Semrush Hldgs Inc Financials

SEMR

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Semrush Hldgs Inc (SEMR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 57/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Semrush Hldgs Inc has an operating margin of 2.2%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 11/100, suggesting thin profitability after operating expenses. This is up from -2.5% the prior year.

Growth

Semrush Hldgs Inc's revenue surged 22.5% year-over-year to $376.8M, reflecting rapid business expansion. This strong growth earns a score of 93/100.

Leverage

Semrush Hldgs Inc carries a low D/E ratio of 0.49, meaning only $0.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.42, Semrush Hldgs Inc holds $2.42 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.

Cash Flow

Semrush Hldgs Inc has a free cash flow margin of 11.5%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Semrush Hldgs Inc generates a 3.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100. This is up from 0.4% the prior year.

Altman Z-Score Safe

9.92

Semrush Hldgs Inc scores 9.92, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.8B) relative to total liabilities ($124.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Semrush Hldgs Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

5.71x

For every $1 of reported earnings, Semrush Hldgs Inc generates $5.71 in operating cash flow ($47.0M OCF vs $8.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$376.8M

YoY+22.5%

5Y CAGR+32.5%

Semrush Hldgs Inc generated $376.8M in revenue in fiscal year 2024. This represents an increase of 22.5% from the prior year.

EBITDA

$18.4M

YoY+2195.3%

Semrush Hldgs Inc's EBITDA was $18.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2195.3% from the prior year.

Free Cash Flow

$43.2M

YoY+685.3%

5Y CAGR+118.2%

Semrush Hldgs Inc generated $43.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 685.3% from the prior year.

Net Income

$8.2M

YoY+766.9%

Semrush Hldgs Inc reported $8.2M in net income in fiscal year 2024. This represents an increase of 766.9% from the prior year.

EPS (Diluted)

$0.06

YoY+500.0%

Semrush Hldgs Inc earned $0.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 500.0% from the prior year.

Cash & Debt

$48.9M

YoY-16.9%

5Y CAGR+5.4%

Semrush Hldgs Inc held $48.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

82.6%

YoY-0.4pp

5Y CAGR+7.1pp

Semrush Hldgs Inc's gross margin was 82.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.

Operating Margin

2.2%

YoY+4.7pp

5Y CAGR+11.1pp

Semrush Hldgs Inc's operating margin was 2.2% in fiscal year 2024, reflecting core business profitability. This is up 4.7 percentage points from the prior year.

Net Margin

2.2%

YoY+1.9pp

5Y CAGR+13.2pp

Semrush Hldgs Inc's net profit margin was 2.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity

3.2%

YoY+2.8pp

Semrush Hldgs Inc's ROE was 3.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.8 percentage points from the prior year.

R&D Spending

$80.1M

YoY+39.4%

5Y CAGR+41.3%

Semrush Hldgs Inc invested $80.1M in research and development in fiscal year 2024. This represents an increase of 39.4% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$3.8M

YoY+52.9%

5Y CAGR+30.6%

Semrush Hldgs Inc invested $3.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 52.9% from the prior year.

SEMR Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$376.8M+22.5%	$307.7M+21.0%	$254.3M+35.3%	$188.0M+50.6%	$124.9M+35.6%	$92.1M
Cost of Revenue	$65.5M+25.1%	$52.3M+7.8%	$48.6M+15.8%	$41.9M+40.1%	$29.9M+32.8%	$22.5M
Gross Profit	$311.3M+21.9%	$255.3M+24.1%	$205.8M+40.9%	$146.1M+53.8%	$94.9M+36.5%	$69.6M
R&D Expenses	$80.1M+39.4%	$57.4M+39.4%	$41.2M+69.4%	$24.3M+38.8%	$17.5M+23.2%	$14.2M
SG&A Expenses	$78.6M+1.6%	$77.4M+23.3%	$62.8M+45.6%	$43.1M+48.5%	$29.0M+32.9%	$21.8M
Operating Income	$8.3M+208.4%	-$7.7M+78.9%	-$36.4M-1359.0%	-$2.5M+59.4%	-$6.1M+25.3%	-$8.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$13.0M+252.5%	$3.7M+297.0%	$931K+244.8%	$270K-53.2%	$577K+24.4%	$464K
Net Income	$8.2M+766.9%	$950K+102.8%	-$33.8M-930.4%	-$3.3M+53.2%	-$7.0M+31.0%	-$10.2M
EPS (Diluted)	$0.06+500.0%	$0.01+104.2%	$-0.24-700.0%	$-0.03+57.1%	$-0.07+36.4%	$-0.11

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	$112.1M+2.9%	$108.9M+3.7%	$105.0M+25.9%	$83.4M+5.9%	$78.7M+5.4%	$74.7M+5.4%	$70.9M+3.0%	$68.8M
Cost of Revenue	$22.2M+5.3%	$21.1M+6.2%	$19.9M+45.2%	$13.7M+5.0%	$13.0M+0.5%	$13.0M+2.6%	$12.6M+5.7%	$12.0M
Gross Profit	$89.9M+2.4%	$87.8M+3.1%	$85.1M+22.1%	$69.7M+6.1%	$65.7M+6.4%	$61.7M+6.0%	$58.2M+2.5%	$56.8M
R&D Expenses	$25.7M+8.0%	$23.8M+8.6%	$21.9M+42.6%	$15.4M+9.2%	$14.1M-0.3%	$14.1M+1.7%	$13.9M+4.7%	$13.3M
SG&A Expenses	$24.3M+4.2%	$23.3M+6.0%	$22.0M+6.7%	$20.6M+9.8%	$18.8M-3.2%	$19.4M+4.0%	$18.6M+7.2%	$17.4M
Operating Income	-$4.5M-3.3%	-$4.3M-5771.6%	-$74K-102.8%	$2.7M-2.4%	$2.7M+218.0%	-$2.3M+78.4%	-$10.8M+29.5%	-$15.3M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$65K-98.6%	$4.7M+37.1%	$3.4M+147.2%	$1.4M+118.7%	$637K-26.7%	$869K+9.0%	$797K+396.3%	-$269K
Net Income	-$2.1M+67.4%	-$6.6M-873.5%	$849K-87.6%	$6.9M+63.1%	$4.2M+1610.8%	-$279K+97.2%	-$9.9M+29.1%	-$13.9M
EPS (Diluted)	$-0.01+75.0%	$-0.04-500.0%	$0.01-80.0%	$0.05+66.7%	$0.03	$0.00+100.0%	$-0.07+30.0%	$-0.10

SEMR Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$390.9M+17.9%	$331.5M+11.0%	$298.7M-0.5%	$300.1M+446.0%	$55.0M	N/A
Current Assets	$276.2M+4.0%	$265.6M+3.2%	$257.4M-9.2%	$283.5M+549.9%	$43.6M	N/A
Cash & Equivalents	$48.9M-16.9%	$58.8M-26.2%	$79.8M-70.4%	$269.7M+659.0%	$35.5M-5.3%	$37.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$9.0M+13.4%	$7.9M+121.9%	$3.6M+62.5%	$2.2M	N/A	N/A
Goodwill	$56.1M+125.6%	$24.9M+281.1%	$6.5M+227.9%	$2.0M0.0%	$2.0M	$0
Total Liabilities	$124.6M+16.3%	$107.2M+8.5%	$98.8M+32.5%	$74.5M+20.6%	$61.8M	N/A
Current Liabilities	$114.1M+20.8%	$94.5M+6.5%	$88.7M+24.0%	$71.5M+66.7%	$42.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$256.6M+17.1%	$219.1M+9.6%	$199.9M-11.4%	$225.5M+3397.4%	-$6.8M-490.2%	-$1.2M
Retained Earnings	-$63.8M+11.4%	-$72.0M+1.3%	-$72.9M-86.6%	-$39.1M-9.2%	-$35.8M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$450.4M+6.0%	$424.9M+2.0%	$416.5M+25.6%	$331.5M+9.8%	$302.0M+2.7%	$293.9M-0.5%	$295.5M-1.1%	$298.7M
Current Assets	$323.9M+7.6%	$301.1M+1.2%	$297.4M+12.0%	$265.6M+1.9%	$260.5M+3.2%	$252.3M-1.1%	$255.1M-0.9%	$257.4M
Cash & Equivalents	$80.8M+48.7%	$54.3M-16.0%	$64.7M+9.9%	$58.8M+42.9%	$41.2M+71.1%	$24.1M-57.7%	$56.9M-28.7%	$79.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$17.0M+19.5%	$14.2M+29.1%	$11.0M+39.7%	$7.9M+35.7%	$5.8M+35.8%	$4.3M+11.1%	$3.9M+8.4%	$3.6M
Goodwill	$59.8M-0.2%	$59.9M+3.9%	$57.7M+131.9%	$24.9M+221.5%	$7.7M-1.5%	$7.9M+1.1%	$7.8M+18.9%	$6.5M
Total Liabilities	$151.9M+11.0%	$136.8M-1.1%	$138.3M+29.1%	$107.2M+10.3%	$97.2M-0.8%	$98.0M-4.0%	$102.0M+3.3%	$98.8M
Current Liabilities	$141.3M+12.4%	$125.7M-0.8%	$126.7M+34.1%	$94.5M+6.6%	$88.7M-0.2%	$88.8M-4.5%	$93.0M+4.8%	$88.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$289.7M+3.8%	$279.0M+3.9%	$268.7M+22.6%	$219.1M+7.0%	$204.8M+4.5%	$195.9M+1.3%	$193.5M-3.2%	$199.9M
Retained Earnings	-$71.6M-3.1%	-$69.5M-10.4%	-$62.9M+12.6%	-$72.0M+8.7%	-$78.9M+5.1%	-$83.1M-0.3%	-$82.8M-13.5%	-$72.9M

SEMR Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$47.0M+488.5%	$8.0M+183.0%	-$9.6M-140.5%	$23.8M+306.0%	$5.9M+212.1%	$1.9M
Capital Expenditures	$3.8M+52.9%	$2.5M-41.3%	$4.2M+77.9%	$2.4M+0.5%	$2.4M+136.5%	$1.0M
Free Cash Flow	$43.2M+685.3%	$5.5M+139.7%	-$13.9M-164.8%	$21.4M+513.5%	$3.5M+298.7%	$874K
Investing Cash Flow	-$58.2M-100.3%	-$29.1M+83.8%	-$179.8M-3781.5%	-$4.6M+23.8%	-$6.1M-423.1%	-$1.2M
Financing Cash Flow	$1.9M+9942.1%	-$19K+94.5%	-$345K-100.2%	$215.3M+12978.2%	-$1.7M-132.8%	$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$21.9M+3100.9%	$684K-96.9%	$22.1M+91.4%	$11.6M+81.8%	$6.4M+200.7%	-$6.3M-75.0%	-$3.6M+62.5%	-$9.6M
Capital Expenditures	$397K-34.3%	$604K-16.7%	$725K-49.0%	$1.4M+1215.7%	$108K-84.3%	$689K+157.1%	$268K+22.9%	$218K
Free Cash Flow	$21.5M+26771.2%	$80K-99.6%	$21.4M+111.1%	$10.1M+62.2%	$6.2M+189.2%	-$7.0M-80.6%	-$3.9M+60.6%	-$9.8M
Investing Cash Flow	$4.9M+142.9%	-$11.3M-99.5%	-$5.7M-208.3%	$5.3M-51.2%	$10.8M+141.1%	-$26.2M-38.7%	-$18.9M+88.1%	-$158.6M
Financing Cash Flow	-$521K+28.8%	-$732K-112.2%	-$345K-138.0%	$909K+418.9%	-$285K-48.4%	-$192K+57.4%	-$451K-159.2%	-$174K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SEMR Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	82.6%-0.4pp	83.0%+2.1pp	80.9%+3.2pp	77.7%+1.7pp	76.0%+0.5pp	75.5%
Operating Margin	2.2%+4.7pp	-2.5%+11.8pp	-14.3%-13.0pp	-1.3%+3.6pp	-4.9%+4.0pp	-8.9%
Net Margin	2.2%+1.9pp	0.3%+13.6pp	-13.3%-11.6pp	-1.8%+3.9pp	-5.6%+5.4pp	-11.0%
Return on Equity	3.2%+2.8pp	0.4%	N/A	N/A	N/A	N/A
Return on Assets	2.1%+1.8pp	0.3%+11.6pp	-11.3%-10.2pp	-1.1%+11.7pp	-12.8%	N/A
Current Ratio	2.42-0.4	2.81-0.1	2.90-1.1	3.96+2.9	1.02	N/A
Debt-to-Equity	0.490.0	0.490.0	0.49+0.2	0.33+9.4	-9.03	N/A
FCF Margin	11.5%+9.7pp	1.8%+7.2pp	-5.5%-16.8pp	11.4%+8.6pp	2.8%+1.8pp	0.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	80.2%-0.4pp	80.6%-0.5pp	81.1%-2.5pp	83.6%+0.1pp	83.4%+0.8pp	82.6%+0.5pp	82.2%-0.4pp	82.6%
Operating Margin	-4.0%-0.0pp	-4.0%-3.9pp	-0.1%-3.3pp	3.2%-0.3pp	3.5%+6.6pp	-3.1%+12.1pp	-15.2%+7.0pp	-22.2%
Net Margin	-1.9%+4.1pp	-6.0%-6.8pp	0.8%-7.4pp	8.2%+2.9pp	5.3%+5.7pp	-0.4%+13.5pp	-13.9%+6.3pp	-20.2%
Return on Equity	1.3%+0.6pp	0.7%+0.4pp	0.3%-2.8pp	3.1%+1.1pp	2.1%	N/A	N/A	N/A
Return on Assets	-0.5%+1.1pp	-1.6%-1.8pp	0.2%-1.9pp	2.1%+0.7pp	1.4%+1.5pp	-0.1%+3.3pp	-3.3%+1.3pp	-4.7%
Current Ratio	2.29-0.1	2.40+0.0	2.35-0.5	2.81-0.1	2.94+0.1	2.84+0.1	2.74-0.2	2.90
Debt-to-Equity	0.52+0.0	0.49-0.0	0.51+0.0	0.49+0.0	0.47-0.0	0.50-0.0	0.53+0.0	0.49
FCF Margin	19.2%+19.1pp	0.1%-20.3pp	20.4%+8.2pp	12.2%+4.2pp	7.9%+17.3pp	-9.4%-3.9pp	-5.5%+8.8pp	-14.3%

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Frequently Asked Questions

What is Semrush Hldgs Inc's annual revenue?

Semrush Hldgs Inc (SEMR) reported $376.8M in total revenue for fiscal year 2024. This represents a 22.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Semrush Hldgs Inc's revenue growing?

Semrush Hldgs Inc (SEMR) revenue grew by 22.5% year-over-year, from $307.7M to $376.8M in fiscal year 2024.

Is Semrush Hldgs Inc profitable?

Yes, Semrush Hldgs Inc (SEMR) reported a net income of $8.2M in fiscal year 2024, with a net profit margin of 2.2%.

What is Semrush Hldgs Inc's earnings per share (EPS)?

Semrush Hldgs Inc (SEMR) reported diluted earnings per share of $0.06 for fiscal year 2024. This represents a 500.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Semrush Hldgs Inc's EBITDA?

Semrush Hldgs Inc (SEMR) had EBITDA of $18.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Semrush Hldgs Inc's gross margin?

Semrush Hldgs Inc (SEMR) had a gross margin of 82.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Semrush Hldgs Inc's operating margin?

Semrush Hldgs Inc (SEMR) had an operating margin of 2.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Semrush Hldgs Inc's net profit margin?

Semrush Hldgs Inc (SEMR) had a net profit margin of 2.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Semrush Hldgs Inc's return on equity (ROE)?

Semrush Hldgs Inc (SEMR) has a return on equity of 3.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Semrush Hldgs Inc's free cash flow?

Semrush Hldgs Inc (SEMR) generated $43.2M in free cash flow during fiscal year 2024. This represents a 685.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Semrush Hldgs Inc's operating cash flow?

Semrush Hldgs Inc (SEMR) generated $47.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Semrush Hldgs Inc's total assets?

Semrush Hldgs Inc (SEMR) had $390.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Semrush Hldgs Inc's capital expenditures?

Semrush Hldgs Inc (SEMR) invested $3.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Semrush Hldgs Inc spend on research and development?

Semrush Hldgs Inc (SEMR) invested $80.1M in research and development during fiscal year 2024.

What is Semrush Hldgs Inc's current ratio?

Semrush Hldgs Inc (SEMR) had a current ratio of 2.42 as of fiscal year 2024, which is generally considered healthy.

What is Semrush Hldgs Inc's debt-to-equity ratio?

Semrush Hldgs Inc (SEMR) had a debt-to-equity ratio of 0.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Semrush Hldgs Inc's return on assets (ROA)?

Semrush Hldgs Inc (SEMR) had a return on assets of 2.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Semrush Hldgs Inc's Altman Z-Score?

Semrush Hldgs Inc (SEMR) has an Altman Z-Score of 9.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Semrush Hldgs Inc's Piotroski F-Score?

Semrush Hldgs Inc (SEMR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Semrush Hldgs Inc's earnings high quality?

Semrush Hldgs Inc (SEMR) has an earnings quality ratio of 5.71x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Semrush Hldgs Inc?

Semrush Hldgs Inc (SEMR) scores 57 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.