NYSE$SEMR
Semrush Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Semrush had a solid start to the year, navigating a challenging geopolitical environment to deliver record new customer growth and strong revenue.
Semrush reported a strong first quarter with revenue of $57.1 million, up 43% year-over-year. The company added more than 5,000 customers, reaching over 87,000 paying customers. ARR reached $236 million, a 41% increase year-over-year. However, the company reported a net loss of $2.6 million, compared to a net income of $1.5 million in the same quarter last year.
- First quarter revenue was $57.1 million, a 43% increase year-over-year.
- ARR reached $236 million as of March 31, 2022, up 41% year-over-year.
- The company generated $8.0 million in cash flow from operations.
- Dollar-based net revenue retention rate was 127% as of March 31, 2022, up from 126% in the previous quarter.
Headline financials
Revenue & EPS history
Semrush · Revenue · Quarterly
$57.1M
Forward guidance
Semrush provided financial guidance for the second quarter and full year of 2022. Revenue for the second quarter is expected to be in the range of $59.5 million to $60.5 million, representing a 33% year-over-year increase. Revenue for the full year is expected to be in the range of $249 million to $251 million, also representing over 33% year-over-year growth.
Tailwinds
- Revenue is expected to be in a range of $59.5 million to $60.5 million, up 33% year over year for Q2 2022.
- Full-Year 2022 Revenue is expected to be in a range of $249 million to $251 million, up over 33% year over year.
- Strong revenue growth expected for both Q2 and full year 2022.
- Continued demand for Semrush products.
- Effective marketing and sales strategies.
Headwinds
- Non-GAAP net loss is expected to be in a range of $9 to $8 million for Q2 2022.
- Winding down Russia operations, incurring one-time relocation costs.
- Non-GAAP net loss is expected to be in a range of $46 to $44 million for full year 2022.
- Uncertainties related to macroeconomic conditions.
- Dependence on key personnel.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-3.7%
Avg return
Earnings day
-2.0%
Avg return
5 days after
+2.4%
Avg return
30 days after
20%
5 / 25 earnings
Positive
+16.9%
Q1 2024
Best reaction
-21.3%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.0% | +1.1% | +1.3% | |
| Q3 2025 | +6.1% | +3.8% | +67.2% | |
| Q2 2025 | -20.7% | -22.7% | -16.6% | |
| Q1 2025 | -2.2% | +6.1% | +1.2% | |
| Q4 2024 | -21.3% | -26.8% | -36.6% | |
| Q3 2024 | -3.9% | +1.4% | +2.4% | |
| Q2 2024 | -1.3% | +2.3% | -0.5% | |
| Q1 2024 | +16.9% | +21.8% | +24.3% | |
| Q4 2023 | -13.3% | -9.2% | +4.9% | |
| Q3 2023 | -5.3% | +2.7% | +38.2% | |
| Q2 2023 | +2.8% | -4.0% | -9.3% | |
| Q1 2023 | -14.0% | -12.8% | -21.7% | |
| Q4 2022 | +11.2% | +9.7% | +26.9% | |
| Q3 2022 | -16.4% | -22.7% | -28.9% | |
| Q2 2022 | -3.3% | +4.2% | -10.4% | |
| Q1 2022 | -4.4% | +3.8% | +23.6% | |
| Q4 2019 | -1.7% | -0.9% | -3.1% | |
| Q4 2021 | -4.6% | -20.0% | -15.4% | |
| Q3 2020 | -1.5% | -5.9% | -24.4% | |
| Q3 2021 | -4.8% | +3.8% | -21.8% | |
| Q2 2020 | -2.3% | +3.9% | +33.3% | |
| Q2 2021 | -3.3% | +7.2% | +28.8% | |
| Q1 2021 | -2.1% | +1.2% | -1.4% | |
| Q4 2020 | -2.1% | +1.2% | -1.4% | |
| Q1 2020 | -2.1% | +1.2% | -1.4% |
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