Modular E-Commerce Storefront Systems · B2B SaaS Provider
SPS Commerce
Retail supply chain software built around EDI and network connectivity.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- SPS Commerce, Inc.
- Entity type
- COMPANY
- Founded
- 2001
- Headquarters
- United States
- Company size
- 1,001–5,000
- Market cluster / sector
- Modular E-Commerce Storefront Systems
- Market role
- B2B SaaS Provider
- Ticker
- SPSC
- Official website
- spscommerce.com
What SPS Commerce does
SPS Commerce operates a B2B SaaS model built around a networked retail supply chain platform. It creates value by standardising document exchange, partner onboarding, compliance, analytics, and related workflows across many trading relationships. The business benefits from a hub model: as more retailers, suppliers, and partners connect, the platform becomes more useful for onboarding new customers, integrating systems, and layering adjacent modules such as analytics, assortment, revenue recovery, and financing.
Category differentiation
SPS Commerce is not an advertising or martech platform; it is a B2B retail supply chain and EDI software company. It is best distinguished from generic ERP vendors and from pure integration middleware by its retailer trading partner network and compliance-led workflows.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
SPS Commerce is a US-listed B2B software company focused on retail supply chain connectivity, EDI, order and invoice automation, product data management, and supply chain analytics. Its core offering is a cloud platform that connects suppliers, retailers, distributors, manufacturers, and logistics providers through a large pre-connected trading partner network, helping customers exchange documents, meet partner compliance requirements, and automate fulfilment and financial workflows. The company primarily makes money from recurring software subscriptions, supplemented by onboarding, integration, compliance, and managed service fees. Its customer base is business users rather than consumers, including retail suppliers, brands, merchants, retailers, finance teams, procurement teams, IT and integration teams, manufacturers, and 3PLs. Recent acquisitions indicate expansion into deduction management, revenue recovery, and Amazon seller software beyond its historical EDI base.
Company news briefing
Briefing updated:
Building on its focus on supply chain digitisation and industry engagement through trade shows, SPS Commerce has reached an agreement to sell its 3P Revenue Recovery Business. The company is concurrently diversifying its market reach by expanding into the healthcare, home improvement, and private label sectors. This strategic growth is supported by the launch of new visibility and performance management products, alongside the rebranding of its community platform to The Supply Chain Source to reflect its evolving service offerings.
Business model & monetisation
SPS Commerce primarily monetises through recurring SaaS subscriptions for its cloud-based EDI, analytics, product data, and workflow software. Commercial pricing scales by modules used, transaction volumes, connected trading partners, and customer complexity. Additional revenue comes from onboarding, implementation, managed compliance services, testing and certification, integrations, and other service-led deployment work. The company also increases account value through cross-sell of analytics, assortment, revenue recovery, and financing products, and through acquisitions that add new recurring-revenue customer segments.
- Core fulfilment and EDI platform subscriptions
- Software Subscription
- Analytics, assortment, and supply chain performance modules
- Software Subscription
- Onboarding, implementation, testing, and certification services
- Service Fee
- Revenue recovery and deduction management software
- Software Subscription
- Invoice financing and related financial workflows
- Pay-per-Use
Products & capabilities
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Competitors & alternatives
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Logistics and trade compliance software built on a global network.
Unified commerce software for retailers’ store and omnichannel operations.
B2B network software for procurement, invoicing and supplier payments.
Retail and marketing analytics SaaS for optimisation and decision support.
Retail technology vendor for store operations, fulfilment and retail media.
Side-by-side comparisons
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
Marketo Co-founder Launches AI Marketing Automation Platform Phave
Marketing Automation · Recorded impact score: 4/5
Jon Miller, co-founder of Marketo and Engagio, together with Nick Bonfiglio, formerly head of product and engineering at Marketo, has launched Phave, an AI-powered marketing automation platform for enterprise B2B organizations. After two years in stealth, Phave reached general availability in August 2026 and is now used by 10 companies. Designed to replace legacy MAPs like Marketo, Pardot, Eloqua, and HubSpot, Phave's intelligence engine, Maestro, generates personalized 'Playlists' that dynamically sequence marketing touches based on real-time data, objectives, and governance. The platform treats contacts, accounts, and buying groups as first-class objects, supports natural language configuration, and offers headless access via MCP (exposing 319 tools) and REST API. In an independent evaluation against 481 requirements, Phave scored 2.97, outperforming HubSpot (2.46) and Marketo (2.38). Early enterprise customers include SambaNova, SPS Commerce, mabl, Servion, and Hypha.
- Jon Miller and Nick Bonfiglio founded Phave, an AI-powered B2B marketing automation platform.
- Phave emerged from stealth and reached general availability in August 2026, currently serving 10 companies.
10-Q Financial Filing Analysis for SPS Commerce (2026-07-30)
financials · Recorded impact score: 3.7/5
For the second quarter ended June 30, 2026, SPS Commerce reported total revenues of $197.8 million, up 5.6% year-over-year, driven by ongoing expansion across its retail supply chain network and 1P recurring revenue customer base. Recurring revenues reached $190.4 million, representing 96% of total revenue. However, GAAP operating income fell 68.2% to $8.4 million and GAAP net income dropped to $6.9 million ($0.19 per diluted share) due to a $23.5 million pre-tax loss on the divestiture of its third-party (3P) revenue recovery business. Operating cash flows remained strong, surging 68.3% to $121.7 million for the first six months of 2026. The divestiture of the non-core 3P business on June 30, 2026, generated $8.8 million in net cash and reduced recurring customer count to approximately 46,650 while expanding ARPU by 14% to $15,100. Non-GAAP performance remained healthy, with Q2 Adjusted EBITDA expanding 18.9% to $66.6 million (34% margin) and non-GAAP EPS reaching $1.27.
- Q2 2026 revenue increased 5.6% YoY to $197.8 million, with recurring revenue accounting for $190.4 million (96% of total).
- Completed the divestiture of the 3P revenue recovery business on June 30, 2026, for $8.8 million in net cash, recognizing an operating loss of $23.5 million.
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Questions about SPS Commerce
What is SPS Commerce?
SPS Commerce is a public B2B software company that provides retail supply chain connectivity, EDI, analytics, product data, and related workflow tools.
Who uses SPS Commerce?
Its users are businesses such as retailers, suppliers, brands, distributors, manufacturers, 3PLs, and their finance, operations, procurement, merchandising, and IT teams.
How does SPS Commerce make money?
It mainly earns recurring subscription revenue from its software platform, with additional income from onboarding, integration, compliance services, and adjacent modules such as analytics and revenue recovery.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
15 publicly documented primary sources and citations linked across the market graph.
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