Initiate 'strong buy' on BigCommerce with $20 PT, citing AI-powered checkout, multi-currency, and upsell tools as catalysts for revenue acceleration. Expect FY25 revenue to outpace consensus (6.5% growth), with Q4 acceleration and enterprise deals driving FY26 growth to 13.3%. Valuation rerating likely as growth accelerates and FCF margins improve, closing the current 70% EV/sales discount to SaaS peers by FY26.
BigCommerce Holdings, Inc. (NASDAQ:BIGC ) Q2 2025 Earnings Call July 31, 2025 8:00 AM ET Company Participants Daniel Lentz - Chief Financial Officer Travis Hess - Chief Executive Officer Tyler Duncan - Senior Director of Finance & Investor Relations Conference Call Participants Brian Christopher Peterson - Raymond James & Associates, Inc., Research Division Christopher Louis Kuntarich - UBS Investment Bank, Research Division David E. Hynes - Canaccord Genuity Corp., Research Division Gabriela Borges - Goldman Sachs Group, Inc., Research Division Hoi-Fung Wong - Oppenheimer & Co. Inc., Research Division Jeffrey Parker Lane - Stifel, Nicolaus & Company, Incorporated, Research Division Madison Taylor Schrage - KeyBanc Capital Markets Inc., Research Division Natalie Howe - Bank of America Raimo Lenschow - Barclays Bank PLC, Research Division Operator Ladies and gentlemen, thank you for standing by, and welcome to the Commerce Second Quarter 2025 Earnings Call.
While the top- and bottom-line numbers for BigCommerce (BIGC) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
| Software Industry | Information Technology Sector | Christopher Travis Hess CEO | XMUN Exchange | US08975P1084 ISIN |
| US Country | 1,161 Employees | - Last Dividend | - Last Split | 5 Aug 2020 IPO Date |
BigCommerce Holdings, Inc. serves as a vital platform in the ecommerce industry, offering a versatile software-as-a-service (SaaS) solution that caters to a broad range of businesses from enterprises to small and mid-market companies across the globe. With a footprint that spans the United States, North and South America, Europe, the Middle East, Africa, and the Asia-Pacific region, the company has established itself as a key player in aiding businesses in launching and scaling their online operations. Founded in 2009 with its headquarters located in Austin, Texas, BigCommerce has grown into a significant platform enabling a myriad of store types, product categories, and purchase models such as business-to-business (B2B) and business-to-consumer (B2C) transactions.
BigCommerce offers a range of customizable design options for online stores, enabling businesses to reflect their brand identity effectively on their ecommerce site. This feature provides flexibility in the aesthetic presentation, facilitating a unique and engaging shopping experience for customers.
With comprehensive catalog management options, BigCommerce empowers merchants to manage their products efficiently. Businesses can organize products, adjust pricing, and update descriptions easily, ensuring that their catalogs remain accurate and up-to-date for their customers.
Providing reliable and secure hosting is a cornerstone of BigCommerce's services, ensuring that ecommerce sites are always available and performant for end-users. This built-in hosting solution removes the complexity of finding external hosts, simplifying the technical demands on businesses.
BigCommerce’s platform offers an integrated solution for managing checkouts and orders, facilitating a smooth process for both businesses and consumers. From cart to completion, it streamlines operations, making it easier for companies to handle transactions and for customers to make purchases.
The platform provides detailed reporting tools that allow businesses to track their sales, monitor customer activities, and analyze performance data. These insights help merchants make informed decisions to improve their operations and grow their revenue.
Understanding the importance of a seamless ecosystem for online businesses, BigCommerce offers pre-integrations with a wide range of third-party services, including payment processors, shipping providers, and marketing tools. This connectivity enables businesses to extend their capabilities and enhance their operations efficiently.