SPS Commerce

SPS Commerce is a corporation that provides cloud-based supply chain management software to retailers, suppliers, third-party logistics providers and partners. It offers integration, collaboration, connectivity, visibility, retail performance analytics and on-demand supply chain management solutions through the SPS Commerce platform, a cloud-based software suite that improves the way suppliers, retailers, distributors and other customers manage and fulfill orders.

As a leader in cloud-based supply chain management solutions, SPS Commerce provides proven integrations and comprehensive retail performance analytics to thousands of customers worldwide. 

Company Growth (employees)
Type
Public
HQ
Minneapolis, US
Founded
1987
Size (employees)
1,217 (est)+17%
SPS Commerce was founded in 1987 and is headquartered in Minneapolis, US

Key People at SPS Commerce

Archie C. Black

Archie C. Black

President & CEO
Jim Frome

Jim Frome

Executive Vice President and Chief Operating Officer
Kim Nelson

Kim Nelson

Executive Vice President & Chief Financial Officer

SPS Commerce Office Locations

SPS Commerce has offices in Minneapolis, Little Falls, Brampton, Burwood East and in 5 other locations
Minneapolis, US (HQ)
1000 333 S 7th St
Hong Kong, HK
18 Westlands Rd
North Sydney, AU
100 Miller St
Burwood East, AU
3 12 Wesley Ct
Brampton, CA
2 126 Devon Rd
Little Falls, US
400 150 Clove Rd
Show all (9)

SPS Commerce Data and Metrics

SPS Commerce Financial Metrics

SPS Commerce's revenue was reported to be $51.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

51.9 m

Gross profit (Q1, 2017)

34.6 m

Gross profit margin (Q1, 2017), %

67%

Net income (Q1, 2017)

3 m

EBIT (Q1, 2017)

3.4 m

Market capitalization (25-Jul-2017)

1 b

Cash (31-Mar-2017)

128.7 m
SPS Commerce's current market capitalization is $1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

104.4 m127.9 m158.5 m193.3 m

Revenue growth, %

23%24%22%

Cost of goods sold

31.8 m40 m50 m64.3 m

Gross profit

72.6 m88 m108.5 m128.9 m

Gross profit Margin, %

70%69%68%67%

Sales and marketing expense

39.6 m65.9 m

R&D expense

10.9 m22 m

General and administrative expense

17.2 m28.8 m

Operating expense total

70.8 m83.6 m101.5 m121.4 m

EBIT

1.8 m4.4 m7 m7.5 m

EBIT margin, %

2%3%4%4%

Interest income

112 k

Pre tax profit

1.7 m4.1 m7.1 m8.9 m

Income tax expense

686 k(1.4 m)(2.4 m)(3.1 m)

Net Income

1.1 m2.7 m4.6 m5.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

31.1 m32.5 m37 m38.8 m40.4 m45.6 m47.4 m49.3 m51.9 m

Cost of goods sold

9.6 m10 m11.6 m12.3 m12.7 m14.9 m16 m16.2 m17.3 m

Gross profit

21.5 m22.5 m25.4 m26.5 m27.7 m30.7 m31.4 m33.1 m34.6 m

Gross profit Margin, %

69%69%69%68%69%67%66%67%67%

Sales and marketing expense

11.6 m12 m13.7 m14.1 m13.8 m15.9 m16.7 m16.5 m17.1 m

R&D expense

3.4 m3.3 m4.1 m4.5 m4.5 m5.1 m5.5 m5.6 m5.1 m

General and administrative expense

4.8 m5.2 m5.8 m6.1 m6.3 m7.3 m7.1 m7.1 m7.8 m

Operating expense total

19.8 m20.5 m23.6 m24.7 m24.6 m28.2 m29.3 m29.2 m30 m

EBIT

1 m1.4 m922 k1 m2.3 m1.3 m880 k2.7 m3.4 m

EBIT margin, %

3%4%2%3%6%3%2%5%7%

Interest income

50 k52 k

Pre tax profit

1.1 m1.4 m847 k1 m2.2 m1.8 m657 k3.7 m3.5 m

Income tax expense

(460 k)(532 k)(261 k)(356 k)(953 k)(708 k)(305 k)(1.2 m)(536 k)

Net Income

639 k838 k586 k651 k1.3 m1 m352 k2.5 m3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

131.3 m130.8 m121.5 m115.9 m

Accounts Receivable

15.4 m17.6 m20.7 m

Inventories

2.9 m

Current Assets

156.1 m162.2 m166.8 m185.9 m

PP&E

9.9 m11.4 m13.6 m15.3 m

Goodwill

25.5 m34.9 m33.8 m49.8 m

Total Assets

223.3 m243.8 m261.7 m298.4 m

Accounts Payable

1.8 m4 m2.2 m2.3 m

Current Liabilities

18.9 m24.6 m24.2 m32.2 m

Total Liabilities

49.1 m

Additional Paid-in Capital

239.5 m250.6 m265.3 m286.3 m

Retained Earnings

(46.8 m)(44.1 m)(39.4 m)(33.7 m)

Total Equity

192.8 m205.1 m222.2 m249.3 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

136.5 m140.8 m133.6 m121.3 m117.9 m110.9 m107.2 m109.6 m128.7 m

Current Assets

164.9 m170.6 m166.2 m159.1 m161.4 m162.7 m173.4 m172.6 m204.8 m

PP&E

9 m8.6 m12.1 m13 m13.1 m14 m13.9 m14.8 m15.1 m

Goodwill

25.5 m25.5 m34.2 m34.3 m33.5 m50.9 m50.9 m51 m50.3 m

Total Assets

230.2 m234.6 m246.9 m249.9 m252.9 m281.7 m287.8 m292.3 m327.9 m

Accounts Payable

3 m2.1 m3.4 m3.7 m2.4 m3.9 m3.6 m2.4 m3.6 m

Current Liabilities

19.4 m20.9 m24.8 m23.8 m23.4 m30.6 m33.1 m30.2 m37.6 m

Additional Paid-in Capital

243.9 m245.8 m254.5 m257.3 m260.6 m272.5 m276.5 m281.5 m289.7 m

Retained Earnings

(45.8 m)(44.9 m)(43.5 m)(42.9 m)(41.6 m)(38.4 m)(38.1 m)(35.5 m)(14.5 m)

Total Equity

198.1 m200.9 m208.2 m211.9 m214.7 m233.4 m236.8 m244.8 m273.4 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.1 m2.7 m4.6 m5.7 m

Depreciation and Amortization

2.9 m3.3 m4.7 m

Accounts Receivable

(1.2 m)(3.9 m)(3.5 m)(3.7 m)

Inventories

2.6 m

Accounts Payable

(59 k)1.3 m(1.6 m)(382 k)

Cash From Operating Activities

18.2 m16.8 m14.4 m18.8 m

Purchases of PP&E

(5.7 m)(7.6 m)(8.8 m)(8 m)

Cash From Investing Activities

(5.7 m)(20.2 m)(31.3 m)(34.2 m)

Cash From Financing Activities

52.7 m3.5 m8.3 m10.1 m

Interest Paid

27 k

Income Taxes Paid

55 k113 k114 k722 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

639 k838 k586 k651 k1.3 m1 m352 k2.5 m3 m

Depreciation and Amortization

682 k645 k845 k833 k829 k1.2 m1.2 m1.2 m1.2 m

Accounts Payable

3 m2.1 m3.4 m3.7 m2.4 m3.9 m3.6 m2.4 m3.6 m
USDY, 2017

Revenue/Employee

42.7 k

Financial Leverage

1.2 x

SPS Commerce Market Value History

SPS Commerce Median Salaries

Source: 22 public H-1B filings from SPS Commerce

SPS Commerce Online and Social Media Presence

SPS Commerce Company Life and Culture

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