BigCommerce Holdings - Ser 1 | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 84.43 M

Revenue: As of FY2025 Q2, the actual value is USD 84.43 M, beating the estimate of USD 83.33 M.

EPS: As of FY2025 Q2, the actual value is USD -0.1.

EBIT: As of FY2025 Q2, the actual value is USD -8.161 M.

Revenue

• Subscription Solutions: $63,656 thousand for the three months ended June 30, 2025, compared to $61,796 thousand for the same period in 2024, representing a 3.0% increase. For the six months ended June 30, 2025, subscription solutions revenue was $125,769 thousand, compared to $122,755 thousand for the same period in 2024, representing a 2.5% increase.
• Partner and Services: $20,777 thousand for the three months ended June 30, 2025, compared to $20,033 thousand for the same period in 2024, representing a 3.7% increase. For the six months ended June 30, 2025, partner and services revenue was $41,034 thousand, compared to $39,434 thousand for the same period in 2024, representing a 4.1% increase.

Operational Metrics

• Net Loss: - $8,382 thousand for the three months ended June 30, 2025, compared to - $11,255 thousand for the same period in 2024. For the six months ended June 30, 2025, net loss was - $8,735 thousand, compared to - $17,647 thousand for the same period in 2024.
• Gross Profit: $66,694 thousand for the three months ended June 30, 2025, compared to $62,018 thousand for the same period in 2024. For the six months ended June 30, 2025, gross profit was $132,080 thousand, compared to $123,939 thousand for the same period in 2024.
• Operating Expenses: $73,481 thousand for the three months ended June 30, 2025, compared to $75,506 thousand for the same period in 2024. For the six months ended June 30, 2025, operating expenses were $141,277 thousand, compared to $145,655 thousand for the same period in 2024.
• Loss from Operations: - $6,787 thousand for the three months ended June 30, 2025, compared to - $13,488 thousand for the same period in 2024. For the six months ended June 30, 2025, loss from operations was - $9,197 thousand, compared to - $21,716 thousand for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $13,557 thousand for the three months ended June 30, 2025, compared to $11,738 thousand for the same period in 2024. For the six months ended June 30, 2025, net cash provided by operating activities was $13,958 thousand, compared to $8,321 thousand for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: - $21,223 thousand for the three months ended June 30, 2025, compared to $60,324 thousand for the same period in 2024. For the six months ended June 30, 2025, net cash provided by (used in) investing activities was - $3,858 thousand, compared to $53,393 thousand for the same period in 2024.
• Net Cash Provided by (Used in) Financing Activities: $1,847 thousand for the three months ended June 30, 2025, compared to $134 thousand for the same period in 2024. For the six months ended June 30, 2025, net cash provided by (used in) financing activities was - $53,027 thousand, compared to - $351 thousand for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue investing in its strategic B2B and B2C offerings, building new partnerships, and developing its portfolio of professional-grade commerce solutions. The company aims to acquire additional customers, grow revenue with existing customers, and expand its presence in new markets while maintaining a focus on profitability.
• Non-Core Business: The company is advancing initiatives to expand platform capabilities and support revenue growth, including the beta launch of Feedonomics self-serve and the development of bundled offerings. The company also plans to launch a new branded payments offering in fiscal year 2026.