Similarweb(US:SMWB)2024-08-07 13:00Financial Performance - Q2 2024 revenue reached $60.6 million, representing a 13% year-over-year growth[3] - Q2 2024 non-GAAP gross margin was 82%[3] - The company has $217 million in Remaining Performance Obligations (RPO), with 75% expected to be recognized over the next 12 months[3] - The dollar-based net retention rate (NRR) for customers with over $100K ARR was 109% in Q2 2024[3] - Non-GAAP operating margin was 9% in Q2 2024[38] - Non-GAAP Normalized Free Cash Flow was $6.3 million in Q2 2024[35] Business Model & Customer Base - 44% of Annual Recurring Revenue (ARR) comes from multi-year subscriptions[3] - 60% of total ARR is generated from customers with over $100K ARR[3] - The company serves over 5,000 customers across various industries[10] Market & Strategy - The company estimates its total addressable market (TAM) to be $52 billion[17] - The company's growth strategy includes growing within existing customers, accelerating customer acquisition, deepening the product portfolio, and pursuing M&A opportunities[20] Data & Technology - The company's digital data encompasses 235 million+ E-commerce product SKUs and 8 million+ mobile apps[5] - The company delivered 150M+ insights to drive smarter decision-making[13]