SPS Commerce, Inc. logo SPSC - SPS Commerce, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
2
BUY 8
HOLD 13
SELL 0
STRONG
SELL
0
| PRICE TARGET: $68.71 DETAILS
HIGH: $86.00
LOW: $60.00
MEDIAN: $70.00
CONSENSUS: $68.71
UPSIDE: 27.90%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4
Revenue
Revenue 192.1 192.7 189.9 187.4 181.5 170.9 163.7 153.6 149.6 145.0 135.7 130.4 125.9 122.0 114.5 109.2 105.2 102.8 97.9 94.5 90.1 83.3 79.6 75.6 74.2 72.7 70.9 68.5 66.9 65.2 62.9 61.1 59.1 58.2 56.1 54.3 51.9 51.1 49.3 47.4 45.6 42.3 40.4 38.8 37.0 35.4 32.5 31.1 28.9 28.0 27.0 25.7 23.8 22.5 20.3 17.8 16.5 15.9 15.5 13.9 12.6 11.9 11.5 10.9 10.2 10.0 9.6 9.6 8.5 8.1
Cost of Revenue 68.5 66.5 57.9 59.8 56.9 55.6 51.6 56.9 55.8 54.0 45.5 44.5 43.0 41.5 38.6 37.5 35.4 35.6 34.3 31.7 30.0 26.9 25.0 24.3 23.5 23.9 23.3 23.7 21.4 21.2 20.4 20.4 19.8 19.5 18.6 18.2 17.3 17.3 16.2 16.0 14.9 13.4 12.7 12.3 11.6 11.1 10.0 9.6 9.3 8.5 8.2 7.9 7.1 6.8 5.9 4.8 4.4 4.2 4.1 3.8 3.3 3.3 3.2 3.1 3.0 3.0 3.0 2.9 2.8 2.6
Gross Profit 123.6 126.1 132.0 127.6 124.6 115.3 112.1 96.7 93.8 90.9 90.1 85.9 82.9 80.5 75.9 71.6 69.8 67.1 63.5 62.8 60.1 56.4 54.5 51.2 50.6 48.8 47.7 44.8 45.6 44.0 42.5 40.7 39.3 38.7 37.5 36.1 34.6 33.7 33.1 31.4 30.7 28.9 27.7 26.5 25.4 24.3 22.5 21.5 19.7 19.4 18.8 17.7 16.7 15.7 14.3 13.0 12.1 11.6 11.5 10.2 9.3 8.6 8.3 7.8 7.3 7.0 6.6 6.7 5.7 5.5
Operating Expenses
R&D Expenses 17.9 16.7 17.3 17.3 17.4 17.1 15.3 14.4 16.0 14.2 13.6 13.3 12.6 12.5 11.1 11.4 10.7 10.6 10.9 8.9 8.7 7.9 8.1 7.5 7.6 7.9 7.7 6.5 6.2 6.5 5.1 5.3 5.1 6.2 6.5 5.4 5.1 5.8 5.6 5.5 5.1 4.9 4.5 4.5 4.1 3.8 3.3 3.4 3.0 2.9 2.8 2.7 2.5 2.5 2.1 1.8 1.7 1.6 1.6 1.4 1.2 1.1 1.1 1.1 1.0 1.1 1.1 1.1 1.0 0.9
SG&A Expenses 81.1 74.7 74.0 74.3 72.7 65.6 64.7 59.2 62.3 53.8 52.2 52.0 49.8 45.2 42.1 41.8 40.1 38.8 36.8 37.7 36.1 33.3 31.2 31.4 30.2 28.8 27.7 27.7 30.7 28.3 28.1 28.4 28.8 32.0 27.0 26.9 24.9 24.1 23.7 23.8 23.2 20.4 20.1 20.2 19.6 18.2 17.2 16.4 15.4 15.1 14.6 13.9 13.3 12.2 11.6 10.1 9.6 9.4 9.3 8.7 7.6 7.0 6.3 6.1 5.2 5.2 5.0 4.9 4.7 4.7
Other Expenses 0 0 9.5 9.5 8.6 7.9 6.5 0 0 0 3.8 3.5 3.9 3.8 3.0 2.5 2.5 2.4 2.4 2.7 2.7 1.6 1.3 1.2 1.3 1.4 (0.2) 0.2 (0.0) (0.2) (0.2) (0.2) (0.2) 0.0 (0.2) (0.1) (0.1) (0.1) 0.9 (0.4) 0.3 0.1 (0.1) (0.1) (0.1) (0.4) (0.0) 0.0 (0.1) (0.1) 0.0 (0.0) (0.1) (0.1) 0 0 0 0.3 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 99.0 91.4 100.8 101.1 98.7 90.6 86.5 73.6 78.3 68.0 69.5 68.8 66.2 61.5 56.2 55.7 53.3 51.7 50.0 49.3 47.5 42.8 40.6 40.1 39.1 38.1 36.7 35.5 38.2 35.8 34.2 34.7 35.0 39.3 34.7 33.4 31.2 31.1 30.4 30.5 29.4 26.1 25.4 25.5 24.5 22.8 21.2 20.5 19.1 18.7 18.4 17.2 16.5 15.5 14.2 12.2 11.6 11.2 11.2 10.2 8.8 8.1 7.4 7.2 6.2 6.2 6.2 6.0 5.8 5.6
Operating Income
Operating Income 24.6 34.7 31.2 26.5 26.0 24.7 25.6 23.2 15.4 22.9 20.6 17.0 16.7 19.0 19.7 16.0 16.5 15.4 13.5 13.5 12.7 13.6 14.0 11.1 11.5 10.8 10.9 9.3 7.4 8.2 8.3 6.0 4.3 (0.5) 2.8 2.7 3.4 2.7 2.7 0.9 1.3 2.8 2.3 1.0 0.9 1.4 1.4 1.0 0.6 0.7 0.4 0.5 0.2 0.2 0.1 0.8 0.5 0.4 0.3 (0.0) 0.5 0.4 0.9 0.7 1.0 0.8 0.5 0.7 (0.1) (0.1)
Interest Expense 0 0 0 0 0 0 0 0 0 1.3 0 0 0 0 0.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1
Interest Income 1.2 0 1.1 0.7 1.8 2.2 2.7 2.8 2.9 2.3 2.6 1.6 0 0 0.6 0 0 0 0 0 0 0.1 0.1 0.2 0.6 0.7 0.8 0.8 0.6 0.7 0.6 0.5 0.4 0.3 0.3 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0 0 0 0 0 0 0
Profitability
EBITDA 39.7 51.3 47.3 41.0 39.5 37.3 36.7 32.7 24.4 32.5 29.1 25.2 25.2 27.3 26.9 22.4 22.8 21.6 19.6 19.7 19.1 18.8 18.5 17.0 16.0 15.2 15.1 13.3 11.3 11.5 11.3 9.1 7.5 2.5 5.8 5.6 6.3 5.6 5.5 3.7 4.1 5.2 4.7 3.4 3.3 3.7 3.4 3.2 2.6 (5.3) 2.6 2.4 0.2 1.9 1.5 0.8 0.5 (1.5) 1.1 0.1 0.5 0.8 1.3 1.1 1.4 0.7 0.8 1.1 0.4 0.4
EBIT 24.6 36.0 32.5 26.5 26.0 24.7 25.6 23.2 15.4 22.9 20.6 17.0 16.7 19.0 19.7 16.0 16.5 15.4 13.5 13.5 12.7 13.6 14.0 12.6 11.5 10.8 10.9 9.3 7.4 8.8 8.7 6.3 4.6 (0.5) 3.4 3.0 3.4 2.7 3.7 0.9 1.3 2.8 2.3 1.0 0.9 1.4 1.4 1.0 0.6 1.0 0.4 0.5 0.2 0.2 0.1 0.8 0.5 0.3 0.3 (0.0) 0.5 0.4 0.9 0.7 1.0 0.3 0.5 0.7 0.0 (0.1)
Income Before Tax 26.0 36.0 32.5 27.2 28.2 24.4 29.3 27.2 18.5 26.3 22.3 18.9 18.0 20.8 19.0 14.6 16.9 15.3 12.8 13.1 12.3 14.9 14.4 12.6 10.9 11.8 11.6 10.8 7.9 8.8 8.7 6.3 4.6 (0.2) 2.9 2.9 3.5 2.7 3.7 0.7 1.8 3.0 2.2 1.0 0.8 1.1 1.4 1.1 0.6 0.7 0.4 0.5 0.1 0.2 0.1 0.7 0.4 0.3 0.3 (0.0) 0.5 0.4 0.9 0.7 1.0 0.2 0.4 0.7 (0.0) (0.2)
Income Tax Expense 6.2 10.1 6.9 7.5 6.0 6.8 5.9 9.2 0.5 7.3 5.5 4.2 2.7 4.9 3.1 3.9 4.3 2.5 1.4 3.0 2.1 1.4 3.0 1.4 1.3 2.6 2.7 2.0 1.0 1.6 0.6 0.9 1.3 8.9 1.1 1.0 0.5 0.9 1.2 0.3 0.7 0.9 1.0 0.4 0.3 0.2 0.5 0.5 0.2 0.4 0.2 0.2 (0.1) (0.2) (0.1) 0.3 0.2 (12.8) 0.1 0.1 0.0 (0.0) (0.0) 0.0 0.1 0.0 0.0 0 0.0 0.1
Net Income 19.7 25.8 25.6 19.7 22.2 17.6 23.5 18.0 18.0 19.0 16.8 14.7 15.3 15.9 15.9 10.8 12.6 12.8 11.4 10.2 10.2 13.5 11.4 11.2 9.5 9.2 8.9 8.8 6.8 7.1 8.1 5.4 3.3 (9.1) 1.9 1.8 3.0 1.8 2.5 0.4 1.0 2.1 1.3 0.7 0.6 0.9 0.8 0.6 0.4 0.3 0.3 0.3 0.2 0.4 0.2 0.4 0.3 13.1 0.2 (0.1) 0.5 0.4 0.9 0.6 0.9 0.2 0.3 0.7 (0.1) (0.3)
Per Share Data
EPS (Basic) 0.53 0.69 0.67 0.52 0.58 0.47 0.63 0.49 0.49 0.52 0.46 0.40 0.42 0.44 0.44 0.30 0.35 0.35 0.32 0.28 0.29 0.38 0.32 0.32 0.27 0.26 0.26 0.25 0.19 0.21 0.23 0.16 0.10 -0.27 0.05 0.05 0.09 0.05 0.07 0.01 0.03 0.06 0.04 0.02 0.02 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.54 0.01 -0.00 0.02 0.02 0.04 0.04 1.41 0.33 0.52 0.99 -0.31 -0.44
EPS (Diluted) 0.53 0.68 0.67 0.52 0.58 0.46 0.62 0.48 0.48 0.51 0.45 0.39 0.41 0.43 0.43 0.29 0.34 0.34 0.31 0.28 0.28 0.37 0.31 0.31 0.26 0.25 0.25 0.24 0.19 0.20 0.23 0.15 0.09 -0.26 0.05 0.05 0.09 0.05 0.07 0.01 0.03 0.06 0.04 0.02 0.02 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.51 0.01 -0.00 0.02 0.02 0.04 0.03 0.05 0.01 0.02 0.04 -0.31 -0.01
Shares Outstanding 37.4 37.7 37.9 38.0 38.0 37.6 37.4 37.1 37.0 36.8 36.7 36.6 36.4 36.2 36.1 36.1 36.1 36.1 36.0 35.9 35.8 35.5 35.3 35.0 35.1 35.2 35.0 35.0 34.9 34.6 34.4 34.3 34.2 34.3 34.4 34.4 34.3 34.1 34.0 33.8 33.6 33.4 33.2 33.1 32.9 32.6 32.5 32.4 32.3 31.2 30.4 30.2 29.8 29.4 26.1 24.6 24.3 24.2 23.9 23.8 23.7 23.5 23.2 16.6 19.1 0.6 0.7 0.7 0.2 0.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4
Current Assets
Cash & Cash Equivalents 154.3 151.4 133.7 107.6 94.9 241.0 198.8 240.2 234.6 219.1 178.7 209.3 182.3 162.9 186.2 212.7 203.1 207.6 195.8 184.4 169.3 149.7 208.9 174.8 184.5 179.3 149.7 147.0 143.7 133.9 144.7 125.4 120.5 123.1 129.0 131.7 128.7 115.9 109.6 107.2 110.9 38.0 6.0 5.9
Short-Term Investments 0 0 0 0 0 0 6.9 31.6 56.2 56.4 60.6 60.9 51.1 51.4 50.9 46.5 40.0 49.8 56.2 49.0 39.2 37.8 52.3 50.8 30.1 34.3 51.4 51.7 41.7 44.5 44.7 47.4 45.3 40.2 34.9 26.9 25.6 23.1 15.6 21.0 10.0 0 0 0
Net Receivables 72.0 68.2 67.4 67.5 63.4 52.0 55.6 55.4 52.1 46.8 45.1 45.0 43.4 39.4 36.8 40.1 38.8 34.6 35.3 37.9 35.3 35.5 30.3 34.2 30.3 31.5 29.4 30.7 28.3 27.5 27.3 28.2 25.9 24.9 24.2 21.5 22.7 20.7 21.4 20.4 20.4 5.0 5.1 4.8
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34.6 35.1 34.7 34.5 33.1 32.2 31.3 25.1 23.3 21.9 20.9 19.2 18.6 17.3 15.8 0 0 0
Other Current Assets 102.5 49.1 114.5 94.3 93.5 88.9 83.3 79.8 77.3 79.2 75.3 69.8 69.5 69.1 65.3 66.2 69.6 60.6 55.9 51.9 53.2 10.4 45.5 44.2 45.0 46.6 43.0 43.4 43.5 43.7 39.7 39.0 37.0 31.2 29.2 28.9 27.9 26.2 26.0 24.8 21.3 4.6 4.3 4.1
Total Current Assets 328.7 268.6 315.6 269.4 251.8 381.9 344.6 406.9 420.3 401.4 359.7 385.0 346.4 322.8 339.3 365.5 351.5 352.4 343.3 323.2 296.9 233.4 337.0 304.0 289.9 291.6 273.5 272.8 257.2 249.6 256.4 239.9 228.8 219.5 217.2 209.1 204.8 185.9 172.6 173.4 162.7 48.5 17.4 16.3
Non-Current Assets
Property, Plant & Equipment 51.0 48.1 48.2 47.5 47.1 45.7 44.6 42.2 42.3 43.9 44.5 43.2 43.5 44.6 42.7 41.6 42.5 42.8 43.7 42.4 41.9 42.0 39.1 40.3 39.2 39.5 34.4 34.6 35.9 21.0 19.4 18.1 17.3 16.9 15.6 15.5 15.1 15.3 14.8 13.9 14.0 3.0 2.3 2.5
Goodwill 540.8 541.7 543.0 543.5 533.9 399.2 423.5 268.9 248.8 249.2 252.0 202.8 199.0 197.3 165.9 143.0 144.2 143.7 134.7 135.4 135.3 134.9 76.5 75.9 74.5 76.8 76.4 70.3 70.1 69.7 50.5 50.4 51.0 51.6 51.8 50.8 50.3 49.8 51.0 50.9 50.9 1.2 1.2 1.2
Intangible Assets 206.1 215.8 225.3 237.1 252.3 181.3 168.1 107.5 99.3 107.3 103.6 77.6 84.5 88.4 70.7 53.6 56.2 58.6 52.5 55.0 57.6 60.2 18.6 19.8 20.9 22.7 23.8 20.4 21.6 22.7 13.5 14.4 15.6 16.5 17.7 18.5 19.4 19.8 21.3 22.5 23.8 0.3 0.3 0.3
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15.2 0 0 2.5 2.5 2.5 7.6 0 0 11.0 10.4 11.2 11.0 4.9 4.9 2.5 5.2 2.5 5.0 2.5 7.5 12.5 7.6 12.5 0 0 0
Other Non-Current Assets 34.0 95.1 26.1 22.9 23.3 22.6 22.0 21.7 21.7 21.5 20.7 20.3 20.1 19.6 18.3 18.9 18.8 3.0 17.0 16.2 15.5 53.3 13.8 13.1 13.6 14.2 2.6 2.5 1.6 1.7 12.3 11.9 11.8 8.3 7.6 7.5 7.4 7.6 8.0 7.9 6.4 1.7 1.8 1.7
Total Non-Current Assets 832.5 901.2 843.1 851.7 857.2 649.3 658.7 447.6 419.6 422.4 427.7 350.6 350.5 350.1 297.8 257.2 261.8 263.4 248.0 249.1 253.0 293.1 150.7 157.7 150.0 155.8 153.1 145.8 149.9 136.5 112.0 111.8 110.8 116.1 121.8 124.8 123.1 112.4 119.7 114.3 119.1 6.2 5.5 5.7
Total Assets 1,161.2 1,169.9 1,158.7 1,121.1 1,109.0 1,031.2 1,003.3 854.5 839.8 823.8 787.4 735.5 696.9 672.9 637.1 622.8 613.3 615.8 591.3 572.3 549.8 526.5 487.7 461.7 439.8 447.4 426.6 418.6 407.2 386.1 368.5 351.7 339.6 335.5 339.0 333.9 327.9 298.4 292.3 287.8 281.7 54.7 22.9 21.9
Current Liabilities
Account Payables 14.5 13.8 12.7 11.6 11.3 8.6 8.1 5.9 12.3 7.4 6.2 6.2 5.3 11.3 8.2 4.4 4.7 8.3 3.8 5.9 5.1 5.4 5.0 4.3 4.6 4.3 4.4 3.7 4.4 4.4 3.9 3.7 3.5 4.5 3.1 2.7 3.6 2.3 2.4 3.6 3.9 1.0 1.2 1.3
Short-Term Debt 0 4.4 5.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.7 0 0 0 0 3.3 3.5 3.5 0 0 0 0 0 0 0 0 0 0 0 0 0.3 2.5 2.0
Deferred Revenue 80.4 75.6 77.6 79.2 78.6 74.3 78.9 76.4 73.7 69.2 71.9 66.4 62.9 57.4 58.9 59.1 56.8 50.4 49.2 48.8 44.5 37.9 35.6 36.3 34.9 31.5 30.4 30.4 28.9 25.3 24.9 24.2 21.6 16.4 16.2 16.6 15.8 11.1 12.2 12.3 11.3 3.7 3.6 3.5
Other Current Liabilities 58.2 13.1 51.8 38.7 40.7 59.3 46.0 32.2 33.0 41.6 41.5 28.6 26.4 7.5 28.8 25.9 21.9 8.3 31.0 27.5 20.4 9.3 19.4 16.9 13.1 22.3 14.4 12.4 8.5 6.3 5.4 6.1 5.4 17.6 5.6 5.3 6.0 5.1 3.8 13.4 12.4 0 0 3.0
Total Current Liabilities 154.9 154.4 160.0 148.0 153.4 146.7 146.3 128.5 134.2 130.7 132.9 112.0 107.0 110.6 105.5 101.2 94.4 102.9 94.9 91.4 83.4 80.1 70.4 66.7 61.9 68.0 60.5 58.4 53.4 56.5 49.7 48.4 42.1 43.1 37.6 37.9 37.6 32.2 30.2 33.1 30.6 9.4 11.4 11.3
Non-Current Liabilities
Long-Term Debt 0 2.8 4.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2
Deferred Tax Liabilities 33.8 33.2 30.2 12.5 20.3 15.5 11.6 7.0 7.5 9.0 10.3 5.8 7.0 7.4 4.8 5.0 6.9 7.1 4.0 3.4 3.1 2.9 2.9 1.0 1.0 1.2 1.2 1.2 1.3 1.4 1.6 1.7 1.8 1.9 2.1 2.0 1.9 1.9 2.4 2.4 2.4 0 65.8 0.1
Other Non-Current Liabilities 0.3 (2.6) (3.7) 0.3 2.6 0.2 0.6 0.7 0.2 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 1.0 1.0 1.4 6.7 4.0 4.3 4.7 3.1 3.5 3.9 3.9 4.2 3.9 4.1 4.5 0.3 (64.8) 66.6
Total Non-Current Liabilities 44.1 41.6 39.7 23.4 34.7 29.9 27.6 22.6 22.7 25.7 27.7 22.6 24.1 25.2 24.0 24.5 27.4 28.7 25.8 26.1 25.9 25.6 22.4 21.6 22.7 24.5 21.0 21.9 23.1 10.6 8.2 8.6 9.1 15.6 16.2 16.9 16.9 16.9 17.2 17.8 17.8 4.7 71.0 71.1
Total Liabilities 199.0 196.0 199.7 171.3 188.1 176.5 173.9 151.1 156.9 156.4 160.6 134.6 131.0 135.8 129.4 125.8 121.8 131.6 120.8 117.5 109.3 105.7 92.7 88.4 84.6 92.6 81.5 80.3 76.5 67.1 57.9 57.0 51.2 58.7 53.8 54.8 54.5 49.1 47.5 50.9 48.3 14.1 82.4 82.4
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Retained Earnings 449.2 429.4 403.6 378.0 358.3 336.1 318.5 295.1 277.0 259.0 240.0 223.2 208.5 193.2 177.3 161.4 150.7 138.1 125.3 113.9 103.7 93.5 80.0 68.6 57.4 49.0 39.8 30.9 22.1 15.3 8.1 0.1 (5.4) (19.9) (10.8) (12.7) (14.5) (33.7) (35.5) (38.1) (38.4) (64.1) (64.7) (65.7)
Accumulated Other Comprehensive Income (1.7) (0.4) (0.9) 0.7 (7.5) (9.7) (1.2) (4.4) (3.2) 0.2 (4.7) (1.8) (3.5) (3.4) (4.7) (2.5) (0.7) (1.4) (1.6) (0.6) (0.8) (1.0) (2.9) (3.8) (5.8) (2.0) (3.1) (2.2) (2.5) (3.2) (1.4) (1.6) (0.4) 0.7 1.0 (0.9) (1.8) (3.3) (1.2) (1.6) (0.8) 0 0 (8.3)
Total Stockholders' Equity 962.2 973.9 958.9 949.8 920.9 854.7 829.4 703.4 683.0 667.5 626.8 601.0 565.9 537.1 507.7 497.0 491.5 484.3 470.5 454.7 440.5 420.7 394.9 373.3 355.2 354.9 345.1 338.3 330.7 319.0 310.6 294.7 288.4 276.8 285.2 279.0 273.4 249.3 244.8 236.8 233.4 40.6 (59.5) (60.5)
Total Liabilities & Equity 1,161.2 1,169.9 1,158.7 1,121.1 1,109.0 1,031.2 1,003.3 854.5 839.8 823.8 787.4 735.5 696.9 672.9 637.1 622.8 613.3 615.8 591.3 572.3 549.8 526.5 487.7 461.7 439.8 447.4 426.6 418.6 407.2 386.1 368.5 351.7 339.6 335.5 339.0 333.9 327.9 298.4 292.3 287.8 281.7 54.7 22.9 21.9
Debt Metrics
Total Debt 6.6 10.0 13.7 10.8 12.3 12.5 13.2 12.3 12.9 14.0 15.0 15.1 16.1 17.3 18.3 18.6 19.7 20.5 20.6 21.7 22.2 24.4 21.1 22.1 22.8 23.9 19.5 20.4 21.2 0 0 0 0 0 0 0 0 0 0 0 0 0.3 2.6 2.7
Net Debt (147.7) (141.3) (120.1) (96.8) (82.7) (228.5) (185.7) (227.9) (221.7) (205.1) (163.7) (194.1) (166.2) (145.6) (167.9) (194.1) (183.4) (187.0) (175.2) (162.7) (147.1) (125.3) (187.8) (152.7) (161.7) (155.4) (130.2) (126.7) (122.5) (133.9) (144.7) (125.4) (120.5) (123.1) (129.0) (131.7) (128.7) (115.9) (109.6) (107.2) (110.9) (37.6) (3.4) (3.2)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 19.7 25.8 25.6 19.7 22.2 17.6 23.5 18.0 18.0 19.0 16.8 14.7 15.3 15.9 15.9 10.8 12.6 12.8 11.4 10.2 10.2 13.5 11.4 11.2 9.5 9.2 8.9 8.8 6.8 7.1 8.1 5.4 3.3 (9.1) 1.9 1.8 3.0 1.8 2.5 0.4 1.0
Depreciation & Amortization 15.2 15.4 14.8 14.5 13.5 12.6 11.1 9.5 9.0 9.7 8.5 8.1 8.5 8.3 7.2 6.4 6.3 6.2 6.1 6.2 6.4 5.2 4.5 4.5 4.5 4.4 4.1 4.0 3.9 3.3 3.1 3.1 3.2 3.1 3.0 2.9 2.9 2.9 2.8 2.8 2.8
Stock-Based Compensation 18.1 0 14.5 15.0 13.9 12.3 10.8 11.5 20.0 9.4 11.4 12.9 11.8 7.8 8.0 8.7 9.0 6.3 6.8 7.5 6.9 4.7 4.9 5.0 4.3 3.4 3.1 2.9 5.3 2.5 3.3 3.2 3.5 5.9 2.3 2.2 2.3 2.0 2.0 2.1 1.9
Change in Working Capital (1.4) (14.4) (14.9) (17.8) (7.2) (4.9) 7.2 (10.3) (6.9) (9.5) 8.3 (0.1) (10.5) (7.4) 8.3 7.0 (24.5) 2.4 0.6 7.3 (3.4) (1.5) 3.7 (1.0) (5.6) 0.7 1.6 1.7 (7.2) 2.8 (0.3) 0.3 (2.0) (0.0) (4.3) (0.9) 1.6 2.2 (4.8) (3.8) 1.5
Other Non-Cash Items 3.4 12.7 2.1 2.4 2.0 2.9 2.6 1.8 1.0 2.4 2.1 1.9 1.7 0.6 0.3 1.5 1.1 0.8 1.3 1.7 1.3 1.3 1.3 1.7 1.3 1.0 0.7 0.3 0.5 0.8 0.8 0.4 0.4 0.3 0.5 0.6 0.3 0.4 (0.6) 0.6 (0.1)
Operating Cash Flow 55.6 45.9 60.6 32.3 40.0 40.6 53.3 29.4 34.1 32.8 43.8 34.0 21.6 23.6 39.7 32.4 4.3 31.3 26.9 33.1 21.6 23.0 28.7 22.1 14.7 20.8 21.3 19.5 10.2 17.5 15.3 12.9 9.3 9.1 4.1 7.5 10.4 8.4 1.6 1.9 6.9
Investing Activities
Capital Expenditure (7.1) (7.7) (6.1) (6.7) (6.2) (6.2) (5.2) (5.1) (3.5) (4.3) (5.7) (4.5) (5.3) (6.0) (5.7) (3.8) (4.4) (4.0) (6.8) (5.5) (3.3) (4.8) (3.2) (4.4) (4.0) (5.2) (3.0) (2.5) (2.9) (3.9) (3.4) (2.6) (3.9) (2.0) (1.9) (2.0) (1.3) (2.0) (2.9) (1.0) (2.1)
Acquisitions 0 0 0 (1.0) (141.6) (0.5) (118.1) (29.3) 0 (5.1) (70.2) 0 0 (46.5) 0 0 0 0 0 0 0 (98.7) 0 0 0 11.5 (11.5) 0 0 (26.9) 0 0 (0.4) 0 0 0 (0.5) 0.0 0 (0.1) (17.9)
Purchases of Investments 0 0 0 0 0 0 (6.8) (34.6) (44.4) (31.2) (34.2) (34.2) (34.3) (26.2) (19.7) (59.6) (55.0) (37.2) (40.0) (30.0) (14.0) (7.2) (12.5) (42.7) (12.5) (11.7) (17.4) (32.1) (12.4) (17.2) (12.3) (32.2) (19.9) (18.1) (7.5) (17.4) (5.0) (5.0) (9.6) (6.0) (2.5)
Sales/Maturities of Investments 0 0 0 0 0 6.5 31.8 60 45 36.3 35 25 35 26.4 15 52.5 65 43.7 32.5 22.5 12.5 22.2 16.2 15.2 15.9 29.2 17.5 22.5 15.2 22.2 15 27.5 17.5 10 2.0 13.5 7.5 2.5 10 0 2.5
Other Investing Activities 0 0 0 0 0 0 0 0 0 5.1 0 0 0 0 (44.9) 0 0 (17.1) 0 0 0 0 0 0 0 (11.5) 0.1 (9.6) 2.8 5.0 2.7 (4.7) (2.4) (8.1) (5.4) (3.9) 2.5 (2.5) 0.4 (6.0) 0.0
Investing Cash Flow (7.1) (7.7) (6.1) (7.7) (147.8) (0.2) (98.3) (9.0) (2.9) 0.8 (75.1) (13.8) (4.6) (52.2) (55.3) (11.0) 5.7 (14.6) (14.3) (13.0) (4.8) (88.5) 0.5 (31.9) (0.6) 12.3 (14.5) (12.1) (0.1) (25.8) (0.7) (7.3) (6.7) (10.1) (7.3) (5.9) 0.7 (4.5) (2.5) (7.1) (20.1)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (47.1) (24.7) (30.0) (19.6) (40) 0 (0.1) (20.9) (16.5) 0 0 0 0 (0.5) (12.5) (15.0) (15.2) (9.8) (4.2) (6.5) 0 0 0 (7.0) (12) (5.7) (6) (6) (3.0) (6.0) (2.0) (6.0) (5.9) (5.8) 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 9.6 0 0 1.0 0 2.3 5.9 1.7 (2) 0 0 2.4 5.5 2.0 3.4 0.7 4.8 3.1 1.4 (0.2) 0 0 7.2 3.1 2.0 2.0 2.0 2.5 3.5 6.7 5.2 0.7 (1.0) 0.1 1.2 1.0 3.1 3.1 1.9 2.1
Financing Cash Flow (45.9) (20.7) (28.4) (12.8) (39.0) 4.7 2.3 (15.1) (14.9) 6.0 1.1 6.5 2.4 5.0 (10.5) (11.6) (14.6) (5.0) (1.1) (5.0) 2.7 6.2 4.8 0.3 (8.9) (3.6) (4.0) (4.0) (0.5) (2.5) 4.7 (0.8) (5.2) (4.8) 0.1 1.2 1.0 3.1 3.1 1.9 2.1
Cash Position
Net Change in Cash 2.9 17.6 26.1 12.7 (146.1) 42.2 (41.4) 5.6 15.6 40.4 (30.6) 27.0 19.4 (23.3) (26.5) 9.6 (4.5) 11.7 11.4 15.1 19.6 (59.2) 34.1 (9.6) 5.2 29.5 2.7 3.3 9.9 (10.9) 19.4 4.8 (2.6) (5.9) (2.8) 3.0 12.8 6.2 2.5 (3.7) (10.6)
Cash at Beginning 151.4 133.7 107.6 94.9 241.0 198.8 240.2 234.6 219.1 178.7 209.3 182.3 162.9 186.2 212.7 203.1 207.6 195.8 184.4 169.3 149.7 208.9 174.8 184.5 179.3 149.7 147.0 143.7 133.9 144.7 125.4 120.5 123.1 129.0 131.7 128.7 115.9 109.6 107.2 110.9 121.5
Cash at End 154.3 151.4 133.7 107.6 94.9 241.0 198.8 240.2 234.6 219.1 178.7 209.3 182.3 162.9 186.2 212.7 203.1 207.6 195.8 184.4 169.3 149.7 208.9 174.8 184.5 179.3 149.7 147.0 143.7 133.9 144.7 125.4 120.5 123.1 129.0 131.7 128.7 115.9 109.6 107.2 110.9
Free Cash Flow 48.5 38.2 54.6 25.7 33.8 34.3 48.1 24.4 30.5 28.5 38.1 29.5 16.4 17.6 34.0 28.6 (0.0) 27.3 20.1 27.6 18.3 18.2 25.5 17.7 10.7 15.6 18.3 17.0 7.3 13.6 11.9 10.3 5.5 7.0 2.2 5.5 9.1 6.4 (1.3) 0.9 4.8
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4
Income Statement
Revenue 192.1 192.7 189.9 187.4 181.5 170.9 163.7 153.6 149.6 145.0 135.7 130.4 125.9 122.0 114.5 109.2 105.2 102.8 97.9 94.5 90.1 83.3 79.6 75.6 74.2 72.7 70.9 68.5 66.9 65.2 62.9 61.1 59.1 58.2 56.1 54.3 51.9 51.1 49.3 47.4 45.6 42.3 40.4 38.8 37.0 35.4 32.5 31.1 28.9 28.0 27.0 25.7 23.8 22.5 20.3 17.8 16.5 15.9 15.5 13.9 12.6 11.9 11.5 10.9 10.2 10.0 9.6 9.6 8.5 8.1
Gross Profit 123.6 126.1 132.0 127.6 124.6 115.3 112.1 96.7 93.8 90.9 90.1 85.9 82.9 80.5 75.9 71.6 69.8 67.1 63.5 62.8 60.1 56.4 54.5 51.2 50.6 48.8 47.7 44.8 45.6 44.0 42.5 40.7 39.3 38.7 37.5 36.1 34.6 33.7 33.1 31.4 30.7 28.9 27.7 26.5 25.4 24.3 22.5 21.5 19.7 19.4 18.8 17.7 16.7 15.7 14.3 13.0 12.1 11.6 11.5 10.2 9.3 8.6 8.3 7.8 7.3 7.0 6.6 6.7 5.7 5.5
Operating Income 24.6 34.7 31.2 26.5 26.0 24.7 25.6 23.2 15.4 22.9 20.6 17.0 16.7 19.0 19.7 16.0 16.5 15.4 13.5 13.5 12.7 13.6 14.0 11.1 11.5 10.8 10.9 9.3 7.4 8.2 8.3 6.0 4.3 (0.5) 2.8 2.7 3.4 2.7 2.7 0.9 1.3 2.8 2.3 1.0 0.9 1.4 1.4 1.0 0.6 0.7 0.4 0.5 0.2 0.2 0.1 0.8 0.5 0.4 0.3 (0.0) 0.5 0.4 0.9 0.7 1.0 0.8 0.5 0.7 (0.1) (0.1)
Net Income 19.7 25.8 25.6 19.7 22.2 17.6 23.5 18.0 18.0 19.0 16.8 14.7 15.3 15.9 15.9 10.8 12.6 12.8 11.4 10.2 10.2 13.5 11.4 11.2 9.5 9.2 8.9 8.8 6.8 7.1 8.1 5.4 3.3 (9.1) 1.9 1.8 3.0 1.8 2.5 0.4 1.0 2.1 1.3 0.7 0.6 0.9 0.8 0.6 0.4 0.3 0.3 0.3 0.2 0.4 0.2 0.4 0.3 13.1 0.2 (0.1) 0.5 0.4 0.9 0.6 0.9 0.2 0.3 0.7 (0.1) (0.3)
EPS (Diluted) 0.53 0.68 0.67 0.52 0.58 0.46 0.62 0.48 0.48 0.51 0.45 0.39 0.41 0.43 0.43 0.29 0.34 0.34 0.31 0.28 0.28 0.37 0.31 0.31 0.26 0.25 0.25 0.24 0.19 0.20 0.23 0.15 0.09 -0.26 0.05 0.05 0.09 0.05 0.07 0.01 0.03 0.06 0.04 0.02 0.02 0.03 0.03 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.51 0.01 -0.00 0.02 0.02 0.04 0.03 0.05 0.01 0.02 0.04 -0.31 -0.01
Balance Sheet
Cash & Equivalents 154.3 151.4 133.7 107.6 94.9 241.0 198.8 240.2 234.6 219.1 178.7 209.3 182.3 162.9 186.2 212.7 203.1 207.6 195.8 184.4 169.3 149.7 208.9 174.8 184.5 179.3 149.7 147.0 143.7 133.9 144.7 125.4 120.5 123.1 129.0 131.7 128.7 115.9 109.6 107.2 110.9 38.0 6.0 5.9
Total Assets 1,161.2 1,169.9 1,158.7 1,121.1 1,109.0 1,031.2 1,003.3 854.5 839.8 823.8 787.4 735.5 696.9 672.9 637.1 622.8 613.3 615.8 591.3 572.3 549.8 526.5 487.7 461.7 439.8 447.4 426.6 418.6 407.2 386.1 368.5 351.7 339.6 335.5 339.0 333.9 327.9 298.4 292.3 287.8 281.7 54.7 22.9 21.9
Total Debt 6.6 10.0 13.7 10.8 12.3 12.5 13.2 12.3 12.9 14.0 15.0 15.1 16.1 17.3 18.3 18.6 19.7 20.5 20.6 21.7 22.2 24.4 21.1 22.1 22.8 23.9 19.5 20.4 21.2 0 0 0 0 0 0 0 0 0 0 0 0 0.3 2.6 2.7
Stockholders' Equity 962.2 973.9 958.9 949.8 920.9 854.7 829.4 703.4 683.0 667.5 626.8 601.0 565.9 537.1 507.7 497.0 491.5 484.3 470.5 454.7 440.5 420.7 394.9 373.3 355.2 354.9 345.1 338.3 330.7 319.0 310.6 294.7 288.4 276.8 285.2 279.0 273.4 249.3 244.8 236.8 233.4 40.6 (59.5) (60.5)
Cash Flow
Operating Cash Flow 55.6 45.9 60.6 32.3 40.0 40.6 53.3 29.4 34.1 32.8 43.8 34.0 21.6 23.6 39.7 32.4 4.3 31.3 26.9 33.1 21.6 23.0 28.7 22.1 14.7 20.8 21.3 19.5 10.2 17.5 15.3 12.9 9.3 9.1 4.1 7.5 10.4 8.4 1.6 1.9 6.9
Capital Expenditure (7.1) (7.7) (6.1) (6.7) (6.2) (6.2) (5.2) (5.1) (3.5) (4.3) (5.7) (4.5) (5.3) (6.0) (5.7) (3.8) (4.4) (4.0) (6.8) (5.5) (3.3) (4.8) (3.2) (4.4) (4.0) (5.2) (3.0) (2.5) (2.9) (3.9) (3.4) (2.6) (3.9) (2.0) (1.9) (2.0) (1.3) (2.0) (2.9) (1.0) (2.1)
Free Cash Flow 48.5 38.2 54.6 25.7 33.8 34.3 48.1 24.4 30.5 28.5 38.1 29.5 16.4 17.6 34.0 28.6 (0.0) 27.3 20.1 27.6 18.3 18.2 25.5 17.7 10.7 15.6 18.3 17.0 7.3 13.6 11.9 10.3 5.5 7.0 2.2 5.5 9.1 6.4 (1.3) 0.9 4.8