{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-272894","form_type":"8-K","ticker":"CMRC","cik":"0001626450","company_name":"Commerce.com, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.830576+00:00","generated_at":"2026-06-08T09:37:44.561432+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BigCommerce Q3 revenue $78M (+8% YoY); GAAP net loss narrows; cuts 7% workforce","bullets":["Revenue $78.0M (+8% YoY); Total ARR $332.2M (+9% YoY); Enterprise ARR $240.6M (+11% YoY).","GAAP op loss ($22.2M) vs ($30.6M); Non-GAAP op loss ($1.2M) vs ($11.5M); Adj EBITDA ($102K) vs ($10.5M).","GAAP net loss ($20.3M) ($0.27 EPS) vs ($30.3M) ($0.41 EPS); Non-GAAP net income $686K ($0.01 EPS).","Workforce reduction ~7% with $5.5M charge in Q3; cash impact $3.1M Q4 2023, $2.1M FY2024.","Deferred revenue up 85% YoY; cash and securities $266.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-272894","json":"https://secwatch.observer/filing/0001193125-23-272894.json","markdown":"https://secwatch.observer/filing/0001193125-23-272894.md","text":"https://secwatch.observer/filing/0001193125-23-272894.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/d909480d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T09:37:44.561432+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ad419cc057c64473696d94780f2a7b9bd4e3ccfc","claim":"Commerce.com, Inc. reported the third quarter ended September 30, 2023 results: revenue $78.0 million, net income ($20.3) million, EPS ($0.27).","evidence_excerpt":"as otherwise stated in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 BigCommerce Announces Third Quarter 2023 Financial Results Third Quarter Total Revenue of $78.0 Million, an Increase of 8% Versus Prior Year; Total ARR of $332.2 Million, an Increase of 9% Versus Prior Year. Enterprise ARR of $240.6 Million, an Increase of 11% Versus Prior Year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$78.0 million"},{"label":"Net income","value":"($20.3) million"},{"label":"EPS","value":"($0.27)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d345dafcb6530fc7a71813d6c0b057758132a1ff","claim":"Commerce.com, Inc. announced a restructuring with charges of approximately $5.5 million in connection with the 2023 Restructuring Plan, which primarily related to severance payments, employee benefits and related costs affecting workforce (reduce the Company's current workforce by approximately 7 percent).","evidence_excerpt":"On September 30, 2023, the Company committed to a plan to reduce the Company's current workforce by approximately 7 percent (the “ 2023 Restructuring Plan ”). Affected employees were notified on November 8, 2023, and are being provided with severance arrangements. The decision was based on cost-reduction initiatives intended to better position the Company for continued profitable growth heading into 2024. The Company recorded an expense of approximately $5.5 million in connection with the 2023 Restructuring Plan, which primarily related to severance payments, employee benefits and related costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $5.5 million in connection with the 2023 Restructuring Plan, which primarily related to severance payments, employee benefits and related costs"},{"label":"Affected area","value":"workforce"},{"label":"Headcount","value":"reduce the Company's current workforce by approximately 7 percent"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}