SPS Commerce Sells 3P Revenue Recovery Unit for $9.5M, Faces $20M Loss
SPSC•SPS Commerce completed the sale of its 3P Revenue Recovery business for $9.5 million in cash, incurring an estimated $20 million loss in Q2 2026. The divestiture narrows the company’s focus to its retained 1P revenue recovery solutions serving major retailers like Amazon, Walmart, and Target.
1. Sale of 3P Revenue Recovery Business
SPS Commerce has completed the sale of its third-party (3P) Revenue Recovery unit, originally acquired through the Carbon6 acquisition on February 7, 2025. The transaction transfers the 3P software tools for Amazon sellers to a new owner, while the company retains its first-party (1P) revenue recovery segment.
2. Financial Impact
Under the asset purchase agreement, SPS Commerce received $9.5 million in cash at closing and will record an estimated $20 million loss on the sale in the second quarter of 2026. Additional financial details will be disclosed in the company’s full Q2 report in July.
3. Strategic Refocus on 1P Suppliers
By divesting the 3P business, SPS Commerce sharpens its strategic emphasis on 1P suppliers operating across multiple retail channels. The retained 1P solution supports major retailers including Amazon, Walmart, Kroger, Target, Home Depot, and Lowes and integrates with the company’s broader supply chain network offerings.
