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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and SunCar Technology Group Inc. (SDA). Click either name above to swap in a different company.
SunCar Technology Group Inc. is the larger business by last-quarter revenue ($119.7M vs $89.5M, roughly 1.3× Commerce.com, Inc.). SunCar Technology Group Inc. runs the higher net margin — -1.6% vs -9.3%, a 7.8% gap on every dollar of revenue. SunCar Technology Group Inc. produced more free cash flow last quarter ($3.0K vs $-2.2M).
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.
CMRC vs SDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $119.7M |
| Net Profit | $-8.4M | $-1.9M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 1.5% |
| Net Margin | -9.3% | -1.6% |
| Revenue YoY | 2.9% | — |
| Net Profit YoY | -250.0% | — |
| EPS (diluted) | $-0.11 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $89.5M | — | ||
| Q3 25 | $86.0M | — | ||
| Q2 25 | $84.4M | $119.7M | ||
| Q1 25 | $82.4M | $102.6M | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $83.7M | $109.6M | ||
| Q2 24 | $81.8M | — | ||
| Q1 24 | $80.4M | — |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-2.2M | — | ||
| Q2 25 | $-8.4M | $-1.9M | ||
| Q1 25 | $-353.0K | $-3.6M | ||
| Q4 24 | $-2.4M | — | ||
| Q3 24 | $-7.0M | $-2.2M | ||
| Q2 24 | $-11.3M | — | ||
| Q1 24 | $-6.4M | — |
| Q4 25 | 78.3% | — | ||
| Q3 25 | 78.4% | — | ||
| Q2 25 | 79.0% | — | ||
| Q1 25 | 79.4% | — | ||
| Q4 24 | 77.6% | — | ||
| Q3 24 | 76.3% | — | ||
| Q2 24 | 75.8% | — | ||
| Q1 24 | 77.1% | — |
| Q4 25 | -7.4% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | -8.0% | 1.5% | ||
| Q1 25 | -2.9% | -2.9% | ||
| Q4 24 | -0.9% | — | ||
| Q3 24 | -23.0% | 0.2% | ||
| Q2 24 | -16.5% | — | ||
| Q1 24 | -10.2% | — |
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.6% | — | ||
| Q2 25 | -9.9% | -1.6% | ||
| Q1 25 | -0.4% | -3.6% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -8.4% | -2.0% | ||
| Q2 24 | -13.8% | — | ||
| Q1 24 | -8.0% | — |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.10 | — | ||
| Q1 25 | $0.00 | $-0.03 | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.09 | $-0.01 | ||
| Q2 24 | $-0.15 | — | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $45.7M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $29.4M |
| Total Assets | $308.8M | $277.5M |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | — | ||
| Q3 25 | $142.0M | — | ||
| Q2 25 | $134.5M | $45.7M | ||
| Q1 25 | $120.7M | $60.5M | ||
| Q4 24 | $178.2M | — | ||
| Q3 24 | $168.4M | $42.0M | ||
| Q2 24 | $275.8M | — | ||
| Q1 24 | $265.2M | — |
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
| Q4 25 | $39.4M | — | ||
| Q3 25 | $42.8M | — | ||
| Q2 25 | $38.8M | $29.4M | ||
| Q1 25 | $38.1M | $34.8M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $29.0M | $17.7M | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $26.9M | — |
| Q4 25 | $308.8M | — | ||
| Q3 25 | $309.5M | — | ||
| Q2 25 | $302.5M | $277.5M | ||
| Q1 25 | $286.3M | $276.7M | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $335.1M | $252.1M | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $442.5M | — |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $980.0K | $9.0K |
| Free Cash FlowOCF − Capex | $-2.2M | $3.0K |
| FCF MarginFCF / Revenue | -2.4% | 0.0% |
| Capex IntensityCapex / Revenue | 3.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | — | ||
| Q3 25 | $10.6M | — | ||
| Q2 25 | $13.6M | $9.0K | ||
| Q1 25 | $401.0K | $-9.3M | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $5.6M | $3.8M | ||
| Q2 24 | $11.7M | — | ||
| Q1 24 | $-3.4M | — |
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $11.9M | $3.0K | ||
| Q1 25 | $-424.0K | $-9.3M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $4.5M | $3.5M | ||
| Q2 24 | $10.7M | — | ||
| Q1 24 | $-4.2M | — |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 14.1% | 0.0% | ||
| Q1 25 | -0.5% | -9.0% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 5.4% | 3.2% | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.0% | 0.0% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
SDA
Segment breakdown not available.
