Evidence method
Level · gp.fundamentals.capex_revenue_ratio
3.53% · OPTIONAL · VALID
GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME
SPSC · Dec 31, 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
Filing0001092699-26-000012General Corporate
Evidence method
Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
23.79% · OPTIONAL · VALID
Evidence method
Yoy · gp.fundamentals.revenue
17.83% · CORE · NOT_ENOUGH_HISTORY
Evidence method
Level · gp.fundamentals.gross_margin
69.18% · CORE · VALID
Evidence method
Level · gp.fundamentals.operating_margin
15.74% · CORE · VALID
Evidence method
Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue
9.14% · OPTIONAL · VALID
Evidence method
Level · gp.fundamentals.sbc_revenue_ratio
7.15% · OPTIONAL · VALID
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 3Mar 31, 20240/6 normalizedLevel 3Jun 30, 20240/6 normalizedLevel 3Sep 30, 20240/6 normalizedLevel 3Dec 31, 20240/7 normalizedLevel 3Mar 31, 20250/7 normalizedLevel 3Jun 30, 20250/7 normalizedLevel 3Sep 30, 20250/7 normalizedLevel 3Dec 31, 20256/7 normalizedLevel 3Mar 31, 20266/7 normalizedLevel 3Jun 30, 20266/7 normalizedLevel 3
Period transition
What moved in the state?
- Previous
- 3.19%
- Current
- 3.53%
- Delta
- 0.34%
- Previous
- 31.92%
- Current
- 23.79%
- Delta
- -8.13%
- Previous
- 16.02%
- Current
- 17.83%
- Delta
- 1.82%
- Previous
- 69.49%
- Current
- 69.18%
- Delta
- -0.32%
- Previous
- 16.42%
- Current
- 15.74%
- Delta
- -0.68%
- Previous
- 9.10%
- Current
- 9.14%
- Delta
- 0.04%
- Previous
- 7.61%
- Current
- 7.15%
- Delta
- -0.46%
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_INCREASED →Transitioned To · SPSC SBC_INTENSITY_DECREASED →
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.