SEMrush (SEMR) Q1 2025 Earnings

No. SEMrush reported Q1 2025 earnings of $0.01 a share on May 7, 2025, missing the $0.07 consensus estimate by 86.5%. Revenue was $105.0M against a $104.4M estimate.

Semrush delivered a mixed but broadly encouraging first quarter for 2025, posting revenue of $105.02 million, up 22.4% year-over-year and slightly ahead of the $104.36 million consensus estimate, while earnings per share of $0.01 fell well short of the $0.07 analyst expectation, missing by 86.52%. The profit shortfall was largely a consequence of stock-based compensation nearly doubling to $9.11 million, which pushed GAAP operating results to a slight loss of $74,000 versus income of $1.47 million a year earlier. The more compelling story, however, was the company's accelerating traction in enterprise, where customers paying more than $50,000 annually surged 86% year-over-year to 388, signaling a meaningful shift in Semrush's revenue mix toward higher-value accounts. The launch of its AI Optimization product in open beta underscored management's push into AI-driven marketing tools, a theme that has attracted bullish analyst coverage from firms including J.P. Morgan and KeyBanc. Looking ahead, Semrush reiterated its full-year 2025 revenue guidance of $448.00 million to $453.00 million, absorbing an incremental $8.00 million currency headwind, with Q2 revenue expected between $108.20 million and $109.20 million.