Filing Flows › Commerce.com (CMRC) › Q2 2025
Commerce.com (CMRC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Commerce.com (CMRC) reported revenue of $84.4M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +3% from the quarter before. Operating margin was -8.0%, net loss $8.4M (9.9% of revenue).
Commerce.com, Q2 2025: revenue $84.4M (+3% year over year), operating margin -8.0%, net loss $8.4M, operating cash flow $13.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $84.4M | +3% | +3% |
| Operating profit | −$6.8M | — | — |
| Net earnings | −$8.4M | — | — |
| Operating cash flow | $13.6M | 34× | +15% |
| Free cash flow | $11.9M | — | +12% |
What changed
Revenue was $84.4M in Q2 2025, up 3% year over year and up 3% from the previous quarter. Subscription and Circulation was the largest line at 75% of revenue. Subscription and Circulation added $1.9M year over year (up 3%), 71% of the total change.
Gross margin was 79.0%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $6.8M, an operating margin of -8.0%. Operating expenses fell 3% while revenue rose 3%. The quarter ended with a net loss of $8.4M, wider than the previous quarter's $353K loss.
Operating cash flow was $13.6M (up 15% year over year). Non-cash charges added back $3.8M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $10.9M. After purchase of property, equipment, leasehold improvements and capitalized internal-use software ($1.7M), free cash flow as the company reports it was $11.9M.
Questions
What was Commerce.com's revenue in the second quarter 2025?
Commerce.com (CMRC) reported revenue of $84.4M for the second quarter 2025 (Q2 2025), +3% from a year earlier and +3% from the quarter before.
Was Commerce.com profitable in the second quarter 2025?
Operating loss was $6.8M (-8.0% of revenue) and net loss $8.4M.
Source: Commerce.com 10-Q on SEC EDGAR.