secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056268
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigCommerce Q1 revenue $80.4M (+12% YoY); GAAP net loss narrows to $6.4M from $22.1M
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- Revenue $80.4M, up 12% YoY; subscription revenue $61.0M, up 13%.
- GAAP net loss $6.4M ($0.08/sh) vs $22.1M loss; non-GAAP net income $5.0M ($0.07/sh).
- Adjusted EBITDA $4.2M vs ($5.5M); free cash flow ($4.2M); cash $266.3M.
- Enterprise ARR $248.2M (+8% YoY); total ARR $340.1M (+7%); enterprise accounts 5,970.
- Appointed Travis Hess as President; Q2 rev guidance $79.8-81.8M, FY24 rev $329.7-335.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024056268/0000950170-24-056268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024056268/bigc-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056268

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