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BIGCOMMERCE May 11 , 2021 BigCommerce Announces First Quarter Financial Results First Quarter Total Revenue of $ 46.7 Million , an Increase of 41 % Versus Prior Year Total ARR of $ 196.3 Million , an Increase of 43 % Versus Prior Year AUSTIN , Texas , May 11 , 2021 ( GLOBE NEWSWIRE ) -- BigCommerce Holdings , Inc. ( " BigCommerce " ) ( Nasdaq : BIGC ) , a leading Open SaaS ecommerce platform for fast - growing and established brands , today announced financial results for its first quarter ended March 31 , 2021 . " With first quarter revenue up 41 % over 2020 , we are following up three successive years of accelerating growth with another quarter of accelerating growth . This not only reflects our strategic differentiation but the ability of our merchants to grow with our platform , " said Brent Bellm , CEO at Big Commerce . " Every day , more merchants are realizing the benefits that an open , flexible SaaS platform like BigCommerce can provide , and we remain committed to providing our customers the competitive advantage needed in today's digital world . " First Quarter Financial Highlights : • Total revenue was $ 46.7 million , up 41 % compared to the first quarter of 2020 . • Total annual revenue run - rate ( ARR ) as of March 31 , 2021 was $ 196.3 million , up 43 % compared to March 31 , 2020 . • ARR from accounts with at least one Enterprise plan ( " Enterprise accounts " ) was $ 112.4 million as of March 31 , 2021 , up 58 % from March 31 , 2020 . • ARR from Enterprise accounts as a percent of total ARR was 57 % as of March 31 , 2021 , compared to 52 % as of March 31 , 2020 . • ARR from accounts greater than $ 2,000 in ACV was $ 163.7 million as of March 31 , 2021 , up 51 % from March 31 , 2020 . • ARR from Accounts greater than $ 2,000 in ACV as a percent of total ARR was 83 % , compared to 79 % as of March 31 , 2020 . First Quarter Financials : Other Key Business Metrics • Number of accounts greater than $ 2,000 in ACV was 10,509 , up 17 % compared to the first quarter of 2020 . ● Average revenue per account ( ARPA ) of accounts greater than $ 2,000 in ACV was $ 15,582 , up 29 % compared to the first quarter of 2020 . Operating Income / ( Loss ) • GAAP operating loss was ( $ 8.5 ) million , compared to ( $ 7.5 ) million in the first quarter of 2020 . • Non - GAAP operating loss was ( $ 3.1 ) million , compared to ( $ 6.4 ) million in the first quarter of 2020 . Net Income / ( Loss ) and Earnings Per Share • GAAP net loss was ( $ 8.5 ) million , compared to ( $ 4.0 ) million in the first quarter of 2020 . • Non - GAAP net loss was ( $ 3.1 ) million or ( 7 % ) of total revenue , compared to ( $ 7.4 ) million or ( 22 % ) of total revenue in the first quarter of 2020. The approximate 16 - point improvement in non - GAAP net loss as a percent of revenue was a result of the better operating leverage driven by strong PSR results and the continued efforts to manage spending . • GAAP net loss per share was ( $ 0.12 ) based on 69.8 million weighted - average shares of common stock outstanding , compared to ( $ 0.31 ) based on 18.6 million weighted - average shares of common stock outstanding in the first quarter of 2020 . • Non - GAAP net loss per share was ( $ 0.04 ) based on 69.8 million weighted - average shares of common stock outstanding , compared to ( $ 0.40 ) based on 18.6 million weighted - average shares of common stock outstanding in the first quarter of 2020 . Adjusted EBITDA • Adjusted EBITDA was ( $ 2.4 ) million , compared to ( $ 5.7 ) million in the first quarter of 2020. The improvement in Adjusted EBITDA was a result of higher margin PSR , and ongoing cost discipline .