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Dec 31, 2024
SPS Commerce Q4 2024 Earnings Report
Key Takeaways
SPS Commerce reported an 18% increase in revenue for Q4 2024, reaching $170.9 million. Recurring revenue saw a 19% year-over-year growth. Net income declined to $17.6 million ($0.46 per diluted share) from $19.0 million ($0.51 per share) in Q4 2023. However, non-GAAP EPS increased to $0.89 from $0.75. Adjusted EBITDA rose by 18% to $49.6 million.
Revenue by Segment
Forward Guidance
SPS Commerce expects revenue growth between 19% and 20% in Q1 FY25, with non-GAAP EPS projected between $0.82 and $0.84. Adjusted EBITDA is anticipated to range from $49.5 million to $50.5 million.
Positive Outlook
- Expected revenue growth of 19% to 20% for Q1 FY25.
- Projected non-GAAP EPS between $0.82 and $0.84.
- Strong recurring revenue trends continue.
- Maintained a high customer retention rate.
- Adjusted EBITDA projected to increase further.
Challenges Ahead
- GAAP net income projected to decline slightly in Q1 FY25.
- Stock-based compensation expected to remain high.
- Amortization and depreciation costs increasing.
- Foreign exchange fluctuations may impact financials.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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