SPS Commerce Inc
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. The company offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, manufacturers, distributors, and logistics firm; and manages omnichannel, supply chain, and other business requirements. It also provides Fulfillment, a comprehensive solut… Read more
SPS Commerce Inc (SPSC) - Total Assets
Latest total assets as of December 2025: $1.17 Billion USD
Based on the latest financial reports, SPS Commerce Inc (SPSC) holds total assets worth $1.17 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
SPS Commerce Inc - Total Assets Trend (2007–2025)
This chart illustrates how SPS Commerce Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
SPS Commerce Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
SPS Commerce Inc's total assets of $1.17 Billion consist of 23.0% current assets and 77.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 12.9% |
| Accounts Receivable | $68.17 Million | 5.8% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $215.81 Million | 18.5% |
| Goodwill | $541.72 Million | 46.3% |
Asset Composition Trend (2007–2025)
This chart illustrates how SPS Commerce Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: SPS Commerce Inc's current assets represent 23.0% of total assets in 2025, a decrease from 66.8% in 2007.
- Cash Position: Cash and equivalents constituted 12.9% of total assets in 2025, down from 23.5% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 64.0% of total assets, an increase from 10.0% in 2007.
- Asset Diversification: The largest asset category is goodwill at 46.3% of total assets.
SPS Commerce Inc Competitors by Total Assets
Key competitors of SPS Commerce Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
SPS Commerce Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - SPS Commerce Inc generates 0.64x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, SPS Commerce Inc generates $7.98 in net profit.
SPS Commerce Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.74 | 2.60 | 3.56 |
| Quick Ratio | 1.74 | 2.60 | 3.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $114.26 Million | $ 235.22 Million | $ 213.44 Million |
SPS Commerce Inc - Advanced Valuation Insights
This section examines the relationship between SPS Commerce Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.55 |
| Latest Market Cap to Assets Ratio | 1.92 |
| Asset Growth Rate (YoY) | 13.4% |
| Total Assets | $1.17 Billion |
| Market Capitalization | $2.25 Billion USD |
Valuation Analysis
Above Book Valuation: The market values SPS Commerce Inc's assets above their book value (1.92 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: SPS Commerce Inc's assets grew by 13.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for SPS Commerce Inc (2007–2025)
The table below shows the annual total assets of SPS Commerce Inc from 2007 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $1.17 Billion | +13.44% |
| 2024-12-31 | $1.03 Billion | +25.17% |
| 2023-12-31 | $823.84 Million | +22.43% |
| 2022-12-31 | $672.91 Million | +9.27% |
| 2021-12-31 | $615.85 Million | +16.98% |
| 2020-12-31 | $526.46 Million | +17.66% |
| 2019-12-31 | $447.44 Million | +15.88% |
| 2018-12-31 | $386.12 Million | +15.08% |
| 2017-12-31 | $335.52 Million | +12.45% |
| 2016-12-31 | $298.37 Million | +14.00% |
| 2015-12-31 | $261.73 Million | +7.37% |
| 2014-12-31 | $243.78 Million | +9.15% |
| 2013-12-31 | $223.33 Million | +40.28% |
| 2012-12-31 | $159.20 Million | +105.11% |
| 2011-12-31 | $77.62 Million | +34.10% |
| 2010-12-31 | $57.88 Million | +164.06% |
| 2009-12-31 | $21.92 Million | +14.18% |
| 2008-12-31 | $19.20 Million | -7.20% |
| 2007-12-31 | $20.69 Million | -- |