Commerce.com, Inc. (CMRC) intrinsic value & 10-year financials
Commerce.com, Inc. (CMRC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 9 fiscal years revenue grew 20.7% a year to $342.3M, with an average return on invested capital of -13.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.44
- Market cap
- $276.2M
- Revenue (FY2025)
- $342.3M
- Revenue growth (9-yr CAGR)
- 20.7%
- ROIC (10-yr avg)
- -13.6%
- Free cash flow (FY2025)
- $16.9M
CMRC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $342.3M | -$19.3M | -$0.24 | $16.9M | -4.7% | -10.1% |
| FY2024 | $332.9M | -$27.0M | -$0.35 | $22.5M | -12.5% | -18.0% |
| FY2023 | $309.4M | -$64.7M | -$0.86 | -$28.4M | -23.4% | -24.0% |
| FY2022 | $279.1M | -$139.9M | -$1.91 | -$94.6M | -50.4% | -57.6% |
| FY2021 | $219.9M | -$76.7M | -$1.08 | — | -34.5% | -77.3% |
| FY2020 | $152.4M | -$37.6M | -$0.99 | — | -25.4% | 39.0% |
| FY2019 | $112.1M | -$42.6M | — | — | -36.6% | 19.7% |
| FY2018 | $91.9M | -$38.9M | — | — | -41.3% | 19.8% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Commerce.com, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Commerce.com, Inc. has historically struggled to out-earn its cost of capital, averaging just -18.3% ROIC.
Commerce.com, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Commerce.com, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.97 per share.