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  "documentTitle": "BigCommerce | Results Presentation Deck | 35 slides",
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  "presentationDate": "2022-11-01 00:00:00",
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      "text": "Operating expense as % of revenue\n2019: Sales & Marketing 53%, Research & Development 38%, General & Administrative 19%\n2020: Sales & Marketing 45%, Research & Development 30%, General & Administrative 21%\n2021: Sales & Marketing 41%, Research & Development 27%, General & Administrative 21%",
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      "text": "Operating expense as % of revenue\n1Q20: Sales & Marketing 47%, Research & Development 32%, General & Administrative 18%, Non-GAAP operating margin (19%)\n2Q20: Sales & Marketing 45%, Research & Development 30%, General & Administrative 20%, Non-GAAP operating margin (17%)\n3Q20: Sales & Marketing 46%, Research & Development 29%, General & Administrative 21%, Non-GAAP operating margin (18%)\n4Q20: Sales & Marketing 43%, Research & Development 29%, General & Administrative 22%, Non-GAAP operating margin (18%)\n1Q21: Sales & Marketing 41%, Research & Development 26%, General & Administrative 20%, Non-GAAP operating margin (7%)\n2Q21: Sales & Marketing 41%, Research & Development 27%, General & Administrative 21%, Non-GAAP operating margin (9%)\n3Q21: Sales & Marketing 41%, Research & Development 25%, General & Administrative 20%, Non-GAAP operating margin (6%)\n4Q21: Sales & Marketing 43%, Research & Development 28%, General & Administrative 23%, Non-GAAP operating margin (18%)\n1Q22: Sales & Marketing 45%, Research & Development 28%, General & Administrative 22%, Non-GAAP operating margin (19%)\n2Q22: Sales & Marketing 46%, Research & Development 28%, General & Administrative 23%, Non-GAAP operating margin (20%)\n3Q22: Sales & Marketing 44%, Research & Development 26%, General & Administrative 23%, Non-GAAP operating margin (16%)",
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      "text": "Sales & Marketing\nResearch & Development\nGeneral & Administrative",
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      "text": "Operating margin:\n(34%)\n(18%)\n(10%)",
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      "text": "Note: Non-GAAP operating expenses and operating margin exclude the effect of stock-based compensation and related payroll tax expense. See appendix for reconciliation of Non-GAAP measures to GAAP. Amounts may not add due to rounding.",
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      "kind": "title",
      "text": "Driving leverage while investing in significant growth initiatives in the mid-market and enterprise segments",
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