Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2025

The components of lease expense were as follows:

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
(in thousands)	2025		2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	3,124	$	2,423
Right-of-use assets obtained in exchange for operating lease liabilities	1,092		533

Supplemental balance sheet information related to operating leases was as follows:


	June 30, 2025		December 31, 2024
Weighted-average remaining lease term	1.9 years		2.4 years
Weighted-average discount rate	4.2	%	4.3	%

At June 30, 2025, our future minimum payments under operating leases were as follows:


(in thousands)
Remainder of 2025	$	3,637
2026	5,361



Thereafter	2,286
Total future gross payments	$	11,284
Less: imputed interest	(486)
Total operating lease liabilities	$	10,798

At June 30, 2025, our remaining purchase commitments and estimated purchase timing were as follows:


(in thousands)
Remainder of 2025	$	8,864
2026	9,153



Thereafter	4,137
Total estimated future purchases	$	22,154

SPS COMMERCE INC 10-Q