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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $89.5M, roughly 1.5× Commerce.com, Inc.). Urban Edge Properties runs the higher net margin — 17.1% vs -9.3%, a 26.4% gap on every dollar of revenue. On growth, Urban Edge Properties posted the faster year-over-year revenue change (12.2% vs 2.9%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% CAGR vs 5.5%).
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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
CMRC vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $132.6M |
| Net Profit | $-8.4M | $22.6M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | — |
| Net Margin | -9.3% | 17.1% |
| Revenue YoY | 2.9% | 12.2% |
| Net Profit YoY | -250.0% | -6.7% |
| EPS (diluted) | $-0.11 | $0.18 |
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.
| Q1 26 | — | $132.6M | ||
| Q4 25 | $89.5M | $119.6M | ||
| Q3 25 | $86.0M | $120.1M | ||
| Q2 25 | $84.4M | $114.1M | ||
| Q1 25 | $82.4M | $118.2M | ||
| Q4 24 | $87.0M | $116.4M | ||
| Q3 24 | $83.7M | $112.4M | ||
| Q2 24 | $81.8M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-8.4M | $12.4M | ||
| Q3 25 | $-2.2M | $14.9M | ||
| Q2 25 | $-8.4M | $58.0M | ||
| Q1 25 | $-353.0K | $8.2M | ||
| Q4 24 | $-2.4M | $30.1M | ||
| Q3 24 | $-7.0M | $9.1M | ||
| Q2 24 | $-11.3M | $30.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -7.4% | 11.3% | ||
| Q3 25 | -0.5% | 13.4% | ||
| Q2 25 | -8.0% | 53.9% | ||
| Q1 25 | -2.9% | 7.6% | ||
| Q4 24 | -0.9% | 27.6% | ||
| Q3 24 | -23.0% | 8.9% | ||
| Q2 24 | -16.5% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -9.3% | 10.4% | ||
| Q3 25 | -2.6% | 12.4% | ||
| Q2 25 | -9.9% | 50.8% | ||
| Q1 25 | -0.4% | 6.9% | ||
| Q4 24 | -2.7% | 25.9% | ||
| Q3 24 | -8.4% | 8.1% | ||
| Q2 24 | -13.8% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.11 | $0.09 | ||
| Q3 25 | $-0.03 | $0.12 | ||
| Q2 25 | $-0.10 | $0.46 | ||
| Q1 25 | $0.00 | $0.07 | ||
| Q4 24 | $-0.03 | $0.25 | ||
| Q3 24 | $-0.09 | $0.07 | ||
| Q2 24 | $-0.15 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $1.4B |
| Total Assets | $308.8M | $3.4B |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $141.1M | $48.9M | ||
| Q3 25 | $142.0M | $77.8M | ||
| Q2 25 | $134.5M | $53.0M | ||
| Q1 25 | $120.7M | $48.0M | ||
| Q4 24 | $178.2M | $41.4M | ||
| Q3 24 | $168.4M | $67.9M | ||
| Q2 24 | $275.8M | $78.6M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.4B | ||
| Q4 25 | $39.4M | $1.4B | ||
| Q3 25 | $42.8M | $1.4B | ||
| Q2 25 | $38.8M | $1.4B | ||
| Q1 25 | $38.1M | $1.4B | ||
| Q4 24 | $33.4M | $1.4B | ||
| Q3 24 | $29.0M | $1.3B | ||
| Q2 24 | $26.1M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $308.8M | $3.3B | ||
| Q3 25 | $309.5M | $3.3B | ||
| Q2 25 | $302.5M | $3.3B | ||
| Q1 25 | $286.3M | $3.3B | ||
| Q4 24 | $340.3M | $3.3B | ||
| Q3 24 | $335.1M | $3.2B | ||
| Q2 24 | $452.5M | $3.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $39.1M |
| Free Cash FlowOCF − Capex | $-2.2M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $980.0K | $182.7M | ||
| Q3 25 | $10.6M | $55.7M | ||
| Q2 25 | $13.6M | $43.5M | ||
| Q1 25 | $401.0K | $32.6M | ||
| Q4 24 | $12.4M | $153.2M | ||
| Q3 24 | $5.6M | $36.6M | ||
| Q2 24 | $11.7M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.2M | $81.8M | ||
| Q3 25 | $7.6M | $26.1M | ||
| Q2 25 | $11.9M | $19.6M | ||
| Q1 25 | $-424.0K | $11.9M | ||
| Q4 24 | $11.6M | $42.5M | ||
| Q3 24 | $4.5M | $12.2M | ||
| Q2 24 | $10.7M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | 68.4% | ||
| Q3 25 | 8.8% | 21.7% | ||
| Q2 25 | 14.1% | 17.2% | ||
| Q1 25 | -0.5% | 10.0% | ||
| Q4 24 | 13.3% | 36.6% | ||
| Q3 24 | 5.4% | 10.8% | ||
| Q2 24 | 13.0% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 3.5% | 84.4% | ||
| Q3 25 | 3.4% | 24.6% | ||
| Q2 25 | 2.0% | 20.9% | ||
| Q1 25 | 1.0% | 17.5% | ||
| Q4 24 | 0.9% | 95.1% | ||
| Q3 24 | 1.3% | 21.7% | ||
| Q2 24 | 1.3% | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | — | 4.03× | ||
| Q2 24 | — | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
