CMRC

Commerce’s second quarter was met with a significant negative market reaction, reflecting investor concern over the company’s flat revenue growth and downward revisions to its outlook. Management attributed these results to deliberate strategic decisions, including a narrowed partner ecosystem and increased investment in AI-driven infrastructure, which tempered near-term revenue. CEO Christopher Hess described the current period as one of “significant structural shift,” pointing to longer sales cycles in B2C replatforming and the industry-wide impact of artificial intelligence on merchant purchasing behavior. Management acknowledged that product intelligence and distributed commerce are now at the forefront of customer needs, requiring Commerce to reprioritize resources toward these areas while accepting some near-term softness in new bookings. Is now the time to buy CMRC? Find out in our full research report (it’s free). Revenue: $84.51 million vs analyst estimates of $85.15 million (flat year on year, 0.7% miss) Adjusted EPS: $0.08 vs analyst estimates of $0.04 (significant beat) Adjusted EBITDA: $9.68 million vs analyst estimates of $6.31 million (11.5% margin, 53.3% beat) The company dropped its revenue guidance for the full year to $340.5 million at the midpoint from $358.5 million, a 5% decrease Operating Margin: 3.2%, up from -8% in the same quarter last year Annual Recurring Revenue: $360.5 million vs analyst estimates of $361.8 million (1.7% year-on-year growth, in line) Billings: $85.43 million at quarter end, down 6.6% year on year Market Capitalization: $179 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Scott Berg (Needham): asked about the downturn in B2C replatforming and whether this decline was temporary. CEO Christopher Hess replied that longer sales cycles and AI-driven evaluation delays are prolonging decisions, but win rates remain steady and deals are being pushed out rather than lost. Scott Berg (Needham): also inquired about BigCommerce Payments’ impact on competitive positioning. Hess and CFO Daniel Lentz shared that adoption exceeded expectations, including uptake by larger merchants, and that payments are a key focus for closing the GMV-to-revenue gap. Hoi-Fung Wong (Oppenheimer): questioned if recent pricing changes affected pipeline or churn. Hess and Lentz responded that the pricing changes were limited in scope and had no material impact on customer conversion or retention, emphasizing that macro trends, not pricing, are driving current softness. David Hynes (Canaccord): sought clarity on Feedonomics’ differentiation versus competitors and the pace of its growth. Hess highlighted Feedonomics’ agnostic, data-driven approach and growing appeal to large, complex merchants, while Lentz noted that Feedonomics is growing faster than the overall business. John Messina (Raymond James): asked about the B2B segment’s contribution and payment attach rates. Hess and Lentz explained that B2B is driving pipeline and GMV growth with higher retention, but payments monetization is inherently lower, prompting ongoing investment in alternative monetization strategies. Looking forward, the StockStory team will be monitoring (1) adoption rates and monetization progress for BigCommerce Payments and Feedonomics Surface, (2) the trajectory of new account bookings in both B2B and B2C segments amid lengthening sales cycles, and (3) the impact of further AI-driven product launches on customer retention and revenue mix. Continued execution on strategic investments and progress toward closing the GMV-to-revenue gap will also be closely watched. Commerce currently trades at $2.16, down from $3.41 just before the earnings. Is the company at an inflection point that warrants a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Commerce.com (CMRC) lowered its full year 2026 revenue guidance while reporting second quarter results that showed improved profitability but only modest sales movement. This mix has put the stock’s near term outlook under closer scrutiny. See our latest analysis for Commerce.com. Commerce.com’s share price has fallen 29% over the past week and 45% year to date, while the 1 year total shareholder return is down 49%. This points to fading momentum despite recent client wins and improved profitability. If this shift in sentiment has you reassessing your options in AI driven commerce, it may be a good time to see where capital is flowing across 56 AI infrastructure stocks Commerce.com’s guidance cut and sharp share price slide point to a tug of war between business fundamentals and sentiment. Are investors overreacting to slower revenue, or simply repricing what this stock is worth today? Commerce.com’s most followed narrative suggests a fair value of $4.40, compared with the last close at $2.22. This puts a lot of weight on future execution. Read the complete narrative. There is a detailed playbook behind that $4.40 fair value. It leans on measured revenue growth, a sharp improvement in profit margins, and a future earnings multiple that has to sit below many large US IT peers. Curious which assumptions matter most and how they stack up against today’s guidance reset? Result: Fair Value of $4.40 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Commerce.com still faces key risks, including softer revenue guidance and intense competition that could keep monetization and enterprise retention under pressure. Find out about the key risks to this Commerce.com narrative. With sentiment on Commerce.com split between concern and optimism, it makes sense to move quickly and weigh the full picture for yourself using the 4 key rewards and 1 important warning sign. If Commerce.com has you rethinking where your money works hardest, do not stop with just one stock. Use these focused screens to quickly spot other opportunities that might suit your approach. Target dependable cash generators and see which companies currently offer resilient income potential through the 8 dividend fortresses. Hunt for quality at a reasonable price by scanning companies that look attractively priced on fundamentals with the 52 high quality undervalued stocks. Prioritize peace of mind and check which businesses score well on balance sheet strength and financial durability using the 83 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CMRC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Commerce.com, Inc. CMRC used its second-quarter 2026 call to reset near-term expectations, citing softer B2C replatforming and lower partner revenues while shifting investment to AI, product intelligence and payments. Second-quarter non-GAAP EPS of 8 cents topped the Zacks Consensus Estimate of 4 cents, while revenues of $84.51 million missed the $85.2 million consensus. The lowered 2026 outlook was the central issue. Commerce.com, Inc. price-consensus-eps-surprise-chart | Commerce.com, Inc. Quote CFO & COO Daniel Lentz put third-quarter revenues at $82.5 million to $85.5 million, with non-GAAP operating income of $3.3 million to $5.3 million. Lentz set 2026 revenue guidance at $336.5 million to $344.5 million and non-GAAP operating income at $28 million to $34 million. He said the revenue midpoint is $18 million below the prior outlook, split roughly evenly between a smaller partner ecosystem and cautious bookings assumptions. The operating-income midpoint fell $12.5 million, also reflecting R&D and AI infrastructure spending. A Needham analyst pressed CEO Travis Hess on replatforming. Hess said deals are taking longer rather than disappearing as merchants reassess technology priorities around AI-driven discovery. Hess said B2C replatforming remains the main area of softness, while win and close rates have not changed materially. He also cited second-half holiday timing as another reason for prudence. An Oppenheimer analyst asked whether June pricing changes were affecting demand. Lentz said the changes touched only a small portion of ARR and had not affected pipeline or conversion. CEO Travis Hess said Commerce is concentrating resources on product intelligence, AI, payments and B2B rather than every near-term revenue opportunity. Feedonomics is central as discovery spreads across AI assistants, marketplaces and other channels. In response to a Canaccord analyst, Hess emphasized Feedonomics’ platform-agnostic positioning among large merchants. Lentz said Feedonomics represents roughly 20% of ARR, perhaps slightly less, and is growing faster than the overall business. Lentz said non-GAAP gross margin fell to 75.7% from 77.4% in the first quarter as AI crawlers and agents drove higher hosting costs. Lentz said Commerce is keeping storefronts broadly accessible despite the expense. Hess described BigCommerce Payments adoption as ahead of expectations after its U.S. launch. Lentz said GMV on the branded solution is running more than 30% above internal targets. Lentz said new and existing merchants are adopting the product, including some larger customers despite its initial small-business and mid-market focus. Lentz said Commerce remains on track for a U.K. launch later this year and framed payments as a tool for bringing revenue growth closer to underlying GMV growth. B2B GMV increased 17% year over year, faster than the platform’s 14% growth. Lentz said B2B pipeline growth, win rates and gross retention are stronger than in the broader business. He also said B2B customers use fewer credit-card transactions, limiting partner and services revenues and requiring Commerce to find additional ways to participate in B2B payment flows. Hess said manufacturers and distributors fit the platform’s strengths in complex catalogs, permissions and workflows. He added that the dedicated B2B go-to-market organization has helped support momentum. Hess closed by emphasizing a more durable business model rather than maximizing near-term revenues. Hess said priorities remain product intelligence, agentic commerce, payments, B2B, Makeswift and Feedonomics Surface. Commerce ended the quarter with ARR of $360.5 million and NRR of 95.8%, the third consecutive sequential improvement. Lentz said the company remains on track for full-year GAAP profitability. CMRC carries a Zacks Rank #3 (Hold), with a Value Score of A, Growth Score of A, Momentum Score of A and a VGM Score of A. Under the Zacks framework, A and B Style Scores are more favorable than lower grades, while VGM combines value, growth and momentum characteristics. The Zacks Rank and Style Scores work together, with the strongest historical combinations centered on Zacks Rank #1 (Strong Buy) and #2 (Buy) stocks paired with A or B scores. CMRC’s rank is less favorable than the top ranks, and the Zacks Rank can change as estimates are revised after the results. You can see the complete list of today’s Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce.com, Inc. (CMRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Commerce.com, Inc. CMRC reported second-quarter 2026 non-GAAP earnings of 8 cents per share, beating the consensus estimate of 4 cents. The figure increased 100% year over year. Better operating leverage supported the earnings outperformance.Revenues of $84.5 million increased 0.1% year over year but missed the consensus estimate by 0.75%. Annual revenue run-rate increased 2% year over year to $360.5 million. In the second quarter, subscription solutions revenues were $63.1 million, down 0.8% year over year. Partner and services revenues increased 2.9% to $21.4 million, helping offset the decline in subscription revenues.Geographically, U.S. revenues fell 1% year over year, while EMEA revenues increased 12%. APAC revenues declined 4% in the reported quarter. Commerce.com, Inc. price-consensus-eps-surprise-chart | Commerce.com, Inc. Quote During the quarter, gross merchandise volume rose 14% year over year to $8.8 billion. B2B GMV increased 17%, and Commerce facilitated nearly $34 billion in GMV over the prior four quarters. Net revenue retention improved to 95.8% in the reported quarter from 95.4% in the previous quarter.Management noted that the GMV mix is weighted toward B2B, where card-based payment volume represents a smaller share of transactions and generates less partner revenue share. Remaining performance obligations and deferred revenues rose 11% and 25%, respectively, year over year, reflecting growth in contracted customer commitments. In the second quarter, non-GAAP operating income was $8.1 million, up from $4.8 million a year earlier. Non-GAAP operating margin expanded 390 basis points to 9.6% year over year.During the quarter, non-GAAP gross margin fell sequentially to 75.7% from 77.4%. Management attributed the pressure mainly to higher hosting costs from AI crawlers and agents indexing merchant storefronts. Commerce.com is keeping storefront access broadly open because it views AI-driven discovery traffic as valuable despite the near-term infrastructure burden. As of June 30, 2026, the company's cash, cash equivalents, restricted cash and marketable securities totaled $157.5 million. CMRC said cash and investments continued to exceed long-term debt outstanding, with no material debt maturities until 2028. Its net cash position improved by nearly $22 million year over year.During the quarter, operating cash flow was $5.09 million, down from $13.56 million a year ago. Free cash flow was $0.1 million versus $11.9 million, as capital expenditures increased to $5.04 million from $1.65 million. For the third quarter of 2026, CMRC expects revenues of $82.5-$85.5 million and non-GAAP operating income of $3.3-$5.3 million. The revenue midpoint represents a 2% year-over-year decline, while the operating margin outlook is 4%-6%.For 2026, revenues are projected at $336.5-$344.5 million, with non-GAAP operating income of $28-$34 million. Management said the revenue midpoint was reduced by $18 million from its prior outlook, reflecting roughly equal effects from a narrower partner ecosystem and a more cautious assumption for second-half new-account bookings. The operating income midpoint was lowered by $12.5 million, also reflecting targeted R&D spending and higher AI-related infrastructure costs. Currently, Commerce.com carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Retail-Wholesale sector are The TJX Companies TJX, StubHub Holdings, Inc. STUB and Abercrombie & Fitch ANF, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The TJX Companies shares have returned 3.7% in the past six months. TJX is set to report its second-quarter fiscal 2027 results on Aug. 19, 2026.StubHub Holdings shares have declined 12.2% in the past six months. STUB is slated to report its second-quarter 2026 results on Aug. 12.Abercrombie & Fitch shares have gained 19.1% in the past six months. ANF is slated to report its second-quarter 2026 results on Aug. 26. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce.com, Inc. (CMRC) : Free Stock Analysis Report The TJX Companies, Inc. (TJX) : Free Stock Analysis Report Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report StubHub Holdings, Inc. (STUB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The company delivered a second consecutive quarter of GAAP profitability while continuing to invest in AI-driven commerce capabilities and maintaining its full-year financial outlook. Commerce (NASDAQ:CMRC) reported second-quarter revenue of $84.5 million, with Gross Merchandise Volume (GMV) increasing 14% year over year. The company posted positive GAAP net income for a second consecutive quarter and improved non-GAAP operating profitability. Net Revenue Retention improved for a third straight quarter, indicating stabilising customer expansion trends. Commerce continued expanding its AI-driven commerce platform through new product launches and merchant integrations with emerging AI shopping channels. Management reaffirmed its full-year 2026 guidance while forecasting continued profitability in the third quarter. Commerce (NASDAQ:CMRC) reported second-quarter revenue of $84.5 million, broadly unchanged from a year earlier, while Gross Merchandise Volume (GMV) increased 14% to $8.8 billion. Annual recurring revenue reached $360.5 million, up 2%, and Net Revenue Retention improved to 95.8%, marking the third consecutive quarter of sequential improvement. Profitability continued to strengthen, with the company generating GAAP operating income of $2.7 million and GAAP net income of $1.1 million, compared with losses in the prior-year period. Non-GAAP operating income increased to $8.1 million, while adjusted EBITDA rose to $9.7 million. During the quarter, Commerce expanded its AI-focused product strategy by enabling merchants to syndicate product catalogues to AI-powered discovery platforms, including OpenAI and Google Gemini, through its Feedonomics Agentic Catalog Exports service. The company also introduced multiple platform enhancements focused on international selling, promotions, catalogue management and checkout performance. Management expects third-quarter revenue of $82.5 million to $85.5 million and reaffirmed full-year revenue guidance of $336.5 million to $344.5 million. The results suggest Commerce is making progress in balancing profitability with continued investment in product innovation. While overall revenue growth remained modest, stronger GMV growth and improving customer retention indicate underlying merchant activity continues to expand across the platform. A second consecutive quarter of GAAP profitability and higher operating margins may strengthen confidence that the company’s cost discipline is translating into more sustainable financial performance. Commerce’s continued investment in AI-enabled commerce tools also reflects its strategy of positioning merchants for emerging shopping channels powered by artificial intelligence. If adoption of these capabilities continues to grow, they could become an increasingly important competitive differentiator over time. Investors will be monitoring: Whether GMV growth continues to outpace overall revenue growth. Further improvement in Net Revenue Retention and subscription revenue trends. Adoption of Commerce’s AI-driven merchant tools and agentic commerce capabilities. Progress toward achieving its full-year revenue and non-GAAP operating income guidance. Continued expansion of GAAP and non-GAAP profitability. Commerce.com stock price

Commerce.com (CMRC) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of +18.18%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Commerce.com, which belongs to the Zacks Internet - Commerce industry, posted revenues of $84.51 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.77%. This compares to year-ago revenues of $84.43 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Commerce.com shares have lost about 17.2% since the beginning of the year versus the S&P 500's gain of 12.8%. While Commerce.com has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Commerce.com was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.10 on $88.36 million in revenues for the coming quarter and $0.41 on $353.54 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, PetMed (PETS), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This pet pharmacy company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +135.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. PetMed's revenues are expected to be $51.68 million, up 1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commerce.com, Inc. (CMRC) : Free Stock Analysis Report PetMed Express, Inc. (PETS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: Q2 2026 revenue was $84.5 million, within guidance range. Subscription Solutions Revenue: $63.1 million in Q2. Partner and Services Revenue: $21.4 million in Q2. Non-GAAP Operating Income: $8.1 million, above the high end of guidance ($4 million to $5 million). Non-GAAP Operating Margin: 9.6%, up nearly 400 basis points year-over-year. GMV: Grew 14% year-over-year to $8.8 billion. B2B GMV Growth: Increased 17% year-over-year. Net Revenue Retention (NRR): 95.8%, up sequentially from 95.4% in Q1 2026. GAAP Net Income: Positive for the second consecutive quarter. Cash and Investments: Ended quarter with over $157 million in cash equivalents, restricted cash, and marketable securities. Operating Cash Flow: $5.1 million in Q2; $23.5 million for the first half of 2026. Free Cash Flow: $0.1 million in Q2; $14.1 million for the first half of 2026. Capital Expenditures: Stepped up to $5 million in Q2 from $1.7 million a year ago. ARR: Ended quarter at $360.5 million, up sequentially from $359.8 million. Non-GAAP Gross Margin: 75.7% in Q2, down sequentially from 77.4% in Q1. Stock-Based Compensation: Approximately 4.7% of revenue in Q2, down from 8.7% in the same quarter last year. Q3 2026 Guidance: Revenue between $82.5 million and $85.5 million; non-GAAP operating income between $3.3 million and $5.3 million. Full Year 2026 Guidance: Revenue between $336.5 million and $344.5 million; non-GAAP operating income between $28 million and $34 million. Warning! GuruFocus has detected 5 Warning Signs with CMRC. Is CMRC fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Delivered Q2 revenue of $84.5 million within guidance and non-GAAP operating income of $8.1 million, above the high end of the range. GMV grew 14% year-over-year to $8.8 billion, with B2B GMV up 17%. Achieved positive GAAP net income for the second consecutive quarter and improved net revenue retention sequentially for the third straight quarter to 95.8%. BigCommerce Payments exceeded expectations, with GMV running more than 30% ahead of internal plans and expansion to additional merchant cohorts and UK launch on track. Strategic partnerships with Accenture and WP Engine are building momentum, including a product intelligence win with a major footwear and apparel manufacturer. Stock-based compensation decreased to 4.7% of revenue in Q2, down from 8.7% year-over-year, and cash position improved by nearly $22 million year-over-year. Revised full-year 2026 revenue guidance down by $18 million at the midpoint due to deliberate partner ecosystem concentration and cautious new account bookings. B2C replatforming activity remains soft, with longer sales cycles and customers delaying decisions due to AI evaluation. Non-GAAP gross margin declined sequentially from 77.4% in Q1 to 75.7% in Q2, driven by higher hosting costs from AI crawler traffic. Partner and services revenue declined sequentially, partly due to the launch of BigCommerce Payments and a more focused partner ecosystem. Increased capital expenditures to $5 million in Q2, up from $1.7 million a year ago, to fund product investments, impacting free cash flow. The company expects lower new account bookings in the second half of the year, reflecting a measured software spending environment. Q: Can you unpack what's driving the lower B2C replatforming activity and whether this is a short-term cycle or a multi-year headwind?A: Travis Hess (CEO): We're seeing longer sales cycles rather than deals dropping out completely. AI is a leading factormerchants are prioritizing discoverability in agentic commerce and have concluded that replatforming everything doesn't necessarily address that issue. It's a sequencing issue where discovery is taking the front seat, causing decisions to take longer. We're being prudent in our guidance given holiday timing and uncertainty around adoption rates. Q: What's driving the $18 million reduction in full-year revenue guidance at the midpoint, and how is it split between deliberate decisions and market conditions?A: Daniel Lentz (CFO/COO): The reduction reflects roughly an even mix between two factors: our deliberate decision to concentrate on a smaller number of deeper, healthier technology partner relationships (foregoing some less durable partner revenue), and a more cautious view of new account bookings in the second half due to continued softness in B2C replatforming and a measured software spending environment. The non-GAAP operating income outlook was reduced by $12.5 million at the midpoint, reflecting the revenue adjustment plus targeted R&D investment and higher infrastructure costs from AI-driven discovery, partially offset by operating efficiencies. Q: How is BigCommerce Payments performing since launch, and what are the early adoption trends?A: Daniel Lentz (CFO/COO): Merchant adoption has been strong, with GMV running more than 30% ahead of internal plans. We're seeing good progress with both new accounts using the branded payment solution and existing accounts migrating. Larger accounts are also opting to use it, which was a pleasant surprise. We've begun expanding availability to select performance plan merchants in the US and remain on track for a UK launch later this year. Travis Hess (CEO) added that payments have exceeded expectations, and the crawl-walk-run approach has been very positive. Q: How does Feedonomics differ from Shopify's Catalog product, and how fast is Feedonomics growing?A: Travis Hess (CEO): Feedonomics deals with a different cohortworking with 30% of the IR1000, including large branded manufacturers and retailers globally. The key difference is our focus on data and merchant sovereignty; Feedonomics is agnostic and independent of architecture stack or ecosystem, allowing merchants to participate across any protocol or service without being overly reliant on any one. Daniel Lentz (CFO/COO) added that Feedonomics represents roughly 20% of ARR and is growing at a faster rate than the business as a whole, alongside B2B, while B2C lags behind the overall growth rate. Q: Can you explain the sequential decline in Partner and Services Revenue (PSR) from Q1 to Q2 despite 14% GMV growth?A: Daniel Lentz (CFO/COO): The step-down was driven by arrangements within PSR tied to the launch of BigCommerce Payments that hit in Q1. The implied guidance suggests roughly a 50/50 front-half/back-half revenue split, versus the normal 49/51, due to the one-time payment benefit in Q1 and the decision to focus on fewer partners, which shifts some long-tail revenue that would have come in Q4 out of the forecast. Q: What's driving the strength in B2B, and what are the early signs for B2B payments?A: Travis Hess (CEO): The majority of new bookings over the last year and a half has been B2B-oriented, driven by the platform's strength in handling complex operational requirements like multiple catalogs, account tiering, and permissions workflows. Win rates remain consistent or slightly higher. Daniel Lentz (CFO/COO) added that B2B pipeline and GMV are growing faster (17% YoY vs 14% overall), with higher win rates and gross retention. However, B2B has fewer credit card transactions, creating a monetization gap that the company is addressing through payment strategy and R&D investment. Q: Is the softness in new customer bookings a push-out rather than lost deals, and did the June 1 pricing changes cause any customer pushback or churn?A: Travis Hess (CEO): Win rates have actually ticked up in some segments, with no material change in win-loss. The softness is specific to B2C replatforming, with longer evaluation cycles, while B2B and product intelligence remain strong. Daniel Lentz (CFO/COO) confirmed no indication that pricing actions affected pipeline or conversionthe changes were very small in terms of ARR impact, primarily affecting small business plans, with negotiated agreements (the lion's share of ARR) unaffected. Q: What's driving the strength in the EMEA market, and are win rates different outside the US?A: Daniel Lentz (CFO/COO): Win rates are consistent globally, and there's no FX benefit since sales are conducted in US dollars. EMEA's strength comes from higher complexity in use casesmulti-geography, multi-storefront, multi-currency requirementswhere the platform excels. The company has a strong leadership team in the region and will continue to invest there. Q: What caused the sequential decline in non-GAAP gross margin from 77.4% in Q1 to 75.7% in Q2?A: Daniel Lentz (CFO/COO): The primary driver was higher hosting costs to support merchant storefronts due to increased traffic from AI crawlers and agents indexing and retrieving product data. The company views this traffic as valuable and the right long-term decision, despite the near-term incremental cost, as it reflects real and growing demand from AI surfaces where product discovery increasingly happens. Q: How is the company's cash position and profitability trending?A: Daniel Lentz (CFO/COO): The company ended Q2 with over $157 million in cash equivalents, restricted cash, and marketable securities, with net cash up nearly $22 million year-over-year. First-half 2026 operating cash flow was $23.5 million and free cash flow was $14.1 million, up from $14 million and $9 million a year ago. The company delivered positive GAAP net income for the second consecutive quarter and remains on track for full-year GAAP profitability. Stock-based compensation declined to 4.7% of revenue in Q2 from 8. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is concentrating investments into three 'control planes'—Feedonomics (intelligence), Makeswift (experience), and BigCommerce (transaction)—to address a structural shift toward distributed commerce. Performance was driven by strong B2B momentum and sequential improvements in net revenue retention, which rose to 95.8% as the company focuses on a more durable earnings profile. The company is deliberately narrowing its partner ecosystem to focus on deeper, higher-quality relationships that offer more sustainable long-term economics rather than chasing all near-term revenue. A strategic decision was made to keep merchant storefronts accessible to AI agents and crawlers, prioritizing long-term discoverability despite incurring higher immediate infrastructure costs. B2C replatforming activity remains softer than historical norms as merchants delay large-scale technology shifts to evaluate how AI impacts their long-term investment strategies. The launch of BigCommerce Payments in the U.S. exceeded internal expectations, serving as a key vehicle to close the gap between platform GMV growth and revenue realization. Updated full-year guidance reflects a $18 million revenue reduction, split evenly between deliberate partner ecosystem consolidation and a more cautious view of second-half new account bookings. Management assumes continued softness in B2C sales cycles through the remainder of 2026, opting for a prudent baseline rather than anticipating a sharp recovery. The company expects to launch new data enrichment offerings in Q3, followed by a B2C Brand Agent and Conversational Search in early Q4 to capitalize on agentic commerce trends. Operating income guidance was adjusted downward by $12.5 million at the midpoint to account for targeted R&D increases and higher hosting costs related to AI traffic. The roadmap includes a UK launch for BigCommerce Payments and a year-end freemium launch for Makeswift to expand the addressable market via product-led growth. Non-GAAP gross margin declined to 75.7% primarily due to increased hosting costs from AI crawlers indexing merchant product data. The current GMV mix is heavily weighted toward B2B, which grows faster at 17% but generates lower partner revenue share due to a lower mix of card-based payments. Stock-based compensation was significantly reduced to 4.7% of revenue, down from 8.7% in the prior year, reflecting a commitment to disciplined dilution management. The company achieved positive GAAP net income for the second consecutive quarter and remains committed to full-year GAAP profitability. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that AI is causing merchants to deliberate longer as they prioritize discoverability over total platform replacement. The sequencing of investments has shifted, with merchants focusing on how to leverage AI internally before committing to costly migrations. Branded payment GMV is tracking 30% ahead of internal targets, with surprising adoption from larger mid-market accounts. The solution is currently a low-risk model booked on a net basis, with plans to evaluate more complex monetization evolutions in 2027. Commerce emphasizes 'merchant sovereignty,' keeping the product intelligence layer agnostic and independent of any specific architecture or ecosystem. Feedonomics targets a higher-end cohort, currently serving approximately 30% of the IR1000, which requires more complex data governance and control. Management stated they have seen no negative impact on pipeline or conversion, as the changes primarily affected small business plans rather than negotiated enterprise agreements. The move was a strategic alignment with specific partners rather than a broad-based price increase.

Total ARR of $360.5 Million, an Increase of 2% Versus Prior Year. GAAP Net Income of $1.1 Million Versus Net Loss in Prior Year Period. Operating Cash Flow of $5.1 Million AUSTIN, Texas, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Commerce.com, Inc. (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem that enables businesses to unlock data, power intelligent discovery and deliver personalized experiences at scale, today announced financial results for its second quarter ended June 30, 2026. "Our second quarter results reflect another period of disciplined execution, with revenue of $84.5 million, 14% GMV growth, positive GAAP net income for the second consecutive quarter, and a third consecutive quarter of sequential improvement in net revenue retention,” said Travis Hess, CEO of Commerce. “Just as importantly, we're making deliberate decisions to strengthen the quality and durability of our business by investing in product intelligence, AI-driven commerce, and the open architecture merchants need as commerce becomes increasingly distributed. We believe those disciplined trade-offs position Commerce to deliver stronger merchant outcomes and create long-term value for both our customers and shareholders." Second Quarter Financial Highlights: Total revenue was $84.5 million, up 0.1% compared to the three months ended June 30, 2025. Total annual revenue run-rate (“ARR”) as of June 30, 2026 was $360.5 million, up 2% compared to June 30, 2025. Subscription solutions revenue was $63.1 million, down 1% compared to the three months ended June 30, 2025. Gross Merchandise Volume (GMV) was $8.8 billion, up 14% compared to the three months ended June 30, 2025. Net Revenue Retention (NRR) was 95.8%, compared to 95.4% in the three months ended March 31, 2026 and 94.5% in the three months ended June 30, 2025. GAAP gross margin was 75%, compared to 79% in the three months ended June 30, 2025. Non-GAAP gross margin was 76%, compared to 80% in the three months ended June 30, 2025. Other Key Business Metrics Revenue in the United States declined by 1% compared to the three months ended June 30, 2025. Revenue in EMEA grew by 12% and revenue in APAC declined by 4% compared to the three months ended June 30, 2025. Income (Loss) from Operations and Non-GAAP Operating Income GAAP income from operations was $2.7 million, compared to a loss of ($6.8) million in the three months ended June 30, 2025. Non-GAAP operating income was $8.1 million, compared to $4.8 million in the three months ended June 30, 2025. Non-GAAP operating margin was 9.6%, compared to 5.7% in the three months ended June 30, 2025. GAAP Net Income (Loss), Non-GAAP Net Income and Earnings Per Share GAAP net income was $1.1 million, compared to a net loss of ($8.4) million in the three months ended June 30, 2025. Non-GAAP net income was $6.5 million or 8% of revenue, compared to $3.2 million or 4% of revenue in the three months ended June 30, 2025. GAAP basic net income per share was $0.01 based on 82.6 million weighted average shares outstanding, compared to ($0.10) based on 80.1 million weighted average shares outstanding in the three months ended June 30, 2025. GAAP diluted net income per share was $0.01 based on 82.8 million weighted average shares outstanding compared to ($0.10) based on 80.1 million weighted average shares outstanding for the three months ended June 30, 2025. Non-GAAP basic net income per share was $0.08 based on 82.6 million shares of weighted average shares outstanding, compared to $0.04 based on 80.1 million shares of weighted average shares outstanding in the three months ended June 30, 2025. Non-GAAP diluted net income per share was $0.08 based on 82.8 million shares of dilutive shares, compared to $0.04 based on 81.0 million dilutive shares in the three months ended June 30, 2025. Adjusted EBITDA ●     Adjusted EBITDA was $9.7 million, compared to $5.7 million in the three months ended June 30, 2025. Cash Cash, cash equivalents, restricted cash, and marketable securities totaled $157.5 million as of June 30, 2026. For the three months ended June 30, 2026, net cash provided by operating activities was $5.1 million, compared to $13.6 million provided by operating activities for the same period in 2025. Free cash flow of $0.1 million in the three months ended June 30, 2026, compared to $11.9 million in the three months ended June 30, 2025. Business Highlights: Corporate Highlights In April, Commerce announced that merchants, including Dell, are now syndicating catalog data to key agentic discovery channels including OpenAI and Google Gemini, using Feedonomics Agentic Catalog Exports (ACE), a new enterprise service designed to help merchants make their product catalogs discoverable across emerging AI-powered and agent-driven shopping environments. In May, the Company announced a broad set of product innovations during its  Commerce Live 2026 customer and partner event. The product enhancements span core platform advancements, new growth capabilities and emerging agentic commerce experiences, including: In June, the Company announced that TrustRadius recognized BigCommerce with a 2026 Top Rated Award based on customer reviews and highlighting BigCommerce as a top player in the ecommerce software category. In July, the Company announced BigCommerce has scored 24 out of 24 total medals in the 2026 Paradigm B2B Combines for Digital Commerce Solutions (Enterprise and Midmarket Editions) for the fourth consecutive year. BigCommerce advanced its rankings to six gold and six silver medals in Enterprise and again achieved more Gold medals in Midmarket than other platforms. In July, Commerce and WP Engine, a global web enablement company providing products and solutions for websites built on WordPress, announced a strategic partnership to help high-growth, mid-market brands compete in the era of content-driven commerce. Customer Highlights: Flaircraft, an Irish jewelry brand selling primarily into the U.S. market, launched a new B2B storefront, with support from Immersify for front-end build and development. They are utilising B2B Edition functionality and price lists to support U.S.- and EMEA-based trade customers and a masquerade-based sales-rep ordering workflow, as well as integration with Zoho ERP via SKUPlugs. SolarEdge, a global leader in solar energy technology and inverter solutions, launched a new B2C storefront, delivered by SolarEdge's in-house team with support from BigCommerce's professional services. They implemented a custom-built Stripe Embedded Checkout integration for payments and Avalara AvaTax for automated tax calculation. Toni Maticevski, an iconic Australian luxury fashion brand known for its sculptural, avant-garde designs and strong presence in both local and international markets, migrated to BigCommerce on a headless Catalyst storefront, delivered by agency Web Force 5 and delivering a premium digital experience to match their elevated brand positioning. Monster Notebook, a Turkish gaming laptop and desktop retailer, launched a new German B2C, headless storefront, delivered primarily by Monster Notebook's in-house development team with BigCommerce professional services support. Q3 and 2026 Financial Outlook: For the third quarter of 2026, we currently expect: Total revenue between $82.5 million and $85.5 million. Non-GAAP operating income between $3.3 million and $5.3 million. For the full year 2026, we currently expect: Total revenue between $336.5 million and $344.5 million. Non-GAAP operating income between $28.0 million and $34.0 million. Our third quarter and 2026 financial outlook is based on a number of assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results. We do not provide guidance for GAAP income (loss) from operations, the most directly comparable GAAP measure to Non-GAAP operating income, and similarly cannot provide a reconciliation between our forecasted Non-GAAP operating income and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. We also do not provide guidance on Cash Flows from Operating Activities. These items are not within our control and may vary greatly between periods and could significantly impact future financial results. Conference Call Information The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on Thursday, August 6, 2026. The conference call can be accessed by dialing (800) 715-9871 from the United States and Canada or (646) 307-1963 internationally and requesting to join the “Commerce conference call.” The live webcast of the conference call can be accessed from Commerce’s investor relations website at http://investors.commerce.com. Following the completion of the call through 11:59 p.m. ET on Thursday, August 13, 2026, a telephone replay will be available by dialing (855) 669-9658 from the United States, or (412) 317-0088 internationally with conference ID 9695111. A webcast replay will also be available at http://investors.commerce.com for 12 months. About Commerce Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects 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. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “strategy”, “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our Q3 and fiscal 2026 financial outlook, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others, the anticipated benefits and opportunities related to our 2025 realignment  may not be realized or may take longer to realize than expected, our ability to pay the interest and principal on our indebtedness depends upon cash flows generated by our operating performance, our business would be harmed by any decline in new customers, renewals or upgrades, our limited operating history makes it difficult to evaluate our prospects and future results of operations, we operate in competitive markets, we may not be able to sustain our revenue growth rate in the future, our business would be harmed by any significant interruptions, delays or outages in services from our platform or certain social media platforms, and a cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks could negatively affect our business. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Reports on Form 10-Q, and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to Commerce.com, Inc. at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Commerce.com, Inc. assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Use of Non-GAAP Financial Measures We have provided in this press release certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Our management uses these Non-GAAP financial measures internally in analyzing our financial results and believes that use of these Non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar Non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable financial measures prepared in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical Non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Annual Revenue Run-Rate We calculate annual revenue run-rate (“ARR”) at the end of each month as the sum of: (1) contractual monthly recurring revenue at the end of the period, which includes platform subscription fees, invoiced growth adjustments, feed management subscription fees, recurring professional services revenue, and other recurring revenue, multiplied by twelve to prospectively annualize recurring revenue, and (2) the sum of the trailing twelve-month non-recurring and variable revenue, which includes one-time partner integrations, one-time fees, payments revenue share, and any other revenue that is non-recurring and variable. Gross Merchandise Volume (GMV) Gross Merchandise Volume (“GMV”) represents the total dollar value of completed checkout transactions facilitated through the Commerce platform during the reporting period, including shipping and taxes. GMV is reported on a gross basis before deducting refunds or discounts. GMV is not a measure of revenue. Net Revenue Retention (NRR) Net Revenue Retention (“NRR”) measures our ability to retain and expand revenue from existing customers over time. NRR is calculated by dividing total billings and allocated partner revenue from a cohort of customers during the trailing twelve-month period by the total billings and allocated partner revenue from the same customer cohort in the corresponding prior-year period. NRR reflects the impact of customer expansion and contraction and excludes revenue from customers added after the prior twelve-month period. Adjusted EBITDA We define Adjusted EBITDA as our GAAP net income (loss), excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition related costs, restructuring charges, depreciation, gain on convertible note extinguishment, interest income, interest expense, other expense, and our provision for income taxes. Acquisition related costs include contingent compensation arrangements entered into in connection with acquisitions and achieved earnout related to an acquisition. Restructuring charges include severance benefits, right-of-use asset impairments, lease termination gain, contract costs, accelerated depreciation, professional services costs, and other related costs. Depreciation includes depreciation expenses related to the Company's fixed assets. The most directly comparable GAAP measure is net income (loss). Non-GAAP Operating Income We define Non-GAAP operating income as our GAAP income (loss) from operations, excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition-related costs, and restructuring charges. The most directly comparable GAAP measure is our income (loss) from operations. Non-GAAP Net Income We define Non-GAAP net income as our GAAP net income (loss), excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition-related costs, restructuring charges, and gain on convertible notes extinguishment. The most directly comparable GAAP measure is our net income (loss). Non-GAAP Basic and Diluted Net Income per Share We define Non-GAAP basic net income (loss) per share as our Non-GAAP net income, defined above, divided by our basic and diluted GAAP weighted average shares outstanding. The most directly comparable GAAP measure is our basic net income (loss) per share. Free Cash Flow We define free cash flow as net cash provided by operating activities, less purchases of capitalized internal-use software, leasehold improvements, and property and equipment, collectively referred to as capital expenditures, and cash paid for website domain name. The most directly comparable GAAP measure is net cash provided by operating activities. BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of Commerce.com Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner. (1) Amounts include stock-based compensation expense and associated payroll tax costs, as follows: Subscription annual revenue run-rate as of:

Flat revenue, declining subscription sales, margin compression and reduced FY26 guidance contrast with Rezolve Ai’s nearly 20x expected H1 growth and reaffirmed approximately $360 million revenue outlook NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Rezolve Ai PLC (NASDAQ: RZLV), a global leader in agentic commerce and AI-powered customer engagement, today commented on the second-quarter results announced by Commerce.com, Inc., which Rezolve Ai believes validate the concerns it raised when Commerce.com’s Board rejected the proposed strategic combination earlier this year. Commerce.com today reported: - Second-quarter revenue of $84.5 million, representing growth of just 0.1% year-on-year. When adjusted for inflation of 3.5%, this represents a -3.4% decline;- Subscription solutions revenue declining by 1%;- GAAP gross margin falling to 75% from 79%;- GMV grew by 14% yet revenue  grew only 0.1%, which shows declining revenue per GMV; - Free cash flow declining to $0.1 million from $11.9 million in the prior-year period;- Full-year revenue guidance reduced to $336.5 million–$344.5 million from $347.5 million–$369.5 million; and- Full-year non-GAAP operating income guidance reduced to $28 million–$34 million from $34 million–$53 million. The revised revenue outlook implies a full-year performance ranging from a decline to less than 1% growth against Commerce.com’s 2025 revenue of $342.3 million. While cost reductions enabled Commerce.com to report GAAP net income of $1.1 million and adjusted EBITDA of $9.7 million, Rezolve Ai believes these improvements do not address the more fundamental challenge confronting the business: the absence of meaningful growth as commerce rapidly shifts towards proprietary, AI-native infrastructure. At 8:42 a.m. Eastern Time, Commerce.com shares were quoted at approximately $2.24 in pre-market trading, down approximately 34% from the previous close, according to Nasdaq market data. Daniel M. Wagner, Chairman and CEO of Rezolve Ai, said: “In April, Commerce.com’s Board rejected the opportunity to engage with Rezolve Ai, arguing that our proposal undervalued the company and that its standalone transformation would deliver greater shareholder value. Today, Commerce.com has revealed the flaws in that strategy through its own results: virtually no revenue growth, declining subscription revenue, contracting gross margins, collapsing free cash flow and materially reduced guidance. “The market’s reaction is understandable. A rebrand is not a transformation, incremental features are not proprietary AI and cost reductions cannot create enduring growth. Commerce.com’s Board rejected strategic change without demonstrating a credible alternative capable of restoring growth.” Rezolve’s Growth Trajectory Moves Ahead The contrast with Rezolve Ai’s performance has continued to widen. Based on preliminary, unaudited management accounts, Rezolve Ai expects H1 2026 revenue of approximately $127 million, compared with $6.32 million in H1 2025,  representing nearly 20x year-on-year growth and more than 2.7 times Rezolve Ai’s entire audited FY2025 revenue of $46.8 million. Rezolve Ai has reaffirmed approximately $360 million of revenue guidance for FY2026, representing approximately 7.5 times its FY2025 revenue. That guidance now exceeds the top of Commerce.com’s reduced full-year revenue range. Rezolve Ai also continues to target an exit 2026 annual recurring revenue run rate of at least $500 million, supported by more than 1,000 enterprise customers, expanding production deployments and partner-led distribution through global technology and consulting relationships. Mr. Wagner continued: “Rezolve Ai and Commerce.com are now moving at fundamentally different velocities. One business is attempting to attach AI capabilities to a legacy commerce platform while managing contraction. Rezolve Ai has been built from the ground up for agentic commerce and is scaling proprietary AI, enterprise services and global distribution together. “Commerce.com still possesses valuable assets, including its merchant ecosystem, enterprise relationships and product-data infrastructure. We continue to believe those assets could generate substantially greater value when combined with Rezolve Ai’s Brain Suite, proprietary AI and transaction capabilities. “The strategic logic for a combination is even stronger today than when we first approached Commerce.com. But time and execution have consequences. Commerce.com and its shareholders are in a weaker position today and any future discussion would necessarily need to reflect current operating performance, market conditions and the additional risks created by the Board’s delay. Rezolve Ai will remain disciplined and will not ask its shareholders to pay for that delay.” Rezolve Ai is not announcing a new or amended proposal through this release. The Company remains focused on executing its standalone growth strategy and will report its H1 2026 results and host an investor call on September 1, 2026. About Rezolve Ai Rezolve Ai is a global leader in AI-powered commerce technology. Its Brain Suite platform helps retailers, brands and financial institutions deliver intelligent search, conversational engagement, personalized recommendations and AI-powered transactions through secure, commerce-tuned and auditable artificial intelligence. For more information, visit rezolve.com. Media Contact Urmee KhanGlobal Head of [email protected]+44 7576 094 040 Investor Contact [email protected] Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The actual results of Rezolve AI plc ("Rezolve") may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", "design" and similar expressions as they relate to us, our performance and/or our technology, including statements regarding the proposed transaction, benefits and synergies of the proposed transaction and future opportunities for the combined company, are intended to identify such forward-looking statements. These statements reflect management's current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. Such factors include but are not limited to the ultimate outcome of any possible transaction between Rezolve and Commerce.com Inc. ("Commerce"), including the possibility that the terms of any definitive agreement will be materially different from those described herein; uncertainties as to whether Commerce will cooperate with Rezolve regarding the proposed transaction; Rezolve's ability to consummate the proposed transaction with Commerce; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; the possibility that Rezolve may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate Commerce's operations with those of Rezolve; that such integration may be more difficult, time-consuming or costly than expected; and that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction. You should also carefully consider the risks and uncertainties described in the "Risk Factors" section of Rezolve's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the SEC on March 30, 2026 (the "Rezolve 20-F"), and its subsequent filings made with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside Rezolve's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) competition, the ability of Rezolve to grow and manage growth profitably, and retain its management and key employees; (2) changes in applicable laws or regulations; and (3) weakness in the economy, market trends, uncertainty and other conditions in the markets in which Rezolve operates, and other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Except as required by applicable law, Rezolve does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise. Additional Information Regarding the Proposed Transaction This press release does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. This press release relates to a proposal that Rezolve has made for a business combination transaction with Commerce. In furtherance of this proposal and subject to future developments, Rezolve (and, if applicable, Commerce) may file one or more registration statements, proxy statements, tender offer statements or other documents with the Securities and Exchange Commission (the "SEC"). Investors and security holders of Rezolve and Commerce are urged to read the proxy statement(s), registration statement, tender offer statement, prospectus and/or other documents filed with the SEC carefully in their entirety if and when they become available as they will contain important information about the proposed transaction. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to shareholders of Rezolve and/or Commerce, as applicable. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Rezolve through the web site maintained by the SEC at www.sec.gov, and by visiting Rezolve's investor relations site at investor.rezolve.com. This press release is neither a solicitation of a proxy nor a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Rezolve and/or Commerce may file with the SEC in connection with the proposed transaction. Nonetheless, Rezolve and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. You can find information about Rezolve's executive officers and directors in the Rezolve 20-F. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements or other documents filed with the SEC if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC's website www.sec.gov, and by visiting Rezolve's investor relations site at investor.rezolve.com.