Quarterly ResultMay 7, 2026, 07:17 AM
Commerce Q1 Revenue $86.8M, up 5%; GAAP Net Income $3.7M
AI Summary
Commerce.com, Inc. announced strong financial results for the first quarter ended March 31, 2026, with total revenue increasing 5% to $86.8 million and GAAP net income reaching $3.7 million, a significant improvement from a net loss in the prior year. The company also reported a 3% rise in Total Annual Revenue Run-rate (ARR) to $359.8 million and a 14% increase in Gross Merchandise Volume (GMV) to $8.3 billion. Strategic initiatives included the launch of BigCommerce Payments by PayPal and integrations with AI-driven commerce platforms, positioning the company for continued growth in an evolving market.
Key Highlights
- Total revenue increased 5% to $86.8 million for Q1 2026.
- GAAP net income was $3.7 million, compared to a net loss in the prior year.
- Total Annual Revenue Run-rate (ARR) grew 3% to $359.8 million.
- Gross Merchandise Volume (GMV) rose 14% to $8.3 billion.
- Net cash provided by operating activities was $18.4 million, up from $0.4 million.
- Free cash flow improved to $14.1 million from a ($2.9) million loss.
- Q2 2026 revenue guidance is $84.5M-$85.5M; full year $347.5M-$369.5M.
- Launched BigCommerce Payments by PayPal and integrated PayPal's Store Sync.