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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 41,388 $ 58,848
Short-term investments 201,756 179,721
Accounts receivable 7,115 7,897
Deferred contract costs, current portion 9,613 9,074
Prepaid expenses and other current assets 16,914 10,014
Total current assets 276,786 265,554
Property and equipment, net 5,999 6,686
Operating lease right-of-use assets 12,225 14,069
Intangible assets, net 16,936 16,083
Goodwill 24,757 24,879
Deferred contract costs, net of current portion 3,485 3,586
Other long-term assets 1,542 633
Total assets 341,730 331,490
Current liabilities    
Accounts payable 10,159 9,187
Accrued expenses 19,597 19,891
Deferred revenue 63,985 58,310
Current portion of operating lease liabilities 4,143 4,274
Other current liabilities 2,642 2,817
Total current liabilities 100,526 94,479
Noncurrent liabilities    
Deferred revenue, net of current portion 306 331
Deferred tax liability 633 839
Operating lease liabilities, net of current portion 9,150 10,331
Other long-term liabilities 67 1,195
Total liabilities 110,682 107,175
Commitments and contingencies (Note 15)
Stockholders' equity    
Additional paid-in capital 297,857 291,898
Accumulated other comprehensive loss (1,981) (752)
Accumulated deficit (69,860) (71,998)
Total stockholders' equity attributable to Semrush Holdings, Inc. 226,017 219,149
Noncontrolling interest in consolidated subsidiary 5,031 5,166
Total stockholders’ equity 231,048 224,315
Total liabilities and stockholders' equity 341,730 331,490
Class A Common Stock    
Stockholders' equity    
Common stock 1 1
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0