Core Insights - SPS Commerce, Inc. will present at the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2025, at 8:30 AM P.T. [1] - The presentation will be available via webcast on the company's investor relations website [1] Company Overview - SPS Commerce is recognized as the world's leading retail network, facilitating connections among trading partners globally to enhance supply chain operations [2] - The company supports over 45,000 recurring revenue customers across various sectors including retail, grocery, distribution, supply, manufacturing, and logistics [2] - SPS Commerce has achieved 96 consecutive quarters of revenue growth, indicating strong financial performance [2] - The company is headquartered in Minneapolis [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) (612) 435-9400 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2024 or o 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 Jurisdic ...

SPS Commerce, Inc. (NASDAQ:SPSC) Q4 2024 Earnings Conference Call February 10, 2025 4:30 PM ET Company Participants Irmina Blaszczyk - Investor Relations Chad Collins - Chief Executive Officer Kim Nelson - Executive Vice President & Chief Financial Officer Conference Call Participants George Kurosawa - Citi Dylan Becker - William Blair Lachlan Brown - Redburn Atlantic Parker Lane - Stifel Joe Vruwink - Baird William Jellison - D.A. Davidson Jeff Van Rhee - Craig-Hallum Quinton Gabrielli - Piper Sandler Mark ...

SPS Commerce (SPSC) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.30%. A quarter ago, it was expected that this provider of supply chain software services to businesses would post earnings of $0.83 per share when it actually produced earnings of $0.92, delivering a surprise of 10. ...

Revenue Growth - Revenue for Q4 2024 was $170.9 million, an 18% increase from $145.0 million in Q4 2023[6] - Recurring revenue grew 19% year-over-year in Q4 2024[6] - For the fiscal year 2024, revenue reached $637.8 million, reflecting a 19% growth from $536.9 million in 2023[6] - The company expects Q1 2025 revenue to be between $178.5 million and $180.0 million, representing 19% to 20% year-over-year growth[12] - Fiscal year 2025 revenue guidance is projected to be between $758.0 million and $763.0 million, indicating 19% to 20% growth over 2024[12] - Revenues for the three months ended December 31, 2024, increased to $170,907 thousand, up 17.9% from $144,965 thousand in the same period of 2023[23] Profitability - Net income for Q4 2024 was $17.6 million, or $0.46 per diluted share, compared to $19.0 million, or $0.51 per diluted share in Q4 2023[6] - Net income for the twelve months ended December 31, 2024, rose to $77,054 thousand, a 17.0% increase from $65,824 thousand in 2023[25] - The diluted net income per share for the twelve months ended December 31, 2024, was $2.04, compared to $1.76 in 2023, marking a 15.9% increase[23] - Non-GAAP income per diluted share for Q4 2024 was $0.89, up from $0.75 in Q4 2023[6] EBITDA Performance - Adjusted EBITDA for Q4 2024 increased 18% to $49.6 million compared to Q4 2023[6] - Adjusted EBITDA for the three months ended December 31, 2024, was $49,639 thousand, compared to $41,957 thousand in the same period of 2023, reflecting a 18.4% increase[27] - The adjusted EBITDA margin remained stable at 29% for both the three and twelve months ended December 31, 2024, and 2023[27] Assets and Expenses - The company reported a total asset increase to $1,031.2 million in 2024 from $823.8 million in 2023[21] - Goodwill increased significantly to $399.2 million in 2024 from $249.2 million in 2023, indicating potential acquisitions or growth in value[21] - Total operating expenses for the twelve months ended December 31, 2024, were $338,168 thousand, an increase of 21.8% from $277,593 thousand in 2023[23] - Stock-based compensation expense for the twelve months ended December 31, 2024, was $54,557 thousand, compared to $45,508 thousand in 2023, indicating a 20.0% increase[27] Cash Flow - The company reported a net cash provided by operating activities of $157,398 thousand for the twelve months ended December 31, 2024, up from $132,298 thousand in 2023[25] - The company’s cash and cash equivalents at the end of the period increased to $241,017 thousand, up from $219,081 thousand at the beginning of the period[25] Gross Profit - Gross profit for the twelve months ended December 31, 2024, was $427,051 thousand, representing a 20.4% increase compared to $354,841 thousand in 2023[23]

Core Insights - SPS Commerce, Inc. achieved its 96th consecutive quarter of topline growth, with Q4 2024 revenue increasing by 18% to $170.9 million compared to Q4 2023 [1][6] - Recurring revenue for Q4 2024 grew by 19% year-over-year [1][6] - The company reported a net income of $17.6 million or $0.46 per diluted share for Q4 2024, down from $19.0 million or $0.51 per diluted share in Q4 2023 [6] Financial Highlights - Q4 2024 revenue was $170.9 million, up from $145.0 million in Q4 2023, reflecting an 18% growth [6] - Recurring revenue for the same period grew by 19% [6] - Adjusted EBITDA for Q4 2024 increased by 18% to $49.6 million compared to Q4 2023 [6] - For the fiscal year 2024, total revenue reached $637.8 million, a 19% increase from $536.9 million in 2023 [6] - Net income for the fiscal year 2024 was $77.1 million or $2.04 per diluted share, compared to $65.8 million or $1.76 per diluted share in 2023, reflecting a 17% growth [6] Guidance - For Q1 2025, revenue is expected to be between $178.5 million and $180.0 million, indicating a year-over-year growth of 19% to 20% [7] - Net income per diluted share is projected to be in the range of $0.39 to $0.41 [7] - For the fiscal year 2025, revenue is anticipated to be between $758.0 million and $763.0 million, representing a growth of 19% to 20% over 2024 [15]

MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. “We are very excited to welcome Carbon6 employees and customers to SPS Commerce,” said Chad Collins, CEO of SPS Commerce. “Together, we believe we ...

MINNEAPOLIS, Minn., Jan. 27, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the fourth quarter and year ended December 31, 2024, after the market close on Monday, February 10, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at l ...

Investors might want to bet on SPS Commerce (SPSC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...

MINNEAPOLIS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced that management will present at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025, at 10:15 AM E.T. A webcast of the presentation will be available on the company’s investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to ...