Similarweb(US:SMWB)2024-02-14 13:31Financial Performance & Metrics - Q4 2023 revenue reached $56.8 million, representing an 11% year-over-year growth[20] - Q4 2023 Revenue Annualized is $227 million (Q4 2023 Revenue * 4)[20] - The company's Remaining Performance Obligations (RPO) is $195 million, with 80% expected to be recognized over the next 12 months[20] - Gross margin for Q4 2023 was 81%[20] - 57% of total ARR (Annual Recurring Revenue) comes from customers with $100K+ ARR[20] - Dollar-based net retention rate for $100K+ ARR customers in Q4 2023 was 107%[20] - Non-GAAP operating margin was 8% in Q4 2023[71] - Non-GAAP Normalized Free Cash Flow margin was 6% in Q4 2023[71] Customer Base - The company has over 4,700 customers[52] Market Opportunity - The company's Total Addressable Market (TAM) is $52 billion[9] - The company serves Small and Medium Enterprises (SME) with 1-500 employees, totaling 400 million globally[9] - The company also targets Large Enterprises with 500+ employees, totaling 440,000 globally[9]