SPS(US:SPSC)2025-10-30 20:37Financial Performance - Revenue for Q3 2025 was $189.9 million, reflecting a 16% increase from $163.7 million in Q3 2024[6] - Recurring revenue grew 18% compared to Q3 2024[6] - Net income for Q3 2025 was $25.6 million, or $0.67 per diluted share, up from $23.5 million, or $0.62 per diluted share in Q3 2024[6] - Adjusted EBITDA increased 25% to $60.5 million in Q3 2025 compared to the same quarter in 2024[6] - Gross profit for Q3 2025 was $132.0 million, up 18% from $112.1 million in Q3 2024[27] - Net income for Q3 2025 was $25.6 million, compared to $23.5 million in Q3 2024, reflecting a 9% increase[27] - Adjusted EBITDA for Q3 2025 was $60.5 million, representing a 25% increase from $48.4 million in Q3 2024[32] Future Guidance - Fourth quarter 2025 revenue guidance is projected to be between $192.7 million and $194.7 million, representing 13% to 14% year-over-year growth[14] - Fiscal year 2025 revenue is expected to be in the range of $751.6 million to $753.6 million, indicating an 18% growth over 2024[14] - Non-GAAP income per diluted share for Q4 2025 is expected to be between $0.98 and $1.02[14] - Adjusted EBITDA for fiscal year 2025 is expected to be between $229.7 million and $231.7 million, representing 23% to 24% growth over 2024[14] Shareholder Actions - The company announced a new share repurchase program to buy back up to $100.0 million of common stock, effective December 1, 2025[9] - The company repurchased $89.6 million of common stock during the nine months ended September 30, 2025[29] Management Changes - The company appointed Eduardo Rosini as the new Chief Commercial Officer, effective December 1, 2025[5] Balance Sheet - Total assets as of September 30, 2025, were $1.16 billion, an increase from $1.03 billion at the end of 2024[25] - Cash and cash equivalents decreased to $133.7 million from $241.0 million at the end of 2024[29] - Total liabilities increased to $199.7 million as of September 30, 2025, from $176.5 million at the end of 2024[25] - Operating expenses for Q3 2025 totaled $100.8 million, up from $86.5 million in Q3 2024[27]