NASDAQ$CMRC

Commerce.com Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

BigCommerce's financial performance accelerated with revenue growth and strategic partnerships.

BigCommerce announced strong Q3 2020 results, with a 41% year-over-year increase in total revenue to $39.7 million and a 38% increase in Total ARR to $167.0 million.

  • Total revenue increased by 41% year-over-year, reaching $39.7 million.
  • Total ARR increased by 38% year-over-year, reaching $167.0 million.
  • GAAP operating loss was ($10.1) million, an improvement compared to ($10.3) million in Q3 2019.
  • Key brands like ChapStick, 5-Hour Energy, and Nikon Canada were added as merchants.

Headline financials

Total Revenue

$39.7M

Previous: $28.3M+40.6%
EPS (adj)

-$0.16

Previous: -$0.19+15.1%
Total ARR

$167M

Previous: $0.00
Enterprise Accounts ARR

$89.8M

Previous: $0.00
Capital Expenditures

-$1.38M

No prior period
Free Cash Flow

-$12.2M

No prior period
Net Income

-$10.9M

Previous: -$10.7M-1.2%
Operating Income

-$10.1M

Previous: -$10.3M+2.2%
Gross Profit

$31.1M

Previous: $21.5M+45.1%
Cash & Equivalents

$179M

No prior period
Total Assets

$236M

No prior period

Revenue & EPS history

BigCommerce · Revenue · Quarterly

$39.7M

Q3 2020+40.6%vs Q3 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

BigCommerce · $39.7M total across 2 segments · Q3 2020

  • Subscription solutions
    $26.5M+26.3%
  • Partner and services
    $13.2M+82.1%

Forward guidance

For Q4 2020, BigCommerce anticipates total revenue between $38.3 million and $38.7 million, and a non-GAAP operating loss between ($10.0) million and ($9.7) million. For the full year 2020, the company expects total revenue between $147.5 million and $147.9 million, and a non-GAAP operating loss between ($29.9) million and ($29.6) million.

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 Q3 2020

Historical avgQ3 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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