Sps Commerce (SPSC) Research & Development (2010 - 2026)
Sps Commerce's (SPSC) quarterly Research & Development came in at $43.9 million in Q2 2026, up 1.16% year-over-year from $43.4 million in Q2 2025, and down 1.78% quarter-over-quarter from $44.7 million in Q1 2026.
Analysis
Sps Commerce (SPSC) Research & Development (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported Research & Development for 17 consecutive years, with $43.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 1.16% year-over-year to $43.9 million in Q2 2026; TTM through Jun 2026 was $172.7 million, a 6.71% increase from a year earlier, with the FY2025 full-year figure at $169.1 million, up 13.57% from the prior year.
- Research & Development was $43.9 million for Q2 2026 at Sps Commerce, down from $44.7 million in the prior quarter.
- Over five years, Research & Development peaked at $44.7 million in Q1 2026 and troughed at $24.6 million in Q2 2022.
- A 5-year average of $35.1 million and a median of $36.1 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development climbed 25.27% in 2024 and rose 1.16% in 2026, its largest moves.
- Over 5 years, Research & Development stood at $27.2 million in 2022, then rose by 22.11% to $33.2 million in 2023, then climbed by 18.08% to $39.2 million in 2024, then rose by 6.43% to $41.7 million in 2025, then rose by 5.26% to $43.9 million in 2026.
- The last three Research & Development figures came in at $43.9 million (Q2 2026), $44.7 million (Q1 2026), and $41.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Samsara | 23.42 Bn | 22.61 Bn | 361.14 Mn | 203.60 Mn |
| 2 | Manhattan Associates | 12.46 Bn | 12.28 Bn | 168.33 Mn | 34.77 Mn |
| 3 | Descartes Systems | 6.79 Bn | 6.41 Bn | 150.18 Mn | 27.40 Mn |
| 4 | Sps Commerce | 3.00 Bn | 2.83 Bn | 138.79 Mn | 43.94 Mn |
| 5 | Via Transportation | 2.29 Bn | 1.96 Bn | 55.61 Mn | 26.11 Mn |
| 6 | Karooooo | 2.02 Bn | 1.93 Bn | 54.38 Mn | -3.62 Mn |
| 7 | Ituran Location & Control | 1.02 Bn | 928.36 Mn | 53.35 Mn | 5.54 Mn |
| 8 | Verra Mobility | 618.57 Mn | 563.77 Mn | 249.38 Mn | - |
| 9 | Powerfleet | 405.36 Mn | 378.73 Mn | 61.16 Mn | 4.36 Mn |
| 10 | ReposiTrak | 144.96 Mn | 116.26 Mn | 5.00 Mn | 1.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.94 Mn |
| Mar 31, 2026 | 44.73 Mn |
| Dec 31, 2025 | 41.74 Mn |
| Sep 30, 2025 | 42.32 Mn |
| Jun 30, 2025 | 43.43 Mn |
| Mar 31, 2025 | 41.63 Mn |
| Dec 31, 2024 | 39.22 Mn |
| Sep 30, 2024 | 37.58 Mn |
| Jun 30, 2024 | 35.69 Mn |
| Mar 31, 2024 | 36.43 Mn |
| Dec 31, 2023 | 33.21 Mn |
| Sep 30, 2023 | 30.29 Mn |
| Jun 30, 2023 | 30.35 Mn |
| Mar 31, 2023 | 29.08 Mn |
| Dec 31, 2022 | 27.20 Mn |
| Sep 30, 2022 | 25.33 Mn |
| Jun 30, 2022 | 24.58 Mn |
| Mar 31, 2022 | 24.66 Mn |
| Dec 31, 2021 | 22.66 Mn |
| Sep 30, 2021 | 22.08 Mn |