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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 45,083 $ 58,848
Short-term investments 187,796 179,721
Accounts receivable 9,344 7,897
Deferred contract costs, current portion 9,755 9,074
Prepaid expenses and other current assets 20,429 10,014
Total current assets 272,407 265,554
Property and equipment, net 7,220 6,686
Operating lease right-of-use assets 11,048 14,069
Intangible assets, net 30,746 16,083
Goodwill 54,299 24,879
Deferred contract costs, net of current portion 2,722 3,586
Other long-term assets 5,355 633
Total assets 383,797 331,490
Current liabilities    
Accounts payable 11,541 9,187
Accrued expenses 20,284 19,891
Deferred revenue 68,996 58,310
Current portion of operating lease liabilities 4,768 4,274
Other current liabilities 7,462 2,817
Total current liabilities 113,051 94,479
Noncurrent liabilities    
Deferred revenue, net of current portion 210 331
Deferred tax liability 1,965 839
Operating lease liabilities, net of current portion 7,315 10,331
Other long-term liabilities 2,261 1,195
Total liabilities 124,802 107,175
Commitments and contingencies (Note 15)
Stockholders' equity    
Additional paid-in capital 313,924 291,898
Accumulated other comprehensive income (loss) 1,700 (752)
Accumulated deficit (67,107) (71,998)
Total stockholders' equity attributable to Semrush Holdings, Inc. 248,518 219,149
Noncontrolling interest in consolidated subsidiaries 10,477 5,166
Total stockholders’ equity 258,995 224,315
Total liabilities, noncontrolling interest and stockholders' equity 383,797 331,490
Class A Common Stock    
Stockholders' equity    
Common stock 1 1
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0