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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 54,322 $ 48,875
Short-term investments 204,225 186,693
Accounts receivable 14,243 8,955
Deferred contract costs, current portion 10,178 10,044
Prepaid expenses and other current assets 18,138 21,617
Total current assets 301,106 276,184
Property and equipment, net 6,673 6,534
Operating lease right-of-use assets 11,551 11,126
Intangible assets, net 35,317 32,055
Goodwill 59,924 56,139
Deferred contract costs, net of current portion 3,495 3,080
Other long-term assets 6,883 5,825
Total assets 424,949 390,943
Current liabilities    
Accounts payable 13,505 10,463
Accrued expenses 20,627 20,216
Deferred revenue 81,730 71,827
Current portion of operating lease liabilities 4,966 4,669
Other current liabilities 4,853 6,913
Total current liabilities 125,681 114,088
Deferred revenue, net of current portion 235 235
Deferred tax liability 1,798 1,621
Operating lease liabilities, net of current portion 7,852 7,602
Other long-term liabilities 1,216 1,045
Total liabilities 136,782 124,591
Commitments and contingencies (Note 14)
Stockholders' equity    
Additional paid-in capital 345,664 322,586
Accumulated other comprehensive income (loss) 2,862 (2,221)
Accumulated deficit (69,480) (63,762)
Total stockholders' equity attributable to Semrush Holdings, Inc. 279,047 256,604
Noncontrolling interest in consolidated subsidiaries 9,120 9,748
Total stockholders’ equity 288,167 266,352
Total liabilities, noncontrolling interest and stockholders' equity 424,949 390,943
Class A Common Stock    
Stockholders' equity    
Common stock 1 1
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0