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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 58,848 $ 79,765
Short-term investments 179,721 157,774
Accounts receivable 7,897 3,559
Deferred contract costs, current portion 9,074 6,974
Prepaid expenses and other current assets 10,014 9,307
Total current assets 265,554 257,379
Property and equipment, net 6,686 8,076
Operating lease right-of-use assets 14,069 12,009
Intangible assets, net 16,083 10,286
Goodwill 24,879 6,529
Deferred contract costs, net of current portion 3,586 2,082
Other long-term assets 633 2,329
Total assets 331,490 298,690
Current liabilities    
Accounts payable 9,187 15,495
Accrued expenses 19,891 17,847
Deferred revenue 58,310 49,354
Current portion of operating lease liabilities 4,274 3,694
Other current liabilities 2,817 2,311
Total current liabilities 94,479 88,701
Deferred revenue, net of current portion 331 122
Deferred tax liability 839 11
Operating lease liabilities, net of current portion 10,331 8,929
Other long-term liabilities 1,195 1,023
Total liabilities 107,175 98,786
Commitments and contingencies (Note 16)
Stockholders' equity    
Undesignated preferred stock, $0.00001 par value — 100,000 shares authorized, and no shares issued or outstanding as of December 31, 2023 or 2022 0 0
Additional paid-in capital 291,898 274,057
Accumulated other comprehensive loss (752) (1,206)
Accumulated deficit (71,998) (72,948)
Total stockholders' equity attributable to Semrush Holdings, Inc. 219,149 199,904
Noncontrolling interest in consolidated subsidiary 5,166 0
Total stockholders’ equity 224,315 199,904
Total liabilities and stockholders' equity 331,490 298,690
Common Class A    
Stockholders' equity    
Common stock 1 0
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 1