SPS Commerce/$SPSC
About SPS Commerce
- Ticker
- $SPSC
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 2,948
- Headquarters
- Minneapolis, United States
- Website
- www.spscommerce.com
The $210 million acquisition of Carbon6 Technologies is expected to contribute about $40 million to FY 2025 revenues, bolstering SPS’s revenue recovery portfolio and cross-sell opportunities (Reuters).
Adjusted EBITDA for Q1 2026 rose 7% year-over-year to $57.9 million, surpassing consensus estimates and demonstrating improvement in profitability through operational leverage and AI-driven efficiencies (Reuters).
Management’s full-year 2026 revenue guidance of $796 million to $802 million implies 6%–7% growth over 2025, underscoring confidence in sustained demand for its cloud-based supply chain services (Reuters).
After posting 18% revenue growth in 2025, SPS Commerce now guides for just 6%–7% revenue expansion in 2026, signaling a material deceleration in its growth trajectory (Reuters).
The company’s market value has plunged by roughly 60% over the past year, with shares trading near a 52-week low of $49.04 and a market cap around $2.1 billion, reflecting investor concerns over its slowed growth and valuation reset (Reuters).
SPS Commerce has engaged Morgan Stanley to explore a potential sale under pressure from activist investors Anson Funds and Irenic Capital, introducing strategic uncertainty and potential management distraction from core operations (Reuters).