Bigcommerce Holdings Inc ( (BIGC) ) has released its Q1 earnings. Here is a breakdown of the information Bigcommerce Holdings Inc presented to its investors.
BigCommerce Holdings Inc. is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers, and distributors to build and grow their businesses online with professional-grade functionality and ease of use. The company serves tens of thousands of B2C and B2B companies across 150 countries.
In its first quarter of 2025, BigCommerce reported a total revenue of $82.4 million, marking a 3% increase from the previous year. The company also noted a 3% increase in its total annual revenue run-rate (ARR) to $350.8 million, with enterprise ARR rising by 6% to $263.8 million. CEO Travis Hess highlighted the company’s strategic transformation efforts and leadership changes aimed at reaccelerating growth.
Key financial highlights include a GAAP gross margin improvement to 79% from 77% and a non-GAAP gross margin increase to 80% from 78%. The company reported a non-GAAP operating income of $7.6 million, up from $3.2 million in the previous year, and a non-GAAP net income of $5.7 million, representing 7% of revenue. Despite a slight decline in the number of enterprise accounts, the average revenue per account increased by 9%.
BigCommerce also announced several strategic initiatives, including leadership appointments and product enhancements, such as updates to its Catalyst storefront technology and B2B product enhancements. The company strengthened its partnerships, notably with Klarna and Silk Commerce, to enhance its ecommerce offerings and expand its market reach.
Looking ahead, BigCommerce expects its second-quarter revenue to range between $82.5 million and $83.5 million, with a full-year revenue forecast of $335.1 million to $351.1 million. The company remains focused on strategic growth and innovation to drive its long-term success in the competitive ecommerce landscape.