What is Bigcommerce's operating income?

Bigcommerce's total operating income in 2025 was -$16.22 million, based on the following breakdown: Total Gross Profit: $269.60 million Total Operating Expenses: $285.81 million

Bigcommerce (BIGC) Financials

$3.55 +0.01 (+0.28%)

As of 11/13/2026

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Annual Income Statements for Bigcommerce

This table shows Bigcommerce's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-44	-50	-39	0.00	-140	-65	-27	-19
Consolidated Net Income / (Loss)	-39	-43	-38	-77	-140	-65	-27	-19
Net Income / (Loss) Continuing Operations	-39	-43	-38	-77	-140	-65	-27	-19
Total Pre-Tax Income	-39	-43	-38	-77	-139	-65	-26	-18
Total Operating Income	-38	-41	-39	-76	-141	-72	-42	-16
Total Gross Profit	70	85	118	171	209	235	255	270
Total Revenue	92	112	152	220	279	309	333	342
Operating Revenue	92	112	152	220	279	309	333	342
Total Cost of Revenue	22	27	34	48	70	74	78	73
Operating Cost of Revenue	22	27	34	48	70	74	78	73
Total Operating Expenses	108	126	157	247	350	308	297	286
Selling, General & Admin Expense	19	22	36	51	69	59	62	56
Marketing Expense	46	61	72	105	141	140	130	137
Research & Development Expense	42	43	48	65	88	83	81	73
Amortization Expense	-	0.00	0.00	3.28	8.08	8.42	9.74	8.48
Restructuring Charge	-	0.00	0.00	23	43	17	15	11
Total Other Income / (Expense), net	-0.89	-1.58	1.16	-0.77	1.14	7.77	16	-1.96
Interest Expense	1.49	1.61	3.10	0.83	2.83	2.88	-6.06	6.10
Interest & Investment Income	0.65	0.25	0.03	0.13	4.20	11	11	4.82
Other Income / (Expense), net	-0.05	-0.21	4.23	-0.07	-0.23	-0.84	-0.96	-0.68
Income Tax Expense	0.01	0.03	0.03	-0.03	0.50	0.00	1.02	1.17
Basic Earnings per Share	($2.59)	($2.80)	($0.99)	($1.08)	($1.91)	($0.86)	($0.35)	($0.24)
Weighted Average Basic Shares Outstanding	16.81M	17.83M	39.09M	70.93M	73.23M	75.14M	77.60M	80.30M
Weighted Average Diluted Shares Outstanding	16.81M	17.83M	39.09M	70.93M	74.12M	76.60M	78.60M	82.20M
Weighted Average Basic & Diluted Shares Outstanding	16.81M	17.83M	39.09M	70.93M	74.12M	76.60M	78.60M	82.20M

This table shows Bigcommerce's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-6.39	-11	-6.99	-2.39	-0.35	-8.38	-2.24	-8.36	3.73	1.10	-3.21
Consolidated Net Income / (Loss)	-6.39	-11	-6.99	-2.39	-0.35	-8.38	-2.24	-8.36	3.73	1.10	-3.21
Net Income / (Loss) Continuing Operations	-6.39	-11	-6.99	-2.39	-0.35	-8.38	-2.24	-8.36	3.73	1.10	-3.21
Total Pre-Tax Income	-6.10	-11	-6.72	-2.07	0.17	-8.16	-2.03	-8.16	4.18	1.31	-3.12
Total Operating Income	-8.23	-13	-19	-0.75	-2.41	-6.79	-0.44	-6.59	5.77	2.70	-1.80
Total Gross Profit	62	62	64	68	65	67	67	70	67	64	62
Total Revenue	80	82	84	87	82	84	86	90	87	85	84
Operating Revenue	80	82	84	87	82	84	86	90	87	85	84
Total Cost of Revenue	18	20	20	19	17	18	19	19	20	21	22
Operating Cost of Revenue	18	20	20	19	17	18	19	19	20	21	22
Total Operating Expenses	70	76	83	68	68	73	68	77	61	61	64
Selling, General & Admin Expense	15	15	16	15	14	16	12	14	14	14	14
Marketing Expense	32	34	33	30	30	35	36	35	26	28	26
Research & Development Expense	20	20	21	20	19	18	17	18	18	18	19
Amortization Expense	2.47	2.45	2.43	2.38	2.34	2.52	1.90	1.72	1.53	1.45	1.35
Restructuring Charge	0.33	2.91	10	1.56	2.25	1.73	0.08	7.43	0.91	0.01	4.02
Total Other Income / (Expense), net	2.13	2.37	12	-1.32	2.58	-1.37	-1.60	-1.57	-1.59	-1.40	-1.32
Interest Expense	0.72	0.72	-10	2.70	-1.39	2.52	2.48	2.48	2.48	2.49	2.49
Interest & Investment Income	3.18	3.20	2.43	1.76	1.30	1.17	1.18	1.16	1.17	1.23	1.32
Other Income / (Expense), net	-0.33	-0.11	-0.14	-0.37	-0.11	-0.02	-0.30	-0.25	-0.27	-0.14	-0.15
Income Tax Expense	0.29	0.13	0.27	0.32	0.52	0.22	0.21	0.21	0.45	0.20	0.09
Basic Earnings per Share	($0.08)	($0.15)	($0.09)	($0.03)	$0.00	($0.10)	($0.03)	($0.11)	$0.05	$0.01	($0.04)
Weighted Average Basic Shares Outstanding	76.63M	77.46M	77.87M	77.60M	78.84M	80.12M	80.76M	80.30M	82.04M	82.63M	82.95M
Diluted Earnings per Share	-	-	-	-	$0.00	($0.10)	($0.03)	-	$0.05	$0.01	($0.04)
Weighted Average Diluted Shares Outstanding	77.27M	77.75M	78.38M	78.60M	78.84M	80.12M	80.76M	82.20M	82.32M	82.79M	82.95M
Weighted Average Basic & Diluted Shares Outstanding	77.27M	77.75M	78.38M	78.60M	80.10M	80.74M	81.26M	82.20M	82.51M	82.86M	83.35M

This table details how cash moves in and out of Bigcommerce's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	7.13	-4.75	211	78	-206	-20	18	-44
Net Cash From Operating Activities	-31	-40	-27	-40	-89	-24	26	25
Net Cash From Continuing Operating Activities	-31	-40	-27	-40	-89	-24	26	25
Net Income / (Loss) Continuing Operations	-39	-43	-38	-77	-140	-65	-27	-19
Consolidated Net Income / (Loss)	-39	-43	-38	-77	-140	-65	-27	-19
Depreciation Expense	1.84	2.57	3.08	6.15	11	12	14	14
Amortization Expense	0.05	0.05	0.77	0.57	1.96	1.98	0.95	-0.96
Non-Cash Adjustments To Reconcile Net Income	2.57	4.08	13	29	54	42	29	24
Changes in Operating Assets and Liabilities, net	3.83	-4.08	-5.48	0.75	-17	-16	9.51	8.39
Net Cash From Investing Activities	-27	18	-1.96	-187	-117	2.82	105	-17
Net Cash From Continuing Investing Activities	-27	18	-1.96	-187	-117	2.82	105	-17
Purchase of Property, Plant & Equipment	-3.33	-5.58	-1.96	-3.30	-5.20	-4.18	-3.72	-8.60
Acquisitions	-	0.00	0.00	-81	-0.70	-7.89	-0.10	0.00
Purchase of Investments	-34	0.00	0.00	-107	-214	-228	-80	-93
Sale and/or Maturity of Investments	10	23	0.00	4.50	104	243	189	87
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	-2.44
Net Cash From Financing Activities	64	17	240	305	0.21	1.24	-114	-53
Net Cash From Continuing Financing Activities	64	17	240	305	0.21	1.24	-114	-53
Repayment of Debt	-4.50	-2.05	-29	-10	0.00	-0.39	-112	-55
Other Financing Activities, net	0.61	0.90	3.28	-30	0.21	1.64	-1.74	1.67
Cash Interest Paid	1.25	1.63	2.29	0.00	0.90	0.89	2.47	11
Cash Income Taxes Paid	-	-	0.00	0.00	0.03	0.00	0.00	0.00

This table details how cash moves in and out of Bigcommerce's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
Net Change in Cash & Equivalents	-11	72	-97	53	-37	-5.82	3.65	-4.91	13	-0.76	24
Net Cash From Operating Activities	-3.42	12	5.57	12	0.40	14	11	0.98	18	5.09	9.36
Net Cash From Continuing Operating Activities	-3.42	12	5.57	12	0.40	14	11	0.98	18	5.09	-1.61
Net Income / (Loss) Continuing Operations	-6.39	-11	-6.99	-2.39	-0.35	-8.38	-2.24	-8.36	3.73	1.10	-3.21
Consolidated Net Income / (Loss)	-6.39	-11	-6.99	-2.39	-0.35	-8.38	-2.24	-8.36	3.73	1.10	-3.21
Depreciation Expense	3.49	3.51	3.48	3.33	4.28	3.85	2.73	2.81	2.89	3.02	3.37
Amortization Expense	0.50	0.50	0.10	-0.15	-0.22	-0.24	-0.25	-0.25	-0.72	-0.66	-0.52
Non-Cash Adjustments To Reconcile Net Income	9.25	11	1.38	7.53	2.21	8.83	6.10	6.59	4.70	5.03	-5.06
Changes in Operating Assets and Liabilities, net	-10	8.13	7.60	4.04	-5.52	9.50	4.22	0.19	7.77	-3.39	3.81
Net Cash From Investing Activities	-6.93	60	9.25	43	17	-21	-6.80	-5.95	-5.39	-5.70	26
Net Cash From Continuing Investing Activities	-6.93	60	9.25	43	17	-21	-6.80	-5.95	-5.39	-5.70	26
Purchase of Property, Plant & Equipment	-0.81	-1.06	-1.06	-0.79	-0.83	-1.65	-2.97	-3.16	-4.29	-5.04	-3.63
Sale and/or Maturity of Investments	29	63	60	38	29	13	41	5.20	24	19	30
Net Cash From Financing Activities	-0.49	0.13	-112	-1.61	-55	1.85	-0.11	0.06	-0.05	-0.15	-0.36
Net Cash From Continuing Financing Activities	-0.49	0.13	-112	-1.61	-55	1.85	-0.11	0.06	-0.05	-0.15	-0.36
Other Financing Activities, net	-0.35	0.27	-0.85	-0.81	-0.13	1.85	-0.11	0.06	-0.05	-0.15	-0.36

This table presents Bigcommerce's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	56	277	555	474	444	340	309
Total Current Assets	32	254	455	374	342	251	214
Cash & Equivalents	7.80	219	298	92	72	89	44
Restricted Cash	1.36	1.16	1.14	1.46	1.13	1.48	1.91
Short-Term Investments	-	0.00	102	212	198	89	97
Accounts Receivable	16	23	40	35	38	48	50
Prepaid Expenses	5.30	8.00	9.71	28	25	15	15
Other Current Assets	1.68	2.57	4.01	6.17	8.28	8.82	6.05
Plant, Property, & Equipment, net	8.24	7.12	7.43	9.08	10	9.13	14
Total Noncurrent Assets	16	15	93	91	92	80	80
Goodwill	-	0.00	42	50	52	52	52
Intangible Assets	-	0.00	35	28	27	17	11
Other Noncurrent Operating Assets	16	15	16	13	13	11	17
Total Liabilities & Shareholders' Equity	56	277	555	474	444	340	309
Total Liabilities	90	60	417	428	419	307	269
Total Current Liabilities	34	46	63	79	71	88	108
Short-Term Debt	2.36	-	-	0.00	-	0.00	4.04
Accounts Payable	3.88	5.79	8.21	7.01	7.98	7.02	9.87
Accrued Expenses	5.85	3.34	2.94	2.94	2.65	3.19	4.79
Current Deferred Revenue	9.40	11	13	18	32	47	60
Other Current Liabilities	12	25	39	51	28	31	30
Total Noncurrent Liabilities	56	14	354	350	348	219	161
Long-Term Debt	39	0.00	336	337	340	216	153
Other Noncurrent Operating Liabilities	16	13	17	12	8.16	2.45	8.24
Total Equity & Noncontrolling Interests	-257	217	138	46	26	33	39
Total Preferred & Common Equity	-257	217	138	46	26	33	39
Total Common Equity	-257	217	138	46	26	33	39
Common Stock	17	530	529	577	620	655	680
Retained Earnings	-275	-313	-390	-530	-595	-622	-641
Accumulated Other Comprehensive Income / (Loss)	0.00	0.00	-0.19	-1.20	0.16	0.15	0.22
Other Equity Adjustments	0.00	0.01	0.01	0.01	0.01	0.01	0.01

This table presents Bigcommerce's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026	9/30/2026
Total Assets	468	436	442	453	335	286	303	309	324	325	327
Total Current Assets	371	342	344	356	243	193	210	216	230	230	233
Cash & Equivalents	75	70	61	133	35	52	46	50	57	57	93
Restricted Cash	1.11	1.11	1.11	1.12	1.51	1.16	1.16	1.16	1.89	1.16	1.16
Short-Term Investments	223	196	204	143	133	69	88	92	98	99	69
Accounts Receivable	52	52	39	45	43	44	52	48	50	52	48
Prepaid Expenses	13	16	29	25	21	19	15	18	18	16	18
Other Current Assets	7.00	7.59	8.70	9.12	9.14	8.07	7.56	6.81	5.21	4.78	4.56
Plant, Property, & Equipment, net	10	11	9.99	9.98	9.37	8.13	8.98	11	16	19	21
Total Noncurrent Assets	86	84	89	87	82	85	84	82	78	76	73
Goodwill	50	50	52	52	52	52	52	52	52	52	52
Intangible Assets	24	21	25	22	20	17	15	13	9.76	8.30	6.95
Other Noncurrent Operating Assets	13	13	12	13	11	16	17	17	16	16	14
Total Liabilities & Shareholders' Equity	468	436	442	453	335	286	303	309	324	325	327
Total Liabilities	441	416	416	426	306	248	264	267	277	273	275
Total Current Liabilities	92	67	68	79	87	82	98	101	116	113	116
Short-Term Debt	0.40	0.40	0.55	0.42	-	-	-	-	4.04	4.05	4.06
Accounts Payable	6.49	6.27	7.06	6.69	8.15	7.82	8.78	9.53	8.54	9.32	6.65
Accrued Expenses	3.67	3.09	3.21	3.60	2.77	2.76	3.46	4.49	4.50	2.62	3.09
Current Deferred Revenue	28	31	35	42	46	49	56	59	69	70	69
Other Current Liabilities	53	26	22	26	29	23	30	28	31	28	33
Total Noncurrent Liabilities	349	349	348	348	220	166	165	166	161	160	159
Long-Term Debt	339	339	340	340	217	158	158	157	153	152	152
Other Noncurrent Operating Liabilities	9.33	8.85	7.64	7.10	2.82	8.17	7.94	8.34	8.19	7.38	7.17
Total Equity & Noncontrolling Interests	27	20	27	26	29	38	39	43	47	52	52
Total Preferred & Common Equity	27	20	27	26	29	38	39	43	47	52	52
Total Common Equity	27	20	27	26	29	38	39	43	47	52	52
Common Stock	599	612	628	639	648	660	669	675	684	688	692
Retained Earnings	-571	-591	-601	-612	-619	-622	-630	-633	-637	-636	-639
Accumulated Other Comprehensive Income / (Loss)	-0.57	-0.42	-0.10	-0.18	0.38	0.12	0.11	0.21	-0.01	-0.13	-0.19
Other Equity Adjustments	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01

This table displays calculated financial ratios and metrics derived from Bigcommerce's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	67,806,741.00	71,618,735.00	-	-	-	81,263,346.00
DEI Adjusted Shares Outstanding	0.00	0.00	67,806,741.00	71,618,735.00	-	-	-	81,263,346.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.57	0.00	-	-	-	-0.24
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	22.03%	35.92%	44.29%	26.94%	10.86%	7.61%	2.83%
EBITDA Growth	0.00%	-6.73%	20.65%	-126.39%	-83.89%	53.83%	52.60%	84.97%
EBIT Growth	0.00%	-8.32%	16.34%	-120.56%	-85.22%	47.95%	41.81%	60.37%
NOPAT Growth	0.00%	-7.92%	5.59%	-96.25%	-85.10%	48.46%	42.46%	61.10%
Net Income Growth	0.00%	-9.55%	11.81%	-104.15%	-82.48%	53.78%	58.20%	28.44%
EPS Growth	0.00%	-8.11%	64.64%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	-30.66%	33.63%	-51.91%	-121.73%	72.87%	208.30%	-2.91%
Free Cash Flow Firm Growth	0.00%	0.00%	6.64%	-417.73%	20.05%	36.02%	91.74%	199.17%
Invested Capital Growth	0.00%	0.00%	-109.81%	1,992.05%	7.41%	20.06%	-25.23%	-23.92%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	10.98%	2.77%	3.94%	0.87%	0.73%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-35.21%	-0.01%	32.72%	13.23%	-296.30%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-36.09%	-0.13%	27.57%	10.62%	-51.04%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-35.78%	-0.62%	28.59%	10.59%	-56.19%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-35.39%	0.90%	31.55%	2.83%	-44.69%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	17.25%	-15.76%	6.41%	39.72%	-3.38%	-30.86%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	1.21%	5.42%	64.06%	-53.17%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-16.05%	-16.81%	0.74%	-7.43%	-6.22%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	76.12%	75.89%	77.60%	77.95%	74.92%	76.02%	76.69%	78.75%
EBITDA Margin	-39.34%	-34.41%	-20.09%	-31.52%	-45.66%	-19.01%	-8.38%	-1.22%
Operating Margin	-41.34%	-36.56%	-25.40%	-34.54%	-50.37%	-23.41%	-12.52%	-4.74%
EBIT Margin	-41.40%	-36.75%	-22.62%	-34.57%	-50.45%	-23.69%	-12.81%	-4.94%
Profit (Net Income) Margin	-42.32%	-37.99%	-24.65%	-34.88%	-50.14%	-20.90%	-8.12%	-5.65%
Tax Burden Percent	100.03%	100.07%	100.07%	99.96%	100.36%	100.00%	103.90%	106.42%
Interest Burden Percent	102.20%	103.32%	108.91%	100.92%	99.03%	88.25%	61.01%	107.56%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	-154.18%	-130.32%	-58.94%	-35.57%	-18.37%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-137.74%	121.66%	-86.61%	-31.48%	-49.78%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	110.99%	-21.80%	-122.71%	-56.21%	-34.82%
Return on Equity (ROE)	0.00%	126.95%	-41.00%	-43.19%	-152.12%	-181.65%	-91.78%	-53.19%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-178.30%	-137.47%	-77.17%	-6.69%	8.81%
Operating Return on Assets (OROA)	0.00%	-73.48%	-20.72%	-18.27%	-27.35%	-15.96%	-10.87%	-5.21%
Return on Assets (ROA)	0.00%	-75.97%	-22.58%	-18.43%	-27.18%	-14.09%	-6.89%	-5.96%
Return on Common Equity (ROCE)	0.00%	973.63%	9.07%	-43.19%	-152.12%	-181.65%	-91.78%	-53.19%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.55%	-17.33%	-55.45%	-306.36%	-253.28%	-81.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-27	-29	-27	-53	-98	-51	-29	-11
NOPAT Margin	-28.94%	-25.59%	-17.78%	-24.18%	-35.26%	-16.39%	-8.76%	-3.32%
Net Nonoperating Expense Percent (NNEP)	0.00%	87.65%	-11.09%	-16.44%	-251.99%	27.68%	-4.09%	31.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-25.68%	-13.89%	-11.68%	-5.78%
Cost of Revenue to Revenue	23.88%	24.11%	22.40%	22.05%	25.08%	23.98%	23.31%	21.25%
SG&A Expenses to Revenue	21.22%	19.81%	23.72%	23.34%	24.88%	19.02%	18.56%	16.32%
R&D to Revenue	46.25%	38.47%	31.72%	29.36%	31.62%	26.98%	24.29%	21.33%
Operating Expenses to Revenue	117.46%	112.46%	103.00%	112.49%	125.29%	99.43%	89.22%	83.49%
Earnings before Interest and Taxes (EBIT)	-38	-41	-34	-76	-141	-73	-43	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-36	-39	-31	-69	-127	-59	-28	-4.19
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	20.07	18.32	14.10	29.00	14.38	8.51
Price to Tangible Book Value (P/TBV)	0.00	0.00	20.07	41.65	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.36	1.93	28.55	11.52	2.31	2.39	1.44	0.98
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	33.89	8.65	8.61	7.36	6.53
Enterprise Value to Revenue (EV/Rev)	0.00	4.21	27.10	11.22	2.42	2.61	1.55	1.02
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	19.67	13.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	64.10
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-1.22	0.00	2.43	7.39	13.30	6.49	3.99
Long-Term Debt to Equity	0.00	-1.15	0.00	2.43	7.39	13.30	6.49	3.89
Financial Leverage	0.00	-0.95	-1.03	-0.81	-0.18	1.42	1.79	0.70
Leverage Ratio	0.00	-1.67	1.82	2.34	5.60	12.89	13.32	8.93
Compound Leverage Factor	0.00	-1.73	1.98	2.37	5.54	11.38	8.12	9.60
Debt to Total Capital	0.00%	558.57%	0.00%	70.81%	88.08%	93.01%	86.64%	79.96%
Short-Term Debt to Total Capital	0.00%	32.30%	0.00%	0.00%	0.00%	0.00%	0.00%	2.06%
Long-Term Debt to Total Capital	0.00%	526.27%	0.00%	70.81%	88.08%	93.01%	86.64%	77.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	3,058.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-3,516.99%	100.00%	29.19%	11.92%	6.99%	13.36%	20.04%
Debt to EBITDA	0.00	-1.06	0.00	-4.84	-2.65	-5.77	-7.76	-37.47
Net Debt to EBITDA	0.00	-0.82	0.00	0.95	-0.26	-1.16	-1.32	-3.35
Long-Term Debt to EBITDA	0.00	-1.00	0.00	-4.84	-2.65	-5.77	-7.76	-36.51
Debt to NOPAT	0.00	-1.42	0.00	-6.31	-3.43	-6.70	-7.42	-13.83
Net Debt to NOPAT	0.00	-1.11	0.00	1.23	-0.33	-1.35	-1.26	-1.24
Long-Term Debt to NOPAT	0.00	-1.34	0.00	-6.31	-3.43	-6.70	-7.42	-13.48
Altman Z-Score	0.00	-5.88	43.05	3.45	-0.31	0.07	-0.48	-0.82
Noncontrolling Interest Sharing Ratio	0.00%	-666.95%	122.13%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.93	5.54	7.24	4.75	4.83	2.85	1.98
Quick Ratio	0.00	0.69	5.28	7.00	4.30	4.35	2.57	1.77
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-27	-25	-130	-104	-66	-5.49	5.44
Operating Cash Flow to CapEx	-919.75%	-716.42%	-1,350.76%	-1,219.73%	-1,719.73%	-580.11%	705.56%	296.48%
Free Cash Flow to Firm to Interest Expense	0.00	-16.66	-8.08	-156.78	-36.70	-23.02	0.00	0.89
Operating Cash Flow to Interest Expense	-20.54	-24.79	-8.55	-48.67	-31.60	-8.41	0.00	4.18
Operating Cash Flow Less CapEx to Interest Expense	-22.78	-28.26	-9.18	-52.66	-33.43	-9.86	0.00	2.77
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.00	0.92	0.53	0.54	0.67	0.85	1.05
Accounts Receivable Turnover	0.00	7.21	7.93	7.01	7.45	8.50	7.76	6.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	13.60	19.84	30.22	33.80	32.04	34.39	29.63
Accounts Payable Turnover	0.00	6.96	7.06	6.93	9.19	9.90	10.35	8.62
Days Sales Outstanding (DSO)	0.00	50.62	46.04	52.05	48.97	42.93	47.05	52.29
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	52.42	51.71	52.70	39.70	36.88	35.28	42.36
Cash Conversion Cycle (CCC)	0.00	-1.80	-5.66	-0.65	9.26	6.05	11.77	9.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	-1.83	-3.85	73	78	94	70	53
Invested Capital Turnover	0.00	-122.25	-53.63	6.38	3.70	3.60	4.06	5.54
Increase / (Decrease) in Invested Capital	0.00	-1.83	-2.01	77	5.39	16	-24	-17
Enterprise Value (EV)	0.00	472	4,129	2,468	676	809	517	349
Market Capitalization	216	216	4,350	2,533	644	740	480	335
Book Value per Share	$0.00	($14.43)	$3.20	$1.93	$0.62	$0.34	$0.43	$0.48
Tangible Book Value per Share	$0.00	($14.43)	$3.20	$0.85	($0.43)	($0.70)	($0.46)	($0.29)
Total Capital	0.00	7.32	217	474	383	365	250	196
Total Debt	0.00	41	0.00	336	337	340	216	157
Total Long-Term Debt	0.00	39	0.00	336	337	340	216	153
Net Debt	0.00	32	-221	-65	33	68	37	14
Capital Expenditures (CapEx)	3.33	5.58	1.96	3.30	5.20	4.18	3.72	8.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-9.03	-12	-9.28	-9.51	-0.02	-16	-33
Debt-free Net Working Capital (DFNWC)	0.00	0.12	208	392	295	271	163	110
Net Working Capital (NWC)	0.00	-2.24	208	392	295	271	163	106
Net Nonoperating Expense (NNE)	12	14	10	24	42	14	-2.15	7.99
Net Nonoperating Obligations (NNO)	0.00	32	-221	-65	33	68	37	14
Total Depreciation and Amortization (D&A)	1.89	2.62	3.86	6.73	13	14	15	13
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.06%	-8.15%	-4.22%	-3.41%	-0.01%	-4.93%	-9.58%
Debt-free Net Working Capital to Revenue	0.00%	0.11%	136.63%	178.18%	105.87%	87.67%	49.02%	32.19%
Net Working Capital to Revenue	0.00%	-2.00%	136.63%	178.18%	105.87%	87.67%	49.02%	31.01%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($1.08)	($1.91)	($0.86)	($0.35)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	72.47M	73.23M	75.14M	77.60M	80.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.08)	($1.91)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	72.47M	73.23M	76.60M	78.60M	82.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.08)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	70.93M	74.12M	76.60M	78.60M	82.20M
Normalized Net Operating Profit after Tax (NOPAT)	-27	-29	-27	-37	-69	-39	-19	-3.31
Normalized NOPAT Margin	-28.94%	-25.59%	-17.78%	-16.76%	-24.59%	-12.62%	-5.61%	-0.97%
Pre Tax Income Margin	-42.31%	-37.97%	-24.63%	-34.89%	-49.96%	-20.90%	-7.81%	-5.31%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-25.54	-25.56	-11.11	-91.80	-49.79	-25.41	0.00	-2.77
NOPAT to Interest Expense	-17.85	-17.80	-8.73	-64.20	-34.79	-17.58	0.00	-1.86
EBIT Less CapEx to Interest Expense	-27.78	-29.02	-11.74	-95.79	-51.62	-26.86	0.00	-4.18
NOPAT Less CapEx to Interest Expense	-20.09	-21.26	-9.36	-68.19	-36.63	-19.03	0.00	-3.27
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-34.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-34.12%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Bigcommerce's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026	9/30/2026
DEI Shares Outstanding	-	-	-	-	78,600,000.00	80,098,346.00	80,735,080.00	81,263,346.00	82,200,000.00	82,512,244.00	82,858,991.00
DEI Adjusted Shares Outstanding	-	-	-	-	78,600,000.00	80,098,346.00	80,735,080.00	81,263,346.00	82,200,000.00	82,512,244.00	82,858,991.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	0.00	-0.10	-0.03	-0.10	0.05	0.01	-0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.99%	8.46%	7.26%	3.42%	2.50%	3.18%	2.77%	2.86%	5.43%	0.09%	-2.07%
EBITDA Growth	77.38%	45.28%	16.43%	193.40%	133.84%	66.55%	111.04%	-308.13%	394.77%	253.40%	-48.31%
EBIT Growth	63.77%	35.11%	13.97%	81.85%	70.60%	49.92%	96.19%	-508.01%	318.28%	137.67%	-164.31%
NOPAT Growth	65.22%	35.45%	13.44%	86.80%	186.38%	49.68%	97.74%	-776.83%	3.41%	148.03%	-314.48%
Net Income Growth	71.10%	40.97%	65.57%	24.75%	94.48%	25.53%	67.93%	-249.96%	1,156.37%	113.15%	-43.29%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	110.00%	-33.33%
Operating Cash Flow Growth	83.60%	-20.38%	117.73%	-6.92%	111.74%	15.50%	89.36%	-92.07%	4,482.04%	-62.44%	-11.27%
Free Cash Flow Firm Growth	51.38%	-51.19%	126.55%	217.76%	279.15%	177.75%	375.05%	-47.40%	1.07%	-50.10%	-46.91%
Invested Capital Growth	13.69%	32.79%	-18.63%	-25.23%	-26.85%	-32.62%	-24.91%	-23.92%	-36.95%	-16.49%	-19.54%
Revenue Q/Q Growth	-4.50%	1.83%	2.30%	3.96%	-5.35%	2.50%	1.89%	4.05%	-2.99%	-2.68%	-0.31%
EBITDA Q/Q Growth	-108.23%	-109.53%	-64.45%	113.02%	-24.55%	-307.10%	154.27%	-345.43%	279.36%	-35.79%	-81.71%
EBIT Q/Q Growth	-38.24%	-58.87%	-42.36%	94.19%	-123.93%	-170.56%	89.18%	-827.27%	180.39%	-53.31%	-175.95%
NOPAT Q/Q Growth	-44.63%	-63.93%	-42.47%	96.09%	1,046.36%	-195.49%	93.59%	-1,413.79%	211.61%	-55.65%	-155.32%
Net Income Q/Q Growth	-101.26%	-76.08%	37.87%	65.82%	85.23%	-2,274.50%	73.24%	-272.89%	144.58%	-70.45%	-391.65%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-80.00%	-500.00%
Operating Cash Flow Q/Q Growth	-125.73%	443.52%	-52.52%	121.78%	-96.76%	3,280.80%	-22.16%	-90.71%	1,774.90%	-72.29%	83.90%
Free Cash Flow Firm Q/Q Growth	11.28%	-76.62%	112.35%	492.14%	38.73%	-23.35%	-24.55%	-34.44%	166.58%	-62.15%	-19.73%
Invested Capital Q/Q Growth	7.11%	-10.95%	-15.81%	-7.43%	5.40%	-17.97%	-6.18%	-6.22%	-12.64%	8.64%	-9.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.05%	75.79%	76.27%	77.62%	79.38%	78.99%	78.39%	78.29%	76.75%	75.17%	74.06%
EBITDA Margin	-5.70%	-11.72%	-18.84%	2.36%	1.88%	-3.80%	2.02%	-4.77%	8.83%	5.82%	1.07%
Operating Margin	-10.24%	-16.48%	-22.96%	-0.86%	-2.93%	-8.04%	-0.51%	-7.36%	6.64%	3.20%	-2.14%
EBIT Margin	-10.65%	-16.62%	-23.13%	-1.29%	-3.06%	-8.07%	-0.86%	-7.63%	6.33%	3.04%	-2.31%
Profit (Net Income) Margin	-7.95%	-13.75%	-8.35%	-2.75%	-0.43%	-9.93%	-2.61%	-9.34%	4.29%	1.30%	-3.82%
Tax Burden Percent	104.75%	101.19%	104.00%	115.68%	-206.43%	102.71%	110.44%	102.56%	89.19%	84.38%	102.95%
Interest Burden Percent	71.29%	81.79%	34.73%	183.81%	-6.79%	119.84%	275.58%	119.33%	76.10%	50.92%	160.27%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	306.43%	0.00%	0.00%	0.00%	10.81%	15.62%	0.00%
Return on Invested Capital (ROIC)	-23.98%	-47.40%	-62.76%	-2.45%	23.10%	-25.19%	-1.81%	-28.53%	34.06%	16.82%	-10.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-24.96%	-50.86%	-52.01%	-6.00%	13.43%	-33.65%	-8.17%	-43.29%	26.13%	5.57%	-61.46%
Return on Net Nonoperating Assets (RNNOA)	-52.37%	-100.59%	-127.90%	-10.71%	22.75%	-44.55%	-6.94%	-30.28%	10.97%	1.29%	-4.91%
Return on Equity (ROE)	-76.35%	-147.99%	-190.66%	-13.16%	45.86%	-69.74%	-8.75%	-58.81%	45.03%	18.11%	-14.97%
Cash Return on Invested Capital (CROIC)	-54.80%	-72.15%	-18.07%	-6.69%	2.35%	11.90%	17.50%	8.81%	35.99%	19.80%	21.78%
Operating Return on Assets (OROA)	-7.49%	-11.72%	-19.80%	-1.10%	-2.81%	-7.21%	-0.90%	-8.05%	7.19%	3.36%	-2.51%
Return on Assets (ROA)	-5.60%	-9.70%	-7.15%	-2.33%	-0.39%	-8.88%	-2.75%	-9.86%	4.88%	1.44%	-4.14%
Return on Common Equity (ROCE)	-76.35%	-147.99%	-190.66%	-13.16%	45.86%	-69.74%	-8.75%	-58.81%	45.03%	18.11%	-14.97%
Return on Equity Simple (ROE_SIMPLE)	-181.82%	-157.53%	-95.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.76	-9.44	-13	-0.53	4.98	-4.75	-0.30	-4.61	5.14	2.28	-1.26
NOPAT Margin	-7.17%	-11.54%	-16.07%	-0.60%	6.04%	-5.63%	-0.35%	-5.15%	5.92%	2.70%	-1.50%
Net Nonoperating Expense Percent (NNEP)	0.98%	3.46%	-10.75%	3.54%	9.67%	8.46%	6.36%	14.76%	7.93%	11.25%	51.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.21%	2.54%	-2.42%	-0.15%	-2.35%	2.53%	1.10%	-0.61%
Cost of Revenue to Revenue	22.95%	24.21%	23.73%	22.38%	20.62%	21.01%	21.61%	21.71%	23.25%	24.83%	25.94%
SG&A Expenses to Revenue	18.58%	18.86%	19.63%	17.23%	16.56%	18.78%	14.11%	15.89%	16.37%	16.78%	16.37%
R&D to Revenue	24.87%	24.79%	24.90%	22.71%	23.32%	21.69%	20.30%	20.15%	20.77%	20.91%	23.02%
Operating Expenses to Revenue	87.29%	92.27%	99.23%	78.48%	82.31%	87.03%	78.89%	85.65%	70.11%	71.97%	76.20%
Earnings before Interest and Taxes (EBIT)	-8.56	-14	-19	-1.12	-2.52	-6.81	-0.74	-6.83	5.49	2.57	-1.95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.58	-9.59	-16	2.05	1.55	-3.21	1.74	-4.27	7.66	4.92	0.90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.61	23.85	15.69	14.38	11.89	10.33	9.41	8.51	4.68	4.73	5.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.66	1.92	1.38	1.44	1.35	1.19	1.19	0.98	0.63	0.70	0.76
Price to Earnings (P/E)	33.56	26.46	12.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.98%	3.78%	8.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.95	7.62	6.62	7.36	6.60	6.96	7.32	6.53	4.70	4.80	5.57
Enterprise Value to Revenue (EV/Rev)	1.89	2.12	1.52	1.55	1.46	1.25	1.23	1.02	0.63	0.70	0.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	195.30	0.00	113.95	24.20	27.72
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	498.54	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	239.36	4,342.22
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	18.46	19.67	16.25	13.25	11.31	13.69	5.04	6.95	7.55
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	237.69	47.10	35.88	64.10	10.10	22.06	22.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	12.65	13.06	7.48	6.49	4.14	4.06	3.67	3.99	3.34	3.03	2.99
Long-Term Debt to Equity	12.63	13.04	7.48	6.49	4.14	4.06	3.67	3.89	3.26	2.95	2.91
Financial Leverage	2.10	1.98	2.46	1.79	1.69	1.32	0.85	0.70	0.42	0.23	0.08
Leverage Ratio	14.73	17.35	15.78	13.32	11.21	11.64	8.98	8.93	7.19	6.94	6.69
Compound Leverage Factor	10.50	14.19	5.48	24.48	-0.76	13.95	24.73	10.65	5.47	3.53	10.72
Debt to Total Capital	92.67%	92.89%	88.20%	86.64%	80.56%	80.25%	78.60%	79.96%	76.98%	75.20%	74.92%
Short-Term Debt to Total Capital	0.15%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	2.06%	1.98%	1.94%	1.95%
Long-Term Debt to Total Capital	92.52%	92.77%	88.20%	86.64%	80.56%	80.25%	78.60%	77.91%	75.00%	73.25%	72.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	7.33%	7.11%	11.80%	13.36%	19.44%	19.75%	21.40%	20.04%	23.02%	24.80%	25.08%
Debt to EBITDA	-7.89	-9.67	-6.75	-7.76	-7.25	-10.25	73.68	-37.47	81.49	15.57	16.97
Net Debt to EBITDA	-1.72	-1.82	-1.46	-1.32	-1.65	-1.43	6.61	-3.35	-0.12	-0.09	-0.71
Long-Term Debt to EBITDA	-7.88	-9.66	-6.75	-7.76	-7.25	-10.25	73.68	-36.51	79.39	15.17	16.53
Debt to NOPAT	-8.53	-9.82	-6.64	-7.42	-6.28	-7.72	-21.64	-13.83	-27.86	154.01	2,657.99
Net Debt to NOPAT	-1.86	-1.84	-1.44	-1.26	-1.43	-1.07	-1.94	-1.24	0.04	-0.93	-110.75
Long-Term Debt to NOPAT	-8.52	-9.80	-6.64	-7.42	-6.28	-7.72	-21.64	-13.48	-27.15	150.03	2,588.95
Altman Z-Score	0.26	0.33	-0.34	-0.08	-0.34	-0.52	-0.42	-0.71	-0.73	-0.68	-0.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.06	4.51	2.81	2.85	2.34	2.13	2.14	1.98	1.98	2.03	2.02
Quick Ratio	4.48	4.07	2.45	2.57	2.00	1.89	1.88	1.77	1.76	1.83	1.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-18	-32	3.91	23	32	25	19	12	32	12	9.87
Operating Cash Flow to CapEx	-423.95%	1,103.20%	523.78%	1,570.52%	48.61%	821.14%	355.68%	31.06%	428.80%	100.99%	258.10%
Free Cash Flow to Firm to Interest Expense	-24.91	-44.01	0.00	8.57	0.00	9.77	7.50	4.91	13.08	4.94	3.96
Operating Cash Flow to Interest Expense	-4.75	16.30	0.00	4.57	0.00	5.38	4.26	0.39	7.40	2.05	3.76
Operating Cash Flow Less CapEx to Interest Expense	-5.87	14.83	0.00	4.28	0.00	4.72	3.06	-0.88	5.67	0.02	2.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.71	0.86	0.85	0.92	0.89	1.05	1.05	1.14	1.11	1.08
Accounts Receivable Turnover	6.47	6.67	6.94	7.76	8.03	6.97	7.42	6.98	7.40	6.71	7.19
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	31.42	31.90	33.15	34.39	36.97	35.61	33.04	29.63	28.49	24.37	21.35
Accounts Payable Turnover	10.32	11.58	10.69	10.35	10.23	9.58	8.24	8.62	9.28	8.75	10.20
Days Sales Outstanding (DSO)	56.42	54.69	52.63	47.05	45.48	52.35	49.19	52.29	49.32	54.39	50.76
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	35.36	31.52	34.14	35.28	35.68	38.10	44.32	42.36	39.31	41.70	35.80
Cash Conversion Cycle (CCC)	21.06	23.16	18.49	11.77	9.80	14.25	4.87	9.92	10.00	12.68	14.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	101	90	76	70	74	61	57	53	47	51	46
Invested Capital Turnover	3.35	4.11	3.91	4.06	3.82	4.48	5.12	5.54	5.75	6.23	6.72
Increase / (Decrease) in Invested Capital	12	22	-17	-24	-27	-29	-19	-17	-27	-10	-11
Enterprise Value (EV)	602	687	502	517	489	422	417	349	219	243	255
Market Capitalization	528	623	455	480	453	400	403	335	219	244	262
Book Value per Share	$0.35	$0.34	$0.37	$0.43	$0.48	$0.48	$0.53	$0.48	$0.57	$0.63	$0.63
Tangible Book Value per Share	($0.65)	($0.62)	($0.55)	($0.46)	($0.40)	($0.35)	($0.27)	($0.29)	($0.18)	($0.10)	($0.08)
Total Capital	367	367	246	250	196	196	200	196	204	208	209
Total Debt	341	341	217	216	158	158	157	157	157	157	156
Total Long-Term Debt	340	340	217	216	158	158	157	153	153	152	152
Net Debt	74	64	47	37	36	22	14	14	-0.23	-0.95	-6.51
Capital Expenditures (CapEx)	0.81	1.06	1.06	0.79	0.83	1.65	2.97	3.16	4.29	5.04	3.63
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.86	0.45	-13	-16	-11	-24	-28	-33	-39	-37	-41
Debt-free Net Working Capital (DFNWC)	276	277	157	163	110	111	115	110	118	120	122
Net Working Capital (NWC)	276	277	157	163	110	111	115	106	114	116	118
Net Nonoperating Expense (NNE)	0.63	1.81	-6.46	1.86	5.33	3.63	1.94	3.75	1.42	1.18	1.95
Net Nonoperating Obligations (NNO)	74	64	47	37	36	22	14	14	-0.23	-0.95	-6.51
Total Depreciation and Amortization (D&A)	3.98	4.01	3.59	3.18	4.07	3.60	2.48	2.56	2.17	2.36	2.85
Debt-free, Cash-free Net Working Capital to Revenue	3.10%	0.14%	-3.95%	-4.93%	-3.42%	-7.18%	-8.31%	-9.58%	-11.37%	-10.74%	-11.91%
Debt-free Net Working Capital to Revenue	86.84%	85.51%	47.53%	49.02%	32.97%	33.00%	33.83%	32.19%	33.91%	34.65%	35.26%
Net Working Capital to Revenue	86.67%	85.38%	47.53%	49.02%	32.97%	33.00%	33.83%	31.01%	32.74%	33.49%	34.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.08)	($0.15)	($0.09)	($0.03)	$0.00	($0.10)	($0.03)	($0.11)	$0.05	$0.01	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	76.63M	77.46M	77.87M	77.60M	78.84M	80.12M	80.76M	80.30M	82.04M	82.63M	82.95M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.05	$0.01	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	77.27M	77.75M	78.38M	78.60M	80.10M	80.74M	81.26M	82.20M	82.32M	82.79M	82.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.27M	77.75M	78.38M	78.60M	80.10M	80.74M	81.26M	82.20M	82.51M	82.86M	83.35M
Normalized Net Operating Profit after Tax (NOPAT)	-5.53	-7.41	-6.30	0.56	-0.12	-3.54	-0.25	0.59	5.96	2.29	1.55
Normalized NOPAT Margin	-6.88%	-9.05%	-7.53%	0.65%	-0.14%	-4.20%	-0.29%	0.66%	6.86%	2.70%	1.84%
Pre Tax Income Margin	-7.59%	-13.59%	-8.03%	-2.37%	0.21%	-9.67%	-2.36%	-9.11%	4.81%	1.55%	-3.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.89	-18.89	0.00	-0.42	0.00	-2.70	-0.30	-2.75	2.21	1.03	-0.78
NOPAT to Interest Expense	-8.00	-13.11	0.00	-0.19	0.00	-1.88	-0.12	-1.86	2.07	0.92	-0.51
EBIT Less CapEx to Interest Expense	-13.01	-20.37	0.00	-0.71	0.00	-3.35	-1.49	-4.02	0.49	-0.99	-2.24
NOPAT Less CapEx to Interest Expense	-9.12	-14.59	0.00	-0.49	0.00	-2.54	-1.32	-3.13	0.35	-1.11	-1.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Commerce.com (NASDAQ: CMRC) has made meaningful progress toward profitability, although growth remains modest and the balance sheet still carries substantial debt. The company’s quarterly revenue increased from $72.4 million in Q3 2022 to $84.5 million in Q2 2026, but the path has been uneven. Revenue peaked at $89.5 million in Q4 2025 before declining in the following two quarters.

Profitability has improved significantly. Commerce.com reported operating income of $2.7 million and net income of $1.1 million in Q2 2026, following $5.8 million and $3.7 million, respectively, in Q1 2026. This compares with a $19.2 million operating loss and a $20.3 million net loss in Q3 2023.
Operating cash flow has remained positive. The company generated $5.1 million of operating cash flow in Q2 2026 and $18.4 million in Q1 2026. Operating cash flow has been positive in each reported quarter since Q3 2024, despite continued GAAP losses in several periods.
Gross margins remain relatively strong. Q2 2026 gross profit was $63.5 million on $84.5 million of revenue, representing a gross margin of approximately 75.2%. This provides meaningful funds to support operating expenses and debt service.
Debt has declined substantially from 2024 levels. Total short- and long-term debt was approximately $156.5 million at June 30, 2026, compared with approximately $340.9 million at June 30, 2024. The reduction lowers refinancing risk and future interest burden.
Liquidity remains adequate for near-term obligations. Cash, restricted cash and short-term investments totaled approximately $157.5 million at the end of Q2 2026, compared with $113.2 million of current liabilities. Deferred revenue, a significant portion of current liabilities, also represents payments received before services are delivered rather than conventional debt.
Deferred revenue has grown considerably. Current deferred revenue rose from $28.2 million in Q2 2023 to $69.8 million in Q2 2026. This can support future recognized revenue, but investors should monitor whether the increase reflects durable bookings growth or simply changes in billing and contract timing.
Investment activity is a major source of cash-flow volatility. The company regularly purchases and sells short-term investments. In Q2 2026, investment purchases of $19.7 million were largely offset by $19.0 million of sales or maturities, making investing cash flow more reflective of portfolio management than major expansion spending.
Revenue momentum weakened in the first half of 2026. Revenue fell from $89.5 million in Q4 2025 to $86.8 million in Q1 2026 and $84.5 million in Q2 2026. Q2 revenue was roughly flat compared with Q2 2025, suggesting limited top-line growth.
The company remains highly leveraged relative to shareholders’ equity. At June 30, 2026, total liabilities were $273.2 million versus only $51.6 million of total equity. Long-term debt alone was $152.5 million, and Q2 cash interest paid was $5.6 million, exceeding reported net income.
Cash generation weakened sequentially and remains partly dependent on adjustments. Q2 2026 operating cash flow of $5.1 million was substantially below Q1’s $18.4 million, while changes in operating assets and liabilities reduced quarterly cash flow by $3.4 million. Continued positive operating cash flow will be important because the company still reports a large accumulated retained deficit of $636.2 million.

Overall, the statements show a company moving from large operating losses toward modest GAAP profitability and positive operating cash flow. The primary issues for investors are whether Commerce.com can restore consistent revenue growth, maintain profitability without relying on non-cash adjustments, and continue reducing its debt burden.

11/15/26 08:34 AM ETAI Generated. May Contain Errors.

Bigcommerce Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bigcommerce's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Bigcommerce had net income of -$19.34 million at the end of 2025, a 28.4% increase from 2024, and a 50.2% increase since 2018.

Bigcommerce's total operating income in 2025 was -$16.22 million, based on the following breakdown:

Total Gross Profit: $269.60 million
Total Operating Expenses: $285.81 million

Over the last 7 years, Bigcommerce's total revenue changed from $91.87 million in 2018 to $342.35 million in 2025, a change of 272.7%.

In the past 13 quarters, Bigcommerce's cash and equivalents has ranged from $35.44 million in Q3 2024 to $133.09 million in Q2 2024, and is currently $92.55 million as of their latest financial filing in Q3 2026.

Bigcommerce had total debt of $157.05 million at the end of 2025, a 27.4% decrease from 2024, and none in 2018.

Over the last 7 years, Bigcommerce's book value per share changed from 0.00 in 2018 to 0.48 in 2025, a change of 48.4%.

Related Companies

Financial statements for NASDAQ:BIGC last updated on 11/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Bigcommerce (BIGC) Financials

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Bigcommerce (BIGC) Financials

Annual Income Statements for Bigcommerce

Quarterly Income Statements for Bigcommerce

Annual Cash Flow Statements for Bigcommerce

Quarterly Cash Flow Statements for Bigcommerce

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Quarterly Balance Sheets for Bigcommerce

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Quarterly Metrics And Ratios for Bigcommerce

Financials Breakdown Chart

Key Financial Trends

Bigcommerce Financials - Frequently Asked Questions

When does Bigcommerce's fiscal year end?

How has Bigcommerce's net income changed over the last 7 years?

What is Bigcommerce's operating income?

How has Bigcommerce's revenue changed over the last 7 years?

How much cash does Bigcommerce have?

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How has Bigcommerce's book value per share changed over the last 7 years?

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