Commerce.com (CMRC) Cash Flow: Operating & Free Cash Flow

Commerce.com Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Commerce.com, Inc. (CMRC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-8.36	-27.03	-64.67	-139.92	-76.68	-37.56	-42.59	-38.88
Depreciation & Amortization	14.35	13.81	12.48	11.42	6.15	3.08	2.57	1.84
Deferred Income Tax	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.15
Stock Based Compensation	23.58	35.38	41.19	42.33	25.42	0.00	3.16	2.07
Change in Working Capital	10.30	9.54	-16.26	-20.73	0.75	-1.07	-4.08	4.17
Change in Accounts Receivable	-5.54	-14.21	-3.88	-20.34	-17.28	-9.31	-6.30	-4.63
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.06
Change in Accounts Payable	2.24	-0.90	0.96	-1.20	2.14	1.91	-1.58	0.29
Change in Other Working Capital	13.61	3.46	2.21	0.81	-5.94	6.33	3.80	6.45
Other Operating Activities	-12.47	3.46	2.21	17.54	4.05	9.01	0.97	0.05
Net Cash from Operating Activities	27.40	26.25	-24.24	-89.36	-40.30	-26.53	-39.97	-30.59
Investing Activities
Capital Expenditures	-8.60	-3.72	-4.18	-5.20	-3.30	-1.96	-5.58	-3.33
Acquisitions	0.00	-0.10	-7.89	-0.70	-81.07	0.00	0.00	0.00
Purchases of Investments	-94.75	-80.20	-228.28	-214.18	-107.01	0.00	0.00	-33.57
Sales/Maturities of Investments	87.28	189.31	243.17	103.55	4.50	0.00	23.45	10.38
Other Investing Activities	-2.44	0.00	0.00	0.00	0.00	0.00	0.00	-23.19
Net Cash from Investing Activities	-18.52	105.29	2.82	-116.53	-186.88	-1.96	17.87	-26.52
Financing Activities
Debt Repayment	-54.53	-109.12	-0.39	0.00	0.00	13.24	16.45	0.00
Common Stock Issued	3.63	1.71	3.85	0.21	5.88	239.52	0.00	64.24
Common Stock Repurchased	0.00	-2.45	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	-12.81	0.00	0.00
Other Financing Activities	-1.96	-6.63	-2.21	0.00	-45.61	0.00	0.90	64.24
Net Cash from Financing Activities	-53.08	-114.04	1.24	0.21	305.27	239.95	17.35	64.24
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	196.50	-196.50	0.00	0.00
Net Change in Cash	-44.19	17.51	-20.19	-205.67	78.10	14.96	-4.75	7.13
Cash at Beginning of Period	90.36	72.85	93.03	298.70	24.11	9.15	13.90	6.77
Cash at End of Period	46.16	90.36	72.85	93.03	298.70	24.11	9.15	13.90
Free Cash Flow	18.80	22.53	-28.42	-94.55	-43.60	-28.49	-45.55	-33.92
Supplemental Disclosures
Interest Paid	11.17	2.47	0.89	0.90	-	-	-	-
Income Taxes Paid	-	0.38	0.58	0.03	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Commerce.com Cash Flow

What is Commerce.com's free cash flow?

Commerce.com generated free cash flow of $18.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $27.40M minus $8.60M of capital expenditures. That was down 16.6% from $22.53M a year earlier. Free cash flow equaled 5.5% of revenue.

How much does Commerce.com spend on capital expenditures?

Commerce.com spent $8.60M on capital expenditures in fiscal 2025, compared with $3.72M a year earlier. That equals 31.4% of operating cash flow.

Does Commerce.com pay dividends or buy back shares?

Commerce.com's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition