NASDAQ$CMRC
Commerce.com Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
BigCommerce's performance reflected a mix of growth and strategic realignment.
BigCommerce announced its Q3 2024 financial results, with total revenue reaching $83.7 million, a 7% increase year-over-year. The company is undergoing strategic changes to re-accelerate growth, including leadership changes and a restructuring program.
- Total revenue increased by 7% year-over-year to $83.7 million.
- Total ARR reached $347.8 million, a 5% increase year-over-year.
- Enterprise ARR grew by 7% year-over-year to $256.9 million.
- GAAP loss from operations improved to ($19.2) million, compared to ($22.2) million in the third quarter of 2023.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$83.7M
Revenue by segment
BigCommerce · $78M total across 2 segments · Q3 2023
- Subscription solutions$58.7M+10.3%75.2%
- Partner and services$19.3M+0.9%24.8%
Forward guidance
For Q4 2024, BigCommerce anticipates total revenue between $85.8 million and $87.8 million, representing a year-over-year growth rate of 2% to 4%, and non-GAAP operating income between $4.4 million and $6.4 million. For the full year 2024, the company expects total revenue between $331.7 million and $333.7 million, translating into a year-over-year growth rate of 7% and 8%, and non-GAAP operating income between $13.8 million and $15.8 million.
Tailwinds
- Revenue growth expected to continue in Q4 2024.
- Anticipated non-GAAP operating income in Q4 2024.
- Full-year revenue growth projected between 7% and 8%.
- Expected non-GAAP operating income for the full year 2024.
- Strategic initiatives in place to re-accelerate growth.
Headwinds
- Guidance is based on assumptions that are subject to change.
- Actual results may vary from the provided guidance.
- Achievement of these results cannot be assured.
- Unavailability of reliable estimates for certain GAAP measures.
- Items not within the company's control may significantly impact future financial 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 2024
-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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