SEMrush Holdings, Inc. earnings

Semrush closed fiscal 2025 with solid top-line growth and a heavier cost base. Fourth-quarter revenue was $117.66 million, up 14.6% from $102.64 million in the prior-year quarter. Full-year revenue was $443.64 million, up 17.7% from $376.82 million.

Semrush's third quarter of fiscal 2025 showed a widening gap between growth and profitability. Revenue reached $112.1 million, up 15.1% from the prior-year quarter, and revenue for the first nine months of the year was $326.0 million, up 18.9%. Gross profit of $89.9 million rose 11.8% in the quarter.

Semrush closed the second quarter of fiscal 2025 with revenue of $108.9 million, up 19.7% from the prior-year quarter. Year-to-date revenue reached $213.9 million, up 21.0%.

Semrush closed the first quarter of fiscal 2025 with revenue of $105.0 million, up 22.4% from the prior-year quarter. The company ended March 31, 2025 with ARR of $424.7 million, up 20% year over year. Paying customers reached about 118,000, up about 5.1% from a year earlier.

Semrush ended 2024 with fourth-quarter revenue of $102.6 million, up 23% from the prior-year quarter, and full-year revenue of $376.8 million, up 22%. Annual recurring revenue reached $411.6 million, also up 22%, and paying customers grew 8% to roughly 117,000.

Semrush reported FY2024 Q3 revenue of $97.4 million, up 23.7% from the prior-year quarter. Year-to-date revenue reached $274.2 million, up 22.2%. The top line grew in all regions, and management tied the increase to a larger paying customer base, which rose to over 117,000 from more than 106,000 a year earlier.

Semrush posted second-quarter fiscal 2024 revenue of $90.95 million, up 21.8% from the prior-year quarter, and year-to-date revenue of $176.76 million, up 21.4%.

Semrush opened fiscal 2024 with first quarter revenue of $85.81 million, up 21.1% from $70.87 million in the prior-year quarter. Gross profit rose to $71.17 million from $58.23 million, and gross margin improved to 82.9% from 82.2%.

Semrush ended FY2023 Q4 with revenue of $83.39 million, up 21.2% from the prior-year quarter. Full-year revenue was $307.68 million, up 21.0%. The company crossed $300 million in ARR during 2023 and finished the year with nearly 108,000 paying customers at December 31, 2023, up from over 95,000 a year earlier.

Semrush reported third quarter revenue of $78.7 million, up 20% from a year earlier. Gross profit was $65.7 million, up 23.0%, and gross margin rose 2.3 percentage points to 83.4%. The company swung to operating income of $2.7 million, and operating margin was 3.5%, up 19.1 percentage points.

Semrush reported second quarter 2023 revenue of $74.7 million, up 19.3% year over year. Year-to-date revenue was $145.6 million, up 21.6%. Gross profit for the quarter was $61.7 million, up 23.4%. Gross margin expanded 2.8 percentage points to 82.6%. Year-to-date gross margin was 82.4%, up 2.6 percentage points.

Semrush reported first quarter fiscal 2023 revenue of $70.9 million, up 24.1% from $57.1 million in the prior-year quarter. Growth showed up in every region. Annual recurring revenue reached $293 million as of March 31, 2023, up 23% year over year.

Semrush ended FY2022 with Q4 revenue of $68.8 million, up 28.0% year over year. Full-year revenue was $254.3 million, up 35.3%. Gross profit was $56.8 million in Q4, up 34.7%, and $205.8 million for the full year, up 40.9%.

Semrush's third quarter revenue rose 34% year over year to $65.8 million. Year-to-date revenue reached $185.5 million, up 38%. Gross profit was $53.4 million for the quarter, up 41%, and gross margin was 81.1%, up 4.2 percentage points.

Semrush reported second quarter fiscal 2022 revenue of $62.6 million, up 39% year over year. Revenue increased in all regions, according to the filing. For the first six months, revenue was $119.7 million, up 40.9%. Gross profit was $50.0 million for the quarter, up 43.8%.

Semrush opened fiscal 2022 with revenue of $57.1 million in the first quarter, up 42.8% from the prior-year quarter. Gross profit was $45.5 million, up 45.8%, and gross margin reached 79.7%, up 1.7 percentage points from the prior-year quarter.

Semrush closed fiscal 2021 with strong top-line growth but a wider fourth-quarter loss. Fourth-quarter revenue rose 47.5% year over year to $53.7 million. Full-year revenue rose 50.6% to $188.0 million. Gross profit rose 51.2% to $42.18 million in the quarter and 53.8% to $146.07 million for the full year.

Semrush Holdings reported FY2021 Q3 revenue of $49.25 million, up 53.0% from the prior-year quarter, and year-to-date revenue of $134.26 million, up 51.8%. The customer count passed 79,000 as of September 30, 2021, up approximately 23% from a year earlier.

Semrush Holdings reported revenue of $45.0 million for the quarter ended June 30, 2021, up 58.2 percent from $28.5 million in the prior-year quarter. Year to date revenue reached $85.0 million, up 51.1 percent from $56.2 million.

Semrush closed its first quarter as a public company with revenue of $40.00 million, up 43.9% from $27.79 million in the prior-year quarter. Gross profit rose 47.5% to $31.22 million, and gross margin improved to 78.1% from 76.2%.