Filing Flows › Commerce.com (CMRC) › Q3 2026 › vs Q3 2025
Commerce.com (CMRC) Q3 2026 vs Q3 2025 (year over year)
Commerce.com's revenue fell $1.8M (-2%) from $86.0M in Q3 2025 to $84.2M in Q3 2026. The biggest changes: Partner and Services −$1.8M (-9%); Subscription and Circulation +$37K (+0.1%).
Commerce.com, Q3 2026: revenue $84.2M (-2% year over year), operating margin -2.1%, net loss $3.2M, operating cash flow $9.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.8% | 8.8% | -2.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Subscription and Circulation | $64.7M | $64.7M | $37K | +0.1% |
| Partner and Services | $19.5M | $21.3M | −$1.8M | -9% |
| Revenue | $84.2M | $86.0M | −$1.8M | -2% |
| Net loss | $3.2M | $2.2M | $971K | +43% |
| Costs & expenses | $87.5M | $88.3M | −$813K | -0.9% |
| Operating costs | $86.0M | $86.5M | −$416K | -0.5% |
| Interest & other, net | $1.3M | $1.6M | −$277K | -17% |
| Income tax | $92K | $212K | −$120K | -57% |
| Cost of revenue | $21.9M | $18.6M | $3.3M | +18% |
| Research & development | $19.4M | $17.5M | $1.9M | +11% |
| Sales & marketing | $25.6M | $36.3M | −$10.6M | -29% |
| General & admin | $13.8M | $12.1M | $1.6M | +14% |
| Other operating costs | $5.4M | $2.0M | $3.4M | +171% |
| Operating cash sources | $12.6M | $12.8M | −$218K | -2% |
| Depreciation & amortization | $3.4M | $2.7M | $642K | +24% |
| Share-based compensation | $4.3M | $6.3M | −$2.0M | -32% |
| Working capital & other | $4.9M | $3.7M | $1.1M | +30% |
| Net loss absorbed | $3.2M | $2.2M | $971K | +43% |
| Operating cash flow | $9.4M | $10.6M | −$1.2M | -11% |
| Free cash flow (company-reported) | $5.7M | $7.6M | −$1.9M | -24% |
| Purchase of capitalized internal-use software, leasehold improvements, and property and equipment | $3.6M | $3.0M | $661K | +22% |
Questions
How much did Commerce.com's revenue grow year over year in Q3 2026?
Commerce.com's revenue fell $1.8M (-2%) from $86.0M in Q3 2025 to $84.2M in Q3 2026.
What drove Commerce.com's revenue change in Q3 2026?
Partner and Services −$1.8M (-9%); Subscription and Circulation +$37K (+0.1%).