Company Quick10K Filing
SPS Commerce
10-Q 2020-03-31 Filed 2020-04-30
10-K 2019-12-31 Filed 2020-02-25
10-Q 2019-09-30 Filed 2019-10-25
10-Q 2019-06-30 Filed 2019-07-26
10-Q 2019-03-31 Filed 2019-04-26
10-K 2018-12-31 Filed 2019-02-22
10-Q 2018-09-30 Filed 2018-10-26
10-Q 2018-06-30 Filed 2018-07-27
10-Q 2018-03-31 Filed 2018-05-04
10-K 2017-12-31 Filed 2018-02-26
10-Q 2017-09-30 Filed 2017-10-27
10-Q 2017-06-30 Filed 2017-07-28
10-Q 2017-03-31 Filed 2017-04-28
10-K 2016-12-31 Filed 2017-02-27
10-Q 2016-09-30 Filed 2016-10-28
10-Q 2016-06-30 Filed 2016-07-29
10-Q 2016-03-31 Filed 2016-04-29
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-10-30
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-20
10-Q 2014-09-30 Filed 2014-10-30
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-05-01
10-K 2013-12-31 Filed 2014-02-20
10-Q 2013-09-30 Filed 2013-10-30
10-Q 2013-06-30 Filed 2013-08-01
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-03-06
10-Q 2012-09-30 Filed 2012-11-07
10-Q 2012-06-30 Filed 2012-08-06
10-Q 2012-03-31 Filed 2012-05-08
10-K 2011-12-31 Filed 2012-03-09
10-Q 2011-09-30 Filed 2011-11-07
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-03-03
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-04
10-Q 2010-03-31 Filed 2010-05-17
8-K 2020-04-30 Earnings, Exhibits
8-K 2020-02-13 Officers, Exhibits
8-K 2020-02-13 Earnings, Exhibits
8-K 2019-10-24 Earnings, Other Events, Exhibits
8-K 2019-07-25 Earnings, Other Events, Exhibits
8-K 2019-05-14 Shareholder Vote
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-02-12 Earnings, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-05-31 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-03-16 Enter Agreement, Officers, Exhibits
8-K 2018-02-06 Earnings, Exhibits
8-K 2018-02-02 Officers, Exhibits

SPS Commerce Financials

SPSC Metrics, Comps, Filings

Quarterly | Annual

Business

SPS Commerce is a leading provider of cloud-based supply chain management services that make it easier for retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Implementing and maintaining a suite of supply chain management capabilities is resource intensive and is not a core competency for most businesses. The services offered by SPS Commerce eliminate the need for on-premise software and support staff by taking on that capability on the customer's behalf. The services SPS Commerce provides allow our customers to increase their supply cycle agility, optimize their inventory levels and sell-through, reduce operational costs and gain increased visibility into customer orders, ensuring that suppliers, grocers, distributors, and logistics firms can satisfy exacting retailer requirements.

As of December 31, 2018, we had approximately 29,000 customers with contracts to pay us monthly fees, which we refer to as recurring revenue customers. We have also generated revenues by providing our cloud-based supply chain management services to an additional 51,000 organizations that, together with our recurring revenue customers, we refer to as our customers. Once connected to the SPS Commerce Platform, our customers often require integrations to new organizations that represent an expansion of our Platform and new sources of revenues for us.

For the years ended December 31, 2018, 2017 and 2016, we generated revenues of $248.2 million, $220.1 million and $193.2 million, respectively. Our fiscal quarter ended December 31, 2018 represented our 72nd consecutive quarter of increased revenues. Recurring revenues from recurring revenue customers accounted for 93%, 93% and 92% of our total revenues for the years ended December 31, 2018, 2017 and 2016, respectively. Our revenues are not concentrated with any customer, as our largest customer represented less than 1% of total revenues for the years ended December 31, 2018, and 2017 and less than 2% of total revenues for the year ended December 31, 2016.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Mimecast (MIME) 2,234 74% 84.2 -1% 679 476 382 283 -6 25 2,130
Rapid7 (RPD) 2,204 72% -118.2 -6% 627 540 235 170 -39 -18 2,089
Workiva (WK) 2,088 72% -51.9 -6% 627 557 282 203 -40 -33 1,699
Commvault Systems (CVLT) 2,013 82% 118.3 -0% 802 430 695 573 -3 14 1,636
Varonis Systems (VRNS) 1,891 86% -30.4 -22% 298 200 182 156 -64 -60 1,838
Progress Software (PRGS) 1,838 83% 19.5 6% 830 515 397 329 53 103 2,011
Sendgrid (SEND) 1,722 75% 333.4 -2% 245 48 105 79 -4 5 1,540
Bottomline Technologies (EPAY) 1,714 57% 52.1 1% 679 304 428 244 9 31 1,622
SailPoint Technologies (SAIL) 1,698 76% -219.2 -1% 935 514 200 152 -14 -6 1,227
Zuora (ZUO) 1,689 51% -32.4 -18% 331 164 206 106 -60 -51 1,636
SPS Commerce (SPSC) 1,655 67% 33.0 7% 427 82 273 182 32 46 1,505
Shopify (SHOP) 1,603 0% 244 48 0 0 0 0 1,493
Bandwidth (BAND) 1,545 46% 728.6 1% 321 51 171 79 4 2 1,352
MicroStrategy (MSTR) 1,544 79% 26.9 3% 889 373 485 383 25 43 1,168
Instructure (INST) 1,430 68% -25.0 -17% 391 240 247 169 -65 -52 1,308
Xunlei (XNET) 1,211 0% 455 111 0 0 0 0 1,089
Carbon Black (CBLK) 1,177 78% -24.6 -13% 400 223 173 135 -52 -45 1,118
Cision (CISN) 1,109 65% 14.3 -0% 2,186 1,706 748 484 -5 162 2,321
Talend (TLND) 1,086 75% -24.1 -13% 366 334 181 135 -49 -43 1,041
Materialise (MTLS) 1,063 0% 313 0 0 0 0 1,063

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash30323233367066737581131135137141131134121118122111107110116129132129123121125145134144147150
Accounts Receivable788891011111211121213141516171818202021212322242526282727283129
Inventory
PP&E333346188911259993212131339141415441516165117181962212121
Assets6163787983157159163168174223227230235244247250253262282288292298328334339336340352368386407419427
Accounts Payable2111232222223243422442243343444444
Long-Term Debt
Liabilities16181818212424262831313132343939383840485147495555545951575867768082
Stockholders' Equity4546606162133135137140142193195198201205208212215222233237245249273279285277288295311319331338345
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue14161617192022242927282933333537394042464749515254565859616365677071
Cost of Revenue44445677989911101112121313151616171718191920202021212423
Gross Profit10111212141416172019192022232425272829313133343536383939414244464548
R&D122222333333434444556665576555678
SG&A999101012121315151515171718202020202324242425272732292828312828
Tax00-1300-0-0-00000110001110111119111123
Net Income-001301000000011111121032322-93587799
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating21234-1727243553-148722810849915101921
Cash Investing-1-1-1-1-27-3-1-1-3-1-1-3-1-16-2-13-9-7-20-7-3-41-6-7-10-7-1-0-12-14
Cash Financing000158111149111121232233110-5-55-0-4-4