SPS Commerce, Inc. (NASDAQ: SPSC) Q2 2025 Earnings | 08/01/2025

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SPS Commerce, Inc. delivered robust financial results for the second quarter of 2025, reporting revenue of $187.4 million—a 22% increase year-over-year—marking its 98th consecutive quarter of revenue growth. Recurring revenue also climbed 24% compared to Q2 2024, underscoring the strength of its subscription-based model. Net income rose to $19.7 million, or $0.52 per diluted share, up from $18.0 million ($0.48 per share) a year earlier, while non-GAAP income per diluted share reached $1.00, up from $0.80 in the prior-year quarter. Adjusted EBITDA surged 27% to $56.1 million, driven by ongoing operational leverage and expanded customer adoption across the retail supply chain. The company completed $20 million in share repurchases during the quarter, reflecting confidence in its long-term growth trajectory and continued capital returns to shareholders. SPS Commerce now serves over 54,500 recurring revenue customers and maintains a resilient cash position, with $108 million in total cash and investments as of June 30, 2025. Management raised full-year guidance, projecting revenue of $759–763 million and adjusted EBITDA of $230.7–233.7 million, with EPS between $2.17 and $2.22, reaffirming expectations for sustained double-digit growth and expanding profitability. SPS Commerce’s CEO highlighted the company’s differentiated position as the only full-service EDI solution provider tailored for efficient compliance and supply chain collaboration. Looking ahead, management remains optimistic about driving further digital transformation for its retail customers and delivering consistent shareholder value through disciplined execution, strategic investments, and prudent capital management. About Inside Ticker: For more expert analysis and real-time updates on SPS Commerce, Inc. (NASDAQ: SPSC) and other market movers, follow Inside Ticker and visit http://www.insideticker.com/ for in-depth reports, financial insights, and the latest news on leading companies. #SPSCommerce #SPSC #Q22025 #Earnings #FinancialResults #RevenueGrowth #RecurringRevenue #NetIncome #EBITDA #Profitability #EDISolutions #SupplyChain #RetailTech #DigitalTransformation #OperationalLeverage #ShareRepurchase #Guidance #Growth #InsideTicker #2025Outlook #RetailIndustry