A Business at a Glance
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Commerce.com, Inc.
CMRC
$218M
Mkt Cap
$2.71
+4.03%
Commerce.com, Inc. (CMRC) has a 5-year average return on invested capital (ROIC) of -17.9%. This is below average and may indicate limited pricing power.
Commerce.com, Inc. (CMRC) has a market capitalization of $223M. It is classified as a small-cap stock.
Commerce.com, Inc. (CMRC) does not currently pay a regular dividend.
Commerce.com, Inc. (CMRC) operates in the Services-Prepackaged Software industry, within the Technology sector.
Commerce.com, Inc. (CMRC) reported annual revenue of $342 million in its most recent fiscal year, based on SEC EDGAR filings.
Commerce.com, Inc. (CMRC) has a net profit margin of -5.6%. The company is currently unprofitable.
Commerce.com, Inc. (CMRC) generated $17 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Commerce.com, Inc. ("Commerce," the "Company," "us," "we", or "our") provides an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale. Our platform supports a range of business models, including business-to-consumer ("B2C"), business-to-business ("B2B"), and small businesses ("SB") use cases, and is designed to provide the infrastructure necessary to operate online storefronts, manage catalogs and orders, distribute product data, and develop digital content across multiple channels. On July 31, 2025, BigCommerce Holdings, Inc. changed its corporate name to Commerce.com, Inc. In connection with the corporate name change, the Company's ticker symbol on the Nasdaq Global Market changed from "BIGC" to "CMRC.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 347M | 342M | 333M | 309M | 279M | 220M |
| Net Income | -15M | -19M | -27M | -65M | -140M | -77M |
| EPS | $-0.19 | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 |
| Free Cash Flow | 31M | 17M | 23M | -28M | -95M | -44M |
| ROIC | -12.1% | -8.7% | -8.8% | -17.3% | -32.7% | -22.2% |
| Gross Margin | 78.1% | 78.7% | 76.7% | 76.0% | 74.9% | 77.9% |
| Debt/Equity | 3.43 | 4.31 | 6.61 | 13.72 | 7.67 | 2.52 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -8.0M | -16M | -42M | -72M | -141M | -76M |
| Operating Margin | -2.3% | -4.7% | -12.5% | -23.4% | -50.4% | -34.5% |
| ROE | -32.6% | -53.2% | -91.8% | -181.6% | -152.1% | -43.2% |
| Shares Outstanding | 82M | 81M | 77M | 75M | 73M | 71M |
| Metric | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 92M | 112M | 152M | 220M | 279M | 309M | 333M | 342M | 347M |
| Gross Margin | 76.1% | 75.9% | 77.6% | 77.9% | 74.9% | 76.0% | 76.7% | 78.7% | 78.1% |
| R&D | 42M | 43M | 48M | 65M | 88M | 83M | 81M | 73M | 72M |
| SG&A | 19M | 22M | 36M | 51M | 69M | 59M | 62M | 56M | 56M |
| EBIT | -38M | -41M | -39M | -76M | -141M | -72M | -42M | -16M | -8.0M |
| Op. Margin | -41.3% | -36.6% | -25.4% | -34.5% | -50.4% | -23.4% | -12.5% | -4.7% | -2.3% |
| Net Income | -44M | -50M | -39M | -77M | -140M | -65M | -27M | -19M | -15M |
| Net Margin | -47.4% | -44.5% | -25.3% | -34.9% | -50.1% | -20.9% | -8.1% | -5.6% | -4.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 7.3M | 6.4M | 14M | 11M | 10M |
| Returns on Capital | |||||||||
| ROIC | N/A | -73.1% | -14.0% | -22.2% | -32.7% | -17.3% | -8.8% | -8.7% | -12.1% |
| ROE | 22.8% | 21.3% | 190.0% | -43.2% | -152.1% | -181.6% | -91.8% | -53.2% | -32.6% |
| ROA | N/A | -89.0% | -23.2% | -18.4% | -27.2% | -14.1% | -6.9% | -6.0% | -4.7% |
| Cash Flow | |||||||||
| Op. Cash Flow | -31M | -40M | -27M | -40M | -89M | -24M | 26M | 25M | 43M |
| Free Cash Flow | -34M | -46M | -28M | -44M | -95M | -28M | 23M | 17M | 31M |
| Owner Earnings | -34M | -46M | -41M | -69M | -135M | -70M | -13M | -2.1M | 18M |
| CapEx | 3.3M | 5.6M | 2.0M | 3.3M | 5.2M | 4.2M | 3.7M | 8.6M | 12M |
| Maint. CapEx | 1.8M | 2.6M | 3.1M | 2.8M | 3.3M | 4.1M | 4.0M | 4.0M | 2.6M |
| Growth CapEx | 1.5M | 3.0M | 0 | 504K | 1.9M | 79K | 0 | 4.6M | 9.5M |
| D&A | 1.8M | 2.6M | 3.1M | 2.8M | 3.3M | 4.1M | 4.0M | 4.0M | 2.6M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 14.2% | 33.7% | 27.7% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 0 | 13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | 0.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.1M | 3.2M | 11M | 25M | 42M | 41M | 35M | 24M | 22M |
| Debt Repayment | 4.5M | 2.1M | 29M | 0 | 0 | 394K | 109M | 55M | 55M |
| Balance Sheet | |||||||||
| Net Debt | N/A | 28M | -204M | -51M | 47M | 80M | 42M | 28M | 5.7M |
| Cash & Equiv. | 14M | 7.8M | 219M | 298M | 92M | 72M | 89M | 44M | 155M |
| Long-Term Debt | N/A | 39M | N/A | 336M | 337M | 340M | 216M | 157M | 157M |
| Debt/Equity | N/A | -0.23 | 0.07 | 2.52 | 7.67 | 13.72 | 6.61 | 4.31 | 3.43 |
| Interest Coverage | -25.5 | -25.4 | -12.5 | -91.7 | -49.7 | -25.1 | -6.9 | -1.6 | -1.6 |
| Equity | -211M | -257M | 217M | 138M | 46M | 26M | 33M | 39M | 47M |
| Total Assets | N/A | 56M | 277M | 555M | 474M | 444M | 340M | 309M | 324M |
| Total Liabilities | N/A | 313M | 60M | 417M | 428M | 419M | 307M | 269M | 277M |
| Intangibles | N/A | N/A | N/A | 35M | 28M | 27M | 17M | 11M | 9.8M |
| Retained Earnings | N/A | -275M | -313M | -390M | -530M | -595M | -622M | -641M | -637M |
| Working Capital | N/A | -2.2M | 208M | 392M | 295M | 271M | 163M | 106M | 114M |
| Current Assets | N/A | 32M | 254M | 455M | 374M | 342M | 251M | 214M | 230M |
| Current Liabilities | N/A | 34M | 46M | 63M | 79M | 71M | 88M | 108M | 116M |
| Per Share Data | |||||||||
| EPS | -2.59 | -2.80 | -0.99 | -1.08 | -1.91 | -0.86 | -0.35 | -0.24 | -0.19 |
| Owner EPS | -2.05 | -2.57 | -1.05 | -0.97 | -1.84 | -0.92 | -0.17 | -0.03 | 0.22 |
| Book Value | -12.57 | -14.44 | 5.57 | 1.95 | 0.62 | 0.34 | 0.43 | 0.49 | 0.57 |
| Cash Flow/Share | -1.82 | -2.24 | -0.68 | -0.57 | -1.22 | -0.32 | 0.34 | 0.32 | -0.15 |
| Dividends/Share | N/A | N/A | 0.33 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 16.8M | 17.8M | 38.9M | 71.0M | 73.3M | 75.2M | 77.2M | 80.6M | 82.3M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -14.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 21.0 | 20.0 | 7.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 12.0 | 18.6 | 12.6 | 29.8 | 14.2 | 8.6 | 4.8 |
| Price/Sales | N/A | N/A | 21.3 | 18.7 | 4.9 | 2.3 | 1.6 | 1.2 | 0.6 |
| FCF Yield | N/A | N/A | -1.1% | -1.7% | -16.4% | -3.7% | 4.8% | 5.0% | 14.1% |
| Market Cap | 0 | N/A | 2.6B | 2.6B | 577M | 761M | 473M | 338M | 223M |
| Avg. Price | 0.00 | N/A | 83.28 | 58.05 | 18.59 | 9.53 | 7.01 | 5.23 | 2.71 |
| Year-End Price | 0.00 | N/A | 66.96 | 36.32 | 7.88 | 10.12 | 6.13 | 4.19 | 2.71 |
Commerce.com, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 13.2x vs a median of 20.5x. The company's 5-year average gross margin is 76.9%. At current prices, the estimated annualized return to fair value is +4.8%.
Commerce.com, Inc. (CMRC) has a debt-to-equity ratio of 4.31. This indicates higher leverage, which may increase financial risk.
Commerce.com, Inc. (CMRC) reported earnings per share (EPS) of $-0.24 in its most recent fiscal year.
Commerce.com, Inc. (CMRC) has a return on equity (ROE) of -53.2%. A negative ROE may indicate losses or negative equity.
Commerce.com, Inc. (CMRC) has a 5-year average gross margin of 76.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 8 years of financial data for Commerce.com, Inc. (CMRC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Commerce.com, Inc. (CMRC) has a book value per share of $0.49, based on its most recent annual SEC filing.
No recent press releases.