NASDAQ$CMRC
Commerce.com Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
BigCommerce's financial performance accelerated, with revenue and ARR growth highlighting the company's strategic differentiation and merchant growth.
BigCommerce reported a strong first quarter with total revenue of $46.7 million, a 41% increase year-over-year, and total ARR of $196.3 million, a 43% increase year-over-year. The company also saw growth in Enterprise accounts and accounts with ACV greater than $2,000.
- Total revenue increased by 41% compared to the first quarter of 2020, reaching $46.7 million.
- Total ARR reached $196.3 million, up 43% compared to the previous year.
- ARR from Enterprise accounts increased by 58% year-over-year, reaching $112.4 million.
- The company launched Buy Online, Pick Up In-Store (BOPIS) capabilities, Promotions Manager, a Payment Provider SDK, and native integration with Square Point of Sale (POS).
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$46.7M
Revenue by segment
BigCommerce · $46.7M total across 2 segments · Q1 2021
- Subscription solutions$32M+35.9%68.6%
- Partner and services$14.7M+52.3%31.4%
Forward guidance
For Q2 2021, BigCommerce expects total revenue between $46.4 million and $46.9 million, and a non-GAAP operating loss between ($8.1) million and ($8.6) million. For the full year 2021, the company expects total revenue between $196.7 million and $198.2 million, and a non-GAAP operating loss between ($31.0) million and ($32.5) million.
Tailwinds
- Expected total revenue between $46.4 million and $46.9 million for Q2 2021.
- Expected total revenue between $196.7 million and $198.2 million for the full year 2021.
- Continued investment and innovation in building the Open SaaS ecommerce platform.
- Addition of key strategic partnerships to expand its technology ecosystem.
- Launch of Control Panel and Self-Service tools in new languages to support international expansion.
Headwinds
- Expected non-GAAP operating loss between ($8.1) million and ($8.6) million for Q2 2021.
- Expected non-GAAP operating loss between ($31.0) million and ($32.5) million for the full year 2021.
- Financial outlook is based on assumptions that are subject to change and outside the company’s control.
- There can be no assurance that the company will achieve these results.
- The company does not provide guidance for operating loss, the most directly comparable GAAP measure to non-GAAP operating loss.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-2.4%
Avg return
Earnings day
-2.7%
Avg return
5 days after
-2.9%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+30.4%
Q3 2021
Best reaction
-32.1%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +23.3% | -1.0% | -2.1% | |
| Q4 2025 | -10.2% | +6.2% | +0.0% | |
| Q3 2025 | +0.6% | +11.1% | -0.6% | |
| Q1 2025 | +0.6% | +2.5% | +1.2% | |
| Q4 2024 | -6.7% | +2.7% | -10.5% | |
| Q3 2024 | +9.5% | +13.5% | +36.2% | |
| Q2 2024 | -23.8% | -27.4% | -27.7% | |
| Q1 2024 | +13.5% | +17.5% | +19.6% | |
| Q4 2023 | -4.8% | -4.7% | -11.8% | |
| Q3 2023 | -16.3% | -15.3% | -9.4% | |
| Q2 2023 | +20.4% | +9.0% | +8.2% | |
| Q1 2023 | +3.4% | +0.0% | +32.5% | |
| Q4 2022 | -18.9% | -15.6% | -24.4% | |
| Q3 2022 | -32.1% | -39.5% | -29.5% | |
| Q2 2022 | +3.3% | +4.4% | -15.7% | |
| Q1 2022 | +12.7% | +4.8% | +2.2% | |
| Q4 2021 | -13.7% | -17.3% | -12.3% | |
| Q3 2021 | +30.4% | +39.1% | -9.8% | |
| Q2 2021 | -8.7% | -9.9% | -14.3% | |
| Q1 2021 | -10.5% | -2.5% | +24.9% | |
| Q4 2020 | -10.5% | -16.5% | -23.7% | |
| Q3 2020 | -3.8% | -9.7% | -2.8% | |
| Q2 2020 | -12.8% | -14.3% | +2.5% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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