# Commerce.com, Inc. (CMRC) · Edgar & Edgarette company card

> Commerce.com (CMRC) grew revenue 2.8% in FY2025 to $342 million, operating margin -4.7% against a 0.9% median for prepackaged software, equity 12.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1626450 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/CMRC) · [JSON](https://www.pops4.com/boards/company/CMRC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $342M |
| Revenue growth, 1 year | 2.8% |
| Revenue growth per year | 11.7% |
| Operating margin | -4.7% (prior year -12.5%) |
| Net margin | -5.6% |
| Operating cash flow | $25M |
| Capital spending | $9M |
| Free cash flow | $17M |
| Cash | $44M |
| Long-term debt | $157M |
| Total assets | $309M |
| Total equity | $39M |
| Equity ÷ assets | 12.7% |
| Return on equity | -49.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.71 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -3.05 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · filed restructuring or exit costs in the last 12 months; operating loss: a margin of -4.7% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

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 $300.6M and $412.6M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $277.5M to $448.5M. A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin -4.7% against a 0.9% median; growth 2.8% against 13.0%.

Range logged 2026-09-24, receipt e94355e3facf4948, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 2, latest 2026-09-10 ([filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526387279/0001193125-26-387279-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-01-07 ([filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526006391/0001193125-26-006391-index.htm))

## Recent filings

- 8-K · filed 2026-09-10 · 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526387279/0001193125-26-387279-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526336710/0001193125-26-336710-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526336701/0001193125-26-336701-index.htm)
- 8-K · filed 2026-05-14 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526224115/0001193125-26-224115-index.htm)
- 10-Q · filed 2026-05-07 · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526210321/0001193125-26-210321-index.htm)
- 8-K · filed 2026-05-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1626450/000119312526210317/0001193125-26-210317-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001626450.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1626450

## Cite

POPS4, Edgar & Edgarette: Commerce.com, Inc. (CMRC) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/CMRC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.