SEMR · Semrush Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $443.64M | $376.81M | $307.68M | $254.32M | $124.88M |
| Cost of Revenue | $86.31M | $65.48M | $52.33M | $48.55M | $29.93M |
| Gross Profit | $357.34M | $311.34M | $255.35M | $205.76M | $94.94M |
| R&D | $97.17M | $80.08M | $57.44M | $41.20M | $17.53M |
| SG&A | $106.39M | $78.61M | $77.41M | $62.78M | $29.04M |
| Total Operating Expenses | $380.15M | $303.03M | $263.01M | $242.14M | $101.09M |
| D&A | $13.87M | $10.07M | $6.79M | $6.65M | $1.48M |
| Operating Income | ($22.81M) | $8.31M | ($7.67M) | ($36.37M) | ($6.14M) |
| Interest Expense | - | - | - | - | - |
| Income Tax | $9.39M | $13.03M | $3.70M | $931.0K | $577.0K |
| Net Income | ($18.96M) | $8.24M | $950.0K | ($33.85M) | ($7.01M) |
| EPS - Basic | ($0.13) | $0.06 | $0.01 | ($0.24) | ($0.07) |
| EPS - Diluted | ($0.13) | $0.06 | $0.01 | ($0.24) | ($0.07) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $264.28M | $48.88M | $58.85M | $79.77M | $269.67M |
| Accounts Receivable | $26.49M | $8.96M | $7.90M | $2.19M | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | $23.80M | $10.46M | $9.19M | $15.49M | $9.94M |
| Current Assets | $324.85M | $276.18M | $265.55M | $257.38M | $283.54M |
| Total Assets | $454.14M | $390.94M | $331.49M | $298.69M | $300.07M |
| Current Liabilities | $154.05M | $114.09M | $94.48M | $88.70M | $71.55M |
| Long-term Debt | - | - | - | - | - |
| Total Liabilities | $163.14M | $124.59M | $107.17M | $98.79M | $74.53M |
| Stockholders' Equity | $288.55M | $256.60M | $219.15M | $199.90M | $8.41M |
| Retained Earnings | ($82.72M) | ($63.76M) | ($72.00M) | ($72.95M) | ($39.10M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $59.58M | $47.00M | $7.99M | ($9.62M) | $5.85M |
| Investing Cash Flow | $162.94M | ($58.22M) | ($29.07M) | ($179.83M) | ($6.08M) |
| Financing Cash Flow | ($7.54M) | $1.87M | ($19.0K) | ($345.0K) | ($1.67M) |
| CapEx | $1.79M | $3.80M | $2.49M | $4.23M | $2.37M |
| Free Cash Flow | $57.79M | $43.19M | $5.50M | ($13.86M) | $3.48M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 80.5% | 82.6% | 83.0% | 80.9% | 76.0% |
| Operating margin | -5.1% | 2.2% | -2.5% | -14.3% | -4.9% |
| EBITDA margin | -2.0% | 4.9% | -0.3% | -11.7% | -3.7% |
| Net margin | -4.3% | 2.2% | 0.3% | -13.3% | -5.6% |
| Free cash flow margin | 13.0% | 11.5% | 1.8% | -5.4% | 2.8% |
| FCF / Net income | -3.05 | 5.24 | 5.79 | 0.41 | -0.50 |
| R&D / Revenue | 21.9% | 21.3% | 18.7% | 16.2% | 14.0% |
| SG&A / Revenue | 24.0% | 20.9% | 25.2% | 24.7% | 23.3% |
| Effective tax rate | - | 61.3% | 79.6% | - | - |
| Return on assets | -4.2% | 2.1% | 0.3% | -11.3% | -2.3% |
| Return on equity | -6.6% | 3.2% | 0.4% | -16.9% | -83.4% |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 2.11 | 2.42 | 2.81 | 2.90 | 3.96 |
| Quick ratio | 2.11 | 2.42 | 2.81 | 2.90 | 3.96 |
| Cash ratio | 1.72 | 0.43 | 0.62 | 0.90 | 3.77 |
| Leverage | |||||
| Debt / Equity | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | 1.57 | 1.52 | 1.51 | 1.49 | 35.70 |
| Liabilities / Assets | 0.36 | 0.32 | 0.32 | 0.33 | 0.25 |
| Efficiency | |||||
| Asset turnover | 0.98 | 0.96 | 0.93 | 0.85 | 0.42 |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 22d | 9d | 9d | 3d | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | 101d | 58d | 64d | 116d | 121d |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | 198.0x | 1366.0x | - | - |
| P / B | 6.1x | 6.9x | 9.1x | 5.7x | 235.1x |
| P / S | 4.0x | 4.7x | 6.5x | 4.5x | 15.8x |
| EV / EBITDA | - | 93.6x | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 17.7% | 22.5% | 21.0% | 103.7% | - |
| Revenue CAGR (3y) | 20.4% | 44.5% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | 14.8% | 21.9% | 24.1% | 116.7% | - |
| Operating income growth (YoY) | - | - | 78.9% | -491.9% | - |
| Net income growth (YoY) | - | 766.9% | - | -382.7% | - |
| EPS growth (YoY) | - | 500.0% | - | -242.9% | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | 33.8% | 685.3% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | 12.4% | 17.1% | 9.6% | 2278.1% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$443.64M totalReportable Segment$443.64M · 100.0%
Geographic
$443.64M totalUS$219.38M · 49.5%
Other Geographical Area$184.22M · 41.5%
GB$40.04M · 9.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.68
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing SEMrush Holdings against the 5 most active filers in the same SIC group.