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Dec 31, 2023
BigCommerce Q4 2023 Earnings Report
BigCommerce's Q4 2023 financial results showed revenue growth and improved profitability.
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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