10-Q
Quarterly Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
61 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 54,322,000 | 48,875,000 |
Short-term investments | 204,225,000 | 186,693,000 |
U.S. treasury securities | 189,339,000 | 186,693,000 |
Commercial paper | 14,886,000 | — |
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 | 189,339,000 | 186,693,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - U.S. treasury securities | 0 | 0 |
Fair Value, Recurring - U.S. treasury securities | 189,339,000 | 186,693,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - Commercial paper | 0 | 0 |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - Commercial paper | 19,860,000 | 14,918,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Commercial paper | 0 | 0 |
Fair Value, Recurring - Commercial paper | 19,860,000 | 14,918,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs) - Fair Value, Recurring - Convertible debt securities | 0 | 0 |
Significant Other Observable Inputs (Level 2 Inputs) - Fair Value, Recurring - Convertible debt securities | 0 | 0 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Convertible debt securities | 4,102,000 | 3,593,000 |
Fair Value, Recurring - Convertible debt securities | 4,102,000 | 3,593,000 |
Accounts receivable | 14,243,000 | 8,955,000 |
Deferred contract costs, current portion | 10,178,000 | 10,044,000 |
Prepaid expenses and other current assets | 18,138,000 | 21,617,000 |
Total current assets | 301,106,000 | 276,184,000 |
Property and equipment, net | 6,673,000 | 6,534,000 |
Operating lease right-of-use assets | 11,551,000 | 11,126,000 |
Intangible assets, net | 35,317,000 | 32,055,000 |
Goodwill | 59,924,000 | 56,139,000 |
Third Door Media | 2,769,000 | — |
Ryte | 10,489,000 | — |
Deferred contract costs, net of current portion | 3,495,000 | 3,080,000 |
Other long-term assets | 6,883,000 | 5,825,000 |
Total assets | 424,949,000 | 390,943,000 |
Liabilities, noncontrolling interest, and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 13,505,000 | 10,463,000 |
Accrued expenses | 20,627,000 | 20,216,000 |
Deferred revenue | 81,730,000 | 71,827,000 |
Current portion of operating lease liabilities | 4,966,000 | 4,669,000 |
Other current liabilities | 4,853,000 | 6,913,000 |
Total current liabilities | 125,681,000 | 114,088,000 |
Deferred revenue, net of current portion | 235,000 | 235,000 |
Deferred tax liability | 1,798,000 | 1,621,000 |
Operating lease liabilities, net of current portion | 7,852,000 | 7,602,000 |
Other long-term liabilities | 1,216,000 | 1,045,000 |
Total liabilities | 136,782,000 | 124,591,000 |
Stockholders' equity | ||
Class A Common Stock | 1,000 | 1,000 |
Class B Common Stock | 0 | 0 |
Additional paid-in capital | 345,664,000 | 322,586,000 |
Accumulated other comprehensive income (loss) | 2,862,000 | (2,221,000) |
Accumulated deficit | (69,480,000) | (63,762,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 279,047,000 | 256,604,000 |
Noncontrolling interest in consolidated subsidiaries | 9,120,000 | 9,748,000 |
Total stockholders’ equity | 288,167,000 | 266,352,000 |
Class A Common Stock - Common Stock | 1,000 | 1,000 |
Class B Common Stock - Common Stock | 0 | 0 |
Additional Paid-in Capital | 345,664,000 | 322,586,000 |
Accumulated Other Comprehensive Income (Loss) | 2,862,000 | (2,221,000) |
Accumulated Deficit | (69,480,000) | (63,762,000) |
Total Stockholders’ Equity Attributable to Semrush Holdings, Inc. | 279,047,000 | 256,604,000 |
Noncontrolling Interest | 9,120,000 | 9,748,000 |
Total liabilities, noncontrolling interest and stockholders' equity | 424,949,000 | 390,943,000 |