Similarweb Ltd Financials

SMWB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Similarweb Ltd (SMWB) 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 28/100

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

Profitability

Similarweb Ltd has an operating margin of -3.9%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -13.2% the prior year.

Growth

Similarweb Ltd's revenue grew 14.6% year-over-year to $249.9M, a solid pace of expansion. This earns a growth score of 70/100.

Leverage

Similarweb Ltd has elevated debt relative to equity (D/E of 7.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Similarweb Ltd's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 12/100, which could limit financial flexibility.

Cash Flow

Similarweb Ltd 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.

Piotroski F-Score Neutral

5/9

Similarweb Ltd passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-2.63x

For every $1 of reported earnings, Similarweb Ltd generates $-2.63 in operating cash flow ($30.2M OCF vs -$11.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$249.9M

YoY+14.6%

5Y CAGR+28.8%

Similarweb Ltd generated $249.9M in revenue in fiscal year 2024. This represents an increase of 14.6% from the prior year.

EBITDA

$864K

YoY+104.7%

Similarweb Ltd's EBITDA was $864K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 104.7% from the prior year.

Free Cash Flow

$28.7M

YoY+725.3%

Similarweb Ltd generated $28.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 725.3% from the prior year.

Net Income

-$11.5M

YoY+61.0%

Similarweb Ltd reported -$11.5M in net income in fiscal year 2024. This represents an increase of 61.0% from the prior year.

EPS (Diluted)

$-0.14

YoY+63.2%

Similarweb Ltd earned $-0.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 63.2% from the prior year.

Cash & Debt

$63.9M

YoY-11.0%

5Y CAGR+55.5%

Similarweb Ltd held $63.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

83M

YoY+5.0%

Similarweb Ltd had 83M shares outstanding in fiscal year 2024. This represents an increase of 5.0% from the prior year.

Gross Margin

78.1%

YoY-0.3pp

5Y CAGR+7.1pp

Similarweb Ltd's gross margin was 78.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin

-3.9%

YoY+9.3pp

5Y CAGR+18.9pp

Similarweb Ltd's operating margin was -3.9% in fiscal year 2024, reflecting core business profitability. This is up 9.3 percentage points from the prior year.

Net Margin

-4.6%

YoY+8.9pp

5Y CAGR+20.5pp

Similarweb Ltd's net profit margin was -4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$55.6M

YoY-1.0%

5Y CAGR+28.0%

Similarweb Ltd invested $55.6M in research and development in fiscal year 2024. This represents a decrease of 1.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.4M

YoY-8.3%

5Y CAGR+38.2%

Similarweb Ltd invested $1.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 8.3% from the prior year.

SMWB Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$249.9M+14.6%	$218.0M+12.8%	$193.2M+40.4%	$137.7M+47.3%	$93.5M+32.4%	$70.6M
Cost of Revenue	$54.8M+16.4%	$47.1M-11.6%	$53.3M+67.8%	$31.8M+48.3%	$21.4M+4.4%	$20.5M
Gross Profit	$195.1M+14.1%	$170.9M+22.1%	$140.0M+32.1%	$105.9M+47.0%	$72.1M+43.9%	$50.1M
R&D Expenses	$55.6M-1.0%	$56.2M-6.3%	$59.9M+35.0%	$44.4M+100.9%	$22.1M+36.2%	$16.2M
SG&A Expenses	$43.7M+3.1%	$42.4M-6.4%	$45.3M+34.0%	$33.8M+111.7%	$16.0M+44.6%	$11.0M
Operating Income	-$9.7M+66.5%	-$28.8M+67.2%	-$87.9M-32.9%	-$66.1M-236.0%	-$19.7M-22.1%	-$16.1M
Interest Expense	N/A	N/A	N/A	$1.9M+12.4%	$1.7M+47.9%	$1.1M
Income Tax	$1.9M+27.9%	$1.5M+192.1%	$516K-47.4%	$981K+53.3%	$640K+39.7%	$458K
Net Income	-$11.5M+61.0%	-$29.4M+64.9%	-$83.7M-21.3%	-$69.0M-213.6%	-$22.0M-24.2%	-$17.7M
EPS (Diluted)	$-0.14+63.2%	$-0.38+65.5%	$-1.10+15.4%	$-1.30	$-1.58-19.7%	$-1.32

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

SMWB Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$242.9M+1.6%	$239.0M-2.9%	$246.0M+8.4%	$227.0M+119.0%	$103.6M	N/A
Current Assets	$141.4M-3.4%	$146.4M+3.0%	$142.2M-24.2%	$187.7M+112.7%	$88.2M	N/A
Cash & Equivalents	$63.9M-11.0%	$71.7M-7.8%	$77.8M-39.6%	$128.9M+438.3%	$23.9M+240.4%	$7.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$51.0M+6.5%	$47.9M+25.5%	$38.1M+23.0%	$31.0M+22.8%	$25.3M	N/A
Goodwill	$25.3M+96.4%	$12.9M0.0%	$12.9M+13.7%	$11.3M+294.6%	$2.9M	N/A
Total Liabilities	$215.4M-3.6%	$223.5M-0.3%	$224.1M+57.7%	$142.1M-42.9%	$248.7M	N/A
Current Liabilities	$177.2M-3.8%	$184.2M+1.8%	$180.9M+34.9%	$134.1M+23.8%	$108.4M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$27.5M+76.9%	$15.5M-29.2%	$22.0M-74.1%	$84.9M+158.5%	-$145.1M-12.2%	-$129.2M
Retained Earnings	-$364.6M-3.2%	-$353.1M-9.1%	-$323.7M-34.8%	-$240.1M-40.3%	-$171.1M	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$242.9M+1.6%	$239.0M-2.9%	$246.0M+8.4%	$227.0M+119.0%	$103.6M
Current Assets	$141.4M-3.4%	$146.4M+3.0%	$142.2M-24.2%	$187.7M+112.7%	$88.2M
Cash & Equivalents	$63.9M-11.0%	$71.7M-7.8%	$77.8M-39.6%	$128.9M+438.3%	$23.9M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$51.0M+6.5%	$47.9M+25.5%	$38.1M+23.0%	$31.0M+22.8%	$25.3M
Goodwill	$25.3M+96.4%	$12.9M0.0%	$12.9M+13.7%	$11.3M+294.6%	$2.9M
Total Liabilities	$215.4M-3.6%	$223.5M-0.3%	$224.1M+57.7%	$142.1M-42.9%	$248.7M
Current Liabilities	$177.2M-3.8%	$184.2M+1.8%	$180.9M+34.9%	$134.1M+23.8%	$108.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$27.5M+76.9%	$15.5M-29.2%	$22.0M-74.1%	$84.9M+158.5%	-$145.1M
Retained Earnings	-$364.6M-3.2%	-$353.1M-9.1%	-$323.7M-34.8%	-$240.1M-40.3%	-$171.1M

SMWB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$30.2M+1093.2%	-$3.0M+93.4%	-$46.1M-66.8%	-$27.6M-634.7%	-$3.8M+61.2%	-$9.7M
Capital Expenditures	$1.4M-8.3%	$1.6M-94.5%	$28.3M+1122.7%	$2.3M+209.0%	$748K+163.4%	$284K
Free Cash Flow	$28.7M+725.3%	-$4.6M+93.8%	-$74.3M-148.3%	-$29.9M-564.1%	-$4.5M+54.8%	-$10.0M
Investing Cash Flow	-$18.7M-623.1%	-$2.6M+92.2%	-$33.0M-548.5%	$7.4M+123.9%	-$30.8M-6521.7%	$479K
Financing Cash Flow	-$18.8M-1680.3%	$1.2M-95.9%	$29.1M-76.8%	$125.2M+144.5%	$51.2M+393.1%	$10.4M
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	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

SMWB Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	78.1%-0.3pp	78.4%+6.0pp	72.4%-4.5pp	76.9%-0.2pp	77.1%+6.2pp	70.9%
Operating Margin	-3.9%+9.3pp	-13.2%+32.3pp	-45.5%+2.6pp	-48.0%-27.0pp	-21.0%+1.8pp	-22.8%
Net Margin	-4.6%+8.9pp	-13.5%+29.8pp	-43.3%+6.8pp	-50.1%-26.6pp	-23.5%+1.6pp	-25.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-4.7%+7.6pp	-12.3%+21.7pp	-34.0%-3.6pp	-30.4%-9.2pp	-21.2%	N/A
Current Ratio	0.800.0	0.790.0	0.79-0.6	1.40+0.6	0.81	N/A
Debt-to-Equity	7.83-6.5	14.37+4.2	10.21+8.5	1.67+3.4	-1.71	N/A
FCF Margin	11.5%+13.6pp	-2.1%+36.4pp	-38.5%-16.7pp	-21.8%-16.9pp	-4.8%+9.3pp	-14.1%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.800.0	0.790.0	0.79-0.6	1.40+0.6	0.81
Debt-to-Equity	7.83-6.5	14.37+4.2	10.21+8.5	1.67+3.4	-1.71
FCF Margin	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Similarweb Ltd's annual revenue?

Similarweb Ltd (SMWB) reported $249.9M in total revenue for fiscal year 2024. This represents a 14.6% 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 Similarweb Ltd's revenue growing?

Similarweb Ltd (SMWB) revenue grew by 14.6% year-over-year, from $218.0M to $249.9M in fiscal year 2024.

Is Similarweb Ltd profitable?

No, Similarweb Ltd (SMWB) reported a net income of -$11.5M in fiscal year 2024, with a net profit margin of -4.6%.

What is Similarweb Ltd's earnings per share (EPS)?

Similarweb Ltd (SMWB) reported diluted earnings per share of $-0.14 for fiscal year 2024. This represents a 63.2% 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 Similarweb Ltd's EBITDA?

Similarweb Ltd (SMWB) had EBITDA of $864K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Similarweb Ltd's gross margin?

Similarweb Ltd (SMWB) had a gross margin of 78.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Similarweb Ltd's operating margin?

Similarweb Ltd (SMWB) had an operating margin of -3.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Similarweb Ltd's net profit margin?

Similarweb Ltd (SMWB) had a net profit margin of -4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Similarweb Ltd's free cash flow?

Similarweb Ltd (SMWB) generated $28.7M in free cash flow during fiscal year 2024. This represents a 725.3% 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 Similarweb Ltd's operating cash flow?

Similarweb Ltd (SMWB) generated $30.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Similarweb Ltd's total assets?

Similarweb Ltd (SMWB) had $242.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Similarweb Ltd's capital expenditures?

Similarweb Ltd (SMWB) invested $1.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Similarweb Ltd spend on research and development?

Similarweb Ltd (SMWB) invested $55.6M in research and development during fiscal year 2024.

How many shares does Similarweb Ltd have outstanding?

Similarweb Ltd (SMWB) had 83M shares outstanding as of fiscal year 2024.

What is Similarweb Ltd's current ratio?

Similarweb Ltd (SMWB) had a current ratio of 0.80 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Similarweb Ltd's debt-to-equity ratio?

Similarweb Ltd (SMWB) had a debt-to-equity ratio of 7.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Similarweb Ltd's return on assets (ROA)?

Similarweb Ltd (SMWB) had a return on assets of -4.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Similarweb Ltd's Piotroski F-Score?

Similarweb Ltd (SMWB) 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 Similarweb Ltd's earnings high quality?

Similarweb Ltd (SMWB) has an earnings quality ratio of -2.63x, considered mixed 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 Similarweb Ltd?

Similarweb Ltd (SMWB) scores 28 out of 100 on our Financial Profile, indicating weak 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.