# Commerce.com, Inc.: overview

CMRC · Nasdaq · CIK 1626450 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cmrc.md) · [Financials](/companies/cmrc/financials.md) · [Filings](/companies/cmrc/filings.md) · [Insiders](/companies/cmrc/insiders.md)

Latest reported revenue: [$84.5m](/filings/0001193125-26-336710.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-336710).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [83.7](/filings/0001193125-25-268071.md) | [87.0 d](/filings/0001193125-26-085687.md) | [82.4](/filings/0001193125-26-210321.md) | [84.4](/filings/0001193125-26-336710.md) | [86.0](/filings/0001193125-25-268071.md) | [89.5 d](/filings/0001193125-26-085687.md) | [86.8](/filings/0001193125-26-210321.md) | [84.5](/filings/0001193125-26-336710.md) |
| Gross margin | % | [76.3%](/filings/0001193125-25-268071.md) | [77.6% d](/filings/0001193125-26-085687.md) | [79.4%](/filings/0001193125-26-210321.md) | [79.0%](/filings/0001193125-26-336710.md) | [78.4%](/filings/0001193125-25-268071.md) | [78.3% d](/filings/0001193125-26-085687.md) | [76.7%](/filings/0001193125-26-210321.md) | [75.2%](/filings/0001193125-26-336710.md) |
| Operating margin | % | [(23.0%)](/filings/0001193125-25-268071.md) | [(0.9%) d](/filings/0001193125-26-085687.md) | [(2.9%)](/filings/0001193125-26-210321.md) | [(8.0%)](/filings/0001193125-26-336710.md) | [(0.5%)](/filings/0001193125-25-268071.md) | [(7.4%) d](/filings/0001193125-26-085687.md) | [6.6%](/filings/0001193125-26-210321.md) | [3.2%](/filings/0001193125-26-336710.md) |
| Net margin | % | [(8.4%)](/filings/0001193125-25-268071.md) | [(2.7%) d](/filings/0001193125-26-085687.md) | [(0.4%)](/filings/0001193125-26-336710.md) | [(9.9%)](/filings/0001193125-26-336710.md) | [(2.6%)](/filings/0001193125-25-268071.md) | [(9.3%) d](/filings/0001193125-26-085687.md) | [4.3%](/filings/0001193125-26-336710.md) | [1.3%](/filings/0001193125-26-336710.md) |
| Diluted EPS | $ per share | [(0.09)](/filings/0001193125-25-268071.md) | not reported | [0.00](/filings/0001193125-26-210321.md) | [(0.10)](/filings/0001193125-26-336710.md) | [(0.03)](/filings/0001193125-25-268071.md) | not reported | [0.05](/filings/0001193125-26-210321.md) | [0.01](/filings/0001193125-26-336710.md) |
| Free cash flow | $m | [4.5](/filings/0001193125-25-268071.md) | [11.6 d](/filings/0001193125-26-085687.md) | [(0.4)](/filings/0001193125-26-210321.md) | [11.9](/filings/0001193125-26-336710.md) | [7.6](/filings/0001193125-25-268071.md) | [(2.2) d](/filings/0001193125-26-085687.md) | [14.1](/filings/0001193125-26-210321.md) | [0.1](/filings/0001193125-26-336710.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [220](/filings/0000950170-24-022864.md) | [279](/filings/0000950170-25-029211.md) | [309](/filings/0001193125-26-085687.md) | [333](/filings/0001193125-26-085687.md) | [342](/filings/0001193125-26-085687.md) |
| Gross margin | % | [77.9%](/filings/0000950170-24-022864.md) | [74.9%](/filings/0000950170-25-029211.md) | [76.0%](/filings/0001193125-26-085687.md) | [76.7%](/filings/0001193125-26-085687.md) | [78.7%](/filings/0001193125-26-085687.md) |
| Operating margin | % | [(34.5%)](/filings/0000950170-24-022864.md) | [(50.4%)](/filings/0000950170-25-029211.md) | [(23.4%)](/filings/0001193125-26-085687.md) | [(12.5%)](/filings/0001193125-26-085687.md) | [(4.7%)](/filings/0001193125-26-085687.md) |
| Net margin | % | [(34.9%)](/filings/0000950170-24-022864.md) | [(50.1%)](/filings/0000950170-25-029211.md) | [(20.9%)](/filings/0001193125-26-085687.md) | [(8.1%)](/filings/0001193125-26-085687.md) | [(5.6%)](/filings/0001193125-26-085687.md) |
| Diluted EPS | $ per share | [(1.08)](/filings/0000950170-24-022864.md) | [(1.91)](/filings/0000950170-25-029211.md) | [(0.86)](/filings/0001193125-26-085687.md) | [(0.35)](/filings/0001193125-26-085687.md) | [(0.24)](/filings/0001193125-26-085687.md) |
| Free cash flow | $m | not reported | [(94.6)](/filings/0000950170-25-029211.md) | [(28.4)](/filings/0001193125-26-085687.md) | [22.5](/filings/0001193125-26-085687.md) | [16.9](/filings/0001193125-26-085687.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cmrc/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-23 | [Lentz Daniel](/insiders/1981372.md) | CFO & COO, Officer | Sale (S) | 797 | $3.62 | $2.9k | [Form 4](/filings/0001981372-26-000021.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Lynrock Lake LP](/funds/1734341.md) | 2026-06-30 | $27.4m | 9,266,666 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $16.3m | 5,520,205 |  | Added +757,150 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $14.0m | 4,724,240 |  | Added +162,224 |
| [Divisar Capital Management LLC](/funds/1645721.md) | 2026-06-30 | $9.3m | 3,142,845 |  | Reduced −784,051 |
| [Pale Fire Capital SE](/funds/1922318.md) | 2026-06-30 | $9.0m | 3,054,890 |  | Added +102,796 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.0m | 3,039,302 |  | Added +192,655 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $7.0m | 2,358,569 |  | Added +739,669 |
| [AMERIPRISE FINANCIAL INC](/funds/820027.md) | 2026-06-30 | $5.7m | 1,930,519 |  | Added +224,494 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $5.5m | 1,858,023 |  | Added +387,337 |
| [S SQUARED TECHNOLOGY, LLC](/funds/1322924.md) | 2026-06-30 | $4.7m | 1,599,142 |  | Unchanged |

## Recent filings

[All 703 filings](/companies/cmrc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-10 | 08:06 ET | [8-K](/filings/0001193125-26-387279.md) | 2.05 Exit or disposal costs; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-387279 |
| 2026-09-09 | 17:22 ET | [SCHEDULE 13D/A](/filings/0000921895-26-002516.md) | Ownership report, active investor, amended | 0000921895-26-002516 |
| 2026-08-27 | 17:31 ET | [SCHEDULE 13D](/filings/0000921895-26-002350.md) | Ownership report, active investor | 0000921895-26-002350 |
| 2026-08-06 | 07:09 ET | [10-Q](/filings/0001193125-26-336710.md) | Quarterly report, period 2026-06-30 | 0001193125-26-336710 |
| 2026-08-06 | 07:06 ET | [8-K](/filings/0001193125-26-336701.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-336701 |
| 2026-05-14 | 16:21 ET | [8-K](/filings/0001193125-26-224115.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-224115 |
| 2026-05-07 | 07:14 ET | [10-Q](/filings/0001193125-26-210321.md) | Quarterly report, period 2026-03-31 | 0001193125-26-210321 |
| 2026-05-07 | 07:11 ET | [8-K](/filings/0001193125-26-210317.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-210317 |
| 2026-04-14 | 16:05 ET | [8-K](/filings/0001193125-26-154879.md) | 1.01 Entry into a material agreement; 3.03 Change to security holders’ rights; 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001193125-26-154879 |
| 2026-04-01 | 07:05 ET | [DEF 14A](/filings/0001193125-26-135670.md) | Proxy statement, period 2026-04-01 | 0001193125-26-135670 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-085687.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/42688381-19eb-45e2-b568-82097f0113f6)

## About the filer

- CIK: 1626450
- Tickers: CMRC
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:28 ET. No prices; not investment advice.