NASDAQ$CMRC
Commerce.com Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
BigCommerce's Q3 2022 financial results were announced, revealing a revenue increase of 22% compared to the prior year and a total ARR increase of 20% versus the prior year.
BigCommerce reported a 22% increase in total revenue, reaching $72.4 million, and a 20% increase in total ARR, reaching $305.3 million. Subscription revenue grew by 26%, and Enterprise Account ARR increased by 35%. The company continued its international expansion and launched new enterprise product capabilities.
- Total revenue was $72.4 million, up 22% compared to the third quarter of 2021.
- Total ARR was $305.3 million, up 20% compared to September 30, 2021.
- Subscription revenue was $53.2 million, up 26% compared to the third quarter of 2021.
- ARR from Enterprise Accounts was $216.2 million, up 35% from September 30, 2021.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$72.4M
Revenue by segment
BigCommerce · $72.4M total across 2 segments · Q3 2022
- Subscription solutions$53.2M+26.4%73.5%
- Partner and services$19.2M+11.6%26.5%
Forward guidance
For the fourth quarter of 2022, BigCommerce expects total revenue between $72.4 million to $74.2 million, implying an organic year-over-year growth rate of 12% to 14%. Non-GAAP operating loss is expected to be between $12.3 million to $14.3 million. For the full year 2022, the Company currently expects: Total revenue between $279.1 million and $280.9 million, translating into a year-over-year growth rate of 27% and 28%. Non-GAAP operating loss between $49.9 million and $51.9 million.
Tailwinds
- Total revenue between $72.4 million to $74.2 million for Q4 2022.
- Organic year-over-year growth rate of 12% to 14% for Q4 2022.
- Total revenue between $279.1 million and $280.9 million for full year 2022.
- Year-over-year growth rate of 27% and 28% for full year 2022.
- Continued international expansion with the addition of Austria, Denmark, Norway and Sweden.
Headwinds
- Non-GAAP operating loss is expected to be between $12.3 million to $14.3 million for Q4 2022.
- Non-GAAP operating loss between $49.9 million and $51.9 million for full year 2022.
- GAAP operating loss was ($30.6) million, compared to ($21.3) million in the third quarter of 2021.
- Non-GAAP operating loss was ($11.5) million, compared to ($3.8) million in the third quarter of 2021.
- GAAP net loss was ($30.3) million, compared to ($21.7) million in the third quarter of 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 Q3 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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