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      "text": "Gross profit ($M) 1Q20: $26M, 78% Gross margins; 2Q20: $29M, 79% Gross margins; 3Q20: $31M, 79% Gross margins; 4Q20: $33M, 77% Gross margins; 1Q21: $38M, 81% Gross margins; 2Q21: $39M, 80% Gross margins; 3Q21: $47M, 80% Gross margins; 4Q21: $49M, 76% Gross margins; 1Q22: $50M, 75% Gross margins; 2Q22: $52M, 77% Gross margins",
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      "text": "% of total revenue: 76% (2019), 78% (2020), 79% (2021)",
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      "text": "Note: Non-GAAP gross profit and gross margin exclude the effect of stock-based compensation and related payroll tax expense. See appendix for reconciliation of Non-GAAP measures to GAAP.",
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      "text": "Maintaining gross margins in the mid to high 70s, while investing in additional service capabilities for both BigCommerce and Feedonomics",
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