Commerce.com's Q2 Results Validate Rezolve Ai's Strategic Case as Standalone Outlook Deteriorates

Commerce.com’s Q2 Results Validate Rezolve Ai’s Strategic Case as Standalone Outlook Deteriorates

Flat revenue, declining subscription sales, margin compression and reduced FY26 guidance contrast with Rezolve Ai’s nearly 20x expected H1 growth and reaffirmed approximately $360 million revenue outlook

August 06, 2026 10:49 ET | Source: Rezolve AI PLC

Rezolve AI PLC

NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Rezolve Ai PLC (NASDAQ: RZLV), a global leader in agentic commerce and AI-powered customer engagement, today commented on the second-quarter results announced by Commerce.com, Inc., which Rezolve Ai believes validate the concerns it raised when Commerce.com’s Board rejected the proposed strategic combination earlier this year.

Commerce.com today reported:

• Second-quarter revenue of $84.5 million, representing growth of just 0.1% year-on-year. When adjusted for inflation of 3.5%, this represents a -3.4% decline;

• Subscription solutions revenue declining by 1%;

• GAAP gross margin falling to 75% from 79%;

• GMV grew by 14% yet revenue grew only 0.1%, which shows declining revenue per GMV;

• Free cash flow declining to $0.1 million from $11.9 million in the prior-year period;

• Full-year revenue guidance reduced to $336.5 million–$344.5 million from $347.5 million–$369.5 million; and

• Full-year non-GAAP operating income guidance reduced to $28 million–$34 million from $34 million–$53 million.

The revised revenue outlook implies a full-year performance ranging from a decline to less than 1% growth against Commerce.com’s 2025 revenue of $342.3 million. While cost reductions enabled Commerce.com to report GAAP net income of $1.1 million and adjusted EBITDA of $9.7 million, Rezolve Ai believes these improvements do not address the more fundamental challenge confronting the business: the absence of meaningful growth as commerce rapidly shifts towards proprietary, AI-native infrastructure.

At 8:42 a.m. Eastern Time, Commerce.com shares were quoted at approximately $2.24 in pre-market trading, down approximately 34% from the previous close, according to Nasdaq market data.

Daniel M. Wagner, Chairman and CEO of Rezolve Ai, said: “In April, Commerce.com’s Board rejected the opportunity to engage with Rezolve Ai, arguing that our proposal undervalued the company and that its standalone transformation would deliver greater shareholder value. Today, Commerce.com has revealed the flaws in that strategy through its own results: virtually no revenue growth, declining subscription revenue, contracting gross margins, collapsing free cash flow and materially reduced guidance.

Rezolve’s Growth Trajectory Moves Ahead

The contrast with Rezolve Ai’s performance has continued to widen. Based on preliminary, unaudited management accounts, Rezolve Ai expects H1 2026 revenue of approximately $127 million, compared with $6.32 million in H1 2025, representing nearly 20x year-on-year growth and more than 2.7 times Rezolve Ai’s entire audited FY2025 revenue of $46.8 million.

Rezolve Ai has reaffirmed approximately $360 million of revenue guidance for FY2026, representing approximately 7.5 times its FY2025 revenue. That guidance now exceeds the top of Commerce.com’s reduced full-year revenue range.

Rezolve Ai also continues to target an exit 2026 annual recurring revenue run rate of at least $500 million, supported by more than 1,000 enterprise customers, expanding production deployments and partner-led distribution through global technology and consulting relationships.

Mr. Wagner continued: “Rezolve Ai and Commerce.com are now moving at fundamentally different velocities. One ...