NASDAQ$CMRC
Commerce.com Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
BigCommerce's growth continued with strong revenue and ARR increases, and enterprise accounts driving a significant portion of ARR.
BigCommerce reported a 39% increase in total revenue to $68.2 million and a 41% increase in total ARR to $296.0 million compared to the prior year. The company's enterprise accounts drove a significant portion of ARR growth, with a 68% year-over-year increase. BigCommerce also launched its European and Latin American presence and received recognition as a top solution in B2B commerce.
- Total revenue increased by 39% year-over-year to $68.2 million.
- Total ARR increased by 41% year-over-year to $296.0 million.
- Subscription revenue grew by 51% year-over-year to $51.3 million.
- Enterprise accounts ARR grew by 68% year-over-year, representing 70% of total ARR.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$68.2M
Revenue by segment
BigCommerce · $68.2M total across 2 segments · Q2 2022
- Subscription solutions$51.3M+51.0%75.2%
- Partner and services$16.9M+12.4%24.8%
Forward guidance
For Q3 2022, BigCommerce expects total revenue between $68.3 million and $71.2 million, and a non-GAAP operating loss between $14.4 million and $16.4 million. For the full year 2022, the company expects total revenue between $277.0 million and $282.9 million, and a non-GAAP operating loss between $48.9 million and $52.9 million.
Tailwinds
- Total revenue between $68.3 million to $71.2 million for Q3 2022.
- Implies an organic year-over-year growth rate of 15% to 20% with revenue from Feedonomics in the base period for Q3 2022.
- Total revenue between $277.0 million and $282.9 million for the full year 2022.
- Translating into a year-over-year growth rate of 26% and 29% for the full year 2022.
- Partnered with London-based dropshipping marketplace, Avasam
Headwinds
- Non-GAAP operating loss is expected to be between $14.4 million to $16.4 million for Q3 2022.
- Non-GAAP operating loss between $48.9 million and $52.9 million for the full year 2022.
- The Company’s third quarter and 2022 financial outlook is based on a number of assumptions that are subject to change
- 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 Q2 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 | — | — | — |
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