BigCommerce Holdings, Inc. – Series 1

Description

BigCommerce Holdings, Inc. operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the Asia–Pacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services. It serves stores in various sizes, product categories, and purchase types, such as business-to-business and business-to-consumer. The company was founded in 2009 and is headquartered in Austin, Texas.

About

CEO
Mr. Christopher Travis Hess
Employees
1,321
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNMS
Address
11305 Four Points Drive, Austin, TX 78726, United States
Phone
512 865 4500
Website
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Jul 30, 2025
May 7, 2025
Feb 20, 2025 0.07
Nov 7, 2024 0.02 0.06 0.04 200.00%

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 10 11
Average estimate 0.05 0.28
Low estimate 0.03 0.15
High estimate 0.09 0.50
Last year EPS 0.07 0.24
[stock_revenue_estimate]

Growth estimates

Current qtr
-26.230%
Next qtr. (Mar 2025)
-22.140%
Current year
695.070%
Next year (Dec 2025)
18.850%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 10, 2025
Barclays
Raimo Lenschow
Downgrade Underweight ▼ Lowers $8 → $7
Dec 9, 2024
Needham
Scott Berg
Reiterates Buy Maintains $10
Dec 6, 2024
Barclays
Ramsey El-Assal
Maintains Equal-Weight ▲ Raises $7 → $8
Oct 3, 2024
Stifel
Parker Lane
Maintains Buy ▼ Lowers $10 → $8
Oct 3, 2024
Needham
Scott Berg
Reiterates Buy Maintains $14
Aug 29, 2024
B of A Securities
Koji Ikeda
Maintains Underperform ▼ Lowers $8 → $6
Aug 28, 2024
Needham
Scott Berg
Reiterates Buy Maintains $14
Aug 5, 2024
Barclays
Ramsey El-Assal
Maintains Equal-Weight ▼ Lowers $8 → $7
Aug 2, 2024
Needham
Scott Berg
Reiterates Buy Maintains $14
May 10, 2024
Barclays
Ramsey El-Assal
Maintains Equal-Weight ▲ Raises $7 → $8
May 10, 2024
Needham
Scott Berg
Reiterates Buy Maintains $14
Apr 17, 2024
Morgan Stanley
Keith Weiss
Maintains Equal-Weight ▼ Lowers $10 → $8
Apr 15, 2024
Barclays
Raimo Lenschow
Maintains Equal-Weight ▼ Lowers $10 → $7
Mar 25, 2024
B of A Securities
Koji Ikeda
Downgrade Underperform ▼ Lowers $11 → $7.5
Feb 23, 2024
Truist Securities
Terry Tillman
Maintains Hold ▼ Lowers $10 → $9
Feb 23, 2024
Piper Sandler
Clarke Jeffries
Maintains Neutral ▼ Lowers $11 → $9
Feb 5, 2024
Goldman Sachs
Gabriela Borges
Downgrade Neutral ▼ Lowers $11.5 → $9.5
Jan 30, 2024
Needham
Scott Berg
Reiterates Buy Maintains $20
Nov 27, 2023
Needham
Scott Berg
Reiterates Buy Maintains $20
Nov 16, 2023
Piper Sandler
Clarke Jeffries
Reiterates Neutral Maintains $11
Nov 10, 2023
Goldman Sachs
Gabriela Borges
Maintains Buy ▼ Lowers $13 → $11.5
Nov 9, 2023
Truist Securities
Terry Tillman
Maintains Hold ▼ Lowers $12 → $10
Nov 9, 2023
Needham
Scott Berg
Reiterates Buy Maintains $20
Sep 22, 2023
UBS
Chris Kuntarich
Initiates Neutral Announces $12
Aug 7, 2023
Truist Securities
Terry Tillman
Maintains Hold ▲ Raises $8 → $12
Aug 7, 2023
Barclays
Raimo Lenschow
Maintains Equal-Weight ▲ Raises $10 → $12
Aug 7, 2023
Piper Sandler
Clarke Jeffries
Maintains Neutral ▲ Raises $9 → $11
Aug 4, 2023
Morgan Stanley
Keith Weiss
Reiterates Equal-Weight Maintains $10
Aug 4, 2023
Barclays
Raimo Lenschow
Maintains Equal-Weight ▲ Raises $10 → $12
Aug 4, 2023
Needham
Scott Berg
Reiterates Buy Maintains $20

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 309.39M 279.08M 219.86M 152.37M 112.10M
Cost of revenue 74.20M 69.98M 48.48M 34.13M 27.02M
Gross profit 235.19M 209.10M 171.38M 118.24M 85.08M
Operating expense
Research & development 83.46M 88.25M 64.55M 48.33M 43.12M
Selling general and admin 199.07M 210.78M 156.19M 108.61M 82.94M
Other operating expenses
Operating income -55.76M -98.02M -52.64M -38.70M -40.99M
Non operating interest income
Income 11.49M 4.20M 130,000 31,000 245,000
Expense 908,000 868,000 254,000 3.10M 1.61M
Other income expense -17.52M -42.78M -23.37M 4.23M -208,000
Pretax income -64.67M -139.42M -76.71M -37.54M -42.56M
Tax provision 495,000 -34,000 25,000 28,000
Net income -64.67M -139.92M -76.68M -37.56M -42.59M
Basic EPS -0.86 -1.91 -1.08 -0.99 -0.88
Diluted EPS -0.86 -1.91 -1.08 -0.99 -0.88
Basic average shares 75.14M 73.23M 70.93M 39.09M 56.90M
Diluted average shares 75.14M 73.23M 70.93M 39.09M 56.90M
EBITDA -34.60M -84.59M -47.01M -35.76M -38.38M
Net income from continuing op. -64.67M -139.92M -76.68M -37.56M -42.59M
Minority interests
Preferred stock dividends -1.09M

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 444.06M 474.06M 555.46M 276.63M 56.06M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 71.72M 91.57M 297.56M 219.45M 7.80M
Other short term investments 198.42M 211.94M 102.32M
Accounts receivable 37.71M 35.07M 39.81M 22.89M 15.55M
Other receivables
Inventory
Prepaid assets 9.71M 8.00M 5.30M
Restricted cash 1.13M 1.46M 1.14M 1.16M 1.36M
Assets held for sale
Hedging assets
Other current assets 24.73M 28.03M 9.71M 8.00M 5.30M
Non current assets
Properties 4.41M 5.89M 9.52M 11.84M 14.07M
Land and improvements
Machinery furniture equipment 23.91M 18.87M 13.98M 12.66M 10.80M
Construction in progress
Leases 6.39M 6.35M 6.23M 7.94M 7.83M
Accumulated depreciation -20.07M -16.14M -12.78M -13.49M -10.40M
Goodwill 131.22M 127.08M 119.90M
Investment properties
Financial assets
Intangible assets 27.05M 27.58M 35.03M
Investments and advances
Other non current assets 7.06M 7.51M 6.50M 3.59M 2.09M
Total liabilities 418.53M 428.38M 417.17M 59.87M 313.37M
Current liabilities
Accounts payable 7.98M 7.01M 8.21M 5.79M 3.88M
Accrued expenses 15.73M 16.27M 20.26M 21.60M 11.98M
Short term debt 3.09M 2.61M 2.65M 3.17M 5.08M
Deferred revenue 32.24M 17.78M 12.75M 11.41M 9.40M
Tax payable 1.63M 1.89M 679,000 814,000 551,000
Pensions
Other current liabilities 10.07M 33.23M 18.26M 3.11M 3.03M
Non current liabilities
Long term debt 347.22M 347.51M 345.75M 12.67M 54.21M
Provision for risks and charges
Deferred liabilities
Derivative product liabilities
Other non current liabilities 551,000 2.09M 7.25M
Shareholders equity
Common stock 7,000 7,000 7,000 7,000 2,000
Retained earnings -594.66M -529.99M -390.07M -313.39M -274.55M
Other shareholders equity 163,000 -1.20M -191,000
Total shareholders equity 25.53M 45.67M 138.29M 216.76M -257.30M
Additional paid in capital 620.02M 576.85M 528.54M 530.14M 17.24M
Treasury stock
Minority interest

Cash flow statement

202320222021202020192018
Operating Activities
Net Income-64.67M-139.92M-76.68M-37.56M-42.59M-38.88M
Depreciation12.48M11.42M6.15M3.08M2.57M1.84M
Deferred Taxes
Stock-Based Compensation41.19M42.33M25.42M11.06M3.16M2.07M
Other Non-Cash Items2.14M1.96M574,000774,00054,00049,000
Accounts Receivable-3.88M-20.34M-17.28M-9.31M-6.30M-4.63M
Accounts Payable962,000-1.20M2.14M1.91M-1.58M291,000
Other Assets & Liabilities10.43M1.84M-2.13M-574,000-2.58M6.45M
Operating Cash Flow-1.35M-103.90M-61.80M-30.62M-47.27M-32.80M
Investing Activities
Capital Expenditures-4.18M-5.20M-3.30M-1.96M-5.58M-3.33M
Net Intangibles
Net Acquisitions-7.89M-696,000-81.07M
Purchase of Investments-228.28M-214.18M-107.01M-33.57M
Sale of Investments243.17M103.55M4.50M23.45M10.38M
Investing Cash Flow2.82M-116.53M-186.88M-1.96M17.87M-26.52M
Financing Activities
Long-Term Debt Issuance1.08M345.00M41.86M18.50M4.50M
Long-Term Debt Payments-394,000-28.62M-2.05M-4.50M
Other Financing Charges-3.29M-45.61M
Financing Cash Flow-2.61M299.39M236.67M16.45M63.63M
Other Cash Details
End Cash Position72.85M93.03M298.70M220.61M9.15M13.90M
Income Tax Paid583,00032,000
Interest Paid894,000903,0002.29M1.63M1.25M
Free Cash Flow-28.42M-94.55M-43.60M-28.49M-45.55M-33.92M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Vanguard Total Stock Market Index Fund Sep 30, 2024 2,115,072 13.71M 2.70%
iShares Russell 2000 ETF Nov 30, 2024 1,992,117 12.91M 2.54%
Vanguard Information Technology Index Fund Nov 30, 2024 1,503,663 9.74M 1.92%
Franklin Strategic Series-Franklin Small Cap Growth Fund Oct 31, 2024 1,434,010 9.29M 1.83%
Wasatch Ultra Growth Fund Sep 30, 2024 1,390,245 9.01M 1.77%
Legg Mason Glb Asset Mgt Tr-Clearbridge Small Cap Fd Oct 31, 2024 1,086,800 7.04M 1.39%
Vanguard Extended Market Index Fund Sep 30, 2024 1,068,714 6.93M 1.36%
WisdomTree Tr-WisdomTree Cloud Computing Fd Sep 30, 2024 1,020,403 6.61M 1.30%
Vanguard Explorer Fund, Inc. Oct 31, 2024 1,000,482 6.48M 1.28%
Vanguard Small-Cap Index Fund Sep 30, 2024 779,552 5.05M 0.99%
BigCommerce to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 20, 2025 Article
BigCommerce to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 20, 2025
AUSTIN, Texas, Jan. 21, 2025 (GLOBE NEWSWIRE) -- 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 it will report its financial results for the fourth quarter and fiscal year ended December 31, 2024, before market open on Thursday, February 20, 2025. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m.
GlobeNewsWire Neutral
Jan 21, 2025
BigCommerce (BIGC) Upgraded to Buy: What Does It Mean for the Stock? Article
BigCommerce (BIGC) Upgraded to Buy: What Does It Mean for the Stock?
BigCommerce (BIGC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Zacks Investment Research Positive
Dec 24, 2024
Leading Sports Equipment Brand Mizuno USA Launches New Composable Ecommerce Website on BigCommerce Article
Leading Sports Equipment Brand Mizuno USA Launches New Composable Ecommerce Website on BigCommerce
AUSTIN, Texas--(BUSINESS WIRE)--BigCommerce (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced that popular sports brand Mizuno USA launched its new website on the BigCommerce platform. Mizuno, a global brand known for its forward-thinking digital approach, aimed to future-proof its business by employing an innovative composable commerce approach with a customized tech stack while still delivering a sign.
Business Wire Neutral
Dec 11, 2024
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