secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037951
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce Q2 revenue up 11% to $75.4M; reaches adjusted EBITDA profitability milestone
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- Total revenue $75.4M (+11% YoY), ARR $331.1M (+12% YoY), Enterprise ARR $236.4M (+14% YoY).
- GAAP net loss narrowed to ($19.1M) from ($39.6M); non-GAAP net loss ($1.5M) or (2%) of revenue.
- Adjusted EBITDA loss improved to ($2.5M) from ($12.9M); Q2 free cash flow positive $13.7M.
- Leadership changes: Steven Chung hired as President; Daniel Lentz promoted to CFO; Hubert Ban appointed CAO.
- Q3 2023 guidance: revenue $76.3M-$79.3M (5-10% YoY); FY2023 revenue $304M-$310M (9-11% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023037951/0000950170-23-037951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017023037951/bigc-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer