Sps Commerce (SPSC) Research & Development (2010 - 2026)
Sps Commerce's (SPSC) quarterly Research & Development came in at $44.7 million in Q1 2026, up 7.45% year-on-year from $41.6 million in Q1 2025, and up 176.19% on a QoQ basis from -$58.7 million in Q4 2025.
Sps Commerce (SPSC) Research & Development (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 17 years of Research & Development data on file, last reported at $44.7 million in Q1 2026.
- On a quarterly basis, Research & Development rose 7.45% year-over-year to $44.7 million in Q1 2026; TTM through Mar 2026 was $20.6 million, a 86.65% decrease from a year earlier, with the FY2025 full-year figure at $68.7 million, down 53.88% from the prior year.
- Research & Development for Q1 2026 stood at $44.7 million, up from -$58.7 million in the prior quarter.
- Over the last five years, Research & Development for SPSC reached as high as $44.7 million in Q1 2026 and fell as low as -$58.7 million in Q4 2025.
- Historically, Research & Development has averaged $22.8 million across 5 years, with a median of $27.2 million in 2022.
- Across the five-year window, Research & Development soared 177.16% in 2024 and slumped 249.69% in 2025, its largest moves.
- Year by year, Research & Development stood at $27.2 million in 2022, then grew by 22.11% to $33.2 million in 2023, then gained by 18.08% to $39.2 million in 2024, then slumped by 249.69% to -$58.7 million in 2025, then soared by 176.19% to $44.7 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $44.7 million in Q1 2026, -$58.7 million in Q4 2025, and $17.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Sps Commerce | 2.37 Bn | 2.22 Bn | 132.90 Mn | 44.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.73 Mn |
| Dec 31, 2025 | -58.71 Mn |
| Sep 30, 2025 | 17.28 Mn |
| Jun 30, 2025 | 17.27 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 | 13.56 Mn |
| Jun 30, 2023 | 13.32 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 | 10.70 Mn |
| Dec 31, 2021 | 59.59 Mn |
| Sep 30, 2021 | 22.08 Mn |
| Jun 30, 2021 | 21.95 Mn |