Welcome to our dedicated page for Sps Commerce SEC filings (Ticker: SPSC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SPS Commerce, Inc. (NASDAQ: SPSC) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a Nasdaq Global Market issuer in the software publishers industry, SPS Commerce files annual reports on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8‑K, along with proxy statements and other required documents. These filings offer detailed information about the company’s retail supply chain cloud services business, financial condition, risk factors and governance.
Recent Form 8‑K filings have covered topics such as quarterly financial results, the authorization of a share repurchase program, and changes in executive leadership and board composition. For example, SPS Commerce has reported the appointment of a new Executive Vice President & Chief Commercial Officer, the planned retirement of a long-serving executive, and the addition of an independent director to its board. Other 8‑K items reference press releases that disclose revenue growth, recurring revenue trends and non‑GAAP performance measures like Adjusted EBITDA and non‑GAAP income per share.
On this page, Stock Titan surfaces SPS Commerce’s 10‑K and 10‑Q filings with AI-powered summaries that highlight key elements such as revenue composition, operating expenses, subscription-based recurring revenue, balance sheet items and management’s discussion of results. For investors interested in governance and compensation, proxy materials and related disclosures provide insight into board structure, director independence and executive compensation programs.
Users can also review insider-related filings such as Form 4, where available, to see reported transactions by directors and officers. Real-time updates from the SEC’s EDGAR system ensure that new SPSC filings appear promptly, while AI-generated explanations help readers interpret technical accounting language and complex tables. This combination allows investors, analysts and researchers to examine SPS Commerce’s regulatory history and understand how its retail network and cloud-based supply chain services are reflected in formal SEC documents.
SPS Commerce entered a cooperation agreement with investor Anson Funds Management that adds two Anson-supported independent directors, Michael McConnell and Fumbi Chima, to the board and increases the company’s share repurchase authorization to $300 million.
The agreement expands the board to ten seats initially and includes Anson commitments to support the company’s nominees at the 2026 annual meeting and abide by standstill limits, including not acquiring more than 9.9% of outstanding common stock. McConnell joins the Finance & Strategy Committee and Chima joins the Audit Committee.
Long‑time director Sven Wehrwein, age 75, will not stand for reelection at the 2026 annual meeting under the company’s age-based guideline but will serve until then. Following the meeting, the board is expected to have nine directors, eight independent, with four appointed within the past year.
SPS Commerce, Inc. reported strong fourth-quarter and full-year 2025 results while announcing a CFO transition and a larger share repurchase program. Fourth-quarter revenue reached $192.7 million, up 13%, with net income of $25.8 million and non-GAAP diluted EPS of $1.14. Adjusted EBITDA rose 22% to $60.5 million.
For 2025, revenue grew 18% to $751.5 million, net income increased to $93.3 million ($2.46 diluted EPS), and adjusted EBITDA climbed 24% to $231.4 million. The company expanded its share repurchase authorization to $300 million and named Joseph Del Preto as the next CFO, succeeding retiring CFO Kim Nelson after a transition period. 2026 guidance calls for 6–7% revenue growth and 13–15% adjusted EBITDA growth.
SPS Commerce director Marty M. Reaume reported option-related transactions in company stock. On February 9, 2026, Reaume exercised a stock option for 1,000 shares of common stock at $51.80 per share and then sold 1,000 shares at $79.92 per share.
After these transactions, Reaume directly owned 9,158 shares of SPS Commerce common stock and 3,000 stock options. The filing states the option exercise and sale were carried out under a Rule 10b5-1 trading plan adopted on September 10, 2025, indicating the trades were pre-arranged.
SPS Commerce insider Martha Reaume has filed to sell 1,000 shares of common stock under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney, with an aggregate market value of
The 1,000 shares were acquired the same day through a cash exercise of stock options. As context, 37,709,094 common shares were outstanding, and during the prior three months a 10b5-1 plan for Martha Reaume sold 1,732 common shares for gross proceeds of
SPS Commerce director Marty M. Reaume reported an automatic option exercise and related stock sales. On January 7, 2026, Reaume exercised a stock option for 1,732 shares of common stock at an exercise price of $51.80 per share, increasing direct holdings to 10,890 common shares and 4,000 option shares. On the same day, Reaume sold 400 shares at a weighted average price of $91.3958 and 1,332 shares at a weighted average price of $92.5194, both through multiple transactions, reducing direct common stock ownership to 9,158 shares. The filing notes that the transactions were carried out under a Rule 10b5-1 trading plan adopted on September 10, 2025 and that the exercised option is fully vested.
An insider of SPS Commerce has filed a Form 144 indicating an intention to sell 1,732 shares of common stock through Morgan Stanley Smith Barney LLC on or around 01/07/2026 on the NASDAQ market. The filing lists an aggregate market value of $158,426.04 for the planned sale and notes that there were 37,709,094 shares of the issuer’s common stock outstanding.
The shares to be sold were acquired on 01/07/2026 via an exercise of stock options from the issuer, with the purchase price paid in cash. The form also includes a standard representation that the selling person does not know of any material adverse, nonpublic information about the issuer’s current or future operations.
SPS Commerce director Form 4 shows routine stock option activity. On 11/18/2025, the reporting person exercised a stock option for 5,732 shares of Common Stock at an exercise price of $51.8 per share, converting it into Common Stock. On the same date, 3,717 shares were disposed of in a transaction coded "F," typically used for tax withholding, at a price of $79.89 per share. After these transactions, the reporting person directly owned 22,177 shares of SPS Commerce common stock. The option exercised had previously been adjusted from 2,866 to 5,732 shares due to a two-for-one stock split effected as a 100 percent stock dividend announced on July 25, 2019, and is reported as fully vested.
SPS Commerce (SPSC) reported a director equity grant on Form 4. On 11/06/2025, the reporting person acquired 2,485 shares of Common Stock at $0 via restricted stock units. These RSUs vest in 36 monthly installments beginning on the first day of the month after the director’s initial appointment to the board, subject to continued board service on each vest date. Following the transaction, 2,485 shares were beneficially owned, held directly.
SPS Commerce (SPSC) executive Jamie Thingelstad (EVP, Chief Technology Officer) reported insider transactions on 11/04/2025. He exercised 8,118 stock options at $54.54 (code M) and had 6,621 shares withheld to cover taxes at $82.53 (code F). Following these transactions, he beneficially owns 35,467 shares directly and 438.1 shares indirectly via a 401(k) plan. The exercised option related to 8,118 underlying shares, was fully vested, and showed 0 derivative securities remaining after the transaction; the listed expiration date was 02/19/2026.
SPS Commerce (SPSC) reported Q3 results with revenue of $189.9 million, up 16% year over year, and net income of $25.6 million. Diluted EPS was $0.67. Recurring revenues were $182.0 million, or 96% of total, reflecting continued customer growth and contributions from recent acquisitions.
Gross profit reached $132.0 million (69% of revenue). Adjusted EBITDA was $60.5 million with a 32% margin, versus $48.4 million and 30% a year ago. Year to date, revenue was $558.9 million and net income was $67.5 million. Cash from operations was $132.9 million for the nine months, ending cash and cash equivalents were $133.7 million.
The company closed the Carbon6 acquisition on February 4, 2025 and previously acquired SupplyPike on July 31, 2024, adding customers and amortization expense. Q3 share repurchases totaled 259,645 shares for $30.0 million, with $10.0 million remaining under the 2024 program and a new $100.0 million authorization effective December 1, 2025. Shares outstanding were 37,709,094 as of October 23, 2025.