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Revenue by Segment
Breaks down revenue across different business segments, revealing which areas are driving growth and where the company may need to focus strategic efforts.Fulfillment remains SPS’s primary growth engine but its momentum has flattened recently—Amazon 3P policy headwinds and the upcoming $19.99 3P fee help explain softer recovery-related revenue and shrinking small-supplier counts, muting near-term growth. One-time recoveries have trended down, increasing reliance on ARPU expansion, cross-sell and MAX AI to drive durable, recurring revenue. Management expects a trough into late‑2026 with reacceleration after; investors should watch MAX adoption and any sign of Amazon stabilization as the main catalysts for upside.
Date | Other | Fulfillment | Analytics | One-time Revenues |
|---|---|---|---|---|
Jun 30, 2026 | $6.30M | $169.98M | $14.14M | $7.39M |
Mar 31, 2026 | $6.08M | $164.31M | $14.13M | $7.60M |
Dec 31, 2025 | $6.12M | $164.19M | $14.23M | $8.12M |
Sep 30, 2025 | $6.01M | $161.84M | $14.14M | $7.91M |
Jun 30, 2025 | $6.19M | $158.99M | $13.94M | $8.28M |
Mar 31, 2025 | $6.00M | $152.63M | $13.70M | $9.22M |
Dec 31, 2024 | $6.56M | $141.05M | $14.36M | $8.94M |
Sep 30, 2024 | $5.33M | $135.29M | $13.84M | $9.23M |
Jun 30, 2024 | $4.96M | $125.51M | $13.51M | $9.62M |
Mar 31, 2024 | $3.82M | $121.85M | $14.01M | $9.89M |