secwatch.observer — SEC 8-K summary
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Issuer:     Commerce.com, Inc. (CMRC)
CIK:        0001626450
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-122728
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024122728/0000950170-24-122728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1626450/000095017024122728/bigc-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122728

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