Commerce.com, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $7.8m $219.4m $297.6m $91.6m $71.7m $88.9m $44.3m
Accounts receivable, net $15.5m $22.9m $39.8m $51.9m $37.7m $48.1m $50.0m
Prepaid expenses and other assets, net $5.3m $8.0m $9.7m $11.2m $24.7m $14.6m $15.3m
Prepaid expenses and other assets, net of current portion $1.2m $3.1m $6.7m
Total current assets $31.7m $254.1m $454.5m $374.2m $342.0m $251.2m $214.4m
Property and equipment, net $8.2m $7.1m $7.4m $9.1m $10.2m $9.1m $14.0m
Intangible assets, net $35.0m $27.6m $27.1m $17.3m $11.3m
Goodwill $42.4m $49.7m $52.1m $51.9m $51.9m
Operating lease, right-of-use-assets, net $14.1m $11.8m $9.5m $5.9m $4.4m $2.0m $7.1m
Restricted cash $1.4m $1.2m $1.1m $1.5m $1.1m $1.5m $1.9m
Marketable securities $102.3m $211.9m $198.4m $89.3m $96.8m
Deferred commissions $1.7m $2.6m $4.0m $6.2m $8.3m $8.8m $6.0m
Deferred commissions, net of current portion $2.1m $3.6m $5.7m $7.0m $7.1m $5.6m $3.5m
Deferred revenue $9.4m $11.4m $12.8m $17.8m $32.2m $46.6m $59.6m
Convertible Notes $0 $4.0m
Operating lease liabilities $2.7m $3.2m $2.7m $2.6m $2.5m $2.4m $1.6m
Other liabilities $9.7m $22.2m $36.3m $48.4m $24.8m $28.8m $28.3m
Convertible notes, net of current portion $339.6m $216.5m $153.0m
Operating lease liabilities, net of current portion $15.7m $12.7m $10.2m $10.0m $7.6m $1.7m $6.9m
Other liabilities, net of current portion $0 $7.2m $334k $551k $768k $1.3m
Total stockholders’ equity ($257.3m) $216.8m $138.3m $45.7m $25.5m $33.4m $39.4m
Total assets $56.1m $276.6m $555.5m $474.1m $444.1m $340.3m $308.8m
Total liabilities and stockholders' equity $56.1m $276.6m $555.5m $474.1m $444.1m $340.3m $308.8m
Accounts payable $3.9m $5.8m $8.2m $7.0m $8.0m $7.0m $9.9m
Accrued liabilities $5.8m $3.3m $2.9m $2.9m $2.7m $3.2m $4.8m
Total current liabilities $33.9m $45.9m $62.8m $78.8m $70.8m $88.0m $108.2m
Total liabilities $89.6m $59.9m $417.2m $428.4m $418.5m $306.9m $269.4m
Common stock, $0.0001 par value; 500,000 shares authorized at December 31, 2025 and 2024, respectively; 81,649 and 78,573 shares issued and outstanding at December 31, 2025 and 2024, respectively. 2k 7k 7k 7k 7k 7k 7k
Additional paid-in capital $17.2m $530.1m $528.5m $576.9m $620.0m $654.9m $680.2m
Accumulated other comprehensive income ($191k) ($1.2m) $163k $145k $224k
Accumulated deficit ($274.5m) ($313.4m) ($390.1m) ($530.0m) ($594.7m) ($621.7m) ($641.0m)