Overview

• US commerce platform's Q1 revenue rose 5%, beating analyst expectations

• Adjusted EPS for Q1 rose to $0.13 from $0.07 a year ago

• Company launched new PayPal and Stripe integrations, expanding AI-driven commerce capabilities

Outlook

• Commerce.com expects Q2 revenue between $84.5 mln and $85.5 mln

• Company sees Q2 non-GAAP operating income between $4 mln and $5 mln

• Commerce.com forecasts 2026 revenue between $347.5 mln and $369.5 mln

Result Drivers

• AI-DRIVEN PLATFORM INNOVATION - Co said Q1 results reflect progress in AI-driven commerce, payments, and core platform advancements

• PAYMENTS INTEGRATION - Launch of BigCommerce Payments by PayPal and expanded Stripe partnership contributed to platform capabilities

• GMV GROWTH - Gross Merchandise Volume rose 14% year-over-year, supporting revenue growth

Company press release: ID:nGNX5Tmhw8

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$86.80 mln	$83.02 mln (9 Analysts)
Q1 Gross Margin		77.00%
Q1 Adjusted Gross Margin		77.00%

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Commerce.com Inc is $4.00, about 38.9% above its May 6 closing price of $2.88

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

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