{ "ok": true, "cik": "1626450", "ticker": "CMRC", "name": "Commerce.com, Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-10", "items": [ "2.05 Costs Associated with Exit or Disposal Activities", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526387279/0001193125-26-387279-index.htm" }, { "form": "10-Q", "filed": "2026-08-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526336710/0001193125-26-336710-index.htm" }, { "form": "8-K", "filed": "2026-08-06", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526336701/0001193125-26-336701-index.htm" }, { "form": "8-K", "filed": "2026-05-14", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526224115/0001193125-26-224115-index.htm" }, { "form": "10-Q", "filed": "2026-05-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526210321/0001193125-26-210321-index.htm" }, { "form": "8-K", "filed": "2026-05-07", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1626450/000119312526210317/0001193125-26-210317-index.htm" } ], "events12m": 9, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001626450.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1626450" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Commerce.com, Inc. ($CMRC). Last filing: 8-K (2.05 Costs Associated with Exit or Disposal Activities), 2026-09-10. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 342349000, "revenueGrowth1y": 0.02830049830743686, "revenueGrowthPerYear": 0.1170771778939459, "yearsOfData": 5, "operatingMargin": -0.04736978930857108, "operatingMarginPrior": -0.12520462443718894, "netMargin": -0.05649790126449909, "operatingCashFlow": 25491000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": 73021000, "researchShareOfRevenue": 0.21329403620282228, "cash": 44258000, "longTermDebt": 157049000, "longTermDebtChange": -0.27448652444263766, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 219855000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 279075000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 309394000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 332927000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 342349000 } ], "totalEquity": 39354000, "totalAssets": 308791000, "equityRatio": 0.12744542425135447, "returnOnEquity": -0.4914875235045993, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 283383857.6317916, "high": 455469136.2900424, "baseline": 359259454.40135854, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 283383857.6317916, "high": 455469136.2900424 } }, "edgarette": "🔖 Exposure: revenue $342.3M (FY2025), total debt $157.0M. Experience: revenue up 2.8% on the year, up 11.7% a year over 4 years; operating margin -4.7%, up from -12.5%. Soundness: equity 12.7% of assets, return on equity -49.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $283.4M and $455.5M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin -4.7% against a 0.9% median; growth 2.8% against 13.0%.", "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "summary": "Commerce.com (CMRC) grew revenue 2.8% in FY2025 to $342 million, operating margin -4.7% against a 0.9% median for services-prepackaged software, equity 12.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Commerce.com, Inc. against its own record and its peers
Operating marginPeer median 0.9%-4.7%Revenue, on the yearPeer median 13.0%2.8%Equity of assetsPeer median 50.0%12.7%Return on equityPeer median 2.3%-49.1%Gold tick: the median of 120–136 peers with $50M+ revenue in services-prepackaged software
", "chartHorizon": null, "backtest": { "tests": 4, "hits": 4, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:41.494Z", "hash": "be1c1d4c5149c4b9", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Commerce.com (CMRC) grew revenue 2.8% in FY2025 to $342 million, operating margin -4.7% against a 0.9% median for services-prepackaged software, equity 12.7% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 342349000, "totalDebt": 157049000, "cash": 44258000 }, "experience": { "revenueGrowth1y": 0.02830049830743686, "revenueGrowthPerYear": 0.1170771778939459, "operatingMargin": -0.04736978930857108, "operatingMarginPrior": -0.12520462443718894, "netMargin": -0.05649790126449909, "freeCashFlow": null }, "soundness": { "equityRatio": 0.12744542425135447, "returnOnEquity": -0.4914875235045993, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 283383857.6317916, "high": 455469136.2900424, "baseline": 359259454.40135854, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 4, "hits": 4, "rate": 1, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:41.494Z", "hash": "be1c1d4c5149c4b9", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001626450.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1626450" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }