BigCommerce Holdings Inc

BIGC

Equity

ISIN US08975P1084 / Valor 56073608

NASDAQ (2024-09-16)

USD 5.75-1.20%

BigCommerce Holdings Inc
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About company

BigCommerce Holdings Inc is a leading Open SaaS solution provider that aims to help customers sell more online at every stage of growth, catering to small startups, mid-market businesses, and large enterprises. The company empowers merchants to build, innovate, and expand their online businesses by offering a robust commerce platform. With a focus on being the best in the industry, BigCommerce allows its customers to concentrate on growing their businesses while providing the necessary tools and support for success.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

BigCommerce Holdings Inc. reported total revenue of $81.8 million for the second quarter of 2024, marking an 8% increase compared to the second quarter of 2023. This growth highlights the company's expanding market presence and successful customer acquisition strategies.

Annual Revenue Run-Rate

The total annual revenue run-rate (ARR) as of June 30, 2024, was $345.8 million, up 4% compared to June 30, 2023. This steady increase in ARR underscores BigCommerce Holdings Inc.'s ability to maintain and grow its recurring revenue streams.

Subscription Solutions Revenue

BigCommerce Holdings Inc. saw its subscription solutions revenue rise to $61.8 million in the second quarter of 2024, a 10% increase from the same period in 2023. This growth reflects the company's success in attracting and retaining subscription-based customers.

Net Income (Loss)

For the second quarter of 2024, BigCommerce Holdings Inc. reported a GAAP net loss of ($11.3) million, an improvement from the ($19.1) million loss in the second quarter of 2023. On a non-GAAP basis, the company achieved a net income of $4.1 million, compared to a loss of ($1.5) million in the same period last year.

Adjusted EBITDA

BigCommerce Holdings Inc. reported an adjusted EBITDA of $3.0 million for the second quarter of 2024, a significant improvement from the ($2.5) million reported in the second quarter of 2023. This positive shift indicates better operational efficiency and cost management.

Summarized from source with an LLMView Source

Key figures

-45.1%1Y

-90.0%3Y

%5Y

Performance

50.4%1Y

73.8%3Y

79.1%5Y

Volatility