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Commerce.com, Inc.

CMRC Technology Software Application

Commerce.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $342.3 million, up 2.83% from fiscal 2024.

Revenue
−2.07%
EPS
−33.3%
Free cash flow
−24.4%
Total debt
−3.21%

Quarter to September 2026, against a year earlier

3.62 0.00 0.00%
Market cap
$300.0M
P/E
0.0×
Fwd P/E
−20.1×
Dividend yield
—
F-score
6/9
Altman Z
−0.82
Beneish M
−3.04
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.29
Sold, $m 0.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — 1 — 1 1 — 1 —
Insider Ownership 11.65%

Capital & Financial Ratios $m

Size
Market Cap 299.95
Revenue ttm 345.12
Net income ttm (6.75)
Free cash flow ttm 17.70
Net debt Q (162.80)
Valuation
P/E 0.00
Forward P/E (20.10) (negative: loss-making)
Price / sales 0.87
Forward P/S Powerpack
Price / FCF 17.01
Price / book 5.75
Financial health
Current ratio Q 2.02 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (0.72)
Growth
Revenue growth Q −2.07% (below 0%: shrinking)
Operating income growth Q −314.48% (below 0%: shrinking)
EPS, this year +39.38% (at or above 15%: strong)
EPS, next year A +78.53% (at or above 15%: strong)
Revenue, next year A −0.86% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +32.88% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 2.5×; over the ten years it ranged from 0.6× in 2026 to 28.2× in 2020.
P/S against its own 10 years 12.78%
10-year low 10-year high
P/B against its own 10 years 11.15%
10-year low 10-year high
EV/Sales against its own 10 years 12.71%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 271 180 143 163
Receivables 38 48 50 48
Inventory — — — —
Other — — — —
342 251 214 233
2023 2024 2025 Q'26
Payables 8 7 10 7
ST’ Debt — — — —
Other 25 29 28 31
71 88 108 116

Compound Annual Growth %

10y 5y 3y
Sales — 17.58% 7.05%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (28.91%) (4.84%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.04 Actual 0.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.07 0.07 Met by 0.00
Q1 FY26 0.11 0.13 Beat by 0.02
Q2 FY26 0.04 0.08 Beat by 0.04
Q3 FY26 0.04 0.08 Beat by 0.04
Q4 FY26 0.08 — Reports 11 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.05 0.01 (0.04) — —
’25 0.00 (0.10) (0.03) (0.10) (0.24)
’24 (0.08) (0.15) (0.09) (0.03) (0.35)
’23 (0.30) (0.25) (0.27) (0.04) (0.86)
’22 (0.51) (0.54) (0.41) (0.45) (1.91)
’21 (0.12) (0.17) (0.30) (0.48) (1.08)
’20 (0.22) (0.54) (0.22) (0.21) (0.99)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 87 85 84 — —
’25 82 84 86 90 342
’24 80 82 84 87 333
’23 72 75 78 84 309
’22 66 68 72 72 279
’21 47 49 59 65 220
’20 33 36 40 43 152
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 5 9 — —
’25 0 14 11 1 25
’24 (3) 12 6 12 26
’23 (21) 15 (31) 13 (24)
’22 (22) (14) (51) (3) (89)
’21 (13) (5) (14) (9) (40)
’20 (10) (7) (6) (3) (27)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 14 0 6 — —
’25 (3) 12 8 (2) 14
’24 (4) 11 5 12 23
’23 (22) 14 (32) 12 (28)
’22 (23) (16) (52) (4) (95)
’21 (13) (6) (15) (10) (44)
’20 (11) (7) (7) (4) (28)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 92 112 152 220 279 309 333 342 345 +20.7% 339 340 365 +2.2%
Gross margin, % — — 76.12 75.89 77.60 77.95 74.92 76.02 76.69 78.75 76.11 +2.6 pt
EBT — — (39) (43) (38) (77) (139) (65) (26) (18) (6) (10.3%)
EBT margin, % — — (42.31) (37.97) (24.63) (34.89) (49.96) (20.90) (7.81) (5.31) (1.68) +37.0 pt
Net income — 0 (39) (43) (38) (77) (140) (65) (27) (19) (7) n/m
Per share, $
Per share, $ Revenue — — 5.47 6.29 3.90 3.10 3.81 4.12 4.29 4.26 4.16 (3.5%)
Earnings — — (2.59) (2.80) (0.99) (1.08) (1.91) (0.86) (0.35) (0.24) (0.08) (28.8%)
Cash flow — — (1.82) (2.24) (0.68) (0.57) (1.22) (0.32) 0.34 0.32 0.41 n/m
Capex — — (0.20) (0.31) (0.05) (0.05) (0.07) (0.06) (0.05) (0.14) (0.19) (5.1%)
Free cash flow — — (2.02) (2.55) (0.73) (0.61) (1.29) (0.38) 0.29 0.18 0.21 n/m
Book value — — 0.00 (14.43) 5.54 1.95 0.62 0.34 0.43 0.49 0.63 n/m
Shares, m — — 17 18 39 71 73 75 78 80 82 +25.0%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — 10.75 10.75 16.46 11.41 2.20 2.19 1.43 0.97 0.87 7.0
P/B — — 0.00 0.00 11.57 18.14 13.45 26.49 14.23 8.41 5.75 11.5
EV/Sales — — 11.09 11.09 15.11 11.13 2.33 2.41 1.54 1.00 0.84 7.0
EV/FCF — — (37.25) (37.25) (80.83) (56.10) (6.87) (26.22) 22.73 23.62 16.45 (24.8)
Cash, $m
Cash, $m Operating cash flow — — (31) (40) (27) (40) (89) (24) 26 25 34 n/m
Capex — — (3) (6) (2) (3) (5) (4) (4) (11) (16) +18.7%
Free cash flow — — (34) (46) (28) (44) (95) (28) 23 14 18 n/m
Balance, $m
Balance, $m Working capital — — 23 (2) 208 392 295 271 163 106 118 +24.1%
Net debt — — (13) 32 (208) (65) 33 68 37 10 (163) n/m
Shareholders’ equity — — — (257) 217 138 46 26 33 39 52 n/m
Returns, %
Returns, % ROA — — 0.00 (178.00) (23.16) (18.43) (27.18) (14.09) (6.89) (5.96) (2.12) (6.0) pt
ROIC — — 0.00 0.00 (274.09) (65.19) (112.35) (48.23) (37.11) (20.53) 0.00 (20.5) pt
ROE — — 18.60 21.29 190.03 (43.19) (152.12) (181.65) (91.78) (53.19) (14.18) (71.8) pt
People
People Employees — — — 690 813 1,337 1,500 1,321 1,161 1,079 — +7.7%
Revenue/emp, $m — — 0.00 0.16 0.19 0.16 0.19 0.23 0.29 0.32 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Commerce.com, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EGHT 8x8 Inc $325.0M 39.7× 213× +4.29% (above 0%: growing) +317.86% (above 0%: growing) +130.99% (above 0%: growing) 59.67% 3.61% Compare
PLTS Platinum Analytics Cayman Limited $316.1M — — — — — — — Compare
API Agora, Inc. Sponsored ADR $315.0M 46.2× 29.5× +17.98% (above 0%: growing) +89.87% (above 0%: growing) −94.80% (below 0%: shrinking) 63.67% (2.36%) Compare
SMRT SmartRent, Inc. $308.5M — (loss-making) — (loss-making) +14.82% (above 0%: growing) n/m +115.01% (above 0%: growing) 41.16% (11.57%) Compare
CMRC Commerce.com, Inc. $300.0M — (loss-making) — (loss-making) −2.07% (below 0%: shrinking) n/m −24.39% (below 0%: shrinking) 74.06% (2.14%)
ASUR Asure Software, Inc. $289.6M — (loss-making) — (loss-making) +10.40% (above 0%: growing) n/m +125.46% (above 0%: growing) 69.57% 1.29% Compare
XPER Xperi Inc. $278.5M — (loss-making) — (loss-making) +2.08% (above 0%: growing) n/m +112.43% (above 0%: growing) 68.85% 1.55% Compare
HKD AMTD Digital Inc. Sponsored ADR $273.9M — — — — +39.75% (above 0%: growing) 0.00% 0.00% Compare
BLND Blend Labs, Inc. $269.6M — (loss-making) — (loss-making) +6.98% (above 0%: growing) n/m +170.31% (above 0%: growing) 73.54% (4.66%) Compare
Median of peers $299.1M — — +8.69% — +115.01% 63.67% 0.00%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 1 April 2026

Ownership

Directors and executive officers, together 2.70%
Lynrock Lake LP Lynrock Lake Partners LLC Cynthia Paul 11.26%
The Vanguard Group 9.44%
Wadih Machaalani 6.03%
Barclays PLC 5.81%
BlackRock, Inc. 5.72%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Commerce.com, Inc. (CMRC) Latest News

6 Nov

Impact 3 · · GuruFocus.com

5 Nov

Impact 3 · · Moby
Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

29 Oct

Impact 4 · · GlobeNewswire

27 Oct

Impact 4 · · Zacks

21 Oct

Impact 4 · · GlobeNewswire

20 Oct

Impact 3 · · GlobeNewswire

15 Oct

Impact 3 · · StockStory

13 Oct

Impact 3 · · GlobeNewswire

12 Oct

Impact 3 · · StockStory

29 Sep

Impact 4 · · GlobeNewswire

10 Sep

Impact 4 · · InvestorsHub
Impact 4 ·
Impact 3 ·

14 Aug

Impact 3 · · MarketBeat

11 Aug

Impact 4 ·

10 Aug

Impact 3 ·

9 Aug

Impact 4 ·
Impact 3 ·

7 Aug

Impact 4 ·
Impact 3 ·

6 Aug

Impact 4 · · Moby transcript
Impact 4 · transcript
Impact 4 · · InvestorsHub
Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 · · MarketBeat transcript
stockrow.com/CMRC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com