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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 69,626 $ 58,848
Short-term investments 161,906 179,721
Accounts receivable 9,060 7,897
Deferred contract costs, current portion 9,738 9,074
Prepaid expenses and other current assets 30,268 10,014
Total current assets 280,598 265,554
Property and equipment, net 7,395 6,686
Operating lease right-of-use assets 11,812 14,069
Intangible assets, net 26,948 16,083
Goodwill 40,630 24,879
Deferred contract costs, net of current portion 2,997 3,586
Other long-term assets 2,568 633
Total assets 372,948 331,490
Current liabilities    
Accounts payable 11,199 9,187
Accrued expenses 21,788 19,891
Deferred revenue 66,589 58,310
Current portion of operating lease liabilities 4,829 4,274
Other current liabilities 7,601 2,817
Total current liabilities 112,006 94,479
Noncurrent liabilities    
Deferred revenue, net of current portion 237 331
Deferred tax liability 1,932 839
Operating lease liabilities, net of current portion 8,084 10,331
Other long-term liabilities 1,534 1,195
Total liabilities 123,793 107,175
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest 8,733  
Stockholders' equity    
Additional paid-in capital 306,103 291,898
Accumulated other comprehensive loss (2,284) (752)
Accumulated deficit (68,201) (71,998)
Total stockholders' equity attributable to Semrush Holdings, Inc. 235,619 219,149
Noncontrolling interest in consolidated subsidiaries 4,803 5,166
Total stockholders’ equity 240,422 224,315
Total liabilities, redeemable noncontrolling interest and stockholders' equity 372,948 331,490
Class A Common Stock    
Stockholders' equity    
Common stock 1 1
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0