NASDAQ$CMRC
Commerce.com Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
BigCommerce achieved record revenue growth and expanded its enterprise customer base.
BigCommerce reported a strong Q3 2021, achieving record revenue growth of 49% year-over-year, driven by success in serving larger enterprise customers and expanding into new markets. The acquisition of Feedonomics was also incorporated into the financial results.
- Total revenue increased by 49% year-over-year to $59.3 million.
- Total ARR reached $253.5 million, a 52% increase compared to the previous year.
- Subscription revenue grew by 59% year-over-year to $42.1 million.
- ARR from Enterprise Accounts increased by 78% year-over-year to $159.9 million.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$59.3M
Revenue by segment
BigCommerce · $59.3M total across 2 segments · Q3 2021
- Subscription solutions$42.1M+58.7%71.1%
- Partner and services$17.2M+30.1%28.9%
Forward guidance
BigCommerce provided guidance for Q4 2021 and full year 2021.
Tailwinds
- Q4 2021 total revenue is expected to be between $61.3 million and $61.7 million, representing a year-over-year growth rate of 42% to 43%.
- Full year 2021 total revenue is expected to be between $216.2 million and $216.6 million, representing a year-over-year growth rate of 42%.
- The company is focused on providing a flexible Open SaaS ecommerce platform.
- Multi-Storefront is expected to be fully available to all merchants in early 2022.
- Partnerships with TikTok, Google, CMA CGM Group, NewOxatis, Sezzle, Chargify, Amazon MCF, and Mercado Libre.
Headwinds
- Q4 2021 non-GAAP operating loss is expected to be between ($8.0) million and ($9.2) million.
- Full year 2021 non-GAAP operating loss is expected to be between ($19.2) million and ($20.4) million.
- The financial outlook is based on assumptions that are subject to change and outside the company's control.
- Actual results may vary from these assumptions.
- There can be no assurance that the company will achieve these results.
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 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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