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State at other companies

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International Business MachinesIBM

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$2.04B-58.8%

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:DeferredStateAndLocalIncomeTaxExpenseBenefit.

The official record: SPS Commerce’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPS Commerce's state?
SPS Commerce (SPSC) reported state of $464.75K in Q4 2025.
How has SPS Commerce's state changed year-over-year?
SPS Commerce's state increased by 226.8% year-over-year, from -$366.5K to $464.75K.
What is the long-term trend for SPS Commerce's state?
Over 4 years (2021 to 2025), SPS Commerce's state has grown at a 114.4% compound annual growth rate (CAGR), from -$88K to $1.86M.
What does state mean?
Reflects the impact of temporary differences on state and local income tax obligations. This metric helps investors understand the future tax implications of state-level accounting adjustments and timing differences.