Speed Commerce (SPDC) Stock Analysis & Winston Score

Speed Commerce is a small company that helps online retailers store, pack, and ship products to customers. It provides fulfillment services — meaning it runs warehouses and handles the physical work of getting orders out the door — along with some software tools to manage that process. Its main customers are e-commerce businesses that want to outsource their logistics operations.

The company earns money by charging fees for warehousing space, order handling, and shipping services, with some software licensing on the side. It operates primarily in the United States and is a very small player in a crowded fulfillment market dominated by giants like Amazon and third-party logistics firms. With a gross margin of just 12% and a deeply negative operating margin, the company is currently losing money, and its biggest challenge is reaching a scale large enough to cover its fixed costs while competing against much larger, better-funded rivals.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+53.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-58.2% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

$6M cash & investments at current burn rate

Revenue accelerating

Speed Commerce grew revenue 53% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

-12.8%

Thin — -12.8% gross margin

Operating Margin

-96.5%

Losing money on operations — -96.5%

ROCE

-33.4%

Weak — -33.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+26.5%

Fast-growing sales (26.5% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-11.5%

Burning cash (-11.5%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

17.78

Heavy debt load (17.78)

Interest Cover

1.16x

Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial