SPS COMMERCE, INC. — Cash Flow Charts
12 quarters of history · ending 2026-03-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+39.1% +$16M
$56M
Free Cash Flow↑+43.3% +$15M
$48M
Investing Cash Flow↑+95.2% +$141M
$-7M
Financing Cash Flow↓-17.7% -$7M
$-46M
Capex↑+16.1% +$990K
$7M
Acquisitions↓-100.0% -$142M
$0
Stock Buybacks↑+17.8% +$7M
$47M
Stock-Based Comp↑+30.3% +$4M
$18M
D&A↑+17.7% +$877K
$6M
SBC Allocated Expense↑+30.3% +$4M
$18M
SBC Unrecognized Cost↑+14.4% +$15M
$117M