Commerce, the e-commerce software company trading on Nasdaq under CMRC, announced a strategic operating plan to cut costs and improve profitability and authorized a $50 million share repurchase program, sending its shares up 19.4% in the afternoon session. The company said it aims to reach full-year non-GAAP operating margins of at least 20% starting in 2027, with the initiative expected to generate $60 million to $80 million in annualized cost savings, equal to $0.73 to $0.97 per diluted share based on its June 30, 2026 share count, of which approximately $3 million will be realized in 2026. The savings will come primarily from reductions in staffing, professional services, facilities, software, and infrastructure. Alongside the plan, Commerce reaffirmed its full-year 2026 revenue outlook of $336.5 million to $344.5 million and raised its non-GAAP operating income guidance by $3 million to a range of $31.0 million to $37.0 million. The newly authorized $50 million stock repurchase program will remain effective through September 10, 2028.
Commerce.com, Inc.Commerce authorized a $50M buyback and raised non-GAAP operating income guidance while targeting 20%+ margins by 2027.
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