Revenue: As of FY2025 Q2, the actual value is USD 84.43 M, beating the estimate of USD 83.33 M.

Segment Revenue

• Total revenue for the second quarter of 2025 was $84.4 million, representing a 3% increase compared to the second quarter of 2024.
• Subscription solutions revenue was $63.7 million, up 3% compared to the second quarter of 2024.
• ARR from Enterprise Accounts was $269.3 million as of June 30, 2025, up 6% from June 30, 2024.

Operational Metrics

• GAAP gross margin was 79%, compared to 76% in the second quarter of 2024.
• Non-GAAP gross margin was 80%, compared to 77% in the second quarter of 2024.
• GAAP loss from operations was - $6.8 million, compared to - $13.5 million in the second quarter of 2024.
• Non-GAAP operating income was $4.8 million, compared to $1.9 million in the second quarter of 2024.
• GAAP net loss was - $8.4 million, compared to - $11.3 million in the second quarter of 2024.
• Non-GAAP net income was $3.2 million or 4% of revenue, compared to $4.1 million or 5% of revenue in the second quarter of 2024.

Cash Flow

• Net cash provided by operating activities was $13.6 million for the three months ended June 30, 2025, compared to $11.7 million for the same period in 2024.
• Free cash flow was $11.9 million for the three months ended June 30, 2025.

Unique Metrics

• Average revenue per account (ARPA) of enterprise accounts was $46,403, up 9% compared to the second quarter of 2024.

Outlook / Guidance

• For the third quarter of 2025, Commerce expects total revenue between $85 million to $87 million and non-GAAP operating income between $2.3 million to $3.3 million.
• For the full year 2025, total revenue is expected to be between $339.6 million and $346.6 million, with non-GAAP operating income between $19 million and $25 million.
• The financial outlook is based on assumptions subject to change, and actual results may vary.