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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.
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 79,530.00, on or about February 9, 2026 on the NASDAQ.
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 159,794.15.
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.