Commerce.com, Inc.

Listed Company

CMRCCIK 0001626450NasdaqAcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$342.35M

Net Income

$-19.34M

Total Assets

$308.79M

Equity

$39.35M

Shares Out

82.20M

Op. Cash Flow

$25.49M

Business

Commerce.com, Inc. provides professional-grade commerce solutions through its portfolio of brands — BigCommerce, Feedonomics, and Makeswift — that empower businesses with flexible, composable SaaS ecommerce capabilities. It offers an enterprise-grade SaaS ecommerce platform, AI-based product feed management, a visual site builder and editor, storefront frameworks like Catalyst, APIs and integrations, and related services. The company organizes its offerings across B2C, B2B, and small business (SB) lines to address differing customer needs. It serves customers in over 150 countries across online and offline stores, social channels, and digital marketplaces via a broad partner ecosystem.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	342	333	309	279	220
Cost of revenue	73	78	74	70	48
Gross profit	270	255	235	209	171
Sales and marketing	137	130	140	141	105
Research and development	73	81	83	88	65
General and administrative	56	62	59	69	51
Amortization of intangible assets	9	10	8	8	3
Acquisition related costs	444,000	1	10	35	23
Restructuring charges	11	14	6	7	—
Total operating expenses	286	297	308	350	247
Loss from operations	−16	−42	−72	−141	−76
Gain on convertible note extinguishment	4	12	0	0	—
Interest income	5	11	11	4	130,000
Interest expense	−10	−6	−3	−3	−828,000
Other expenses	−681,000	−958,000	−836,000	−227,000	−70,000
Loss before provision for income taxes	−18	−26	−65	−139	−77
Provision for income taxes	−1	−1	0	−495,000	34,000
Net loss	−19	−27	−65	−140	−77
Basic net loss per share	−0.24	−0.35	−0.86	−1.91	−1.08
Shares used to compute basic net loss per share	80	78	75	73	71

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	44	89	72	92	298
Restricted cash	2	1	1	1	1
Marketable securities	97	89	198	212	102
Accounts receivable, net	50	48	38	35	40
Prepaid expenses and other assets, net	15	15	25	28	10
Deferred commissions	6	9	8	—	—
Total current assets	214	251	342	374	455
Property and equipment, net	14	9	10	9	7
Operating lease, right-of-use-assets, net	7	2	4	6	10
Prepaid expenses and other assets, net of current portion	7	3	1	—	—
Deferred commissions, net of current portion	3	6	7	—	—
Intangible assets, net	11	17	27	28	35
Goodwill	52	52	52	50	42
Total assets	309	340	444	474	555
Accounts payable	10	7	8	7	8
Accrued liabilities	5	3	3	3	3
Deferred revenue	60	47	32	18	13
Convertible Notes	4	0	—	—	—
Operating lease liabilities	2	2	3	3	3
Other liabilities	28	29	25	48	36
Total current liabilities	108	88	71	79	63
Convertible notes, net of current portion	153	216	340	—	—
Operating lease liabilities, net of current portion	7	2	8	10	10
Other liabilities, net of current portion	1	768,000	551,000	2	7
Total liabilities	269	307	419	428	417
Commitments and contingencies (Note 7 and 8)	—	—	—	—	—
Common stock, $0.0001 par value; 500,000 shares authorized at December 31, 2025 and 2024, respectively; 81,649 and 78,573 shares issued and outstanding at December 31, 2025 and 2024, respectively.	7,000	7,000	7,000	7,000	7,000
Additional paid-in capital	680	655	620	577	529
Accumulated other comprehensive income	224,000	145,000	163,000	−1	−191,000
Accumulated deficit	−641	−622	−595	−530	−390
Total stockholders equity	39	33	26	46	138
Total liabilities and stockholders' equity	309	340	444	474	555

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−19	−27	−65	−140	−77
Depreciation and amortization expense	14	14	12	11	6
Amortization of discount on convertible note	690,000	2	2	2	—
Amortization of premium on convertible note	−2	−636,000	0	0	—
Provision for expected credit losses	4	3	805,000	8	3
Real estate and internal-use software	218,000	4	70,000	4	—
Gain on lease modification	0	−988,000	0	0	—
Other	−2	−31,000	167,000	0	0
Accounts receivable	−6	−14	−4	−20	−17
Prepaid expenses and other assets	−5	6	2	−1	—
Deferred commissions	5	955,000	−2	−3	−4
Accounts payable	2	−895,000	962,000	−1	2
Accrued and other liabilities	379,000	3	−26	4	—
Deferred revenue	13	14	13	5	1
Net cash provided by (used in) operating activities	25	26	−24	−89	−40
Cash paid for website domain name	−2	0	0	—	—
Cash paid for acquisition	0	−100,000	−8	−696,000	−81
Purchase of property, equipment, leasehold improvements and capitalized internal-use software	−9	−4	−4	−5	—
Proceeds from marketable securities	87	189	243	104	5
Purchase of marketable securities	−93	−80	−228	−214	−107
Net cash provided by (used in) investing activities	−17	105	3	−117	−187
Proceeds from exercise of stock options	4	2	4	209,000	—
Taxes paid related to net share settlement of stock options	−2	−2	−3	0	0
Holdback payments related to business combination	0	−1	0	0	—
Proceeds from financing obligation	0	0	1	0	—
Payment of convertible note issuance costs	−217,000	−3	0	0	−10
Repayment of convertible notes and financing obligation	−55	−109	−394,000	0	0
Net cash provided by (used in) financing activities	−53	−114	1	209,000	305
Net change in cash and cash equivalents and restricted cash	−44	18	−20	−206	78
Cash paid for interest	11	2	894,000	903,000	0
Changes in capital additions, accrued but not paid	2	84,000	168,000	0	0
Fair value of shares issued as consideration for business combinations	0	248,000	1	5	2
Right-of-use asset obtained in exchange for new operating lease liability	6	0	0	—	—
Principal amount of 2028 Convertible Notes exchanged	0	150	0	0	—

Filings

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