NYSE$SEMR
Semrush Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Semrush's Q1 2024 financial performance was marked by revenue growth, increased profitability, and advancements in their platform.
Semrush reported a strong start to 2024 with a 21% year-over-year increase in both revenue and ARR. The company exceeded profitability guidance, driven by new customer additions and expansion of average revenue per customer.
- Revenue increased by 21% year-over-year to $85.8 million.
- ARR grew by 21% year-over-year to $354.2 million.
- Operating income was $1.5 million, a significant improvement from the previous year's operating loss of $10.8 million.
- Free cash flow was $12.0 million, representing a 14.0% free cash flow margin.
Headline financials
Revenue & EPS history
Semrush · Revenue · Quarterly
$85.8M
Forward guidance
Semrush raised its full year 2024 guidance, expressing confidence in their ability to grow and scale the business.
Tailwinds
- Second quarter revenue is expected to be in the range of $89.1 to $90.1 million, representing approximately 20% year-over-year growth at the mid-point.
- Second quarter non-GAAP operating margin is expected to be approximately 11.0%.
- Full year revenue is expected to be in the range of $366 to $369 million, representing growth of 19% to 20% year-over-year.
- Full year non-GAAP operating margin is expected to be between 10.5% and 11.5%.
- Full year free cash flow margin is expected to be approximately 8.0%.
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 2024
-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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