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Commerce.com, Inc. (CMRC) Financials

CMRC
Trailing 12 months to June 30, 2026
Revenue $346.9M +2.8% YoY
Net Income -$5.8M +68.1% YoY
EPS (Diluted) -$0.07 +68.2% YoY
Free Cash Flow $19.6M -29.1% YoY
Market Cap $212.1M as of Sep 9, 2026
Price / Sales 0.6x on $346.9M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 4.1x on $51.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CMRC SEC filings page.

Commerce.com, Inc. (CMRC) reported $346.9M in revenue over the twelve months to Jun 30, 2026, up 2.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CMRC FY2025

Cost containment is converting revenue growth into near-break-even operations while debt falls and short-term liquidity tightens.

By FY2025, revenue reached $342M while operating margin improved to -4.7% from FY2022’s trough, indicating costs were absorbed faster than sales expanded. Gross margin expansion from 74.9% to 78.8%, alongside lower R&D and SG&A spending in absolute terms, shows that tighter operating spending—not merely volume—drove much of the improvement.

FY2025 still produced a net loss of -$19M alongside operating cash flow of $25M; that divergence means reported earnings remained negative even as day-to-day operations generated cash. Free cash flow stayed positive at $17M after $9M of capital expenditures, indicating reinvestment did not consume operating cash.

Debt reduction brought debt to $157M by FY2025, yet debt-to-equity remained 4.0x because the equity base stayed thin; lower absolute obligations have not eliminated balance-sheet sensitivity. The current ratio fell to 2.0x from 4.8x in FY2023 as current liabilities increased, showing short-term flexibility narrowed while longer-term debt declined.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 36 / 100
Financial Health Score 36/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Commerce.com, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
27

Commerce.com, Inc. has an operating margin of -4.7%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 27/100. This is up from -12.5% the prior year.

Growth
51

Commerce.com, Inc.'s revenue grew a modest 2.8% year-over-year to $342.3M. This slow but positive growth earns a score of 51/100.

Leverage
15

Commerce.com, Inc. has elevated debt relative to equity (D/E of 3.99), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 15/100, reflecting increased financial risk.

Liquidity
59

Commerce.com, Inc.'s current ratio of 1.98 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
36

Commerce.com, Inc. has a free cash flow margin of 4.9%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
27

Commerce.com, Inc. posts a -49.1% return on equity (ROE), meaning it loses $49 for every $100 of shareholders' equity. This results in a returns score of 27/100. This is up from -81.0% the prior year.

Altman Z-Score Distress
-1.09

Commerce.com, Inc. scores -1.09, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($212.1M) relative to total liabilities ($269.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

Commerce.com, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
N/A

Commerce.com, Inc. reported a net loss of $19.3M while generating $25.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Commerce.com, Inc. reported an operating loss of $16.2M against $10.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$84.5M
YoY+0.1%
QoQ-2.7%
5Y CAGR+11.5%

Commerce.com, Inc. generated $84.5M in revenue in Q2 2026. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 2.7%.

EBITDA
$5.7M
YoY+294.4%
QoQ-33.9%

Commerce.com, Inc.'s EBITDA was $5.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 294.4% from the same quarter a year earlier. Against the prior quarter it is down 33.9%.

Net Income
$1.1M
YoY+113.1%
QoQ-70.4%

Commerce.com, Inc. reported $1.1M in net income in Q2 2026. This represents an increase of 113.1% from the same quarter a year earlier. Against the prior quarter it is down 70.4%.

EPS (Diluted)
$0.01
YoY+110.0%
QoQ-80.0%

Commerce.com, Inc. earned $0.01 per diluted share (EPS) in Q2 2026. This represents an increase of 110.0% from the same quarter a year earlier. Against the prior quarter it is down 80.0%.

Cash & Balance Sheet

Free Cash Flow
$50K
YoY-99.6%
QoQ-99.6%

Commerce.com, Inc. generated $50K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 99.6% from the same quarter a year earlier. Against the prior quarter it is down 99.6%.

Cash & Debt
$57.2M
YoY+23.6%
QoQ-0.1%
5Y CAGR-19.9%

Commerce.com, Inc. held $57.2M in cash against $156.5M in long-term debt as of Q2 2026.

Shares Outstanding
83M
YoY+2.6%
QoQ+0.4%
5Y CAGR+3.1%

Commerce.com, Inc. had 83M shares outstanding in Q2 2026. This represents an increase of 2.6% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
75.2%
YoY-3.8pp
QoQ-1.6pp
5Y CAGR-4.0pp

Commerce.com, Inc.'s gross margin was 75.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.

Operating Margin
3.2%
YoY+11.2pp
QoQ-3.4pp
5Y CAGR+28.2pp

Commerce.com, Inc.'s operating margin was 3.2% in Q2 2026, reflecting core business profitability. This is up 11.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.

Net Margin
1.3%
YoY+11.2pp
QoQ-3.0pp
5Y CAGR+26.2pp

Commerce.com, Inc.'s net profit margin was 1.3% in Q2 2026, showing the share of revenue converted to profit. This is up 11.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.0 percentage points.

Return on Equity
2.1%
YoY+23.8pp
QoQ-5.8pp
5Y CAGR+7.9pp

Commerce.com, Inc.'s ROE was 2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 23.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.8 percentage points.

Capital Allocation

R&D Spending
$17.7M
YoY-3.5%
QoQ-2.0%
5Y CAGR+3.7%

Commerce.com, Inc. invested $17.7M in research and development in Q2 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 2.0%.

Capital Expenditures
$5.0M
YoY+205.4%
QoQ+17.7%

Commerce.com, Inc. invested $5.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 205.4% from the same quarter a year earlier. Against the prior quarter it is up 17.7%.

Share Buybacks

Not reported for Q2 2026.

CMRC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMRC quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$84.5M+0.1%$86.8M+5.4%$89.5M+2.9%$86.0M+2.8%$84.4M+3.2%$82.4M+2.5%$87.0M+3.4%$83.7M+7.3%
Cost of Revenue$21.0M+18.3%$20.2M+18.9%$19.4M-0.2%$18.6M-6.4%$17.7M-10.5%$17.0M-7.9%$19.5M+2.8%$19.9M+4.2%
Gross Profit$63.5M-4.7%$66.7M+1.9%$70.1M+3.7%$67.4M+5.6%$66.7M+7.5%$65.4M+5.6%$67.6M+3.6%$63.8M+8.2%
R&D Expenses$17.7M-3.5%$18.0M-6.1%$18.0M-8.7%$17.5M-16.2%$18.3M-9.7%$19.2M-3.9%$19.8M+1.3%$20.8M-4.0%
SG&A Expenses$14.2M-10.5%$14.2M+4.2%$14.2M-5.1%$12.1M-26.1%$15.9M+2.7%$13.6M-8.6%$15.0M+10.5%$16.4M+14.6%
Operating Income$2.7M+139.8%$5.8M+339.3%-$6.6M-776.8%-$435K+97.7%-$6.8M+49.7%-$2.4M+70.7%-$751K+86.8%-$19.2M+13.4%
EBITDA$5.7M+294.4%$8.7M+362.5%-$13.4M-85.8%$2.3M+114.6%-$2.9M+70.5%$1.9M+139.5%-$7.2M+31.6%-$15.7M+17.5%
Interest Expense$2.5M-1.3%$2.5M-2.4%$2.5M-8.1%$2.5M+29.9%$2.5M+250.3%$2.5M+253.2%$2.7M+275.9%$1.9M+164.6%
Income Tax$204K-7.7%$452K-13.7%$209K-35.5%$212K-21.2%$221K+67.4%$524K+80.7%$324K+158.7%$269K+85.5%
Net Income$1.1M+113.1%$3.7M+1156.4%-$8.4M-250.0%-$2.2M+67.9%-$8.4M+25.5%-$353K+94.5%-$2.4M+24.7%-$7.0M+65.6%
EPS (Basic)$0.01+110.0%$0.05-$0.10-233.3%-$0.03+66.7%-$0.10+33.3%$0.00+100.0%-$0.03+25.0%-$0.09+66.7%
EPS (Diluted)$0.01+110.0%$0.05-$0.10-233.3%-$0.03+66.7%-$0.10+33.3%$0.00+100.0%-$0.03+25.0%-$0.09+66.7%
Diluted Shares (Avg)83M+3.3%82M+4.4%N/A81M+3.7%80M+3.4%79M+2.9%N/A78M+3.3%

CMRC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMRC quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$324.8M+7.4%$324.3M+13.3%$308.8M-9.3%$309.5M-7.7%$302.5M-33.1%$286.3M-35.3%$340.3M-23.4%$335.1M-23.1%
Current Assets$229.5M+9.5%$230.0M+19.4%$214.4M-14.7%$216.0M-11.3%$209.7M-41.1%$192.7M-43.9%$251.2M-26.5%$243.5M-28.7%
Cash & Equivalents$57.2M+23.6%$57.2M+9.8%$44.3M-50.2%$49.9M+40.8%$46.3M-65.2%$52.1M-14.5%$88.9M+23.9%$35.4M-49.2%
Short-Term Investments$99.2M+12.4%$97.9M+42.7%$96.8M+8.5%$92.1M-30.7%$88.2M-38.2%$68.6M-66.4%$89.3M-55.0%$133.0M-32.0%
Accounts Receivable$51.6M-0.3%$49.6M+12.2%$50.0M+3.8%$48.2M+11.2%$51.8M+14.9%$44.2M+12.4%$48.1M+27.6%$43.4M-16.3%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$51.9M0.0%$51.9M0.0%$51.9M0.0%$51.9M0.0%$51.9M0.0%$51.9M-0.3%$51.9M-0.3%$51.9M+4.4%
Total Liabilities$273.2M+3.6%$277.4M+11.7%$269.4M-12.2%$266.6M-12.9%$263.8M-38.1%$248.2M-40.3%$306.9M-26.7%$306.2M-26.4%
Current Liabilities$113.3M+15.3%$116.4M+41.6%$108.2M+22.9%$101.0M+16.6%$98.3M+24.7%$82.3M+21.1%$88.0M+24.4%$86.6M+29.1%
Non-Current Liabilities$159.9M-3.4%$160.9M-3.0%$161.3M-26.3%$165.6M-24.6%$165.5M-52.4%$166.0M-52.3%$218.9M-37.1%$219.6M-37.1%
Long-Term Debt$156.5M-0.6%$156.8M-0.6%$157.0M-27.4%$157.3M$157.5M-53.7%$157.8M-53.6%$216.5M-36.3%N/A
Total Equity$51.6M+33.2%$46.9M+23.1%$39.4M+17.9%$42.8M+47.8%$38.8M+48.5%$38.1M+41.4%$33.4M+30.7%$29.0M+45.8%
Retained Earnings-$636.2M-0.9%-$637.3M-2.5%-$641.0M-3.1%-$632.7M-2.2%-$630.4M-3.0%-$622.0M-3.5%-$621.7M-4.5%-$619.3M-4.7%

Not reported in any period shown, so not listed: Inventory.

CMRC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMRC quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$5.1M-62.4%$18.4M+4482.0%$980K-92.1%$10.6M+89.4%$13.6M+15.5%$401K+111.7%$12.4M-6.9%$5.6M+117.7%
Depreciation & Amortization$3.0M-21.6%$2.9M-32.6%-$6.9M-5.7%$2.7M-21.8%$3.8M+9.5%$4.3M+22.8%-$6.5M-32.8%$3.5M+11.1%
Stock-Based Compensation$3.9M-45.9%$4.1M-21.5%N/A$6.3M-37.7%$7.2M-27.7%$5.2M-37.9%N/A$10.2M-13.7%
Capital Expenditures$5.0M+205.4%$4.3M+419.4%$3.2M+300.9%$3.0M+178.9%$1.7M+55.2%$825K+2.4%$787K$1.1M
Free Cash Flow$50K-99.6%$14.1M+3422.9%-$2.2M-118.8%$7.6M+68.2%$11.9M+11.5%-$424K+90.0%$11.6M$4.5M
Investing Cash Flow-$5.7M+73.1%-$5.4M-131.1%-$6.0M-114.0%-$6.8M-173.5%-$21.2M-135.2%$17.4M+350.5%$42.6M+481.4%$9.3M-65.0%
Financing Cash Flow-$154K-108.3%-$54K+99.9%$61K+103.8%-$110K+99.9%$1.8M+1278.4%-$54.9M-11214.2%-$1.6M-1056.8%-$112.1M-39425.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

CMRC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CMRC quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin75.2%-3.8pp76.8%-2.6pp78.3%+0.7pp78.4%+2.1pp79.0%+3.2pp79.4%+2.3pp77.6%+0.1pp76.3%+0.7pp
Operating Margin3.2%+11.2pp6.6%+9.6pp-7.4%-6.5pp-0.5%+22.4pp-8.0%+8.4pp-2.9%+7.3pp-0.9%+5.9pp-23.0%+5.5pp
Net Margin1.3%+11.2pp4.3%+4.7pp-9.3%-6.6pp-2.6%+5.7pp-9.9%+3.8pp-0.4%+7.5pp-2.8%+1.0pp-8.3%+17.7pp
Return on Equity2.1%+23.8pp8.0%+8.9pp-21.3%-14.1pp-5.2%+18.9pp-21.6%+21.5pp-0.9%+22.8pp-7.2%+5.3pp-24.1%+78.1pp
Return on Assets0.3%+3.1pp1.1%+1.3pp-2.7%-2.0pp-0.7%+1.4pp-2.8%-0.3pp-0.1%+1.3pp-0.7%0.0pp-2.1%+2.6pp
Current Ratio2.03-0.1x1.98-0.4x1.98-0.9x2.14-0.7x2.13-2.4x2.34-2.7x2.85-2.0x2.81-2.3x
Debt-to-Equity3.03-1.0x3.34-0.8x3.99-2.5x3.67-6.9x4.06-9.0x4.14-8.5x6.49-6.8x10.56-6.5x
Asset Turnover0.260.0x0.270.0x0.290.0x0.280.0x0.28+0.1x0.29+0.1x0.26+0.1x0.25+0.1x
FCF Margin0.1%-14.0pp16.2%+16.7pp-2.4%-15.7pp8.8%+3.4pp14.1%+1.1pp-0.5%+4.8pp13.3%5.4%

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Commerce.com, Inc. CMRC FY2025 $342.3M -$19.3M -5.7% $212.1M 36/100
Pubmatic, Inc. PUBM FY2025 $282.9M -$14.0M -5.0% $742.0M 43/100
Cs Disco Inc LAW FY2025 $156.8M -$44.4M -28.3% $266.8M 66/100
Ooma Inc OOMA FY2026 $273.6M $6.5M 2.4% $630.9M 35/100
Agora, Inc. API FY2025 $141.1M $9.5M 6.8% $347.5M 70/100

Frequently Asked Questions

What is Commerce.com, Inc.'s annual revenue?

Commerce.com, Inc. (CMRC) reported $342.3M in total revenue for fiscal year 2025. This represents a 2.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Commerce.com, Inc.'s revenue growing?

Commerce.com, Inc. (CMRC) revenue grew by 2.8% year-over-year, from $332.9M to $342.3M in fiscal year 2025.

Is Commerce.com, Inc. profitable?

No, Commerce.com, Inc. (CMRC) reported a net income of -$19.3M in fiscal year 2025, with a net profit margin of -5.7%.

Commerce.com, Inc. (CMRC) reported diluted earnings per share of -$0.24 for fiscal year 2025. This represents a 31.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Commerce.com, Inc. (CMRC) had EBITDA of -$12.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Commerce.com, Inc. (CMRC) had $44.3M in cash and equivalents against $157.0M in long-term debt.

Commerce.com, Inc. (CMRC) had a gross margin of 78.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Commerce.com, Inc. (CMRC) had an operating margin of -4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Commerce.com, Inc. (CMRC) had a net profit margin of -5.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Commerce.com, Inc. (CMRC) has a return on equity of -49.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Commerce.com, Inc. (CMRC) generated $16.9M in free cash flow during fiscal year 2025. This represents a -25.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Commerce.com, Inc. (CMRC) generated $25.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Commerce.com, Inc. (CMRC) had $308.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Commerce.com, Inc. (CMRC) invested $8.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Commerce.com, Inc. (CMRC) invested $73.0M in research and development during fiscal year 2025.

Commerce.com, Inc. (CMRC) had 82M shares outstanding as of fiscal year 2025.

Commerce.com, Inc. (CMRC) had a current ratio of 1.98 as of fiscal year 2025, which is generally considered healthy.

Commerce.com, Inc. (CMRC) had a debt-to-equity ratio of 3.99 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Commerce.com, Inc. (CMRC) had a return on assets of -6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Commerce.com, Inc. (CMRC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $212.1M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Commerce.com, Inc. (CMRC) trades at 0.6x sales, its market capitalization divided by revenue of $346.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $212.1M as of Sep 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Commerce.com, Inc. (CMRC) has an Altman Z-Score of -1.09, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Commerce.com, Inc. (CMRC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Commerce.com, Inc. (CMRC) reported a net loss of $19.3M while generating $25.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Commerce.com, Inc. (CMRC) reported an operating loss of $16.2M against $10.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Commerce.com, Inc. (CMRC) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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