Commerce.com plans $60–80M cost cuts, boosts 2026 view

Commerce.com, Inc. (CMRC) adopted a strategic operating plan aimed at reducing costs and raising profitability and free cash flow.

Rhea-AI Filing Summary

Commerce.com, Inc. (CMRC) adopted a strategic operating plan aimed at reducing costs and raising profitability and free cash flow. The plan is expected to generate approximately $60–$80 million of annualized non-GAAP operating cost savings, or $0.73–$0.97 per diluted share, with the full annualized benefit anticipated in 2027. Management is targeting full-year non-GAAP operating margins of at least 20% beginning in 2027.

The company expects to incur $4.2–$8.8 million of restructuring and other one-time expenses in the fiscal third quarter ended September 30, 2026 and an additional $4.3–$17.5 million in the fourth quarter of fiscal 2026, primarily for severance, facilities, professional services, infrastructure and related costs. Commerce plans to exclude these charges from non-GAAP measures and benefit from approximately $353 million of net operating loss carryforwards and other tax attributes.

Commerce reaffirmed its 2026 total revenue outlook of $336.5–$344.5 million and raised its 2026 non-GAAP operating income guidance to $31.0–$37.0 million from prior guidance of $28.0–$34.0 million, incorporating about $3 million of savings expected in 2026. The Board also authorized a share repurchase program of up to $50 million of common stock effective September 10, 2026 through September 10, 2028, to be funded with available cash and cash flow.

Positive

• $60–$80 million of annualized cost savings expected from the strategic operating plan, translating to $0.73–$0.97 per diluted share, with a goal of achieving at least 20% non-GAAP operating margins from 2027.
• The company raised its 2026 non-GAAP operating income guidance from $28.0–$34.0 million to $31.0–$37.0 million, reflecting about $3 million of savings expected to be realized in 2026.
• The Board authorized a share repurchase program of up to $50 million over two years, to be funded from available cash and cash flow, signaling capacity to return capital to shareholders.
• Commerce reports approximately $353 million of net operating loss carryforwards and other tax attributes, which are expected to reduce cash taxes on incremental earnings and support stronger free cash flow conversion.

Negative

• The cost-reduction plan will incur $4.2–$8.8 million of restructuring and other one-time expenses in the third quarter of 2026 and an additional $4.3–$17.5 million in the fourth quarter, largely for severance and related costs.
• The company notes risks that the plan could cost more than anticipated or negatively affect operations, personnel recruitment and retention, which could impact execution and growth if challenges materialize.

8-K Event Classification

4 items: 2.05, 7.01, 8.01, 9.01

4 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Annualized cost savings: $60–$80 million Per-share savings impact: $0.73–$0.97 per diluted share Target non-GAAP operating margin: At least 20% +7 more

10 metrics

Annualized cost savings $60–$80 million Expected annualized non-GAAP operating cost savings from the strategic operating plan

Per-share savings impact $0.73–$0.97 per diluted share Annualized cost savings per diluted share based on diluted share count as of June 30, 2026

Target non-GAAP operating margin At least 20% Full-year non-GAAP operating margin target beginning in 2027 and on an ongoing basis

2026 revenue guidance $336.5–$344.5 million Full-year 2026 total revenue outlook, reaffirmed

2026 non-GAAP operating income guidance (updated) $31.0–$37.0 million Raised from prior guidance of $28.0–$34.0 million, reflecting about $3 million of savings in 2026

Restructuring expenses Q3 2026 $4.2–$8.8 million Estimated restructuring and other one-time expenses in the fiscal third quarter ended September 30, 2026

Restructuring expenses Q4 2026 $4.3–$17.5 million Estimated restructuring expenses in the company’s fourth quarter of fiscal 2026

Share repurchase authorization $50 million Maximum amount of common stock authorized for repurchase from September 10, 2026 to September 10, 2028

Net operating loss carryforwards and other tax attributes $353 million Total as of June 30, 2026 expected to reduce cash taxes on incremental earnings

Fully diluted shares 82.6 million shares Approximate fully diluted shares outstanding for the six months ended June 30, 2026

Key Terms

non-GAAP operating income, Adjusted EBITDA, free cash flow, net operating loss carryforwards, +2 more

6 terms

non-GAAP operating income financial

"The Company intends to exclude these charges from its Non-GAAP financial measures, including Non-GAAP Operating Income"

Non-GAAP operating income is a measure of a company's profit from its core business activities, calculated by excluding certain expenses or income that are not part of regular operations. It provides a clearer picture of how well the business is performing by focusing on ongoing operations, helping investors compare companies more consistently and make better-informed decisions.

Adjusted EBITDA financial

"The Company intends to exclude these charges from its Non-GAAP financial measures, including ... Adjusted EBITDA"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"The plan is expected to generate approximately $60 million to $80 million of annualized cost savings ... and materially increase profitability and free cash flow"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

net operating loss carryforwards financial

"Benefit from approximately $353 million of total net operating loss carryforwards and other tax attributes"

Net operating loss carryforwards are tax rules that let a company apply past operating losses against future taxable profits, reducing the amount of tax it must pay when it returns to profitability. Think of it like a negative balance in a tax ledger that can be used to lower future tax bills, improving after-tax cash flow and earnings; investors track the size, expiration rules and any limits because they affect valuation and future cash available to the business.

share repurchase program financial

"The Company’s Board of Directors has authorized the repurchase of up to $50 million of Commerce common stock"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

restructuring charges financial

"The Company currently expects to incur approximately $4.2 million to $8.8 million of restructuring and other one-time expenses"

Restructuring charges are costs that a company pays when it changes how it operates, like closing factories or laying off employees. These expenses are often one-time and happen to help the company become more efficient in the long run. They matter because they can affect the company's profits and how investors see its future prospects.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What cost savings does CMRC expect from its new strategic operating plan?

Commerce.com expects the plan to generate approximately $60–$80 million of annualized non-GAAP operating cost savings, equal to $0.73–$0.97 per diluted share based on the diluted share count as of June 30, 2026, with the full benefit reflected in 2027.

How did Commerce.com (CMRC) change its full-year 2026 guidance?

Commerce reaffirmed 2026 total revenue of $336.5–$344.5 million and raised its non-GAAP operating income guidance to $31.0–$37.0 million, up from prior guidance of $28.0–$34.0 million, incorporating about $3 million of expected savings in 2026.

What restructuring charges will CMRC incur from the cost-reduction plan?

Commerce expects $4.2–$8.8 million of restructuring and other one-time expenses in the third quarter of 2026 and $4.3–$17.5 million in the fourth quarter of fiscal 2026, primarily related to severance, facilities, professional services, infrastructure and other related costs.

What share repurchase authorization did Commerce.com (CMRC) announce?

The Board authorized the repurchase of up to $50 million of common stock from September 10, 2026 through September 10, 2028. Repurchases may occur in open market or privately negotiated transactions and are expected to be funded by available cash and cash flow.

What are Commerce.com’s (CMRC) 2026 and Q3 2026 revenue and non-GAAP operating income outlooks?

For 2026, Commerce expects revenue of $336.5–$344.5 million and non-GAAP operating income of $31.0–$37.0 million. For Q3 2026, it reaffirms revenue of $82.5–$85.5 million and non-GAAP operating income of $3.3–$5.3 million.

How do tax attributes support CMRC’s free cash flow outlook?

Commerce reports approximately $353 million of net operating loss carryforwards and other tax attributes as of June 30, 2026, which it expects will reduce cash taxes on incremental earnings and help support strong conversion of earnings into free cash flow.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 08:06 AM Accepted by SEC EDGAR 09/10/2026 - 08:06 AM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 9, 2026

Commerce.com, Inc.

(Exact name of registrant as specified in charter)

Delaware		001-39423		46-2707656
(State or Other Jurisdiction of  Incorporation)		(Commission File Number)		(I.R.S. Employer Identification  Number)

11920 Alterra Parkway
D11 / Suite 100

8th Floor
Austin, Texas 78758

(Address of principal executive offices, including zip code)

(512) 865-4500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Series 1 Common Stock, $0.0001 par value per share	CMRC	The Nasdaq Global Market
Series A Junior Participating Preferred Stock, par value $0.0001 per share	N/A	The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

□ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 2.05 Costs Associated with Exit or Disposal Activities.

On September 9, 2026, Commerce.com, Inc. (the “Company”) committed to a plan (the “Plan”) to further align the Company’s current workforce with its on-going cost structure. The decision to implement the Plan is based on continuous improvement efforts to reduce costs, increase profitability and increase the Company’s earnings and cash flow capacity.

The Company estimates that it will incur between $4.2 million and $8.8 million of expenses associated with the Plan in the Company’s fiscal third quarter that ends September 30, 2026, and additional expenses of $4.3 million to $17.5 million related to the Plan until its completion which is anticipated to be in the fourth fiscal quarter ended December 31, 2026. These expenses are primarily related to severance payments, facilities, professional services, infrastructure, and other related costs. The expenses the Company expects to incur are subject to assumptions, and actual expenses may differ from the estimates disclosed above.

The Company may incur other expenses or cash outflows not currently contemplated due to unanticipated events that may occur as a result of or in connection with the Plan. The Company intends to exclude these charges from its Non-GAAP financial measures, including Non-GAAP Operating Income, Adjusted EBITDA and Non-GAAP Net Income.

Item 7.01 Regulation FD Disclosure.

On September 10, 2026, the Company issued a press release.
 

The press release issued September 10, 2026, is furnished herewith as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as otherwise stated in such filing.

Item 8.01 Other Events.

On September 10, 2026, the Company announced that its Board of Directors authorized the repurchase of up to $50 million of the Company’s outstanding common stock. Under this new program, share repurchases may be made from time to time depending on market conditions, share price, share availability, and other factors at the Company’s discretion. This share repurchase authorization is effective September 10, 2026, and expires on the earlier of September 10, 2028, or when the repurchase of $50 million of shares has been reached.

Any repurchase of shares will take place in open market transactions or privately negotiated transactions in accordance with applicable securities and other laws, including the Securities Exchange Act of 1934. The Company intends to finance the repurchase program using its available cash and cash equivalents. The Company's Board of Directors may modify, suspend, extend or terminate the repurchase program at any time.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements, including the Company’s estimates of the amount and timing of charges that it expects to incur in the Plan, and the benefits that the Company anticipates from the Plan. These forward-looking statements are based on the Company’s current beliefs and expectations, and are subject to inherent risks and uncertainties. Actual results could differ materially, and therefore you should not place undue reliance on any forward-looking statements. Risks include, but are not limited to, that the Plan could cost more than anticipated, that the Plan could negatively affect the Company’s ability to recruit and retain skilled personnel, that the Plan could negatively affect the Company’s business operations, as well as the risks described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most

recent reports on Form 10-K and Form 10-Q. The Company assumes no obligation to update any such forward-looking statements, except as required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release issued by Commerce.com, Inc. dated September 10, 2026
104		Cover page interactive data file (embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Commerce.com, Inc.
Date: September 10, 2026	By:	/s/ Hubert Ban
		Hubert Ban
		Senior Vice President

Exhibit 99.1

Commerce Announces Strategic Operating Plan to Accelerate Profitability and Free Cash Flow Generation

Company targets full-year non-GAAP operating margins of at least 20% beginning in 2027 and materially higher free cash flow

Plan expected to generate approximately $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 on a per diluted share basis

Board authorizes up to $50 million of share repurchases over the next two years

AUSTIN, Texas – September 10, 2026 – Commerce.com, Inc. (Nasdaq: CMRC) ("Commerce" ,“We” or the "Company"), a data-centric provider of an open, AI-driven commerce ecosystem that enables businesses to unlock data, power intelligent discovery and deliver personalized experiences at scale, today announced a strategic operating plan designed to reduce costs and materially increase profitability and free cash flow.

The plan is expected to generate approximately $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 on a per diluted share basis (based on diluted share count as of June 30th, 2026). Commerce expects to realize approximately $3 million, or 4%, of the anticipated savings during 2026, with the full annualized benefit reflected in 2027.

The plan increases efficiency while protecting investments in the products and capabilities that will drive future growth. Investment will stay focused on complex commerce needs across B2B and B2C, especially the Company's differentiated B2B position, along with continued investment in payments, Feedonomics, product intelligence, and agentic commerce. Spending will be reduced in areas that are less central to the Company’s strategy or where expected returns are lower.

“Over the past several quarters, we have focused Commerce on the parts of the business where we see the strongest opportunities to grow,” said Travis Hess, Chief Executive Officer of Commerce. “We also need to be more disciplined about what we spend and the returns we generate from those investments. This plan reduces costs while protecting our key growth investments, and we expect it to meaningfully increase profitability and free cash flow.”

Financial Impact and Objectives

As part of the plan, Commerce is targeting full-year non-GAAP operating margins of at least 20% beginning in 2027 and on an ongoing basis thereafter.

The plan is expected to:

•Reduce the Company's annualized non-GAAP operating cost base by approximately $60 million to $80 million, with the majority of these savings expected to translate into additional free cash flow.

•Deliver approximately $0.73 to $0.97 on a per diluted share basis (based on diluted share count as of June 30, 2026) of annualized cost savings.

•Benefit from approximately $353 million of total net operating loss carryforwards and other tax attributes as of June 30, 2026, which are expected to reduce cash taxes on incremental earnings and support strong conversion to free cash flow.

The plan primarily includes reductions in operating costs, such as staffing, professional services, facilities, software, and infrastructure. Commerce also expects to realize continued efficiency improvements through the expanded use of AI across its internal operations. Commerce expects the majority of the actions and expenses related to the Plan to be implemented and recorded by the end of our fiscal fourth quarter 2026 and the plan to be substantially complete by our second quarter in fiscal 2027.

The Company currently expects to incur approximately $4.2 million to $8.8 million of restructuring and other one-time expenses in the Company’s third quarter ended September 30, 2026 and $4.3 million to $17.5 million of restructuring expenses in the Company’s fourth quarter of fiscal 2026.

“This plan materially increases the profitability and free cash flow we believe Commerce can generate without changing our growth strategy,” said Daniel Lentz, Chief Financial Officer and Chief Operating Officer of Commerce. “At our current revenue base, we believe the business can generate meaningfully more cash. Our existing tax attributes should also help limit cash taxes and support strong free cash flow conversion. As free cash flow increases, we expect to have greater flexibility to return capital to shareholders while maintaining a strong balance sheet and continuing to invest in the business.”

Share Repurchase Authorization

The Company’s Board of Directors has authorized the repurchase of up to $50 million of Commerce common stock over the next two years beginning on September 10, 2026 through September 10, 2028. The repurchase is expected to be funded from cash flow generated by the Company's disciplined approach to capital allocation and operating performance.

Exhibit 99.1

Any repurchases of shares may be made from time to time at the Company’s discretion. The timing, amount and method of any repurchases will depend on market conditions, the Company’s financial position, other uses of capital and other relevant factors. The authorization does not require Commerce to repurchase any specific amount of stock and may be modified, suspended or discontinued at any time.

2026 Financial Outlook

As a result of the plan, Commerce is updating its full-year 2026 guidance. The Company is reaffirming its full-year revenue guidance and raising its full-year non-GAAP operating income guidance by $3 million to reflect savings expected to be realized in 2026. The Company currently expects:

•Total revenue between $336.5 million and $344.5 million.

•Non-GAAP operating income between $31.0 million and $37.0 million.

The Company is also reaffirming its third quarter 2026 guidance of total revenue between $82.5 million and $85.5 million and non-GAAP operating income between $3.3 million and $5.3 million, unchanged from the guidance provided on August 6, 2026.

Prior full-year 2026 guidance was for total revenue of $336.5 million to $344.5 million and non-GAAP operating income of $28.0 million to $34.0 million. The Company currently has approximately 82.6 million fully diluted shares outstanding for the six months ended June 30, 2026.

The updated outlook incorporates approximately $3 million of savings expected to be realized during the remainder of 2026 (as reflected in our updated non-GAAP operating income outlook above). The strategic operating plan is not expected, by itself, to have a material impact on the Company's 2026 revenue outlook.

About Commerce

Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit www.commerce.com or follow us on X and LinkedIn.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of applicable federal securities laws. These statements include, among other things, statements regarding the scope, timing and implementation of the Company's strategic operating plan; expected cost savings, charges and cash expenditures; anticipated effects on revenue, operating income, margins, earnings per share and free cash flow; the Company's financial objectives and guidance; preservation of strategic investments; future growth opportunities; and the expected use of net operating loss carryforwards.

Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include the Company's ability to implement the plan within the anticipated timeframe, the possibility that expected savings may not be fully realized, potential disruption to the Company's operations, customers or employees, and the other risks described in the Company's filings with the Securities and Exchange Commission, including under the caption "Risk Factors." Forward-looking statements speak only as of the date they are made, and Commerce assumes no obligation to update them except as required by law.

Use of Non-GAAP Financial Measures

This press release includes certain financial measures that have not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"), including non-GAAP operating income and free cash flow. These measures are supplemental to, and should not be considered in isolation or as substitutes for, comparable GAAP measures.

Commerce defines non-GAAP operating income as GAAP income or loss from operations excluding stock-based compensation expense and related payroll taxes, amortization of intangible assets, acquisition-related costs and restructuring charges. The most directly comparable GAAP measure is income or loss from operations.

Commerce defines free cash flow as net cash provided by operating activities less capital expenditures. The most directly comparable GAAP measure is net cash provided by operating activities.

Exhibit 99.1

The Company does not provide guidance for GAAP income or loss from operations or cash flows from operating activities. A reconciliation of forward-looking non-GAAP operating income and free cash flow to the most directly comparable GAAP measures is not available without unreasonable effort because reliable estimates for certain reconciling items are unavailable. These items may vary significantly between periods and could materially affect future financial results.

BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of Commerce.com Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

Media Relations Contact

Brad Hem

PR@commerce.com

Investor Relations Contact

Tyler Duncan

InvestorRelations@commerce.com

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 33.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 27.0 KB