10-Q
Quarterly Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
58 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 69,626,000 | 58,848,000 |
Short-term investments | 161,906,000 | 179,721,000 |
U.S. treasury securities | 161,906,000 | 179,721,000 |
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 | 161,906,000 | 179,721,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - U.S. treasury securities | 0 | 0 |
Fair Value, Recurring - U.S. treasury securities | 161,906,000 | 179,721,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - Commercial paper | 0 | — |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - Commercial paper | 19,939,000 | — |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Commercial paper | 0 | — |
Fair Value, Recurring - Commercial paper | 19,939,000 | — |
Accounts receivable | 9,060,000 | 7,897,000 |
Deferred contract costs, current portion | 9,738,000 | 9,074,000 |
Prepaid expenses and other current assets | 30,268,000 | 10,014,000 |
Total current assets | 280,598,000 | 265,554,000 |
Property and equipment, net | 7,395,000 | 6,686,000 |
Operating lease right-of-use assets | 11,812,000 | 14,069,000 |
Intangible assets, net | 26,948,000 | 16,083,000 |
Goodwill | 40,630,000 | 24,879,000 |
Brand24 | 15,846,000 | — |
Datos | 16,791,000 | — |
Deferred contract costs, net of current portion | 2,997,000 | 3,586,000 |
Other long-term assets | 2,568,000 | 633,000 |
Total assets | 372,948,000 | 331,490,000 |
Liabilities, redeemable noncontrolling interest, and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 11,199,000 | 9,187,000 |
Accrued expenses | 21,788,000 | 19,891,000 |
Deferred revenue | 66,589,000 | 58,310,000 |
Current portion of operating lease liabilities | 4,829,000 | 4,274,000 |
Other current liabilities | 7,601,000 | 2,817,000 |
Total current liabilities | 112,006,000 | 94,479,000 |
Noncurrent liabilities | ||
Deferred revenue, net of current portion | 237,000 | 331,000 |
Deferred tax liability | 1,932,000 | 839,000 |
Operating lease liabilities, net of current portion | 8,084,000 | 10,331,000 |
Other long-term liabilities | 1,534,000 | 1,195,000 |
Total liabilities | 123,793,000 | 107,175,000 |
Redeemable noncontrolling interest | 8,733,000 | — |
Stockholders' equity | ||
Class A Common Stock | 1,000 | 1,000 |
Class B Common Stock | 0 | 0 |
Additional paid-in capital | 306,103,000 | 291,898,000 |
Accumulated other comprehensive loss | (2,284,000) | (752,000) |
Accumulated deficit | (68,201,000) | (71,998,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 235,619,000 | 219,149,000 |
Noncontrolling interest in consolidated subsidiaries | 4,803,000 | 5,166,000 |
Total stockholders’ equity | 240,422,000 | 224,315,000 |
Class A Common Stock - Common Stock | 1,000 | 1,000 |
Class B Common Stock - Common Stock | 0 | 0 |
Additional Paid-in Capital | 306,103,000 | 291,898,000 |
Accumulated Other Comprehensive Loss | (2,284,000) | (752,000) |
Accumulated Deficit | (68,201,000) | (71,998,000) |
Parent | 235,619,000 | 219,149,000 |
Noncontrolling Interest | 4,803,000 | 5,166,000 |
Total liabilities, redeemable noncontrolling interest and stockholders' equity | 372,948,000 | 331,490,000 |