Filing Flows › Commerce.com (CMRC) › Q1 2025
Commerce.com (CMRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Commerce.com (CMRC) reported revenue of $82.4M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -5% from the quarter before. Operating margin was -2.9%, net loss $353K (0.4% of revenue).
Commerce.com, Q1 2025: revenue $82.4M (+2% year over year), operating margin -2.9%, net loss $353K, operating cash flow $401K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.4M | -5% | +3% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$353K | — | — |
| Operating cash flow | $401K | -97% | — |
What changed
Revenue was $82.4M in Q1 2025, up 3% year over year and down 5% from the previous quarter. Subscription and Circulation was the largest line at 75% of revenue. Subscription and Circulation added $1.2M year over year (up 2%), 57% of the total change.
Gross margin was 79.4%, up 2.3 points from a year earlier. Operating costs exceeded revenue by $2.4M, an operating margin of -2.9%. Operating expenses fell 3% while revenue rose 3%. The fastest-growing cost line was Other operating costs (+64%). The quarter ended with a net loss of $353K, narrower than the previous quarter's $2.4M loss. Non-operating items added $2.6M, 1509% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $401K. Non-cash charges added back $4.3M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $8.7M. Capital expenditures of $825K exceeded it, leaving free cash flow of −$424K.
Questions
What was Commerce.com's revenue in the first quarter 2025?
Commerce.com (CMRC) reported revenue of $82.4M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -5% from the quarter before.
Was Commerce.com profitable in the first quarter 2025?
Operating loss was $2.4M (-2.9% of revenue) and net loss $353K.
Source: Commerce.com 10-Q on SEC EDGAR.