BigCommerce Holdings, Inc. (Nasdaq: CMRC), a leader in the AI-driven commerce ecosystem, announced its financial results for the first quarter of 2026, showcasing a robust performance that reflects the company’s strategic shift from foundation-building to execution and monetization. CEO Travis Hess emphasized the company's strong start to the year, highlighting that they are well-positioned to capitalize on the evolving landscape of commerce, which is increasingly driven by AI and distributed across multiple channels.

2. First Quarter Financial Highlights

BigCommerce reported total revenue of $86.8 million for the quarter ending March 31, 2026, marking a 5% increase compared to the same period in 2025. This growth is attributed to the company’s continued focus on integrating payments, AI-driven commerce, and enhancing its core platform.

Revenue Breakdown

Annual Revenue Run-Rate (ARR): $359.8 million, up 3% year-over-year.

Subscription Solutions Revenue: $63.7 million, reflecting a 3% increase.

Gross Merchandise Volume (GMV): $8.3 billion, a significant 14% increase year-over-year.

Net Revenue Retention (NRR): Improved to 95.4%, compared to 95.0% in the previous year.

Margin Analysis

The company reported a GAAP gross margin of 77%, down slightly from 79% in Q1 2025. Non-GAAP gross margin also mirrored this trend, standing at 77% compared to 80% in the prior year.

3. Income and Earnings Overview

Operational Income

BigCommerce registered a GAAP income from operations of $5.8 million, a significant turnaround from a loss of $2.4 million in Q1 2025. The Non-GAAP operating income was reported at $12.4 million, up from $7.6 million in the same quarter last year.

Net Income and Earnings Per Share

GAAP Net Income: $3.7 million, compared to a net loss of $0.4 million in Q1 2025.

Non-GAAP Net Income: $10.4 million, or 12% of revenue, significantly better than $5.7 million, or 7% of revenue, in the previous year.

Earnings Per Share:

GAAP basic net income per share was $0.05, based on 82.0 million shares outstanding.

Non-GAAP basic net income per share also stood at $0.13.

Cash Flow and Liquidity

BigCommerce reported cash, cash equivalents, and marketable securities totaling $157.0 million as of March 31, 2026. The company generated $18.4 million in net cash from operating activities, a substantial increase from $0.4 million in Q1 2025. Additionally, free cash flow was reported at $14.1 million, up from a negative $2.9 million in the prior year.

4. Business Highlights

Corporate Developments

In recent announcements, BigCommerce introduced several innovative products and partnerships aimed at enhancing the merchant experience:

BigCommerce Payments by PayPal: Now available to U.S. merchants, this solution integrates payment processing directly into the platform.

Integration of PayPal’s Store Sync: This new feature allows merchants to seamlessly manage product catalogs and inventory across AI-powered shopping surfaces.

Expansion of Partnership with Stripe: This integration offers merchants access to a range of payment methods and advanced fraud prevention tools.

Endorsement of Google’s Universal Commerce Protocol: This standard facilitates seamless interactions across the shopping journey.

Customer Success Stories

BigCommerce also highlighted successful implementations by its clients, such as:

Nunu Trading International: A new B2B platform serving multiple European markets.

Optibac Probiotics: Launched a headless storefront, migrating over 4,300 subscriptions to enhance DTC capabilities.

Helix Linear: Went live on a headless storefront with B2B capabilities.

5. Financial Outlook for 2026

Looking ahead, BigCommerce anticipates:

Q2 2026 Total Revenue: Between $84.5 million and $85.5 million.

Non-GAAP Operating Income for Q2: Between $4 million and $5 million.

Full Year 2026 Total Revenue: Expected to range from $347.5 million to $369.5 million.

Full Year Non-GAAP Operating Income: Projected between $34 million and $53 million.

6. Conclusion

BigCommerce Holdings, Inc. has positioned itself for growth in the evolving e-commerce landscape. With strong Q1 results and strategic innovations, the company appears well-equipped to meet the demands of a rapidly changing market. As it continues to leverage its AI-driven platform and expand its service offerings, stakeholders will be keenly watching how these initiatives translate into sustained financial performance throughout 2026.

Original press release