Commerce.com Income 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
Revenue	339.86	332.93	309.39	279.08	219.86	152.37
Revenue Growth (YoY)	2.97%	7.61%	10.86%	26.94%	44.29%	35.92%
Cost of Revenue	72.79	77.59	74.2	69.98	48.48	34.13
Gross Profit	267.07	255.34	235.19	209.1	171.38	118.24
Selling, General & Admin	187.96	191.4	199.07	210.78	156.19	108.61
Research & Development	74.74	80.88	83.46	88.25	64.55	48.33
Amortization of Goodwill & Intangibles	9.14	9.74	8.42	8.08	3.28	-
Operating Expenses	271.84	282.01	290.95	307.11	224.02	156.94
Operating Income	-4.77	-26.67	-55.76	-98.02	-52.64	-38.7
Interest Expense	-10.25	-6.05	-2.88	-2.83	-0.83	-3.1
Interest & Investment Income	5.42	10.57	11.49	4.2	0.13	0.03
Currency Exchange Gain (Loss)	-0.96	-0.96	-0.84	-0.23	-	-
Other Non Operating Income (Expenses)	0.15	-	-	-	-0.07	4.23
EBT Excluding Unusual Items	-10.41	-23.11	-47.99	-96.88	-53.41	-37.54
Merger & Restructuring Charges	-5.61	-15.01	-16.69	-42.55	-23.3	-
Other Unusual Items	3.93	12.11	-	-	-	-
Pretax Income	-12.09	-26.02	-64.67	-139.42	-76.71	-37.54
Income Tax Expense	1.28	1.02	-	0.5	-0.03	0.03
Net Income	-13.37	-27.03	-64.67	-139.92	-76.68	-37.56
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.96
Net Income to Common	-13.37	-27.03	-64.67	-139.92	-76.68	-38.52
Shares Outstanding (Basic)	80	78	75	73	71	39
Shares Outstanding (Diluted)	80	78	75	73	71	39
Shares Change (YoY)	3.24%	3.27%	2.62%	3.23%	81.45%	119.20%
EPS (Basic)	-0.17	-0.35	-0.86	-1.91	-1.08	-0.99
EPS (Diluted)	-0.17	-0.35	-0.86	-1.91	-1.08	-0.99
Free Cash Flow	30.64	22.53	-28.42	-94.55	-43.6	-28.49
Free Cash Flow Per Share	0.39	0.29	-0.38	-1.29	-0.61	-0.73
Gross Margin	78.58%	76.70%	76.02%	74.92%	77.95%	77.60%
Operating Margin	-1.40%	-8.01%	-18.02%	-35.12%	-23.95%	-25.40%
Profit Margin	-3.93%	-8.12%	-20.90%	-50.14%	-34.88%	-25.28%
Free Cash Flow Margin	9.02%	6.77%	-9.19%	-33.88%	-19.83%	-18.70%
EBITDA	9.41	-12.86	-43.28	-86.6	-46.49	-35.61
EBITDA Margin	2.77%	-3.86%	-13.99%	-31.03%	-21.15%	-23.37%
D&A For EBITDA	14.18	13.81	12.48	11.42	6.15	3.08
EBIT	-4.77	-26.67	-55.76	-98.02	-52.64	-38.7
EBIT Margin	-1.40%	-8.01%	-18.02%	-35.12%	-23.95%	-25.40%
Advertising Expenses	-	11.2	14.5	17.5	16.8	12.9

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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