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Bigcommerce Holdings, Inc. - BIGC STOCK NEWS

Welcome to our dedicated page for Bigcommerce Holdings news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on Bigcommerce Holdings stock.

BigCommerce Holdings, Inc. Series 1 Common Stock (symbol: BIGC), is a leading provider of a robust e-commerce platform designed to empower businesses to launch, manage, and scale successful online stores. Established in 2009, BigCommerce facilitates both emerging and established brands with its sophisticated, yet user-friendly, Software-as-a-Service (SaaS) solution, combining ease-of-use with enterprise-grade functionality.

BigCommerce stands out due to its advanced features, superior site performance, and streamlined business processes. The company's clients benefit from capabilities that drive higher revenues compared to competitive e-commerce solutions. The platform supports thousands of retailers globally, boosting their reach across online marketplaces, social networks, and offline point-of-sale systems.

Product Highlights:

  • Comprehensive tools for branding and customizing online stores.
  • Seamless cross-channel integrations.
  • High-performance hosting ensuring site speed and reliability.
  • Flexible APIs for extensive customization.

The company's impressive growth is backed by significant financial support, having secured over $100 million in funding from reputable investors including SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate. This strong financial foundation has enabled BigCommerce to continuously enhance its platform and expand its global footprint.

Recent Achievements:

  • First Quarter Total Revenue reached $80.4 million, marking a 12% increase compared to the prior year.
  • Annual Recurring Revenue (ARR) totaled $340.1 million, with an 8% increase in Enterprise ARR.

The company is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia, supporting a broad geographical market including the Americas, EMEA, and APAC regions, with the majority of revenue generated from the U.S.

BigCommerce's commitment to innovation and customer success has positioned it as a trusted partner for numerous prominent brands such as Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols. With its open SaaS platform, BigCommerce continues to drive growth and efficiency for B2C and B2B companies across various industries.

Financial Overview:

  • Consistent revenue growth with detailed quarterly financial outlooks.
  • Commitment to transparency with regular updates and conference calls.
  • Focus on maintaining a strong financial position to support ongoing innovation and customer success.

Join the next BigCommerce conference call on May 9, 2024, for a comprehensive discussion on financial results and business highlights. For more information and to access the live webcast, visit BigCommerce’s investor relations website.

Rhea-AI Summary

BigCommerce (Nasdaq: BIGC) has appointed Sally Gilligan, Chief Growth Transformation Officer at Gap Inc., and Satish Malhotra, CEO of The Container Store, to its Board of Directors. Their extensive experience in ecommerce and retail is expected to drive innovation and support BigCommerce's global expansion efforts. Gilligan's background in corporate development and technology complements Malhotra's achievements in digital commerce and sales channel growth. They replace departing board members Steve Murray and Jack McDonald, who contributed significantly to the company's early public years.

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BigCommerce (NASDAQ: BIGC) has surpassed previous analyst evaluations for the third consecutive year, achieving high honors in the 2022 Paradigm B2B Combine with a total of 22 out of 24 medals. This includes 12 medals in the Midmarket Edition and 10 in the Enterprise Edition. Recent acquisitions of BundleB2B and B2B Ninja have bolstered its B2B ecommerce capabilities. The global B2B ecommerce market is projected to exceed $33 billion by 2030, with a CAGR of 19.7% from 2022 to 2030.

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BigCommerce (NASDAQ: BIGC) has achieved SOC 1 Type 2 and SOC 2 Type 2 compliance certifications, demonstrating its commitment to data security, privacy, and compliance. The independent audits confirm that BigCommerce meets established standards for security, availability, and confidentiality as set by the AICPA. These certifications enhance the trust of merchants, particularly enterprise clients, in the platform’s ability to protect sensitive data and fulfill regulatory requirements.

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BigCommerce (Nasdaq: BIGC) has announced that registration is now open for its global Make it Big 2022 Conference to be held virtually on September 13-14. The conference, emphasizing 'The Future of Ecommerce is Now', features prominent speakers such as John Mackey and Seth Godin. Attendees will engage in interactive workshops and panels focusing on trends in ecommerce, marketing, and sustainability. The Make it Big Awards will honor outstanding B2C and B2B customers, with winners announced on September 14. Registration is free and available online.

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BigCommerce (NASDAQ: BIGC) announces a partnership with UK electric vehicle charging company EVEC, launching their ecommerce platform to enhance B2B and direct-to-consumer sales. With the UK government's push for electric vehicles by 2030, EVEC anticipates reaching £3.6 million in sales in the next year. The ecommerce site will feature a vehicle-charger compatibility plugin, facilitating customer satisfaction. BigCommerce aims to support EVEC's growth in this competitive market, bolstering its reputation as a leading Open SaaS ecommerce platform.

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BigCommerce Holdings (Nasdaq: BIGC) will report its Q2 2022 financial results after market close on August 4, 2022. A conference call to discuss the results will take place at 5:00 p.m. ET the same day. Investors can access the call via phone or through a live webcast on the company’s investor relations website. A replay will be available until August 11, 2022. BigCommerce is a leading Open SaaS ecommerce platform supporting diverse brands globally, including notable companies like Vodafone and S.C. Johnson. For more information, visit investors.bigcommerce.com.

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BigCommerce (Nasdaq: BIGC) has expanded its presence into Austria, Denmark, Norway, Sweden, and Peru, enhancing its capabilities to support local merchants. This growth coincides with a global forecast of $7.39 trillion in retail ecommerce sales by 2025. The platform provides localized features, enabling businesses to create engaging shopping experiences and optimize for omnichannel sales strategies. Key functionalities include B2B solutions and headless technology integration, crucial for future-proof ecommerce strategies.

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Klaviyo, a unified customer platform, has renewed its partnership with BigCommerce (NASDAQ: BIGC) as an Elite Technology Partner. This collaboration enables merchants to synchronize historical and real-time data, enhancing customer engagement through personalized communication and performance evaluations. New integrations with partners such as Upwork, Zendesk, Narvar, Rebuy, and Shopware will provide comprehensive solutions for generating revenue and fostering customer relationships. Klaviyo aims to make marketing smarter and more effective, driving growth for BigCommerce merchants.

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BigCommerce (Nasdaq: BIGC) reported impressive growth at its inaugural Investor Day on May 25, 2022. The company's Enterprise ARR has increased at a 40%+ organic rate for 14 consecutive quarters, along with a 55% CAGR over the last three years. CEO Brent Bellm highlighted BigCommerce's focus on international growth, omnichannel, and B2B functionality. Enterprise accounts now represent 67% of total annual revenue run-rate. The firm is well-positioned to attract B2C and B2B merchants with its unique, scalable enterprise solutions.

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Klevu announces compatibility with BigCommerce Multi-Storefront, empowering enterprise retail businesses to efficiently create and manage multiple storefronts from a single BigCommerce store. This feature enhances scalability, allowing brands to optimize product discovery across various channels while sharing inventory. CEO Brent Bellm highlights its flexibility for merchants to grow their brand presence. Klevu's technology is already integrated into many leading BigCommerce stores, promising significant improvements in product visibility and customer experience.

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FAQ

What is the current stock price of Bigcommerce Holdings (BIGC)?

The current stock price of Bigcommerce Holdings (BIGC) is $6.23 as of February 21, 2025.

What is the market cap of Bigcommerce Holdings (BIGC)?

The market cap of Bigcommerce Holdings (BIGC) is approximately 490.3M.

What is BigCommerce Holdings, Inc.?

BigCommerce Holdings, Inc. is a leading provider of a robust e-commerce platform that helps brands launch, manage, and scale online stores.

What does BigCommerce's platform offer?

BigCommerce offers a comprehensive SaaS platform with advanced features, enterprise functionality, and flexibility to help businesses succeed online.

Where is BigCommerce headquartered?

BigCommerce is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia.

Who are some of BigCommerce's prominent clients?

Some of BigCommerce's prominent clients include Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols.

How is BigCommerce performing financially?

BigCommerce reported a first-quarter total revenue of $80.4 million in 2024, with an annual recurring revenue (ARR) of $340.1 million.

Who are the investors backing BigCommerce?

BigCommerce has received funding from investors such as SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate.

What geographical markets does BigCommerce operate in?

BigCommerce operates in the Americas, EMEA, and APAC regions, with the majority of its revenue generated from the U.S.

How does BigCommerce support its retailers?

BigCommerce supports retailers with branding tools, cross-channel integrations, high-performance hosting, and flexible APIs.

When is BigCommerce's next conference call?

BigCommerce's next conference call is scheduled for May 9, 2024, at 8:00 a.m. ET.

Where can I find more information about BigCommerce?

For more information, visit BigCommerce's investor relations website at http://investors.bigcommerce.com.
Bigcommerce Holdings, Inc.

Nasdaq:BIGC

BIGC Rankings

BIGC Stock Data

490.30M
65.53M
16.47%
75.94%
6.96%
Software - Application
Services-prepackaged Software
Link
United States
AUSTIN