SPS Commerce, Inc. (SPSC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 55.63M | 45.87M | 60.61M | 32.32M | 39.98M | 40.56M | 53.33M | 29.44M | 34.06M | 32.79M | 43.84M | 34.04M | 21.63M | 23.57M | 39.7M | 32.44M | 4.35M | 31.32M | 26.91M | 33.05M |
| Operating CF Margin % | 28.96% | 23.81% | 31.92% | 17.25% | 22.02% | 23.73% | 32.58% | 19.17% | 22.77% | 22.62% | 32.32% | 26.1% | 17.19% | 19.32% | 34.67% | 29.71% | 4.13% | 30.48% | 27.49% | 34.96% |
| Operating CF Growth % | 39.13% | 13.09% | 13.66% | 9.79% | 17.38% | 23.72% | 21.64% | -13.51% | 57.48% | 39.11% | 10.44% | 4.94% | 397.61% | -24.76% | 47.52% | -1.86% | -79.88% | 36% | -6.35% | 49.37% |
| Net Income | 19.73M | 25.84M | 25.57M | 19.73M | 22.2M | 17.56M | 23.46M | 18.03M | 18M | 19.01M | 16.84M | 14.68M | 15.29M | 15.91M | 15.86M | 10.75M | 12.6M | 12.77M | 11.45M | 10.18M |
| Depreciation & Amortization | 15.15M | 15.37M | 14.85M | 14.5M | 13.54M | 12.57M | 11.1M | 9.52M | 9.03M | 9.66M | 8.46M | 8.14M | 8.48M | 8.27M | 7.17M | 6.42M | 6.33M | 6.19M | 6.09M | 6.2M |
| Stock-Based Compensation | 18.07M | 0 | 14.45M | 15M | 13.87M | 12.29M | 10.75M | 11.49M | 20.02M | 9.41M | 11.44M | 12.88M | 11.78M | 7.76M | 7.96M | 8.66M | 9.02M | 6.3M | 6.85M | 7.5M |
| Deferred Taxes | 713K | 6.33M | 18.5M | -1.5M | -4.42M | 132K | -1.75M | -1.1M | -7.07M | 1.83M | -3.25M | -3.51M | -5.15M | -1.64M | 68K | -1.89M | -269K | 2.87M | 662K | 188K |
| Other Non-Cash Items | 3.4M | 12.74M | 2.12M | 2.4M | 1.99M | 2.95M | 2.58M | 1.76M | 977K | 2.41M | 2.08M | 1.93M | 1.71M | 647K | 290K | 1.5M | 1.14M | 769K | 1.27M | 1.72M |
| Working Capital Changes | -1.44M | -14.4M | -14.87M | -17.81M | -7.2M | -4.94M | 7.19M | -10.27M | -6.9M | -9.54M | 8.27M | -85K | -10.48M | -7.39M | 8.35M | 6.99M | -24.47M | 2.43M | 586K | 7.26M |
| Change in Receivables | 1.1M | -4M | -2.59M | -6.27M | -7.44M | 1.8M | -49K | -4.65M | -6.76M | -3.15M | 1.14M | -3.72M | -6.22M | -2.44M | 3.86M | -2.3M | -5.56M | 368K | 1.62M | -4.12M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -792K | 1.79M | 843K | 405K | 1.68M | 131K | 2.12M | -6.55M | 5.1M | 1.34M | -875K | 435K | -4.85M | 15K | 3.36M | -5K | -3.23M | 3.78M | -1.37M | 681K |
| Cash from Investing | -7.14M | -7.65M | -6.06M | -7.66M | -147.79M | -227K | -98.3M | -8.98M | -2.94M | 806K | -75.1M | -13.76M | -4.59M | -52.2M | -55.3M | -10.96M | 5.67M | -14.62M | -14.31M | -12.97M |
| Capital Expenditures | -7.14M | -7.65M | -6.06M | -6.67M | -6.15M | -6.21M | -5.24M | -5.06M | -3.53M | -4.29M | -5.7M | -4.51M | -5.26M | -5.99M | -5.7M | -3.84M | -4.36M | -4.02M | -6.83M | -5.47M |
| CapEx % of Revenue | 3.72% | 3.97% | 3.19% | 3.56% | 3.39% | 3.64% | 3.2% | 3.29% | 2.36% | 2.96% | 4.2% | 3.46% | 4.18% | 4.91% | 4.98% | 3.51% | 4.14% | 3.91% | 6.98% | 5.79% |
| Acquisitions | 0 | 0 | 0 | -992K | -141.64M | -523K | -118.06M | -29.34M | 0 | -5.1M | -70.22M | 0 | 0 | -46.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1M | 0 | 0 | 0 | 0 | -44.92M | 0 | 0 | -17.07M | 0 | 0 |
| Cash from Financing | -45.86M | -20.68M | -28.43M | -12.77M | -38.95M | 4.67M | 2.25M | -15.06M | -14.89M | 5.96M | 1.05M | 6.53M | 2.42M | 5.02M | -10.47M | -11.61M | -14.57M | -5M | -1.08M | -5.02M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -45.86M | -30.27M | -28.43M | -12.77M | -40M | 4.67M | -84K | -20.94M | -16.54M | 7.96M | 1.05M | 6.53M | 0 | -515K | -12.48M | -15M | -15.23M | -9.77M | -4.21M | -6.45M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -47.12M | -24.72M | -30M | -19.56M | -40M | 0 | -84K | -20.94M | -16.54M | 0 | 0 | 0 | 0 | -515K | -12.48M | -15M | -15.23M | -9.77M | -4.21M | -6.45M |
| Other Financing | 0 | 9.58M | 0 | 0 | 1.05M | 0 | 2.34M | 5.88M | 1.65M | -2M | 0 | 0 | 2.42M | 5.54M | 2M | 3.39M | 651K | 4.77M | 3.13M | 1.43M |
| Net Change in Cash | 2.92M | 17.63M | 26.12M | 12.68M | -146.1M | 42.17M | -41.39M | 5.59M | 15.56M | 40.38M | -30.56M | 26.96M | 19.41M | -23.34M | -26.5M | 9.64M | -4.46M | 11.75M | 11.44M | 15.09M |
| Free Cash Flow | 48.49M | 38.22M | 54.55M | 25.66M | 33.83M | 34.35M | 48.09M | 24.38M | 30.53M | 28.49M | 38.14M | 29.53M | 16.37M | 17.58M | 33.99M | 28.6M | -8K | 27.3M | 20.08M | 27.58M |
| FCF Margin % | 25.24% | 19.84% | 28.73% | 13.69% | 18.64% | 20.1% | 29.38% | 15.87% | 20.41% | 19.65% | 28.12% | 22.64% | 13.01% | 14.41% | 29.69% | 26.2% | -0.01% | 26.57% | 20.51% | 29.17% |
| FCF Growth % | 43.32% | 11.27% | 13.44% | 5.23% | 10.82% | 20.55% | 26.07% | -17.43% | 86.51% | 62.04% | 12.2% | 3.25% | 204725% | -35.6% | 69.29% | 3.71% | -100.04% | 49.98% | -21.22% | 55.83% |
| FCF per Share | 1.30 | 1.01 | 1.44 | 0.67 | 0.89 | 0.91 | 1.27 | 0.65 | 0.81 | 0.76 | 1.01 | 0.79 | 0.44 | 0.48 | 0.92 | 0.78 | -0.00 | 0.73 | 0.54 | 0.75 |
| FCF Conversion (FCF/Net Income) | 2.82x | 1.78x | 2.37x | 1.64x | 1.80x | 2.31x | 2.27x | 1.63x | 1.89x | 1.72x | 2.60x | 2.32x | 1.41x | 1.48x | 2.50x | 3.02x | 0.34x | 2.45x | 2.35x | 3.25x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |