secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-088945
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 rev $81.8M (+8% YoY); GAAP loss narrows; exchanges & repurchases convertible notes
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- Revenue $81.8M (+8% YoY); subscription solutions revenue $61.8M (+10% YoY).
- GAAP net loss ($11.3M) vs ($19.1M) YoY; non-GAAP net income $4.1M vs ($1.5M) YoY.
- Adjusted EBITDA $3.0M vs ($2.5M) YoY; cash & securities $276.9M.
- Exchanged $161.2M of 0.25% 2026 notes for $150M of new 7.5% 2028 notes; repurchased $120.6M for $108.7M cash.
- Q3 revenue guidance $82-84M (5-8% growth); FY2024 revenue $330.2-335.2M (7-8% growth).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024088945/0000950170-24-088945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024088945/bigc-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088945

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer