Commerce.com, Inc. CMRC

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

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." The name change reflects the Company's evolution into a multi-product commerce technology provider and its role as the parent entity for the BigCommerce, Feedonomics, and Makeswift product lines.

Last close 3.56 2026-10-23
Market cap $295.0M 2026-06-30 share count
52-week range 1.95 - 5.54

Valuation FY2025 figures against the last close

P/S0.9x
P/E—
P/FCF17.5x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.24

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas - United States
  • Emea
  • Apac
  • Rest of World
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Americas - United States, FY2025: 259.1M (75.7%) 76% Americas - United States Emea, FY2025: 42.6M (12.4%) 12% Emea Apac, FY2025: 24.8M (7.2%) 7% Apac Rest of World, FY2025: 15.9M (4.6%) 5% FY2024 Americas - United States, FY2024: 253.5M (76.1%) 76% Emea, FY2024: 38M (11.4%) 11% Apac, FY2024: 25.8M (7.7%) 8% Rest of World, FY2024: 15.7M (4.7%) 5% FY2023 Americas - United States, FY2023: 236.5M (76.4%) 76% Emea, FY2023: 34.7M (11.2%) 11% Apac, FY2023: 24.1M (7.8%) 8% Rest of World, FY2023: 14.1M (4.6%) 5%
Region FY2025FY2024FY2023
Americas - United States $259.1M $253.5M $236.5M
Emea $42.6M $38.0M $34.7M
Apac $24.8M $25.8M $24.1M
Rest of World $15.9M $15.7M $14.1M

As the company reported it, from the “Revenue Recognition and Deferred Costs - Schedule of Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $342.3M$332.9M$309.4M$279.1M$219.9M$152.4M$112.1M$91.9M—
Cost of revenue $72.8M$77.6M$74.2M$70.0M$48.5M$34.1M$27.0M$21.9M—
Gross profit $269.6M$255.3M$235.2M$209.1M$171.4M$118.2M$85.1M$69.9M—
R&D $73.0M$80.9M$83.5M$88.3M$64.5M$48.3M$43.1M$42.5M—
SG&A $55.9M$61.8M$58.8M$69.4M$51.3M$36.1M$22.2M$19.5M—
Total operating expenses $285.8M$297.0M$307.6M$349.7M$247.3M$156.9M$126.1M$107.9M—
Operating income -$16.2M-$41.7M-$72.4M-$140.6M-$75.9M-$38.7M-$41.0M-$38.0M—
Interest expense $10.0M$6.1M$2.9M$2.8M$828.0K$3.1M$1.6M$1.5M—
Pre-tax income -$18.2M-$26.0M-$64.7M-$139.4M-$76.7M-$37.5M-$42.6M-$38.9M—
Income tax $1.2M$1.0M$0$495.0K$34.0K$25.0K$28.0K$10.0K—
Net income -$19.3M-$27.0M-$64.7M-$139.9M-$76.7M-$37.6M-$42.6M-$38.9M—
EPS, basic -0.24-0.35-0.86-1.91-1.08-0.99———
EPS, diluted -0.24-0.35-0.86-1.91-1.08-0.99-2.80-2.59—
Shares, diluted (wtd. avg.) 80.3M77.6M75.1M73.2M70.9M39.1M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $44.3M$88.9M$72.8M$93.0M$298.7M$219.4M$7.8M——
Short-term investments $96.8M$89.3M$198.4M$211.9M$102.3M————
Receivables $50.0M$48.1M$37.7M$35.1M$39.8M$22.9M$15.5M——
Total current assets $214.4M$251.2M$342.0M$374.2M$454.5M$254.1M$31.7M——
Property, plant and equipment $14.0M$9.1M$10.2M$9.1M$7.4M$7.1M$8.2M——
Goodwill $51.9M$51.9M$52.1M$49.7M$42.4M————
Other intangibles $11.3M$17.3M$27.1M$27.6M$35.0M————
Total assets $308.8M$340.3M$444.1M$474.1M$555.5M$276.6M$56.1M——
Accounts payable $9.9M$7.0M$8.0M$7.0M$8.2M$5.8M$3.9M——
Short-term debt ——$547.0K$0——$2.4M——
Total current liabilities $108.2M$88.0M$70.8M$78.8M$62.8M$45.9M$33.9M——
Long-term debt $157.0M$216.5M$339.5M$337.5M$335.5M—$38.5M——
Total liabilities $269.4M$306.9M$418.5M$428.4M$417.2M$59.9M$89.6M——
Retained earnings -$641.0M-$621.7M-$594.7M-$530.0M-$390.1M-$313.4M-$274.5M——
Total equity $39.4M$33.4M$25.5M$45.7M$138.3M$216.8M-$257.3M-$211.5M-$171.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $25.5M$26.3M-$24.2M-$89.4M-$40.3M-$26.5M-$40.0M-$30.6M—
Depreciation and amortisation $4.0M$4.0M$4.1M$3.3M$2.8M$3.1M$2.6M$1.8M—
Stock-based compensation $23.6M$35.4M$41.2M$42.3M$25.4M$11.1M$3.2M$2.1M—
Capital expenditure $8.6M$3.7M$4.2M$5.2M—————
Investing cash flow -$16.6M$105.3M$2.8M-$116.5M-$186.9M-$2.0M$17.9M-$26.5M—
Financing cash flow -$53.1M-$114.0M$1.2M$209.0K$305.3M$239.9M$17.4M$64.2M—
Dividends paid —————$12.8M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-085687.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M Revenue, FY2018: 91.9M Gross profit, FY2018: 69.9M Net income, FY2018: -38.9M Revenue, FY2019: 112.1M Gross profit, FY2019: 85.1M Net income, FY2019: -42.6M Revenue, FY2020: 152.4M Gross profit, FY2020: 118.2M Net income, FY2020: -37.6M Revenue, FY2021: 219.9M Gross profit, FY2021: 171.4M Net income, FY2021: -76.7M Revenue, FY2022: 279.1M Gross profit, FY2022: 209.1M Net income, FY2022: -139.9M Revenue, FY2023: 309.4M Gross profit, FY2023: 235.2M Net income, FY2023: -64.7M Revenue, FY2024: 332.9M Gross profit, FY2024: 255.3M Net income, FY2024: -27M Revenue, FY2025: 342.3M Gross profit, FY2025: 269.6M Net income, FY2025: -19.3M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $91.9M $112.1M $152.4M $219.9M $279.1M $309.4M $332.9M $342.3M
Gross profit — $69.9M $85.1M $118.2M $171.4M $209.1M $235.2M $255.3M $269.6M
Net income — -$38.9M -$42.6M -$37.6M -$76.7M -$139.9M -$64.7M -$27.0M -$19.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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