Commerce.com (CMRC) AI Stock Analysis

• Market Cap: $357.56M
• Dividend Yield: N/A
• Average Volume (3M): 935.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: 2.97%
• EPS Growth: 53.53%
• Country: US
• Employees: 1,161
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.08
• Shares Outstanding: 81,263,340
• 10 Day Avg. Volume: 1,092,111
• 30 Day Avg. Volume: 935,709
• PEG Ratio: 0.30
• Price to Book (P/B): 14.23
• Price to Sales (P/S): 1.43
• P/FCF Ratio: 21.08
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 1.25
• Enterprise Value/Gross Profit: 1.59
• Enterprise Value/Ebitda: 32.87
• 1Y Price Target: $7.33
• Price Target Upside: 68.12% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6
• EPS Forecast (FY): 0.26
• Revenue Forecast (FY): $343.10M

• Rating: 48 Neutral
• Price Target: $4.50 ▲(3.21% Upside)

Commerce.com's overall stock score reflects strong revenue growth and strategic advancements in AI, but is weighed down by high leverage, ongoing profitability challenges, and bearish technical indicators. The company's improved cash flow and financial position are positive, yet the negative P/E ratio and lack of dividend yield limit its valuation appeal.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and product demand, supporting long-term business expansion and competitiveness.

AI Integration and Partnerships

Strategic AI integration and partnerships enhance product offerings and operational efficiency, positioning the company for future technological leadership.

Improved Financial Position

A stronger financial position with increased cash reserves enhances liquidity and provides flexibility for strategic investments and debt reduction.

Negative Factors

High Leverage

High leverage increases financial risk and interest obligations, potentially limiting the company's ability to invest in growth opportunities.

Profitability Challenges

Ongoing profitability challenges reflect operational inefficiencies and could hinder sustainable growth and shareholder value creation.

Enterprise ARR Decline

A decline in enterprise ARR suggests challenges in retaining and expanding enterprise customer relationships, impacting long-term revenue stability.

Commerce.com Business Overview & Revenue Model

Company Description

Commerce.com, Inc. operates a software-as-a-service e-commerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services, such as payments, shipping, and accounting. It serves stores in various sizes, product categories, and purchase types comprising business-to-consumer and business-to-business. Commerce.com, Inc. was formerly known as BigCommerce Holdings, Inc. and changed its name to Commerce.com, Inc. in July 2025. The company was founded in 2009 and is headquartered in Austin, Texas.

How the Company Makes Money

Commerce.com generates revenue through multiple channels, primarily by taking a commission on sales made through its platform. This commission varies by product category and seller agreement. Additionally, the company offers subscription services for businesses that wish to enhance their visibility and access advanced analytics tools, creating a steady stream of recurring revenue. Advertising partnerships with brands looking to promote their products on the platform also contribute significantly to CMRC's earnings. Furthermore, CMRC has established strategic alliances with logistics and payment processing companies, allowing it to optimize delivery services and transaction efficiency, which in turn drives customer satisfaction and repeat business.

Commerce.com Financial Statement Overview

Summary

Commerce.com demonstrates strong revenue growth and gross profit margins, but struggles with profitability and high leverage. The company is improving its cash flow position, yet the high debt levels and negative return on equity present significant financial risks. Continued focus on reducing debt and enhancing profitability is essential for long-term stability.

Income Statement

Commerce.com shows a strong gross profit margin of 78.06% in TTM, indicating effective cost management. However, the company struggles with profitability, as evidenced by a negative net profit margin of -5.37% and EBIT margin of -2.02%. Revenue growth is robust at 68.7% TTM, but consistent net losses highlight ongoing challenges in achieving profitability.

Balance Sheet

The company's balance sheet is heavily leveraged, with a high debt-to-equity ratio of 4.28 in TTM, which poses a significant financial risk. The return on equity is negative at -52.06%, reflecting the company's inability to generate profit from shareholders' equity. The equity ratio is low, indicating a reliance on debt financing.

Cash Flow

Commerce.com has shown improvement in cash flow, with a free cash flow growth rate of 12.25% in TTM. The operating cash flow to net income ratio is 0.32, suggesting some ability to convert income into cash. However, the free cash flow to net income ratio of 0.79 indicates that cash flow generation is still a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	339.86M	332.93M	309.39M	279.07M	219.85M	152.37M
Gross Profit	267.07M	255.34M	235.19M	209.09M	171.38M	118.24M
EBITDA	12.95M	-7.10M	-43.28M	-127.14M	-70.31M	-31.35M
Net Income	-13.37M	-27.03M	-64.67M	-139.92M	-76.68M	-37.56M
Balance Sheet
Total Assets	309.46M	340.29M	444.06M	474.06M	555.46M	276.63M
Cash, Cash Equivalents and Short-Term Investments	142.03M	178.16M	270.13M	303.51M	399.88M	219.45M
Total Debt	165.88M	220.58M	350.31M	350.11M	348.41M	15.85M
Total Liabilities	266.63M	306.92M	418.52M	428.38M	417.17M	59.87M
Stockholders Equity	42.84M	33.37M	25.53M	45.67M	138.29M	216.76M
Cash Flow
Free Cash Flow	28.20M	22.53M	-28.42M	-94.55M	-43.60M	-28.49M
Operating Cash Flow	36.87M	26.25M	-24.24M	-89.36M	-40.30M	-26.53M
Investing Cash Flow	32.00M	105.29M	2.82M	-116.53M	-186.88M	-1.96M
Financing Cash Flow	-54.74M	-114.04M	1.24M	209.00K	305.27M	239.95M

Commerce.com Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRC, the sentiment is Negative. The current price of 4.36 is below the 20-day moving average (MA) of 4.76, below the 50-day MA of 4.82, and below the 200-day MA of 5.20, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 40.40 is Neutral, neither overbought nor oversold. The STOCH value of 3.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMRC.

Commerce.com Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YALA	81 Outperform	$1.11B	8.52	20.19%	―	5.80%	12.20%
SEMR	67 Neutral	$1.01B	―	-1.68%	―	19.87%	-136.93%
VTEX	66 Neutral	$696.34M	101.96	6.53%	―	3.62%	-20.45%
MLNK	66 Neutral	―	―	-5.41%	―	5.96%	50.29%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PRCH	56 Neutral	$964.15M	37.34	―	―	-2.13%	―
CMRC	48 Neutral	$357.56M	―	-37.23%	―	2.97%	53.53%

Commerce.com Corporate Events

Commerce.com Reports Q3 2025 Financial Performance

Commerce.com, Inc., formerly known as BigCommerce Holdings, Inc., is a technology company that provides an open, AI-driven commerce ecosystem to empower businesses with data-driven solutions for seamless and personalized experiences across various channels. The company operates in the e-commerce sector, offering tools and systems for business growth and innovation.

Bigcommerce Holdings Inc. Earnings Call Highlights

Bigcommerce Holdings Inc. recently held its earnings call, revealing a positive sentiment despite some challenges. The company showcased strong financial results and strategic advancements, particularly in AI and partnerships, while also addressing concerns in enterprise ARR and providing cautious Q4 guidance.

Commerce.com Announces CCO Retirement and Leadership Change

On October 6, 2025, Commerce.com announced that Russell Klein, the Chief Commercial Officer, will retire effective November 1, 2025. Michaela Weber, Senior Vice President, Payments & Global Business Development, will take over his responsibilities, potentially impacting the company’s strategic direction and stakeholder relations.

The most recent analyst rating on (CMRC) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Commerce.com stock, see the CMRC Stock Forecast page.

Commerce.com Extends Ellen Siminoff’s Term as Executive Chair

On September 10, 2025, Commerce.com, Inc. announced the extension of Ellen F. Siminoff’s term as Executive Chair for an additional year starting October 1, 2025. As part of this extension, the board approved an annual cash payment of $200,000 to Ms. Siminoff, payable in four quarterly installments, and granted her the option to purchase 247,963 shares of the company’s common stock, which will vest in equal monthly installments over 12 months, contingent upon her continued service.

The most recent analyst rating on (CMRC) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on Commerce.com stock, see the CMRC Stock Forecast page.