When did SPS Commerce report Q1 2025 earnings?

SPS Commerce (SPSC) reported Q1 2025 earnings on April 24, 2025 after market close.

What were SPS Commerce's Q1 2025 revenue and EPS?

SPS Commerce reported revenue of $181.5M and eps of $1.00 for Q1 2025.

Did SPS Commerce beat estimates in Q1 2025?

Revenue beat the consensus estimate of $179.0M by $2.5M. EPS beat the consensus estimate of $0.84 by $0.16.

How did SPS Commerce's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 21.4% from $149.6M a year earlier and eps grew 16.3% from $0.86.

Where can I find SPS Commerce's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0001092699-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.

SPS Commerce SPSC Q1 2025 earnings

Reported April 24, 2025 · After market close

Revenue$181.5MBeat by $2.5M

EPS$1.00Beat by $0.16

Revenue estimate$179.0M

EPS estimate$0.84

Next report

Jul 30, 2026 (Today)

Revenue estimate$195.5M

EPS estimate$1.08

Financials

Q1 2025

Income statement

See full

Revenue$181.5M+21.4%

Gross profit$124.6M+27.1%

Operating income$26.0M+68.5%

Net income$22.2M+23.3%

EPS (diluted)$0.58+20.8%

Balance sheet

See full

Cash & equivalents$94.9M-59.5%

Total debt$12.3M-5.0%

Total equity$920.9M+34.8%

Total assets$1.1B+32.1%

Cash flow

See full

Operating cash flow$40.0M+17.4%

CapEx$6.2M+74.1%

Free cash flow$33.8M+10.8%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$5.05B-26.3%

Enterprise value$4.97B-25.1%

P/E62.1×-37.8×

P/S7.5×-4.7×

Profitability

See full

Gross margin67.7%+1.7pp

Operating margin14.8%+1.3pp

Net margin12.1%-0.1pp

FCF margin21%-1.6pp

Returns & leverage

See full

Return on equity10.1%-0.8pp

Debt / equity0×0.0×

Current ratio1.6×-1.5×

Segments

By product

See full

Fulfillment$152.6M+25.3%

Analytics$13.7M-2.2%

Other$6.0M+57.1%

Versus estimates

Revenue

Q1 2026$192.1MMiss by $384.4K Q4 2025$192.7MMiss by $945.1K Q3 2025$189.9MMiss by $3.7M Q2 2025$187.4MBeat by $1.6M

Q1 2025$181.5MBeat by $2.5M

Q4 2024$170.9MBeat by $1.6M

Diluted EPS

Q1 2026$1.10Beat by $0.13 Q4 2025$1.14Beat by $0.14 Q3 2025$1.13Beat by $0.14 Q2 2025$1.00Beat by $0.10

Q1 2025$1.00Beat by $0.16

Q4 2024$0.89Beat by $0.02

Ask the moment SPS Commerce reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did SPS Commerce report Q1 2025 earnings?: SPS Commerce (SPSC) reported Q1 2025 earnings on April 24, 2025 after market close.
What were SPS Commerce's Q1 2025 revenue and EPS?: SPS Commerce reported revenue of $181.5M and eps of $1.00 for Q1 2025.
Did SPS Commerce beat estimates in Q1 2025?: Revenue beat the consensus estimate of $179.0M by $2.5M. EPS beat the consensus estimate of $0.84 by $0.16.
How did SPS Commerce's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 21.4% from $149.6M a year earlier and eps grew 16.3% from $0.86.
Where can I find SPS Commerce's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0001092699-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.