BigCommerce Q3 revenue $83.7M (+7% YoY); appoints Travis Hess as CEO

Commerce.com, Inc.

2024-Q3 EPS reported -$0.32 revenue$245,899,000

GAAP net loss narrowed to $7.0M from $20.3M; non-GAAP net income $4.4M vs $0.7M YoY.
Non-GAAP EPS $0.06; GAAP loss per share ($0.09). Total ARR $347.8M, +5% YoY.
Travis Hess appointed CEO, replacing Brent Bellm; Ellen Siminoff named Executive Chair.
Q4 revenue guidance $85.8M-$87.8M (2-4% growth); full-year FY2024 guide $331.7M-$333.7M.
Restructuring charge $9.8M in Q3; exchanged $161.2M of 2026 notes for $150M of 2028 notes at 7.5%.

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