Welcome to our dedicated page for Sps Commerce SEC filings (Ticker: SPSC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SPS Commerce filings document regulatory disclosures for a Nasdaq-listed provider of cloud-based supply chain management services. Recent Form 8-K reports disclose quarterly and annual operating results, recurring revenue trends, share repurchase activity, executive appointments and material agreements related to governance and shareholder engagement.
The company’s proxy materials and compensation-related 8-K filings describe board composition, committee assignments, director independence, executive compensation, performance stock unit terms and change-in-control vesting provisions. These filings also record shareholder voting matters and governance practices for SPS Commerce’s Supply Chain Management Solutions business and common stock capital structure.
SPS Commerce, Inc. announced that former Executive Vice President and Chief Financial Officer Kimberly Nelson’s retirement from the company will be effective June 1, 2026. She had previously given notice on February 10, 2026 and transitioned out of the CFO role when Joseph Del Preto became CFO on March 16, 2026.
The Compensation & Talent Committee waived the six-month notice requirement in Ms. Nelson’s equity award agreements, recognizing that she is at least age 58 and has over 10 years of continuous service. Her outstanding equity awards will receive retirement treatment under those agreements, and she will not receive any cash payments or other severance in connection with her retirement.
SPS Commerce Executive VP and CFO Joseph Del Preto reported two stock-based compensation awards of Common Stock. On May 7, 2026, he acquired 33,240 shares and a separate award of 108,467 shares, both at a stated price of $0.00 per share, reflecting equity grants rather than open‑market purchases.
Following one of the awards, his reported direct holdings for that line item increased to 141,707 shares, while the other award shows 108,467 shares held directly. A footnote explains that one award consists of Restricted Stock Units vesting 25% each on March 16, 2027, March 16, 2028, March 16, 2029, and March 16, 2030, tying the grant to long‑term service‑based vesting.
THINGELSTAD JAMIE reported acquisition or exercise transactions in this Form 4 filing.
SPS Commerce EVP and CTO Jamie Thingelstad received a new equity award. He was granted 39,433 shares of common stock as a restricted stock unit award at a stated price of $0.0000 per share. The award vests in four equal 25% installments on each anniversary of the grant date. Following this grant, he directly holds 95,777 shares of common stock and also has 499.189 shares held indirectly through a 401(k) plan.
SPS Commerce director Marty M. Reaume reported an exercise-and-sell transaction in company stock. On May 7, 2026, Reaume exercised stock options for 1,000 shares of common stock at $51.80 per share, then sold 1,000 shares in an open-market sale at an average price of $57.03 per share. After these transactions, Reaume directly holds 9,158 shares of SPS Commerce common stock. The filing notes the option exercise and sale were carried out under a pre-arranged Rule 10b5-1 trading plan, indicating the activity was scheduled in advance rather than timed opportunistically.
SPSC filed a Rule 144 notice reporting the sale of 1,000 shares of Common Stock on 05/07/2026 tied to an exercise of stock options, sold through Morgan Stanley Smith Barney LLC for cash. The filing also lists prior 10b5-1 sales by Martha Reaume: 1,000 shares on 04/07/2026 for $57,900, 1,000 shares on 03/09/2026 for $62,730, and 1,000 shares on 02/09/2026 for $79,200.
SPS Commerce posted modest top-line growth in its quarter ended March 31, 2026. Revenue reached $192.1 million, up 6% from $181.5 million a year earlier, driven mainly by higher recurring revenue of $184.5 million, which represented 96% of total revenue.
Net income declined to $19.7 million from $22.2 million, with margin at 10% versus 12% as operating expenses, including stock-based compensation and enterprise system work, grew faster than sales. Adjusted EBITDA increased to $57.9 million, maintaining a 30% margin. The company ended the quarter with $154.3 million in cash and generated $55.6 million in operating cash flow while repurchasing 757,721 shares for $48.6 million under its buyback program.
SPS Commerce reported mixed but generally steady results for the first quarter of 2026. Revenue rose to $192.1 million from $181.5 million a year earlier, a 6% increase, with recurring revenue up 7%. Adjusted EBITDA grew 7% to $57.9 million, keeping the Adjusted EBITDA margin at 30%.
GAAP net income declined to $19.7 million, or $0.53 per diluted share, from $22.2 million, or $0.58, while non‑GAAP diluted income per share improved to $1.10 from $1.00. The company repurchased $47.1 million of stock in the quarter and highlighted the launch of MAX, a new AI capability embedded in its supply chain workflows.
For the second quarter of 2026, SPS Commerce expects revenue of $194.5 million to $196.5 million and non‑GAAP diluted income per share of $1.06 to $1.09. For full‑year 2026, it projects revenue of $796.0 million to $802.0 million and Adjusted EBITDA of $262.8 million to $267.3 million, representing 14% to 16% growth over 2025.
SPS Commerce Inc Schedule 13G shows Vanguard Capital Management beneficially owns 1,984,586 shares of common stock, representing 5.30% of the class. The filing reports sole dispositive power over 1,984,586 shares and sole voting power for 286,463 shares. The filing is signed by Ashley Grim.
SPS Commerce Inc Schedule 13G filing reports that Vanguard Portfolio Management beneficially owned 2,995,571 shares of common stock as of 03/31/2026, representing 8.01% of the class. The filing states Vanguard has sole dispositive power over 2,995,571 shares and sole voting power over 36,732 shares. The disclosure describes holdings held on behalf of Vanguard funds and managed accounts and is signed on 04/29/2026.
SPS Commerce reported strong 2025 results, with revenue of $751.5 million and $231.4 million of adjusted EBITDA, driven by recurring-revenue expansion and product-led growth. The company marked its 100th consecutive quarter of revenue growth, grew recurring revenue 20%, increased ARPU to $14,350, completed $115.0 million of share repurchases and authorized a total repurchase program of $300.0 million. Management highlighted acquisitions (including Carbon6), new AI agentic capabilities called MAX, and expectations for at least high-single-digit revenue growth and annual 2 percentage-point adjusted EBITDA margin expansion.