SEMR - Semrush Holdings, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$13.80
DETAILS
HIGH:
$18.00
LOW:
$9.00
MEDIAN:
$12.00
CONSENSUS:
$13.80
UPSIDE:
15.00%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 443.6 | 376.8 | 307.7 | 254.3 | 188.0 | 124.9 | 92.1 |
| Cost of Revenue | 86.3 | 65.5 | 52.3 | 48.6 | 41.9 | 29.9 | 22.5 |
| Gross Profit | 357.3 | 311.3 | 255.3 | 205.8 | 146.1 | 94.9 | 69.6 |
| Operating Expenses | |||||||
| R&D Expenses | 97.2 | 80.1 | 57.4 | 41.2 | 24.3 | 17.5 | 14.2 |
| SG&A Expenses | 283.0 | 222.9 | 204.3 | 189.7 | 124.2 | 83.6 | 63.6 |
| Other Expenses | 0 | 0 | 1.3 | 11.3 | 0 | 0 | 0 |
| Operating Expenses | 380.1 | 303.0 | 263.0 | 242.1 | 148.6 | 101.1 | 77.8 |
| Operating Income | |||||||
| Operating Income | (22.8) | 8.3 | (7.7) | (36.4) | (2.5) | (6.1) | (8.2) |
| Interest Expense | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 |
| Interest Income | 0 | 10.0 | 9.4 | 3.0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 1.7 | 18.4 | 0.4 | (18.5) | 1.1 | (4.7) | (8.7) |
| EBIT | (10.1) | 8.3 | (6.4) | (25.1) | (2.5) | (6.1) | (9.7) |
| Income Before Tax | (10.1) | 20.4 | 4.6 | (32.9) | (3.0) | (6.4) | (9.7) |
| Income Tax Expense | 9.4 | 13.0 | 3.7 | 0.9 | 0.3 | 0.6 | 0.5 |
| Net Income | (19.0) | 8.2 | 0.9 | (33.8) | (3.3) | (7.0) | (10.2) |
| Per Share Data | |||||||
| EPS (Basic) | -0.13 | 0.06 | 0.01 | -0.24 | -0.02 | -0.05 | -0.08 |
| EPS (Diluted) | -0.13 | 0.06 | 0.01 | -0.24 | -0.02 | -0.05 | -0.08 |
| Shares Outstanding | 148.5 | 145.9 | 142.6 | 141.2 | 140.7 | 134.9 | 134.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 264.3 | 48.9 | 58.8 | 79.8 | 269.7 | 35.5 | 37.4 |
| Short-Term Investments | 5.0 | 186.7 | 179.7 | 157.8 | 0 | 0 | 0 |
| Net Receivables | 26.5 | 9.0 | 7.9 | 3.6 | 2.2 | 1.4 | 1.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 29.1 | 31.7 | 19.1 | 16.3 | 6.3 | 4.0 | 3.0 |
| Total Current Assets | 324.8 | 276.2 | 265.6 | 257.4 | 283.5 | 43.6 | 44.8 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 16.6 | 17.7 | 20.8 | 20.1 | 8.3 | 3.0 | 1.6 |
| Goodwill | 60.1 | 56.1 | 24.9 | 6.5 | 2.0 | 2.0 | 0 |
| Intangible Assets | 40.7 | 32.1 | 16.1 | 10.3 | 2.9 | 2.2 | 0.4 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.8 | 8.9 | 4.2 | 4.4 | 3.4 | 4.1 | 0.8 |
| Total Non-Current Assets | 129.3 | 114.8 | 65.9 | 41.3 | 16.5 | 11.3 | 2.8 |
| Total Assets | 454.1 | 390.9 | 331.5 | 298.7 | 300.1 | 55.0 | 47.7 |
| Current Liabilities | |||||||
| Account Payables | 23.8 | 10.5 | 9.2 | 15.5 | 9.9 | 8.7 | 6.8 |
| Short-Term Debt | 5.4 | 4.7 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 93.2 | 71.8 | 58.3 | 49.4 | 40.2 | 26.5 | 19.2 |
| Other Current Liabilities | 31.7 | 16.3 | 11.1 | 8.8 | 14.5 | 4.9 | 3.2 |
| Total Current Liabilities | 154.1 | 114.1 | 94.5 | 88.7 | 71.5 | 42.9 | 30.1 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 7.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.5 | 1.6 | 0.8 | 0.0 | 0.3 | 0.2 | 0.2 |
| Other Non-Current Liabilities | 0.5 | 1.0 | 1.2 | 1.0 | 2.5 | 18.6 | 18.1 |
| Total Non-Current Liabilities | 9.1 | 10.5 | 12.7 | 10.1 | 3.0 | 18.9 | 18.7 |
| Total Liabilities | 163.1 | 124.6 | 107.2 | 98.8 | 74.5 | 61.8 | 48.8 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | (82.7) | (63.8) | (72.0) | (72.9) | (39.1) | (35.8) | (28.8) |
| Accumulated Other Comprehensive Income | 2.5 | (2.2) | (0.8) | (1.2) | (0.2) | 0 | 0 |
| Total Stockholders' Equity | 288.6 | 256.6 | 219.1 | 199.9 | 225.5 | (6.8) | (1.2) |
| Total Liabilities & Equity | 454.1 | 390.9 | 331.5 | 298.7 | 300.1 | 55.0 | 47.7 |
| Debt Metrics | |||||||
| Total Debt | 12.5 | 12.3 | 14.6 | 12.6 | 0 | 0 | 0 |
| Net Debt | (251.7) | (36.6) | (44.2) | (67.1) | (269.7) | (35.5) | (37.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (19.0) | 7.4 | 0.9 | (33.8) | (3.3) | (7.0) | (10.2) |
| Depreciation & Amortization | 11.8 | 10.1 | 6.8 | 6.7 | 3.5 | 1.5 | 1.1 |
| Stock-Based Compensation | 52.6 | 28.0 | 15.3 | 7.4 | 2.7 | 1.1 | 0.5 |
| Change in Working Capital | (5.3) | (11.5) | (21.3) | (4.5) | 14.0 | 5.8 | 6.4 |
| Other Non-Cash Items | 19.9 | 14.1 | 5.9 | 15.0 | 6.7 | 4.6 | 4.0 |
| Operating Cash Flow | 59.6 | 47.0 | 8.0 | (9.6) | 23.8 | 5.9 | 1.9 |
| Investing Activities | |||||||
| Capital Expenditure | (1.8) | (3.8) | (7.7) | (5.9) | (3.8) | (2.4) | (1.2) |
| Acquisitions | (5.6) | (25.9) | 0 | 0 | (0.3) | (2.7) | 0 |
| Purchases of Investments | (140.8) | (155.0) | (258.0) | (159.9) | (0.5) | 0 | 0 |
| Sales/Maturities of Investments | 324.6 | 147.5 | 241.6 | 0 | 1.4 | 0 | 0 |
| Other Investing Activities | (13.5) | (21.0) | (10.2) | (15.7) | (1.4) | 0 | (0.2) |
| Investing Cash Flow | 162.9 | (58.2) | (29.1) | (179.8) | (4.6) | (6.1) | (1.2) |
| Financing Activities | |||||||
| Net Debt Issuance | (1.3) | (2.2) | (2.5) | (2.1) | (1.4) | (0.3) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (10.1) | 0 | 2.5 | 1.7 | 1.3 | (1.6) | 0.1 |
| Financing Cash Flow | (7.5) | 1.9 | (0.0) | (0.3) | 215.3 | (1.7) | 5.1 |
| Cash Position | |||||||
| Net Change in Cash | 215.4 | (9.8) | (20.9) | (190.1) | 234.0 | (1.9) | 5.8 |
| Cash at Beginning | 49.1 | 58.8 | 79.8 | 269.8 | 35.6 | 37.4 | 31.7 |
| Cash at End | 264.5 | 49.1 | 58.8 | 79.8 | 269.6 | 35.5 | 37.5 |
| Free Cash Flow | 57.8 | 43.2 | 0.3 | (15.6) | 20.0 | 3.5 | 0.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 443.6 | 376.8 | 307.7 | 254.3 | 188.0 | 124.9 | 92.1 |
| Gross Profit | 357.3 | 311.3 | 255.3 | 205.8 | 146.1 | 94.9 | 69.6 |
| Operating Income | (22.8) | 8.3 | (7.7) | (36.4) | (2.5) | (6.1) | (8.2) |
| Net Income | (19.0) | 8.2 | 0.9 | (33.8) | (3.3) | (7.0) | (10.2) |
| EPS (Diluted) | -0.13 | 0.06 | 0.01 | -0.24 | -0.02 | -0.05 | -0.08 |
| Balance Sheet | |||||||
| Cash & Equivalents | 264.3 | 48.9 | 58.8 | 79.8 | 269.7 | 35.5 | 37.4 |
| Total Assets | 454.1 | 390.9 | 331.5 | 298.7 | 300.1 | 55.0 | 47.7 |
| Total Debt | 12.5 | 12.3 | 14.6 | 12.6 | 0 | 0 | 0 |
| Stockholders' Equity | 288.6 | 256.6 | 219.1 | 199.9 | 225.5 | (6.8) | (1.2) |
| Cash Flow | |||||||
| Operating Cash Flow | 59.6 | 47.0 | 8.0 | (9.6) | 23.8 | 5.9 | 1.9 |
| Capital Expenditure | (1.8) | (3.8) | (7.7) | (5.9) | (3.8) | (2.4) | (1.2) |
| Free Cash Flow | 57.8 | 43.2 | 0.3 | (15.6) | 20.0 | 3.5 | 0.7 |