Filing Flows › Commerce.com (CMRC) › Q1 2026
Commerce.com (CMRC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Commerce.com (CMRC) reported revenue of $86.8M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -3% from the quarter before. Operating margin was 6.6%, net earnings $3.7M (4.3% of revenue).
Commerce.com, Q1 2026: revenue $86.8M (+5% year over year), operating margin 6.6%, net earnings $3.7M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.8M | -3% | +5% |
| Gross profit | $66.7M | -5% | +2% |
| Operating profit | $5.8M | — | — |
| Net earnings | $3.7M | — | — |
| Operating cash flow | $18.4M | 19× | 46× |
| Free cash flow | $14.1M | — | — |
What changed
Revenue was $86.8M in Q1 2026, up 5% year over year and down 3% from the previous quarter. Subscription and Circulation was the largest line at 73% of revenue. Partner and Services added $2.9M year over year (up 14%), 65% of the total change.
Gross margin was 76.7%, down 2.6 points from Q1 2025. Operating profit was $5.8M, a 6.6% margin (up 9.6 points year over year). Operating expenses fell 10% while revenue rose 5%. Net earnings were $3.7M. The effective tax rate was 10.8%.
Operating cash flow was $18.4M (up 4482% year over year), 493% of net earnings. Non-cash charges added back $2.9M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $7.7M. After purchase of capitalized internal-use software, leasehold improvements, and property and equipment ($4.3M), free cash flow as the company reports it was $14.1M.
Questions
What was Commerce.com's revenue in the first quarter 2026?
Commerce.com (CMRC) reported revenue of $86.8M for the first quarter 2026 (Q1 2026), +5% from a year earlier and -3% from the quarter before.
Was Commerce.com profitable in the first quarter 2026?
Operating profit was $5.8M (6.6% of revenue) and net earnings $3.7M.
Source: Commerce.com 10-Q on SEC EDGAR.