10-Q
Quarterly Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
62 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 45,083,000 | 58,848,000 |
Short-term investments | 187,796,000 | 179,721,000 |
U.S. treasury securities | 187,796,000 | 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 | 187,796,000 | 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 | 187,796,000 | 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 | 9,920,000 | — |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Commercial paper | 0 | — |
Fair Value, Recurring - Commercial paper | 9,920,000 | — |
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 | 3,112,000 | — |
Fair Value, Recurring - Convertible debt securities | 3,112,000 | — |
Accounts receivable | 9,344,000 | 7,897,000 |
Deferred contract costs, current portion | 9,755,000 | 9,074,000 |
Prepaid expenses and other current assets | 20,429,000 | 10,014,000 |
Total current assets | 272,407,000 | 265,554,000 |
Property and equipment, net | 7,220,000 | 6,686,000 |
Operating lease right-of-use assets | 11,048,000 | 14,069,000 |
Intangible assets, net | 30,746,000 | 16,083,000 |
Goodwill | 54,299,000 | 24,879,000 |
Ryte | 10,489,000 | — |
Brand24 | 15,846,000 | — |
Datos | 16,791,000 | — |
Deferred contract costs, net of current portion | 2,722,000 | 3,586,000 |
Other long-term assets | 5,355,000 | 633,000 |
Total assets | 383,797,000 | 331,490,000 |
Liabilities, noncontrolling interest, and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 11,541,000 | 9,187,000 |
Accrued expenses | 20,284,000 | 19,891,000 |
Deferred revenue | 68,996,000 | 58,310,000 |
Current portion of operating lease liabilities | 4,768,000 | 4,274,000 |
Other current liabilities | 7,462,000 | 2,817,000 |
Total current liabilities | 113,051,000 | 94,479,000 |
Noncurrent liabilities | ||
Deferred revenue, net of current portion | 210,000 | 331,000 |
Deferred tax liability | 1,965,000 | 839,000 |
Operating lease liabilities, net of current portion | 7,315,000 | 10,331,000 |
Other long-term liabilities | 2,261,000 | 1,195,000 |
Total liabilities | 124,802,000 | 107,175,000 |
Stockholders' equity | ||
Class A Common Stock | 1,000 | 1,000 |
Class B Common Stock | 0 | 0 |
Additional paid-in capital | 313,924,000 | 291,898,000 |
Accumulated other comprehensive income (loss) | 1,700,000 | (752,000) |
Accumulated deficit | (67,107,000) | (71,998,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 248,518,000 | 219,149,000 |
Noncontrolling interest in consolidated subsidiaries | 10,477,000 | 5,166,000 |
Total stockholders’ equity | 258,995,000 | 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 | 313,924,000 | 291,898,000 |
Accumulated Other Comprehensive Income (Loss) | 1,700,000 | (752,000) |
Accumulated Deficit | (67,107,000) | (71,998,000) |
Total Stockholders’ Equity Attributable to Semrush Holdings, Inc. | 248,518,000 | 219,149,000 |
Noncontrolling Interest | 10,477,000 | 5,166,000 |
Total liabilities, noncontrolling interest and stockholders' equity | 383,797,000 | 331,490,000 |