Loading...
•
Jun 30, 2020
BigCommerce Q2 2020 Earnings Report
BigCommerce reported strong Q2 2020 results driven by revenue and ARR growth and enterprise account momentum.
Key Takeaways
BigCommerce's Q2 revenue came in at $36.3 million, up 33% year-over-year. Total annual revenue run rate (ARR) was $151.8 million, up 32% year-over-year. Enterprise account ARR was up 44% year-over-year. The company delivered these results while continuing to drive operating leverage across the business.
Q2 revenue was $36.3 million, up 33% year-over-year.
Total ARR was $151.8 million, up 32% year-over-year.
Enterprise account ARR was up 44% year-over-year.
Adjusted EBITDA margin improved 19 percentage points year-over-year.
Revenue by Segment
Forward Guidance
For Q3 2020, BigCommerce expects total revenue in the range of $35.9 million to $36.3 million, representing year-over-year growth of 27% to 28%. They expect non-GAAP operating loss in the range of negative $10.4 million to negative $10.1 million. For full fiscal year 2020, they expect total revenue in the range of $142.5 to $143.3 million, representing year-over-year growth of 27% to 28%. They expect non-GAAP operating loss in the range of negative $33.5 million to negative $32.9 million.
Positive Outlook
- Continued growth across all plans and geographies.
- Strong bookings momentum in Q2.
- Continued growth in bookings for both essentials and enterprise.
- Focus on disrupting segments of the market where enterprise plans fit nicely.
- Continued momentum in subscription and bookings.
Challenges Ahead
- Continued uncertainty surrounding the COVID-19 pandemic.
- Lower PSR revenue growth rate as compared to Q2 as transaction activity may moderate in the back half of 2020.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...