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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Total Stockholders’ Equity Attributable to Semrush Holdings, Inc.
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2022         43,743,174 97,843,570        
Beginning balance at Dec. 31, 2022 $ 199,904       $ 0 $ 1 $ 274,057 $ (1,206) $ (72,948)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversion of Class B Common Stock to Class A Common Stock (in shares)         74,239,844 74,239,844        
Conversion of Class B Common Stock to Class A Common Stock 0       $ 1 $ (1)        
Issuance of common stock upon exercise of stock options (in shares)         88,957          
Issuance of common stock upon exercise of stock options 67           67      
Issuance of common stock in connection with employee stock purchase plan (in shares)         38,879          
Issuance of common stock in connection with employee stock purchase plan 264           264      
Issuance of common stock upon vesting of restricted stock units (in shares)         71,557          
Stock-based compensation expense 2,796           2,796      
Cumulative translation adjustment 365             365    
Unrealized gain (loss) on investments (83)             (83)    
Net income (loss) (9,860)               (9,860)  
Ending balance (in shares) at Mar. 31, 2023         118,182,411 23,603,726        
Ending balance at Mar. 31, 2023 193,453       $ 1 $ 0 277,184 (924) (82,808)  
Beginning balance (in shares) at Dec. 31, 2022         43,743,174 97,843,570        
Beginning balance at Dec. 31, 2022 199,904       $ 0 $ 1 274,057 (1,206) (72,948)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Cumulative translation adjustment 193                  
Unrealized gain (loss) on investments (1,179)                  
Net income (loss) (5,924)                  
Ending balance (in shares) at Sep. 30, 2023         119,610,733 23,482,057        
Ending balance at Sep. 30, 2023 204,769       $ 1 $ 0 285,831 (2,191) (78,872)  
Beginning balance (in shares) at Mar. 31, 2023         118,182,411 23,603,726        
Beginning balance at Mar. 31, 2023 193,453       $ 1 $ 0 277,184 (924) (82,808)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercise of stock options (in shares)         583,137          
Issuance of common stock upon exercise of stock options 235           235      
Issuance of common stock upon vesting of restricted stock units (in shares)         264,920          
Stock-based compensation expense 3,765           3,765      
Cumulative translation adjustment (120)             (120)    
Unrealized gain (loss) on investments (1,160)             (1,160)    
Net income (loss) (279)               (279)  
Ending balance (in shares) at Jun. 30, 2023         119,030,468 23,603,726        
Ending balance at Jun. 30, 2023 195,894       $ 1 $ 0 281,184 (2,204) (83,087)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversion of Class B Common Stock to Class A Common Stock (in shares)         175,000 175,000        
Issuance of common stock upon exercise of stock options (in shares)         325,870          
Issuance of common stock upon exercise of stock options 444           444      
Issuance of common stock upon vesting of restricted stock units (in shares)         79,395 53,331        
Stock-based compensation expense 4,203           4,203      
Cumulative translation adjustment (51)             (51)    
Unrealized gain (loss) on investments 64             64    
Net income (loss) 4,215               4,215  
Ending balance (in shares) at Sep. 30, 2023         119,610,733 23,482,057        
Ending balance at Sep. 30, 2023 204,769       $ 1 $ 0 285,831 (2,191) (78,872)  
Redeemable Noncontrolling Interest, Ending balance at Mar. 31, 2024 0                  
Beginning balance (in shares) at Dec. 31, 2023   120,629,000 23,482,000   120,629,147 23,482,057        
Beginning balance at Dec. 31, 2023 224,315     $ 219,149 $ 1 $ 0 291,898 (752) (71,998) $ 5,166
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of common stock upon exercise of stock options (in shares)         469,879          
Issuance of common stock upon exercise of stock options 844     844     844      
Issuance of common stock upon vesting of restricted stock units (in shares)         145,844          
Stock-based compensation expense 5,115     5,115     5,115      
Cumulative translation adjustment (485)     (485)       (485)    
Unrealized gain (loss) on investments (744)     (744)       (744)    
Net income (loss) 2,138     2,138         2,138  
Net loss attributable to noncontrolling interest (135)                 (135)
Ending balance (in shares) at Mar. 31, 2024         121,244,870 23,482,057        
Ending balance at Mar. 31, 2024 231,048     226,017 $ 1 $ 0 297,857 (1,981) (69,860) 5,031
Redeemable Noncontrolling Interest, Ending balance at Sep. 30, 2024 0                  
Beginning balance (in shares) at Dec. 31, 2023   120,629,000 23,482,000   120,629,147 23,482,057        
Beginning balance at Dec. 31, 2023 $ 224,315     219,149 $ 1 $ 0 291,898 (752) (71,998) 5,166
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversion of Class B Common Stock to Class A Common Stock (in shares)         409,801          
Issuance of common stock upon exercise of stock options (in shares) 1,464,641                  
Cumulative translation adjustment $ 754                  
Unrealized gain (loss) on investments 1,698                  
Net income (loss) 4,891                  
Ending balance (in shares) at Sep. 30, 2024   123,500,000 23,072,000   123,500,426 23,072,256        
Ending balance at Sep. 30, 2024 258,995     248,518 $ 1 $ 0 313,924 1,700 (67,107) 10,477
Redeemable Noncontrolling Interest, Beginning balance at Mar. 31, 2024 0                  
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Acquisition of redeemable noncontrolling interest (See Note 9) 9,846                  
Net loss attributable to redeemable noncontrolling interest (70)                  
Reclassification for Tender Offer obligations (See Note 9) (2,021)                  
Recording of redeemable noncontrolling interest at redemption value (See Note 9) 978                  
Redeemable Noncontrolling Interest, Ending balance at Jun. 30, 2024 8,733                  
Beginning balance (in shares) at Mar. 31, 2024         121,244,870 23,482,057        
Beginning balance at Mar. 31, 2024 231,048     226,017 $ 1 $ 0 297,857 (1,981) (69,860) 5,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversion of Class B Common Stock to Class A Common Stock (in shares)         409,801 409,801        
Issuance of common stock upon exercise of stock options (in shares)         720,880          
Issuance of common stock upon exercise of stock options 2,209     2,209     2,209      
Issuance of common stock upon vesting of restricted stock units (in shares)         685,891          
Stock-based compensation expense 7,015     7,015     7,015      
Cumulative translation adjustment (119)     (119)       (119)    
Unrealized gain (loss) on investments (184)     (184)       (184)    
Net income (loss) 1,659     1,659         1,659  
Net loss attributable to noncontrolling interest (228)                 (228)
Recording of redeemable noncontrolling interest at redemption value (See Note 9) (978)     (978)     (978)      
Ending balance (in shares) at Jun. 30, 2024         123,061,442 23,072,256        
Ending balance at Jun. 30, 2024 240,422     235,619 $ 1 $ 0 306,103 (2,284) (68,201) 4,803
Increase (Decrease) in Temporary Equity [Roll Forward]                    
Reclassification for Tender Offer obligations (See Note 9) (1,615)                  
Reclassification of redeemable noncontrolling interest to noncontrolling interest 7,118                 7,118
Redeemable Noncontrolling Interest, Ending balance at Sep. 30, 2024 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversion of Class B Common Stock to Class A Common Stock (in shares)         409,801          
Issuance of common stock upon exercise of stock options (in shares)         273,882          
Issuance of common stock upon exercise of stock options 647     647     647      
Issuance of common stock upon vesting of restricted stock units (in shares)         165,102          
Stock-based compensation expense 7,174     7,174     7,174      
Cumulative translation adjustment 1,358     1,358       1,358    
Unrealized gain (loss) on investments 2,626     2,626       2,626    
Net income (loss) 1,094     1,094         1,094  
Net loss attributable to noncontrolling interest (376)                 (376)
Reclassification of redeemable noncontrolling interest to noncontrolling interest 7,118                 7,118
Acquisition of additional noncontrolling shares (1,068)                 (1,068)
Ending balance (in shares) at Sep. 30, 2024   123,500,000 23,072,000   123,500,426 23,072,256        
Ending balance at Sep. 30, 2024 $ 258,995     $ 248,518 $ 1 $ 0 $ 313,924 $ 1,700 $ (67,107) $ 10,477