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
DateValue
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