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Jun 30, 2022
BigCommerce Q2 2022 Earnings Report
BigCommerce's growth continued with strong revenue and ARR increases, and enterprise accounts driving a significant portion of ARR.
Key Takeaways
BigCommerce reported a 39% increase in total revenue to $68.2 million and a 41% increase in total ARR to $296.0 million compared to the prior year. The company's enterprise accounts drove a significant portion of ARR growth, with a 68% year-over-year increase. BigCommerce also launched its European and Latin American presence and received recognition as a top solution in B2B commerce.
Total revenue increased by 39% year-over-year to $68.2 million.
Total ARR increased by 41% year-over-year to $296.0 million.
Subscription revenue grew by 51% year-over-year to $51.3 million.
Enterprise accounts ARR grew by 68% year-over-year, representing 70% of total ARR.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For Q3 2022, BigCommerce expects total revenue between $68.3 million and $71.2 million, and a non-GAAP operating loss between $14.4 million and $16.4 million. For the full year 2022, the company expects total revenue between $277.0 million and $282.9 million, and a non-GAAP operating loss between $48.9 million and $52.9 million.
Positive Outlook
- Total revenue between $68.3 million to $71.2 million for Q3 2022.
- Implies an organic year-over-year growth rate of 15% to 20% with revenue from Feedonomics in the base period for Q3 2022.
- Total revenue between $277.0 million and $282.9 million for the full year 2022.
- Translating into a year-over-year growth rate of 26% and 29% for the full year 2022.
- Partnered with London-based dropshipping marketplace, Avasam
Challenges Ahead
- Non-GAAP operating loss is expected to be between $14.4 million to $16.4 million for Q3 2022.
- Non-GAAP operating loss between $48.9 million and $52.9 million for the full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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