InsiderClue
Stocks · Technology · Services-Prepackaged Software

Commerce.com, Inc.

CMRC Clue Score42
United States Fiscal year ends December CIK 0001626450
$3.49 +0.29% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.49 −93.02% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 5 Aug 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue91.9Operating income−38.0Net income−38.9Fiscal year 2019Revenue112.1 +22.0%Operating income−41.0Net income−42.6Fiscal year 2020Revenue152.4 +35.9%Operating income−38.7Net income−37.6EPS, diluted−0.99Fiscal year 2021Revenue219.9 +44.3%Operating income−75.9Net income−76.7EPS, diluted−1.08Fiscal year 2022Revenue279.1 +26.9%Operating income−140.6Net income−139.9EPS, diluted−1.91Fiscal year 2023Revenue309.4 +10.9%Operating income−72.4Net income−64.7EPS, diluted−0.86Fiscal year 2024Revenue332.9 +7.6%Operating income−41.7Net income−27.0EPS, diluted−0.35Fiscal year 2025Revenue342.3 +2.8%Operating income−16.2Net income−19.3EPS, diluted−0.24
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 91.9 112.1 152.4 219.9 279.1 309.4 332.9 342.3
Growth +22.0% +35.9% +44.3% +26.9% +10.9% +7.6% +2.8%
Operating income −38.0 −41.0 −38.7 −75.9 −140.6 −72.4 −41.7 −16.2
Net income −38.9 −42.6 −37.6 −76.7 −139.9 −64.7 −27.0 −19.3
Growth
EPS, diluted n/a n/a −0.99 −1.08 −1.91 −0.86 −0.35 −0.24

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin76.1%Operating margin−41.3%Net margin−42.3%Fiscal year 2019Gross margin75.9%Operating margin−36.6%Net margin−38.0%Fiscal year 2020Gross margin77.6%Operating margin−25.4%Net margin−24.7%Fiscal year 2021Gross margin77.9%Operating margin−34.5%Net margin−34.9%Fiscal year 2022Gross margin74.9%Operating margin−50.4%Net margin−50.1%Free cash flow margin−33.9%Fiscal year 2023Gross margin76.0%Operating margin−23.4%Net margin−20.9%Free cash flow margin−9.2%Fiscal year 2024Gross margin76.7%Operating margin−12.5%Net margin−8.1%Free cash flow margin6.8%Fiscal year 2025Gross margin78.7%Operating margin−4.7%Net margin−5.6%Free cash flow margin4.9%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 76.1% 75.9% 77.6% 77.9% 74.9% 76.0% 76.7% 78.7%
Operating margin −41.3% −36.6% −25.4% −34.5% −50.4% −23.4% −12.5% −4.7%
Net margin −42.3% −38.0% −24.7% −34.9% −50.1% −20.9% −8.1% −5.6%
Free cash flow margin n/a n/a n/a n/a −33.9% −9.2% 6.8% 4.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow−30.6Fiscal year 2019Operating cash flow−40.0Fiscal year 2020Operating cash flow−26.5Dividends paid−12.8Fiscal year 2021Operating cash flow−40.3Fiscal year 2022Operating cash flow−89.4Capital expenditure−5.2Free cash flow−94.6Fiscal year 2023Operating cash flow−24.2Capital expenditure−4.2Free cash flow−28.4Fiscal year 2024Operating cash flow26.3Capital expenditure−3.7Free cash flow22.5Fiscal year 2025Operating cash flow25.5Capital expenditure−8.6Free cash flow16.9 −25.0%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −30.6 −40.0 −26.5 −40.3 −89.4 −24.2 26.3 25.5
Capital expenditure n/a n/a n/a n/a −5.2 −4.2 −3.7 −8.6
Free cash flow n/a n/a n/a n/a −94.6 −28.4 22.5 16.9
Growth −25.0%
Dividends paid n/a n/a −12.8 n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Shareholders’ equity−211.5Fiscal year 2019Cash7.8Total debt40.9Net cash (debt)−33.1Shareholders’ equity−257.3Fiscal year 2020Cash219.4Shareholders’ equity216.8Fiscal year 2021Cash297.6Total debt335.5Net cash (debt)−38.0Shareholders’ equity138.3Debt to equity2.43Fiscal year 2022Cash91.6Total debt337.5Net cash (debt)−245.9Shareholders’ equity45.7Debt to equity7.39Fiscal year 2023Cash71.7Total debt339.6Net cash (debt)−267.9Shareholders’ equity25.5Debt to equity13.30Fiscal year 2024Cash88.9Total debt216.5Net cash (debt)−127.6Shareholders’ equity33.4Debt to equity6.49Fiscal year 2025Cash44.3Total debt157.0Net cash (debt)−112.8Shareholders’ equity39.4Debt to equity3.99
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 7.8 219.4 297.6 91.6 71.7 88.9 44.3
Total debt n/a 40.9 n/a 335.5 337.5 339.6 216.5 157.0
Net cash (debt) n/a −33.1 n/a −38.0 −245.9 −267.9 −127.6 −112.8
Shareholders’ equity −211.5 −257.3 216.8 138.3 45.7 25.5 33.4 39.4
Debt to equity n/a n/a n/a 2.43 7.39 13.30 6.49 3.99

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
91.9 112.1 152.4 219.9 279.1 309.4 332.9 342.3
Growth +22.0% +35.9% +44.3% +26.9% +10.9% +7.6% +2.8%
21.9 27.0 34.1 48.5 70.0 74.2 77.6 72.8
69.9 85.1 118.2 171.4 209.1 235.2 255.3 269.6
Growth +21.7% +39.0% +44.9% +22.0% +12.5% +8.6% +5.6%
42.5 43.1 48.3 64.5 88.3 83.5 80.9 73.0
19.5 22.2 36.1 51.3 69.4 58.8 61.8 55.9
−38.0 −41.0 −38.7 −75.9 −140.6 −72.4 −41.7 −16.2
Growth
−38.9 −42.6 −37.5 −76.7 −139.4 −64.7 −26.0 −18.2
0.0 0.0 0.0 −0.0 0.5 0.0 1.0 1.2
−38.9 −42.6 −37.6 −76.7 −139.9 −64.7 −27.0 −19.3
Growth
Per share
n/a n/a −0.99 −1.08 −1.91 −0.86 −0.35 −0.24
n/a n/a −0.99 −1.08 −1.91 −0.86 −0.35 −0.24
Growth
n/a n/a 39.1 70.9 73.2 75.1 77.6 80.3
n/a n/a 39.1 70.9 73.2 75.1 77.6 80.3
Growth +81.5% +3.2% +2.6% +3.3% +3.5%

† The diluted share count jumps at 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 17.6% a year over five years.
  • Operating margin is up 20.7 points on five years ago, at -4.7%.
  • A net loss in 8 of 8 years on file.