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11 /100
LOW RISK
Score updated Oct 13, 2026

SPSC — SPS Commerce, Inc. Dilution Risk Tracker

Track SPSC dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, SPS Commerce, Inc. (SPSC) has a DilutionWatch DilutionScore of 11/100, rated LOW dilution risk. SPS Commerce, Inc. has a market capitalization of $3.05B, 36.00M shares outstanding, 331 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰Cash Runway—
📊 Float Risk
10
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 0%
No significant dilution signals detected for SPSC.
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Market Data

Market Cap$3.05B
Shares Outstanding36.00M
Float36.22M
Cash$173.17M
Debt$6.62M
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore11/100DilutionWatch score record
Shares Outstanding36.00MVerified float table or market cache
Public Float36.22MVerified float table or market cache
Market Cap$3.05BMarket data cache
Cash RunwayNot applicable / unavailableDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 3 1, 4 4, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 17.4% shares (2026Q1 vs prior)
331 institutional holders · 46.03M shares
#1 BlackRock, Inc. 5.83M shares
#2 VANGUARD CAPITAL MANAGEMENT LLC 3.40M shares
#3 VANGUARD PORTFOLIO MANAGEMENT LLC 2.96M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.84M
Days to Cover6.1
% of Float7.8%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2013-03-06
4 INSIDER TRANSACTION 2026-04-09
3 FORM3 2026-03-25
4 INSIDER TRANSACTION 2026-03-17
4 INSIDER TRANSACTION 2026-03-11
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual SPSC Dilution Snapshot

SPS Commerce, Inc. (SPSC) has a DilutionScore of 11/100, rated Low dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

SPSC's DilutionScore has held steady at 11/100 (Low risk) for 89 consecutive days across the tracked period.

Period Score Risk Level Duration
Jul 16 – Oct 13, 202611/100LOW89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SPSC shares outstanding have decreased 1.8% from 37.39M (Mar 2026) to 36.71M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 05, 202636.71M36.22M▼ 1.78%
May 02, 202636.97M36.88M▼ 0.03%
Apr 24, 202636.97M36.89M▼ 0.02%
Mar 27, 202637.39M36.90M▼ 0.02%
Mar 05, 202637.39M36.90M▼ 0.05%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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