SPS(US:SPSC)2026-02-12 21:08Financial Performance - Revenue for Q4 2025 was $192.7 million, reflecting a 13% increase from $170.9 million in Q4 2024[5] - Recurring revenue grew 14% year-over-year in Q4 2025[5] - Net income for Q4 2025 was $25.8 million, or $0.68 per diluted share, compared to $17.6 million, or $0.46 per diluted share in Q4 2024, marking a 46% increase[5] - Adjusted EBITDA for Q4 2025 increased 22% to $60.5 million compared to Q4 2024[5] - For the fiscal year 2025, revenue was $751.5 million, an 18% increase from $637.8 million in 2024[5] - Net income for the fiscal year 2025 was $93.3 million, or $2.46 per diluted share, reflecting a 21% growth year-over-year[5] - Total revenues for the year ended December 31, 2025, increased to $751.5 million, up 17.8% from $637.8 million in 2024[26] - Net income for the year ended December 31, 2025, rose to $93.3 million, a 21.1% increase from $77.1 million in 2024[26] - The diluted net income per share for the year ended December 31, 2025, was $2.46, compared to $2.04 in 2024[26] Guidance and Projections - First quarter 2026 revenue guidance is projected to be between $191.6 million and $193.6 million, representing 6% to 7% year-over-year growth[10] - Fiscal year 2026 revenue guidance is expected to be in the range of $798.5 million to $806.9 million, indicating 6% to 7% growth over 2025[16] Shareholder Actions - The company announced an additional $200.0 million in share repurchase authority, bringing the total authorized repurchase amount to $300.0 million[9] - The company repurchased $114.3 million of common stock during the year, compared to $37.6 million in 2024[28] Expenses and Margins - Gross profit for the twelve months ended December 31, 2025, was $519.9 million, representing a gross margin of 69.2%, compared to $427.1 million and a margin of 66.9% in 2024[26] - Adjusted EBITDA for the twelve months ended December 31, 2025, was $231.4 million, with an adjusted EBITDA margin of 30.8%, compared to $186.6 million and a margin of 29.2% in 2024[31] - Research and development expenses for the year were $68.7 million, an increase from $62.8 million in 2024[26] Assets and Liabilities - Cash and cash equivalents at the end of the period decreased to $151.4 million from $241.0 million at the end of 2024[28] - Total assets increased to $1.17 billion as of December 31, 2025, compared to $1.03 billion in 2024[24] - Total liabilities rose to $196.0 million in 2025, up from $176.5 million in 2024[24] Management Changes - The company appointed Joseph Del Preto as the new Chief Financial Officer, effective March 16, 2026[7]