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Financials · CMRC

Commerce.com Inc. (CMRC) financials

For the twelve months ended Sep 30, 2026, Commerce.com Inc. reported $345.12M of revenue and -$6.75M of net income.

Revenue, TTM
$345.12M
Revenue growth, YoY
+1.5%
Net income, TTM
-$6.75M
Net margin
-2.0%
Free cash flow, TTM
$17.70M
EPS, diluted, TTM
-$0.09
Cash
$92.55M
Total debt
$156.29M
P/S
0.89
Market cap
$305.9M
Annual revenue$342.35M
FY2018FY2025
Annual net income-$19.34M
FY2018FY2025
Annual free cash flow$16.89M
FY2022FY2025

CMRC revenue and earnings growth

CMRC revenueQ3 2026$84.25M

Quarter YoY
-2.1%
QoQ
-0.3%
FY YoY
+2.8%
5Y CAGR
+17.6%

CMRC revenue was $84.25M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.1% from a year earlier and down 0.3% from the prior quarter. For the full fiscal 2025 it was $342.35M, up 2.8% from fiscal 2024. Compound annual growth was +17.6% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

CMRC net incomeQ3 2026-$3.21M

CMRC net income was -$3.21M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.24M a year earlier. For the full fiscal 2025 it was -$19.34M, compared with -$27.03M in fiscal 2024.

CMRC EPSQ3 2026-$0.04

CMRC diluted EPS was -$0.04 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.03 a year earlier. For the full fiscal 2025 it was -$0.24, compared with -$0.35 in fiscal 2024.

CMRC free cash flowQ3 2026$5.74M

Quarter YoY
-24.4%
QoQ
115x
FY YoY
-25.0%

CMRC free cash flow was $5.74M in fiscal Q3 2026 (ended Sep 30, 2026), down 24.4% from a year earlier and up about 115-fold from the prior quarter. For the full fiscal 2025 it was $16.89M, down 25.0% from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$342.35M$332.93M$309.39M$279.07M$219.85M$152.37M$112.10M$91.87M
Cost of revenue$72.75M$77.59M$74.20M$69.98M$48.48M$34.13M$27.02M$21.94M
Gross profit$269.60M$255.34M$235.19M$209.09M$171.38M$118.24M$85.08M$69.93M
Research and development$73.02M$80.88M$83.46M$88.25M$64.55M$48.33M$43.12M$42.48M
Selling, general and admin$55.86M$61.79M$58.84M$69.44M$51.32M$36.14M$22.20M$19.50M
Operating income-$16.22M-$41.68M-$72.44M-$140.57M-$75.94M-$38.70M-$40.99M-$37.98M
Interest expense$10.03M$6.05M$2.88M$2.83M$828.0K$3.10M$1.61M$1.49M
Pre-tax income-$18.18M-$26.02M-$64.67M-$139.42M-$76.71M-$37.53M-$42.56M-$38.87M
Income tax$1.17M$1.01M$0$495.0K-$34.0K$25.0K$28.0K$10.0K
Net income-$19.34M-$27.03M-$64.67M-$139.92M-$76.68M-$37.56M-$42.59M-$38.88M
EPS, basic-$0.24-$0.35-$0.86-$1.91-$1.08-$0.99-$2.80-$2.59
EPS, diluted-$0.24-$0.35-$0.86-$1.91-$1.08-$0.99-$2.80-$2.59
Diluted shares80.3M77.6M75.1M73.2M70.9M39.1M17.8M16.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$44.26M$90.36M$72.84M$93.03M$298.70M$219.45M$7.79M-
Short-term investments$96.84M$89.28M$198.41M$211.94M$102.31M-$0-
Receivables$49.97M$48.12M$37.71M$35.07M$39.81M$22.89M$15.55M-
Current assets$214.36M$251.22M$341.99M$374.25M$454.55M$254.07M$31.67M-
Goodwill$51.93M$51.93M$52.09M$49.75M$42.43M---
Total assets$308.79M$340.29M$444.06M$474.06M$555.46M$276.63M$56.06M-
Current liabilities$108.19M$88.01M$70.75M$78.79M$62.81M$45.89M$33.91M-
Short-term debt--$547.0K$0--$2.36M-
Long-term debt--$339.61M$337.50M$335.54M-$38.50M-
Total debt$157.05M$216.47M$340.16M$337.50M$335.54M-$40.87M-
Total liabilities$269.44M$306.92M$418.52M$428.38M$417.17M$59.87M$89.61M-
Shareholders' equity$39.35M$33.37M$25.53M$45.67M$138.29M$216.76M-$257.30M-$211.48M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$25.49M$26.25M-$24.24M-$89.36M-$40.30M-$26.53M-$39.97M-$30.59M
Capital expenditures$8.60M$3.72M$4.18M$5.20M----
Free cash flow$16.89M$22.53M-$28.42M-$94.55M----
Investing cash flow-$16.61M$105.29M$2.82M-$116.53M-$186.88M-$1.96M$17.87M-$26.52M
Financing cash flow-$53.08M-$114.04M$1.24M$209.0K$305.27M$239.95M$17.35M$64.24M
Dividends paid-----$12.81M--
Stock-based compensation$23.58M$35.38M$41.19M$42.33M$25.42M$11.06M$3.16M$2.07M
Depreciation and amortization$4.00M$4.00M$4.10M$3.30M$2.80M$3.10M$2.60M$1.80M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY2.8%7.6%10.9%26.9%44.3%35.9%22.0%-
Gross margin78.7%76.7%76.0%74.9%77.9%77.6%75.9%76.1%
Operating margin-4.7%-12.5%-23.4%-50.4%-34.5%-25.4%-36.6%-41.3%
Net margin-5.6%-8.1%-20.9%-50.1%-34.9%-24.7%-38.0%-42.3%
Free cash flow margin4.9%6.8%-9.2%-33.9%----
Return on equity-49.1%-81.0%-253.3%-306.4%-55.4%-17.3%--
Return on assets-6.3%-7.9%-14.6%-29.5%-13.8%-13.6%-76.0%-
Current ratio1.982.854.834.757.245.540.93-
Debt to equity3.996.4913.327.392.43---

Source: XBRL data Commerce.com Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CMRC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CMRC$345.12M+1.5%-$6.75M-2.0%$305.9M
MSFT$346.44B+17.9%$142.63B41.2%$4.05T
PLTR$7.29B+87.1%$3.67B50.3%$407.69B
ORCL$71.78B+21.6%$18.92B26.4%$362.21B
SAP€36.80B+7.7%€7.16B19.5%$291.67B
CRWD$5.40B+24.3%$58.46M1.1%$234.05B
SHOP$14.17B+32.5%$2.13B15.0%$195.63B
CRM$43.94B+11.2%$9.66B22.0%$176.90B
NOW$15.43B+21.8%$1.45B9.4%$106.66B

CMRC FAQ

9 questions
  • What is CMRC revenue?
    Commerce.com Inc. (CMRC) reported $345.12M of revenue for the twelve months ended Sep 30, 2026. That is up 1.5% from the year before. Revenue for fiscal 2025 was $342.35M.
  • Is CMRC profitable?
    No. Commerce.com Inc. reported a net loss of $6.75M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CMRC have?
    Commerce.com Inc. reported $92.55M in cash and cash equivalents and $156.29M of debt on its most recent balance sheet in SEC filings.
  • How fast is CMRC revenue growing?
    Commerce.com Inc.'s revenue changed +2.8% in fiscal 2025, to $342.35M. Its compound annual growth rate was +17.6% over 5 years.
  • What is CMRC gross margin?
    Commerce.com Inc.'s gross profit was $262.66M on $345.12M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 76.1%.
  • What is CMRC free cash flow?
    Commerce.com Inc. generated $17.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $33.81M less capital expenditures.
  • What is CMRC earnings per share?
    Diluted earnings per share were -$0.09 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CMRC last report financial results?
    The latest statements here come from Commerce.com Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this CMRC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Commerce.com Inc. files with the SEC. It is provided for information only and is not investment advice.