CMRC earnings analysis
What we found in CMRC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased by 5.4% year-over-year to $86.8 million, up from $82.4 million.
- Improved EPS
- Diluted EPS stood at $0.05, a significant turnaround from a loss of $0.1 in the prior quarter.
- Cost Control Measures
- Operating expenses decreased by 10.2% to $60.9 million, down from $67.8 million.
- Solid Cash Flow
- Operating cash flow improved significantly, generating $18.4 million in Q1 2026 compared to just $0.4 million in Q1 2025.
- Partner Revenue Growth
- Partner and services revenue surged by 14.4%, reaching $23.2 million compared to $20.3 million last year.
- Strong Balance Sheet
- Cash and cash equivalents increased to $157 million, up from $143 million year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Gross Margin
- Gross margin decreased to 76.7% from 79.4%, indicating rising costs mainly in software and web hosting.
- Geopolitical Risks
- The company faces challenges from geopolitical crises impacting international operations and market stability.
- Customer Retention Risks
- Net Revenue Retention (NRR) remains at 95.4%, indicating potential concerns over customer expansion and churn.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.05
- Gross margin
- 76.7%
- Operating margin
- 6.6%
- Segment
- Subscription Solutions: $63.7M
- Segment
- Partner and Services Revenue: $23.2M
What they said about what is next.
Management anticipates Q2 revenue between $84.5 million and $85.5 million.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CMRC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever