NASDAQ : CMRC
Commerce.com, Inc. — Financial statements
Technology · Software - Application · United States
Last price 3.29 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 272.61M
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Financial statements
Commerce.com, Inc. (CMRC) reported revenue of 346.90M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 346.90M | 342.35M | 332.93M | 309.39M | 279.07M | 219.85M |
| Cost of Revenue | 79.20M | 72.75M | 77.59M | 74.20M | 69.98M | 48.48M |
| Gross Profit | 267.70M | 269.60M | 255.34M | 235.19M | 209.09M | 171.38M |
| Selling, General & Admin | 180.00M | 192.83M | 191.40M | 199.07M | 210.78M | 156.19M |
| Research & Development | 71.21M | 73.02M | 80.88M | 83.46M | 88.25M | 64.55M |
| Amortization of Goodwill & Intangibles | 6.60M | 8.47M | 9.74M | 8.42M | 8.08M | 3.28M |
| Operating Expenses | 257.81M | 274.33M | 282.01M | 290.95M | 307.11M | 224.02M |
| Operating Income | 9.88M | -4.73M | -26.67M | -55.76M | -98.02M | -52.64M |
| Interest Expense | -9.94M | -10.03M | -6.05M | -2.88M | -2.83M | -828.00K |
| Interest & Investment Income | 4.75M | 4.82M | 10.57M | 11.49M | 4.20M | 130.00K |
| Currency Exchange Gain (Loss) | -283.00K | -227.00K | ||||
| Other Non Operating Income (Expenses) | -681.00K | -681.00K | -958.00K | -836.00K | -70.00K | |
| EBT Excluding Unusual Items | 3.73M | -10.62M | -23.11M | -47.98M | -96.88M | -53.41M |
| Merger & Restructuring Charges | -8.43M | -11.49M | -15.01M | -16.69M | -42.55M | -23.30M |
| Other Unusual Items | 3.93M | 12.11M | ||||
| Pretax Income | -4.70M | -18.18M | -26.02M | -64.67M | -139.42M | -76.71M |
| Income Tax Expense | 1.08M | 1.17M | 1.01M | 495.00K | -34.00K | |
| Net Income | -5.78M | -19.34M | -27.03M | -64.67M | -139.92M | -76.68M |
| Net Income to Common | -5.78M | -19.34M | -27.03M | -64.67M | -139.92M | -76.68M |
| Shares Outstanding (Basic) | 81.72M | 80.30M | 77.60M | 75.14M | 73.23M | 70.93M |
| Shares Outstanding (Diluted) | 81.72M | 80.30M | 77.60M | 75.14M | 73.23M | 70.93M |
| EPS (Basic) | -0.07 | -0.24 | -0.35 | -0.86 | -1.91 | -1.08 |
| EPS (Diluted) | -0.07 | -0.24 | -0.35 | -0.86 | -1.91 | -1.08 |
| Free Cash Flow | 19.55M | 16.89M | 22.53M | -28.42M | -94.55M | -43.60M |
| Free Cash Flow Per Share | 0.24 | 0.21 | 0.29 | -0.38 | -1.29 | -0.61 |
| Gross Margin | 77.17% | 78.75% | 76.70% | 76.02% | 74.92% | 77.95% |
| Operating Margin | 2.85% | -1.38% | -8.01% | -18.02% | -35.12% | -23.95% |
| Profit Margin | -1.67% | -5.65% | -8.12% | -20.90% | -50.14% | -34.88% |
| Free Cash Flow Margin | 5.64% | 4.93% | 6.77% | -9.19% | -33.88% | -19.83% |
| EBITDA | 21.32M | 8.93M | -12.86M | -43.28M | -86.60M | -46.49M |
| EBITDA Margin | 6.15% | 2.61% | -3.86% | -13.99% | -31.03% | -21.15% |
| D&A For EBITDA | 11.44M | 13.66M | 13.81M | 12.48M | 11.42M | 6.15M |
| EBIT | 9.88M | -4.73M | -26.67M | -55.76M | -98.02M | -52.64M |
| EBIT Margin | 2.85% | -1.38% | -8.01% | -18.02% | -35.12% | -23.95% |
| Advertising Expenses | 11.10M | 11.20M | 14.50M | 17.50M | 16.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 57.16M | 44.26M | 88.88M | 71.72M | 91.57M | 297.56M |
| Short-Term Investments | 99.16M | 96.84M | 89.28M | 198.41M | 211.94M | 102.31M |
| Cash & Short-Term Investments | 156.32M | 141.10M | 178.16M | 270.13M | 303.51M | 399.88M |
| Receivables | 53.41M | 49.97M | 48.12M | 37.71M | 35.07M | 39.81M |
| Prepaid Expenses | 13.83M | 15.35M | 14.64M | 24.73M | 28.03M | 9.71M |
| Restricted Cash | 1.16M | 1.91M | 1.48M | 1.13M | 1.46M | 1.14M |
| Other Current Assets | 4.78M | 6.04M | 8.82M | 8.28M | 6.17M | 4.01M |
| Total Current Assets | 229.50M | 214.36M | 251.22M | 341.99M | 374.25M | 454.55M |
| Property, Plant & Equipment | 25.78M | 21.07M | 11.12M | 14.64M | 14.97M | 16.94M |
| Goodwill | 51.93M | 51.93M | 51.93M | 52.09M | 49.75M | 42.43M |
| Other Intangible Assets | 8.30M | 11.29M | 17.32M | 27.05M | 27.58M | 35.03M |
| Long-Term Accounts Receivable | 2.50M | |||||
| Long-Term Deferred Charges | 2.76M | 3.47M | 5.56M | 7.06M | 7.04M | 5.67M |
| Other Long-Term Assets | 6.56M | 4.18M | 3.15M | 1.24M | 470.00K | 831.00K |
| Total Assets | 324.83M | 308.79M | 340.29M | 444.06M | 474.06M | 555.46M |
| Accounts Payable | 9.32M | 9.87M | 7.02M | 7.98M | 7.01M | 8.21M |
| Accrued Expenses | 23.57M | 23.88M | 25.21M | 17.58M | 18.16M | 20.93M |
| Current Portion of Long-Term Debt | 4.05M | 4.04M | ||||
| Current Portion of Leases | 1.80M | 1.58M | 2.44M | 2.54M | 2.61M | 2.65M |
| Current Unearned Revenue | 69.76M | 59.58M | 46.59M | 32.24M | 17.78M | 12.75M |
| Other Current Liabilities | 4.84M | 9.25M | 6.75M | 10.40M | 33.23M | 18.26M |
| Total Current Liabilities | 113.33M | 108.19M | 88.01M | 70.75M | 78.79M | 62.81M |
| Long-Term Debt | 152.49M | 153.01M | 216.47M | 339.61M | 337.50M | 335.54M |
| Long-Term Leases | 6.17M | 6.89M | 1.68M | 7.61M | 10.01M | 10.22M |
| Long-Term Unearned Revenue | 1.36M | |||||
| Other Long-Term Liabilities | 1.21M | 1.35M | 768.00K | 551.00K | 2.09M | 7.25M |
| Total Liabilities | 273.20M | 269.44M | 306.92M | 418.52M | 428.38M | 417.17M |
| Common Stock | 7.00K | 7.00K | 7.00K | 7.00K | 7.00K | 7.00K |
| Additional Paid-In Capital | 687.95M | 680.15M | 654.90M | 620.02M | 576.85M | 528.54M |
| Retained Earnings | -636.20M | -641.03M | -621.69M | -594.66M | -529.99M | -390.07M |
| Comprehensive Income & Other | -130.00K | 224.00K | 145.00K | 163.00K | -1.20M | -191.00K |
| Total Common Equity | 51.63M | 39.35M | 33.37M | 25.53M | 45.67M | 138.29M |
| Shareholders' Equity | 51.63M | 39.35M | 33.37M | 25.53M | 45.67M | 138.29M |
| Total Liabilities & Equity | 324.83M | 308.79M | 340.29M | 444.06M | 474.06M | 555.46M |
| Total Debt | 164.51M | 165.52M | 220.58M | 349.77M | 350.11M | 348.41M |
| Net Cash (Debt) | -8.18M | -24.42M | -42.42M | -79.63M | -46.60M | 51.47M |
| Net Cash Per Share | -0.10 | -0.30 | -0.55 | -1.06 | -0.64 | 0.73 |
| Filing Date Shares Outstanding | 82.86M | 82.20M | 78.60M | 76.60M | 74.12M | 72.47M |
| Total Common Shares Outstanding | 82.83M | 81.65M | 78.57M | 76.41M | 73.95M | 72.31M |
| Working Capital | 116.17M | 106.18M | 163.21M | 271.24M | 295.46M | 391.74M |
| Book Value Per Share | 0.62 | 0.48 | 0.42 | 0.33 | 0.62 | 1.91 |
| Tangible Book Value | -8.60M | -23.86M | -35.88M | -53.60M | -31.66M | 60.82M |
| Tangible Book Value Per Share | -0.10 | -0.29 | -0.46 | -0.70 | -0.43 | 0.84 |
| Machinery | 4.41M | 4.67M | 14.04M | 13.11M | 10.66M | |
| Leasehold Improvements | 2.52M | 3.24M | 6.39M | 6.35M | 6.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.78M | -19.34M | -27.03M | -64.67M | -139.92M | -76.68M |
| Depreciation & Amortization | 11.44M | 13.66M | 13.81M | 12.48M | 11.42M | 6.15M |
| Other Amortization | 690.00K | 690.00K | 1.58M | 1.98M | 1.96M | 574.00K |
| Loss (Gain) From Sale of Investments | -867.00K | |||||
| Stock-Based Compensation | 19.14M | 23.58M | 35.38M | 41.19M | 42.33M | 25.42M |
| Provision & Write-off of Bad Debts | 3.06M | 3.87M | 3.21M | 805.00K | 8.24M | 3.47M |
| Other Operating Activities | -3.39M | -7.27M | -10.23M | 237.00K | 3.76M | |
| Change in Accounts Receivable | -3.02M | -5.54M | -14.21M | -3.88M | -20.34M | -17.28M |
| Change in Accounts Payable | 1.06M | 2.24M | -895.00K | 962.00K | -1.20M | 2.14M |
| Change in Unearned Revenue | 14.02M | 12.99M | 14.35M | 12.56M | 5.30M | 1.40M |
| Change in Other Net Operating Assets | -1.36M | 619.00K | 10.29M | -25.90M | -928.00K | 14.50M |
| Operating Cash Flow | 35.00M | 25.49M | 26.25M | -24.24M | -89.36M | -40.30M |
| Capital Expenditures | -15.45M | -8.60M | -3.72M | -4.18M | -5.20M | -3.30M |
| Cash Acquisitions | -100.00K | -7.89M | -696.00K | -81.07M | ||
| Sale (Purchase) of Intangibles | -2.44M | |||||
| Investment in Securities | -8.39M | -5.57M | 109.11M | 14.89M | -110.63M | -102.51M |
| Investing Cash Flow | -23.84M | -16.61M | 105.29M | 2.82M | -116.53M | -186.88M |
| Long-Term Debt Issued | 1.08M | 345.00M | ||||
| Long-Term Debt Repaid | -54.53M | -109.12M | -394.00K | |||
| Net Debt Issued (Repaid) | -54.53M | -109.12M | 687.00K | 345.00M | ||
| Issuance of Common Stock | 1.11M | 3.62M | 1.71M | 3.85M | 209.00K | 5.88M |
| Repurchase of Common Stock | -1.36M | -1.96M | -2.45M | -3.29M | ||
| Other Financing Activities | -217.00K | -4.18M | -45.61M | |||
| Financing Cash Flow | -257.00K | -53.08M | -114.04M | 1.24M | 209.00K | 305.27M |
| Net Cash Flow | 10.90M | -44.19M | 17.51M | -20.18M | -205.67M | 78.10M |
| Free Cash Flow | 19.55M | 16.89M | 22.53M | -28.42M | -94.55M | -43.60M |
| Free Cash Flow Margin | 5.64% | 4.93% | 6.77% | -9.19% | -33.88% | -19.83% |
| Free Cash Flow Per Share | 0.24 | 0.21 | 0.29 | -0.38 | -1.29 | -0.61 |
| Levered Free Cash Flow | 28.79M | 34.46M | 42.75M | 5.72M | -12.55M | -7.18M |
| Unlevered Free Cash Flow | 34.31M | 40.04M | 44.95M | 5.55M | -12.75M | -7.23M |
| Cash Interest Paid | 11.12M | 11.17M | 2.47M | 894.00K | 903.00K | |
| Cash Income Tax Paid | 775.00K | 775.00K | 381.00K | 583.00K | 32.00K | |
| Change in Working Capital | 10.70M | 10.30M | 9.54M | -16.25M | -17.16M | 754.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 272.61M | 334.80M | 479.69M | 740.35M | 644.17M | 2.53B |
| Enterprise Value | 280.79M | 358.66M | 533.28M | 825.41M | 687.74M | 2.47B |
| Last Close Price | 3.29 | 4.12 | 6.12 | 9.73 | 8.74 | 35.37 |
| Forward PE | 8.34 | 14.55 | 24.30 | 46.09 | ||
| PS Ratio | 0.79 | 0.98 | 1.44 | 2.39 | 2.31 | 11.52 |
| PB Ratio | 5.28 | 8.51 | 14.38 | 29.00 | 14.10 | 18.32 |
| P/TBV Ratio | 41.65 | |||||
| P/FCF Ratio | 13.94 | 19.82 | 21.29 | |||
| P/OCF Ratio | 7.79 | 13.13 | 18.27 | |||
| PEG Ratio | 0.77 | |||||
| EV/Sales Ratio | 0.81 | 1.05 | 1.60 | 2.67 | 2.46 | 11.25 |
| EV/EBITDA Ratio | 13.17 | 40.16 | ||||
| EV/FCF Ratio | 14.36 | 21.23 | 23.67 | |||
| Debt / Equity Ratio | 3.19 | 4.21 | 6.61 | 13.70 | 7.67 | 2.52 |
| Debt / EBITDA Ratio | 7.05 | 15.72 | ||||
| Debt / FCF Ratio | 8.41 | 9.80 | 9.79 | |||
| Net Debt / Equity Ratio | 0.16 | 0.62 | 1.27 | 3.12 | 1.02 | -0.37 |
| Net Debt / EBITDA Ratio | 0.38 | 2.73 | -3.30 | -1.84 | -0.54 | 1.11 |
| Net Debt / FCF Ratio | 0.42 | 1.45 | 1.88 | -2.80 | -0.49 | 1.18 |
| Asset Turnover | 1.11 | 1.05 | 0.85 | 0.67 | 0.54 | 0.53 |
| Quick Ratio | 1.85 | 1.77 | 2.57 | 4.35 | 4.30 | 7.00 |
| Current Ratio | 2.02 | 1.98 | 2.85 | 4.83 | 4.75 | 7.24 |
| Return on Equity (ROE) | -12.78% | -53.19% | -91.78% | -181.65% | -152.12% | -43.19% |
| Return on Assets (ROA) | 1.97% | -0.91% | -4.25% | -7.59% | -11.90% | -7.91% |
| Return on Capital Employed (ROCE) | 4.70% | -2.40% | -10.60% | -14.90% | -24.80% | -10.70% |
| Earnings Yield | -2.15% | -5.78% | -5.63% | -8.73% | -21.72% | -3.03% |
| FCF Yield | 7.17% | 5.05% | 4.70% | -3.84% | -14.68% | -1.72% |
| Buyback Yield / Dilution | -3.68% | -3.47% | -3.27% | -2.62% | -3.23% | -81.45% |