NASDAQ$CMRC
Commerce.com Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
BigCommerce reported strong Q2 2020 results driven by revenue and ARR growth and enterprise account momentum.
BigCommerce's Q2 revenue came in at $36.3 million, up 33% year-over-year. Total annual revenue run rate (ARR) was $151.8 million, up 32% year-over-year. Enterprise account ARR was up 44% year-over-year. The company delivered these results while continuing to drive operating leverage across the business.
- Q2 revenue was $36.3 million, up 33% year-over-year.
- Total ARR was $151.8 million, up 32% year-over-year.
- Enterprise account ARR was up 44% year-over-year.
- Adjusted EBITDA margin improved 19 percentage points year-over-year.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$36.3M
Revenue by segment
BigCommerce · $36.3M total across 2 segments · Q2 2020
- Subscription solutions$23.9M+0.0%65.8%
- Partner and services$12.4M—34.2%
Forward guidance
For Q3 2020, BigCommerce expects total revenue in the range of $35.9 million to $36.3 million, representing year-over-year growth of 27% to 28%. They expect non-GAAP operating loss in the range of negative $10.4 million to negative $10.1 million. For full fiscal year 2020, they expect total revenue in the range of $142.5 to $143.3 million, representing year-over-year growth of 27% to 28%. They expect non-GAAP operating loss in the range of negative $33.5 million to negative $32.9 million.
Tailwinds
- Continued growth across all plans and geographies.
- Strong bookings momentum in Q2.
- Continued growth in bookings for both essentials and enterprise.
- Focus on disrupting segments of the market where enterprise plans fit nicely.
- Continued momentum in subscription and bookings.
Headwinds
- Continued uncertainty surrounding the COVID-19 pandemic.
- Lower PSR revenue growth rate as compared to Q2 as transaction activity may moderate in the back half of 2020.
- Moderation of PSR revenue growth in the second half.
- Non-GAAP operating loss expected for Q3 and full year 2020.
- Challenge in predicting the continued impact of transactions seen since March.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports
-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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