10-K · March 2, 2026
Commerce.com (formerly BigCommerce) is positioning itself as a multi-product, API-first commerce platform—combining BigCommerce, Feedonomics and Makeswift—and is pursuing composable, AI-enabled and partner-centric…
Earnings analysis · 10-Q
CMRC earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Commerce.com, Inc. reported Q1 2026 revenue of $86.8 million, a 5.4% increase from the prior year. The company achieved net income of $3.73 million, significant improvement compared to a net loss in the previous period.…
Read full summary
Commerce.com, Inc. reported Q1 2026 revenue of $86.8 million, a 5.4% increase from the prior year. The company achieved net income of $3.73 million, significant improvement compared to a net loss in the previous period. Management anticipates Q2 revenue to range between $84.5 million and $85.5 million, reflecting cautious optimism amidst cost concerns.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.05
What stood out
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Revenue Growth
Revenue increased by 5.4% year-over-year to $86.8 million, up from $82.4 million.
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Improved EPS
Diluted EPS stood at $0.05, a significant turnaround from a loss of $0.1 in the prior quarter.
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Cost Control Measures
Operating expenses decreased by 10.2% to $60.9 million, down from $67.8 million.
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Solid Cash Flow
Operating cash flow improved significantly, generating $18.4 million in Q1 2026 compared to just $0.4 million in Q1 2025.
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Partner Revenue Growth
Partner and services revenue surged by 14.4%, reaching $23.2 million compared to $20.3 million last year.
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Strong Balance Sheet
Cash and cash equivalents increased to $157 million, up from $143 million year-over-year.
What to watch
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Declining Gross Margin
Gross margin decreased to 76.7% from 79.4%, indicating rising costs mainly in software and web hosting.
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Geopolitical Risks
The company faces challenges from geopolitical crises impacting international operations and market stability.
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Customer Retention Risks
Net Revenue Retention (NRR) remains at 95.4%, indicating potential concerns over customer expansion and churn.
Management's outlook
Management anticipates Q2 revenue between $84.5 million and $85.5 million.
Earlier filings 4
10-Q · November 6, 2025
Commerce.com reported quarterly revenue of $86,029,000 (up from $83,710,000 a year ago) and narrowed its operating loss to $(435,000) from $(19,217,000) in the prior-year quarter. The company generated positive…
10-Q · July 31, 2025
Commerce.com (fka BigCommerce) reported revenue of $84.433M for the quarter ended June 30, 2025, up from $81.829M in the year-ago quarter. Gross margin expanded to ~79.0% and operating loss narrowed to $(6.787)M, while…
10-Q · May 8, 2025
Revenue for the quarter ended March 31, 2025 was $82,370, up from $80,360 in the year-ago quarter, while gross profit increased to $65,386. Loss from operations narrowed to $2,410 and net loss improved to $(353), with…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.