---
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"
generated_at: "2026-06-08T09:37:44.561432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BigCommerce Q3 revenue $78M (+8% YoY); GAAP net loss narrows; cuts 7% workforce

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-272894
- JSON: https://secwatch.observer/filing/0001193125-23-272894.json
- Plain text: https://secwatch.observer/filing/0001193125-23-272894.txt

## Key facts
- Earnings Releases
  Commerce.com, Inc. reported the third quarter ended September 30, 2023 results: revenue $78.0 million, net income ($20.3) million, EPS ($0.27).
  - Period: the third quarter ended September 30, 2023
  - Revenue: $78.0 million
  - Net income: ($20.3) million
  - EPS: ($0.27)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: approximately $5.5 million in connection with the 2023 Restructuring Plan, which primarily related to severance payments, employee benefits and related costs
  - Affected area: workforce
  - Headcount: reduce the Company's current workforce by approximately 7 percent
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1626450/000119312523272894/0001193125-23-272894-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.