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NEW YORK - BigCommerce Holdings Inc (NASDAQ:BIGC) reported better-than-expected first quarter earnings, issuing cautious guidance on Thursday.
The e-commerce platform provider saw its shares jump 5.38% in pre-market trading after the earnings release.
The company posted adjusted earnings per share of $0.07 for Q1 2025, beating analyst estimates of $0.05. Revenue came in at $82.4 million, just shy of the $82.5 million consensus forecast and up 2.5% YoY.
For the second quarter, BigCommerce expects revenue between $82.5 million and $83.5 million, below analyst projections of $84.18 million. The company’s full-year 2025 revenue guidance of $335.1 million to $351.1 million also fell short of the $344.7 million consensus estimate.
Despite the cautious outlook, investors appeared to focus on the earnings beat and ongoing shift towards higher-value enterprise customers. BigCommerce reported its enterprise annual revenue run-rate grew 6% YoY to $264 million in Q1.
The company ended the quarter with 5,825 enterprise accounts, down 2% YoY, but average revenue per enterprise account increased 9% to $45,290.
BigCommerce’s non-GAAP gross margin expanded to 80% in Q1, up from 78% a year ago, reflecting the company’s focus on profitable growth.
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