Saturday 17 October 2026 Export CMRC’s income statement to Excel — free account

Commerce.com, Inc.

Commerce.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $342.3 million, up 2.83% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 113.3%, free cash flow fell 99.6% and total debt fell 3.21%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

3.45 0.11 −3.09%

Follow CMRC

Alert me

Market cap: $295.0M
P/E: 0.0×
Fwd P/E: 36.0×
Dividend yield: —
F-score: 6/9
Altman Z: −0.82
Beneish M: −3.04
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.29

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	1	1	—	—

Insider Ownership 11.30%

Capital & Financial Ratios $m

Market Cap 294.98

Revenue 346.90

Net Income (5.78)

Free Cash Flow 19.55

Net Debt (4.99)

Current Ratio 2.03

Debt/Equity 2.95

P/E ratio 0.00

Fwd P/E 36.00

P/S ratio 0.82

P/B ratio 5.52

Past 5Y EPS Growth —

This Y EPS Growth 22.82%

Next Y EPS Growth 96.61%

Next Y revenue growth (0.83%)

Next 5Y EPS Growth 20.95%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 11.62%

10-year low 10-year high

P/B against its own 10 years 9.22%

10-year low 10-year high

EV/Sales against its own 10 years 11.42%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	271	180	143	157
Receivables	38	48	50	52
Inventory	—	—	—	—
Other	—	—	—	—
	342	251	214	230

	2023	2024	2025	Q'26
Payables	8	7	10	9
ST’ Debt	—	—	—	—
Other	25	29	28	26
	71	88	108	113

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%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	87	85	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.05	0.01	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	63.54	34.50	7.75	6.81	5.13	4.05	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	162.50	96.66	37.75	13.39	9.61	7.50
People
People	Employees	—	—	—	690	813	1,337	1,500	1,321	1,161	1,079
	Revenue/emp, $m	—	—	0.00	0.16	0.19	0.16	0.19	0.23	0.29	0.32
Income, $m
Income, $m	Revenue	—	—	92	112	152	220	279	309	333	342
	Gross margin, %	—	—	76.12	75.89	77.60	77.95	74.92	76.02	76.69	78.75
	EBT	—	—	(39)	(43)	(38)	(77)	(139)	(65)	(26)	(18)
	EBT margin, %	—	—	(42.31)	(37.97)	(24.63)	(34.89)	(49.96)	(20.90)	(7.81)	(5.31)
	Net income	—	0	(39)	(43)	(38)	(77)	(140)	(65)	(27)	(19)
	Depreciation	—	—	2	3	4	7	13	14	15	13
Per share, $
Per share, $	Revenue	—	—	5.47	6.29	3.90	3.10	3.81	4.12	4.29	4.26
	Earnings	—	—	(2.31)	(2.39)	(0.99)	(1.08)	(1.91)	(0.86)	(0.35)	(0.24)
	Cash flow	—	—	(1.82)	(2.24)	(0.68)	(0.57)	(1.22)	(0.32)	0.34	0.32
	Capex	—	—	(0.20)	(0.31)	(0.05)	(0.05)	(0.07)	(0.06)	(0.05)	(0.14)
	Free cash flow	—	—	(2.02)	(2.55)	(0.73)	(0.61)	(1.29)	(0.38)	0.29	0.18
	Book value	—	—	0.00	(14.43)	5.54	1.95	0.62	0.34	0.43	0.49
	Shares, m	—	—	17	18	39	71	73	75	78	80
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	10.75	10.75	16.46	11.41	2.20	2.19	1.43	0.97
	P/B	—	—	0.00	0.00	11.57	18.14	13.45	26.49	14.23	8.41
	EV/Sales	—	—	11.09	11.09	15.11	11.13	2.33	2.41	1.54	1.00
	EV/FCF	—	—	(37.25)	(37.25)	(80.83)	(56.10)	(6.87)	(26.22)	22.73	23.62
Cash, $m
Cash, $m	Operating cash flow	—	—	(31)	(40)	(27)	(40)	(89)	(24)	26	25
	Capex	—	—	(3)	(6)	(2)	(3)	(5)	(4)	(4)	(11)
	Free cash flow	—	—	(34)	(46)	(28)	(44)	(95)	(28)	23	14
Balance, $m
Balance, $m	Working capital	—	—	23	(2)	208	392	295	271	163	106
	Total debt	—	—	24	41	13	336	337	340	216	153
	Net debt	—	—	(13)	32	(208)	(65)	33	68	37	10
	Shareholders’ equity	—	—	—	(257)	217	138	46	26	33	39
Returns, %
Returns, %	ROA	—	—	0.00	(178.00)	(23.16)	(18.43)	(27.18)	(14.09)	(6.89)	(5.96)
	ROIC	—	—	0.00	0.00	(274.09)	(65.19)	(112.35)	(48.23)	(37.11)	(20.53)
	ROE	—	—	18.60	21.29	190.03	(43.19)	(152.12)	(181.65)	(91.78)	(53.19)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
API Agora, Inc. Sponsored ADR	$335.1M	48.0×	33.2×	+17.98% (above 0%: growing)	+89.87% (above 0%: growing)	−94.80% (below 0%: shrinking)	63.67%	(2.36%)	Compare
HKD AMTD Digital Inc. Sponsored ADR	$329.0M	—	—	—	—	+39.75% (above 0%: growing)	0.00%	0.00%	Compare
PLTS Platinum Analytics Cayman Limited	$316.1M	—	—	—	—	—	—	—	Compare
LAW CS Disco, Inc.	$304.5M	— (loss-making)	— (loss-making)	+13.23% (above 0%: growing)	n/m	+57.21% (above 0%: growing)	74.43%	(21.36%)	Compare
CURR Currenc Group Inc.	$299.8M	— (loss-making)	— (loss-making)	−21.81% (below 0%: shrinking)	n/m	+36.06% (above 0%: growing)	42.74%	(46.55%)	Compare
EGHT 8x8 Inc	$299.0M	54.5×	126×	+4.86% (above 0%: growing)	n/m	+89.29% (above 0%: growing)	61.19%	2.30%	Compare
GLOO Gloo Holdings, Inc.	$298.4M	— (loss-making)	— (loss-making)	+187.97% (above 0%: growing)	n/m	+49.40% (above 0%: growing)	36.02%	(44.02%)	Compare
CMRC Commerce.com, Inc.	$295.0M	— (loss-making)	36.0×	+0.09% (above 0%: growing)	n/m	−99.58% (below 0%: shrinking)	75.17%	3.20%
RBBN Ribbon Communications Inc.	$253.9M	14.8×	— (loss-making)	−12.80% (below 0%: shrinking)	n/m	−152.43% (below 0%: shrinking)	46.97%	(6.35%)	Compare
Median of peers	$302.1M	48.0×	—	+9.05%	—	+39.75%	46.97%	(6.35%)

All 237 Software Application stocks →

Commerce.com, Inc. (CMRC) key facts

Strength: Commerce.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $342.3 million, up 2.83% from fiscal 2024.
Commerce.com, Inc. (CMRC) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, CMRC traded at $3.45, a market capitalization of $295.0 million.
Return on equity was −53.2% and debt-to-equity 2.95.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −0.82 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.