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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

Calculated from SPS Commerce’s reported figures.

$24.6Mebit+
$5.8MDepreciation Depletion & Amortization
=$30.39M

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

Filed
Apr 30, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001092699-26-000043

FAQ

What is SPS Commerce's EBITDA?
SPS Commerce (SPSC) reported EBITDA of $30.39M in Q1 2026.
How has SPS Commerce's EBITDA changed year-over-year?
SPS Commerce's EBITDA decreased by 1.7% year-over-year, from $30.91M to $30.39M.
What is the long-term trend for SPS Commerce's EBITDA?
Over 4 years (2021 to 2025), SPS Commerce's EBITDA has grown at a 18.8% compound annual growth rate (CAGR), from $69.87M to $139.39M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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