Here are the 10-K annual reports from SEMrush Holdings, Inc. (SEMR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SEMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SEMR filings page.
Semrush Holdings, Inc. files an amended annual report to update Part III for the year ended December 31, 2025, adding full director, executive and compensation disclosures instead of incorporating a proxy statement. The filing details board composition, committee independence, and a pay‑for‑performance philosophy.
Non‑affiliate market value was about $562.7 million based on a $9.05 share price as of June 30, 2025. As of April 7, 2026, Semrush had 130,560,924 Class A and 20,619,818 Class B shares outstanding. The amendment also explains 2025 incentive metrics, Adobe transaction bonuses, and 2025–2026 equity awards.
Semrush Holdings, Inc. filed its Annual Report outlining 2025 results and a pending cash acquisition by Adobe. Under a signed merger agreement, each Class A and Class B share is expected to be converted into $12.00 in cash, after which Semrush would become a wholly owned Adobe subsidiary and be delisted from the NYSE.
Operationally, Semrush positions itself as a leading online visibility SaaS platform, expanding into AI and generative engine optimization. Annual recurring revenue rose to $471.4 million as of December 31, 2025, from $411.6 million a year earlier, while revenue grew to $443.6 million, up 18% year over year.
The company reported a 2025 net loss of $19.5 million after posting net income in 2023 and 2024, reflecting continued investment in growth and merger-related costs. The report highlights competitive pressures, rapid AI-driven changes in search, and specific risks tied to completing the Adobe transaction, including regulatory approvals, contractual restrictions, and ongoing stockholder litigation challenging merger disclosures.