Every 10-Q that SPS Commerce, Inc. (SPSC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPSC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPSC filings page.
SPS Commerce generated Q2 2026 revenue of $197.8 million, up 6% year over year, with recurring revenue of $190.4 million representing 96% of total. ARPU rose 14% to about $15,100 while recurring revenue customers fell 14% to about 46,650 after divesting the 3P revenue recovery business.
GAAP net income declined to $6.9 million (3% margin) from $19.7 million, largely due to a $23.5 million loss on the 3P divestiture, which brought in $8.8 million of cash and is described as immaterial to future results. Adjusted EBITDA increased to $66.6 million (34% margin) from $56.1 million. For the first half, revenue grew 6% to $389.9 million and net income was $26.6 million, while non-GAAP diluted EPS rose to $2.36 from $1.99. Operating cash flow strengthened to $121.7 million, lifting cash and cash equivalents to $173.2 million, even after repurchasing 1.66 million shares for $98.7 million, leaving $186.4 million authorized for future buybacks.
SPS Commerce, Inc. filed an amendment to its quarterly report for the quarter ended March 31, 2026 to add insider trading-plan disclosures that were omitted previously. The amendment does not change any financial statements or internal control disclosures and is accompanied by updated CEO and CFO certifications.
During the quarter, three officers adopted written Rule 10b5-1 trading arrangements for planned sales of common stock: former CFO Kimberly Nelson for up to 19,453 shares, EVP & Chief Commercial Officer Eduardo Rosini for up to 47,595 shares, and CEO and Director Chadwick Collins for up to 69,553 shares. These figures are maximums; actual sales may be lower and contingent on factors such as performance, tax withholding, and market price. There were no other officer or director trading arrangements adopted, modified, or terminated in the period. Common shares outstanding were 36,712,702 as of April 23, 2026.
SPS Commerce posted modest top-line growth in its quarter ended March 31, 2026. Revenue reached $192.1 million, up 6% from $181.5 million a year earlier, driven mainly by higher recurring revenue of $184.5 million, which represented 96% of total revenue.
Net income declined to $19.7 million from $22.2 million, with margin at 10% versus 12% as operating expenses, including stock-based compensation and enterprise system work, grew faster than sales. Adjusted EBITDA increased to $57.9 million, maintaining a 30% margin. The company ended the quarter with $154.3 million in cash and generated $55.6 million in operating cash flow while repurchasing 757,721 shares for $48.6 million under its buyback program.
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.