CMRC

Commerce.com, Inc.

62
Fundamentals61/ 100
Valuation50/ 100
Upside potential62/ 100
Risk potential37/ 100

CMRC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.

CMRC Fundamentals

MetricStatus
Stable
Stable
Stable
Weak

CMRC's revenue, profitability and cash flow are currently stable, but its balance sheet is weak.

CMRC PE Valuation

CMRC has no meaningful PE right now: it lost money over the past year.

CMRC Forward outlook

MetricOutlook
--
Strong growth
Stable
Strongly improving
Limited
Low

Analysts expect CMRC's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.

CMRC Risk to reward

ScenarioChangePrice
Upside+60%$5.65
Downside-37%$2.23

Calculated from the latest close: $3.54 on Nov 12.

CMRC's one-year upside scenario is somewhat larger than its downside: +60% against −37%.

CMRC Earnings Per Share

Q4 2023: $-0.86Q1 2024: $-0.64Q2 2024: $-0.54Q3 2024: $-0.36Q4 2024: $-0.35Q1 2025: $-0.27Q2 2025: $-0.22Q3 2025: $-0.16Q4 2025: $-0.24Q1 2026: $-0.19Q2 2026: $-0.08Q3 2026: $-0.09Forward: $0.57
Q4 2023: $-0.86Q1 2024: $-0.64Q2 2024: $-0.54Q3 2024: $-0.36Q4 2024: $-0.35Q1 2025: $-0.27Q2 2025: $-0.22Q3 2025: $-0.16Q4 2025: $-0.24Q1 2026: $-0.19Q2 2026: $-0.08Q3 2026: $-0.09Forward: $0.57
QuarterTTM EPSYoY
Forward$0.57—
Q3 2026-$0.09+$0.07
Q2 2026-$0.08+$0.14
Q1 2026-$0.19+$0.08
Q4 2025-$0.24+$0.11
Q3 2025-$0.16+$0.20
Q2 2025-$0.22+$0.32
Q1 2025-$0.27+$0.37
Q4 2024-$0.35+$0.51

CMRC is still losing money, but far less than before: $0.09 per share over the past year, against $1.95 at its worst in late 2022.

CMRC Quarterly Revenue

Q4 2023: $84MQ1 2024: $80MQ2 2024: $82MQ3 2024: $84MQ4 2024: $87MQ1 2025: $82MQ2 2025: $84MQ3 2025: $86MQ4 2025: $90MQ1 2026: $87MQ2 2026: $85MQ3 2026: $84M
Q4 2023: $84MQ1 2024: $80MQ2 2024: $82MQ3 2024: $84MQ4 2024: $87MQ1 2025: $82MQ2 2025: $84MQ3 2025: $86MQ4 2025: $90MQ1 2026: $87MQ2 2026: $85MQ3 2026: $84M
QuarterRevenueYoY
Q3 2026$84.2M-2.1%
Q2 2026$84.5M+0.1%
Q1 2026$86.8M+5.4%
Q4 2025$89.5M+2.9%
Q3 2025$86M+2.8%
Q2 2025$84.4M+3.2%
Q1 2025$82.4M+2.5%
Q4 2024$87M+3.4%

CMRC's revenue grew through 2024 and has held roughly level since: $84M last quarter, down 2.1% from the same quarter a year ago.

CMRC Free Cash Flow

Q4 2023: $13MQ1 2024: −$3MQ2 2024: $12MQ3 2024: $6MQ4 2024: --Q1 2025: −$424,000Q2 2025: $12MQ3 2025: $8MQ4 2025: −$2MQ1 2026: $14MQ2 2026: $50,000Q3 2026: $6M
Q4 2023: $13MQ1 2024: −$3MQ2 2024: $12MQ3 2024: $6MQ4 2024: --Q1 2025: −$424,000Q2 2025: $12MQ3 2025: $8MQ4 2025: −$2MQ1 2026: $14MQ2 2026: $50,000Q3 2026: $6M
QuarterFree cash flowYoY
Q3 2026$5.7M-24%
Q2 2026$50K-100%
Q1 2026$14.1M+$14.5M
Q3 2025$7.6M+36%
Q2 2025$11.9M+1.4%
Q1 2025-$424K+$3M
Q3 2024$5.6M+$37M
Q2 2024$11.7M-20%

CMRC has burned cash in most quarters: $18M over the past year, down 28% from the year before.

CMRC Total Shares

Q4 2023: 75MQ1 2024: 77MQ2 2024: 77MQ3 2024: 78MQ4 2024: 78MQ1 2025: 79MQ2 2025: 80MQ3 2025: 81MQ4 2025: 80MQ1 2026: 82MQ2 2026: 83MQ3 2026: 83M
Q4 2023: 75MQ1 2024: 77MQ2 2024: 77MQ3 2024: 78MQ4 2024: 78MQ1 2025: 79MQ2 2025: 80MQ3 2025: 81MQ4 2025: 80MQ1 2026: 82MQ2 2026: 83MQ3 2026: 83M
PeriodChange %Net change
Quarterly+0.2%+164K shares
1 year+2.7%+2.2M shares
3 years+10%+7.6M shares
5 years+16%+11.6M shares
Available history+46%+26.1M shares

CMRC has 83M diluted shares, up 2.7% from a year ago.

CMRC Net Leverage

Q3 2025: 28.3xQ1 2026: 23.6xQ2 2026: 7.7xQ3 2026: 5.2x
Q3 2025: 28.3xQ1 2026: 23.6xQ2 2026: 7.7xQ3 2026: 5.2x
QuarterNet LeverageStatus
Q3 20265.2xHigh
Q2 20267.7xHigh
Q1 202623.6xHigh
Q3 202528.3xHigh

CMRC's net debt is about 5.2 years of its operating earnings (EBITDA).

CMRC Weekly Momentum

MetricValueStatus
RSI56.5Neutral
Stochastic74.5Neutral

CMRC's weekly RSI is 57 (neutral) and its Stochastic is 74 (neutral).

CMRC PE vs Technology Sector

CMRC has no meaningful PE right now: it lost money over the past year.

CMRC Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$3.433.2% above
20 week MA$3.0616% above
50 week MA$3.1313% above
100 week MA$4.2116% below
200 week MA$6.2543% below

CMRC has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 43% below its 200-week average.

CMRC Yearly ROI

YearStart priceEnd priceROI
2020$79.0$72.8-7.8%
2021$72.8$38.5-47%
2022$38.5$8.34-78%
2023$8.34$9.73+17%
2024$9.73$6.13-37%
2025$6.13$4.19-32%
2026 YTD$4.19$3.54-16%

CMRC has finished lower in five of the last six years. It's down 16% so far in 2026.

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