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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 48,875 $ 58,848
Short-term investments 186,693 179,721
Accounts receivable 8,955 7,897
Deferred contract costs, current portion 10,044 9,074
Prepaid expenses and other current assets 21,617 10,014
Total current assets 276,184 265,554
Property and equipment, net 6,534 6,686
Operating lease right-of-use assets 11,126 14,069
Intangible assets, net 32,055 16,083
Goodwill 56,139 24,879
Deferred contract costs, net of current portion 3,080 3,586
Other long-term assets 5,825 633
Total assets 390,943 331,490
Current liabilities    
Accounts payable 10,463 9,187
Accrued expenses 20,216 19,891
Deferred revenue 71,827 58,310
Current portion of operating lease liabilities 4,669 4,274
Other current liabilities 6,913 2,817
Total current liabilities 114,088 94,479
Deferred revenue, net of current portion 235 331
Deferred tax liability 1,621 839
Operating lease liabilities, net of current portion 7,602 10,331
Other long-term liabilities 1,045 1,195
Total liabilities 124,591 107,175
Commitments and contingencies (Note 15)
Stockholders' equity    
Undesignated preferred stock, $0.00001 par value — 100,000 shares authorized, and no shares issued or outstanding as of December 31, 2024 or 2023 0 0
Additional paid-in capital 322,586 291,898
Accumulated other comprehensive loss (2,221) (752)
Accumulated deficit (63,762) (71,998)
Total stockholders' equity attributable to Semrush Holdings, Inc. 256,604 219,149
Noncontrolling interest in consolidated subsidiaries 9,748 5,166
Total stockholders’ equity 266,352 224,315
Total liabilities and stockholders' equity 390,943 331,490
Common Class A    
Stockholders' equity    
Common stock $ 1 $ 1
Common stock, issued (in shares) 125,834 120,629
Common stock, outstanding (in shares) 125,834 120,629
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0
Common stock, issued (in shares) 21,009 23,482
Common stock, outstanding (in shares) 21,009 23,482