Commerce.com (CMRC) AI Stock Analysis

• Market Cap: $400.45M
• Dividend Yield: N/A
• Average Volume (3M): 900.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: 4.06%
• EPS Growth: 57.50%
• Country: US
• Employees: 1,161
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.04
• Shares Outstanding: 80,735,080
• 10 Day Avg. Volume: 915,794
• 30 Day Avg. Volume: 900,337
• 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: 1.08
• Enterprise Value/Revenue: 1.28
• Enterprise Value/Gross Profit: 1.64
• Enterprise Value/Ebitda: 53.03
• 1Y Price Target: $7.43
• Price Target Upside: 40.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7

• Rating: 58 Neutral
• Price Target: $5.00 ▼(-5.48% Downside)

BigCommerce Holdings' overall score is driven by strong revenue growth and positive cash flow trends, but is hindered by profitability challenges and a negative P/E ratio. The earnings call provides a positive outlook with strategic partnerships, yet highlights ongoing challenges in ARR growth and customer acquisition.

Positive Factors

Strategic Partnerships

These partnerships strengthen Commerce.com's technological capabilities and competitive position, potentially driving long-term growth through enhanced product offerings and operational efficiencies.

Operating Efficiency

Improved operating margins indicate better cost management and operational efficiency, which can lead to sustained profitability and competitive advantage in the long term.

Cash and Debt Management

Strong cash reserves and reduced debt enhance financial flexibility, allowing for strategic investments and resilience against economic fluctuations, supporting long-term stability.

Negative Factors

Profitability Challenges

Persistent profitability issues can hinder long-term growth and investment capacity, requiring strategic adjustments to improve margins and financial health.

Flat ARR Growth

Stagnant ARR growth suggests challenges in scaling and expanding the customer base, which could limit future revenue potential and market share expansion.

Customer Acquisition

Difficulty in acquiring new enterprise customers indicates potential issues in market penetration and competitiveness, affecting long-term revenue growth prospects.

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

BigCommerce Holdings shows strong revenue growth but struggles with profitability, as indicated by negative net profit margins and high leverage. Positive trends in operational cash flow are promising, but the company needs to convert revenue growth into sustainable profits.

Income Statement

BigCommerce Holdings has demonstrated robust revenue growth with a 20.8% increase from 2021 to 2024, indicating a positive growth trajectory. However, the company faces challenges with profitability, as evidenced by negative net profit margins and EBIT margins. The TTM data shows an improvement in EBITDA margin, but the EBIT remains negative, indicating ongoing operational challenges.

Balance Sheet

The balance sheet of BigCommerce Holdings shows a high debt-to-equity ratio, indicating significant leverage. The equity ratio is low, reflecting potential solvency risks. However, the company has shown improvement in its stockholders' equity over time, suggesting a slow trend towards financial stability. The return on equity remains negative, highlighting the need for better profitability.

Cash Flow

BigCommerce Holdings has shown positive operating cash flow in the TTM, indicating improving operational efficiency. The free cash flow has also turned positive, showcasing better cash management. However, the free cash flow to net income ratio is concerning due to persistent net losses, indicating that profitability needs improvement despite positive cash flow trends.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	337.54M	332.93M	309.39M	279.07M	219.85M	152.37M
Gross Profit	263.48M	255.34M	235.19M	209.09M	171.38M	118.24M
EBITDA	8.13M	-7.10M	-43.28M	-125.17M	-69.73M	-31.35M
Net Income	-18.12M	-27.03M	-64.67M	-139.92M	-76.68M	-37.56M
Balance Sheet
Total Assets	302.53M	340.29M	444.06M	474.06M	555.46M	276.63M
Cash, Cash Equivalents and Short-Term Investments	134.46M	178.16M	270.13M	303.51M	399.88M	219.45M
Total Debt	166.02M	220.58M	350.31M	350.11M	348.41M	15.85M
Total Liabilities	263.77M	306.92M	418.52M	428.38M	417.17M	59.87M
Stockholders Equity	38.77M	33.37M	25.53M	45.67M	138.29M	216.76M
Cash Flow
Free Cash Flow	25.12M	22.53M	-28.42M	-94.55M	-43.60M	-28.49M
Operating Cash Flow	31.89M	26.25M	-24.24M	-89.36M	-40.30M	-26.53M
Investing Cash Flow	48.04M	105.29M	2.82M	-116.53M	-186.88M	-1.96M
Financing Cash Flow	-166.71M	-114.04M	1.24M	209.00K	305.27M	239.95M

Commerce.com Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRC, the sentiment is Positive. The current price of 5.29 is above the 20-day moving average (MA) of 4.68, above the 50-day MA of 4.73, and below the 200-day MA of 5.60, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 66.83 is Neutral, neither overbought nor oversold. The STOCH value of 85.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMRC.

Commerce.com Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YALA	77 Outperform	1.24B	9.92	19.26%	―	6.79%	12.97%
VTEX	70 Neutral	831.57M	86.10	5.34%	―	4.51%	8241.83%
MLNK	63 Neutral	1.48B	-67.36	-5.73%	―	5.96%	50.29%
PRCH	62 Neutral	1.89B	40.65	-190.60%	―	-7.41%	0.00%
SEMR	60 Neutral	1.10B	-836.67	-0.46%	―	22.16%	-107.92%
CMRC	58 Neutral	$400.45M	―	-55.85%	―	4.06%	57.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Commerce.com Corporate Events

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.