AUSTIN, Texas, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem that enables businesses to unlock data, power intelligent discovery and deliver personalized experiences at scale, today announced financial results for its second quarter ended June 30, 2026.

"Our second quarter results reflect another period of disciplined execution, with revenue of $84.5 million, 14% GMV growth, positive GAAP net income for the second consecutive quarter, and a third consecutive quarter of sequential improvement in net revenue retention," said Travis Hess, CEO of Commerce. "Just as importantly, we're making deliberate decisions to strengthen the quality and durability of our business by investing in product intelligence, AI-driven commerce, and the open architecture merchants need as commerce becomes increasingly distributed. We believe those disciplined trade-offs position Commerce to deliver stronger merchant outcomes and create long-term value for both our customers and shareholders."

Second Quarter Financial Highlights:

   -- Total revenue was $84.5 million, up 0.1% compared to the three months 
      ended June 30, 2025. 
 
   -- Total annual revenue run-rate ("ARR") as of June 30, 2026 was $360.5 
      million, up 2% compared to June 30, 2025. 
 
   -- Subscription solutions revenue was $63.1 million, down 1% compared to the 
      three months ended June 30, 2025. 
 
   -- Gross Merchandise Volume (GMV) was $8.8 billion, up 14% compared to the 
      three months ended June 30, 2025. 
 
   -- Net Revenue Retention (NRR) was 95.8%, compared to 95.4% in the three 
      months ended March 31, 2026 and 94.5% in the three months ended June 30, 
      2025. 
 
   -- GAAP gross margin was 75%, compared to 79% in the three months ended June 
      30, 2025. 
 
   --  Non-GAAP gross margin was 76%, compared to 80% in the three months ended 
      June 30, 2025. 

Other Key Business Metrics

   -- Revenue in the United States declined by 1% compared to the three months 
      ended June 30, 2025. 
 
   -- Revenue in EMEA grew by 12% and revenue in APAC declined by 4% compared 
      to the three months ended June 30, 2025. 

Income (Loss) from Operations and Non-GAAP Operating Income

   -- GAAP income from operations was $2.7 million, compared to a loss of 
      ($6.8) million in the three months ended June 30, 2025. 
 
   -- Non-GAAP operating income was $8.1 million, compared to $4.8 million in 
      the three months ended June 30, 2025. 
 
   -- Non-GAAP operating margin was 9.6%, compared to 5.7% in the three months 
      ended June 30, 2025. 

GAAP Net Income (Loss), Non-GAAP Net Income and Earnings Per Share

   -- GAAP net income was $1.1 million, compared to a net loss of ($8.4) 
      million in the three months ended June 30, 2025. 
 
   -- Non-GAAP net income was $6.5 million or 8% of revenue, compared to $3.2 
      million or 4% of revenue in the three months ended June 30, 2025. 
 
   -- GAAP basic net income per share was $0.01 based on 82.6 million weighted 
      average shares outstanding, compared to ($0.10) based on 80.1 million 
      weighted average shares outstanding in the three months ended June 30, 
      2025. 
 
   -- GAAP diluted net income per share was $0.01 based on 82.8 million 
      weighted average shares outstanding compared to ($0.10) based on 80.1 
      million weighted average shares outstanding for the three months ended 
      June 30, 2025. 
 
   -- Non-GAAP basic net income per share was $0.08 based on 82.6 million 
      shares of weighted average shares outstanding, compared to $0.04 based on 
      80.1 million shares of weighted average shares outstanding in the three 
      months ended June 30, 2025. 
 
   -- Non-GAAP diluted net income per share was $0.08 based on 82.8 million 
      shares of dilutive shares, compared to $0.04 based on 81.0 million 
      dilutive shares in the three months ended June 30, 2025. 

Adjusted EBITDA

-- Adjusted EBITDA was $9.7 million, compared to $5.7 million in the three months ended June 30, 2025.

Cash

   -- Cash, cash equivalents, restricted cash, and marketable securities 
      totaled $157.5 million as of June 30, 2026. 
 
   -- For the three months ended June 30, 2026, net cash provided by operating 
      activities was $5.1 million, compared to $13.6 million provided by 
      operating activities for the same period in 2025. 
 
   -- Free cash flow of $0.1 million in the three months ended June 30, 2026, 
      compared to $11.9 million in the three months ended June 30, 2025. 

Business Highlights:

Corporate Highlights

   -- In April, Commerce announced that merchants, including Dell, are now 
      syndicating catalog data to key agentic discovery channels including 
      OpenAI and Google Gemini, using Feedonomics Agentic Catalog Exports (ACE), 
      a new enterprise service designed to help merchants make their product 
      catalogs discoverable across emerging AI-powered and agent-driven 
      shopping environments. 
 
   -- In May, the Company announced a broad set of product innovations during 
      its  Commerce Live 2026 customer and partner event. The product 
      enhancements span core platform advancements, new growth capabilities and 
      emerging agentic commerce experiences, including: 
 
          -- Multi-language capabilities: Expanded global selling support with 
             translation APIs, localized URLs and sitemaps, and native 
             translation management tools 
 
          -- Advanced promotions management: New features including promotion 
             banners, multi-coupon stacking, bulk coupon generation and 
             shipping method discounts 
 
          -- Improved catalog flexibility: Removal of unique product naming 
             requirements to simplify catalog management 
 
          -- Advanced catalog filtering and saved views: New precision 
             filtering by category, inventory and more lets merchants instantly 
             surface the products that need attention and save those views for 
             faster access every time 
 
          -- Faster checkout performance: Checkout load times reduced by one 
             full second, delivering a measurable increase in conversion rates 
 
          -- Backorder support: New controls enabling merchants to continue 
             selling out-of-stock items with SKU-level limits 
 
   -- In June, the Company announced that TrustRadius recognized BigCommerce 
      with a 2026 Top Rated Award based on customer reviews and highlighting 
      BigCommerce as a top player in the ecommerce software category. 
 
   -- In July, the Company announced BigCommerce has scored 24 out of 24 total 
      medals in the 2026 Paradigm B2B Combines for Digital Commerce Solutions 
      (Enterprise and Midmarket Editions) for the fourth consecutive year. 
      BigCommerce advanced its rankings to six gold and six silver medals in 
      Enterprise and again achieved more Gold medals in Midmarket than other 
      platforms. 
 
   -- In July, Commerce and WP Engine, a global web enablement company 
      providing products and solutions for websites built on WordPress, 
      announced a strategic partnership to help high-growth, mid-market brands 
      compete in the era of content-driven commerce. 

Customer Highlights:

   -- Flaircraft, an Irish jewelry brand selling primarily into the U.S. market, 
      launched a new B2B storefront, with support from Immersify for front-end 
      build and development. They are utilising B2B Edition functionality and 
      price lists to support U.S.- and EMEA-based trade customers and a 
      masquerade-based sales-rep ordering workflow, as well as integration with 
      Zoho ERP via SKUPlugs. 
 
   -- SolarEdge, a global leader in solar energy technology and inverter 
      solutions, launched a new B2C storefront, delivered by SolarEdge's 
      in-house team with support from BigCommerce's professional services. They 
      implemented a custom-built Stripe Embedded Checkout integration for 
      payments and Avalara AvaTax for automated tax calculation. 
 
   -- Toni Maticevski, an iconic Australian luxury fashion brand known for its 
      sculptural, avant-garde designs and strong presence in both local and 
      international markets, migrated to BigCommerce on a headless Catalyst 
      storefront, delivered by agency Web Force 5 and delivering a premium 
      digital experience to match their elevated brand positioning. 
 
   -- Monster Notebook, a Turkish gaming laptop and desktop retailer, launched 
      a new German B2C, headless storefront, delivered primarily by Monster 
      Notebook's in-house development team with BigCommerce professional 
      services support. 

Q3 and 2026 Financial Outlook:

For the third quarter of 2026, we currently expect:

   -- Total revenue between $82.5 million and $85.5 million. 
 
   -- Non-GAAP operating income between $3.3 million and $5.3 million. 

For the full year 2026, we currently expect:

   -- Total revenue between $336.5 million and $344.5 million. 
 
   -- Non-GAAP operating income between $28.0 million and $34.0 million. 

Our third quarter and 2026 financial outlook is based on a number of assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results.