Commerce.com, Inc. income statement
In fiscal 2025, Commerce.com, Inc. reported revenue of $342m, up 2.8% on the year before, operating income of −$16.2m (a -4.7% margin) and net income of −$19.3m, or −$0.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 112 | 152 | 220 | 279 | 309 | 333 | 342 | 347 |
| Cost of revenue | 22 | 27 | 34 | 48 | 70 | 74 | 78 | 73 | 79 |
| Gross profit | 70 | 85 | 118 | 171 | 209 | 235 | 255 | 270 | 268 |
| Research and development | 42 | 43 | 48 | 65 | 88 | 83 | 81 | 73 | 71 |
| Selling and marketing | 46 | 61 | 72 | 105 | 141 | 140 | 130 | 137 | 125 |
| General and administrative | 19 | 22 | 36 | 51 | 69 | 59 | 62 | 56 | 55 |
| Operating income | −38 | −41 | −39 | −76 | −141 | −72 | −42 | −16 | 1 |
| Interest expense | 1 | 2 | 3 | 1 | 3 | 3 | 6 | 10 | 10 |
| Income before tax | −39 | −43 | −38 | −77 | −139 | −65 | −26 | −18 | −5 |
| Income tax | 0 | 0 | 0 | −0 | 0 | 0 | 1 | 1 | 1 |
| Net income | −39 | −43 | −38 | −77 | −140 | −65 | −27 | −19 | −6 |
| Diluted EPS | −$2.59 | −$2.80 | −$0.99 | −$1.08 | −$1.91 | −$0.86 | −$0.35 | −$0.24 | −$0.07 |
| Diluted shares (average) | 17m | 18m | 39m | 71m | 73m | 75m | 78m | 80m | 82m |
| EBITDA | −36 | −38 | −36 | −73 | −137 | −68 | −38 | −12 | 3 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 84 | 87 | 82 | 84 | 86 | 90 | 87 | 85 |
| Cost of revenue | 20 | 19 | 17 | 18 | 19 | 19 | 20 | 21 |
| Gross profit | 64 | 68 | 65 | 67 | 67 | 70 | 67 | 64 |
| Research and development | 21 | 20 | 19 | 18 | 17 | 18 | 18 | 18 |
| Selling and marketing | 33 | 30 | 30 | 35 | 36 | 35 | 26 | 28 |
| General and administrative | 16 | 15 | 14 | 16 | 12 | 14 | 14 | 14 |
| Operating income | −19 | −1 | −2 | −7 | −0 | −7 | 6 | 3 |
| Interest expense | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Income before tax | −7 | −2 | 0 | −8 | −2 | −8 | 4 | 1 |
| Income tax | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Net income | −7 | −2 | −0 | −8 | −2 | −8 | 4 | 1 |
| Diluted EPS | −$0.09 | −$0.03 | $0.00 | −$0.10 | −$0.03 | −$0.10 | $0.05 | $0.01 |
| EBITDA | −16 | −7 | 2 | −3 | 2 | −13 | 9 | 6 |
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