BigCommerce Results Presentation Deck
Non-GAAP reconciliation
Figures in thousands
Gross Profit
GAAP Gross Profit
Stock-based Compensation (¹)
Non-GAAP Gross Profit
Non-GAAP Gross Margin
Sales & Marketing
GAAP S&M Expense
Stock-based Compensation (¹)
Non-GAAP S&M Expense
Non-GAAP S&M as % of Revenue
Research & Development
GAAP R&D Expense
Stock-based Compensation (¹)
Non-GAAP R&D Expense
Non-GAAP R&D as a % of Revenue
General & Administrative
GAAP G&A Expense
Stock-based Compensation (¹)
Non-GAAP G&A Expense
Non-GAAP G&A as % of Revenue
Operating Loss
GAAP Operating Loss
Stock-based Compensation (¹)
Acquisition Related Expenses
Restructuring Charges
Amortization of Intangible Assets
Non-GAAP Operating Loss
Non-GAAP Operating Margin
Q1'21
$37,410
415
$37,825
81%
$21,960
1,913
$20,047
43%
$13,535
1,267
$12,268
26%
$10,457
1,824
$8,633
19%
($8,542)
5,419
($3,123)
(7%)
Q2'21 Q3'21
$38,828 $46,882
545
$39,373
80%
$23,676
2,461
$21,215
43%
$14,725
1,526
$13,199
27%
$11,591
2,405
$9,186
19%
($12,271)
$6,937
1,107
($4,227)
(9%)
310
$47,192
80%
$27,438
2,192
$25,246
43%
$13,033
2,167
$ 10,866
18%
$16,532 $19,755 $64,547 $20,944
1,624
1,753
6,170
2,563
$14,908 $18,003 $58,377 $18,381
25%
28%
27%
28%
($21,315)
$6,293
9,792
Q4'21
2021
Q1'22
$48,256 $171,376 $48,947
852
2,122
868
$49,108 $173,498 $49,815
76%
79%
75%
1,402
($3,828)
(6%)
$16,263 $51,344
2,454
8,850
$13,809 $42,495
21%
19%
$31,771 $104,845 $33,639 $36,033 $35,973 $35,697 $141,342 $34,052
2,828
9,394
2,975 3,567 3,254
3,757 13,553 2,867
$28,943 $95,451 $30,664 $32,466 $32,719 $31,940 $127,789 $31,185
45%
46%
48%
45%
44%
46%
43%
43%
$15,846
2,702
$13,144
20%
($33,815) ($75,943) ($36,179)
7,887 26,535
9,108
12,400 23,299
12,660
1,882
3,284
($11,647) ($22,825)
(18%) (10%)
Q2'22
Q3'22
$51,343 $54,866
987
1,091
$52,330 $55,957
77%
77%
2,037
($12,374)
(19%)
$22,394
3,042
$19,352
28%
$17,526
3,338
$14,188
21%
($39,140)
10,934
12,521
$22,245 $22,669 $88,253
3,144
3,639 12,388
$19,101 $19,030 $75,865
26%
26%
27%
$18,932
3,296
$15,636
22%
Q4'22
2022
$53,939 $209,095
1,280 4,226
$55,219 $213,321
76%
76%
($30,560)
10,785
6,260
2,016
2,009
($13,676) ($11,499)
(20%) (16%)
$17,137 $69,441
3,483 12,819
$13,654 $56,622
19%
20%
($34,687) ($140,567)
12,159
42,986
3,775
35,216
7,332
7,332
2,016
8,078
($9,405) ($46,955)
(13%)
(17%)
Q1'23
$54,311
1,189
$55,500
77%
(1) Includes payroll tax associated with stock-based compensation expense.
Note: In Q1 2023, we reclassified certain costs that we had previously included in general and administrative expense into sales and marketing expense. To maintain consistency between
comparable periods, the equivalent change has been applied to prior periods. This change in classification had no effect on the reported results of our operations or cash flow.
$20,845
3,503
$17,342
24%
$16,494
3,079
$13,415
19%
($23,658)
10,638
4,125
420
2,033
($6,442)
(9%)
38View entire presentation