Skip to content
Screener

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

Oct 29, 2026 (in a month)
Revenue estimate$197.5M
EPS estimate$1.22

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%

FAQ

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 8-K earnings release (0001092699-25-000036) and the 10-Q periodic report (0001092699-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.