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SPS Commerce, Inc. (SPSC)

Vertical SaaS

SaaS Metrics & Investor Data — Q4 2025

SPS Commerce, Inc. (SPSC) is a Vertical SaaS SaaS company with a market cap of $2.2B as of Q4 2025. The company trades at 2.7x EV/Revenue and has delivered +17.8% revenue growth year-over-year. With a gross margin of 69% and FCF margin of 20.3%, SPS Commerce, Inc. scores 38 on the Rule of 40 — placing it in the upper half of public SaaS companies tracked by SaaSDB.

monitoringInvestor Metrics

Market Cap
$2.2B
Q4 2025
Enterprise Value
$2.0B
Q4 2025
Revenue (TTM)
$751.5M
Q4 2025
Revenue Growth YoY
17.8%
Year-over-year
EV / Revenue
2.7x
Enterprise Value multiple
P/S Ratio
2.9x
Price-to-Sales
Gross Margin
69.2%
Gross profit margin
Operating Margin
15.7%
Operating income margin

From the makers of SaaSDB

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rocket_launchFounder & Operator Metrics

Rule of 40
38.1
Revenue growth + FCF margin
FCF Margin
20.3%
Free cash flow margin
Gross Margin
69.2%
Gross profit margin

Not publicly disclosed by this company: NRR·Gross Retention·ARR·ARR Growth·CAC Payback

Insider Trading Activity

DateInsiderTitleTransactionSharesPriceValue
2026-04-09Form 4 — 0001628280-26-024537
2026-03-17Form 4 — 0001628280-26-018821
2026-03-11Form 4 — 0001628280-26-016858
2026-02-24Form 4 — 0001628280-26-011174
2026-02-24Form 4 — 0001628280-26-011166
2026-02-24Form 4 — 0001628280-26-011171
2026-02-24Form 4 — 0001628280-26-011164
2026-02-24Form 4 — 0001628280-26-011176
2026-02-24Form 4 — 0001628280-26-011169
2026-02-11Reaume Marty MGRANT1,000$51.80$52K

Analyst Ratings

No analyst ratings available.

From the makers of SaaSDB

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