Commerce.com Q1 Revenue up 5% to $86.8M, Net Income of $3.7M
Commerce.com reported Q1 total revenue of $86.8 million, up 5% year-over-year, and annualized ARR reached $359.8 million, a 3% increase. The company swung to a GAAP net income of $3.7 million from a prior-year loss, generated $18.4 million in operating cash flow and saw GMV grow 14% to $8.3 billion.
1. First Quarter Financial Highlights
Commerce.com’s total revenue for Q1 2026 rose 5% to $86.8 million, with annual recurring revenue reaching $359.8 million, up 3% year-over-year. Gross Merchandise Volume increased 14% to $8.3 billion, while net revenue retention improved to 95.4%.
2. Profitability and Cash Flow
The company reported GAAP net income of $3.7 million, reversing a $0.4 million loss a year earlier, and non-GAAP net income of $10.4 million (12% of revenue). Operating cash flow surged to $18.4 million, compared to $0.4 million last year, generating $14.1 million in free cash flow.
3. Strategic Initiatives and Liquidity
Commerce.com expanded its platform with BigCommerce Payments by PayPal for U.S. merchants and unveiled AI-driven product enhancements at its April conference. Cash and marketable securities totaled $157.0 million as of March 31, supporting further execution on its open commerce ecosystem strategy.