Commerce.com, Inc. - Series 1 Financial Ratios — BI1 Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-43.19	-152.12	-181.65	-91.78	-53.19
Return on Assets (%)	- -	-73.96	-22.58	-18.43	-27.18	-14.09	-6.89	-5.96
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	76.12	75.89	77.6	77.95	74.92	76.02	76.69	78.75
EBITDA Margin (%)	-39.34	-34.27	-23.37	-31.74	-46.28	-19.38	-8.37	-0.75
Operating Margin (%)	-41.34	-36.56	-25.4	-23.94	-35.12	-18.02	-8.01	-1.38
Incremental Operating Margin (%)	- -	- -	5.69	- -	- -	139.39	123.59	232.89
Pretax Margin (%)	-42.31	-37.97	-24.63	-34.89	-49.96	-20.9	-7.81	-5.31
Profit Margin (%)	-42.32	-37.99	-24.65	-34.88	-50.14	-20.9	-8.12	-5.65
Net Income to Common Margin (%)	-47.45	-44.51	-25.28	-34.88	-50.14	-20.9	-8.12	-5.65
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	10.81	14.65	-30.77	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-43.19	-152.12	-181.65	-91.78	-53.19

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	24	59	16	348	350	350	221	166
ST Debt	1	5	3	3	3	3	2	6
LT Debt	23	54	13	346	348	347	218	160
Total Debt/EBITDA	-0.67	-1.54	-0.44	-4.99	-2.71	-5.83	-7.91	-64.78
Net Debt/EBITDA	-0.32	-0.86	6.16	-0.54	-1.9	-4.48	-4.58	-44.15
Total Debt/EBIT	-0.64	-1.45	-0.41	-4.59	-2.49	-4.83	-5.29	-10.21
Net Debt/EBIT	-0.3	-0.81	5.67	-0.5	-1.75	-3.71	-3.06	-6.96
EBITDA to Interest Expense	-24.27	-23.83	-11.48	-274.77	-148.79	-67.07	-5.46	-0.23
EBITDA-CapEx/Interest Expense	-26.5	-27.29	-12.11	-287.78	-154.77	-71.75	-6.19	-1.24
EBIT to Interest Expense	-25.51	-25.43	-12.47	-207.26	-112.93	-62.37	-5.22	-0.43
Interest Expense	1	2	3	- -	1	1	5	11
Common Equity/Total Assets	-724.02	-858.05	78.36	24.9	9.63	5.75	9.81	12.74
Long-Term Debt/Equity (%)	- -	- -	5.85	250.02	760.87	1,359.9	653.74	406.32
Long-Term Debt/Capital (%)	-12.51	-27.38	5.45	71.04	87.8	92.52	85.9	78.05
Long-Term Debt/Total Assets (%)	39.62	96.69	4.58	62.25	73.3	78.19	64.11	51.78
Total Debt/Equity (%)	-11.52	-23.04	7.31	251.94	766.58	1,369.86	661.04	420.58
Total Debt/Capital (%)	-13.02	-29.94	6.81	71.59	88.46	93.2	86.86	80.79
Total Debt/Total Assets (%)	41.22	105.75	5.73	62.72	73.85	78.77	64.82	53.6
Net Debt to Equity	-5.47	-12.85	-101.24	27.46	538.46	1,051.35	382.36	286.61
Net Debt/Capital (%)	-5.79	-16.07	-1,667.91	20.08	80.84	88.43	77.29	70.23
EBITDA	-36	-38	-36	-70	-129	-60	-28	-3
EBITDA-CapEx	-39	-44	-38	-73	-134	-64	-32	-14
Operating Income (Loss)	-38	-41	-39	-53	-98	-56	-27	-5

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.31	0.23	4.78	6.37	3.85	3.82	2.02	1.3
Current Ratio	1.92	0.93	5.54	7.24	4.75	4.83	2.85	1.98
Quick Ratio	1.68	0.69	5.28	7	4.3	4.35	2.57	1.77
CFO/Avg Current Liab	- -	-1.3	-0.66	-0.74	-1.26	-0.32	0.33	0.26
Common Equity/Total Assets	-724.02	-858.05	78.36	24.9	9.63	5.75	9.81	12.74
Long-Term Debt/Equity (%)	- -	- -	5.85	250.02	760.87	1,359.9	653.74	406.32
Long-Term Debt/Capital (%)	-12.51	-27.38	5.45	71.04	87.8	92.52	85.9	78.05
Long-Term Debt/Total Assets (%)	39.62	96.69	4.58	62.25	73.3	78.19	64.11	51.78
Total Debt/Equity (%)	-11.52	-23.04	7.31	251.94	766.58	1,369.86	661.04	420.58
Total Debt/Capital (%)	-13.02	-29.94	6.81	71.59	88.46	93.2	86.86	80.79
Total Debt/Total Assets (%)	41.22	105.75	5.73	62.72	73.85	78.77	64.82	53.6
CFO/Total Liabilities	-11.31	-12.75	-44.31	-9.66	-20.86	-5.79	8.55	9.46
CFO/CapEx	-9.2	-7.16	-13.51	-12.2	-17.2	-5.8	7.06	2.31
Altman's Z-Score	- -	- -	44.83	3.58	-0.19	0.07	-0.66	-1.06

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	8.69	7.93	7.01	7.45	8.5	7.76	6.98
Days Sales Outstanding	- -	41.98	46.04	52.05	48.97	42.93	47.05	52.29
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	4,533	2,531	642	777	474	336
- Cash & Cash Equivalents	13	8	219	298	92	72	89	44
+ Preferred Equity and Hybrid Capital	216	224	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	24	59	16	348	350	350	221	166
Enterprise Value	- -	- -	4,329	2,480	689	857	517	360
Total Capital	-187	-198	233	487	396	375	254	205
Total Debt/Capital (%)	-13.02	-29.94	6.81	71.59	88.46	93.2	86.86	80.79
Total Debt / EV	- -	- -	- -	0.14	0.51	0.41	0.43	0.46
EV/Sales	- -	- -	28.41	11.28	2.47	2.77	1.55	1.05
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	2,549	2,483	636	764	469	330
Diluted Enterprise Value	- -	- -	2,345	2,432	682	844	511	355
EV per Share	- -	- -	62.28	34.29	9.31	11.21	6.58	4.41
TTM Sales	92	112	152	220	279	309	333	342
TTM EBITDA	-36	-38	-36	-70	-129	-60	-28	-3
TTM Operating Income	-38	-41	-39	-53	-98	-56	-27	-5
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-89.46	-56.95	-6.73	-26.88	20.79	22.85
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	4,329	2,480	689	857	517	360
Low Price	- -	- -	64.2	35.01	7.81	6.87	5.09	4.07
EV/Sales	- -	- -	28.41	11.28	2.47	2.77	1.55	1.05
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	20.91	18.3	14.06	30.43	14.22	8.53
Price/Book Value Average	- -	- -	26.8	30.1	29.02	28.9	16.58	10.9
Price/Book Value High	- -	- -	48	49.48	61.41	40.61	22.96	15.36
Price/Book Value Low	- -	- -	20.59	18.3	12.64	20.55	12	8.43
Price/Tangible Book Value	- -	- -	20.91	41.62	-20.28	-14.5	-13.22	-14.07
Price/Tangible Book Value Average	- -	- -	26.8	68.44	-41.87	-13.77	-15.42	-17.97
Price/Tangible Book Value High	- -	- -	48	112.51	-88.59	-19.34	-21.36	-25.34
Price/Tangible Book Value Low	- -	- -	20.59	41.62	-18.23	-9.79	-11.16	-13.91
Price/Sales	- -	- -	16.73	11.29	2.28	2.47	1.41	0.96
Price/Sales Average	- -	- -	21.44	18.57	4.7	2.35	1.64	1.23
Price/Sales High	- -	- -	38.4	30.53	9.95	3.3	2.27	1.74
Price/Sales Low	- -	- -	16.47	11.29	2.05	1.67	1.19	0.95
Price/Cash Flow	- -	- -	-96.09	-61.62	-7.12	-31.52	17.85	12.95
Price/Cash Flow Average	- -	- -	-123.14	-101.32	-14.69	-29.94	20.81	16.54
Price/Cash Flow High	- -	- -	-220.56	-166.57	-31.08	-42.06	28.83	23.32
Price/Cash Flow Low	- -	- -	-94.6	-61.62	-6.4	-21.28	15.06	12.81
Price/Free Cash Flow Average	- -	- -	-114.65	-93.65	-13.88	-25.53	24.25	29.19
Price/Free Cash Flow High	- -	- -	-205.36	-153.95	-29.38	-35.88	33.59	41.15
Price/Free Cash Flow Low	- -	- -	-88.08	-56.95	-6.05	-18.15	17.54	22.59
EV/Sales Average	- -	- -	36.79	18.7	4.92	2.64	1.79	1.32
EV/Sales High	- -	- -	66.95	30.89	10.22	3.61	2.43	1.84
EV/Sales Low	- -	- -	27.95	11.28	2.24	1.95	1.33	1.04
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	65.21	35.01	8.68	10.17	6.04	4.11
High Price	- -	- -	149.68	94.63	37.93	13.57	9.75	7.4
Enterprise Value Average	- -	- -	5,605	4,111	1,372	818	596	453
Enterprise Value High	- -	- -	10,201	6,792	2,851	1,116	809	629
Enterprise Value Low	- -	- -	4,259	2,480	624	604	443	356

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	66	66	70	72	74	76	79	82
Diluted Weighted Avg Shares	57	57	39	71	73	75	78	80
Basic Weighted Avg Shares	57	57	39	71	73	75	78	80
Revenue per Share	1.61	1.97	3.9	3.1	3.81	4.12	4.29	4.26
EBITDA per Share	-0.64	-0.68	-0.91	-0.98	-1.76	-0.8	-0.36	-0.03
Operating Income per Share	-0.67	-0.72	-0.99	-0.74	-1.34	-0.74	-0.34	-0.06
Basic EPS, GAAP	-0.77	-0.88	-0.99	-1.08	-1.91	-0.86	-0.35	-0.24
Basic EPS from Cont Ops	-0.68	-0.75	-0.96	-1.08	-1.91	-0.86	-0.35	-0.24
Diluted EPS, GAAP	-0.77	-0.88	-0.99	-1.08	-1.91	-0.86	-0.35	-0.24
Diluted EPS from Cont Ops	-0.68	-0.75	-0.96	-1.08	-1.91	-0.86	-0.35	-0.24
Dividend per Share	- -	- -	0.33	- -	- -	- -	- -	- -
Cash Flow per Share	-0.54	-0.7	-0.68	-0.57	-1.22	-0.32	0.34	0.32
Free Cash Flow per Basic Share	-0.6	-0.8	-0.73	-0.61	-1.29	-0.38	0.29	0.18
Cash & Equivalents per Share	0.55	0.12	3.16	5.53	4.1	3.54	2.27	1.73
Book Value per Share	-6.5	-7.31	3.12	1.91	0.62	0.33	0.42	0.48
Tangible Book Value per Share	-6.5	-7.31	3.12	0.84	-0.43	-0.7	-0.46	-0.29