{"success":true,"data":{"pressRelease":{"id":"140314","rtpr_id":"nGNX7nhZ0s-20260910","ticker":"CMRC","exchange":"NASDAQ","all_tickers":["CMRC"],"title":"Commerce Announces Strategic Operating Plan to Accelerate Profitability and Free Cash Flow Generation","author":"Globe Newswire","published_at":"2026-09-10T12:00:02.426Z","article_body":"Company targets full-year non-GAAP operating margins of at least 20% beginning\nin 2027 and materially higher free cash flow\n\nPlan expected to generate approximately $60 million to $80 million of\nannualized cost savings, or $0.73 to $0.97 on a per diluted share basis\n\nBoard authorizes up to $50 million of share repurchases over the next two\nyears\n\nAUSTIN, Texas, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq:\nCMRC) (\"Commerce,” “We” or the \"Company\"), a data-centric provider of an\nopen, AI-driven commerce ecosystem that enables businesses to unlock data,\npower intelligent discovery and deliver personalized experiences at scale,\ntoday announced a strategic operating plan designed to reduce costs and\nmaterially increase profitability and free cash flow.\n\nThe plan is expected to generate approximately $60 million to $80 million of\nannualized cost savings, or $0.73 to $0.97 on a per diluted share basis (based\non diluted share count as of June 30th, 2026). Commerce expects to realize\napproximately $3 million, or 4%, of the anticipated savings during 2026, with\nthe full annualized benefit reflected in 2027.\n\nThe plan increases efficiency while protecting investments in the products and\ncapabilities that will drive future growth. Investment will stay focused on\ncomplex commerce needs across B2B and B2C, especially the Company's\ndifferentiated B2B position, along with continued investment in payments,\nFeedonomics, product intelligence, and agentic commerce. Spending will be\nreduced in areas that are less central to the Company’s strategy or where\nexpected returns are lower.\n\n“Over the past several quarters, we have focused Commerce on the parts of\nthe business where we see the strongest opportunities to grow,” said Travis\nHess, Chief Executive Officer of Commerce. “We also need to be more\ndisciplined about what we spend and the returns we generate from those\ninvestments. This plan reduces costs while protecting our key growth\ninvestments, and we expect it to meaningfully increase profitability and free\ncash flow.”  \n\nFinancial Impact and Objectives\n\nAs part of the plan, Commerce is targeting full-year non-GAAP operating\nmargins of at least 20% beginning in 2027 and on an ongoing basis thereafter.\n\nThe plan is expected to:\n* Reduce the Company's annualized non-GAAP operating cost base by\napproximately $60 million to $80 million, with the majority of these savings\nexpected to translate into additional free cash flow.\n* Deliver approximately $0.73 to $0.97 on a per diluted share basis (based on\ndiluted share count as of June 30, 2026) of annualized cost savings.\n* Benefit from approximately $353 million of total net operating loss\ncarryforwards and other tax attributes as of June 30, 2026, which are expected\nto reduce cash taxes on incremental earnings and support strong conversion to\nfree cash flow.\nThe plan primarily includes reductions in operating costs, such as staffing,\nprofessional services, facilities, software, and infrastructure. Commerce also\nexpects to realize continued efficiency improvements through the expanded use\nof AI across its internal operations. Commerce expects the majority of the\nactions and expenses related to the Plan to be implemented and recorded by the\nend of our fiscal fourth quarter 2026 and the plan to be substantially\ncomplete by our second quarter in fiscal 2027.\n\nThe Company currently expects to incur approximately $4.2 million to $8.8\nmillion of restructuring and other one-time expenses in the Company’s third\nquarter ended September 30, 2026 and $4.3 million to $17.5 million of\nrestructuring expenses in the Company’s fourth quarter of fiscal 2026.\n\n“This plan materially increases the profitability and free cash flow we\nbelieve Commerce can generate without changing our growth strategy,” said\nDaniel Lentz, Chief Financial Officer and Chief Operating Officer of Commerce.\n“At our current revenue base, we believe the business can generate\nmeaningfully more cash. Our existing tax attributes should also help limit\ncash taxes and support strong free cash flow conversion. As free cash flow\nincreases, we expect to have greater flexibility to return capital to\nshareholders while maintaining a strong balance sheet and continuing to invest\nin the business.”\n\nShare Repurchase Authorization\n\nThe Company’s Board of Directors has authorized the repurchase of up to $50\nmillion of Commerce common stock over the next two years beginning on\nSeptember 10, 2026 through September 10, 2028. The repurchase is expected to\nbe funded from cash flow generated by the Company's disciplined approach to\ncapital allocation and operating performance.\n\nAny repurchases of shares may be made from time to time at the Company’s\ndiscretion. The timing, amount and method of any repurchases will depend on\nmarket conditions, the Company’s financial position, other uses of capital\nand other relevant factors. The authorization does not require Commerce to\nrepurchase any specific amount of stock and may be modified, suspended or\ndiscontinued at any time.\n\n2026 Financial Outlook\n\nAs a result of the plan, Commerce is updating its full-year 2026 guidance. The\nCompany is reaffirming its full-year revenue guidance and raising its\nfull-year non-GAAP operating income guidance by $3 million to reflect savings\nexpected to be realized in 2026. The Company currently expects:\n* Total revenue between $336.5 million and $344.5 million.\n* Non-GAAP operating income between $31.0 million and $37.0 million.\nThe Company is also reaffirming its third quarter 2026 guidance of total\nrevenue between $82.5 million and $85.5 million and non-GAAP operating income\nbetween $3.3 million and $5.3 million, unchanged from the guidance provided on\nAugust 6, 2026.\n\nPrior full-year 2026 guidance was for total revenue of $336.5 million to\n$344.5 million and non-GAAP operating income of $28.0 million to $34.0\nmillion. The Company currently has approximately 82.6 million fully diluted\nshares outstanding for the six months ended June 30, 2026.\n\nThe updated outlook incorporates approximately $3 million of savings expected\nto be realized during the remainder of 2026 (as reflected in our updated\nnon-GAAP operating income outlook above). The strategic operating plan is not\nexpected, by itself, to have a material impact on the Company's 2026 revenue\noutlook.\n\nAbout Commerce\n\nCommerce\n(https://www.globenewswire.com/Tracker?data=tddKEcTMpgl9D1jaeB-OLF33gpOo3vyJCmtwDeWi9e5C3HUXu3QeU9b5TcEnaKhMS57W84pt3Q32sulNrDYc-hjFrICshzTexn2SSu0rFTTeryRqfcAGKcjYm_vOH1-XgOr1uymYiiqQYZwlFfqdNBPD-Gc3Eefjx_dYD8GQ-VAO1sGf9wa-9zq1B3p0Ah9r2DXkixLFY12f4LJkwx3hUGirxmnZTBfkIjsgRvXGnAU=)\n(Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing\nan open, AI-driven commerce ecosystem. As the parent company of BigCommerce\n(https://www.globenewswire.com/Tracker?data=BKb_77VcxsM6bT-4pVHvAJfk3cFTN00Sxik0wIYx4D2pkrevf64-YOgUYVQEv3DJhy7IsW8MMtXUcP2nQl5buKZF6axYClMVsygPSgRlUsxcIBbQvw1MZgiyxSZP29fRcO0oEWMODT0dhFUDgF9WAg_UOFW0pnBHQHZg7z2RhINv7E4qy-8jJZ-hRt3Gmn96cbWAW-Eig4aJAtW8SP-JkBPTX3pHbKq5kUnKkd1zg0XQvtrYJXwK602mpWpLqdue),\nFeedonomics\n(https://www.globenewswire.com/Tracker?data=RMP-qD4jeDzPFsKDnYhSxYLuvVMiQYYnkSQRed1szEBKQo9XlKfFGReeur3-7jXAEqJjekrG2ZRScKen4Q7gS9pfW4A-dtGK6bHmFPsos7jtMFn1iQBHssKzmWnbG2Sq23NcD8IyxyBaNOwJlSjeLGFMt01MosxFiMaHc1OM_6fXPAe17hA-4I7Y7dg_ZUyyvKUREcRmjjxrGrvQ0__O3b05R_uxcpaLc33BjMcfMvs=),\nand Makeswift\n(https://www.globenewswire.com/Tracker?data=9VRTQz-ionPWMfK6m-HkNfyVZafjrBJTwjVb1wVCbw3VS3Cq7O0Cw2byk7aTPK-TNKH6lWP9fwrOOrYXxtx4X26s-YMSyhghFzf4ElHTBuEZFD2eSECup7Xts2oOBfn4euhV1Q2-_uB2kvT_kciSKA4PiSj70kqC3x2jrrgIGO9xU1U61lwnNlYBbjcUSM3vri13aem-pZzqRMdfx6f2Ix4g-oh82BDKVvJI0RE_soc=),\nCommerce connects the tools and systems that power growth, enabling businesses\nto unlock the full potential of their data, deliver seamless and personalized\nexperiences across every channel, and adapt swiftly to an ever-changing\nmarket. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell,\nKing Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and\nUplift Desk, Commerce delivers the storefront control, optimized data, and\nAI-ready tools businesses need to grow, serve diverse buyers, and operate with\nconfidence in an increasingly intelligent, multi-surface world. For more\ninformation, visit www.commerce.com or follow us on X\n(https://www.globenewswire.com/Tracker?data=4C0g79VF3mD_muND3JxaPXgiIB_CtGrU_2x1H5vKJpGpIV4X0noaxkszw6iNqJyy-T1axs7UIu7brapWLH0ys7Hdp5Dum44sbdcZjjgl8OibwMsUF4wAfM8wlHCxLcOvFoli2PQmcrx6MzbcY46SrAMDR0sGdA_krTXZNWXOPmoFK30k4KjDHw-fwUVIjGai7hxIDesYAMZpL_PWRaX2hA==)\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=aRLBGNokFxS7fCMfNyZb3UGOH20eZwRt4BerH2tUB2n2zNOaaGyidDjVK_4fZTSXGnnaPo9qKo-ZuYJ2VOBw31x01qxGxQ6kzfGfoLoL0kbrcbc35aNnDzIsSYd4j6GcM6VLRubfBPMhEai5kHk1739mv67rhpCYtuGroQQySkWV7BoVk3lra5hrDrLoNmaGbHn2zLo9mEgpobu77B0-y4oIy5CuzRKaSZNqQAUF-MnBMpNweEkElQQy3b9iKb8lyLgkwhiGSGt04uBs6-G-Tw==).\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\napplicable federal securities laws. These statements include, among other\nthings, statements regarding the scope, timing and implementation of the\nCompany's strategic operating plan; expected cost savings, charges and cash\nexpenditures; anticipated effects on revenue, operating income, margins,\nearnings per share and free cash flow; the Company's financial objectives and\nguidance; preservation of strategic investments; future growth opportunities;\nand the expected use of net operating loss carryforwards.\n\nForward-looking statements are based on management's current expectations and\nassumptions and are subject to risks and uncertainties that could cause actual\nresults to differ materially. These risks include the Company's ability to\nimplement the plan within the anticipated timeframe, the possibility that\nexpected savings may not be fully realized, potential disruption to the\nCompany's operations, customers or employees, and the other risks described in\nthe Company's filings with the Securities and Exchange Commission, including\nunder the caption \"Risk Factors.\" Forward-looking statements speak only as of\nthe date they are made, and Commerce assumes no obligation to update them\nexcept as required by law.\n\nUse of Non-GAAP Financial Measures\n\nThis press release includes certain financial measures that have not been\nprepared in accordance with generally accepted accounting principles in the\nUnited States (\"GAAP\"), including non-GAAP operating income and free cash\nflow. These measures are supplemental to, and should not be considered in\nisolation or as substitutes for, comparable GAAP measures.\n\nCommerce defines non-GAAP operating income as GAAP income or loss from\noperations excluding stock-based compensation expense and related payroll\ntaxes, amortization of intangible assets, acquisition-related costs and\nrestructuring charges. The most directly comparable GAAP measure is income or\nloss from operations.\n\nCommerce defines free cash flow as net cash provided by operating activities\nless capital expenditures. The most directly comparable GAAP measure is net\ncash provided by operating activities.\n\nThe Company does not provide guidance for GAAP income or loss from operations\nor cash flows from operating activities. A reconciliation of forward-looking\nnon-GAAP operating income and free cash flow to the most directly comparable\nGAAP measures is not available without unreasonable effort because reliable\nestimates for certain reconciling items are unavailable. These items may vary\nsignificantly between periods and could materially affect future financial\nresults.\n\nBigCommerce®, the Commerce logo, and other brands are the trademarks or\nregistered trademarks of Commerce.com Pty. Ltd. Third-party trademarks and\nservice marks are the property of their respective owner.\n\nMedia Relations Contact\n\nBrad Hem\nPR@commerce.com\n\nInvestor Relations Contact\n\nTyler Duncan\nInvestorRelations@commerce.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a953dd36-af2e-4b21-a5e8-45f93eb35143)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7nhZ0s-20260910","title":"Commerce Announces Strategic Operating Plan to Accelerate Profitability and Free Cash Flow Generation","author":"Globe Newswire","ticker":"CMRC","created":"2026-09-10T12:00:02.426Z","tickers":["CMRC"],"exchange":"NASDAQ","article_body":"Company targets full-year non-GAAP operating margins of at least 20% beginning\nin 2027 and materially higher free cash flow\n\nPlan expected to generate approximately $60 million to $80 million of\nannualized cost savings, or $0.73 to $0.97 on a per diluted share basis\n\nBoard authorizes up to $50 million of share repurchases over the next two\nyears\n\nAUSTIN, Texas, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq:\nCMRC) (\"Commerce,” “We” or the \"Company\"), a data-centric provider of an\nopen, AI-driven commerce ecosystem that enables businesses to unlock data,\npower intelligent discovery and deliver personalized experiences at scale,\ntoday announced a strategic operating plan designed to reduce costs and\nmaterially increase profitability and free cash flow.\n\nThe plan is expected to generate approximately $60 million to $80 million of\nannualized cost savings, or $0.73 to $0.97 on a per diluted share basis (based\non diluted share count as of June 30th, 2026). Commerce expects to realize\napproximately $3 million, or 4%, of the anticipated savings during 2026, with\nthe full annualized benefit reflected in 2027.\n\nThe plan increases efficiency while protecting investments in the products and\ncapabilities that will drive future growth. Investment will stay focused on\ncomplex commerce needs across B2B and B2C, especially the Company's\ndifferentiated B2B position, along with continued investment in payments,\nFeedonomics, product intelligence, and agentic commerce. Spending will be\nreduced in areas that are less central to the Company’s strategy or where\nexpected returns are lower.\n\n“Over the past several quarters, we have focused Commerce on the parts of\nthe business where we see the strongest opportunities to grow,” said Travis\nHess, Chief Executive Officer of Commerce. “We also need to be more\ndisciplined about what we spend and the returns we generate from those\ninvestments. This plan reduces costs while protecting our key growth\ninvestments, and we expect it to meaningfully increase profitability and free\ncash flow.”  \n\nFinancial Impact and Objectives\n\nAs part of the plan, Commerce is targeting full-year non-GAAP operating\nmargins of at least 20% beginning in 2027 and on an ongoing basis thereafter.\n\nThe plan is expected to:\n* Reduce the Company's annualized non-GAAP operating cost base by\napproximately $60 million to $80 million, with the majority of these savings\nexpected to translate into additional free cash flow.\n* Deliver approximately $0.73 to $0.97 on a per diluted share basis (based on\ndiluted share count as of June 30, 2026) of annualized cost savings.\n* Benefit from approximately $353 million of total net operating loss\ncarryforwards and other tax attributes as of June 30, 2026, which are expected\nto reduce cash taxes on incremental earnings and support strong conversion to\nfree cash flow.\nThe plan primarily includes reductions in operating costs, such as staffing,\nprofessional services, facilities, software, and infrastructure. Commerce also\nexpects to realize continued efficiency improvements through the expanded use\nof AI across its internal operations. Commerce expects the majority of the\nactions and expenses related to the Plan to be implemented and recorded by the\nend of our fiscal fourth quarter 2026 and the plan to be substantially\ncomplete by our second quarter in fiscal 2027.\n\nThe Company currently expects to incur approximately $4.2 million to $8.8\nmillion of restructuring and other one-time expenses in the Company’s third\nquarter ended September 30, 2026 and $4.3 million to $17.5 million of\nrestructuring expenses in the Company’s fourth quarter of fiscal 2026.\n\n“This plan materially increases the profitability and free cash flow we\nbelieve Commerce can generate without changing our growth strategy,” said\nDaniel Lentz, Chief Financial Officer and Chief Operating Officer of Commerce.\n“At our current revenue base, we believe the business can generate\nmeaningfully more cash. Our existing tax attributes should also help limit\ncash taxes and support strong free cash flow conversion. As free cash flow\nincreases, we expect to have greater flexibility to return capital to\nshareholders while maintaining a strong balance sheet and continuing to invest\nin the business.”\n\nShare Repurchase Authorization\n\nThe Company’s Board of Directors has authorized the repurchase of up to $50\nmillion of Commerce common stock over the next two years beginning on\nSeptember 10, 2026 through September 10, 2028. The repurchase is expected to\nbe funded from cash flow generated by the Company's disciplined approach to\ncapital allocation and operating performance.\n\nAny repurchases of shares may be made from time to time at the Company’s\ndiscretion. The timing, amount and method of any repurchases will depend on\nmarket conditions, the Company’s financial position, other uses of capital\nand other relevant factors. The authorization does not require Commerce to\nrepurchase any specific amount of stock and may be modified, suspended or\ndiscontinued at any time.\n\n2026 Financial Outlook\n\nAs a result of the plan, Commerce is updating its full-year 2026 guidance. The\nCompany is reaffirming its full-year revenue guidance and raising its\nfull-year non-GAAP operating income guidance by $3 million to reflect savings\nexpected to be realized in 2026. The Company currently expects:\n* Total revenue between $336.5 million and $344.5 million.\n* Non-GAAP operating income between $31.0 million and $37.0 million.\nThe Company is also reaffirming its third quarter 2026 guidance of total\nrevenue between $82.5 million and $85.5 million and non-GAAP operating income\nbetween $3.3 million and $5.3 million, unchanged from the guidance provided on\nAugust 6, 2026.\n\nPrior full-year 2026 guidance was for total revenue of $336.5 million to\n$344.5 million and non-GAAP operating income of $28.0 million to $34.0\nmillion. The Company currently has approximately 82.6 million fully diluted\nshares outstanding for the six months ended June 30, 2026.\n\nThe updated outlook incorporates approximately $3 million of savings expected\nto be realized during the remainder of 2026 (as reflected in our updated\nnon-GAAP operating income outlook above). The strategic operating plan is not\nexpected, by itself, to have a material impact on the Company's 2026 revenue\noutlook.\n\nAbout Commerce\n\nCommerce\n(https://www.globenewswire.com/Tracker?data=tddKEcTMpgl9D1jaeB-OLF33gpOo3vyJCmtwDeWi9e5C3HUXu3QeU9b5TcEnaKhMS57W84pt3Q32sulNrDYc-hjFrICshzTexn2SSu0rFTTeryRqfcAGKcjYm_vOH1-XgOr1uymYiiqQYZwlFfqdNBPD-Gc3Eefjx_dYD8GQ-VAO1sGf9wa-9zq1B3p0Ah9r2DXkixLFY12f4LJkwx3hUGirxmnZTBfkIjsgRvXGnAU=)\n(Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing\nan open, AI-driven commerce ecosystem. As the parent company of BigCommerce\n(https://www.globenewswire.com/Tracker?data=BKb_77VcxsM6bT-4pVHvAJfk3cFTN00Sxik0wIYx4D2pkrevf64-YOgUYVQEv3DJhy7IsW8MMtXUcP2nQl5buKZF6axYClMVsygPSgRlUsxcIBbQvw1MZgiyxSZP29fRcO0oEWMODT0dhFUDgF9WAg_UOFW0pnBHQHZg7z2RhINv7E4qy-8jJZ-hRt3Gmn96cbWAW-Eig4aJAtW8SP-JkBPTX3pHbKq5kUnKkd1zg0XQvtrYJXwK602mpWpLqdue),\nFeedonomics\n(https://www.globenewswire.com/Tracker?data=RMP-qD4jeDzPFsKDnYhSxYLuvVMiQYYnkSQRed1szEBKQo9XlKfFGReeur3-7jXAEqJjekrG2ZRScKen4Q7gS9pfW4A-dtGK6bHmFPsos7jtMFn1iQBHssKzmWnbG2Sq23NcD8IyxyBaNOwJlSjeLGFMt01MosxFiMaHc1OM_6fXPAe17hA-4I7Y7dg_ZUyyvKUREcRmjjxrGrvQ0__O3b05R_uxcpaLc33BjMcfMvs=),\nand Makeswift\n(https://www.globenewswire.com/Tracker?data=9VRTQz-ionPWMfK6m-HkNfyVZafjrBJTwjVb1wVCbw3VS3Cq7O0Cw2byk7aTPK-TNKH6lWP9fwrOOrYXxtx4X26s-YMSyhghFzf4ElHTBuEZFD2eSECup7Xts2oOBfn4euhV1Q2-_uB2kvT_kciSKA4PiSj70kqC3x2jrrgIGO9xU1U61lwnNlYBbjcUSM3vri13aem-pZzqRMdfx6f2Ix4g-oh82BDKVvJI0RE_soc=),\nCommerce connects the tools and systems that power growth, enabling businesses\nto unlock the full potential of their data, deliver seamless and personalized\nexperiences across every channel, and adapt swiftly to an ever-changing\nmarket. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell,\nKing Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and\nUplift Desk, Commerce delivers the storefront control, optimized data, and\nAI-ready tools businesses need to grow, serve diverse buyers, and operate with\nconfidence in an increasingly intelligent, multi-surface world. For more\ninformation, visit www.commerce.com or follow us on X\n(https://www.globenewswire.com/Tracker?data=4C0g79VF3mD_muND3JxaPXgiIB_CtGrU_2x1H5vKJpGpIV4X0noaxkszw6iNqJyy-T1axs7UIu7brapWLH0ys7Hdp5Dum44sbdcZjjgl8OibwMsUF4wAfM8wlHCxLcOvFoli2PQmcrx6MzbcY46SrAMDR0sGdA_krTXZNWXOPmoFK30k4KjDHw-fwUVIjGai7hxIDesYAMZpL_PWRaX2hA==)\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=aRLBGNokFxS7fCMfNyZb3UGOH20eZwRt4BerH2tUB2n2zNOaaGyidDjVK_4fZTSXGnnaPo9qKo-ZuYJ2VOBw31x01qxGxQ6kzfGfoLoL0kbrcbc35aNnDzIsSYd4j6GcM6VLRubfBPMhEai5kHk1739mv67rhpCYtuGroQQySkWV7BoVk3lra5hrDrLoNmaGbHn2zLo9mEgpobu77B0-y4oIy5CuzRKaSZNqQAUF-MnBMpNweEkElQQy3b9iKb8lyLgkwhiGSGt04uBs6-G-Tw==).\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\napplicable federal securities laws. These statements include, among other\nthings, statements regarding the scope, timing and implementation of the\nCompany's strategic operating plan; expected cost savings, charges and cash\nexpenditures; anticipated effects on revenue, operating income, margins,\nearnings per share and free cash flow; the Company's financial objectives and\nguidance; preservation of strategic investments; future growth opportunities;\nand the expected use of net operating loss carryforwards.\n\nForward-looking statements are based on management's current expectations and\nassumptions and are subject to risks and uncertainties that could cause actual\nresults to differ materially. These risks include the Company's ability to\nimplement the plan within the anticipated timeframe, the possibility that\nexpected savings may not be fully realized, potential disruption to the\nCompany's operations, customers or employees, and the other risks described in\nthe Company's filings with the Securities and Exchange Commission, including\nunder the caption \"Risk Factors.\" Forward-looking statements speak only as of\nthe date they are made, and Commerce assumes no obligation to update them\nexcept as required by law.\n\nUse of Non-GAAP Financial Measures\n\nThis press release includes certain financial measures that have not been\nprepared in accordance with generally accepted accounting principles in the\nUnited States (\"GAAP\"), including non-GAAP operating income and free cash\nflow. These measures are supplemental to, and should not be considered in\nisolation or as substitutes for, comparable GAAP measures.\n\nCommerce defines non-GAAP operating income as GAAP income or loss from\noperations excluding stock-based compensation expense and related payroll\ntaxes, amortization of intangible assets, acquisition-related costs and\nrestructuring charges. The most directly comparable GAAP measure is income or\nloss from operations.\n\nCommerce defines free cash flow as net cash provided by operating activities\nless capital expenditures. The most directly comparable GAAP measure is net\ncash provided by operating activities.\n\nThe Company does not provide guidance for GAAP income or loss from operations\nor cash flows from operating activities. A reconciliation of forward-looking\nnon-GAAP operating income and free cash flow to the most directly comparable\nGAAP measures is not available without unreasonable effort because reliable\nestimates for certain reconciling items are unavailable. These items may vary\nsignificantly between periods and could materially affect future financial\nresults.\n\nBigCommerce®, the Commerce logo, and other brands are the trademarks or\nregistered trademarks of Commerce.com Pty. Ltd. Third-party trademarks and\nservice marks are the property of their respective owner.\n\nMedia Relations Contact\n\nBrad Hem\nPR@commerce.com\n\nInvestor Relations Contact\n\nTyler Duncan\nInvestorRelations@commerce.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a953dd36-af2e-4b21-a5e8-45f93eb35143)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-10T12:00:03.171011318Z","server_sent_at_ms":1789041603171},"received_at":"2026-09-10T12:00:03.229Z","source_url":null},"analysis":{"id":"129138","press_release_id":"140314","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["up to ~$26.3 million of restructuring and one-time charges across Q3-Q4 2026","only ~$3 million (4%) of targeted savings expected to be realized in 2026; full annualized benefit not until 2027","margin target is non-GAAP; company provides no GAAP reconciliation guidance","buyback is discretionary and may be modified, suspended or discontinued at any time"],"eventType":"restructuring","narrative":"Commerce.com announced a strategic operating plan targeting $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 per diluted share, with full-year non-GAAP operating margins of at least 20% beginning in 2027.\n\nThe board authorized up to $50 million of share repurchases over the next two years, and the company raised its FY2026 non-GAAP operating income guidance by $3 million to $31.0-$37.0 million while reaffirming revenue guidance of $336.5-$344.5 million.\n\nCommerce expects $4.2-$8.8 million of restructuring charges in Q3 2026 and $4.3-$17.5 million in Q4 2026, with the plan substantially complete by Q2 fiscal 2027; approximately $353 million of NOL carryforwards and tax attributes are expected to support free cash flow conversion.\n\nCEO Travis Hess said the plan reduces costs while protecting key growth investments in B2B commerce, payments, Feedonomics, product intelligence, and agentic commerce.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"CMRC pivots from growth spend to profitability: $60-80M cost cuts, a 20%+ non-GAAP margin target for 2027, and a fresh $50M buyback."},"keyFigures":{"guidance":"FY2026 revenue reaffirmed at $336.5M-$344.5M; non-GAAP operating income raised $3M to $31.0M-$37.0M (from $28.0M-$34.0M); Q3 2026 reaffirmed at revenue $82.5M-$85.5M and non-GAAP operating income $3.3M-$5.3M","customDimensions":{"buyback_window":"September 10, 2026 through September 10, 2028","savings_realized_2026":"$3 million (4% of total)","annualized_cost_savings":"$60 million to $80 million","buyback_authorization_usd":50000000,"savings_per_diluted_share":"$0.73 to $0.97","diluted_shares_outstanding":82600000,"restructuring_charges_q3_2026":"$4.2 million to $8.8 million","restructuring_charges_q4_2026":"$4.3 million to $17.5 million","non_gaap_operating_margin_target":"at least 20% beginning in 2027","nol_carryforwards_and_tax_attributes":353000000}},"quotedText":"This plan reduces costs while protecting our key growth investments, and we expect it to meaningfully increase profitability and free cash flow.","namedEntities":{"people":[{"name":"Travis Hess","role":"Chief Executive Officer"},{"name":"Daniel Lentz","role":"Chief Financial Officer and Chief Operating Officer"}],"products":["BigCommerce","Feedonomics","Makeswift","product intelligence","agentic commerce"],"companies":[{"name":"Commerce.com, Inc.","ticker":"CMRC","relationship":"filer"},{"name":"BigCommerce","relationship":"subsidiary"},{"name":"Feedonomics","relationship":"subsidiary"},{"name":"Makeswift","relationship":"subsidiary"},{"name":"Dell","relationship":"customer"}],"dollarAmounts":[{"amount":"$60 million to $80 million","context":"targeted annualized cost savings"},{"amount":"$0.73 to $0.97","context":"annualized savings per diluted share"},{"amount":"$50 million","context":"share repurchase authorization over two years"},{"amount":"$353 million","context":"net operating loss carryforwards and other tax attributes as of June 30, 2026"},{"amount":"$4.2 million to $8.8 million","context":"expected Q3 2026 restructuring and one-time expenses"},{"amount":"$4.3 million to $17.5 million","context":"expected Q4 2026 restructuring expenses"},{"amount":"$336.5 million and $344.5 million","context":"FY2026 total revenue guidance (reaffirmed)"},{"amount":"$31.0 million and $37.0 million","context":"updated FY2026 non-GAAP operating income guidance"},{"amount":"$28.0 million and $34.0 million","context":"prior FY2026 non-GAAP operating income guidance"}]},"materialImpact":{"score":4,"reasoning":"Company-wide restructuring targeting $60-80M of annualized cost savings with a 20%+ non-GAAP operating margin goal from 2027, a $50M two-year buyback authorization, and a $3M raise to FY2026 non-GAAP operating income guidance. Material strategic pivot for a ~$340M-revenue software company, though it falls outside the reserved score-5 categories."},"tickerRelevance":{"others":[],"primary":"CMRC"},"globalImportance":38,"audienceRelevance":26,"eventTypeSecondary":["buyback","guidance_update"],"importanceComponents":{"tickerTier":"small-cap software","eventGravity":"restructuring_with_buyback_and_guidance_raise","householdBrandBoost":false,"retailFavoriteBoost":false,"costSavingsVsRevenue":"~18-23% of FY2026 revenue guidance"}},"event_type":"restructuring","event_type_secondary":["buyback","guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Commerce.com announced a strategic operating plan targeting $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 per diluted share, with full-year non-GAAP operating margins of at least 20% beginning in 2027.\n\nThe board authorized up to $50 million of share repurchases over the next two years, and the company raised its FY2026 non-GAAP operating income guidance by $3 million to $31.0-$37.0 million while reaffirming revenue guidance of $336.5-$344.5 million.\n\nCommerce expects $4.2-$8.8 million of restructuring charges in Q3 2026 and $4.3-$17.5 million in Q4 2026, with the plan substantially complete by Q2 fiscal 2027; approximately $353 million of NOL carryforwards and tax attributes are expected to support free cash flow conversion.\n\nCEO Travis Hess said the plan reduces costs while protecting key growth investments in B2B commerce, payments, Feedonomics, product intelligence, and agentic commerce.","key_figures":{"guidance":"FY2026 revenue reaffirmed at $336.5M-$344.5M; non-GAAP operating income raised $3M to $31.0M-$37.0M (from $28.0M-$34.0M); Q3 2026 reaffirmed at revenue $82.5M-$85.5M and non-GAAP operating income $3.3M-$5.3M","customDimensions":{"buyback_window":"September 10, 2026 through September 10, 2028","savings_realized_2026":"$3 million (4% of total)","annualized_cost_savings":"$60 million to $80 million","buyback_authorization_usd":50000000,"savings_per_diluted_share":"$0.73 to $0.97","diluted_shares_outstanding":82600000,"restructuring_charges_q3_2026":"$4.2 million to $8.8 million","restructuring_charges_q4_2026":"$4.3 million to $17.5 million","non_gaap_operating_margin_target":"at least 20% beginning in 2027","nol_carryforwards_and_tax_attributes":353000000}},"named_entities":{"people":[{"name":"Travis Hess","role":"Chief Executive Officer"},{"name":"Daniel Lentz","role":"Chief Financial Officer and Chief Operating Officer"}],"products":["BigCommerce","Feedonomics","Makeswift","product intelligence","agentic commerce"],"companies":[{"name":"Commerce.com, Inc.","ticker":"CMRC","relationship":"filer"},{"name":"BigCommerce","relationship":"subsidiary"},{"name":"Feedonomics","relationship":"subsidiary"},{"name":"Makeswift","relationship":"subsidiary"},{"name":"Dell","relationship":"customer"}],"dollarAmounts":[{"amount":"$60 million to $80 million","context":"targeted annualized cost savings"},{"amount":"$0.73 to $0.97","context":"annualized savings per diluted share"},{"amount":"$50 million","context":"share repurchase authorization over two years"},{"amount":"$353 million","context":"net operating loss carryforwards and other tax attributes as of June 30, 2026"},{"amount":"$4.2 million to $8.8 million","context":"expected Q3 2026 restructuring and one-time expenses"},{"amount":"$4.3 million to $17.5 million","context":"expected Q4 2026 restructuring expenses"},{"amount":"$336.5 million and $344.5 million","context":"FY2026 total revenue guidance (reaffirmed)"},{"amount":"$31.0 million and $37.0 million","context":"updated FY2026 non-GAAP operating income guidance"},{"amount":"$28.0 million and $34.0 million","context":"prior FY2026 non-GAAP operating income guidance"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-10T12:02:51.503Z","global_importance":38,"audience_relevance":26,"importance_components":{"tickerTier":"small-cap software","eventGravity":"restructuring_with_buyback_and_guidance_raise","householdBrandBoost":false,"retailFavoriteBoost":false,"costSavingsVsRevenue":"~18-23% of FY2026 revenue guidance"}},"durationMs":39343,"modelName":"glm-5.3-flash"}}