SPS Commerce Sees Robust 21% Revenue Growth in Q1 2025

Published 1 hours agoSPSC

SPS Commerce Sees Robust 21% Revenue Growth in Q1 2025

SPS Commerce has announced a significant revenue growth of 21% in the first quarter of 2025, reporting $181.5 million compared to $149.6 million in the same period last year. This marks the company's impressive 97th consecutive quarter of revenue increase, as noted by multiple sources, underscoring its consistent market expansion.

According to data highlighted by Insider Monkey, the company's recurring revenue saw a 23% year-over-year rise, with non-GAAP income per diluted share reaching $1.00 up from $0.86 in the previous year's first quarter. Additionally, Adjusted EBITDA increased by 22% to $54.4 million, indicating improved profitability and a solid financial position.

Looking ahead, SPS Commerce forecasts their second-quarter revenue for 2025 to fall between $184.5 million and $186.2 million, a projected growth rate of 20% to 21% compared to the previous year. The company's success is driven by strategic customer acquisitions and effective expansion strategies, suggesting ongoing robust performance.

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