NYSE$SMWB
Similarweb · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Similarweb tops Q1 guidance, raises FY26 outlook on AI data momentum
Similarweb reported Q1 2026 revenue of $73.9 million, up 10% year over year, at the top end of guidance. GAAP loss from operations narrowed to $4.4 million (6% of revenue) from $9.3 million, and non-GAAP operating profit reached $2.4 million (3% margin) versus a $1.3 million loss prior year. GAAP net loss was $6.4 million ($0.07 per share) while non-GAAP net income was $1.0 million ($0.01 per share). Normalized free cash flow was $6.6 million, the tenth consecutive quarter of positive normalized FCF. Multi-year subscriptions rose to 64% of ARR from 52%. The company raised the low end of FY2026 revenue guidance to $307–$315 million and non-GAAP operating profit to $17–$19 million.
- Q1 revenue of $73.9M (+10% YoY) at top of guidance; non-GAAP operating profit $2.4M (3% margin) vs $(1.3)M loss prior year.
- Customers with $100K+ ARR grew 12% to 461; multi-year subscriptions increased to 64% of ARR from 52%; RPO up 18% to $297.7M.
- Normalized free cash flow of $6.6M marks tenth consecutive quarter of positive normalized FCF.
- Signed seven-digit LLM data training contract with existing big-tech customer; expanded Manus AI partnership and launched Retail Intelligence.
- Raised FY2026 revenue low end to $307–$315M and non-GAAP operating profit to $17–$19M; Q2 revenue guided at $74.5–$76.5M.
Headline financials
Revenue & EPS history
Similarweb · Revenue · Quarterly
$73.9M
Forward guidance
Similarweb raised FY2026 revenue guidance to $307–$315M and non-GAAP operating profit to $17–$19M. Q2 2026 revenue estimated at $74.5–$76.5M with non-GAAP operating profit of $3–$5M.
Tailwinds
- Raised low end of full-year guidance reflects increased confidence after Q1 beat.
- Commercial interest in AI-related data expanding with growing pipeline of opportunities.
- Sales productivity improved for third consecutive quarter with strongest Q1 ARR increase since 2022.
Headwinds
- Overall NRR declined to 98% from 101%; dollar-based NRR for $100K+ customers fell to 103% from 111%.
- GAAP still unprofitable with $6.4M net loss despite operational improvement.
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 2026
-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
| Quarter | Report date | Reaction (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 | — | — | — |
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