Commerce.com, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $342.3M | $332.9M | $309.4M | $279.1M | $219.9M |
| Cost of revenue | $72.8M | $77.6M | $74.2M | $70.0M | $48.5M |
| Gross profit | $269.6M | $255.3M | $235.2M | $209.1M | $171.4M |
| Research and development | $73.0M | $80.9M | $83.5M | $88.3M | $64.5M |
| Operating expenses | $285.8M | $297.0M | $307.6M | $349.7M | $247.3M |
| Operating income | -$16.2M | -$41.7M | -$72.4M | -$140.6M | -$75.9M |
| Interest expense | $10.0M | $6.1M | $2.9M | $2.8M | $828,000 |
| Pretax income | -$18.2M | -$26.0M | -$64.7M | -$139.4M | -$76.7M |
| Income tax expense | $1.2M | $1.0M | $0 | $495,000 | -$34,000 |
| Net income | -$19.3M | -$27.0M | -$64.7M | -$139.9M | -$76.7M |
| Balance Sheet | |||||
| Cash and equivalents | $44.3M | $88.9M | $71.7M | $91.6M | $297.6M |
| Current assets | $214.4M | $251.2M | $342.0M | $374.2M | $454.5M |
| Total assets | $308.8M | $340.3M | $444.1M | $474.1M | $555.5M |
| Current liabilities | $108.2M | $88.0M | $70.8M | $78.8M | $62.8M |
| Total liabilities | $269.4M | $306.9M | $418.5M | $428.4M | $417.2M |
| Total debt | $154.1M | $213.1M | $345.7M | $345.0M | $345.0M |
| Stockholders' equity | $39.4M | $33.4M | $25.5M | $45.7M | $138.3M |
| Cash Flow Statement | |||||
| Cash from operations | $25.5M | $26.3M | -$24.2M | -$89.4M | -$40.3M |
| Depreciation and amortization | $4.0M | $4.0M | $4.1M | $3.3M | $2.8M |
| Stock-based compensation | $23.6M | $35.4M | $41.2M | $42.3M | $25.4M |
| Capital expenditure | $8.6M | $3.7M | $4.2M | $5.2M | $0 |
| Free cash flow | $16.9M | $22.5M | -$28.4M | -$94.6M | -$40.3M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 82.5M · Free float 74.7%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.