NASDAQ$CMRC

Commerce.com Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

BigCommerce's Q4 2024 financial results were announced, with revenue up 3% and significant progress in go-to-market transformation.

BigCommerce reported a 3% increase in total revenue for Q4 2024, reaching $87.0 million. The company focused on executing its go-to-market transformation, aligning strategy and messaging. Total ARR reached $349.6 million, up 4% year-over-year, and Enterprise ARR grew by 7% to $261.6 million.

  • Total revenue increased by 3% to $87.0 million compared to Q4 2023.
  • Total ARR reached $349.6 million, a 4% increase year-over-year.
  • Subscription solutions revenue grew by 3% to $62.3 million.
  • GAAP loss from operations improved to ($0.8) million, compared to ($5.7) million in Q4 2023.

Headline financials

Total Revenue

$87M

Previous: $84.1M+3.4%
EPS (adj)

$0.11

Previous: $0.09+22.2%
Total ARR

$349M

Previous: $337M+3.6%
Enterprise Accounts ARR

$261M

Previous: $245M+6.5%
Number of Enterprise Accounts

5.9K

Previous: 6.0K-1.9%
ARPA of Enterprise Accounts

$44.5K

No prior period
Adjusted EBITDA

$11M

No prior period
Non-GAAP Operating Income

$10.1M

No prior period
Non-GAAP Net Income

$8.45M

No prior period
GAAP Gross Margin

78.0%

No prior period
Non-GAAP Gross Margin

78.0%

No prior period
Enterprise ARR % of Total ARR

75.0%

No prior period
Gross Merchandise Volume

$7.9B

No prior period
Net Revenue Retention

95.0%

No prior period
Net Income

-$2.4M

Previous: -$3.2M+25.0%
Operating Income

-$751K

Previous: -$5.7M+86.8%
Gross Profit

$67.6M

Previous: $65.2M+3.6%

Revenue & EPS history

BigCommerce · Revenue · Quarterly

$87M

Q4 2024+3.4%vs Q4 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

BigCommerce · $78M total across 2 segments · Q3 2023

  • Subscription solutions
    $58.7M+10.3%
  • Partner and services
    $19.3M+0.9%

Forward guidance

For Q1 2025, BigCommerce expects total revenue between $81.2 million and $83.2 million, with non-GAAP operating income between $4 million and $5 million. For the full year 2025, the company anticipates total revenue between $342.1 million and $350.1 million, and non-GAAP operating income between $20 million and $24 million.

Tailwinds

  • Expected total revenue between $81.2 million and $83.2 million for Q1 2025.
  • Anticipated non-GAAP operating income between $4 million and $5 million for Q1 2025.
  • Projected total revenue between $342.1 million and $350.1 million for FY 2025.
  • Forecasted non-GAAP operating income between $20 million and $24 million for FY 2025.
  • New global preferred partnership with Klarna to help merchants optimize checkout and conversion.

Headwinds

  • Financial outlook is based on assumptions subject to change and outside the company's control.
  • Actual results may vary from these assumptions, impacting expectations.
  • No assurance that the company will achieve the expected results.
  • Guidance is not provided for loss from operations.
  • Reconciliation between forecasted non-GAAP operating income 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 2024

Historical avgQ4 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

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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