The earnings call highlighted positive revenue growth and strategic investments in leadership and AI capabilities. However, challenges remain with declining enterprise accounts and moderate future growth expectations. The company's operational performance has been acknowledged as needing improvement, prompting significant restructuring efforts.

Company Guidance

During the BigCommerce Q3 2024 earnings call, the company provided guidance for Q4 and the full year of 2024. BigCommerce expects Q4 revenue to range between $85.8 million and $87.8 million, reflecting a year-over-year growth of 2% to 4%. For the full year 2024, the company anticipates revenue to be between $331.7 million and $333.7 million, indicating growth of approximately 7% to 8%. Non-GAAP operating income for Q4 is projected to be between $4.4 million and $6.4 million, while for the full year, it is expected to be between $13.8 million and $15.8 million. The company mentioned an early read perspective for 2025, planning for mid-single-digit growth rates and expects growth rates to ramp modestly throughout the year, with Q4 2024 growth serving as a floor for future planning. Additionally, BigCommerce aims to double its sales capacity in 2025, contributing to its long-term strategy of achieving a balanced Rule of 40 framework, targeting sustainable and profitable growth.

Revenue Growth

Total revenue for Q3 2024 was just under $84 million, up 7% year-over-year. Subscription revenue grew 7% year-over-year to approximately $63 million, while partner and services revenue increased 8% year-over-year to just under $21 million.

Non-GAAP Operating Income Improvement

Q3 non-GAAP operating income was just over $4 million compared to a loss of $1 million in the same period last year, reflecting a year-over-year improvement of 700 basis points in non-GAAP operating margin.

Operational Strategy and Leadership

New leadership appointments and strategic organizational changes were made to scale efficiently and be more agile, including bringing in industry veterans and restructuring the go-to-market approach.

AI Capabilities Expansion

The company plans significant investments to advance AI capabilities across its product suite with a focus on enhancing revenue generation, operational agility, and cost savings.

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BigCommerce Holdings (BIGC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BIGC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	0.07 / -	0.09	―	―	―
Nov 07, 2024	2024 (Q3)	0.03 / 0.06	0.01	500.00% (+0.05)
Aug 01, 2024	2024 (Q2)	0.03 / 0.05	-0.02	350.00% (+0.07)
May 09, 2024	2024 (Q1)	0.04 / 0.07	-0.07	200.00% (+0.14)
Feb 22, 2024	2023 (Q4)	0.05 / 0.09	-0.1	190.00% (+0.19)
Nov 08, 2023	2023 (Q3)	-0.03 / 0.01	-0.15	106.67% (+0.16)
Aug 03, 2023	2023 (Q2)	-0.09 / -0.02	-0.19	89.47% (+0.17)
May 04, 2023	2023 (Q1)	-0.11 / -0.07	-0.18	61.11% (+0.11)
Feb 23, 2023	2022 (Q4)	-0.19 / -0.10	-0.17	41.18% (+0.07)
Nov 03, 2022	2022 (Q3)	-0.21 / -0.15	-0.06	-150.00% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BIGC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$5.69	$6.27	+10.19%
Aug 01, 2024	$8.10	$6.84	-15.56%
May 09, 2024	$6.69	$7.53	+12.56%
Feb 22, 2024	$8.25	$8.25	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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