BigCommerce Holdings, Inc. announced its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company reported revenue of $83.7 million, marking a 7% increase year-over-year. Non-GAAP operating income reached $4.8 million, representing a 6% margin and a 335 basis point improvement year-over-year.
Annual Recurring Revenue (ARR) stood at $354.6 million at quarter-end, a 3% increase year-over-year, with enterprise ARR growing 6% to $269.3 million. Average Revenue Per Account (ARPA) for enterprise accounts rose to $46,403, a 9% increase year-over-year, marking the seventh consecutive quarter of accelerating ARPA growth.
For the fourth quarter of 2024, BigCommerce expects revenue between $86.8 million and $87.8 million, and non-GAAP operating income between $2.5 million and $3.5 million. The full year 2024 outlook projects revenue between $330.5 million and $331.5 million, with non-GAAP operating income between $10.5 million and $11.5 million.
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