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 director Michael J. McConnell reported an equity award of company stock. He acquired 3,451 shares of common stock in the form of a restricted stock unit grant at no stated purchase price.
The award will vest in equal monthly installments over 36 months, as long as he continues to serve on the board on each vesting date. After this grant, he is reported as directly owning 3,451 shares tied to this award.
SPS Commerce executive Jamie Thingelstad reported both a stock award and stock sales. On February 20, 2026, he acquired 23,295 shares of Common Stock as a grant, described as a restricted stock unit award vesting 25% on each anniversary of the grant date. On February 24, 2026, he executed open-market sales totaling 2,418 shares of Common Stock in multiple transactions at weighted average prices of $54.7994 for 1,900 shares and $55.4686 for 518 shares, under a Rule 10b5-1 trading plan adopted on November 4, 2025. Following these transactions, he directly owned 56,344 shares of Common Stock and indirectly held 445.857 shares through a 401(k) plan.
SPS Commerce, Inc. filed an initial ownership report for director Chima Fumbi F. on Form 3. This filing establishes his status as a board member subject to insider reporting rules, but it does not list any stock transactions or holdings in the provided data.
SPS Commerce Inc filed an initial insider ownership report for director Michael J. McConnell on Form 3. This filing establishes his status as a reporting insider of the company but does not list any specific share transactions or changes in ownership.
SPS Commerce, Inc. files its annual report describing a cloud-based supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers. The company generated $751.5 million in revenue for the year ended December 31, 2025, up from $637.8 million in 2024 and $536.9 million in 2023, marking its 100th consecutive quarter of revenue growth.
Recurring revenues accounted for 96% of total 2025 revenue, and no single customer contributed 1% or more, indicating a highly diversified base. SPS highlights key products including Fulfillment, Analytics, Assortment, and Relationship Management, and notes the 2025 acquisition of Carbon6 Technologies Inc. to extend its network capabilities.
The company reports a global workforce of 2,948 employees as of December 31, 2025 and emphasizes talent development, diversity, and an 88% retention rate. SPS details extensive cybersecurity controls, ISO/IEC 27001 and SOC certifications, and a formal governance structure for managing cyber risk, while outlining numerous business, technology, competition, AI/ML, and regulatory risks that could affect future performance.
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.