Semrush Q1 rev $85.8M (+21% YoY), turns profitable with $1.5M operating income

SEMrush Holdings, Inc.

2024-Q1 EPS reported $0.01 revenue$85,812,000

Revenue $85.8M, up 21% YoY; ARR $354.2M, also up 21% YoY.
GAAP operating income $1.5M vs loss of $10.8M a year ago; non-GAAP operating income $9.7M.
Free cash flow $12.0M (14.0% margin); cash from operations $14.8M.
Paying customers ~112,000 (+10% YoY); dollar-based net revenue retention 107%.
Enterprise SEO platform now generally available, targeting up-market accounts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SEMrush Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $85.8 million.

Period: first quarter ended March 31, 2024
Revenue: $85.8 million
Result: reported results

Exact text from the filing

as expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Semrush Announces First Quarter 2024 Financial Results • First quarter revenue of $85.8 million, up 21% year-over-year • ARR of $354.2 million, up 21% year-over-year • First quarter net cash provided by operating activities of $14.8 million • First quarter free cash flow of

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Source: SEC EDGAR

accession 0001628280-24-020671

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