10-K
Annual Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
63 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 58,848,000 | 79,765,000 |
Short-term investments | 179,721,000 | 157,774,000 |
U.S. treasury securities | 179,721,000 | 153,501,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - U.S. treasury securities | 0 | 0 |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - U.S. treasury securities | 179,721,000 | 153,501,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - U.S. treasury securities | 0 | 0 |
Fair Value, Recurring - U.S. treasury securities | 179,721,000 | 153,501,000 |
Corporate securities | — | 4,273,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - Corporate securities | — | 0 |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - Corporate securities | — | 4,273,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Corporate securities | — | 0 |
Fair Value, Recurring - Corporate securities | — | 4,273,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - Convertible debt securities | — | 0 |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - Convertible debt securities | — | 0 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Convertible debt securities | — | 3,652,000 |
Fair Value, Recurring - Convertible debt securities | — | 3,652,000 |
Accounts receivable | 7,897,000 | 3,559,000 |
Deferred contract costs, current portion | 9,074,000 | 6,974,000 |
Prepaid expenses and other current assets | 10,014,000 | 9,307,000 |
Total current assets | 265,554,000 | 257,379,000 |
Property and equipment, net | 6,686,000 | 8,076,000 |
Operating lease right-of-use assets | 14,069,000 | 12,009,000 |
Intangible assets, net | 16,083,000 | 10,286,000 |
Goodwill | 24,879,000 | 6,529,000 |
Datos | 16,895,000 | — |
Deferred contract costs, net of current portion | 3,586,000 | 2,082,000 |
Other long-term assets | 633,000 | 2,329,000 |
Total assets | 331,490,000 | 298,690,000 |
Liabilities and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 9,187,000 | 15,495,000 |
Accrued expenses | 19,891,000 | 17,847,000 |
Deferred revenue | 58,310,000 | 49,354,000 |
Current portion of operating lease liabilities | 4,274,000 | 3,694,000 |
Other current liabilities | 2,817,000 | 2,311,000 |
Total current liabilities | 94,479,000 | 88,701,000 |
Deferred revenue, net of current portion | 331,000 | 122,000 |
Deferred tax liability | 839,000 | 11,000 |
Operating lease liabilities, net of current portion | 10,331,000 | 8,929,000 |
Other long-term liabilities | 1,195,000 | 1,023,000 |
Total liabilities | 107,175,000 | 98,786,000 |
Stockholders' equity | ||
Undesignated preferred stock, $0.00001 par value — 100,000 shares authorized, and no shares issued or outstanding as of December 31, 2023 or 2022 | 0 | 0 |
Common Class A | 1,000 | 0 |
Class B Common Stock | 0 | 1,000 |
Additional paid-in capital | 291,898,000 | 274,057,000 |
Accumulated other comprehensive loss | (752,000) | (1,206,000) |
Accumulated deficit | (71,998,000) | (72,948,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 219,149,000 | 199,904,000 |
Noncontrolling interest in consolidated subsidiary | 5,166,000 | 0 |
Total stockholders’ equity | 224,315,000 | 199,904,000 |
Series B - Preferred Stock | 0 | 0 |
Common Stock | 0 | 0 |
Common Class A - Common Stock | 1,000 | 0 |
Class B Common Stock - Common Stock | 0 | 1,000 |
Additional Paid-in Capital | 291,898,000 | 274,057,000 |
Accumulated Other Comprehensive Loss | (752,000) | (1,206,000) |
Accumulated Deficit | (71,998,000) | (72,948,000) |
Total Stockholders’ Equity (Deficit) Attributable to Semrush Holdings, Inc. | 219,149,000 | 199,904,000 |
Noncontrolling Interest in Consolidated Subsidiary | 5,166,000 | 0 |
Total liabilities and stockholders' equity | 331,490,000 | 298,690,000 |