Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $91.9M | $112M | $152M | $220M | $279M | $309M | $333M | $342M |
| Revenue growth | — | 22.0% | 35.9% | 44.3% | 26.9% | 10.9% | 7.6% | 2.8% |
| Gross profit | $69.9M | $85.1M | $118M | $171M | $209M | $235M | $255M | $270M |
| Gross margin | 76.1% | 75.9% | 77.6% | 77.9% | 74.9% | 76.0% | 76.7% | 78.7% |
| Operating income | -$38.0M | -$41.0M | -$38.7M | -$75.9M | -$141M | -$72.4M | -$41.7M | -$16.2M |
| Operating margin | -41.3% | -36.6% | -25.4% | -34.5% | -50.4% | -23.4% | -12.5% | -4.7% |
| Net income | -$38.9M | -$42.6M | -$37.6M | -$76.7M | -$140M | -$64.7M | -$27.0M | -$19.3M |
| Net margin | -42.3% | -38.0% | -24.7% | -34.9% | -50.1% | -20.9% | -8.1% | -5.6% |
| EPS (diluted) | -$2.59 | -$2.80 | -$0.99 | -$1.08 | -$1.91 | -$0.86 | -$0.35 | -$0.24 |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$30.6M | -$40.0M | -$26.5M | -$40.3M | -$89.4M | -$24.2M | $26.3M | $25.5M |
| Capital expenditures | — | — | — | — | $5.20M | $4.18M | $3.72M | $8.60M |
| Free cash flow | — | — | — | — | -$94.6M | -$28.4M | $22.5M | $16.9M |
| Dividends paid | — | — | $12.8M | — | — | — | — | — |
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | $7.79M | $219M | $298M | $91.6M | $71.7M | $88.9M | $44.3M |
| Total assets | — | $56.1M | $277M | $555M | $474M | $444M | $340M | $309M |
| Total liabilities | — | $89.6M | $59.9M | $417M | $428M | $419M | $307M | $269M |
| Long-term debt | — | $38.5M | — | $336M | $337M | $339M | $216M | $157M |
| Shareholders' equity | -$211M | -$257M | $217M | $138M | $45.7M | $25.5M | $33.4M | $39.4M |
| Retained earnings | — | -$275M | -$313M | -$390M | -$530M | -$595M | -$622M | -$641M |
| Shares (wtd avg diluted) | — | — | 39.1M | 70.9M | 73.2M | 75.1M | 77.6M | 80.3M |
Every figure is extracted from Commerce.com, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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