SPS Commerce, Inc.SPSCNASDAQ
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Research and development spending
3Y CAGR
+14.5%/yr
vs +20.0%/yr prior
5Y CAGR
+17.2%/yr
Consistent
Acceleration
-5.5pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.2x
Strong expansion
Streak
7 yr
Consecutive growthStrong
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $68.68M | +9.3% |
| 2024 | $62.81M | +17.1% |
| 2023 | $53.65M | +17.3% |
| 2022 | $45.75M | +17.2% |
| 2021 | $39.04M | +25.8% |
| 2020 | $31.02M | +9.6% |
| 2019 | $28.30M | +28.2% |
| 2018 | $22.09M | -4.7% |
| 2017 | $23.18M | +5.5% |
| 2016 | $21.98M | - |