Part I [Business](index=4&type=section&id=Item%201.%20Business) SPS Commerce is a leading cloud-based supply chain management provider, achieving **$385.3 million** in 2021 revenues with **92%** recurring, serving **105,000** customers globally Financial Performance (2019-2021) | Year | Revenues (in millions) | Recurring Revenue % | | :--- | :--- | :--- | | 2021 | $385.3 | 92% | | 2020 | $312.6 | 94% | | 2019 | $279.1 | 94% | - As of December 31, 2021, SPS Commerce had approximately **37,500 recurring revenue customers** and a total of **105,000 customers** across its network[16](index=16&type=chunk)[20](index=20&type=chunk) - The company's core products include: **Fulfillment**, **Analytics**, and **Other Products** for supply chain management[28](index=28&type=chunk) - Key growth strategies include market penetration, increasing existing customer revenues, international expansion, and strategic acquisitions like **Genius Central in 2021** and **Data Masons in 2020**[30](index=30&type=chunk) Employee Headcount by Function (as of Dec 31, 2021) | Functional Area | of Employees | | :--- | :--- | | Cost of revenues | 959 | | Sales and marketing | 460 | | Research and development | 332 | | General and administrative | 150 | | **Total employees** | **1,901** | [Risk Factors](index=10&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant business, product, technology, international, and regulatory risks, including customer retention, cybersecurity threats, and geopolitical instability - **Business Risks:** Inability to attract new customers or retain existing ones with short-term contracts, alongside economic weakness in the retail sector, could adversely affect revenue growth[53](index=53&type=chunk)[54](index=54&type=chunk)[55](index=55&type=chunk) - **Product and Technology Risks:** Dependency on maintaining and scaling technical infrastructure, significant cybersecurity threats, and reliance on third-party data centers pose risks of service interruptions and reputational damage[70](index=70&type=chunk)[73](index=73&type=chunk)[75](index=75&type=chunk) - **International Risks:** Expansion outside the U.S. exposes the company to currency fluctuations, regulatory changes, and political instability, particularly impacting its workforce in Ukraine and the Philippines[65](index=65&type=chunk)[68](index=68&type=chunk) - **Regulatory and Legal Risks:** Evolving data privacy laws and internet regulations may increase compliance costs, while reliance on trade secrets and copyrights for intellectual property offers limited protection[85](index=85&type=chunk)[90](index=90&type=chunk) [Unresolved Staff Comments](index=21&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments from the SEC - None[118](index=118&type=chunk) [Properties](index=21&type=section&id=Item%202.%20Properties) SPS Commerce's headquarters are in a leased **198,000 sq ft** facility in Minneapolis, with additional leased offices internationally in Ukraine, Canada, Australia, China, and the Netherlands - The company's principal administrative, marketing, sales, and R&D facilities are at its corporate headquarters in Minneapolis, Minnesota[119](index=119&type=chunk) - Additional office spaces are leased in Little Falls, New Jersey; Kyiv, Ukraine; Toronto, Canada; Melbourne and Sydney, Australia; Beijing, China; and Amsterdam, Netherlands[119](index=119&type=chunk) [Legal Proceedings](index=21&type=section&id=Item%203.%20Legal%20Proceedings) The company states that it is not currently subject to any material legal proceedings - The company is not currently a party to any material legal proceedings and believes it has adequate insurance coverage for potential claims arising from normal business activities[120](index=120&type=chunk) [Mine Safety Disclosures](index=21&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - Not applicable[121](index=121&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=22&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on Nasdaq under "SPSC", has not paid cash dividends, and has an active **$50.0 million** stock repurchase program authorized in October 2021 - The company's common stock has traded on the Nasdaq Global Market under the symbol "SPSC" since its IPO on April 22, 2010[122](index=122&type=chunk) - The company has never paid cash dividends and intends to retain future earnings to finance business operations and expansion[123](index=123&type=chunk) Stock Repurchase Activity (Q4 2021) | Period | Total Shares Purchased | Average Price Paid per Share | Dollar Value Remaining in Program | | :--- | :--- | :--- | :--- | | Oct 1-31, 2021 | - | $- | $20,389,000 | | Nov 1-30, 2021 | 4,287 | $141.36 | $49,394,000 | | Dec 1-31, 2021 | 66,002 | $138.83 | $40,231,000 | | **Total** | **70,289** | **$138.98** | **$40,231,000** | - On October 28, 2021, the board authorized a new **$50.0 million** stock repurchase program, effective November 28, 2021, and expiring in two years[130](index=130&type=chunk) [[Reserved]](index=23&type=section&id=Item%206.%20%5BReserved%5D) This section is not applicable - Not applicable[132](index=132&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial results, noting a **23.2%** revenue increase to **$385.3 million** in 2021, driven by customer growth and wallet share, alongside increased operating expenses and strong liquidity [Results of Operations](index=26&type=section&id=Results%20of%20Operations) In 2021, revenues grew **23.2%** to **$385.3 million**, driven by a **13%** increase in recurring revenue customers and **9%** wallet share growth, while net income slightly decreased due to rising operating expenses Comparison of Operations (2021 vs. 2020) | (in thousands) | 2021 | 2020 | % Change | | :--- | :--- | :--- | :--- | | Revenues | $385,276 | $312,630 | 23.2% | | Gross Profit | $253,598 | $212,794 | 19.2% | | Income from Operations | $55,085 | $50,158 | 9.8% | | Net Income | $44,597 | $45,586 | (2.2)% | - Revenue growth was primarily driven by a **13%** increase in recurring revenue customers (from **33,150** to **37,500**) and a **9%** increase in wallet share (average recurring revenue per customer) from **$9,250** to **$10,050**[159](index=159&type=chunk) - Increases in operating expenses were mainly due to higher headcount, leading to increased personnel-related costs and stock-based compensation across Cost of Revenues, Sales & Marketing, R&D, and G&A[161](index=161&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk)[164](index=164&type=chunk) [Non-GAAP Financial Measures](index=27&type=section&id=Non-GAAP%20Financial%20Measures) The company's non-GAAP results show **Adjusted EBITDA** increased to **$107.0 million** in 2021, with a flat **28%** margin, and non-GAAP diluted income per share rose to **$1.82** Reconciliation of Net Income to Adjusted EBITDA | (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Net income | $44,597 | $45,586 | | Adjustments | $62,418 | $41,408 | | **Adjusted EBITDA** | **$107,015** | **$86,994** | Adjusted EBITDA Margin | (in thousands, except Margin) | 2021 | 2020 | | :--- | :--- | :--- | | Revenue | $385,276 | $312,630 | | Adjusted EBITDA | $107,015 | $86,994 | | **Adjusted EBITDA Margin** | **28%** | **28%** | Non-GAAP Income Per Share | (per share amounts) | 2021 | 2020 | | :--- | :--- | :--- | | Non-GAAP income (in thousands) | $67,107 | $55,696 | | Diluted shares (in thousands) | 36,962 | 36,285 | | **Non-GAAP income per share (Diluted)** | **$1.82** | **$1.53** | [Liquidity and Capital Resources](index=28&type=section&id=Liquidity%20and%20Capital%20Resources) As of December 31, 2021, the company had **$257.3 million** in cash and investments, with net cash from operating activities increasing to **$112.9 million**, ensuring sufficient liquidity for the next twelve months - At December 31, 2021, principal sources of liquidity included cash and cash equivalents of **$207.6 million** and short-term investments of **$49.8 million**[172](index=172&type=chunk)[216](index=216&type=chunk) Summary of Cash Flows | (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $112,893 | $88,562 | | Net cash used in investing activities | $(46,703) | $(120,469) | | Net cash (used in) provided by financing activities | $(8,361) | $2,328 | - The decrease in cash used for investing activities was primarily due to lower cash used for acquisitions in 2021 compared to 2020[176](index=176&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate and foreign currency fluctuations, but management believes neither poses a material threat, with only **8%** of cash held in foreign currencies - The company believes there is no material risk exposure to changes in interest rates based on its current portfolio of cash, cash equivalents, and investments[187](index=187&type=chunk) - Due to international operations, the company has exposure to foreign currency exchange risk, primarily in Australian and Canadian dollars, with approximately **8%** of total cash and investments held in foreign currencies as of December 31, 2021[189](index=189&type=chunk)[190](index=190&type=chunk) - Management does not believe a hypothetical **10%** change in foreign currency exchange rates would materially affect its financial position[191](index=191&type=chunk) [Financial Statements and Supplementary Data](index=32&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for 2019-2021, including the independent auditor's report, offering a comprehensive overview of financial position and performance [Consolidated Financial Statements](index=37&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements for 2021 show total assets of **$615.8 million**, total liabilities of **$131.6 million**, revenues of **$385.3 million**, and net income of **$44.6 million** Consolidated Balance Sheet Highlights | (in thousands) | Dec 31, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | Total current assets | $352,443 | $271,356 | | Total assets | $615,846 | $526,458 | | Total current liabilities | $102,872 | $80,132 | | Total liabilities | $131,587 | $105,737 | | Total stockholders' equity | $484,259 | $420,721 | Consolidated Income Statement Highlights | (in thousands) | 2021 | 2020 | 2019 | | :--- | :--- | :--- | :--- | | Revenues | $385,276 | $312,630 | $279,124 | | Gross profit | $253,598 | $212,794 | $186,885 | | Income from operations | $55,085 | $50,158 | $38,406 | | Net income | $44,597 | $45,586 | $33,712 | [Notes to Consolidated Financial Statements](index=41&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, including the **$17.4 million** acquisition of Genius Central in 2021, revenue stream breakdown with **Fulfillment** as the largest, and **$27.6 million** in stock-based compensation - On November 3, 2021, the company acquired Genius Central Systems Inc. for a total transaction price of **$17.4 million**, resulting in **$8.9 million** of goodwill and **$8.5 million** of intangible assets[275](index=275&type=chunk)[277](index=277&type=chunk)[278](index=278&type=chunk) Revenue by Stream (2019-2021) | (in thousands) | 2021 | 2020 | 2019 | | :--- | :--- | :--- | :--- | | Fulfillment | $306,851 | $251,272 | $219,297 | | Analytics | $42,674 | $38,824 | $37,038 | | Other Recurring | $5,481 | $4,920 | $5,671 | | One-time revenues | $30,270 | $17,614 | $17,118 | | **Total revenue** | **$385,276** | **$312,630** | **$279,124** | Stock-Based Compensation Expense | (in thousands) | 2021 | 2020 | 2019 | | :--- | :--- | :--- | :--- | | Total Expense | $27,574 | $18,936 | $14,690 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=60&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None[331](index=331&type=chunk) [Controls and Procedures](index=60&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2021, excluding the recently acquired Genius Central business - The CEO and CFO concluded that as of December 31, 2021, the company's disclosure controls and procedures were effective[332](index=332&type=chunk) - Management concluded that the company maintained effective internal control over financial reporting as of December 31, 2021[336](index=336&type=chunk) - The assessment of internal control over financial reporting excluded the Genius Central business, which was acquired on November 3, 2021[337](index=337&type=chunk) [Other Information](index=61&type=section&id=Item%209B.%20Other%20Information) The company reports no other information for this item - None[340](index=340&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=61&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This section is not applicable to the company - Not Applicable[341](index=341&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=62&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the company's 2022 Proxy Statement - Information required by this item will be included in the 2022 Proxy Statement and is incorporated by reference[344](index=344&type=chunk) [Executive Compensation](index=62&type=section&id=Item%2011.%20Executive%20Compensation) The information regarding executive compensation is incorporated by reference from the company's 2022 Proxy Statement - Information required by this item will be included in the 2022 Proxy Statement and is incorporated by reference[346](index=346&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=62&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership information is incorporated from the 2022 Proxy Statement, detailing **1,542,378** shares for outstanding equity awards and **15,336,955** shares available for future issuance - Information on security ownership is incorporated by reference from the 2022 Proxy Statement[347](index=347&type=chunk) Equity Compensation Plan Information (as of Dec 31, 2021) | Plan Category | Shares to be issued upon exercise | Weighted-average exercise price | Shares remaining available for future issuance | | :--- | :--- | :--- | :--- | | Equity compensation plans approved by stockholders | 1,542,378 | $44.76 | 15,336,955 | [Certain Relationships and Related Transactions, and Director Independence](index=62&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The information regarding related party transactions and director independence is incorporated by reference from the company's 2022 Proxy Statement - Information required by this item will be included in the 2022 Proxy Statement and is incorporated by reference[350](index=350&type=chunk) [Principal Accounting Fees and Services](index=62&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) The information regarding principal accounting fees and services is incorporated by reference from the company's 2022 Proxy Statement - Information required by this item will be included in the 2022 Proxy Statement and is incorporated by reference[351](index=351&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=63&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements and various exhibits filed as part of the Annual Report on Form 10-K - This item lists the financial statements, financial statement schedules, and exhibits filed as part of the report[353](index=353&type=chunk) [Form 10-K Summary](index=63&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company provides no summary for this item - None[353](index=353&type=chunk)

Financial Data and Key Metrics Changes - Revenue for Q4 2021 was $102.8 million, a 23% increase year-over-year, marking the 84th consecutive quarter of revenue growth [15] - For the full year, revenue grew 23% to $385.3 million, with recurring revenue increasing by 20% [15][19] - Adjusted EBITDA for Q4 2021 increased 21% to $27.7 million, while for the full year, it grew 23% to $107 million [15][19] - The total number of recurring revenue customers rose 13% year-over-year to approximately 37,500, with wallet share increasing by 9% to 10,050 [15] Business Line Data and Key Metrics Changes - Recurring revenue growth was led by fulfillment, which grew 22% year-over-year, while analytics grew 10% in 2021 [8][15] - Net new customer additions increased by 40% in 2021, excluding the Genius Central acquisition [9][15] Market Data and Key Metrics Changes - The company noted ongoing disruptions in the global supply chain, which intensified demand for supply chain automation and EDI solutions [7][8] - The retail dynamics have shifted towards omnichannel strategies, with increased emphasis on fulfillment automation [7][8] Company Strategy and Development Direction - SPS Commerce aims to capitalize on the growing demand for supply chain automation and fulfillment solutions, expanding its addressable market through strategic initiatives and acquisitions [7][13] - The acquisition of Genius Central is expected to strengthen the company's position in food retail and distribution [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of growth driven by strategic investments made in previous years, alongside the benefits from the pandemic [25] - The company anticipates continued annual revenue growth expectations of 15% or greater beyond 2022, with adjusted EBITDA dollar growth of 15% to 25% [18] Other Important Information - The company ended the year with total cash and investments of $257 million and repurchased approximately $20 million of its shares [15] - For Q1 2022, revenue is expected to be in the range of $103.8 million to $104.8 million, with full-year revenue guidance of $442.5 million to $445.5 million [16] Q&A Session Summary Question: Sustainability of pandemic-driven growth - Management indicated that while there were benefits from the pandemic, the acceleration in omnichannel strategies is primarily driven by strategic investments made in previous years [25] Question: Growth rate for analytics - Management expressed confidence that analytics could grow consistently with fulfillment, estimating a growth rate around 10% for the near term [27] Question: Recovery in lagging industries - Management noted that differentiation among industries is less pronounced now, with a return to a more normalized growth rate in e-commerce [31] Question: Integration of Genius Central - The integration of Genius Central into the company's go-to-market strategy is progressing well, with expectations for retail sales to benefit from the acquisition [34] Question: Competitive environment - Management observed that SPS Commerce has seen further differentiation from peers, particularly due to its extensive network and relationships with retailers [44] Question: Sales capacity additions for 2022 - The company plans to continue adding resources based on opportunities, with a focus on increasing sales capacity [48] Question: International segment performance - Management highlighted strong performance in the Australian market and ongoing opportunities in Asia and Europe [71] Question: Hiring and retention dynamics - The company has not faced difficulties in hiring, maintaining a strong reputation and effective training programs [78]

SPS Commerce Investor Presentation Q3'21 GAAP measure is provided in Appendix A of this presentation. | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | Forward-Looking Statements and Non-GAAP Financial Measures | | | | | This presentation contains forward-looking stateme ...

Financial Data and Key Metrics Changes - Total revenue grew 23% year-over-year to $97.9 million, marking the 83rd consecutive quarter of revenue growth [16] - Recurring revenue increased by 20% year-over-year, with the total number of recurring revenue customers rising 10% to approximately 35,400 [16] - Adjusted EBITDA grew 14% to $26.5 million compared to $23.2 million in Q3 of the previous year [17] - The company ended the quarter with total cash and investments of approximately $252 million [17] Business Line Data and Key Metrics Changes - The company is experiencing strong momentum in e-commerce fulfillment, which is driving demand for its solutions [6] - The partnership with Ruby Has has proven valuable for brands, enhancing order flow and inventory management [9] - The transition of brands like Hello Bello to cloud ERP solutions is impacting EDI operations positively [10][11] Market Data and Key Metrics Changes - The retail landscape is evolving towards a true omnichannel fulfillment model, with SPS Commerce positioned to support this transition [14] - The company is expanding its global market leadership by providing full-service solutions that help retailers work efficiently with suppliers [14] Company Strategy and Development Direction - SPS Commerce aims to capitalize on the multi-billion-dollar addressable market by enhancing its analytics solutions and fulfillment capabilities [24] - The company plans to maintain annual revenue growth expectations of 15% or greater beyond 2021 [22] - The strategic focus includes investing in customer experience and sales resources to support future growth [43][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the ongoing shift towards omnichannel retailing, which integrates e-commerce and brick-and-mortar operations [33] - The company expects to see continued strong momentum in fulfillment driven by e-commerce dynamics [22] - Management is cautious about potential headwinds and tailwinds affecting deal closures due to inventory and labor challenges [49] Other Important Information - A new stock buyback program has been authorized to repurchase up to $50 million of common stock, effective November 28, 2021 [17] - The company expects to deliver $124 million to $126 million in annual adjusted EBITDA in 2022 [22] Q&A Session Summary Question: Is there an uptick in ERP replacement, particularly with Microsoft Cloud Dynamics? - Management confirmed a slight uptick in the movement to cloud ERPs, particularly benefiting the Data Masons business [27][28] Question: How is the improved e-commerce environment from the pandemic affecting overall business? - Management believes the retail world is moving towards a true omnichannel experience, which positions the company well regardless of shifts between online and offline sales [33][34] Question: What is the outlook for gross margins? - Management indicated that investments in customer experience and sales resources may impact gross margins in the short term, but they expect margins to stabilize in the low 70s long term [44] Question: How is the uptake on the carrier services product? - Management expressed optimism about the carrier services product and its partnership with C.H. Robinson, which is expected to accelerate growth [47] Question: What is the impact of logistical challenges on the pipeline? - Management noted that logistical challenges can have both positive and negative effects on deal closures, depending on inventory availability and labor resources [49] Question: How is the competitive environment for drop shipping evolving? - Management highlighted the company's strong retail network and easy-to-use technology as key competitive advantages in the drop shipping space [52][54] Question: What is the status of the Data Masons business post-acquisition? - Management reported that the Data Masons business is trending about 10% greater than original expectations, with successful conversions from nonrecurring to recurring revenue [74][76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: September 30, 2021 (Registrant's telephone number, including area code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-34702 SPS COMMERCE, INC. (Exact Name of Registrant as Specified in its Ch ...

SPS Commerce, Inc. (NASDAQ:SPSC) Q2 2021 Earnings Conference Call July 29, 2021 4:30 AM ET Company Participants Irmina Blaszczyk - Investor Relations Archie Black - President & Chief Executive Officer Kim Nelson - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Berg - Needham & Company Devin Au - KeyBanc Capital Markets Matt Pfau - William Blair Parker Lane - Stifel Joe Brunetto - The Benchmark Company Joe Vruwink - Baird Nehal Chokshi - Northland Capital Operator Hell ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended: June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-34702 SPS COMMERCE, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or or ...

SPS Commerce, Inc. (NASDAQ:SPSC) Q1 2021 Earnings Conference Call April 29, 2021 4:30 PM ET Company Participants Irmina Blaszczyk – Investor Relations Archie Black – President and Chief Executive Officer Kim Nelson – Executive Vice President and Chief Financial Officer Conference Call Participants Matt Pfau – William Blair Scott Berg – Needham Joe Vruwink – Baird Tom Roderick – Stifel Jason Celino – KeyBanc Pat Walravens – JMP Securities Nehal Chokshi – Northland Capital Operator Ladies and gentlemen, thank ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the Quarterly Period Ended: March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SPS COMMERCE, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 41-2015127 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the Fiscal Year Ended: December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-34702 SPS COMMERCE, INC. Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) Delaware 41-2015127 (State or Other Jurisdiction of ...