Is SPS Commerce Inc (SPSC) overvalued? · P/E 22, rev $637.8M
SPS Commerce Inc (SPSC) is a software - application company listed on NASDAQ.
This page asks whether SPS Commerce Inc (SPSC) looks expensive on cached numbers — not a short thesis.
Latest reported SPSC revenue for 2024-12-31 was $637.8M. Net income was $77.1M. Revenue was up 18.8% from 2023-12-31 to 2024-12-31. SPSC currently screens at market cap $1.94B and trailing P/E 21.9.
SPSC currently screens at market cap $1.94B and trailing P/E 21.9. A high multiple can be growth prepaid or a bubble. The filing has to explain the gap.
If the next SPSC 8-K cuts growth or raises capex, this “expensive” read gets worse. Until then the SEC page is the source.
Not investment advice. Use the SPSC stock page for the full model, not this heading.
Not investment advice.