SPS Commerce Announces Agreement to Sell 3P Revenue Recovery Business
Rhea-AI Summary
SPS Commerce (NASDAQ:SPSC) completed the sale of its 3P Revenue Recovery business, originally acquired with Carbon6 in February 2025. The company retains the 1P revenue recovery business serving major retailers such as Amazon, Walmart, Kroger, Target, Home Depot, and Lowes.
SPS received $9.5 million in cash at closing and expects an estimated $20 million loss on sale in Q2 2026. Management highlights increased strategic focus on 1P suppliers operating multi-retailer relationships.
Positive
- Received $9.5 million cash from sale of 3P Revenue Recovery business
- Portfolio refocused on 1P revenue recovery aligned with broader SPS network solutions
- Retains relationships supporting Amazon, Walmart, Kroger, Target, Home Depot, Lowes
- Strategic emphasis on multi-retailer 1P suppliers integrated with Fulfillment and Analytics
Negative
- Expected ~$20 million loss on sale to be recorded in Q2 2026
News Market Reaction – SPSC
In the Jun 30 session, SPSC declined 0.90%, reflecting a mild negative market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Sale Sharpens Company’s Focus on Strategic Opportunity with 1P Suppliers
MINNEAPOLIS, June 30, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced it has completed the sale of its 3P Revenue Recovery business. The company previously acquired the business through the Carbon6 Technologies, Inc. (Carbon6) acquisition which closed on February 7, 2025. Carbon6 was a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. SPS Commerce retains the 1P revenue recovery business, an integral part of the Revenue Recovery solution that supports retailers including Amazon, Walmart, Kroger, Target, Home Depot, and Lowes.
“The acquisition of Carbon6 rapidly expanded our retailer coverage in Revenue Recovery to Amazon, one of the world’s largest retailers,” said Chad Collins, CEO of SPS Commerce. “Divesting the 3P portion of the Revenue Recovery business focuses SPS on the strategic opportunity with 1P suppliers who operate multi-retailer trading relationships and are better positioned to benefit from our intelligent supply chain network and other solutions like Fulfillment and Analytics.”
Transaction Details
Under the terms of the asset purchase agreement, SPS Commerce received a cash payment of
Additional details will be provided when the company reports second quarter results in July 2026.
About SPS Commerce
SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.
SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.
Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
SPSC@blueshirtgroup.com
415-217-4962
SPS-F
