SPS Commerce, Inc. Overview
Pro stress-test →SPS Commerce provides cloud-based supply chain management solutions that help retailers, grocers, suppliers, manufacturers, distributors, and logistics firms manage omnichannel and supply chain business requirements. The platform automates order processing, inventory management and fulfillment workflows through EDI capabilities, improving data accuracy and accelerating order-to-cash cycles across retail, grocery, consumer goods and automotive industries.
Strategic Profile
Pro stress-test →The company achieved its 100th consecutive quarter of revenue growth, with 2025 full-year revenue of $751.5 million (up 18%) and adjusted EBITDA of $231.4 million (up 24%). SPS serves more than 50,000 recurring revenue customers and runs a profitable, cash-generating SaaS platform. However, the market has focused on moderating 2026 guidance projecting 6-7% revenue growth, reflecting headwinds from customer spend scrutiny and macro caution.
Competitive Landscape
Pro stress-test →SPS Commerce competes with enterprise software giants including Oracle, SAP and Manhattan Associates in supply chain and retail software markets. The company differentiates through its large existing retail network, recurring SaaS revenue model, and specialized focus on supply chain digitalization and EDI capabilities serving 50,000+ recurring customers.
Industry Context
SPS Commerce, Inc. operates in Cloud-Based Supply Chain Management and Retail Software.
Key facts
Founded: 1987 · Headquarters: Minneapolis, United States · Revenue: $751.5M · Market cap: $3.0B