Commerce.com, Inc. - Series 1NASDAQ: CMRC

Q2'26 Earnings Presentation

Aug 6, 2026 at 11:34 AM UTC · MarketScreener

Watch Commerce.com, Inc. - Series 1 explain itCommerce.com, Inc. (CMRC) Q2 2026 Earnings Call · Replay · Aug 6

2Q 2026

Earnings Presentation

Meet Commerce

Our vision

Powering an open, intelligent ecosystem for next-generation commerce.

Our mission

We empower businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. We connect the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market.

A NEW ERA OF AI-LED COMMERCE

Solving the commerce problems of today. Powering the agents of tomorrow.

Traditional commerce problems we solve

Fragmented discovery and loss of buyer visibility Shoppers and buyers are using more channels than ever, making it harder for brands to be seen and to excite and track engagement across platforms.
Slow digital adoption and outdated buying experiences Commerce helps manufacturers and distributors accelerate their digital maturity without heavy IT overhead.
Complex, rigid tech stacks that can't move fast enough Commerce simplifies tech architectures with modular and industry-specific solutions without integration overhead, empowering and accelerating business teams.
Agentic commerce challenges we solve
AI search engines are skipping storefronts
New requirements for visibility: To surface in AI-driven buying journeys (Perplexity, Microsoft Co-Pilot, Google Gemini), Commerce powers structured & unstructured product data, ﬂexible storefronts, and extensible APIs for brands.
Brands are losing control of the experience
Our visual and modular stack helps brands create, control, and optimize experiences across every surface.
AI agents will soon handle transactions

Our architecture is ready for agentic commerce - enabling ﬂexible APIs, Model Context Protocols (MCP), pricing logic, and real-time decisioning.

Refer to the AI glossary on Slide 37. 5

OVERVIEW

From product data to conversion: An end-to-end AI-optimized commerce stack.

MAKESWIFT

Storefront

BigCommerce storefront

Intelligent storefront

FEEDONOMICS Agentic commerce

Agentic search and discovery

Agentic checkout

BIGCOMMERCE Commerce engine

B2C / B2B commerce

Product catalog

Orders

Cart

Promotions

Personalization

FEEDONOMICS

Enrichment

Platform agnostic intelligence

Normalization

Optimization

Syndication

Data orchestration

WHO WE SERVE

$$$$

$$$

Agentic Search

Agentic Checkout

B2C COMMERCE

B2B

OMNICHANNEL

AGENTIC COMMERCE

Medium complex operational needs Highly complex operational needs Extremely complex operational needs

AI driven shopping h buying powered by agents

OVERVIEW

Moving forward into the agentic era.

OMNICHANNEL ERA

COMPOSABLE ERA

AGENTIC ERA

Mid-Market Expansion

Acquires Acquires Feedonomics B2B Ninja

Acquires Makeswift

Builds Catalyst

AI Partnerships

Commerce Family

Platform Needs Data Needs

Content Needs

With API-centric architecture

Leading data management platform

Unifying B2B & B2C on single platform

Composable visual editor

Flexible integrated architecture

Industry leading partnerships for data and payments to top agentic commerce platforms

Announces brand family, unifying data, platform, and content needs for agentic AI future

OVERVIEW

Non-GAAP Operating Income/(Loss)*

$8M

($9M)

4Q22

2Q26

Non-GAAP Gross Margin*

76%

2Q26

$361M

ARR

Commerce at 6/30/2026.

Operating Cash Flow*

$5M

($3M)

4Q22

2Q26

*See the Appendix to this presentation for a reconciliation of non-GAAP financial measures to their nearest GAAP equivalent.

OVERVIEW

Commerce: Built for businesses. Ready for agents.

Data

Enrich, structure, and syndicate product data to discovery platforms and agentic engines.

Engine

Power transactions with enterprise-grade B2C / B2B infrastructure.

Experience

Create AI-optimized,

no-code customer journeys at the speed of change.

Commerce gives businesses unmatched control over their product, data, and brand experience across both traditional and emerging digital channels.

Where traditional and agentic commerce converge

Only Commerce gives you the stack to compete - no matter who (or what) is doing the buying.

In a world where search is changing, buying decisions are guided by AI, and commerce surfaces are fragmenting, businesses face a new imperative: be discoverable, be relevant, and be fast.

We power growth for leading brands across all industries.

POINT OF SALE

PAYMENTS

TAX

PIM

OMS

A global ecosystem of best-of-breed partner solutions.

AD CHANNELS

AGENTIC SEARCH

MARTECH

MARKETPLACES

CMS

SALES AND MERCH

CHECKOUT, FRAUD, LENDING

ERP

SHIPPING AND FULFILLMENT

90 + PREFERRED & ELITE PARTNERS

INDUSTRY AND ANALYST AWARDS & ACCOLADES

2025

2024

readiness

Strategic partnerships and integrations into Perplexity, Microsoft Co-Pilot, and Google Shopping.

Trusted by users

BigCommerce seen as trusted partner. Feedonomics seen as reliable, transparent, and easy to integrate.

Best-in-class B2B capabilities

24 medals across Paradigm B2B Combine (MM & ENT). 1 in vision, modularity, ecosystem support, and customer fit.

Top rated for B2B and automation

BigCommerce praised for B2B features and pricing ﬂexibility. Feedonomics for UI, automation, and support.

2024

Execution and vision leadership

Strong mid-market and enterprise execution. Vision aligned to emerging AI, B2B, and composable commerce trends.

G2 grid leader in key performance

BigCommerce top in ROI, ease of use, and multichannel.

Feedonomics in catalog management and automation.

Strong performer in B2C and B2B reports

Second overall in B2C report. High scores for product vision, partner strategy, and commerce ecosystem readiness.

Multichannel commerce leader

Leader in B2C, B2B, and Headless commerce platforms. Scalable architecture, seamless integration and fast onboarding.

Why we win.

Investment highlights.

Multi-billion dollar TAM expansion

Combines strengths across core commerce (BigCommerce), product syndication and AI channel distribution (Feedonomics), and low-code experience orchestration (Makeswift). Extends reach into marketplaces, retail media, agentic search, and personalization.

Rebuilt to execute:

SaaS veteran leadership, clear brand identity, GTM at scale

Strong leadership, new GTM focus, and unified branding position. Commerce to lead in enterprise, B2B and AI-powered commerce.

High gross margins,

expanding cash ﬂow, disciplined growth

High gross margins, expanding profitability, and improving cash ﬂow demonstrate a disciplined model built to scale efficiently.

A unified platform - built for the AI era

A differentiated, modular architecture that combines best-in-class commerce, feed management, and visual experience design - positioned for agentic commerce and the rise of AI-discovery platforms.

High-quality relationships that scale

Tens of thousands of customers, strategic alliances across Google, Microsoft, Meta, OpenAI, Perplexity, and a curated ISV and agency ecosystem.

Market leadership in modern B2B commerce

Commerce is cementing its leadership in mid-market and enterprise B2B ecommerce. Our capabilities address complex quoting, hierarchy, and integration needs, earning us the highest medal count in Paradigm B2B Combine for four years running.

WHY 12,000+ LEADING B2B BRANDS TRUST COMMERCE

Manufacturers, distributors, and wholesalers look to Commerce to solve these business challenges:

Accelerate growth and launch faster

$20M+

Additional net revenue per year per 100 unique customers

13%

Increase in AOV

19%

Average increase in return on ad spend

Streamline operations

24%

More efficient sales teams

50%

More productive digital platform managers

25%

Quicker business transaction execution

Lower overall technology costs

391%

ROI in three years

7 months

To positive ROI

$10K+

IT cost avoidance per 1,000 customers

COMMERCE DIFFERENTIATION IN MARKET

Why B2Bs choose Commerce:

B2B functionality out-of-the-box

Multi-company hierarchy Configure-price-quote Invoice portal

And much more, supporting

complex B2B workﬂows online, driving operational efficiency.

Supporting enterprise B2B scale

+17K Data feeds

+30M Products

+20M Product configurations

Operational efficiency and scalability for diverse selling models.

Driving business agility

Composable-led architecture Flexible payments

Multi-storefront

Peace of mind, easier compliance, and a future-ready tech stack.

WHY LEADING B2C BRANDS TRUST COMMERCE

B2C brands and retailers look to Commerce to solve these business challenges:

Accelerate growth and launch faster

61.9%

Average checkout conversion rate

65+

Leading payments providers

100%

Google Lighthouse scores out-of-the-box

Streamline operations

$180k+

Average savings on integrations development

15%

Average increase in channel revenue

19%

Average increase in return on ad spend

Lower overall technology costs

211%

ROI in less than eight months

$700k+

to cost savings by retiring legacy solution

90%

developer time savings by year three

COMMERCE DIFFERENTIATION IN MARKET

Why B2Cs choose Commerce:

Customization capabilities

Custom checkout and composable led architecture

Real-time visual page editing

Dynamic feed-based personalization

Better conversion rates, ﬂexible control and real-time data orchestration.

Supports complex business models

Multi-storefront and fiexible pricing

Component-based site fiexibility

Automated channel syndication

Operational efficiency and scalability for diverse selling models.

Unified ecommerce infrastructure

Pre-integrated composable-led architecture

Low-code visual development

AI-optimized product data management

Peace of mind, easier compliance, and a future-ready tech stack.

COMMERCE DIFFERENTIATION IN MARKET

Why we win in the agentic commerce era:

Discoverability in the AI era

Structured and unstructured product data

AI-optimized storefronts Extensible APIs and MCPs*

Ensure visibility in Perplexity, Copilot, ChatGPT, Gemini and next-gen search surfaces.

Merchant control and brand integrity

Dynamic and customizable storefronts

Own your data and representation

Composable infrastructure

Prevent disintermediation and maintain brand narrative across AI agents.

Intelligent and agentic commerce

Agentic search and checkout

Syndicated data for AI consumption

AI-personalized experiences

Win at the edge: Real-time relevance, conversion, and competitive advantage.

*MCP (Model Context Protocol): A framework for delivering structured, contextual product data to AI models, enabling accurate, real-time responses in agentic commerce experiences. 20

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