SPS Commerce Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	90.87	93.34	77.05	65.82	55.13	44.6
Depreciation & Amortization	59.87	58.26	42.23	34.75	28.19	24.91
Stock-Based Compensation	57.93	53.73	54.56	45.51	33.4	27.57
Other Adjustments	32.61	27.74	-1.53	-1.96	-0.15	8.92
Change in Receivables	-11.75	-20.3	-9.65	-11.95	-6.44	-4.96
Changes in Accounts Payable	2.25	4.72	0.8	-3.95	0.14	2.26
Changes in Accrued Expenses	-8.3	-7.29	5.55	8.45	-6.62	7.79
Changes in Unearned Revenue	0.93	-0.79	0.73	6.46	5.97	14.48
Changes in Other Operating Activities	-29.97	-30.62	-12.34	-10.84	-9.58	-12.69
Operating Cash Flow	194.44	178.79	157.4	132.3	100.05	112.89
Operating Cash Flow Growth	19.05%	13.59%	18.97%	32.23%	-11.37%	27.47%
Capital Expenditures	-27.51	-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	-0.99	-142.63	-147.92	-70.22	-91.42	-17.07
Investing Cash Flow	-28.51	-169.15	-110.45	-92.64	-112.79	-46.7
Issuance of Common Stock	13.66	13.45	14.54	17.97	11.58	14.11
Repurchase of Common Stock	-121.4	-114.28	-37.57	-	-43.22	-20.43
Net Common Stock Issued (Repurchased)	-107.74	-100.83	-23.03	17.97	-31.63	-6.32
Other Financing Activities	-	-	-	-2	-	-2.04
Financing Cash Flow	-107.74	-100.83	-23.03	15.97	-31.63	-8.36
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.16	1.53	-1.98	0.56	-0.29	0.03
Net Cash Flow	59.35	-89.66	21.94	56.19	-44.66	57.86
Free Cash Flow	166.92	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Growth	9.63%	10.86%	22.05%	40.37%	-14.07%	29.42%
FCF Margin	21.90%	20.26%	21.54%	20.96%	17.78%	24.22%
Free Cash Flow Per Share	4.41	4.01	3.63	3.00	2.17	2.52
Levered Free Cash Flow	88.13	91.1	93.97	80.94	53.36	61.77
Unlevered Free Cash Flow	84.59	86.93	85.77	74.54	53.25	63.06

SEC Filings: 10-K · 10-Q