NYSE$SEMR
Semrush Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported strong execution despite challenging macroeconomic conditions, with revenue up 28% year-over-year and ARR reaching $275 million.
Semrush reported Q4 2022 financial results with revenue of $68.8 million, a 28% increase year-over-year. The company's ARR reached $275 million, also up 28% year-over-year. Semrush is focused on improving margins with the goal of non-GAAP profitability in 2023.
- Q4 revenue increased by 28% year-over-year, reaching $68.8 million.
- ARR grew by 28% year-over-year, totaling $275 million as of December 31, 2022.
- Dollar-based net revenue retention rate was 118% as of December 31, 2022.
- The company had over 95,000 paying customers as of December 31, 2022, an increase of approximately 16% year-over-year.
Headline financials
Revenue & EPS history
Semrush · Revenue · Quarterly
$68.8M
Forward guidance
Semrush provided financial guidance for Q1 2023 and full year 2023.
Tailwinds
- Q1 2023 revenue is expected to be in the range of $70.3 million to $70.7 million, representing a 23% year-over-year growth.
- Full year 2023 revenue is projected to be between $306.0 million and $309.0 million, indicating a 20% to 22% year-over-year increase.
- Semrush anticipates achieving non-GAAP net income between breakeven and $3.0 million for the full year 2023.
- Strong demand for products.
- History of customers returning to the platform.
Headwinds
- Q1 2023 non-GAAP net loss is expected to be in the range of $8.0 million to $7.0 million, including approximately $1.3 million of exit costs.
- Unpredictable impact on future GAAP financial results.
- Challenging macroeconomic conditions.
- Variability of share-based compensation expense.
- Employer taxes and tax deductions specific to equity compensation awards.
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 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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