SPS(US:SPSC) Globenewswire·2025-07-30 20:05Core Insights - SPS Commerce, Inc. reported a revenue increase of 22% to $187.4 million in Q2 2025 compared to Q2 2024, with recurring revenue growing by 24% during the same period [1][6] - The company achieved a net income of $19.7 million, or $0.52 per diluted share, up from $18.0 million, or $0.48 per diluted share in the previous year [6][22] - Adjusted EBITDA rose by 27% to $56.1 million, reflecting strong operational performance [6][28] Financial Highlights - Revenue for Q2 2025 was $187.4 million, a 22% increase from $153.6 million in Q2 2024 [6][22] - Recurring revenue grew by 24% year-over-year [6] - Net income for Q2 2025 was $19.7 million, compared to $18.0 million in Q2 2024 [6][22] - Non-GAAP income per diluted share increased to $1.00 from $0.80 in Q2 2024 [6][29] - Adjusted EBITDA for Q2 2025 was $56.1 million, up 27% from the previous year [6][28] Guidance - For Q3 2025, revenue is projected to be between $191.7 million and $193.2 million, indicating a year-over-year growth of 17% to 18% [7] - Full-year 2025 revenue is expected to range from $759.0 million to $763.0 million, representing a growth of 19% to 20% over 2024 [7] - Net income per diluted share for Q3 2025 is anticipated to be between $0.50 and $0.54 [7] - Non-GAAP income per diluted share for Q3 2025 is expected to be between $0.96 and $1.00 [7] Company Positioning - SPS Commerce is positioned as a leader in retail supply chain cloud services, emphasizing its unique full-service EDI solution that aids suppliers in maintaining compliance with changing retailer requirements [3] - The company aims to leverage its product portfolio to enhance collaboration among trading partners, driving efficiency and cost savings [3] - Management expresses confidence in the company's long-term growth potential, citing a large addressable market and strong operating leverage [3]