SPS Commerce, Inc. (SPSC)

In the past six months, SPS Commerce's stock experienced a significant decline of 51.24%. In Q3 2025, SPS Commerce reported $189.9 million in revenue, a 16% year-over-year growth. The revenue recovery business experienced a $3 million shortfall in Q3 2025. Guidance for Q4 and the full year 2025 was revised downward. The company repurchased $30 million of common stock and announced a new $100 million buyback authorization. A new Chief Commercial Officer, Eduardo Rosini, was appointed.

SPS Commerce's revenue recovery business experiences demand seasonality, impacted by factors like Amazon Prime Day and changes in Amazon's inventory policy. The company's analytics tools help businesses understand and leverage seasonal buying trends. SPS Commerce assists retailers and 3PLs in preparing for annual surges in demand.

SPS Commerce, Inc. is a US-based technology and application software company specializing in cloud-based supply chain management solutions. Its business model is centered on a subscription-based network effect, offering cloud-based products to enhance collaboration among various businesses. The company's major products and services include Fulfillment, which streamlines supply chain operations; Analytics, which simplifies the management of sell-through data; Assortment, which helps in transforming and delivering product data; Community, which facilitates connections among subscribing customers; and other services like professional services and e-invoicing.

SPS Commerce is headquartered in Minneapolis, Minnesota, United States, and has a significant global presence with offices across North America, Australia, New Zealand, Asia, and Europe. Specific international locations include Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.

SPS Commerce has maintained a strong operational track record, with 99 consecutive quarters of revenue growth as of Q3 2025. In January 2026, SPS Commerce announced a suite of product innovations, including AI-enabled automation and industry standardization tools. There were no specific events identified that negatively impacted SPS Commerce's brand reputation in the past year.

SPS Commerce, Inc. is predominantly owned by institutional investors, holding approximately 97.97% of the company's shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, IJR - iShares Core S&P Small-Cap ETF, State Street Corp, Neuberger Berman Group LLC, and Nordea Investment Management Ab. Chadwick Collins, the CEO, is the largest individual shareholder, owning 13.97% of the company.