NASDAQ$CMRC
Commerce.com Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
BigCommerce experienced growth in revenue and ARR, driven by enterprise accounts and strategic acquisitions.
BigCommerce announced its Q1 2022 financial results, reporting a 42% increase in total revenue to $66.1 million and a 43% increase in total ARR to $280.4 million compared to the previous year. The company's growth was fueled by a strong performance in enterprise accounts and strategic acquisitions aimed at strengthening its B2B capabilities.
- Total revenue increased by 42% year-over-year to $66.1 million.
- Total ARR grew by 43% year-over-year to $280.4 million.
- Enterprise ARR increased by 68% year-over-year.
- Launched Multi-Storefront feature to manage multiple storefronts.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$66.1M
Revenue by segment
BigCommerce · $66.1M total across 2 segments · Q1 2022
- Subscription solutions$48M+49.9%72.7%
- Partner and services$18.1M+23.2%27.3%
Forward guidance
BigCommerce provided financial outlook for Q2 2022 and full year 2022, expecting revenue growth and non-GAAP operating loss.
Tailwinds
- Total revenue for Q2 2022 is expected to be between $64.6 million and $67.5 million, implying a year-over-year growth rate of 32% to 38%.
- Total revenue for the full year 2022 is expected to be between $277.8 million and $286.6 million, translating into a year-over-year growth rate of 26% and 30%.
- Strategic partnership with Bolt to offer one-click checkout.
- Direct integration with Digital River for global commerce solutions.
- Expansion of reseller partnerships for commerce-as-a-service.
Headwinds
- Non-GAAP operating loss for Q2 2022 is expected to be between $16 million and $18 million.
- Non-GAAP operating loss for the full year 2022 is expected to be between $47.9 million and $53.9 million.
- GAAP gross margin decreased to 74% from 80% in the first quarter of 2021.
- Non-GAAP gross margin decreased to 75% from 81% in the first quarter of 2021.
- Net cash used in operating activities increased to ($22.0) million compared to ($12.8) million for the same period in 2021.
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 2022
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro