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SPSC

Sps Commerce Inc
$60.85 +0.11 (+0.18%) At close · Jul 10
Market Cap
$2.23B
Shares
36,712,702

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$60.85 Open$61.43 Day$60.31–62.27 52W$49.38–143.55 Avg vol 30d740K Short int3.1M · 8.3% float · 2.8d Short vol73% Last earningsApr 30, 2026 DataJan 2020–Jul 2026 Filing10-Q · Apr 30
Up next
Next earnings call
Aug 3, 2026 Est · unconfirmed · in 3 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed Apr 30, 2026
AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Equibles Rating blended score · not investment advice
      Overall
      Neutral
      SellHoldBuy
      Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Very High
      Market backdrop VIX 15 · calm Equity put/call 0.55
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg −18%
      below
      Price vs 50-day avg +9%
      above
      RSI (14) 63
      neutral
      MACD trend Positive
      52-week position 12%
      near low
      Volume (OBV) Confirms
      volume backs price
      Momentum
      relative strength
      Weak
      1-month return +9%
      trailing
      6-month return −33%
      trailing
      YTD return −32%
      this year
      Relative strength −42%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $56 › 200d $74 — 200d above 50d
      Institutional flow Distributing
      11 of 328 funds reported for Jun 30 · net -364.2K sh shares · +2 new
      Insider flow Distributing
      Net -$57.0K over 90 days · 100% sells
      Short interest Falling
      8.34% of float · ▼ -7.9% MoM · 2.8 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr low
      328 holders — near 3-yr low, contrarian setup
      Squeeze score 63
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +14%
      Y/Y
      Gross margin 236%
      expanding
      EPS growth +21%
      Y/Y
      Free cash flow $152.3M
      Valuation P/E 25.3
      below peers
      Buyback $236.4M
      remaining
      Balance sheet $151.4M
      net cash
      Quant / Vol
      risk profile
      Very High
      Volatility 49%
      annualized · 1-yr
      Max drawdown −65%
      past year
      ATR 4.3%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record
      Latest guidance · from the 8-K filed Apr 30, 2026
      Second Quarter 2026
      Revenue Maintained $194.5M – $196.5M
      prior qtr $192.12M midpoint +1.8% QoQ
      Net income per diluted share Maintained $0.53 – $0.56
      prior qtr $0.53 midpoint +2.8% QoQ
      Non-GAAP income per diluted share Maintained $1.06 – $1.09
      Adjusted EBITDA Maintained $60.9M – $62.4M
      Non-cash, share-based compensation expense Initiated $19M
      Depreciation expense Initiated $5.2M
      Amortization expense Initiated $9.4M
      Fiscal Year 2026
      Revenue Maintained $796M – $802M
      prior FY $751.51M midpoint +6.3% Y/Y
      Net income per diluted share Maintained $2.66 – $2.69
      prior FY $2.46 midpoint +8.7% Y/Y
      Non-GAAP income per diluted share Maintained $4.73 – $4.76
      Adjusted EBITDA Maintained $262.8M – $267.3M
      Non-cash, share-based compensation expense Initiated $69.8M
      Depreciation expense Initiated $23M
      Amortization expense Initiated $37.4M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      2 · 3 · 2
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      −18% Bearish
      Price vs 50-day avg
      +9% Bullish
      RSI (14)
      63 Neutral
      MACD trend
      Positive Bullish
      52-week position
      12% Bearish
      Volume (OBV)
      Confirms Neutral
      Market signals — smart money & positioning
      Bearish · 2 of 6
      Trend (MA cross) No cross
      50d $56 › 200d $74 — 200d above 50d
      Institutional flow Distributing
      11 of 328 funds reported for Jun 30 · net -364.2K sh shares · +2 new
      Insider flow Distributing
      Net -$57.0K over 90 days · 100% sells
      Short interest Falling
      8.34% of float · ▼ -7.9% MoM · 2.8 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr low
      328 holders — near 3-yr low, contrarian setup
      Price context
      position in its 52-week range
      52-wk low $49 Now $61 · 12% 52-wk high $144
      vs 200-day avg -18% vs 50-day avg +9%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from its earnings releases, calls, and filings
      Metric Latest Period YoY
      Adjusted EBITDA non-GAAP $57.9M first quarter of 2026
      Share repurchases $47.1M first quarter of 2026
      3P customers decline 400 Q1 2026 call
      ARPU $13,550 Q1 2026 call
      recurring revenue customers 54,200 Q1 2026 call

      Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file

      Versus peers

      Software - Application — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      SPSC
      Sps Commerce Inc
      this stock
      $2.23B -31.7% +14.1% 25.3 8.3%
      SAP
      Sap SE
      $186.11B -35.0% 1.0%
      SHOP
      Shopify Inc.
      $159.01B -23.9% +26.1% 120.1 1.6%
      UBER
      Uber Technologies, Inc
      $151.73B -8.8% +18.3% 18.5 2.8%
      CRM
      Salesforce, Inc.
      $133.76B -38.3% +25.9% 18.9 6.2%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      328
      % held
      95.6%
      Reported
      11 of 328
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      280
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      3.1M
      Days to cover
      2.8d
      Change
      -264.2K sh
      View
      Short Volume
      Short vol %
      73%
      As of
      Jul 10, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      5.6K
      Value
      $309.7K
      As of
      Jun 8, 2026
      View
      Off-Exchange
      Off-exchange %
      52.3%
      Week of
      May 4, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$57.0K
      Buyers / Sellers
      0 / 1
      Buyers Sellers
      View
      Congressional Trades Sell
      Member
      Peter Welch
      Amount
      $1.0K–$15.0K
      Traded
      May 19, 2020
      View
      Financials
      Financials
      Revenue (FY)
      $751.5M
      Net income (FY)
      $93.3M
      EPS diluted
      $2.46
      View
      Buybacks
      Authorized · 2 programs
      $400.0M
      Remaining
      $236.4M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      May 28, 2026
      This year
      9
      View
      Proposed Sales
      Value
      $2.0M
      Shares
      32.8K
      Filed
      Jun 2, 2026
      View
      Exempt Offerings
      Offering
      $87.0M
      Filed
      Aug 13, 2024
      View
      Earnings & Events
      Earnings Calls
      Last call
      Apr 30, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      SPSC +3.0% +9.3% -33.3% +6.4% -31.7%
      SPY +1.4% +4.1% +9.1% +1.1% +10.7%
      vs SPY +1.6% +5.2% -42.4% +5.3% -42.4%

      Capital returns

      Buyback programs · 2 active · as of Mar 31, 2026
      Authorized (total)
      $400.00M
      Spent (derived)
      $163.62M
      Remaining
      $236.38M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1092699 CUSIP 78463M107 13F (30d) 13 filings 12 filers Visit website Investor relations