Bigmerce (US:BIGC)2025-11-06 12:11Revenue Performance - Total revenue for Q3 2025 was $86.0 million, an increase of 3% compared to Q3 2024[7] - Total annual revenue run-rate (ARR) as of September 30, 2025, was $355.7 million, up 2% year-over-year[7] - Subscription solutions revenue reached $64.7 million, reflecting a 3% increase from the same period last year[7] - ARR from enterprise accounts was $269.2 million, a 5% increase year-over-year, representing 76% of total ARR[7] - Revenue for Q3 2025 was $86,029,000, representing a 3.9% increase from $83,710,000 in Q3 2024[35] - Revenue for the three months ended September 30, 2025, was $86,029,000, an increase of 2.9% compared to $83,710,000 in the same period of 2024[41] Profitability Metrics - GAAP gross margin improved to 78%, up from 76% in Q3 2024, while non-GAAP gross margin rose to 79%[7] - Non-GAAP net income was $6.2 million, or 7% of revenue, compared to $4.4 million, or 5% of revenue, in Q3 2024[11] - Adjusted EBITDA for Q3 2025 was $8.8 million, an increase from $5.4 million in Q3 2024[9] - Net loss for Q3 2025 was $2,243,000, an improvement from a net loss of $6,993,000 in Q3 2024[35] - Non-GAAP operating income for the three months ended September 30, 2025, was $7,993,000, representing 9.3% of revenue, compared to $4,323,000 or 5.2% of revenue in 2024[41] - Adjusted EBITDA for the three months ended September 30, 2025, was $8,818,000, which is 10.3% of revenue, compared to $5,373,000 or 6.4% of revenue in 2024[42] Cash and Assets - Cash and cash equivalents totaled $143.2 million as of September 30, 2025[11] - Total current assets decreased to $215,952,000 as of September 30, 2025, down from $251,219,000 at the end of 2024[33] - Cash and cash equivalents at the end of Q3 2025 were $49,912,000, down from $88,877,000 at the end of 2024[33] - Net cash provided by operating activities for Q3 2025 was $10,553,000, compared to $5,573,000 in Q3 2024, indicating a significant increase[37] - The company reported a net cash provided by operating activities of $10,553,000 for the three months ended September 30, 2025, compared to $5,573,000 in 2024[47] Expenses - Operating expenses for Q3 2025 totaled $67,869,000, down from $83,064,000 in Q3 2024, showing a reduction of 18.2%[35] - Cost of revenue for the three months ended September 30, 2025, was $18,595,000, a decrease from $19,863,000 in 2024, resulting in a Non-GAAP cost of revenue of $18,018,000, or 20.9% of revenue[43] - Sales and marketing expenses for the three months ended September 30, 2025, were $36,281,000, with Non-GAAP sales and marketing expenses at $34,563,000, representing 40.2% of revenue[44] - Research and development expenses for the three months ended September 30, 2025, were $17,464,000, with Non-GAAP R&D expenses at $15,418,000, or 17.9% of revenue[45] - General and administrative expenses for the three months ended September 30, 2025, were $12,141,000, with Non-GAAP G&A expenses at $10,037,000, or 11.7% of revenue[46] Future Outlook - For Q4 2025, total revenue is expected to be between $87.8 million and $92.8 million, with non-GAAP operating income projected between $4.3 million and $9.3 million[17] - The company announced the launch of Feedonomics Surface, a new solution for connecting product catalogs to advertising channels[11]