NYSE$SMWB

Similarweb · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Similarweb grows revenue 14% with 5,767 customers and positive free cash flow

Similarweb reported first quarter 2025 revenue of $67.1 million, up 14% year over year, as its customer base expanded 19% to 5,767 ARR customers and large-customer net retention improved to 101% overall and 111% for accounts above $100,000 ARR. GAAP operating loss widened to $9.3 million from $2.7 million, and GAAP net loss per share was $0.11 versus $0.03, while non-GAAP operating loss was $1.3 million. The company generated $4.9 million of operating cash flow and $4.4 million of free cash flow, its sixth consecutive quarter of positive free cash flow. Management guided full-year 2025 revenue of $285.0 million to $288.0 million and non-GAAP operating profit of $1.0 million to $4.0 million.

  • Revenue was $67.1 million, up 14% year over year, with 5,767 customers (+19%).
  • GAAP EPS was -$0.11; non-GAAP operating loss per share was -$0.02.
  • Free cash flow was $4.4 million, the sixth straight quarter of positive FCF.
  • RPO grew 18% year over year to $252.7 million; 52% of ARR is on multi-year contracts.
  • FY25 guidance calls for $285-$288 million revenue and $1-$4 million non-GAAP operating profit.

Headline financials

Total Revenue

$67.1M

Previous: $59M+13.7%
EPS (adj)

-$0.02

Previous: $0.04-150.0%
Remaining performance obligations

$253M

No prior period
Net retention rate

101.0%

No prior period
ARR customers

5.8K

No prior period
Free Cash Flow

$4.39M

No prior period
Net Income

-$9.26M

Previous: -$2.73M-238.8%
Operating Income

-$9.29M

Previous: -$2.68M-246.2%
Gross Profit

$53.1M

Previous: $46.3M+14.8%
Cash & Equivalents

$59.6M

No prior period

Revenue & EPS history

Similarweb · Revenue · Quarterly

$67.1M

Q1 2025+13.7%vs Q1 2024
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Similarweb expects FY2025 revenue of $285.0-$288.0 million (~15% growth) and non-GAAP operating profit of $1.0-$4.0 million; Q2 revenue is guided to $68.6-$69.0 million with a modest non-GAAP operating loss.

Tailwinds

  • Customer growth of 19% and improving NRR
  • Sixth consecutive quarter of positive free cash flow

Headwinds

  • GAAP operating loss widened to 14% of revenue
  • Q2 guided to remain slightly unprofitable on a non-GAAP basis

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-5.3%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+2.4%

Avg return

30 days after

30%

6 / 20 earnings

Positive

+25.3%

Q2 2024

Best reaction

-34.8%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-34.8%+29.1%+53.7%
Q3 2025-9.1%-14.6%-11.8%
Q2 2025+21.0%+23.4%+42.3%
Q1 2025-5.8%-9.7%-6.6%
Q4 2024-29.3%-35.9%-46.1%
Q3 2024+6.1%+9.8%+24.0%
Q2 2024+25.3%+31.3%+53.4%
Q1 2024-6.7%-6.3%+2.8%
Q3 2023+2.8%+3.8%-3.0%
Q2 2023-12.6%-6.4%-4.6%
Q1 2023-4.7%-7.6%+18.6%
Q4 2022+3.8%+4.5%-8.9%
Q3 2022-18.7%-18.9%-6.2%
Q2 2022+1.7%-2.0%-8.8%
Q1 2022-8.6%-6.8%-6.3%
Q4 2019-3.5%-2.7%-3.2%
Q4 2020-3.5%-2.7%-3.2%
Q4 2021-11.1%-12.1%-6.6%
Q3 2021-5.0%+5.3%-15.0%
Q2 2021-13.4%-9.9%-15.5%
Q3 2020
Q2 2020
Q1 2020

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro