Commerce.com, Inc. (CMRC) AI Stock Analysis

Commerce.com, Inc. provides an artificial intelligence-driven commerce ecosystem across the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its software-as-a-service platform enables merchants to run digital commerce experiences across owned and third-party channels, serving business-to-business, business-to-consumer, and small business clients. The company offers BigCommerce, an open commerce engine; Feedonomics, an AI-powered product data optimization and syndication platform; and Makeswift, a visual editor for storefront and content experiences. Founded in 2009 and headquartered in Austin, Texas, the company was formerly known as BigCommerce Holdings, Inc. before changing its name to Commerce.com, Inc. in July 2025.

Commerce.com delivered a five-year revenue compound annual growth rate of 17.6% from FY2020 to FY2025, with annual revenue expanding from $219.9M in FY2021 to $342.3M in FY2025. Annual growth decelerated each year, moving from 44.3% in FY2021 to 26.9% in FY2022, 10.9% in FY2023, 7.6% in FY2024, and 2.8% in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth was 0.1% year-over-year, bringing trailing twelve-month revenue to $346.9M. Operating margins improved from -34.5% in FY2021 to -4.7% in FY2025 and reached 3.2% over the trailing twelve months. Net losses narrowed from -$76.7M in FY2021 to -$19.3M in FY2025, while FY2025 diluted earnings per share reached $0.26.

As of June 30, 2026, Commerce.com held $156.3M in cash and short-term investments alongside total debt of $164.5M, resulting in net debt of $8.2M. Total assets stood at $324.8M against shareholders' equity of $51.6M, yielding a debt-to-equity ratio of 3.19 and a current ratio of 2.03. Cash generation improved in FY2025, with operating cash flow reaching $27.4M and free cash flow totaling $18.8M. Capital deployment in FY2025 included $8.6M in capital expenditures and $2.0M allocated to share buybacks.

Commerce.com trades at a forward price-to-earnings multiple of 3.7x and a price-to-sales multiple of 0.8x, both below the US-listed Technology peers median of 18.8x forward earnings and 2.8x sales. Its enterprise value to EBITDA ratio is 15.6x, compared to 16.6x for the US-listed Technology peers median. Over the one-year period, the stock declined 23.7%, trailing the S&P 500 return of 16.8%. Over five years, the stock fell 93.6%, compared to an 83.0% gain for the benchmark index.

Wall Street coverage consists of 7 analyst ratings: 1 Buy, 5 Hold, and 1 Sell. The mean price target is $4.00, representing an upside of 16.3% over the last close of $3.44 on October 16, 2026. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $339.5M and EPS of $0.32, reflecting 22.6% EPS growth. Commerce.com beat EPS estimates in 3 of the last 4 quarters. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Commerce.com, Inc. (CMRC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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