SPS Commerce Inc 2025年季度报告

FORM10-Q (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Transition Period from ________ to ________Commission file number001-34702 SPS COMMERCE, INC. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth The number of shares of the registrant’s common stock, par value $0.001 per share, outstanding at April17, 2025 was37,977,378shares. SPS COMMERCE, INC. Page PART I. FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits SIGNATURES Unless the context otherwise requires, for purposes of the Quarterly Report on Form 10-Q, the words “we,” “us,” “our,” the“Company,” “SPS,” and “SPS Commerce” refer to SPS Commerce, Inc. PART I. – FINANCIAL INFORMATION SPS COMMERCE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE A –General Business Description SPS Commerce is transforming how our global retail supply chain co-operates by creating a more dynamic, interconnectedcommunity where players can more freely connect, collaborate, and prosper together. Our comprehensive suite of cloud-basedproducts and solutions lead the industry in establishing and maintaining stronger collaboration between retailers, grocers, distributors, Our products enable customers to enhance how they operate: both within their organizations and with their trading partners,with reduced operational costs and stronger supply chain performance; compete: with order and supply chain visibility, sell-throughdata, and optimized inventory management, and; adapt: through the limitless access to connect and grow with the world’s largest retail Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accountingprinciples generally accepted in the United States of America (“GAAP”) and include the accounts of SPS Commerce, Inc. and its This interim financial information has been prepared under the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP.Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statementsand notes included in our Annual Report on Form 10-K for the year ended December31, 2024, as filed with the Securities and Use of Estimates Preparing financial statements in conformity with GAAP requires management to make estimates, judgments, andassumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the Significant Accounting Policies There were no material changes in our significant accounting policies, nor were there differences in the basis of oursegmentation, during thethreemonths endedMarch31, 2025. See Note A to the consolidated financial statements included in our NOTE B –Business Acquisitions Carbon6 Technologies, Inc. On December 30, 2024, we entered into a definitive agreement to acquire all of the outstanding equity ownership interests ofCarbon6 Technologies, Inc. ("Carbon6"), a provider of software tools to Amazon sellers, including specialized offerings for revenuerecovery for both first-party ("1P") and third-party ("3P") suppliers. The acquisition became effectiveon February 4, 2025 ("Close").Pursuant to the definitive agreement, the total consideration transferred at Closewas $209.3million, net of cash acquired, and subjectto customary post-close adjustments. The consideration was comprised of $141.6million paid in cash, net of cash acquired, and378,100shares of SPS com