The market expects SEMrush Holdings, Inc. (SEMR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected t ...

BOSTON--(BUSINESS WIRE)--Semrush Holdings, Inc. (NYSE: SEMR), a leading online visibility management SaaS platform, will present and host one-on-one investor meetings at the following investor conferences: KeyBanc Emerging Technology Summit Date: Wednesday, March 6, 2024 Fireside Chat Time: 2:30 p.m. PT Location: San Francisco, CA Morgan Stanley Technology, Media & Telecom Conference Date: Thursday, March 7, 2024 Fireside Chat Time: 9:30 a.m. PT Location: San Francisco, CA Conference fireside chats will ...

Investors might want to bet on SEMrush Holdings, Inc. (SEMR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

SEMrush Holdings, Inc. (SEMR) shares soared 11.1% in the last trading session to close at $12.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.8% loss over the past four weeks.SEMRush is benefiting from an expanding clientele. It had approximately 106,800 paying customers as of Sep 30, 2023, up nearly 14% year over year.This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which repre ...

Semrush Holdings, Inc. (NYSE:SEMR) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Brinlea Johnson - Investor Relations Oleg Shchegolev - Chief Executive Officer Eugene Levin - President Brian Mulroy - Chief Financial Officer Conference Call Participants Adam Hotchkiss - Goldman Sachs Chris Cantera - Morgan Stanley Rob Morelli - Needham & Company Michael Vidovic - KeyBanc Capital Markets Wayne Trinh - Piper Sandler Operator Thank you for standing by and welcome to the Semru ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40276 Semrush Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or O ...

Semrush Holdings, Inc. (NYSE:SEMR) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Brinlea Johnson – Investor Relations-The Blueshirt Group Oleg Shchegolev – Chief Executive Officer Eugene Levin – President Brian Mulroy – Chief Financial Officer Conference Call Participants Michael Turits – KeyBanc Parker Lane – Stifel Adam Hotchkiss – Goldman Sachs Elizabeth Porter – Morgan Stanley Scott Berg – Needham Operator Good morning, and welcome to Semrush Holdings Second Quarter 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40276 Semrush Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organi ...

Semrush Holdings, Inc. (NYSE:SEMR) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Brinlea Johnson - Investor Relations, Blueshirt Group Oleg Shchegolev - Chairman & Chief Executive Officer Eugene Levin - President Brian Mulroy - Chief Financial Officer Andrew Warden - Chief Marketing Officer Conference Call Participants Rob Morelli - Needham Matthew Kikkert - Stifel Michael Vidovic - KeyBanc Elizabeth Porter - Morgan Stanley James Heaney - Jefferies Operator Good morning. My na ...

Part I. Financial Information [Financial Statements](index=7&type=section&id=Item%201.%20Financial%20Statements) The company reported increased revenue but a wider net loss and negative operating cash flow for Q1 2023, with slight asset reduction [Unaudited Condensed Consolidated Balance Sheets](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets slightly decreased as of March 31, 2023, primarily due to reduced cash, while liabilities and deferred revenue increased Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $56,889 | $79,765 | | Short-term investments | $175,416 | $157,774 | | Total current assets | $255,131 | $257,379 | | Total assets | $295,500 | $298,690 | | **Liabilities & Equity** | | | | Deferred revenue | $56,255 | $49,354 | | Total current liabilities | $92,996 | $88,701 | | Total liabilities | $102,047 | $98,786 | | Total stockholders' equity | $193,453 | $199,904 | [Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Revenue increased 24% year-over-year, but a significant rise in operating expenses led to a wider operating and net loss for the quarter Statement of Operations Summary (in thousands, except per share data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Revenue | $70,870 | $57,128 | | Gross Profit | $58,231 | $45,541 | | Total Operating Expenses | $68,999 | $48,131 | | Loss from Operations | $(10,768) | $(2,590) | | Net Loss | $(9,860) | $(2,571) | | Net Loss Per Share (Basic & Diluted) | $(0.07) | $(0.02) | [Unaudited Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The company experienced negative cash flow from operations in Q1 2023, a reversal from the prior year, leading to a significant decrease in cash and equivalents Cash Flow Summary (in thousands) | Cash Flow Activity | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(3,609) | $8,026 | | Net cash used in investing activities | $(18,889) | $(16,656) | | Net cash used in financing activities | $(451) | $(13) | | Decrease in cash, cash equivalents and restricted cash | $(22,876) | $(9,902) | | Cash, cash equivalents and restricted cash, end of period | $56,889 | $259,939 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, recent acquisition, Russia exit costs, increased stock-based compensation, and the discontinuation of the ESPP - On February 23, 2023, the Company acquired certain assets of Traffic Think Tank for total cash consideration of **$1.8 million**. The acquisition's primary purpose was to acquire valuable brand and content related to its SEO community and courses[89](index=89&type=chunk) - During Q1 2023, the company incurred **$1.0 million** in exit costs related to its efforts to exit operations in Russia and relocate employees, which began in March 2022[102](index=102&type=chunk)[103](index=103&type=chunk) - The Employee Stock Purchase Plan (ESPP) was discontinued after the last purchase on February 28, 2023[130](index=130&type=chunk) - Revenue is primarily derived from monthly or annual subscriptions to the company's SaaS platform. For Q1 2023, subscription revenue accounted for nearly all of the company's revenue[40](index=40&type=chunk)[41](index=41&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses revenue growth driven by customer acquisition, widening operating loss due to strategic investments, and assesses liquidity as sufficient for the next 12 months [Key Factors Affecting Our Performance](index=35&type=section&id=Key%20Factors%20Affecting%20Our%20Performance) Performance is driven by customer acquisition and retention, with key metrics showing growth in paying customers and ARR, despite a slight decrease in retention rate Key Performance Indicators | Metric | March 31, 2023 | March 31, 2022 | | :--- | :--- | :--- | | Paying Customers | >100,000 | 87,000 | | Annual Recurring Revenue (ARR) | $293.0 million | $238.4 million | | ARR per Paying Customer | $2.9 thousand | $2.7 thousand | - The dollar-based net revenue retention rate was approximately **116%** as of March 31, 2023, compared to **118%** as of December 31, 2022[149](index=149&type=chunk) [Results of Operations Comparison](index=42&type=section&id=Results%20of%20Operations%20Comparison) Q1 2023 revenue increased 24% year-over-year, but significant increases in operating expenses, particularly Sales & Marketing and R&D, led to higher overall costs Revenue by Geography (in thousands) | Region | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | United States | $34,747 | $25,820 | | United Kingdom | $7,007 | $5,870 | | Other | $29,116 | $25,420 | | **Total Revenue** | **$70,870** | **$57,120** | Year-over-Year Change in Operating Expenses (in thousands) | Expense Category | Q1 2023 | Q1 2022 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Sales and marketing | $35,496 | $25,830 | +$9,666 | +37% | | Research and development | $13,880 | $8,138 | +$5,742 | +71% | | General and administrative | $18,640 | $14,163 | +$4,477 | +32% | | Exit costs | $983 | $0 | +$983 | N/A | [Liquidity and Capital Resources](index=46&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains sufficient liquidity with cash and investments, supplemented by an undrawn credit facility, despite negative operating cash flow in Q1 2023 - As of March 31, 2023, the company had cash and cash equivalents of **$56.9 million** and short-term investments of **$175.4 million**[189](index=189&type=chunk) - The company has a **$45.0 million** senior secured revolving credit facility that matures on January 12, 2024. As of March 31, 2023, no amount had been drawn on this facility[192](index=192&type=chunk)[193](index=193&type=chunk)[195](index=195&type=chunk) - Net cash used in operating activities was **$3.6 million** in Q1 2023, compared to net cash provided by operating activities of **$8.0 million** in Q1 2022[197](index=197&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company faces market risks from foreign currency fluctuations, primarily the euro, and interest rate changes on its short-term investment portfolio - The company is exposed to foreign currency risk as it incurs significant expenses in foreign currencies, primarily the euro. A hypothetical **10%** increase or decrease in the relative value of the U.S. dollar to the euro would result in a **$3.9 million** gain or loss[210](index=210&type=chunk) - Interest rate risk exists for the company's portfolio of cash, cash equivalents, and short-term investments (**$232.3 million** as of March 31, 2023). However, due to the short-term nature of the portfolio, a **10%** change in interest rates is not expected to have a material effect[209](index=209&type=chunk) [Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective due to material weaknesses in financial reporting, despite ongoing remediation efforts - Management concluded that disclosure controls and procedures were not effective as of March 31, 2023[212](index=212&type=chunk) - The ineffectiveness is due to material weaknesses in internal control over financial reporting related to deficiencies in controls over the financial statement close process and the cash disbursement process[213](index=213&type=chunk) - Remediation efforts are underway, including hiring additional qualified accounting personnel, engaging a professional accounting services firm, and enhancing the ERP system. However, the material weaknesses were not fully remediated as of March 31, 2023[215](index=215&type=chunk)[218](index=218&type=chunk) Part II. Other Information [Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its business or financial condition - The company currently believes that the ultimate costs to resolve any pending ordinary course legal matters will not have a material adverse effect on its business, operating results, financial condition, or cash flows[221](index=221&type=chunk) [Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including customer retention, intense competition, reliance on third-party data, evolving data privacy laws, and internal control weaknesses - **Business Risks:** The business is harmed if paying customers do not renew or upgrade subscriptions. The market is intensely competitive, and the company has a history of net losses[224](index=224&type=chunk)[229](index=229&type=chunk)[233](index=233&type=chunk) - **Data & Technology Risks:** Products depend on access to third-party data sources, which could be lost or become less favorable. Failures in third-party data centers or infrastructure could adversely affect business[234](index=234&type=chunk)[248](index=248&type=chunk) - **Security & Privacy Risks:** A security breach of confidential customer information could harm reputation and lead to significant liability. The company must comply with complex and evolving data protection laws like GDPR and CCPA[252](index=252&type=chunk)[292](index=292&type=chunk) - **Financial Control & Ownership Risks:** The company has identified material weaknesses in its internal control over financial reporting. The dual-class stock structure concentrates **81%** of voting power with pre-IPO stockholders, limiting the influence of new investors[325](index=325&type=chunk)[329](index=329&type=chunk)[360](index=360&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=88&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities and no material change in IPO proceeds usage during the quarter - There were no unregistered sales of equity securities in the period[372](index=372&type=chunk) - There has been no material change in the use of proceeds from the company's IPO[373](index=373&type=chunk) [Exhibits](index=88&type=section&id=Item%206.%20Exhibits) This section lists key exhibits filed with the Quarterly Report, including CFO employment agreements and required certifications - The report includes exhibits such as the offer letter for new CFO Brian Mulroy, the separation agreement for former CFO Evgeny Fetisov, and CEO/CFO certifications[376](index=376&type=chunk)