Companies · CMRC
Commerce.com
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Latest analysis
Updated Nov 5, 2026
Commerce.com raises FY2026 profitability outlook as GMV grows 14% YoY to $9B, while ARR declines and CFO departure adds transition risk.
Commerce.com delivered Q3 2026 revenue of $84.2 million in line with guidance while non-GAAP operating income of $8 million beat the high end of its range, driven by $3 million in cost savings pulled forward from Q4. GMV growth of 14% year-over-year to approximately $9 billion continues to outpace top-line revenue, with management explicitly naming payments monetization and agentic commerce as the two highest-priority growth levers for 2027. The CFO departure effective November 13 and preliminary 2027 revenue guidance of 'broadly in line with 2026 levels' signal that the near-term investment thesis is a margin-expansion and free-cash-flow story, not a revenue re-acceleration story.
Tone: mixedRevenue
$342.3M
CMRC 10-K · FY 2025
Employees
1,079
Revenue FY2024
$332.9M
Headquarters
Austin, TX
Profile
CMRC 10-K Item 1 · Mar 2, 2026Commerce.com (formerly BigCommerce Holdings) is a multi-product commerce technology provider offering an open, API-first SaaS ecosystem spanning storefronts, product data management, and visual site-building. The company serves B2C, B2B, and small business customers across retail, manufacturing, and wholesale verticals. Its three core products — BigCommerce, Feedonomics, and Makeswift — are designed to support merchants operating across traditional, headless, and emerging agentic commerce channels.
Read filing description ↓ Collapse description ↑
Commerce.com, Inc. provides an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale. Our platform supports a range of business models, including business-to-consumer ('B2C'), business-to-business ('B2B'), and small businesses ('SB') use cases, and is designed to provide the infrastructure necessary to operate online storefronts, manage catalogs and orders, distribute product data, and develop digital content across multiple channels. The Company's unified product portfolio includes: BigCommerce, our flexible, enterprise-grade software-as-a-service ('SaaS') ecommerce platform built for performance and extensibility; Feedonomics, our product data management and syndication platform that transforms product information into a strategic growth engine; and Makeswift, our visual site-building that enables teams to create and manage digital experiences with speed and control. Together, these offerings support customers at different stages of digital commerce maturity and enable them to adopt additional capabilities as their operations expand and become more complex. We serve customers across a broad range of B2C and B2B retail and wholesale sectors, including fashion and apparel, home and garden, sports and outdoors, food and beverage, jewelry, health and beauty, automotive, industrial, manufacturing, and more. Our platform is built on an API-first, multi-tenant architecture that supports both traditional and headless deployments.
Primary products
- BigCommerce
- Feedonomics
- Makeswift
- Feedonomics Surface
- BigCommerce payments
- Catalyst
Business segments
End markets
Geographies
Named customers
One individual customer represented more than 10 percent of our total revenue for the year ended December 31, 2025.
“We believe we possess one of the deepest and broadest ecosystems of integrated technology solutions in the ecommerce industry.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue increased by $9.4 million in 2025 versus 2024, driven by growth in both subscription solutions and partner and services revenue, representing a 2.8% increase year-over-year per the company's own geographic revenue table.
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