secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001092699-25-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce Q1 revenue $181.5M (+21% YoY); non-GAAP EPS $1.00 beats $0.86
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- Revenue $181.5M (+21% YoY); recurring revenue +23%. GAAP net income $22.2M ($0.58 diluted EPS).
- Non-GAAP EPS $1.00 vs $0.86; adjusted EBITDA $54.4M (+22%). Share repurchases $40M in Q1.
- Q2 2025 revenue guidance $184.5M-$186.2M (20-21% YoY). FY2025 revenue $758.5M-$763M (19-20%).
- 97th consecutive quarter of topline growth; CEO cites $11B TAM and resilient business model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269925000036/0001092699-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269925000036/spsc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001092699-25-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer