Commerce.com Inc (NASDAQ: CMRC) is an e-commerce software company that provides a SaaS platform enabling businesses to operate online storefronts, manage product catalogs and orders, distribute product data, and deliver digital content across multiple channels. Revenue comes from platform subscription fees, feed management subscription fees, recurring professional services, and variable revenue including payments revenue share and one-time partner integration fees, all measured through an Annual Revenue Run-Rate (ARR) metric. The company serves B2C branded manufacturers and online retailers, B2B manufacturers and distributors, and small business merchants under three core products: BigCommerce, an API-first commerce engine; Feedonomics, an AI-powered product data optimization and syndication platform; and Makeswift, a visual storefront editor. Originally listed on Nasdaq as BigCommerce Holdings (BIGC) on August 5, 2020, the company changed its name and ticker to CMRC effective July 31, 2025. Commerce.com has never paid a cash dividend as of the filing date of March 2, 2026.

Revenue model

Subscription-based SaaS revenue from platform fees (BigCommerce, Feedonomics, Makeswift), recurring professional services, and variable non-recurring revenue including payments revenue share and one-time partner integration fees. ARR is calculated as contractual monthly recurring revenue multiplied by twelve, plus trailing twelve-month non-recurring and variable revenue.

Products and services

BigCommerce: flexible, API-first enterprise SaaS e-commerce platform supporting headless and traditional deployments. Feedonomics: AI-powered product data optimization, feed management, and multichannel syndication platform, including Feedonomics Surface, a self-service feed management solution for smaller merchants. Makeswift: visual editor for building and managing storefront and content experiences.

Customers and end markets

Three customer segments per the 10-K filed 2026-03-02: B2C customers including branded manufacturers, multi-brand online retailers, and store-based retailers; B2B customers including manufacturers, distributors, wholesalers, professional services firms, and hybrid B2B/B2C sellers; and small business merchants that are growth-oriented B2C and B2B operators. B2B use cases include customer-specific pricing, quoting workflows, account hierarchies, and procurement functionality.

Value-chain role

Commerce.com sits at the commerce infrastructure layer, providing the platform that connects merchants to buyers across owned storefronts and third-party channels including marketplaces, advertising surfaces, and emerging agentic commerce channels. It integrates with third-party tools across marketing, payments, content management, and fulfillment rather than owning those functions directly.

Source: SEC 10-K, filed 2026-03-02

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