SPSC — Stock Film
STOCK FILMSCENE 1/11SPSC · $77.23
Stock Expert AI presents
SPSC
SPS Commerce, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
SPS Commerce, Inc. What it actually does.

Provides a cloud-based platform for supply chain management. Connects retailers, suppliers, grocers, distributors, and logistics firms. Now — the numbers.

on the stock market since 2010
2,948 employees
$2.8B market value
Revenue last year:
$751.5M
The net profit left over:
$93.3M
Out of every $100 in sales, $12 stays as net profit.
THE SLICE THAT TURNS INTO PROFIT: 12%

This is an established company with proven profits.

THE SALES TREND
Sales are growing, year after year.

Average growth of 18% a year over the last 4 years. Every year shown ended in profit.

$385.3M
2021
2022
2023
2024
$751.5M
2025
Cash on hand:
$151.4M
Total debt:
$7.2M
The cash outweighs the debt.

If every debt were paid off today, $144.2M would still be left in the vault — a solid cushion for hard times.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
8 / 8
EXPECTATIONS MET OR BEATEN
8
Oct 2024
Jul 2026
8 TIMES IN THE LAST 8 QUARTERS
It clears the bar, quarter after quarter.
THE PRICE TAG
MARKET VALUE / ANNUAL PROFIT
29.8×

The market pays 29.8× for every dollar of annual profit — around what a business like this usually costs.

Against companies in its own sector, it looks cheaper than 68% of them.

Analysts' average target sits 11% below today's price.

THE FIVE-YEAR JOURNEY
A big climb, then a hard fall.

An investor who bought at the very peak is down 64% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 4 years, sales grew about 18% a year on average.

2
THE BRIGHT SIDE · 2/3
Strong cash, light debt

There is $151.4M in the vault; even if every debt were paid off, $144.2M would remain.

3
THE BRIGHT SIDE · 3/3
Delivers on expectations

It met or beat analyst expectations in 8 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/2
The price sits above analysts’ target

The stock trades 11% above the average analyst price target.

2
THE RISKS · 2/2
Executives aren’t buying

No clear buy-side message is coming from the executive floor.

FINALE · THE GRADE
A+
87 / 100 · MoonshotScore

On our five-subject report card, SPSC sits near the top of the class. A high grade doesn’t mean “guaranteed win” — it means “the evidence looks strong for now.”

The takeaway: SPSC is an established business that has proven its profits for years. The real debate here isn’t the price — it’s whether the company can keep up this pace.

The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the revenue breakdown.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film