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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 264,280 $ 48,875
Short-term investments 4,996 186,693
Accounts receivable, net 26,489 8,955
Deferred contract costs, current portion 13,281 10,044
Prepaid expenses and other current assets 15,800 21,617
Total current assets 324,846 276,184
Property and equipment, net 5,349 6,534
Operating lease right-of-use assets 11,248 11,126
Intangible assets, net 40,735 32,055
Goodwill 60,123 56,139
Deferred contract costs, net of current portion 5,596 3,080
Other long-term assets 6,239 5,825
Total assets 454,136 390,943
Current liabilities    
Accounts payable 23,797 10,463
Accrued expenses 27,369 20,216
Deferred revenue 93,187 71,827
Current portion of operating lease liabilities 5,407 4,669
Other current liabilities 4,290 6,913
Total current liabilities 154,050 114,088
Deferred revenue, net of current portion 469 235
Deferred tax liability 1,475 1,621
Operating lease liabilities, net of current portion 7,134 7,602
Other long-term liabilities 13 1,045
Total liabilities 163,141 124,591
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, 2025 or 2024 0 0
Additional paid-in capital 368,781 322,586
Accumulated other comprehensive income (loss) 2,487 (2,221)
Accumulated deficit (82,719) (63,762)
Total stockholders' equity attributable to Semrush Holdings, Inc. 288,550 256,604
Noncontrolling interest in consolidated subsidiaries 2,445 9,748
Total stockholders’ equity 290,995 266,352
Total liabilities and stockholders' equity 454,136 390,943
Class A Common Stock    
Stockholders' equity    
Common stock 1 1
Class B Common Stock    
Stockholders' equity    
Common stock $ 0 $ 0