NYSE$SEMR

Semrush Holdings Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Semrush reported Q4 2021 financial results, achieving a 47% increase in revenue and adding nearly fifteen thousand paid customers.

Semrush's Q4 2021 saw a 47% increase in revenue year-over-year, reaching $53.7 million. The company's ARR reached $213 million, and it ended the year with over 82,000 paying customers. However, the company reported a net loss of $3.9 million and a non-GAAP net loss of $2.9 million for the quarter.

  • Revenue increased by 47% year-over-year to $53.7 million.
  • ARR reached $213 million, a 48% increase year-over-year.
  • Dollar-based net revenue retention rate was 126%.
  • The company had over 82,000 paying customers, up approximately 22% from a year ago.

Headline financials

Total Revenue

$53.7M

Previous: $36.4M+47.5%
EPS (adj)

-$0.03

Previous: $0.03-212.5%
Annual Recurring Revenue

$213M

Previous: $144M+47.9%
Dollar-Based Net Retention

126.0%

Previous: 124.0%+1.6%
Capital Expenditures

$822K

Previous: $456K+80.3%
Free Cash Flow

$4.19M

Previous: $3.62M+15.7%
Net Income

-$3.9M

Previous: -$1.94M-101.3%
Operating Income

-$3.65M

Previous: -$1.65M-121.7%
Gross Profit

$42.2M

Previous: $27.9M+51.2%
Cash & Equivalents

$270M

Previous: $35.5M+659.0%
Total Assets

$300M

Previous: $55M+446.0%
Stock-Based Comp

$953K

Previous: $409K+133.0%

Revenue & EPS history

Semrush · Revenue · Quarterly

$53.7M

Q4 2021+47.5%vs Q4 2020
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Forward guidance

Semrush provided financial guidance for Q1 2022 and full year 2022.

Tailwinds

  • Revenue is expected to be in a range of $55.8 million to $56.2 million for Q1 2022, up 40% year over year
  • Revenue is expected to be in a range of $245 million to $247 million for full year 2022, up over 30% year over year

Headwinds

  • Non-GAAP net loss is expected to be in a range of $4.7 to $4.5 million for Q1 2022
  • Non-GAAP net loss is expected to be in a range of $22 to $21.5 million for full year 2022

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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