# Commerce.com Inc. Series 1 (CMRC) fundamentals

Data as of 2026-11-08. NASDAQ, United States. Sector: Technology / Software. Price $3.62, market value $302 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Commerce.com Inc. Series 1 reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.21**. A PEG of 0.21 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 5.8×**. The shares trade at 5.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 165.7×**. Enterprise value is 165.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 5.9%** (5-yr avg -2.2%). Free cash flow equals 5.9% of the market value, above its five-year average of -2.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 76.1%**. Commerce.com Inc. Series 1 keeps 76.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 0.0%**. 0.0% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -5.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -49.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 0.0%**. Return on all capital, debt included, is 0.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.2%**. Each dollar of assets produces -2.2% of profit.

## Growth
- **Revenue growth (1 yr): 2.8%** (3-yr 7.0%/yr, 5-yr 17.6%/yr). Revenue grew 2.8% over the last year, against 17.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 31.4%**. Earnings per share rose 31.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 3.99**. Debt is 3.99 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 45.1×**. It would take 45.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.98** (quick 1.98). Current assets cover the next year's liabilities 1.98 times.
- **Altman Z-score: 2.20**. A Z-score of 2.20 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Commerce.com Inc. Series 1 does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (5 analysts). 5 analysts cover Commerce.com Inc. Series 1; the consensus is hold, with an average price target of $4.00 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -23.0%** (YTD -12.1%, 3-mo 63.1%). The shares are down 23.0% over twelve months including dividends.
- **From 52-week high: -34.7%** (85.6% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.90** (volatility 75%). Beta of 0.90 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CMRC · Page: https://foliofundamentals.com/stocks/cmrc

Not investment advice.