Thu, Apr 24, 8:20 PM (29 days ago)
**SPS Commerce, Inc. (SPSC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $181,549,000, up 21% YoY, driven by increased ARPU and recurring revenue customers. - **Net Income:** $22,196,000, up 23% YoY. - **Gross Profit Margin:** 69%, up from 66% YoY. - **Operating Expenses:** $98,679,000, up 19% YoY, primarily due to increased headcount. - **Cash Flow from Operations:** $39,983,000, up from $34,064,000 YoY. **Key Metrics:** - **ARPU:** $13,850, up 11% YoY. - **Recurring Revenue Customers:** 54,150, up 21% YoY. - **Recurring Revenues:** $172,329,000, up 23% YoY. **Trends & Uncertainties:** - Continued growth in recurring revenues and customers. - Increased investment in R&D, sales, and marketing. - Strategic acquisitions (Carbon6, SupplyPike) to expand offerings and market reach. - Potential fluctuations in effective tax rate due to stock awards and foreign-derived intangible income. **Future Operations Impact:** - Plans to further penetrate the supply chain management market. - Expansion of international presence and distribution channels. - Selective acquisitions to add customers, expand regions, or offer new functionalities. - Expects cash, cash equivalents, and operational cash flows to meet working capital and capital expenditure requirements for at least the next twelve months. **Ticker:** SPSC **Full Name:** SPS Commerce, Inc.