NASDAQ$CMRC
Commerce.com Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
BigCommerce's Q4 2023 financial results showed revenue growth and improved profitability.
BigCommerce announced Q4 2023 financial results with a total revenue of $84.1 million, a 16% increase year-over-year. The company achieved an adjusted EBITDA of $6.5 million, exceeding their goal to hit break-even on an adjusted EBITDA basis. They also reported positive operating cash flow of approximately $13 million, representing 16% of revenue in Q4.
- Total revenue increased by 16% year-over-year, reaching $84.1 million.
- Adjusted EBITDA was $6.5 million, a 20-point increase versus prior year.
- Operating cash flow was approximately $13 million, growing to 16% of revenue.
- Total ARR reached $336.5 million, up 8% compared to the prior year.
Headline financials
Revenue & EPS history
BigCommerce · Revenue · Quarterly
$84.1M
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 Q1 2024, BigCommerce expects total revenue between $76.0 million and $78.0 million, with a year-over-year growth rate of 6% to 9%. Non-GAAP operating income is expected to be between $1.0 million and $2.0 million. For the full year 2024, the company expects total revenue between $327.1 million and $335.1 million, translating into a year-over-year growth rate of 6% and 8%. Non-GAAP operating income is projected to be between $8.5 million and $12.5 million.
Tailwinds
- Total revenue is expected to grow between 6% and 9% year-over-year in Q1 2024.
- Non-GAAP operating income is expected to be positive in Q1 2024.
- Total revenue for the full year 2024 is projected to grow between 6% and 8% year-over-year.
- Non-GAAP operating income is expected to be positive for the full year 2024.
- The company is focused on driving efficient revenue growth.
Headwinds
- Q1 2024 revenue growth rate is expected to be lower compared to Q4 2023.
- The financial outlook is based on assumptions that are subject to change.
- Actual results may vary from the assumptions.
- There is no assurance that the company will achieve the expected results.
- Guidance is not provided for operating loss, and a reconciliation between forecasted Non-GAAP operating loss and comparable GAAP measures cannot be provided without unreasonable effort.
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 Q4 2023
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro