CMRC

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EX-99.1

Exhibit 99.1

Commerce Announces Second Quarter 2026 Financial Results

Total ARR of $360.5 Million, an Increase of 2% Versus Prior Year. GAAP Net Income of $1.1 Million Versus Net Loss in Prior Year Period. Operating Cash Flow of $5.1 Million.

AUSTIN, Texas – August 6, 2026 – Commerce.com, Inc. (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem that enables businesses to unlock data, power intelligent discovery and deliver personalized experiences at scale, today announced financial results for its second quarter ended June 30, 2026.

“Our second quarter results reflect another period of disciplined execution, with revenue of $84.5 million, 14% GMV growth, positive GAAP net income for the second consecutive quarter, and a third consecutive quarter of sequential improvement in net revenue retention,” said Travis Hess, CEO of Commerce. “Just as importantly, we're making deliberate decisions to strengthen the quality and durability of our business by investing in product intelligence, AI-driven commerce, and the open architecture merchants need as commerce becomes increasingly distributed. We believe those disciplined trade-offs position Commerce to deliver stronger merchant outcomes and create long-term value for both our customers and shareholders."

Second Quarter Financial Highlights:

• Total revenue was $84.5 million, up 0.1% compared to the three months ended June 30, 2025.

• Total annual revenue run-rate (“ARR”) as of June 30, 2026 was $360.5 million, up 2% compared to June 30, 2025.

• Subscription solutions revenue was $63.1 million, down 1% compared to the three months ended June 30, 2025.

• Gross Merchandise Volume (GMV) was $8.8 billion, up 14% compared to the three months ended June 30, 2025.

• Net Revenue Retention (NRR) was 95.8%, compared to 95.4% in the three months ended March 31, 2026 and 94.5% in the three months ended June 30, 2025.

• GAAP gross margin was 75%, compared to 79% in the three months ended June 30, 2025.

• Non-GAAP gross margin was 76%, compared to 80% in the three months ended June 30, 2025.

Other Key Business Metrics

• Revenue in the United States declined by 1% compared to the three months ended June 30, 2025.

• Revenue in EMEA grew by 12% and revenue in APAC declined by 4% compared to the three months ended June 30, 2025.

Income (Loss) from Operations and Non-GAAP Operating Income

• GAAP income from operations was $2.7 million, compared to a loss of ($6.8) million in the three months ended June 30, 2025.

• Non-GAAP operating income was $8.1 million, compared to $4.8 million in the three months ended June 30, 2025.

• Non-GAAP operating margin was 9.6%, compared to 5.7% in the three months ended June 30, 2025.

Exhibit 99.1

GAAP Net Income (Loss), Non-GAAP Net Income and Earnings Per Share

• GAAP net income was $1.1 million, compared to a net loss of ($8.4) million in the three months ended June 30, 2025.

• Non-GAAP net income was $6.5 million or 8% of revenue, compared to $3.2 million or 4% of revenue in the three months ended June 30, 2025.

• GAAP basic net income per share was $0.01 based on 82.6 million weighted average shares outstanding, compared to ($0.10) based on 80.1 million weighted average shares outstanding in the three months ended June 30, 2025.

• GAAP diluted net income per share was $0.01 based on 82.8 million weighted average shares outstanding compared to ($0.10) based on 80.1 million weighted average shares outstanding for the three months ended June 30, 2025.

• Non-GAAP basic net income per share was $0.08 based on 82.6 million shares of weighted average shares outstanding, compared to $0.04 based on 80.1 million shares of weighted average shares outstanding in the three months ended June 30, 2025.

• Non-GAAP diluted net income per share was $0.08 based on 82.8 million shares of dilutive shares, compared to $0.04 based on 81.0 million dilutive shares in the three months ended June 30, 2025.

Adjusted EBITDA

• Adjusted EBITDA was $9.7 million, compared to $5.7 million in the three months ended June 30, 2025.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $157.5 million as of June 30, 2026.

• For the three months ended June 30, 2026, net cash provided by operating activities was $5.1 million, compared to $13.6 million provided by operating activities for the same period in 2025.

• Free cash flow of $0.1 million in the three months ended June 30, 2026, compared to $11.9 million in the three months ended June 30, 2025.

Business Highlights:

Corporate Highlights

• In April, Commerce announced that merchants, including Dell, are now syndicating catalog data to key agentic discovery channels including OpenAI and Google Gemini, using Feedonomics Agentic Catalog Exports (ACE), a new enterprise service designed to help merchants make their product catalogs discoverable across emerging AI-powered and agent-driven shopping environ

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Exhibit 99.1

Commerce Announces First Quarter 2026 Financial Results

First Quarter Total Revenue of $86.8 Million, an Increase of 5% Versus Prior Year. Total ARR of $359.8 Million, an Increase of 3% Versus Prior Year. GAAP Net Income of $3.7 Million Versus Net Loss in Prior Year Period. Operating Cash Flow of $18.4 Million.

AUSTIN, Texas – May 7, 2026 – Commerce.com, Inc. (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem that enables businesses to unlock data, power intelligent discovery and deliver personalized experiences at scale, today announced financial results for its first quarter ended March 31, 2026.

“We’re off to a strong start in 2026, delivering solid financial results while continuing to execute against the strategy we laid out at the beginning of the year,” said Travis Hess, CEO of Commerce. “This quarter reflects our shift from foundation-building to execution and monetization, with meaningful progress across payments, AI-driven commerce and our core platform. We’re operating at the center of a structural shift as commerce evolves from a storefront-centric model to one that is increasingly AI-driven and distributed across channels. The storefront remains critical, but it’s no longer the sole driver of demand. We’ve been positioning the business for this transition over the past 18 months, integrating our platform across product intelligence, experience orchestration and transactions. In this environment, data and orchestration become increasingly important, and we’re well positioned to help merchants capture demand wherever it originates and convert it efficiently. This business has never been better positioned. We have the scale, the infrastructure, the financial profile and the product momentum to deliver on the growth potential of this product suite. Our focus is execution.”

First Quarter Financial Highlights:

• Total revenue was $86.8 million, up 5% compared to the three months ended March 31, 2025.

• Total annual revenue run-rate (“ARR”) as of March 31, 2026 was $359.8 million, up 3% compared to March 31, 2025.

• Subscription solutions revenue was $63.7 million, up 3% compared to the three months ended March 31, 2025.

• Gross Merchandise Volume (GMV) was $8.3 billion, up 14% compared to the three months ended March 31, 2025.

• Net Revenue Retention (NRR) was 95.4%, compared to 95.0% in the three months ended March 31, 2025.

• GAAP gross margin was 77%, compared to 79% in the three months ended March 31, 2025.

• Non-GAAP gross margin was 77%, compared to 80% in the three months ended March 31, 2025.

Other Key Business Metrics

• Revenue in the United States grew by 5% compared to the three months ended March 31, 2025.

• Revenue in EMEA grew by 14% and revenue in APAC was largely unchanged compared to the three months ended March 31, 2025.

.

Income (Loss) from Operations and Non-GAAP Operating Income

• GAAP income from operations was $5.8 million, compared to a loss of ($2.4) million in the three months ended March 31, 2025.

Exhibit 99.1

• Non-GAAP operating income was $12.4 million, compared to $7.6 million in the three months ended March 31, 2025.

GAAP Net Income (Loss), Non-GAAP Net Income and Earnings Per Share

• GAAP net income was $3.7 million, compared to a net loss of ($0.4) million in the three months ended March 31, 2025.

• Non-GAAP net income was $10.4 million or 12% of revenue, compared to $5.7 million or 7% of revenue in the three months ended March 31, 2025.

• GAAP basic net income per share was $0.05 based on 82.0 million weighted average shares outstanding, compared to ($0.00) based on 78.8 million weighted average shares outstanding in the three months ended March 31, 2025.

• GAAP diluted net income per share was $0.05 based on 82.3 million weighted average shares outstanding compared to ($0.00) based on 78.8 million weighted average shares outstanding for the three months ended March 31, 2025.

• Non-GAAP basic net income per share was $0.13 based on 82.0 million shares of weighted average shares outstanding, compared to $0.07 based on 78.8 million shares of weighted average shares outstanding in the three months ended March 31, 2025.

• Non-GAAP diluted net income per share was $0.13 based on 82.3 million shares of dilutive shares, compared to $0.07 based on 80.5 million dilutive shares in the three months ended March 31, 2025.

Adjusted EBITDA

• Adjusted EBITDA was $13.8 million, compared to $8.8 million in the three months ended March 31, 2025.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $157.0 million as of March 31, 2026.

• For the three months ended March 31, 2026, net cash provided by operating activities was $18.4 million, compared to $0.4 million provided by operating activities for the same period in 2025.

• Free cash flow of $14.1 million in the three months ended March 31, 2026, compared to ($2.9) million in the three m

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Exhibit 99.1

Commerce Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Full-Year Total Revenue of $342.3 Million, an Increase of 3% Versus Prior Year. Total ARR of $359.1 Million, an Increase of 3% Versus Prior Year. Enterprise ARR of $287.2 Million, an Increase of 10% Versus Prior Year. Full-Year Operating Cash Flow of $27.4 Million

AUSTIN, Texas – February 12, 2026 – Commerce.com, Inc. (Nasdaq: CMRC) (formerly BigCommerce Holdings, Inc.), a provider of an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale, today announced financial results for its fourth quarter and fiscal year ended December 31, 2025.

“2025 was a year of material business transformation. We improved efficiency, expanded margins, and realigned investment to our highest-impact growth areas, culminating in our rebrand as Commerce and a clear position in AI-powered agentic commerce,” said Travis Hess, CEO of Commerce. “With key elements of our transformation complete, we are operating with greater leverage, stronger product-market fit, and clear line of sight to durable ARR growth.”

Fourth Quarter Financial Highlights:

• Total revenue was $89.5 million, up 3% compared to the three months ended December 31, 2024.

• Total annual revenue run-rate (“ARR”) as of December 31, 2025 was $359.1 million, up 3% compared to December 31, 2024.

• Subscription solutions revenue was $65.2 million, up 5% compared to the three months ended December 31, 2024.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $287.2 million as of December 31, 2025, up 10% from December 31, 2024.

• ARR from Enterprise Accounts as a percent of total ARR was 80% as of December 31, 2025, compared to 75% as of December 31, 2024.

• Gross Merchandise Volume (GMV) was $8.9 billion in the three months ended December 31, 2025.

• Net Revenue Retention (NRR) was 95.2%, compared to 95.0% in the three months ended December 31, 2024.

• GAAP gross margin was 78%, compared to 78% in the three months ended December 31, 2024. Non-GAAP gross margin was 79%, compared to 78% in the three months ended December 31, 2024.

Other Key Business Metrics

• Number of enterprise accounts was 6,648, up 13% compared to the three months ended December 31, 2024.

• Average revenue per account (ARPA) of enterprise accounts was $43,200 down 3% compared to the three months ended December 31, 2024.

• Revenue in the United States grew by 2% compared to the three months ended December 31, 2024.

• Revenue in EMEA grew by 20% and revenue in APAC declined by 5% compared to the three months ended December 31, 2024.

Loss from Operations and Non-GAAP Operating Income

Exhibit 99.1

• GAAP loss from operations was ($6.6) million, compared to ($0.8) million in the three months ended December 31, 2024.

• Non-GAAP operating income was $7.4 million, compared to $10.1 million in the three months ended December 31, 2024.

GAAP Net Loss, Non-GAAP Net Income and Earnings Per Share

• GAAP net loss was ($8.4) million, compared to ($2.4) million in the three months ended December 31, 2024.

• Non-GAAP net income was $5.6 million or 6% of revenue, compared to $8.4 million or 10% of revenue in the three months ended December 31, 2024.

• GAAP basic net loss per share was ($0.10) based on 81.4 million weighted average shares outstanding, compared to ($0.03) based on 78.4 million weighted average shares outstanding in the three months ended December 31, 2024.

• Non-GAAP basic net income per share was $0.07 based on 81.4 million shares of weighted average shares outstanding, compared to $0.11 based on 78.4 million shares of weighted average shares outstanding in the three months ended December 31, 2024.

• Non-GAAP diluted net income per share was $0.07 based on 82.0 million shares of dilutive shares, compared to $0.11 based on 80.1 million dilutive shares in the three months ended December 31, 2024.

Adjusted EBITDA

• Adjusted EBITDA was $8.3 million, compared to $11.0 million in the three months ended December 31, 2024.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $143.0 million as of December 31, 2025.

• In the three months ended December 31, 2025, net cash provided by operating activities was $2.9 million, compared to $12.4 million provided by operating activities for the same period in 2024. We reported free cash flow of ($0.3) million in the three months ended December 31, 2025, compared to $11.6 million in the three months ended December 31, 2024.

Fiscal Year 2025 Financial Highlights:

• Total revenue was $342.3 million, up 3% compared to fiscal year 2024.

• Subscription solutions revenue was $255.6 million, up 3% compared to fiscal year 2024.

• GAAP gross margin was 79%, compared to 77% in fiscal year 2024. Non-GAAP gross margin was 79%, compared to 78% in fiscal year 2024.

•

8-K

false000162645000016264502025-12-312025-12-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 31, 2025

Commerce.com, Inc.

(Exact name of registrant as specified in charter)

Delaware

001-39423

46-2707656

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(I.R.S. Employer Identification

Number)

11920 Alterra Parkway

D11 / Suite 100

8th Floor

Austin, Texas 78758

(Address of principal executive offices, including zip code)

(512) 865-4500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Series 1 Common Stock, $ 0.0001 par value per share

CMRC

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

□ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 2.02 Results of Operations and Financial Condition

On January 7, 2026, Commerce.com, Inc. (the “Company”) reaffirmed its financial outlook for the fourth quarter and full year of fiscal 2025, as provided in a press release issued November 6, 2025, that was previously furnished as Exhibit 99.1 to the Company’s Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on November 6, 2025.

The information in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.

Item 2.05 Costs Associated with Exit or Disposal Activities.

On December 31, 2025, the Company committed to a plan (the “Plan”) to realign the Company’s current workforce with the Company’s on-going cost structure. The decision to implement the Plan is based on continuous improvement efforts to optimize operational costs and efficiencies across fiscal 2026 intended to better position the Company for continued profitable revenue growth.

The Company recorded an expense of approximately $7.4 million in connection with the Plan during the fourth quarter of fiscal 2025 and estimates an additional $6.5 million in fiscal 2026, which are primarily related to severance payments, professional services, and other related costs. The Company expects the Plan to have an operating cash flow impact of approximately $3.4 million in the first quarter of fiscal 2026 and $12.2 million in total for fiscal year 2026. The Company expects that the Plan will be substantially completed during fiscal 2026. The expenses the Company expects to incur are subject to assumptions, and actual expenses may differ from the estimates disclosed above.

The Company may incur other expenses or cash outflows not currently contemplated due to unanticipated events that may occur as a result of or in connection with the Plan. The Company intends to exclude these charges from its Non-GAAP financial measures, including Non-GAAP Operating Income (Loss), Adjusted EBITDA and Non-GAAP Net Income (Loss).

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Compensatory Arrangements of Certain Officers.

On January 1, 2026, Daniel Lentz, the Company’s Chief Financial Officer, was appointed to the additional role of Chief Operating Officer. Mr. Lentz will continue to serve as Chief Financial Officer of the Company, which position he has held since July 2023. There will be no change in Mr. Lentz’s current compensation as a result of his assumption of the role of Chief Financial Officer & Chief Operating Officer.

There is no arrangement or understanding between Mr. Lentz and any other person pursuant to which Mr. Lentz was appointed as Chief Op

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Exhibit 99.1

Commerce Announces Third Quarter 2025 Financial Results

Third Quarter Total Revenue of $86.0 Million, an Increase of 3% Versus Prior Year. Total ARR of $355.7 Million, an Increase of 2% Versus Prior Year. Enterprise ARR of $269.2 Million, an Increase of 5% Versus Prior Year

AUSTIN, Texas – November 6, 2025 – Commerce.com, Inc. (Nasdaq: CMRC) (formerly BigCommerce Holdings, Inc.), a provider of an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale, today announced financial results for its third quarter ended September 30, 2025.

“The third quarter marked another strong step forward in our transformation, with revenue in line with guidance and profitability and cash flow exceeding expectations,” said Travis Hess, CEO of Commerce. “We are now squarely in execution mode, scaling sustainable growth across core offerings and leaning into strategic partnerships with AI leaders like Perplexity, Google, and PayPal to power agentic commerce. As buyer behavior shifts, our differentiated approach, flexible platform, enriched data and AI-enabled experiences, are driving real momentum across B2B and B2C.”

Third Quarter Financial Highlights:

• Total revenue was $86.0 million, up 3% compared to the three months ended September 30, 2024.

• Total annual revenue run-rate (“ARR”) as of September 30, 2025 was $355.7 million, up 2% compared to September 30, 2024.

• Subscription solutions revenue was $64.7 million, up 3% compared to the three months ended September 30,2024.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $269.2 million as of September 30, 2025, up 5% from September 30, 2024.

• ARR from Enterprise Accounts as a percent of total ARR was 76% as of September 30, 2025, compared to 74% as of September 30, 2024.

• GAAP gross margin was 78%, compared to 76% in the three months ended September 30,2024. Non-GAAP gross margin was 79%, compared to 78% in the three months ended September 30,of 2024.

Other Key Business Metrics

• Number of enterprise accounts was 5,751, down 2% compared to the three months ended September 30, 2024.

• Average revenue per account (“ARPA”) of enterprise accounts was $46,806, up 7% compared to the three months ended September 30, 2024.

• Revenue in the United States grew by 2% compared to the three months ended September 30, 2024.

• Revenue in EMEA grew by 9% and revenue in APAC declined by 3% compared to the three months ended September 30, 2024.

Loss from Operations and Non-GAAP Operating Income

• GAAP loss from operations was ($0.4) million, compared to ($19.2) million in the three months ended September 30, 2024.

• Non-GAAP operating income was $8.0 million, compared to $4.3 million in the three months ended September 30, 2024.

Exhibit 99.1

GAAP Net Loss, Non-GAAP Net Income and Earnings Per Share

• GAAP net loss was ($2.2) million, compared to ($7.0) million in the three months ended September 30, 2024.

• Non-GAAP net income was $6.2 million or 7% of revenue, compared to $4.4 million or 5% of revenue in the three months ended September 30, 2024.

• GAAP basic net loss per share was ($0.03) based on 80.8 million shares of weighted average shares outstanding, compared to ($0.09) based on 77.9 million shares of weighted average shares outstanding in the three months ended September 30, 2024.

• Non-GAAP basic net income per share was $0.08 based on 80.8 million shares of weighted average shares outstanding, compared to $0.06 based on 77.9 million shares of weighted average shares outstanding in the three months ended September 30, 2024.

Adjusted EBITDA

• Adjusted EBITDA was $8.8 million, compared to $5.4 million in the three months ended September 30, 2024.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $143.2 million as of September 30, 2025.

• In the three months ended September 30, 2025, net cash provided by operating activities was $10.6 million, compared to $5.6 million provided by operating activities for the same period in 2024. We reported free cash flow of $7.6 million in the three months ended September 30, 2025.

Business Highlights:

Corporate Highlights

• The Company announced the availability of Feedonomics Surface, a new solution that simplifies and automates the process of connecting product catalogs to important advertising channels like Google Shopping and Meta. Feedonomics Surface provides Feedonomics' powerful data optimization and automation tools directly to merchants so they can improve their return on advertising spending with a stronger data feed.

• The Company announced a new embedded payment processing solution available exclusively to BigCommerce merchants. Powered by PayPal, BigCommerce Payments is slated for a U.S. launch in 2026, with international expansion planned in subsequent phases.

• The Company announ

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EX-99.1

Exhibit 99.1

Commerce Announces Second Quarter 2025 Financial Results

Second Quarter Total Revenue of $84.4 Million, an Increase of 3% Versus Prior Year. Total ARR of $354.6 Million, an Increase of 3% Versus Prior Year. Enterprise ARR of $269.3 Million, an Increase of 6% Versus Prior Year

AUSTIN, Texas – July 31, 2025 – Commerce.com, Inc. (Nasdaq: BIGC) (formerly BigCommerce Holdings, Inc.), a provider of an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale, today announced financial results for its second quarter ended June 30, 2025. Earlier this morning, BigCommerce announced the launch of its new parent brand, Commerce, and that it has officially changed its corporate name to Commerce.com, Inc. (“Commerce” or the “Company”), unifying BigCommerce, Feedonomics and Makeswift to power the next era of agentic commerce. In connection with the name change and rebranding, the Company will change its ticker to the symbol “CMRC” on the Nasdaq Global Market effective on or about August 1, 2025.

“The second quarter was a defining period for our company, and today we mark an important milestone as we reintroduce ourselves as Commerce,” said Travis Hess, CEO of Commerce. “The strategy, product and go-to-market engine we have built over the past year came together behind a singular focus: powering an AI-driven commerce ecosystem at scale. Our transformation phase is over. We have moved fully into execution and growth.”

Second Quarter Financial Highlights:

• Total revenue was $84.4 million, up 3% compared to the second quarter of 2024.

• Total annual revenue run-rate (“ARR”) as of June 30, 2025 was $354.6 million, up 3% compared to June 30, 2024.

• Subscription solutions revenue was $63.7 million, up 3% compared to the second quarter of 2024.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $269.3 million as of June 30, 2025, up 6% from June 30, 2024.

• ARR from Enterprise Accounts as a percent of total ARR was 76% as of June 30, 2025, compared to 73% as of June 30, 2024.

• GAAP gross margin was 79%, compared to 76% in the second quarter of 2024. Non-GAAP gross margin was 80%, compared to 77% in the second quarter of 2024.

Other Key Business Metrics

• Number of enterprise accounts was 5,803, down 3% compared to the second quarter of 2024.

• Average revenue per account (“ARPA”) of enterprise accounts was $46,403, up 9% compared to the second quarter of 2024.

• Revenue in the United States grew by 3% compared to the second quarter of 2024.

• Revenue in EMEA grew by 7% and revenue in APAC declined by 4% compared to the second quarter of 2024.

Loss from Operations and Non-GAAP Operating Income (Loss)

• GAAP loss from operations was ($6.8) million, compared to ($13.5) million in the second quarter of 2024.

• Included in GAAP loss from operations was a restructuring charge of $1.6 million.

Exhibit 99.1

• Non-GAAP operating income was $4.8 million, compared to $1.9 million in the second quarter of 2024.

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($8.4) million, compared to ($11.3) million in the second quarter of 2024.

• Non-GAAP net income was $3.2 million or 4% of revenue, compared to $4.1 million or 5% of revenue in the second quarter of 2024.

• GAAP basic net loss per share was ($0.10) based on 80.1 million shares of common stock, compared to ($0.15) based on 77.5 million shares of common stock in the second quarter of 2024.

• Non-GAAP basic net income per share was $0.04 based on 80.1 million shares of common stock, compared to $0.05 based on 77.5 million shares of common stock in the second quarter of 2024.

Adjusted EBITDA

• Adjusted EBITDA was $5.7 million, compared to $3.0 million in the second quarter of 2024.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $135.6 million as of June 30, 2025.

• For the three months ended June 30, 2025, net cash provided by operating activities was $13.6 million, compared to $11.7 million provided by operating activities for the same period in 2024. We reported free cash flow of $11.9 million in the three months ended June 30, 2025.

Business Highlights:

Corporate Highlights

• Former Adobe Fellow and Vice President of Technology Anil Kamath joined the Company’s Board of Directors.

• In July, BigCommerce scored 24 out of 24 total medals in the 2025 Paradigm B2B Combines for Digital Commerce Solutions (Enterprise and Midmarket Editions) for the third consecutive year. The Company advanced its rankings in five categories in both Editions and achieved more Gold medals in Midmarket than other platforms.

• In July, BigCommerce also announced the launch of the B2B Quick Start Accelerator, a partner-led implementation program built to help mid-market B2B sellers launch faster, reduce risk and realize ROI sooner.

• TrustRadius

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Exhibit 99.1

BigCommerce Announces First Quarter 2025 Financial Results

First Quarter Total Revenue of $82.4 Million, an Increase of 3% Versus Prior Year. Total ARR of $350.8 Million, an Increase of 3% Versus Prior Year. Enterprise ARR of $263.8 Million, an Increase of 6% Versus Prior Year

AUSTIN, Texas – May 8, 2025 – BigCommerce Holdings, Inc. (“BigCommerce” or the “Company”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands, retailers, manufacturers and distributors, today announced financial results for its first quarter ended March 31, 2025.

“Our transformation efforts are leading to encouraging signs of progress, including positive increases in pipeline and leads in the three months ended March 31, 2025,” said Travis Hess, CEO of BigCommerce. “We have acted decisively to transform the Company, brought in top leaders with SaaS and commerce expertise, and invested strategically to strengthen our core offerings for B2B and B2C businesses across all three of our products, BigCommerce, Feedonomics and Makeswift. Reaccelerating growth remains our top priority for the remainder of this year.”

First Quarter Financial Highlights:

• Total revenue was $82.4 million, up 3% compared to the first quarter of 2024.

• Total annual revenue run-rate (“ARR”) as of March 31, 2025 was $350.8 million, up 3% compared to March 31, 2024.

• Subscription solutions revenue was $62.1 million, up 2% compared to the first quarter of 2024.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $263.8 million as of March 31, 2025, up 6% from March 31, 2024.

• ARR from Enterprise Accounts as a percent of total ARR was 75% as of March 31, 2025, compared to 73% as of March 31, 2024.

• GAAP gross margin was 79%, compared to 77% in the first quarter of 2024. Non-GAAP gross margin was 80%, compared to 78% in the first quarter of 2024.

Other Key Business Metrics

• Number of enterprise accounts was 5,825, down 2% compared to the first quarter of 2024.

• Average revenue per account (“ARPA”) of enterprise accounts was $45,290, up 9% compared to the first quarter of 2024.

• Revenue in the United States grew by 2% compared to the first quarter of 2024.

• Revenue in EMEA grew by 8% and revenue in APAC declined by 5% compared to the first quarter of 2024.

.

Loss from Operations and Non-GAAP Operating Income (Loss)

• GAAP loss from operations was ($2.4) million, compared to ($8.2) million in the first quarter of 2024.

• Included in GAAP loss from operations was a restructuring charge of $1.9 million.

• Non-GAAP operating income was $7.6 million, compared to $3.2 million in the first quarter of 2024.

Exhibit 99.1

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($0.4) million, compared to ($6.4) million in the first quarter of 2024.

• Non-GAAP net income was $5.7 million or 7% of revenue, compared to $5.0 million or 6% of revenue in the first quarter of 2024.

• GAAP basic net loss per share was ($0.00) based on 78.8 million shares of common stock, compared to ($0.08) based on 76.6 million shares of common stock in the first quarter of 2024.

• Non-GAAP basic net income per share was $0.07 based on 78.8 million shares of common stock, compared to $0.07 based on 76.6 million shares of common stock in the first quarter of 2024.

Adjusted EBITDA

• Adjusted EBITDA was $8.8 million, compared to $4.2 million in the first quarter of 2024.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $121.9 million as of March 31, 2025.

• For the three months ended March 31, 2025, net cash provided by operating activities was $401 thousand, compared to ($3.4) million used in operating activities for the same period in 2024. We reported free cash flow of ($2.9) million in the three months ended March 31, 2025, which included a one-time charge related to the cash paid for the website domain name.

Business Highlights:

Corporate Highlights

• In February, the Company announced the addition of Rob Walter as its Chief Revenue Officer. Walter is a seasoned revenue leader with 20 years of ecommerce experience leading sales and go-to-market teams at successful companies including Salesforce, Ebay, ChannelAdviser and Amplience.

• Michelle Suzuki also joined BigCommerce as the Company’s Chief Marketing Officer. Suzuki brings more than 25 years of experience scaling and transforming high-growth companies, including renowned technology companies such as EMC, Ancestry and Ivanti.

• In April, Vipul Shah joined the Company as its new Chief Product Officer, bringing over two decades of experience building innovative products and business models at PayPal, Google, J.P. Morgan and Wells Fargo. Shah leads product management, product design and product strategy groups across all three of the Company’s products – BigCommerce, Feedonomics and Makeswift.

• BigCommerce also added SaaS an

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EX-99.1

Exhibit 99.1

BigCommerce Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Full-Year Total Revenue of $332.9 Million, an Increase of 8% Versus Prior Year. Total ARR of $349.6 Million, an Increase of 4% Versus Prior Year. Enterprise ARR of $261.6 Million, an Increase of 7% Versus Prior Year. Full-Year Operating Cash Flow of $26.3M

AUSTIN, Texas – February 20, 2025 – BigCommerce Holdings, Inc. (“BigCommerce” or the “Company”) (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands and retailers, today announced financial results for its fourth quarter and fiscal year ended December 31, 2024.

“Over the last several months, we have focused on executing our go-to-market transformation, aligning our strategy, structure and messaging to reflect the full power of BigCommerce,” said Travis Hess, CEO of BigCommerce. “Transformations like this are not easy, and I am encouraged by the progress, feedback and traction we are seeing, and I am energized by the path ahead. I took on this role because of my belief in what BigCommerce is today and, more importantly, where we can take commerce into the future as a leader in modern commerce with a differentiated approach, a world-class team and an immense market opportunity.”

Fourth Quarter Financial Highlights:

• Total revenue was $87.0 million, up 3% compared to the fourth quarter of 2023.

• Total annual revenue run-rate ("ARR") as of December 31, 2024 was $349.6 million, up 4% compared to December 31, 2023.

• Subscription solutions revenue was $62.3 million, up 3% compared to the fourth quarter of 2023.

• ARR from accounts with at least one enterprise plan (collectively, "Enterprise Accounts") was $261.6 million as of December 31, 2024, up 7% from December 31, 2023.

• ARR from Enterprise Accounts as a percent of total ARR was 75% as of December 31, 2024, compared to 73% as of December 31, 2023.

• GAAP gross margin was 78%, compared to 77% in the fourth quarter of 2023. Non-GAAP gross margin was 78%, compared to 79% in the fourth quarter of 2023.

Other Key Business Metrics

• Number of enterprise accounts was 5,884, down 2% compared to the fourth quarter of 2023.

• Average revenue per account (ARPA) of enterprise accounts was $44,458 up 9% compared to the fourth quarter of 2023.

• Revenue in the Americas grew by 4% compared to the fourth quarter of 2023.

• Revenue in EMEA grew by 5% and revenue in APAC declined by 1% compared to the fourth quarter of 2023.

.

Loss from Operations and Non-GAAP Operating Income (Loss)

• GAAP loss from operations was ($0.8) million, compared to ($5.7) million in the fourth quarter of 2023.

• Included in GAAP loss from operations was a restructuring charge of $1.2 million, including but not limited to the 2024 Restructuring.

• Non-GAAP operating income was $10.1 million, compared to $5.4 million in the fourth quarter of 2023.

Exhibit 99.1

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($2.4) million, compared to ($3.2) million in the fourth quarter of 2023.

• Non-GAAP net income was $8.4 million or 10% of revenue, compared to $7.9 million or 9% of revenue in the fourth quarter of 2023.

• GAAP basic net loss per share was ($0.03) based on 78.4 million shares of common stock, compared to ($0.04) based on 76.2 million shares of common stock in the fourth quarter of 2023.

• Non-GAAP basic net income per share was $0.11 based on 78.4 million of shares, compared to $0.10 based on 76.2 million shares in the fourth quarter of 2023.

• Non-GAAP diluted net income per share was $0.11 based on 80.1 million shares of dilutive shares, compared to $0.09 based on 83.7 million dilutive shares in the fourth quarter of 2023.

Adjusted EBITDA

• Adjusted EBITDA was $11.0 million, compared to $6.5 million in the fourth quarter of 2023.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $179.6 million as of December 31, 2024.

• For the three months ended December 31, 2024, net cash provided by operating activities was $12.4 million, compared to $13.3 million provided by operating activities for the same period in 2023. The Company reported free cash flow was $11.6 million in the three months ended December 31, 2024.

Debt

• As of December 31, 2024 the Company had $63.1 million in outstanding aggregate principal amount of its 2026 Convertible Notes, and $150.0 million in outstanding aggregate principal amount of its 2028 Convertible Notes. Subsequent to year end the Company repurchased approximately $59.0 million in principal amount of the 2026 Convertible notes for $54.0 million in cash. The Company's total outstanding debt is approximately $154.1 million.

Fiscal Year 2024 Financial Highlights:

• Total revenue was $332.9 million, up 8% compared to fiscal year 2023.

• Subscription solutions revenue was $247.9 million, up 8% compared to fiscal year 2023.

• GAAP gross margin was 77%, compared to

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Exhibit 99.1

BigCommerce Announces Third Quarter 2024 Financial Results

Third Quarter Total Revenue of $83.7 Million, an Increase of 7% Versus Prior Year. Total ARR of $347.8 Million, an Increase of 5% Versus Prior Year. Enterprise ARR of $256.9 Million, an Increase of 7% Versus Prior Year

AUSTIN, Texas – November 7, 2024 – BigCommerce Holdings, Inc. (“BigCommerce” or the “Company”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced financial results for its third quarter ended September 30, 2024.

“BigCommerce has been significantly underrepresented in the marketplace relative to the strength of our products,” said Travis Hess, CEO of BigCommerce. “Our third-quarter revenue increased 7% year-over-year, but we have the potential to do much better. As CEO, it is my top priority to reach that potential. We are making significant changes to re-accelerate growth and re-align our team to help discerning organizations solve business problems, maximize agility and optimize revenue.”

“The entire board and I are confident that Travis is the right leader to drive additional growth for BigCommerce and value for shareholders,” said Ellen Siminoff, Executive Chair of the BigCommerce Board of Directors. “He has the necessary mix of deep industry expertise, operational focus and fresh perspective on the business to reignite and bolster our growth strategy.”

Third Quarter Financial Highlights:

• Total revenue was $83.7 million, up 7% compared to the third quarter of 2023.

• Total annual revenue run-rate (“ARR”) as of September 30, 2024 was $347.8 million, up 5% compared to September 30, 2023.

• Subscription solutions revenue was $62.8 million, up 7% compared to the third quarter of 2023.

• ARR from accounts with at least one enterprise plan (collectively, “Enterprise Accounts”) was $256.9 million as of September 30, 2024, up 7% from September 30, 2023.

• ARR from Enterprise Accounts as a percent of total ARR was 74% as of September 30, 2024, compared to 72% as of September 30, 2023.

• GAAP gross margin was 76%, compared to 76% in the third quarter of 2023. Non-GAAP gross margin was 78%, compared to 77% in the third quarter of 2023.

Other Key Business Metrics

• Number of enterprise accounts was 5,892, down 1% compared to the third quarter of 2023.

• Average revenue per account (ARPA) of enterprise accounts was $43,600 up 8% compared to the third quarter of 2023.

• Revenue in the Americas grew by 6% compared to the third quarter of 2023.

• Revenue in EMEA grew by 12% and revenue in APAC grew by 9% compared to the third quarter of 2023.

.

Loss from Operations and Non-GAAP Operating Income (Loss)

• GAAP loss from operations was ($19.2) million, compared to ($22.2) million in the third quarter of 2023.

Exhibit 99.1

• Included in GAAP loss from operations was a restructuring charge of $9.9 million, including but not limited to the 2024 Restructuring (defined below).

• Non-GAAP operating income (loss) was $4.3 million, compared to ($1.2) million in the third quarter of 2023.

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($7.0) million, compared to ($20.3) million in the third quarter of 2023.

• Non-GAAP net income was $4.4 million or 5% of revenue, compared to $0.7 million or 1% of revenue in the third quarter of 2023.

• GAAP basic net loss per share was ($0.09) based on 77.9 million shares of common stock, compared to ($0.27) based on 75.4 million shares of common stock in the third quarter of 2023.

• Non-GAAP basic net income per share was $0.06 based on 77.9 million of shares, compared to $0.01 based on 75.4 million shares in the third quarter of 2023.

• Non-GAAP diluted net income per share was $0.06 based on 79.4 million shares of dilutive shares, compared to $0.01 based on 78.6 million dilutive shares in the third quarter of 2023.

Adjusted EBITDA

• Adjusted EBITDA was $5.4 million, compared to ($0.1) million in the third quarter of 2023.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $169.9 million as of September 30, 2024.

• For the nine months ended September 30, 2024, net cash provided by operating activities was $13.9 million, compared to ($37.5) million used in operating activities for the same period in 2023. The Company reported free cash flow was $11.0 million in the nine months ended September 30, 2024.

Debt

• During the quarter ended September 30, 2024, the Company exchanged approximately $161.2 million principal amount of its convertible notes due in 2026 ("2026 Convertible Notes") in exchange for $150.0 million convertible notes due in 2028 ("2028 Convertible Notes"). The 2028 Convertible Notes bear an annual interest rate of 7.50% with a conversion price of $16.00. The Company also repurchased $120.6 million principal amount of its 2026 Convertible Notes for $108.7 million of cash.

• As of Sep

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EX-99.1

Exhibit 99.1

BigCommerce Appoints Travis Hess as CEO

Current BigCommerce Board Member Ellen Siminoff Appointed Executive Chair of the Board

AUSTIN, Texas, Oct. 02, 2024 — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced the appointment of Travis Hess as CEO. Brent Bellm will no longer serve as CEO of the Company or as Chairman of the Board. The Board elected Hess as a director of the Company, to fill the vacancy created by Bellm’s departure. Current board member Ellen Siminoff will assume the role of Executive Chair of the Board, effective immediately.

Hess has a proven track record of helping businesses drive top-line growth and profitability. He joined BigCommerce as

President in May 2024 and previously held senior leadership roles at leading global commerce agencies and consultancies such as Accenture where he led the firm’s direct-to-consumer commerce offering and go-to-market strategy. While at Accenture, Travis also managed Accenture’s Shopify partnership globally. He has served on partner advisory boards for Shopify, Klaviyo, SAP/Hybris, and Rackspace and was recognized as one the 30 Most Influential in Ecommerce by Signifyd in 2022.

Prior to his time at Accenture, Hess was the executive vice president at The Stable, a leading omnichannel commerce agency that was acquired by Accenture, as well as the chief commercial officer and then chief executive officer of BVA, one of the most recognized global DTC and Shopify agencies, which was acquired by The Stable in December 2021.

Travis is now responsible for leading BigCommerce’s global operations and for the overall success and growth of the business.

“It’s been an amazing journey at the helm of BigCommerce, and I’m incredibly proud of everything that we have accomplished as a company over the past nine plus years,” said Brent Bellm. “There is a tremendous opportunity ahead for BigCommerce, and Travis is the perfect leader to take the company through its next phase of growth. I look forward to helping the team as we make this transition.”

“Brent has been a critical part of BigCommerce’s success and we are forever grateful for his leadership and all that he has done to push the company to where it is today,” said Ellen Siminoff. “The market has evolved tremendously over the past decade, and under Travis’ leadership, we are perfectly positioned to stay a step ahead of the competition and continuously drive value for our vast and growing customer base.”

“Brent and the entire BigCommerce team have done an incredible job building the business for nearly a decade, and I am honored to take on this new role at one of the most exciting companies in ecommerce today,” said Travis Hess. “At BigCommerce, we have an incredible base of customers, employees and partners coupled with a robust and differentiating suite of

capabilities. The opportunity ahead of us is huge and nothing short of exciting. I look forward to working side-by-side with our team to help our customers get the most out of our offerings and bring our business through its next phase of growth.”

As part of today’s release, BigCommerce reaffirms its financial guidance for the third quarter of fiscal 2024 as previously provided on August 1, 2024.

About BigCommerce

BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands and retailers of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Burrow, Coldwater Creek, Francesca’s, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “strategy, “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our financial outlook, our pl

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Exhibit 99.1

BigCommerce Announces Second Quarter 2024 Financial Results

Second Quarter Total Revenue of $81.8 Million, an Increase of 8% Versus Prior Year. Total ARR of $345.8 Million, an Increase of 4% Versus Prior Year. Enterprise ARR of $253.8 Million, an Increase of 7% Versus Prior Year

AUSTIN, Texas – August 1, 2024 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced financial results for its second quarter ended June 30, 2024.

“The second quarter delivered results consistent with our top- and bottom-line plans,” said Brent Bellm, CEO of BigCommerce. “Revenue finished just under $82 million, up over 8% year-over-year, with profitability exceeding our expectations and operating cash flow of nearly $12 million. We delivered our largest sequential growth in enterprise ARR in the last year, with improved go-to-market spending efficiency. We launched several notable brands and retailers on BigCommerce, including The RealReal, Quicken, and Andertons Music Co., plus brands like Patagonia, Melissa & Doug, and Dooney & Bourke on Feedonomics. We see tremendous upside in the business, and these second quarter results highlight our progress and our customers’ success using the platform.”

Second Quarter Financial Highlights:

• Total revenue was $81.8 million, up 8% compared to the second quarter of 2023. Total annual revenue run-rate (ARR) as of June 30, 2024 was $345.8 million, up 4% compared to June 30, 2023.

• Subscription solutions revenue was $61.8 million, up 10% compared to the second quarter of 2023.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $253.8 million as of June 30, 2024, up 7% from June 30, 2023.

• ARR from Enterprise Accounts as a percent of total ARR was 73% as of June 30, 2024, compared to 71% as of June 30, 2023.

• GAAP gross margin was 76%, compared to 75% in the second quarter of 2023. Non-GAAP gross margin was 77%, compared to 77% in the second quarter of 2023.

Other Key Business Metrics

• Number of enterprise accounts was 5,961, up 1% compared to the second quarter of 2023.

• Average revenue per account (ARPA) of enterprise accounts was $42,576 up 7% compared to the second quarter of 2023.

• Revenue in the Americas grew by 9% compared to the second quarter of 2023.

• Revenue in EMEA grew by 7% and revenue in APAC grew by 9% compared to the second quarter of 2023.

.

Loss from Operations and Non-GAAP Operating Income (Loss)

• GAAP loss from operations was ($13.5) million, compared to ($20.9) million in the second quarter of 2023.

• Included in GAAP loss from operations was a restructuring charge of $2.6 million.

• Non-GAAP operating income (loss) was $1.9 million, compared to ($3.4) million in the second quarter of 2023.

Exhibit 99.1

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($11.3) million, compared to ($19.1) million in the second quarter of 2023.

• Non-GAAP net income (loss) was $4.1 million or 5% of revenue, compared to ($1.5) million or (2%) of revenue in the second quarter of 2023.

• GAAP basic net loss per share was ($0.15) based on 77.5 million shares of common stock, compared to ($0.25) based on 74.8 million shares of common stock in the second quarter of 2023.

• Non-GAAP basic net income (loss) per share was $0.05 based on 77.5 million shares of common stock, compared to ($0.02) based on 74.8 million shares of common stock in the second quarter of 2023.

Adjusted EBITDA

• Adjusted EBITDA was $3.0 million, compared to ($2.5) million in the second quarter of 2023.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $276.9 million as of June 30, 2024.

• For the six months ended June 30, 2024, net cash provided by operating activities was $8.3 million, compared to ($6.1) million used in operating activities for the same period in 2023. We reported free cash flow of $6.5 million in the six months ended June 30, 2024.

• The Company has signed an agreement to exchange approximately $161.2 million principal amount of its 2026 Convertible Notes in exchange for $150.0 million Convertible Notes due in 2028. The 2028 Convertible Notes bear an annual interest rate of 7.50% with a conversion price of $16.00.

• The Company has agreed to repurchase approximately $120.6 million principal amount of its 2026 Convertible Notes in exchange for approximately $108.7 million of cash.

Business Highlights:

Corporate Highlights

• The company received important industry recognition in our fiscal second quarter. For the second year in a row, BigCommerce scored a perfect 24 out of 24 total medals in the Paradigm B2B Combines for Digital Commerce Solutions (Enterprise and Midmarket Editions). We performed exceptionally well in the midmarket review, where we received more gold medals than any other platform.

• IDC re

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EX-99.1

Exhibit 99.1

BigCommerce Announces First Quarter 2024 Financial Results

First Quarter Total Revenue of $80.4 Million, an Increase of 12% Versus Prior Year. Total ARR of $340.1 Million, an Increase of 7% Versus Prior Year. Enterprise ARR of $248.2 Million, an Increase of 8% Versus Prior Year

AUSTIN, Texas – May 9, 2024 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced financial results for its first quarter ended March 31, 2024.

“Our first quarter results reflect a good start to the year as our total revenue exceeded $80 million, up 12% year-over-year. We also delivered strong profit improvement, with net income gaining nearly 23 points as a percent of revenue compared to last year,” said Brent Bellm, CEO of BigCommerce. “Looking forward, we anticipate additional growth momentum from our new Catalyst storefront technology, Open Source B2B Buyer Portal, and the 100+ new product releases announced as part of Next Big Thing. Our new President, Travis Hess, brings unparalleled ecommerce industry experience that will further enhance the enterprise effectiveness and customer-centricity of our sales, marketing, and professional services. Together, we aspire to set a new standard for enterprise ecommerce excellence.”

First Quarter Financial Highlights:

• Total revenue was $80.4 million, up 12% compared to the first quarter of 2023.

• Total annual revenue run-rate (ARR) as of March 31, 2024 was $340.1 million, up 7% compared to March 31, 2023.

• Subscription revenue was $61.0 million, up 13% compared to the first quarter of 2023.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $248.2 million as of March 31, 2024, up 8% from March 31, 2023.

• ARR from Enterprise Accounts as a percent of total ARR was 73% as of March 31, 2024, compared to 72% as of March 31, 2023.

• GAAP gross margin was 77%, compared to 76% in the first quarter of 2023. Non-GAAP gross margin was 78%, compared to 77% in the first quarter of 2023.

Other Key Business Metrics

• Number of enterprise accounts was 5,970, up 2% compared to the first quarter of 2023.

• Average revenue per account (ARPA) of enterprise accounts was $41,581 up 6% compared to the first quarter of 2023.

• Revenue in the Americas grew by 12% compared to the first quarter of 2023.

• Revenue in EMEA grew by 15% and revenue in APAC grew by 11% compared to the first quarter of 2023.

.

Operating Loss and Non-GAAP Operating Income (Loss)

• GAAP operating loss was ($8.2) million, compared to ($23.7) million in the first quarter of 2023.

• Non-GAAP operating income (loss) was $3.2 million, compared to ($6.4) million in the first quarter of 2023.

Exhibit 99.1

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($6.4) million, compared to ($22.1) million in the first quarter of 2023.

• Non-GAAP net income (loss) was $5.0 million or 6% of revenue, compared to ($4.9) million or (7%) of revenue in the first quarter of 2023.

• GAAP net loss per share was ($0.08) based on 76.6 million shares of common stock, compared to ($0.30) based on 74.1 million shares of common stock in the first quarter of 2023.

• Non-GAAP net income (loss) per share was $0.07 based on 76.6 million shares of common stock, compared to ($0.07) based on 74.1 million shares of common stock in the first quarter of 2023.

Adjusted EBITDA

• Adjusted EBITDA was $4.2 million, compared to ($5.5) million in the first quarter of 2023.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $266.3 million as of March 31, 2024.

• For the three months ended March 31, 2024, net cash used in operating activities was ($3.4) million, compared to ($20.8) million for the same period in 2023. We reported free cash flow of ($4.2) million.

Business Highlights:

Corporate Highlights

• The company announced the addition of Travis Hess, formerly a leading ecommerce managing director at Accenture, as its new company President. Hess brings deep ecommerce experience across the range of platform competition, and his expertise in service and implementation, ecosystem partnerships, and competitive selling and positioning will help drive BigCommerce’s go-to-market transformation and operations.

• BigCommerce revealed the winners of the sixth annual BigCommerce Global Partner Awards, recognizing top-performing partners among the company’s global network of agency and technology partners in its open ecosystem.

Product Highlights

• In conjunction with our EMEA BigSummit in April, we announced BigCommerce’s Next Big Thing, a collection of over 100 platform enhancements, new features and partner integrations, including Catalyst, our next generation storefront technology. Catalyst lowers the barrier to entry for composable commerce projects for customers and agencies. These projects

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Exhibit 99.1

BigCommerce Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Fourth Quarter Total Revenue of $84.1 Million, an Increase of 16% Versus Prior Year; Fourth Quarter GAAP Net Loss ($3.2) Million, Compared to a Loss of ($33.0) Million Versus Prior Year; Fourth Quarter Adjusted EBITDA of $6.5 Million, a 20-point Increase in Adjusted EBITDA Versus Prior Year; Operating Cash Flow of $13.3 Million

AUSTIN, Texas – February 22, 2024 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.

“One year ago, we set a goal to hit break-even on an adjusted EBITDA basis in Q4 2023. We exceeded that goal with adjusted EBITDA of $6.5 million, or approximately 8% of revenue, representing a nearly 20-point profit margin improvement in the last year,” said Brent Bellm. “In 2024, we are relentlessly focused on customer success and delivering industry-leading products and service to our customers and partners. We aspire to become the most loved ecommerce platform in the world. Our innovations in AI and the recent launch of our next generation Catalyst storefront technology demonstrate our commitment to driving performance and success for B2C and B2B brands and retailers around the world.”

“We have executed a notable financial transformation over the last several quarters,” said Daniel Lentz, CFO at BigCommerce. “In addition to the significant improvement in profitability, we have made strong progress to drive positive operating cash flow of approximately $13 million, growing to 16% of revenue in Q4. We are seeing success from our Q3 2023 restructuring and 2024 financial plan. Cross-sell results are improving, retention is improving, and we continue to see healthy competitive win rates as well. We are optimistic about our 2024 plans and are focused on driving efficient revenue growth.”

Fourth Quarter Financial Highlights:

• Total revenue was $84.1 million, up 16% compared to the fourth quarter of 2022.

• Total annual revenue run-rate (ARR) as of December 31, 2023 was $336.5 million, up 8% compared to December 31, 2022.

• Subscription revenue was $60.6 million, up 14% compared to the fourth quarter of 2022. ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $245.1 million as of December 31, 2023, up 9% from December 31, 2022.

• ARR from Enterprise Accounts as a percent of total ARR was 73% as of December 31, 2023, compared to 72% as of December 31, 2022.

• GAAP gross margin was 77%, compared to 74% in the fourth quarter of 2022. Non-GAAP gross margin was 79%, compared to 76% in the fourth quarter of 2022.

Other Key Business Metrics

• Number of enterprise accounts was 5,994, up 4% compared to the fourth quarter of 2022.

• Average revenue per account (ARPA) of enterprise accounts was $40,891, up 6% compared to the fourth quarter of 2022.

• Revenue in the Americas grew by 15% compared to the fourth quarter of 2022.

• Revenue in EMEA grew by 24% and revenue in APAC grew by 22% compared to the fourth quarter of 2022.

Exhibit 99.1

.

Operating Loss and Non-GAAP Operating Income (Loss)

• GAAP operating loss was ($5.7) million, compared to ($34.7) million in the fourth quarter of 2022.

• Non-GAAP operating income (loss) was $5.4 million, compared to ($9.4) million in the fourth quarter of 2022.

Net Income (Loss) and Earnings Per Share

• GAAP net loss was ($3.2) million, compared to ($33.0) million in the fourth quarter of 2022.

• Non-GAAP net income (loss) was $7.9 million or 9% of revenue, compared to ($7.7) million or (11%) of revenue in the fourth quarter of 2022.

• GAAP net loss per share was ($0.04) based on 76.2 million shares of common stock, compared to ($0.45) based on 73.8 million shares of common stock in the fourth quarter of 2022.

• Non-GAAP net income (loss) per share was $0.10 based on 76.2 million shares of common stock, compared to ($0.10) based on 73.8 million shares of common stock in the fourth quarter of 2022.

Adjusted EBITDA

• Adjusted EBITDA was $6.5 million, compared to ($8.6) million in the fourth quarter of 2022.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $271.3 million as of December 31, 2023.

• For the three months ended December 31, 2023, net cash used in operating activities was $13.3 million, compared to ($2.7) million for the same period in 2022. We reported free cash flow of $12.2 million

Fiscal Year 2023 Financial Highlights:

• Total revenue was $309.4 million, up 11% compared to fiscal year 2022.

• Subscription revenue was $229.3 million, up 11% compared to fiscal year 2022.

• GAAP gross margin was 76%, compared to 75% in fiscal year 2022. Non-GAAP gross margin was 78%, compared to 76% in fiscal year 2022.

Operating Loss and Non-GAAP Operating Inc

8-K

0001626450false00016264502024-01-232024-01-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 23, 2024

BigCommerce Holdings, Inc.

(Exact name of registrant as specified in charter)

Delaware

001-39423

46-2707656

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(I.R.S. Employer Identification

Number)

11305 Four Points Drive

Building II, Suite 100

Austin, Texas 78726

(Address of principal executive offices, including zip code)

(512) 865-4500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Series 1 Common Stock, $ 0.0001 par value per share

BIGC

The Nasdaq Global Market

US-DOCS\147878467.4

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

□ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section

13(a) of the Exchange Act. □

US-DOCS\147878467.4

Item 2.02 Results of Operations and Financial Condition

As of January 29, 2024, BigCommerce Holdings, Inc. (the “Company”) expects that its financial results for the three months ended December 31, 2023 will exceed the high ends of the ranges of revenue and non-GAAP operating income provided on the earnings call discussing the Company’s third quarter financial results held on November 8, 2023, with corresponding improved financial performance relative to the ranges presented for revenue and non-GAAP operating loss for the full year 2023. The Company’s financial statements for the quarter and year ended December 31, 2023 are preliminary at this time and the information set forth above is subject to change until the Company files its annual report on Form 10-K. Further details with respect to fourth quarter 2023 and full year 2023 results will be discussed in the Company’s next earnings call scheduled for Thursday, February 22, 2024.

The information contained in this Item 2.02 of the Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 23, 2024, Steven Chung, the President of the Company, informed the Company that he will be stepping down from his position as President effective as of February 16, 2024. Mr. Chung’s resignation is a result of his decision to relocate internationally for personal and professional reasons. The Company thanks Mr. Chung for his contributions, including his leadership in the Company’s recent restructuring to combine Sales, Marketing and Customer Success in one go-to-market organization intended to drive continued profitable growth and net revenue retention.

Effective as of February 16, 2024, Brent Bellm, the Company’s Chief Executive Officer, will be fulfilling the role of President on an interim basis, until a successor for Mr. Chung has been identified.

The Company has commenced a national search for a new President.

Forward-Looking Statements

This Current Report on Form 8-K (“Current Report”) contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “ma

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

BigCommerce Announces Third Quarter 2023 Financial Results

Third Quarter Total Revenue of $78.0 Million, an Increase of 8% Versus Prior Year;

Total ARR of $332.2 Million, an Increase of 9% Versus Prior Year. Enterprise ARR of $240.6 Million, an Increase of 11% Versus Prior Year

AUSTIN, Texas – November 8, 2023 – BigCommerce Holdings, Inc. (“BigCommerce” or the “Company”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its third quarter ended September 30, 2023.

“In the third quarter, BigCommerce made progress toward long-term growth and profitability,” said Brent Bellm, CEO at BigCommerce. “We were recognized for outstanding product and service by several third-party organizations including IDC, TrustRadius, and Inc. Business Media. The release of our new Invoice Portal for B2B Edition marks a major step forward for B2B ecommerce. In a challenging macroeconomic environment, we again exceeded the midpoint of our guidance for revenue and profitability. To achieve continued strong profit growth in 2024 and implement changes to our enterprise go-to-market approach, BigCommerce is restructuring our workforce by approximately 7%. This affects many outstanding team members who have contributed to our success, for which we’re grateful. This positions us for long-term profitable growth entering 2024.”

“We have made material financial progress in a number of areas in 2023,” said Daniel Lentz, CFO at BigCommerce. “We almost hit our 2023 profitability goal a full quarter ahead of plan, and we have delivered consistent, steady operating margin improvements over the last five consecutive quarters. We have also made significant improvements to the quality of our revenue and earnings results. Deferred revenue finished Q3 85% higher than the same quarter last year, and we have also seen improvements in working capital and cash generation as well. While we continue to see macroeconomic challenges in our business, I am very proud of the progress we have made thus far in 2023.”

“We are enhancing our enterprise sales, marketing and customer success capabilities to build a land-and-expand motion in strategic verticals, geographies and product use cases,” said Steven Chung, president at BigCommerce. “Going forward, the success of existing customers will be a key driver of net revenue retention and growth. By delivering measurable value after we land each new project, we will earn the right to expand to additional brands, regions and use cases across our enterprise accounts.”

Third Quarter Financial Highlights:

•

Total revenue was $78.0 million, up 8% compared to the third quarter of 2022.

•

Total annual revenue run-rate (ARR) as of September 30, 2023 was

$332.2 million, up 9% compared to September 30, 2022.

•

Subscription revenue was $58.7 million, up 10% compared to the third quarter of 2022.

•

ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $240.6 million as of September 30, 2023, up 11% from September 30, 2022.

•

ARR from Enterprise Accounts as a percent of total ARR was 72% as of September 30, 2023, compared to 71% as of September 30, 2022.

•

GAAP gross margin was 76%, unchanged from the third quarter of 2022. Non-GAAP gross margin was 77%, unchanged from the third quarter of 2022.

Other Key Business Metrics

•

Number of enterprise accounts was 5,951, up 7% compared to the third quarter of 2022.

•

Average revenue per account (ARPA) of enterprise accounts was $40,431, up 4% compared to the third quarter of 2022.

•

Revenue in the Americas grew by 7% compared to the third quarter of 2022.

•

Revenue in EMEA grew by 23% and revenue in APAC grew by 2% compared to the third quarter of 2022.

Operating Loss and Non-GAAP Operating Margin

•

GAAP operating loss was ($22.2) million, compared to ($30.6) million in the third quarter of 2022.

•

Non-GAAP operating margin was ($1.2) million, compared to ($11.5) million

in the third quarter of 2022.

Net Income (Loss) and Earnings Per Share

•

GAAP net loss was ($20.3) million, compared to ($30.3) million in the third quarter of 2022.

•

Non-GAAP net income (loss) was $686 thousand or 1% of revenue,

compared to ($11.2) million or (16%) of revenue in the third quarter of 2022.

•

GAAP net loss per share was ($0.27) based on 75.4 million shares of common stock, compared to ($0.41) based on 73.5 million shares of common stock in the third quarter of 2022.

•

Non-GAAP net income (loss) per share was $0.01 based on 75.4 million

shares of common stock, compared to ($0.15) based on 73.5 million shares of common stock in the third quarter of 2022.

Adjusted

EBITDA

•

Adjusted EBITDA was ($102) thousand, compared to ($10.5) million in the third quarter of 2022.

Cash

•

Cash, cash equivalents, restricted cash, and marketable securities totaled $266.5 million as of September 30, 2

EX-99.1

2 bigc-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

BigCommerce Announces Second Quarter 2023 Financial Results

Second Quarter Total Revenue of $75.4 Million, an Increase of 11% Versus Prior Year; Total ARR of $331.1 Million, an Increase of 12% Versus Prior Year. Enterprise ARR of $236.4 Million, an Increase of 14% Versus Prior Year.

AUSTIN, Texas – August 3, 2023 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its second quarter ended June 30, 2023.

“We hit two big milestones in the second quarter. We reached profitability on an adjusted EBITDA basis in June, and we delivered full-quarter positive free cash flow for the first time,” said Brent Bellm, CEO at BigCommerce. “We will continue the hard work required to achieve our long-term growth and profitability goals. With our recent leadership additions and product releases, I am confident we have the team, product, and execution ability to accomplish those goals.”

“Our results at the halfway point reflect progress in a number of areas,” said Daniel Lentz, CFO at BigCommerce. “Margin and cash flow improvements are notable and encouraging. The performance of the small business portion of our business has exceeded our expectations, and revenue and operating loss results have exceeded guidance. We continue to optimize for profitable growth in the midmarket and enterprise portions of our business as well.”

Second Quarter Financial Highlights:

• Total revenue was $75.4 million, up 11% compared to the second quarter of 2022.

• Total annual revenue run-rate (ARR) as of June 30, 2023 was $331.1 million, up 12% compared to June 30, 2022.

• Subscription revenue was $56.1 million, up 10% compared to the second quarter of 2022.

• ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $236.4 million as of June 30, 2023, up 14% from June 30, 2022.

• ARR from Enterprise Accounts as a percent of total ARR was 71% as of June 30, 2023, compared to 70% as of June 30, 2022.

• GAAP gross margin was 75%, compared to 75% in the second quarter of 2022. Non-GAAP gross margin was 77%, compared to 77% in the second quarter of 2022.

Other Key Business Metrics

• Number of enterprise accounts was 5,929, up 9% compared to the second quarter of 2022.

• Average revenue per account (ARPA) of enterprise accounts was $39,870, up 5% compared to the second quarter of 2022.

• Revenue in the Americas grew by 9% compared to the second quarter of 2022.

• Revenue in EMEA grew by 27% and revenue in APAC grew by 3% compared to the second quarter of 2022.

Operating Income/(Loss)

• GAAP operating loss was ($20.9) million, compared to ($39.1) million in the second quarter of 2022.

Exhibit 99.1

• Non-GAAP operating loss was ($3.4) million, compared to ($13.7) million in the second quarter of 2022.

Net Income/(Loss) and Earnings Per Share

• GAAP net loss was ($19.1) million, compared to ($39.6) million in the second quarter of 2022.

• Non-GAAP net loss was ($1.5) million or (2%) of total revenue, compared to ($14.1) million or (21%) of total revenue in the second quarter of 2022.

• GAAP net loss per share was ($0.25) based on 74.8 million weighted-average shares of common stock outstanding, compared to ($0.54) based on 73.1 million weighted-average shares of common stock outstanding in the second quarter of 2022.

• Non-GAAP net loss per share was ($0.02) based on 74.8 million weighted-average shares of common stock outstanding, compared to ($0.19) based on 73.1 million weighted-average shares of common stock outstanding in the second quarter of 2022.

Adjusted EBITDA

• Adjusted EBITDA was ($2.5) million, compared to ($12.9) million in the second quarter of 2022. Note: In comparison to prior year, results also include the removal of Other Income and Expense from Adjusted EBITDA, which was ($0.3) million for the three months ended June 30, 2022.

Cash

• Cash, cash equivalents, restricted cash, and marketable securities totaled $298.5 million as of June 30, 2023.

• For the six months ended June 30, 2023, net cash used in operating activities was ($6.1 million), compared to ($35.9) million for the same period in 2022. We reported free cash flow of ($8.2) million.

• For the three months ended June 30, 2023, operating cash flow was $14.7 million, compared to ($13.9) million for the same period in 2022. We reported free cash flow of $13.7 million.

Business Highlights:

• Corporate Highlights: BigCommerce hired technology industry veteran and experienced ecommerce sales leader Steven Chung as its president. Beginning Aug. 14, Chung will oversee BigCommerce’s sales, marketing and services organizations, consolidating the company’s go-to-market teams to fuel BigCommerce’s leadership in global ecommerce. Chung joins BigCommerce from Delphix, where, as president, he led the company’s strategic and commercial operat

EX-99

2 bigc-ex99_1.htm

EX-99.1

EX-99

Exhibit 99.1

BigCommerce Announces First Quarter 2023 Financial Results

First Quarter Total Revenue of $71.8 Million, an Increase of 9% Versus Prior Year;

Total ARR of $316.7 Million, an Increase of 13% Versus Prior Year. Enterprise ARR of $228.8 Million, an Increase of 21% Versus Prior Year.

AUSTIN, Texas – May 4, 2023 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its first quarter ended March 31, 2023.

“We’re encouraged by our start to 2023,” said Brent Bellm, CEO at BigCommerce. “In a challenging macroeconomic environment, our team delivered enterprise ARR growth of 21% year-over-year and outperformed our guidance for operating loss improvement. We laid a strong foundation for reaching profitability on an adjusted EBITDA basis in the fourth quarter while executing our plan for continued customer, product and geographic growth.”

First Quarter Financial Highlights:

● Total revenue was $71.8 million, up 9% compared to the first quarter of 2022.

● Total annual revenue run-rate (ARR) as of March 31, 2023 was $316.7 million, up 13% compared to March 31, 2022.

● Subscription revenue was $53.8 million, up 12% compared to the first quarter of 2022.

● ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $228.8 million as of March 31, 2023, up 21% from March 31, 2022.

● ARR from Enterprise Accounts as a percent of total ARR was 72% as of March 31, 2023, compared to 67% as of March 31, 2022.

● GAAP gross margin was 76%, compared to 74% in the first quarter of 2022. Non-GAAP gross margin was 77%, compared to 75% in the first quarter of 2022.

Other Key Business Metrics

● Number of enterprise accounts was 5,828, up 9% compared to the first quarter of 2022.

● Average revenue per account (ARPA) of enterprise accounts was $39,260, up 11% compared to the first quarter of 2022.

● Revenue in the Americas grew by 7% compared to the first quarter of 2022.

● Revenue in EMEA grew by 27% and revenue in APAC grew by 1% compared to the first quarter of 2022.

Operating Income/(Loss)

● GAAP operating loss was ($23.7) million, compared to ($36.2) million in the first quarter of 2022.

● Non-GAAP operating loss was ($6.4) million, compared to ($12.4) million in the first quarter of 2022.

Net Income/(Loss) and Earnings Per Share

● GAAP net loss was ($22.1) million, compared to ($37.0) million in the first quarter of 2022.

● Non-GAAP net loss was ($4.9) million or (7%) of total revenue, compared to ($13.2) million or (20%) of total revenue in the first quarter of 2022.

● GAAP net loss per share was ($0.30) based on 74.1 million weighted-average shares of common stock outstanding, compared to ($0.51) based on 72.5 million weighted-average shares of common stock outstanding in the first quarter of 2022.

● Non-GAAP net loss per share was ($0.07) based on 74.1 million weighted-average shares of common stock outstanding, compared to ($0.18) based on 72.5 million weighted-average shares of common stock outstanding in the first quarter of 2022.

Exhibit 99.1

Adjusted EBITDA

● Adjusted EBITDA was ($5.5) million, compared to ($11.6) million in the first quarter of 2022. Note: In comparison to prior year, results also include the removal of Other Income and Expense from Adjusted EBITDA, which was ($0.2) million for the three months ended March 31, 2022.

Cash

● Cash, cash equivalents, restricted cash, and marketable securities totaled $283.5 million as of March 31, 2023.

● For the three months ended March 31, 2023, net cash used in operating activities was ($20.8 million), compared to ($22.0) million for the same period in 2022. We reported free cash flow of ($21.9) million or a (31%) free cash flow margin.

● Net cash used in operating activities includes one-time effects that contributed to the difference between cash flow and Non-GAAP operating loss results, including approximately $4 million between severance related to our December restructuring and year-end bonus payments and $6 million in Q1 revenue from a payments technology partner which was paid in early April and will be reflected in Q2 operating cash flow.

Business Highlights:

• Corporate Highlights: We welcomed back Mark Adams as our senior vice president and general manager for EMEA. Adams previously led BigCommerce’s entry into the European market from 2018 to 2020 and established the team that has been driving EMEA growth since then. We announced the company’s entry into Poland, Romania, India, the UAE and South Africa with an expanded engineering team based in Poland, two partner-led entities in Eastern and Central Europe and a new country lead in South Asia. Through this expansion and localized partnership

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

BigCommerce Announces Fourth Quarter and Fiscal Year 2022 Financial Results

Fourth Quarter Total Revenue of $72.4 Million, an Increase of 12% Versus Prior Year;

Total ARR of $311.7 Million, an Increase of 16% Versus Prior Year. Enterprise ARR of $224 Million, an Increase of 30% Versus Prior Year.

AUSTIN, Texas – February 23, 2023 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.

“In a challenging year for global ecommerce, BigCommerce grew faster than the broader ecommerce industry, and our Q4 results showed strong progress in both profitability and operating cash flow. Our full-year revenue grew to $279.1 million, up 27% year-over-year,” said Brent Bellm, CEO at BigCommerce. “This strong performance in a tough economy delivered our best-ever gains in market share and global presence. BigCommerce’s 2023 plan achieves profitability in Q4 and focuses our execution on ecommerce leadership in the enterprise segment.”

Fourth Quarter Financial Highlights:

•

Total revenue was $72.4 million, up 12% compared to the fourth quarter of 2021.

•

Total annual revenue run-rate (ARR) as of December 31, 2022 was

$311.7 million, up 16% compared to December 31, 2021.

•

Subscription revenue was $53.3 million, up 14% compared to the fourth quarter of 2021.

•

ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $224 million as of December 31, 2022, up 30% from December 31, 2021.

•

ARR from Enterprise Accounts as a percent of total ARR was 72% as of December 31, 2022, compared to 64% as of December 31, 2021.

•

GAAP gross margin was 74%, compared to 74% in the fourth quarter of 2021. Non-GAAP gross margin was 76%, compared to 76% in the fourth quarter of 2021.

Other Key Business Metrics

•

Number of enterprise accounts was 5,786, up 15% compared to the fourth quarter of 2021.

•

Average revenue per account (ARPA) of enterprise accounts was $38,708, up 13% compared to the fourth quarter of 2021.

•

Revenue in the Americas grew by 12% compared to the fourth quarter of 2021.

•

Revenue in EMEA grew by 22% and revenue in APAC declined by 6% compared to the fourth quarter of 2021.

Operating Income/(Loss)

•

GAAP operating loss was ($34.7) million, compared to ($33.8) million in the fourth quarter of 2021.

•

Non-GAAP operating loss was ($9.4) million, compared to ($11.6) million

in the fourth quarter of 2021.

Net Income/(Loss) and Earnings Per Share

•

GAAP net loss was ($33.0) million, compared to ($34.2) million in the fourth quarter of 2021.

•

Non-GAAP net loss was ($7.7) million or (11%) of total revenue,

compared to ($12.1) million or (19%) of total revenue in the first quarter of 2021.

•

GAAP net loss per share was ($0.45) based on 73.8 million weighted-average shares of common stock outstanding, compared to ($0.48) based on 72.0 million weighted-average shares of common stock outstanding in the fourth quarter of 2021.

•

Non-GAAP net loss per share was ($0.10) based on 73.8 million

weighted-average shares of common stock outstanding, compared to ($0.17) based on 72.0 million weighted-average shares of common stock outstanding in the fourth quarter of 2021.

Adjusted EBITDA

•

Adjusted EBITDA was ($8.6) million, compared to ($10.9) million in the fourth quarter of 2021. Note: In comparison to prior year, results also include the removal of Other Income and Expense from Adjusted EBITDA, which was $0.6 million for the three months ended December 31, 2022.

Cash

•

Cash, cash equivalents, restricted cash, and marketable securities totaled $305.0 million as of December 31, 2022.

•

For the three months ended December 31, 2022, net cash used in operating activities was ($2.7 million), compared to ($8.8) million for the same period in 2021. We reported free cash flow of ($3.7) million or a (5%) free cash flow margin.

•

For the twelve months ended December 31, 2022, net cash used in operating activities was ($89.4) million, compared to ($40.3) million for the same period in 2021.

•

For the twelve months ended December 31, 2022, free cash flow was ($94.6) million, compared to ($43.6) million for the same period in 2021.

•

Included in our 2022 operating cash flow and free cash flow was the first annual payment to Feedonomics of $32.5M related to the contingent compensation arrangements entered into in connection with the 2021 acquisition.

Fiscal Year 2022 Financial Highlights:

•

Total revenue was $279.1 million, up 27% compared to fiscal year 2021.

•

Subscription revenue was $205.8 million, up 33% compared to fiscal year 2021.

•

GAAP gross margin was 75%, compared to 78% in fiscal year 2021. Non-GAAP gross margin was 76%, compared to 79% in fiscal year 2021.

Operating Income/(Loss)

•

GAAP operating loss was

EX-99.1

2 bigc-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

BigCommerce Announces Third Quarter 2022 Financial Results

Third Quarter Total Revenue of $72.4 Million, an Increase of 22% Versus Prior Year; Total ARR of $305.3 Million, an Increase of 20% Versus Prior Year

AUSTIN, Texas – November 3, 2022 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its third quarter ended September 30, 2022.

“BigCommerce’s third quarter growth continued to outpace that of global ecommerce,” said Brent Bellm, CEO at BigCommerce. “We released important new enterprise product capabilities, launched stores for prominent brands around the world, and announced our omnichannel certified partner program. In the current challenging macroeconomic picture, BigCommerce powers ecommerce success and innovation for businesses at all stages of growth.”

Third Quarter Financial Highlights:

● Total revenue was $72.4 million, up 22% compared to the third quarter of 2021.

● Total annual revenue run-rate (ARR) as of September 30, 2022 was $305.3 million, up 20% compared to September 30, 2021.

● Subscription revenue was $53.2 million, up 26% compared to the third quarter of 2021.

● Subscription ARR as of September 30, 2022 was $233.1 million, up 21% compared to September 30, 2021.

● Partner and services revenue was $19.2 million, up 12% compared to September 30, 2021.

● ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $216.2 million as of September 30, 2022, up 35% from September 30, 2021.

● ARR from Enterprise Accounts as a percent of total ARR was 71% as of September 30, 2022, compared to 63% as of September 30, 2021.

● GAAP gross margin was 76%, compared to 79% in the third quarter of 2021. Non-GAAP gross margin was 77%, compared to 80% in the third quarter of 2021.

Third Quarter Financials:

Other Key Business Metrics

● Number of enterprise accounts was 5,560, up 16% compared to the third quarter of 2021.

● Average revenue per account (ARPA) of enterprise accounts was $38,885, up 17% compared to the third quarter of 2021.

● Revenue in the Americas grew by 23% compared to the third quarter of 2021.

● Revenue in EMEA grew by 31% and revenue in APAC grew by 2% compared to the third quarter of 2021.

Operating Income/(Loss)

● GAAP operating loss was ($30.6) million, compared to ($21.3) million in the third quarter of 2021.

● Non-GAAP operating loss was ($11.5) million, compared to ($3.8) million in the third quarter of 2021.

Net Income/(Loss) and Earnings Per Share

● GAAP net loss was ($30.3) million, compared to ($21.7) million in the third quarter of 2021.

● Non-GAAP net loss was ($11.2) million or (16%) of total revenue, compared to ($4.2) million or (7%) of total revenue in the third quarter of 2021.

● GAAP net loss per share was ($0.41) based on 73.5 million weighted-average shares of common stock outstanding, compared to ($0.30) based on 71.4 million weighted-average shares of common stock outstanding in the third quarter of 2021.

● Non-GAAP net loss per share was ($0.15) based on 73.5 million weighted-average shares of common stock outstanding, compared to ($0.06) based on 71.4 million weighted-average shares of common stock outstanding in the third quarter of 2021.

Exhibit 99.1

Adjusted EBITDA

● Adjusted EBITDA was ($10.9) million, compared to ($3.1) million in the third quarter of 2021.

Cash

● Cash, cash equivalents and marketable securities totaled $308.1 million as of September 30, 2022.

● For the nine months ended September 30, 2022, net cash used in operating activities was ($86.7) million, compared to ($31.5) million for the same period in 2021.

● For the nine months ended September 30, 2022, free cash flow was ($90.9) million, which includes $32.5 million paid during the quarter as part of the Feedonomics first anniversary acquisition related payment. This compares to ($33.8) million for the same period in 2021.

Business Highlights:

• Corporate Highlights: In Q3, BigCommerce continued its international expansion with the addition of Austria, Denmark, Norway and Sweden. We successfully completed SOC 1 Type 2 and SOC 2 Type 2 compliance audits and obtained corresponding attestation reports, demonstrating commitment to protecting our customers’ sensitive and valuable information. These certifications are very important to enterprise merchants and will ultimately allow us to compete in more deals. We also hired Rosie Rivel to be the company’s first CIO, leading BigCommerce’s business applications and information technology teams with the objective of transforming internal technology systems to improve productivity, efficiency and effectiveness to the benefit of the company’s customers

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

BigCommerce Announces Second Quarter 2022 Financial Results

Second Quarter Total Revenue of $68.2 Million, an Increase of 39% Versus Prior Year;

Total ARR of $296.0 Million, an Increase of 41% Versus Prior Year

AUSTIN, Texas – August 4, 2022 – BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, today announced financial results for its second quarter ended June 30, 2022.

“Our overall growth continued at a strong pace in the second quarter, and equally encouraging is the external recognition we are gaining as the world’s most modern enterprise ecommerce platform,” said Brent Bellm, CEO at BigCommerce. “Our ARR from enterprise accounts grew 68% year-over-year, and enterprise ARR as a percentage of total ARR was 70%, compared to 59% a year ago. In addition, we delivered the biggest sequential growth in subscription ARR in our history, excluding the quarter of the Feedonomics acquisition. We are landing bigger deals with bigger merchants and remain on a solid path toward long-term growth.”

Second Quarter Financial Highlights:

•

Total revenue was $68.2 million, up 39% compared to the second quarter of 2021.

•

Total annual revenue run-rate (ARR) as of June 30, 2022 was

$296.0 million, up 41% compared to June 30, 2021.

•

Subscription revenue was $51.3 million, up 51% compared to the second quarter of 2021.

•

Subscription ARR as of June 30, 2022 was $225.8 million, up 48% compared to June 30, 2021.

•

Partner and services revenue was $16.9 million, up 12% compared to June 30, 2021.

•

ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $206.6 million as of June 30, 2022, up 68% from June 30, 2021.

•

ARR from Enterprise Accounts as a percent of total ARR was 70% as of June 30, 2022, compared to 59% as of June 30, 2021.

•

GAAP gross margin was 75%, compared to 79% in the second quarter of 2021. Non-GAAP gross margin was 77%, compared to 80% in the second quarter of 2021.

Second Quarter Financials:

Other Key Business Metrics

•

Number of enterprise accounts was 5,418, up 38% compared to the second quarter of 2021.

•

Average revenue per account (ARPA) of enterprise accounts was $38,133, up 22% compared to the second quarter of 2021.

•

Revenue in the Americas grew by 41% compared to the second quarter of 2021.

•

Revenue in EMEA grew by 42% and revenue in APAC grew by 18% compared to the second quarter of 2021.

Operating Income/(Loss)

•

GAAP operating loss was ($39.1) million, compared to ($12.3) million in the second quarter of 2021.

•

Non-GAAP operating loss was ($13.7) million, compared to ($4.2) million

in the second quarter of 2021.

Net Income/(Loss) and Earnings Per Share

•

GAAP net loss was ($39.6) million, compared to ($12.2) million in the second quarter of 2021.

•

Non-GAAP net loss was ($14.1) million or (21%) of total revenue, compared

to ($4.2) million or (9%) of total revenue in the second quarter of 2021.

•

GAAP net loss per share was ($0.54) based on 73.1 million weighted-average shares of common stock outstanding, compared to ($0.17) based on 70.6 million weighted-average shares of common stock outstanding in the second quarter of 2021.

•

Non-GAAP net loss per share was ($0.19) based on 73.1 million

weighted-average shares of common stock outstanding, compared to ($0.06) based on 70.6 million weighted-average shares of common stock outstanding in the second quarter of 2021.

Adjusted EBITDA

•

Adjusted EBITDA was ($13.2) million, compared to ($3.5) million in the second quarter of 2021.

Cash

•

Cash, cash equivalents and marketable securities totaled $360.0 million as of June 30, 2022.

•

For the six months ended June 30, 2022, net cash used in operating activities was ($35.9) million, compared to ($17.4) million for the same period in 2021.

•

For the six months ended June 30, 2022, free cash flow was ($39.3) million, compared to ($19.1) million for the same period in 2021.

Business Highlights:

•

Corporate Highlights:

•

We launched our formal European presence in Austria, Denmark, Norway and Sweden, and our Latin American presence in Peru. With its latest expansions and fully localized tech and agency partner ecosystem, BigCommerce will enable merchants of all sizes and complexities to build and scale their online businesses to deliver seamless shopping experiences to local and cross-border customers and drive revenue.

•

We received high honors as a top solution in both the 2022 Paradigm B2B Combine (Midmarket Edition) and 2022 Paradigm B2B Combine (Enterprise Edition) with 22 out of 24 total medals, surpassing previous analyst evaluations for the third consecutive year. BigCommerce exceeded last year’s analyst evaluations by six medals and was awarded an exceptional rating (Gold) for Total Cost of Ownership and Partner Ecosystem.

•

We were named a Strong Performer