8-K
filed March 4, 2024, 6:59 PM ET
CIK 0001831840
earnings
confidence high
sentiment positive
materiality 0.70
Semrush Q4 revenue $83.4M (+21% YoY); net income positive for FY2023
SEMrush Holdings, Inc.
- Q4 revenue $83.4M, up 21% YoY; FY2023 revenue $307.7M, up 21% YoY.
- Q4 net income $6.9M vs $13.9M loss prior year; FY2023 net income $1.0M vs $33.8M loss.
- Non-GAAP net income Q4 $11.4M, FY2023 $16.3M; free cash flow Q4 $8.9M.
- ARR $337.1M (+23% YoY); paying customers ~108,000 (+12.5%); net revenue retention 107%.
- Company achieves GAAP profitability for full year 2023, marking inflection.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
SEMrush Holdings, Inc. reported Q4 2023 results: revenue $83.4 million, net income $6.9 million.
- Period
- Q4 2023
- Revenue
- $83.4 million
- Net income
- $6.9 million
- Result
- reported results
Exact text from the filing
Fourth quarter revenue of $83.4 million, up 21% year-over-year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
SEMrush Holdings, Inc. reported Fiscal year ended December 31, 2023 results: revenue $307.7 million, net income $1.0 million.
- Period
- Fiscal year ended December 31, 2023
- Revenue
- $307.7 million
- Net income
- $1.0 million
- Result
- reported results
Exact text from the filing
Full year 2023 revenue of $307.7 million, up 21% year-over-year.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
SEMrush Holdings, Inc.: Amended Second Amended and Restated Bylaws to adopt Third A&R Bylaws, including updates for universal proxy rules, stockholder proposal requirements, and ministerial changes (effective 2024-02-29).
- Change
- bylaw amendment
- Effective
- 2024-02-29
Exact text from the filing
On February 29, 2024, based on the recommendation of the nominating and corporate governance committee of the Board of Directors (the “Board”) of the Company, in connection with the new Securities and Exchange Commission rules and changes to the Exchange Act, regarding universal proxy cards, certain recent changes to the Delaware General Corporation Law, and a periodic review of corporate governance matters, the Board approved amendments to the Company’s Second Amended and Restated Bylaws, as amended (the “Third A&R Bylaws”), effective immediately.
View on SEC.gov
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