CMRC

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Commerce.com, Inc.

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Key Metrics

Previous Close: $2.15
52-Week Range: $1.95 – $5.55
Market Cap: $186.43M
P/E (TTM): —
EPS (TTM): -0.07
Dividend Yield: —

Advanced Metrics

Price/Book: 3.61
PEG Ratio: —
Return on Equity: -12.78%
Return on Assets: 1.97%
Gross Margin: 77.17%
Operating Margin: 3.21%
Profit Margin: -1.66%
Current Ratio: 2.02
Debt/Equity: 3.19
Total Debt: $164.51M
Free Cash Flow: $28.79M
Revenue Growth: 0.10%
Earnings Growth: —
Enterprise Value: $194.62M

CMRC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$279.07M	$309.39M	$332.93M	$342.35M
Cost of Revenue	$69.98M	$74.20M	$77.59M	$72.75M
Gross Profit	$209.09M	$235.19M	$255.34M	$269.60M
Research & Development	$88.25M	$83.46M	$80.88M	$73.02M
Selling, General & Admin	$210.78M	$199.07M	$191.40M	$192.83M
Operating Expenses	$307.11M	$290.95M	$282.01M	$274.33M
Operating Income	-$98.02M	-$55.76M	-$26.67M	-$4.73M
EBITDA	-$127.14M	-$51.30M	-$7.10M	$6.47M
Pretax Income	-$139.42M	-$64.67M	-$26.02M	-$18.18M
Income Tax	$495.00K	$0.00	$1.01M	$1.17M
Net Income	-$139.92M	-$64.67M	-$27.03M	-$19.34M
Diluted EPS	-1.91	-0.86	-0.35	-0.24
Diluted Shares	73.23M	75.14M	77.60M	80.30M

CMRC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$91.57M	$71.72M	$88.88M	$44.26M
Receivables	$35.07M	$37.71M	$48.12M	$49.97M
Current Assets	$374.25M	$341.99M	$251.22M	$214.36M
Total Assets	$474.06M	$444.06M	$340.29M	$308.79M
Current Liabilities	$78.79M	$70.75M	$88.01M	$108.19M
Long-Term Debt	$337.50M	$339.61M	$216.47M	$153.01M
Total Debt	$350.11M	$349.77M	$220.58M	$165.52M
Total Liabilities	$428.38M	$418.52M	$306.92M	$269.44M
Retained Earnings	-$529.99M	-$594.66M	-$621.69M	-$641.03M
Shareholders' Equity	$45.67M	$25.53M	$33.37M	$39.35M
Working Capital	$295.46M	$271.24M	$163.21M	$106.18M
Net Debt	$245.92M	$267.89M	$127.59M	$112.79M

CMRC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$89.36M	-$24.24M	$26.25M	$25.49M
Capital Expenditure	-$5.20M	-$4.18M	-$3.72M	-$11.04M
Free Cash Flow	-$94.55M	-$28.42M	$22.53M	$14.45M
Depreciation & Amortisation	$11.42M	$12.48M	$13.81M	$13.66M
Stock-Based Compensation	$42.33M	$41.19M	$35.38M	$23.58M
Investing Cash Flow	-$116.53M	$2.82M	$105.29M	-$16.61M
Financing Cash Flow	$209.00K	$1.24M	-$114.04M	-$53.08M
Dividends Paid	$0.00	—	—	—
Net Change in Cash	-$205.67M	-$20.18M	$17.51M	-$44.19M

CMRC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$82.37M	$84.43M	$86.03M	$89.52M	$86.84M
Cost of Revenue	$16.98M	$17.74M	$18.59M	$19.43M	$20.19M
Gross Profit	$65.39M	$66.69M	$67.43M	$70.08M	$66.65M
Research & Development	$19.21M	$18.31M	$17.46M	$18.04M	$18.03M
Selling, General & Admin	$44.01M	$50.93M	$48.42M	$49.47M	$40.41M
Operating Expenses	$65.55M	$71.76M	$67.79M	$69.23M	$59.97M
Operating Income	-$165.00K	-$5.06M	-$352.00K	$849.00K	$6.68M
EBITDA	$7.21M	-$1.55M	$3.42M	-$2.61M	$9.80M
Pretax Income	$171.00K	-$8.16M	-$2.03M	-$8.15M	$4.18M
Income Tax	$524.00K	$221.00K	$212.00K	$209.00K	$452.00K
Net Income	-$353.00K	-$8.38M	-$2.24M	-$8.36M	$3.73M
Diluted EPS	0.00	-0.10	-0.03	-0.10	0.05
Diluted Shares	78.83M	80.12M	80.76M	81.44M	82.32M

CMRC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$52.08M	$46.27M	$49.91M	$44.26M	$57.20M
Receivables	$44.16M	$51.77M	$48.23M	$49.97M	$49.55M
Current Assets	$192.68M	$209.66M	$215.95M	$214.36M	$229.99M
Total Assets	$286.29M	$302.53M	$309.46M	$308.79M	$324.26M
Current Liabilities	$82.25M	$98.28M	$100.99M	$108.19M	$116.44M
Long-Term Debt	$157.79M	$157.54M	$157.30M	$153.01M	$152.75M
Total Debt	$166.79M	$166.02M	$165.88M	$165.52M	$165.13M
Total Liabilities	$248.21M	$263.77M	$266.63M	$269.44M	$277.38M
Retained Earnings	-$622.04M	-$630.42M	-$632.67M	-$641.03M	-$637.30M
Shareholders' Equity	$38.08M	$38.77M	$42.84M	$39.35M	$46.88M
Working Capital	$110.43M	$111.38M	$114.96M	$106.18M	$113.56M
Net Debt	$105.70M	$111.28M	$107.39M	$112.79M	$99.59M

CMRC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$401.00K	$13.56M	$10.55M	$980.00K	$18.37M
Capital Expenditure	-$3.27M	-$1.65M	-$2.97M	-$3.15M	-$4.29M
Free Cash Flow	-$2.87M	$11.91M	$7.59M	-$2.17M	$14.09M
Depreciation & Amortisation	$4.28M	$3.85M	$2.73M	$2.81M	$2.89M
Stock-Based Compensation	$5.21M	$7.24M	$6.33M	$4.81M	$4.09M
Investing Cash Flow	$17.36M	-$21.22M	-$6.80M	-$5.95M	-$5.39M
Financing Cash Flow	-$54.87M	$1.85M	-$110.00K	$61.00K	-$54.00K
Net Change in Cash	-$37.11M	-$5.82M	$3.65M	-$4.91M	$12.93M

Market Snapshot

About

Commerce.com, Inc., formerly known as BigCommerce Holdings, Inc., operates a software-as-a-service e-commerce platform for brands and retailers globally. Headquartered in Austin, Texas, the company was founded in 2009 and provides a comprehensive platform for launching and scaling ecommerce operations, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services such as payments, shipping, and accounting. The company changed its name to Commerce.com, Inc. in July 2025 and maintains additional locations in San Francisco, London, Sydney, Dallas, Atlanta, Amsterdam, and Kyiv. Commerce.com serves as a complete ecommerce solution enabling businesses of all sizes to build, innovate, and grow their online presence.