10-Q
Quarterly Report
Semrush Holdings, Inc.
SEMR
NYSE
CIK: 1831840
File #: 001-40276
Balance Sheet
60 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and cash equivalents | 80,780,000 | 48,875,000 |
Short-term investments | 194,916,000 | 186,693,000 |
U.S. treasury securities | 184,939,000 | 186,693,000 |
Commercial paper | 9,977,000 | — |
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 | 184,939,000 | 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 | 184,939,000 | 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 | 9,977,000 | 14,918,000 |
Significant Unobservable Inputs (Level 3 Inputs) - Fair Value, Recurring - Commercial paper | 0 | 0 |
Fair Value, Recurring - Commercial paper | 9,977,000 | 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 | 3,995,000 | 3,593,000 |
Fair Value, Recurring - Convertible debt securities | 3,995,000 | 3,593,000 |
Accounts receivable | 17,025,000 | 8,955,000 |
Deferred contract costs, current portion | 11,206,000 | 10,044,000 |
Prepaid expenses and other current assets | 19,947,000 | 21,617,000 |
Total current assets | 323,874,000 | 276,184,000 |
Property and equipment, net | 6,030,000 | 6,534,000 |
Operating lease right-of-use assets | 12,690,000 | 11,126,000 |
Intangible assets, net | 37,323,000 | 32,055,000 |
Goodwill | 59,812,000 | 56,139,000 |
Third Door Media | 2,769,000 | — |
Deferred contract costs, net of current portion | 4,253,000 | 3,080,000 |
Other long-term assets | 6,430,000 | 5,825,000 |
Total assets | 450,412,000 | 390,943,000 |
Liabilities, noncontrolling interest, and stockholders' equity | ||
Current liabilities | ||
Accounts payable | 20,878,000 | 10,463,000 |
Accrued expenses | 25,872,000 | 20,216,000 |
Deferred revenue | 83,596,000 | 71,827,000 |
Current portion of operating lease liabilities | 5,462,000 | 4,669,000 |
Other current liabilities | 5,467,000 | 6,913,000 |
Total current liabilities | 141,275,000 | 114,088,000 |
Deferred revenue, net of current portion | 469,000 | 235,000 |
Deferred tax liability | 1,541,000 | 1,621,000 |
Operating lease liabilities, net of current portion | 8,482,000 | 7,602,000 |
Other long-term liabilities | 97,000 | 1,045,000 |
Total liabilities | 151,864,000 | 124,591,000 |
Stockholders' equity | ||
Class A Common Stock | 1,000 | 1,000 |
Class B Common Stock | 0 | 0 |
Additional paid-in capital | 358,060,000 | 322,586,000 |
Accumulated other comprehensive income (loss) | 3,243,000 | (2,221,000) |
Accumulated deficit | (71,621,000) | (63,762,000) |
Total stockholders' equity attributable to Semrush Holdings, Inc. | 289,683,000 | 256,604,000 |
Noncontrolling interest in consolidated subsidiaries | 8,865,000 | 9,748,000 |
Total stockholders’ equity | 298,548,000 | 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 | 358,060,000 | 322,586,000 |
Accumulated Other Comprehensive Income (Loss) | 3,243,000 | (2,221,000) |
Accumulated Deficit | (71,621,000) | (63,762,000) |
Total Stockholders’ Equity Attributable to Semrush Holdings, Inc. | 289,683,000 | 256,604,000 |
Noncontrolling Interest | 8,865,000 | 9,748,000 |
Total liabilities, noncontrolling interest and stockholders' equity | 450,412,000 | 390,943,000 |