10-K
Annual Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
68 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 48,875,000 | 58,848,000 |
Short-term investments | 186,693,000 | 179,721,000 |
U.S. treasury securities | 186,693,000 | 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 | 186,693,000 | 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 | 186,693,000 | 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 | 14,918,000 | — |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Commercial paper | 0 | — |
Fair Value, Recurring - Commercial paper | 14,918,000 | — |
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 | 3,593,000 | — |
Fair Value, Recurring - Convertible Debt Securities | 3,593,000 | — |
Accounts receivable | 8,955,000 | 7,897,000 |
Deferred contract costs, current portion | 10,044,000 | 9,074,000 |
Prepaid expenses and other current assets | 21,617,000 | 10,014,000 |
Total current assets | 276,184,000 | 265,554,000 |
Property and equipment, net | 6,534,000 | 6,686,000 |
Operating lease right-of-use assets | 11,126,000 | 14,069,000 |
Intangible assets, net | 32,055,000 | 16,083,000 |
Goodwill | 56,139,000 | 24,879,000 |
Third Door Media | 2,769,000 | — |
Ryte | 10,489,000 | — |
Brand24 | 16,375,000 | — |
Deferred contract costs, net of current portion | 3,080,000 | 3,586,000 |
Other long-term assets | 5,825,000 | 633,000 |
Total assets | 390,943,000 | 331,490,000 |
Liabilities and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 10,463,000 | 9,187,000 |
Accrued expenses | 20,216,000 | 19,891,000 |
Deferred revenue | 71,827,000 | 58,310,000 |
Current portion of operating lease liabilities | 4,669,000 | 4,274,000 |
Other current liabilities | 6,913,000 | 2,817,000 |
Total current liabilities | 114,088,000 | 94,479,000 |
Deferred revenue, net of current portion | 235,000 | 331,000 |
Deferred tax liability | 1,621,000 | 839,000 |
Operating lease liabilities, net of current portion | 7,602,000 | 10,331,000 |
Other long-term liabilities | 1,045,000 | 1,195,000 |
Total liabilities | 124,591,000 | 107,175,000 |
Stockholders' equity | ||
Undesignated preferred stock, $0.00001 par value — 100,000 shares authorized, and no shares issued or outstanding as of December 31, 2024 or 2023 | 0 | 0 |
Class A Common Stock | 1,000 | 1,000 |
Class B Common Stock | 0 | 0 |
Additional paid-in capital | 322,586,000 | 291,898,000 |
Accumulated other comprehensive loss | (2,221,000) | (752,000) |
Accumulated deficit | (63,762,000) | (71,998,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 256,604,000 | 219,149,000 |
Noncontrolling interest in consolidated subsidiaries | 9,748,000 | 5,166,000 |
Total stockholders’ equity | 266,352,000 | 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 | 322,586,000 | 291,898,000 |
Accumulated Other Comprehensive Loss | (2,221,000) | (752,000) |
Accumulated Deficit | (63,762,000) | (71,998,000) |
Total Semrush Stockholders' Equity | 256,604,000 | 219,149,000 |
Noncontrolling Interest | 9,748,000 | 5,166,000 |
Total liabilities and stockholders' equity | 390,943,000 | 331,490,000 |
Class A Common Stock | 125,834,000 | 120,629,000 |
Class B Common Stock | 21,009,000 | 23,482,000 |
Class A Common Stock | 125,834,000 | 120,629,000 |
Class B Common Stock | 21,009,000 | 23,482,000 |
Class A Common Stock - Common Stock | 125,833,872 | 120,629,147 |
Class B Common Stock - Common Stock | 21,009,210 | 23,482,057 |