SPS Commerce, Inc. (SPSC)

SPS Commerce Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	93.34	77.05	65.82	55.13	44.6
Depreciation & Amortization	58.26	42.23	34.75	28.19	24.91
Stock-Based Compensation	53.73	54.56	45.51	33.4	27.57
Other Adjustments	27.74	-1.53	-1.96	-0.15	8.92
Change in Receivables	-20.3	-9.65	-11.95	-6.44	-4.96
Changes in Accounts Payable	4.72	0.8	-3.95	0.14	2.26
Changes in Accrued Expenses	-7.29	5.55	8.45	-6.62	7.79
Changes in Unearned Revenue	-0.79	0.73	6.46	5.97	14.48
Changes in Other Operating Activities	-30.62	-12.34	-10.84	-9.58	-12.69
Operating Cash Flow	178.79	157.4	132.3	100.05	112.89
Operating Cash Flow Growth	13.59%	18.97%	32.23%	-11.37%	27.47%
Capital Expenditures	-26.52	-20.05	-19.76	-19.88	-19.59
Purchases of Investments	-	-85.76	-133.99	-160.43	-121.24
Proceeds from Sale of Investments	-	143.28	131.33	158.94	111.19
Payments for Business Acquisitions	-142.63	-147.92	-70.22	-91.42	-17.07
Investing Cash Flow	-169.15	-110.45	-92.64	-112.79	-46.7
Issuance of Common Stock	13.45	14.54	17.97	11.58	14.11
Repurchase of Common Stock	-114.28	-37.57	-	-43.22	-20.43
Net Common Stock Issued (Repurchased)	-100.83	-23.03	17.97	-31.63	-6.32
Other Financing Activities	-	-	-2	-	-2.04
Financing Cash Flow	-100.83	-23.03	15.97	-31.63	-8.36
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.53	-1.98	0.56	-0.29	0.03
Net Cash Flow	-89.66	21.94	56.19	-44.66	57.86
Free Cash Flow	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Growth	10.86%	22.05%	40.37%	-14.07%	29.42%
FCF Margin	20.26%	21.54%	20.96%	17.78%	24.22%
Free Cash Flow Per Share	4.01	3.63	3.00	2.17	2.52
Levered Free Cash Flow	91.1	93.97	80.94	53.36	61.77
Unlevered Free Cash Flow	86.93	85.77	74.54	53.25	63.06

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q