NASDAQ$CMRC

Commerce.com Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

CMRC reported Q4 2025, revenue of $89.5M, net loss of $8.4M.

For Q4 2025, CMRC reported revenue of $89.5M, a net loss of $8.4M. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $89.5M.
  • Net loss $8.4M.
  • CMRC highlights liquidity, operations, and forward priorities.

Headline financials

Total Revenue

$89.5M

Previous: $87M+2.8%
EPS (adj)

$0.07

Previous: $0.11-36.4%
Total ARR

$359M

Previous: $349M+3.0%
Enterprise Accounts ARR

$287M

Previous: $261M+10.0%
Number of Enterprise Accounts

6.6K

Previous: 5.9K+13.0%
ARPA of Enterprise Accounts

$43.2K

Previous: $44.5K-3.0%
Adjusted EBITDA

$8.34M

Previous: $11M-24.4%
Non-GAAP Operating Income

$7.42M

Previous: $10.1M-26.4%
Non-GAAP Net Income

$5.64M

Previous: $8.45M-33.2%
GAAP Gross Margin

78.0%

Previous: 78.0%+0.0%
Non-GAAP Gross Margin

79.0%

Previous: 78.0%+1.3%
Enterprise ARR % of Total ARR

80.0%

Previous: 75.0%+6.7%
Gross Merchandise Volume

$8.85B

Previous: $7.9B+12.0%
Net Revenue Retention

95.2%

Previous: 95.0%+0.2%
Net Income

-$8.36M

Previous: -$2.4M-248.5%
Operating Income

-$6.59M

Previous: -$751K-776.8%
Gross Profit

$70.1M

Previous: $67.6M+3.7%

Revenue & EPS history

BigCommerce · Revenue · Quarterly

$89.5M

Q4 2025+2.8%vs Q4 2024
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

BigCommerce · $78M total across 2 segments · Q3 2023

  • Subscription solutions
    $58.7M+10.3%
  • Partner and services
    $19.3M+0.9%

Forward guidance

The release discusses CMRC's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • CMRC cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-2.4%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-2.9%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+30.4%

Q3 2021

Best reaction

-32.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.3%-1.0%-2.1%
Q4 2025-10.2%+6.2%+0.0%
Q3 2025+0.6%+11.1%-0.6%
Q1 2025+0.6%+2.5%+1.2%
Q4 2024-6.7%+2.7%-10.5%
Q3 2024+9.5%+13.5%+36.2%
Q2 2024-23.8%-27.4%-27.7%
Q1 2024+13.5%+17.5%+19.6%
Q4 2023-4.8%-4.7%-11.8%
Q3 2023-16.3%-15.3%-9.4%
Q2 2023+20.4%+9.0%+8.2%
Q1 2023+3.4%+0.0%+32.5%
Q4 2022-18.9%-15.6%-24.4%
Q3 2022-32.1%-39.5%-29.5%
Q2 2022+3.3%+4.4%-15.7%
Q1 2022+12.7%+4.8%+2.2%
Q4 2021-13.7%-17.3%-12.3%
Q3 2021+30.4%+39.1%-9.8%
Q2 2021-8.7%-9.9%-14.3%
Q1 2021-10.5%-2.5%+24.9%
Q4 2020-10.5%-16.5%-23.7%
Q3 2020-3.8%-9.7%-2.8%
Q2 2020-12.8%-14.3%+2.5%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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