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.
Market Data
Market Cap$2.08B
Shares Outstanding36.00M
Float36.22M
Cash$173.17M
Debt$6.62M
Short InterestN/A
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 Interest2.88M
Days to Cover4.9
% of Float7.9%
FINRA data as of Jul 31, 2026
Recent SEC Activity
xbrl
XBRL CONVERTIBLE
2010-12-31
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
Factual SPSC Dilution Snapshot
SPS Commerce, Inc. (SPSC) has a DilutionScore of 11/100, rated Low dilution risk. Score date: August 28, 2026.
- Recent SEC activity tracked for SPSC: 4 on 2026-04-09; 3 on 2026-03-25; 4 on 2026-03-17.
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.
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