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BIGCOMMERCE November 4 , 2021 BigCommerce Announces Third Quarter Financial Results Third Quarter Total Revenue of $ 59.3 Million , an Increase of 49 % Versus Prior Year Total ARR of $ 253.5 Million , an Increase of 52 % Versus Prior Year AUSTIN , Texas , Nov. 04 , 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 third quarter ended September 30 , 2021 . " Q3 was a record quarter on many dimensions for BigCommerce , including our 49 % year - over - year revenue growth rate , which was our highest as a public company . This rapid growth reflects the success of our Open SaaS platform in serving ever - larger enterprise customers , B2B and headless use cases and new European markets , " said Brent Bellm , chief executive officer at BigCommerce . " Our financial results also incorporate the acquisition of Feedonomics , which provides BigCommerce merchants with market - leading capabilities in omnichannel advertising and selling across 100+ global marketplaces , search engines , social networks , and ad platforms . " Third Quarter Financial Highlights : • Total revenue was $ 59.3 million , up 49 % compared to the third quarter of 2020 . • Total annual revenue run - rate ( ARR ) as of September 30 , 2021 was $ 253.5 million , up 52 % compared to September 30 , 2020 . • Subscription revenue was $ 42.1 million , up 59 % compared to the third quarter of 2020 . • ARR from accounts with at least one enterprise plan ( " Enterprise Accounts " ) was $ 159.9 million as of September 30 , 2021 , up 78 % from September 30 , 2020. On an organic basis , Enterprise ARR was up over 50 % and incremental quarter on quarter Enterprise ARR grew at nearly three times the rate of just 7 quarters ago . • ARR from Enterprise Accounts as a percent of total ARR was 63 % as of September 30 , 2021 , compared to 54 % as of September 30 , 2020 . • ARR from accounts greater than $ 2,000 in ACV was $ 222.3 million as of September 30 , 2021 , up 65 % from September 30 , 2020 . • ARR from accounts greater than $ 2,000 in ACV as a percent of total ARR was 88 % , compared to 81 % as of September 30 , 2020 . • GAAP gross margin was 79 % , compared to 78 % as of September 30 , 2020. Non - GAAP gross margin was 80 % , compared to 79 % as of September 30 , 2020 . Third Quarter Financials : Other Key Business Metrics • Number of accounts greater than $ 2,000 in ACV was 12,378 , up 27 % compared to the third quarter of 2020 . • Average revenue per account ( ARPA ) of accounts greater than $ 2,000 in ACV was $ 17,960 , up 30 % compared to the third quarter of 2020 . • Revenue in the US grew by 47 % , compared to 59 % across combined international operations compared to the third quarter of 2020 . • Revenue in EMEA grew by 68 % and revenue in APAC grew by 55 % compared to the third quarter of 2020 . Operating Income / ( Loss ) • GAAP operating loss was ( $ 21.3 ) million , compared to ( $ 10.1 ) million in the third quarter of 2020 . • Non - GAAP operating loss was ( $ 3.8 ) million , compared to ( $ 7.2 ) million in the third quarter of 2020 . Net Income / ( Loss ) and Earnings Per Share • GAAP net loss was ( $ 21.7 ) million , compared to ( $ 10.9 ) million in the third quarter of 2020 . • Non - GAAP net loss was ( $ 4.2 ) million or ( 7 % ) of total revenue , compared to ( $ 8.0 ) million or ( 20 % ) of total revenue in the third quarter of 2020 . • GAAP net loss per share was ( $ 0.30 ) based on 71.4 million weighted - average shares of common stock outstanding , compared to ( $ 0.16 ) based on 49.4 million weighted - average shares of common stock outstanding in the third quarter of