BigCommerce Holdings, Inc. reported a revenue of $82.4 million for the first quarter of 2025, reflecting a 2.5% increase from $80.4 million in the same period last year. The growth was driven by a rise in both subscription solutions and partner services revenue, with subscription solutions increasing by 1.9% to $62.1 million and partner services revenue rising by 4.4% to $20.3 million. The company recorded a net loss of $353,000, a significant improvement compared to a net loss of $6.4 million in the prior year, indicating a narrowing of losses as operational efficiencies took effect.
In terms of operational metrics, BigCommerce served 5,825 enterprise accounts as of March 31, 2025, a slight decrease from 5,884 accounts at the end of 2024. The company’s annual revenue run-rate (ARR) attributable to these enterprise accounts was approximately $263.8 million, representing 75% of total ARR. The average revenue per account (ARPA) also increased to $45,290, up from $44,458 in the previous quarter. The company’s gross profit margin improved to 79.4%, up from 77.1% a year earlier, primarily due to a reduction in cost of revenue, which decreased by 7.9% to $17 million.
Strategically, BigCommerce has been focusing on enhancing its product offerings and expanding its market presence. The company recently launched a beta version of its self-serve Feedonomics platform and plans to introduce BigCommerce Payments in 2026, aimed at small and medium-sized businesses. Additionally, the company is leveraging artificial intelligence to enhance customer engagement and operational efficiency. In October 2023, BigCommerce acquired Makeswift, a brand and commerce site builder, which is expected to bolster its product suite.
The company’s financial position showed a decrease in cash and cash equivalents, totaling $52.1 million as of March 31, 2025, down from $88.9 million at the end of 2024. This decline was attributed to significant cash outflows related to the repayment of convertible notes and restructuring costs. BigCommerce's total liabilities decreased to $248.2 million from $306.9 million, largely due to the extinguishment of convertible notes. The company anticipates continued investment in its core offerings and strategic initiatives to drive growth while maintaining a focus on profitability.
Looking ahead, BigCommerce remains optimistic about its growth trajectory, emphasizing its commitment to enhancing its platform and expanding its customer base. The company plans to continue investing in product development and strategic partnerships to capture additional market share, despite potential macroeconomic challenges such as shifting trade policies and inflationary pressures.
About BigCommerce Holdings, Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.