Commerce.com, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:40:41Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 16.89M | 22.53M | -28.42M | -94.55M | — | — |
| EBITDA | -12.22M | -37.68M | -68.34M | -137.27M | -73.14M | -35.60M |
| Working Capital | 106.18M | 163.21M | 271.24M | 295.46M | 391.74M | 208.19M |
| Net Debt | 121.26M | 131.71M | 278.05M | 266.11M | 50.87M | -203.60M |
| Gross Margin | 78.75% | 76.69% | 76.02% | 74.92% | 77.95% | 77.60% |
| Operating Margin | -4.74% | -12.52% | -23.41% | -50.37% | -34.54% | -25.40% |
| Net Margin | -5.65% | -8.12% | -20.90% | -50.14% | -34.88% | -24.65% |
| Return on Equity (ROE) | -49.15% | -81.00% | -253.28% | -306.36% | -55.45% | -17.33% |
| Return on Assets (ROA) | -6.26% | -7.94% | -14.56% | -29.52% | -13.80% | -13.58% |
| Current Ratio | 1.98× | 2.85× | 4.83× | 4.75× | 7.24× | 5.54× |
| Debt-to-Equity | 4.21× | 6.61× | 13.70× | 7.83× | 2.52× | 0.07× |
| Effective Tax Rate | -6.42% | -3.90% | 0.00% | -0.35% | 0.04% | -0.07% |
| Cash Conversion Ratio | -1.32× | -0.97× | 0.37× | 0.64× | 0.53× | 0.71× |
| Accruals Ratio | -0.15× | -0.16× | -0.09× | -0.11× | -0.07× | -0.04× |
| SBC % of Revenue | 6.89% | 10.63% | 13.31% | 15.17% | 11.56% | 7.26% |
| CapEx Coverage | 2.96× | 7.06× | -5.80× | -17.20× | — | — |
| Free Cash Flow Per Share | $0.21 | $0.29 | $-0.38 | $-1.29 | — | — |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 342.35M | 332.93M | 309.39M | 279.07M | 219.85M | 152.37M |
| Cost of Revenue | 72.75M | 77.59M | 74.20M | 69.98M | 48.48M | 34.13M |
| Gross Profit | 269.60M | 255.34M | 235.19M | 209.09M | 171.38M | 118.24M |
| Research and Development Expense | 73.02M | 80.88M | 83.46M | 88.25M | 64.55M | 48.33M |
| Operating Expenses | 285.81M | 297.02M | 307.64M | 349.66M | 247.32M | 156.94M |
| Operating Income (Loss) | -16.22M | -41.68M | -72.44M | -140.57M | -75.94M | -38.70M |
| Income Tax Expense (Benefit) | 1.17M | 1.01M | 0 | 495.00K | -34.00K | 25.00K |
| Net Income (Loss) Attributable to Parent | -19.34M | -27.03M | -64.67M | -139.92M | -76.68M | -37.56M |
| Earnings Per Share, Basic | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 |
| Weighted Average Number of Shares Outstanding, Basic | 80.30M | 77.60M | 75.14M | 73.23M | 70.93M | 39.09M |
| Earnings Per Share, Diluted | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 |
| Weighted Average Number of Shares Outstanding, Diluted | 80.30M | 77.60M | 75.14M | 73.23M | 70.93M | 39.09M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 44.26M | 88.88M | 71.72M | 91.57M | 297.56M | 219.45M |
| Assets, Current | 214.36M | 251.22M | 341.99M | 374.25M | 454.55M | 254.07M |
| Assets | 308.79M | 340.29M | 444.06M | 474.06M | 555.46M | 276.63M |
| Long-term Debt | 157.05M | 216.47M | 339.47M | 337.50M | — | — |
| Liabilities, Current | 108.19M | 88.01M | 70.75M | 78.79M | 62.81M | 45.89M |
| Long-term Debt, Excluding Current Maturities | — | — | 339.61M | 337.50M | 335.54M | — |
| Liabilities | 269.44M | 306.92M | 418.52M | 428.38M | 417.17M | 59.87M |
| Stockholders' Equity Attributable to Parent | 39.35M | 33.37M | 25.53M | 45.67M | 138.29M | 216.76M |
| Common Stock, Shares, Outstanding | 81.65M | 78.57M | 76.41M | 73.94M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 25.49M | 26.25M | -24.24M | -89.36M | -40.30M | -26.53M |
| Net Cash Provided by (Used in) Investing Activities | -16.61M | 105.29M | 2.82M | -116.53M | -186.88M | -1.96M |
| Payments of Dividends | — | — | — | — | — | 12.81M |
| Net Cash Provided by (Used in) Financing Activities | -53.08M | -114.04M | 1.24M | 209.00K | 305.27M | 239.95M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 14.09M | -2.17M | 7.59M | 11.91M | -424.00K | 11.57M |
| EBITDA | 8.65M | -3.77M | 2.29M | -2.94M | 1.87M | 2.58M |
| Working Capital | 113.56M | 106.18M | 114.96M | 111.38M | 110.43M | 163.21M |
| Net Debt | 107.92M | 121.26M | 115.97M | 119.75M | 114.70M | 131.71M |
| Gross Margin | 76.75% | 78.29% | 78.39% | 78.99% | 79.38% | 77.62% |
| Operating Margin | 6.64% | -7.36% | -0.51% | -8.04% | -2.93% | -0.86% |
| Net Margin | 4.29% | -9.34% | -2.61% | -9.93% | -0.43% | -2.75% |
| Return on Equity (ROE) | 7.95% | -21.25% | -5.24% | -21.62% | -0.93% | -7.16% |
| Return on Assets (ROA) | 1.15% | -2.71% | -0.72% | -2.77% | -0.12% | -0.70% |
| Current Ratio | 1.98× | 1.98× | 2.14× | 2.13× | 2.34× | 2.85× |
| Debt-to-Equity | 3.52× | 4.21× | 3.87× | 4.28× | 4.38× | 6.61× |
| Effective Tax Rate | 10.81% | -2.56% | -10.44% | -2.71% | 306.43% | -15.68% |
| Cash Conversion Ratio | 4.93× | -0.12× | -4.70× | -1.62× | -1.14× | -5.17× |
| Accruals Ratio | -0.05× | -0.03× | -0.04× | -0.07× | -0.00× | -0.04× |
| SBC % of Revenue | 4.71% | 5.37% | 7.35% | 8.57% | 6.32% | 7.84% |
| CapEx Coverage | 4.29× | 0.31× | 3.56× | 8.21× | 0.49× | 15.71× |
| Free Cash Flow Per Share | $0.17 | $-0.03 | $0.09 | $0.15 | $-0.01 | $0.15 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 77.63× | — | 137.34× | — | — | — |
| P/S | 0.64× | 0.98× | 1.19× | 1.20× | 1.38× | 1.44× |
| P/B | 4.70× | 8.55× | 9.47× | 10.41× | 12.12× | 14.41× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 86.84M | 89.52M | 86.03M | 84.43M | 82.37M | 87.03M |
| Cost of Revenue | 20.19M | 19.43M | 18.59M | 17.74M | 16.98M | 19.48M |
| Gross Profit | 66.65M | 70.08M | 67.43M | 66.69M | 65.39M | 67.55M |
| Research and Development Expense | 18.03M | 18.04M | 17.46M | 18.31M | 19.21M | 19.76M |
| Operating Expenses | 60.88M | 76.67M | 67.87M | 73.48M | 67.80M | 68.30M |
| Operating Income (Loss) | 5.77M | -6.58M | -435.00K | -6.79M | -2.41M | -751.00K |
| Income Tax Expense (Benefit) | 452.00K | 209.00K | 212.00K | 221.00K | 524.00K | 324.00K |
| Net Income (Loss) Attributable to Parent | 3.73M | -8.36M | -2.24M | -8.38M | -353.00K | -2.39M |
| Earnings Per Share, Basic | $0.05 | $-0.10 | $-0.03 | $-0.10 | $0.00 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Basic | 82.04M | 80.30M | 80.76M | 80.12M | 78.83M | 77.60M |
| Earnings Per Share, Diluted | $0.05 | $-0.10 | $-0.03 | $-0.10 | $0.00 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 82.32M | 80.30M | 80.76M | 80.12M | 78.83M | 77.60M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 57.20M | 44.26M | 49.91M | 46.27M | 52.08M | 88.88M |
| Assets, Current | 229.99M | 214.36M | 215.95M | 209.66M | 192.68M | 251.22M |
| Assets | 324.26M | 308.79M | 309.46M | 302.53M | 286.29M | 340.29M |
| Long-term Debt | 156.80M | 157.05M | 157.30M | 157.54M | 157.79M | 216.47M |
| Liabilities, Current | 116.44M | 108.19M | 100.99M | 98.28M | 82.25M | 88.01M |
| Liabilities | 277.38M | 269.44M | 266.63M | 263.77M | 248.21M | 306.92M |
| Stockholders' Equity Attributable to Parent | 46.88M | 39.35M | 42.84M | 38.77M | 38.08M | 33.37M |
| Common Stock, Shares, Outstanding | — | 81.65M | — | — | — | 78.57M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 18.37M | 980.00K | 10.55M | 13.56M | 401.00K | 12.36M |
| Net Cash Provided by (Used in) Investing Activities | -5.39M | -5.95M | -6.80M | -21.22M | 17.36M | 42.65M |
| Net Cash Provided by (Used in) Financing Activities | -54.00K | 61.00K | -110.00K | 1.85M | -54.87M | -1.61M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CMRC CIK 0001626450),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.