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SPS Commerce SPSC Accounts Receivable

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Other financials

Income statement

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Revenue$192.1M+5.8%
Gross profit$132.9M+6.6%
Operating income$24.6M-5.4%
Net income$19.7M-11.1%
EPS (diluted)$0.53-8.6%

Balance sheet

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Cash & equivalents$154.3M+62.5%
Total debt$6.6M-46.0%
Total equity$962.2M+4.5%
Total assets$1.2B+4.7%

Cash flow

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Operating cash flow$55.6M+39.1%
CapEx$7.1M+16.1%
Free cash flow$48.5M+43.3%

Valuation

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Market cap$2.59B-38.1%
Enterprise value$2.44B-40.2%
P/E28.5×-21.9×
P/S3.4×-2.5×

Profitability

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Gross margin69.3%+1.6pp
Operating margin15.3%+0.5pp
Net margin11.9%-0.2pp
FCF margin21.9%+0.9pp

Returns & leverage

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Return on equity9.7%-0.5pp
Debt / equity0.0×
Current ratio2.1×+0.5×

Where this comes from

Reported directly by SPS Commerce in its filing.

Tagged under the XBRL concept us-gaap:AccountsReceivableGrossCurrent.

The source filing: SPS Commerce’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001092699-26-000043
(in thousands, except shares) / ASSETSMarch 31,2026 / (unaudited)December 31,2025
Current assets
Cash and cash equivalents$154,271$151,355
Accounts receivable72,00375,295
Allowance for credit losses(6,897)(7,129)
Accounts receivable, net65,10668,166
Deferred costs65,90666,693
Other assets43,45749,090
Total current assets328,740335,304

Item 1. Financial Statements (unaudited)

FAQ

What is SPS Commerce's accounts receivable?
SPS Commerce (SPSC) reported accounts receivable of $72M in Q1 2026.
How has SPS Commerce's accounts receivable changed year-over-year?
SPS Commerce's accounts receivable increased by 5.6% year-over-year, from $68.18M to $72M.
What is the long-term trend for SPS Commerce's accounts receivable?
Over 5 years (2020 to 2025), SPS Commerce's accounts receivable has grown at a 14.8% compound annual growth rate (CAGR), from $37.81M to $75.3M.
What does accounts receivable mean?
Amounts owed by customers for goods delivered or services performed, net of allowances for doubtful accounts. A key working capital component.

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