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SPS Commerce SPSC Stock options excluded as their inclusion would be anti-dilutive (in shares)

Stock options excluded as their inclusion would be anti-dilutive (in shares) at other companies

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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$2.01B-58.8%
Enterprise value$1.86B-61.1%
P/E22.1×-37.9×
P/S2.6×-4.6×

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:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount.

The official record: SPS Commerce’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPS Commerce's stock options excluded as their inclusion would be anti-dilutive (in shares)?
SPS Commerce (SPSC) reported stock options excluded as their inclusion would be anti-dilutive (in shares) of 995K in Q1 2026.
How has SPS Commerce's stock options excluded as their inclusion would be anti-dilutive (in shares) changed year-over-year?
SPS Commerce's stock options excluded as their inclusion would be anti-dilutive (in shares) increased by 243.1% year-over-year, from 290K to 995K.
What is the long-term trend for SPS Commerce's stock options excluded as their inclusion would be anti-dilutive (in shares)?
Over 4 years (2021 to 2025), SPS Commerce's stock options excluded as their inclusion would be anti-dilutive (in shares) has grown at a 61.7% compound annual growth rate (CAGR), from 250K to 1.7M.
What does stock options excluded as their inclusion would be anti-dilutive (in shares) mean?
The count of stock options or other equity instruments excluded from the diluted earnings per share calculation because their exercise price exceeds the average market price of the stock. This provides transparency into the volume of 'out-of-the-money' equity awards that do not currently impact share dilution.