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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:GeneralAndAdministrativeExpense.

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 per share amounts) (unaudited)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses
Sales and marketing44,73441,634
Research and development17,91717,439
General and administrative36,37431,018
Amortization of intangible assets9,3208,588
Total operating expenses108,34598,679
Income from operations24,55925,956
Other income, net1,4052,207

Item 1. Financial Statements (unaudited)

FAQ

What is SPS Commerce's G&A?
SPS Commerce (SPSC) reported G&A of $36.37M in Q1 2026.
How has SPS Commerce's G&A changed year-over-year?
SPS Commerce's G&A increased by 17.3% year-over-year, from $31.02M to $36.37M.
What is the long-term trend for SPS Commerce's G&A?
Over 4 years (2021 to 2025), SPS Commerce's G&A has grown at a 19.9% compound annual growth rate (CAGR), from $61.31M to $126.59M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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