SEMrush Holdings, Inc. (SEMR) Financials
Newest figures come from the 10-K for FY2025, filed Mar 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SEMR SEC filings page.
SEMrush Holdings, Inc. (SEMR) reported $443.6M in revenue for fiscal year 2025, up 17.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
SEMrush is growing, but higher operating spending and a thinner gross margin turned FY2025 growth into an operating loss.
In FY2025, cash conversion diverged from reported earnings: operating cash flow reached$59.6M while net income was a$19.0M loss. Free cash flow still reached$57.8M against just$1.8M of capital expenditures, indicating that the loss did not reflect heavy cash reinvestment; reported earnings and cash generation are measuring different pressures.
The margin shape points to cost growth outpacing monetization: revenue increased
The current ratio fell from 2.4x in FY2024 to 2.1x in FY2025, as short-term obligations expanded faster than current assets. More broadly, liabilities grew faster than assets—
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of SEMrush Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
SEMrush Holdings, Inc. has an operating margin of -5.1%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 27/100. This is down from 2.2% the prior year.
SEMrush Holdings, Inc.'s revenue surged 17.7% year-over-year to $443.6M, reflecting rapid business expansion. This strong growth earns a score of 81/100.
SEMrush Holdings, Inc.'s current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
SEMrush Holdings, Inc. converts 13.0% of revenue into free cash flow ($57.8M). This strong cash generation earns a score of 66/100.
SEMrush Holdings, Inc. posts a -6.6% return on equity (ROE), meaning it loses $7 for every $100 of shareholders' equity. This results in a returns score of 25/100. This is down from 3.2% the prior year.
SEMrush Holdings, Inc. scores 7.68, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $1.8B against total liabilities of $163.1M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
SEMrush Holdings, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
SEMrush Holdings, Inc. reported a net loss of $19.0M while generating $59.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
SEMrush Holdings, Inc. generated $117.7M in revenue in Q4 2025. This represents an increase of 14.6% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
SEMrush Holdings, Inc.'s EBITDA was -$7.9M in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 241.3% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SEMrush Holdings, Inc. reported a net loss of $11.1M in Q4 2025. This represents a decrease of 431.8% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SEMrush Holdings, Inc. earned -$0.08 per diluted share (EPS) in Q4 2025. This represents a decrease of 366.7% from the same quarter a year earlier.
Cash & Balance Sheet
SEMrush Holdings, Inc. generated $14.8M in free cash flow in Q4 2025, representing cash available after capex. This represents an increase of 28.5% from the same quarter a year earlier. Against the prior quarter it is down 31.0%.
SEMrush Holdings, Inc. held $264.3M in cash as of Q4 2025; no long-term debt figure is on record for that period.
Not reported for Q4 2025.
Margins & Returns
SEMrush Holdings, Inc.'s gross margin was 80.4% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.
SEMrush Holdings, Inc.'s operating margin was -11.8% in Q4 2025, reflecting core business profitability. This is down 13.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.8 percentage points.
SEMrush Holdings, Inc.'s net profit margin was -9.4% in Q4 2025, showing the share of revenue converted to profit. This is down 12.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.5 percentage points.
SEMrush Holdings, Inc.'s quarterly ROE was -3.8% in Q4 2025: one quarter's net income over shareholder equity, not annualized. This is down 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.1 percentage points.
Capital Allocation
SEMrush Holdings, Inc. invested $25.7M in research and development in Q4 2025. This represents an increase of 20.9% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.
SEMrush Holdings, Inc. invested $67K in capex in Q4 2025, funding long-term assets and infrastructure. This represents a decrease of 82.9% from the same quarter a year earlier. Against the prior quarter it is down 83.1%.
Not reported for Q4 2025.
SEMR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $117.7M+14.6% | $112.1M+15.1% | $108.9M+19.7% | $105.0M+22.4% | $102.6M+23.1% | $97.4M+23.7% | $91.0M+21.8% | $85.8M+21.1% |
| Cost of Revenue | $23.1M+22.8% | $22.2M+30.2% | $21.1M+41.1% | $19.9M+35.7% | $18.8M+37.5% | $17.1M+30.9% | $15.0M+15.3% | $14.6M+15.9% |
| Gross Profit | $94.6M+12.8% | $89.9M+11.8% | $87.8M+15.5% | $85.1M+19.6% | $83.8M+20.3% | $80.3M+22.3% | $76.0M+23.1% | $71.2M+22.2% |
| R&D Expenses | $25.7M+20.9% | $25.7M+15.9% | $23.8M+23.4% | $21.9M+26.6% | $21.3M+38.6% | $22.2M+57.6% | $19.3M+36.6% | $17.3M+24.7% |
| SG&A Expenses | $82.7M+36.1% | $68.6M+21.6% | $68.3M+28.2% | $63.3M+20.8% | $60.8M+17.7% | $56.5M+15.5% | $53.3M+7.4% | $52.4M-3.2% |
| Operating Income | -$13.9M-898.6% | -$4.5M-363.3% | -$4.3M-228.0% | -$74K-105.0% | $1.7M-35.1% | $1.7M-38.0% | $3.4Mn/m | $1.5Mn/m |
| EBITDA | -$7.9M-241.3% | -$2.3M-157.1% | -$2.1M-141.1% | $3.4M-8.2% | $5.6M+46.3% | $4.0M-16.8% | $5.1Mn/m | $3.7Mn/m |
| Income Tax | $1.2M-15.1% | $65K-98.3% | $4.7M+1.5% | $3.4M+10.9% | $1.4M-1.3% | $3.9M+512.1% | $4.6M+435.0% | $3.1M+289.5% |
| Net Income | -$11.1M-431.8% | -$2.1M-295.7% | -$6.6M-495.8% | $849K-60.3% | $3.3M-51.3% | $1.1M-74.0% | $1.7Mn/m | $2.1Mn/m |
| EPS (Basic) | -$0.08-366.7% | -$0.01 | -$0.04-500.0% | $0.01 | $0.03-40.0% | $0.01-66.7% | $0.01n/m | $0.01 |
| EPS (Diluted) | -$0.08-366.7% | -$0.01 | -$0.04-500.0% | $0.01 | $0.03-40.0% | $0.01-66.7% | $0.01n/m | $0.01 |
| Diluted Shares (Avg) | N/A | 149M | 148M-0.3% | 151M | N/A | 149M+2.2% | 149M+4.6% | 148M |
Not reported in any period shown, so not listed: Interest Expense.
SEMR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $454.1M+16.2% | $450.4M+17.4% | $424.9M+13.9% | $416.5M+21.9% | $390.9M+17.9% | $383.8M+27.1% | $372.9M+26.9% | $341.7M+15.6% |
| Current Assets | $324.8M+17.6% | $323.9M+18.9% | $301.1M+7.3% | $297.4M+7.5% | $276.2M+4.0% | $272.4M+4.6% | $280.6M+11.2% | $276.8M+8.5% |
| Cash & Equivalents | $264.3M+440.7% | $80.8M+79.2% | $54.3M-22.0% | $64.7M+56.2% | $48.9M-16.9% | $45.1M+9.5% | $69.6M+189.2% | $41.4M-27.2% |
| Short-Term Investments | $5.0M-97.3% | $0n/m | $0n/m | $0n/m | $186.7Mn/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $26.5M+195.8% | $17.0M+82.2% | $14.2M+57.2% | $11.0M+55.1% | $9.0M+13.4% | $9.3M+60.5% | $9.1M+111.4% | $7.1M+84.4% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $60.1M+7.1% | $59.8M+10.2% | $59.9M+47.5% | $57.7M+133.0% | $56.1M+125.6% | $54.3M+601.7% | $40.6M+417.4% | $24.8M+218.8% |
| Total Liabilities | $163.1M+30.9% | $151.9M+21.7% | $136.8M+10.5% | $138.3M+25.0% | $124.6M+16.3% | $124.8M+28.4% | $123.8M+26.3% | $110.7M+8.5% |
| Current Liabilities | $154.1M+35.0% | $141.3M+25.0% | $125.7M+12.2% | $126.7M+26.0% | $114.1M+20.8% | $113.1M+27.5% | $112.0M+26.1% | $100.5M+8.1% |
| Non-Current Liabilities | $9.1M-13.4% | $10.6M-9.9% | $11.1M-5.8% | $11.6M+14.6% | $10.5M-17.3% | $11.8M+37.7% | $11.8M+28.7% | $10.2M+12.2% |
| Total Equity | $288.6M+12.4% | $289.7M+16.6% | $279.0M+18.4% | $268.7M+18.9% | $256.6M+17.1% | $248.5M+21.4% | $235.6M+20.3% | $226.0M+16.8% |
| Retained Earnings | -$82.7Mn/m | -$71.6Mn/m | -$69.5Mn/m | -$62.9Mn/m | -$63.8Mn/m | -$67.1Mn/m | -$68.2Mn/m | -$69.9Mn/m |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SEMR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $14.9M+24.8% | $21.9M+168.9% | $684K-94.4% | $22.1M+49.6% | $11.9M+3.3% | $8.1M+28.1% | $12.1Mn/m | $14.8Mn/m |
| Depreciation & Amortization | $4.0M+33.5% | $2.2M-5.5% | $2.2M+30.8% | $3.4M+56.8% | $3.0M+50.0% | $2.3M+11.1% | $1.7M-17.3% | $2.2M+46.8% |
| Stock-Based Compensation | N/A | $13.0M+71.3% | $13.4M+87.5% | $9.1M+78.1% | N/A | $7.6M+80.2% | $7.2M+90.3% | $5.1M+82.9% |
| Capital Expenditures | $67K-82.9% | $397K-21.4% | $604K-71.9% | $725K-4.5% | $391K-72.5% | $505K+367.6% | $2.1M+211.6% | $759K+183.2% |
| Free Cash Flow | $14.8M+28.5% | $21.5M+181.5% | $80K-99.2% | $21.4M+52.5% | $11.5M+13.9% | $7.6M+22.2% | $10.0Mn/m | $14.0Mn/m |
| Investing Cash Flow | $175.1Mn/m | $4.9Mn/m | -$11.3M-144.0% | -$5.7Mn/m | -$7.1M-236.1% | -$44.9M-516.8% | $25.8Mn/m | -$32.0Mn/m |
| Financing Cash Flow | -$5.9Mn/m | -$521Kn/m | -$732K-134.4% | -$345K-179.5% | -$139K-115.3% | -$551Kn/m | $2.1Mn/m | $434Kn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SEMR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.4%-1.3pp | 80.2%-2.3pp | 80.6%-2.9pp | 81.1%-1.9pp | 81.7%-1.9pp | 82.5%-1.0pp | 83.5%+0.9pp | 82.9%+0.8pp |
| Operating Margin | -11.8%-13.5pp | -4.0%-5.8pp | -4.0%-7.7pp | -0.1%-1.8pp | 1.7%-1.5pp | 1.8%-1.7pp | 3.7%+6.9pp | 1.7%+16.9pp |
| Net Margin | -9.4%-12.7pp | -1.9%-3.0pp | -6.0%-7.8pp | 0.8%-1.7pp | 3.3%-5.0pp | 1.1%-4.2pp | 1.8%+2.2pp | 2.5%+16.4pp |
| Return on Equity | -3.8%-5.1pp | -0.7%-1.2pp | -2.4%-3.0pp | 0.3%-0.6pp | 1.3%-1.8pp | 0.4%-1.6pp | 0.7%+0.8pp | 0.9%+6.0pp |
| Return on Assets | -2.4%-3.3pp | -0.5%-0.8pp | -1.6%-2.0pp | 0.2%-0.4pp | 0.9%-1.2pp | 0.3%-1.1pp | 0.4%+0.5pp | 0.6%+4.0pp |
| Current Ratio | 2.11-0.3x | 2.29-0.1x | 2.40-0.1x | 2.35-0.4x | 2.42-0.4x | 2.41-0.5x | 2.51-0.3x | 2.750.0x |
| Liabilities-to-Equity | 0.57+0.1x | 0.520.0x | 0.490.0x | 0.510.0x | 0.490.0x | 0.500.0x | 0.530.0x | 0.490.0x |
| Asset Turnover | 0.260.0x | 0.250.0x | 0.260.0x | 0.250.0x | 0.260.0x | 0.250.0x | 0.240.0x | 0.250.0x |
| FCF Margin | 12.6%+1.4pp | 19.2%+11.3pp | 0.1%-10.9pp | 20.4%+4.0pp | 11.2%-0.9pp | 7.8%-0.1pp | 11.0%+20.4pp | 16.3%+21.8pp |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| SEMrush Holdings, Inc. SEMR | FY2025 | $443.6M | -$19.0M | -4.3% | $1.8B | 53/100 |
| Yalla Group Limited YALA | FY2025 | $341.9M | $148.1M | 43.3% | $850.2M | 82/100 |
| Fastly, Inc. FSLY | FY2025 | $624.0M | -$121.7M | -19.5% | $3.7B | 52/100 |
| Sprout Social, Inc SPT | FY2025 | $457.5M | -$43.3M | -9.5% | $769.5M | 47/100 |
Where SEMrush Holdings, Inc. Ranks
Frequently Asked Questions
What is SEMrush Holdings, Inc.'s annual revenue?
SEMrush Holdings, Inc. (SEMR) reported $443.6M in total revenue for fiscal year 2025. This represents a 17.7% 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 Holdings, Inc.'s revenue growing?
SEMrush Holdings, Inc. (SEMR) revenue grew by 17.7% year-over-year, from $376.8M to $443.6M in fiscal year 2025.
Is SEMrush Holdings, Inc. profitable?
No, SEMrush Holdings, Inc. (SEMR) reported a net loss of $19.0M in fiscal year 2025, with a net profit margin of -4.3%.
What is SEMrush Holdings, Inc.'s EBITDA?
SEMrush Holdings, Inc. (SEMR) had EBITDA of -$8.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is SEMrush Holdings, Inc.'s gross margin?
SEMrush Holdings, Inc. (SEMR) had a gross margin of 80.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is SEMrush Holdings, Inc.'s operating margin?
SEMrush Holdings, Inc. (SEMR) had an operating margin of -5.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is SEMrush Holdings, Inc.'s net profit margin?
SEMrush Holdings, Inc. (SEMR) had a net profit margin of -4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is SEMrush Holdings, Inc.'s return on equity (ROE)?
SEMrush Holdings, Inc. (SEMR) has a return on equity of -6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is SEMrush Holdings, Inc.'s free cash flow?
SEMrush Holdings, Inc. (SEMR) generated $57.8M in free cash flow during fiscal year 2025. This represents a 33.8% 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 Holdings, Inc.'s operating cash flow?
SEMrush Holdings, Inc. (SEMR) generated $59.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SEMrush Holdings, Inc.'s total assets?
SEMrush Holdings, Inc. (SEMR) had $454.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are SEMrush Holdings, Inc.'s capital expenditures?
SEMrush Holdings, Inc. (SEMR) invested $1.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does SEMrush Holdings, Inc. spend on research and development?
SEMrush Holdings, Inc. (SEMR) invested $97.2M in research and development during fiscal year 2025.
What is SEMrush Holdings, Inc.'s current ratio?
SEMrush Holdings, Inc. (SEMR) had a current ratio of 2.11 as of fiscal year 2025, which is generally considered healthy.
What is SEMrush Holdings, Inc.'s liabilities-to-equity ratio?
SEMrush Holdings, Inc. (SEMR) had a liabilities-to-equity ratio of 0.57 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is SEMrush Holdings, Inc.'s return on assets (ROA)?
SEMrush Holdings, Inc. (SEMR) had a return on assets of -4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SEMrush Holdings, Inc.'s Altman Z-Score?
SEMrush Holdings, Inc. (SEMR) has an Altman Z-Score of 7.68, 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 Holdings, Inc.'s Piotroski F-Score?
SEMrush Holdings, Inc. (SEMR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SEMrush Holdings, Inc.'s earnings high quality?
SEMrush Holdings, Inc. (SEMR) reported a net loss of $19.0M while generating $59.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Holdings, Inc.?
SEMrush Holdings, Inc. (SEMR) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.