GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

SPSC · Jun 30, 2025

SPS COMMERCE INC. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 3[email protected]

Inspectable configuration

State dimensions

Filing0001092699-25-000049General Corporate

Capex intensityRAWCurrent state valid · history insufficient

Evidence method

Level · gp.fundamentals.capex_revenue_ratio

3.56% · OPTIONAL · NOT_ENOUGH_HISTORY

Operating cash generationRAWCurrent state valid · history insufficient

Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

17.25% · OPTIONAL · NOT_ENOUGH_HISTORY

Revenue growthRAWCurrent state valid · history insufficient

Evidence method

Yoy · gp.fundamentals.revenue

22.01% · CORE · NOT_ENOUGH_HISTORY

Gross marginRAWCurrent state valid · history insufficient

Evidence method

Level · gp.fundamentals.gross_margin

68.08% · CORE · NOT_ENOUGH_HISTORY

Operating marginRAWCurrent state valid · history insufficient

Evidence method

Level · gp.fundamentals.operating_margin

14.12% · CORE · NOT_ENOUGH_HISTORY

R&D intensityRAWCurrent state valid · history insufficient

Evidence method

Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue

9.22% · OPTIONAL · NOT_ENOUGH_HISTORY

SBC intensityRAWCurrent state valid · history insufficient

Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

8.00% · OPTIONAL · NOT_ENOUGH_HISTORY

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History11 statesHistory building

Dec 31, 20230/6 normalizedLevel 3 Mar 31, 20240/6 normalizedLevel 3 Jun 30, 20240/6 normalizedLevel 3 Sep 30, 20240/6 normalizedLevel 3 Dec 31, 20240/7 normalizedLevel 3 Mar 31, 20250/7 normalizedLevel 3 Jun 30, 20250/7 normalizedLevel 3 Sep 30, 20250/7 normalizedLevel 3 Dec 31, 20256/7 normalizedLevel 3 Mar 31, 20266/7 normalizedLevel 3 Jun 30, 20266/7 normalizedLevel 3

Period transition

What moved in the state?

Capex Intensity Increased

Previous: 3.39%
Current: 3.56%
Delta: 0.17%

Cash Generation Decreased

Previous: 22.02%
Current: 17.25%
Delta: -4.78%

Growth Increased

Previous: 21.38%
Current: 22.01%
Delta: 0.63%

Margin Decreased

Previous: 68.65%
Current: 68.08%
Delta: -0.58%

Profitability Decreased

Previous: 14.30%
Current: 14.12%
Delta: -0.17%

R And D Intensity Decreased

Previous: 9.61%
Current: 9.22%
Delta: -0.39%

Sbc Intensity Increased

Previous: 7.64%
Current: 8.00%
Delta: 0.37%

Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Not enough compatible prior states for a transparent self-history match.

Research Graph

Related governed research

Transitioned To · SPSC Fundamental State →Has State · SPS COMMERCE INC →Transitioned To · SPSC Fundamental State →Transitioned To · SPSC CAPEX_INTENSITY_INCREASED →Transitioned To · SPSC CASH_GENERATION_DECREASED →Transitioned To · SPSC GROWTH_INCREASED →Transitioned To · SPSC MARGIN_DECREASED →Transitioned To · SPSC PROFITABILITY_DECREASED →Transitioned To · SPSC R_AND_D_INTENSITY_DECREASED →Transitioned To · SPSC SBC_INTENSITY_INCREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.