Commerce.com
Runs storefront, product-data, and site-building software for digital commerce brands.
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Profile
Sells SaaS commerce tools through BigCommerce storefront software, Feedonomics product-data syndication, and Makeswift visual site building. Revenue is mainly subscription-based, the company reports one segment, and business is concentrated in the United States while also serving international markets.
Provides commerce software through BigCommerce, Feedonomics, and Makeswift. BigCommerce supports storefronts with an open API-first architecture, Feedonomics manages and syndicates product data across marketplaces and ad channels, and Makeswift lets teams build and update digital experiences.
Makes money mainly from subscription solutions, with partner and services revenue as the other disclosed revenue type. Operations are concentrated in the United States, with additional activity across EMEA, APAC, and the rest of world.
Execution depends on connecting storefront software, product-data flows, and visual content tools under the newer Commerce parent brand. The market is highly competitive, and the business is shaped by ease of use, channel integrations, AI capability, security, reliability, and brand recognition.
Company facts
Categories
Key statistics
Year to date −38.9% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Goldman Sachs | Target | $29 | $5 | ||
| Aug 7, 2026 | Canaccord Genuity | Downgrade | Buy | Hold | ||
| Jul 21, 2026 | UBS | Target | $3 | $3.50 | ||
| Feb 17, 2026 | Barclays | Reiterate | Underweight | $3 | $2 | |
| Feb 13, 2026 | UBS | Target | $3 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.04 | $0.08 | +88.1% | $85.1M | $84.5M | −0.7% | −31.96% |
| May 7, 2026Q1 FY26 | $0.11 | $0.13 | +18.2% | $83.2M | $86.8M | +4.3% | −12.92% |
| Feb 12, 2026Q4 FY25 | $0.07 | $0.07 | 0.0% | $90.3M | $89.5M | −0.9% | +12.60% |
| Nov 6, 2025Q3 FY25 | $0.01 | $0.08 | +700.0% | $90.2M | $86.0M | −4.6% | −1.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $82.4M | $84.4M | $86.0M | $89.5M | $86.8M | $84.5M | |
| Gross profit | $65.4M | $66.7M | $67.4M | $70.1M | $65.1M | $63.5M | |
| Operating income | −$2.4M | −$6.8M | −$435.0K | −$6.6M | $6.7M | $2.7M | |
| Net income | −$353.0K | −$8.4M | −$2.2M | −$8.4M | $3.7M | $1.1M | |
| Diluted EPS | −$0.00 | −$0.11 | −$0.03 | −$0.10 | $0.05 | $0.01 | |
| Gross margin | 79.4% | 79.0% | 78.4% | 78.3% | 75.0% | 75.2% | |
| Operating margin | -2.9% | -8.0% | -0.5% | -7.4% | 7.7% | 3.2% |
Fiscal years (4-quarter sums)FY21 $219.9M · FY22 $279.1M · FY23 $309.4M · FY24 $332.9M · FY25 $342.3M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $156.3M · Total debt $164.5M · Total assets $324.8M · Shareholders' equity $51.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 82.51M · Float 64.29M · 77.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lynrock Lake LP | 9.27M | 11.40% | 13G | Feb 17, 2026 |
| Pale Fire Capital SICAV a.s. | 5.40M | 6.50% | 13D | Aug 27, 2026 |
| Barclays PLC | 4.78M | 5.88% | 13G | Feb 11, 2026 |
| Vanguard Portfolio Management | 4.77M | 5.80% | 13G | Apr 29, 2026 |
| BlackRock, Inc. | 4.70M | 5.80% | 13G | Oct 17, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Daniel Lentz | officer: CFO & COO | −797 | $2.22 |
| Jul 1, 2026 | Daniel Lentz | officer: CFO & COO | −1,544 | $2.96 |
| May 26, 2026 | Daniel Lentz | officer: CFO & COO | −6,840 | $2.91 |
| Feb 17, 2026 | Ellen F. Siminoff | director, officer: Executive Chair | +100,000 | $2.94 |
| Sep 12, 2025 | Russell Scott Klein | officer: Chief Commercial Officer | −98,080 | $4.59 |
Peers
- Shopify
Hosted commerce platform and omnichannel operating system
- Salesforce
Enterprise B2C/B2B commerce tied to CRM and order flows
- Adobe
Enterprise commerce plus content-led digital experiences
- Amazon
Marketplace and fulfillment alternative to independent storefronts
- SAP (ADR)
Large-enterprise commerce tied to SAP back-office systems
- Wix
Website-building commerce for SMBs and professional agencies
- Oracle
Enterprise B2B/B2C commerce connected to Oracle Cloud
- SPS Commerce
Retail data network for item content, orders, and analytics
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Commerce.com | $2.55 | +2.85% | $206.3M | — | 10.1 | 0.6 | +0.1% |
| Shopify | $152.40 | −0.33% | $198.41B | 102.6 | 72.8 | 15.0 | +32.0% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| Adobe | $291.46 | −0.04% | $115.88B | 16.7 | 11.3 | 4.6 | +12.7% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Wix | $87.45 | −0.26% | $4.60B | — | 14.2 | 2.2 | +14.9% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| SPS Commerce | $84.90 | −0.01% | $3.06B | 41.0 | 16.7 | 4.0 | +5.6% |
| Median | 25.9 | 18.1 | 4.7 | +13.8% |