Commerce.com Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-13.37	-27.03	-64.67	-139.92	-76.68	-37.56
Depreciation & Amortization	14.18	13.81	12.48	11.42	6.15	3.08
Other Amortization	0.76	1.58	1.98	1.96	0.57	0.77
Stock-Based Compensation	25.59	35.38	41.19	42.33	25.42	11.06
Provision & Write-off of Bad Debts	2.51	3.21	0.81	8.24	3.47	1.59
Other Operating Activities	-5.08	-10.23	0.24	3.76	-	-4.41
Change in Accounts Receivable	-7.52	-14.21	-3.88	-20.34	-17.28	-9.31
Change in Accounts Payable	1.46	-0.9	0.96	-1.2	2.14	1.91
Change in Unearned Revenue	12.83	14.35	12.56	5.31	1.4	1.82
Change in Other Net Operating Assets	5.51	10.29	-25.9	-0.93	14.5	4.51
Operating Cash Flow	36.87	26.25	-24.24	-89.36	-40.3	-26.53
Capital Expenditures	-6.23	-3.72	-4.18	-5.2	-3.3	-1.96
Cash Acquisitions	-	-0.1	-7.89	-0.7	-81.07	-
Investment in Securities	40.67	109.11	14.89	-110.63	-102.51	-
Investing Cash Flow	32	105.29	2.82	-116.53	-186.88	-1.96
Long-Term Debt Issued	-	-	1.08	-	345	41.86
Long-Term Debt Repaid	-	-109.12	-0.39	-	-	-28.62
Net Debt Issued (Repaid)	-54.67	-109.12	0.69	-	345	13.24
Issuance of Common Stock	3.73	1.71	3.85	0.21	5.88	239.52
Repurchase of Common Stock	-1.94	-2.45	-3.29	-	-	-
Preferred Dividends Paid	-	-	-	-	-	-12.81
Dividends Paid	-	-	-	-	-	-12.81
Other Financing Activities	-1.87	-4.18	-	-	-45.61	-
Financing Cash Flow	-54.75	-114.04	1.24	0.21	305.27	239.95
Net Cash Flow	14.12	17.51	-20.19	-205.67	78.1	211.46
Free Cash Flow	30.64	22.53	-28.42	-94.55	-43.6	-28.49
Free Cash Flow Margin	9.02%	6.77%	-9.19%	-33.88%	-19.83%	-18.70%
Free Cash Flow Per Share	0.39	0.29	-0.38	-1.29	-0.61	-0.73
Cash Interest Paid	5.69	2.47	0.89	0.9	-	2.29
Cash Income Tax Paid	0.67	0.38	0.58	0.03	-	-
Levered Free Cash Flow	39.64	42.75	5.72	-12.55	-7.18	-10.04
Unlevered Free Cash Flow	45.28	44.95	5.55	-12.75	-7.23	-8.88
Change in Working Capital	12.28	9.54	-16.26	-17.16	0.75	-1.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.