SEMrush (SEMR) Q2 2025 Earnings
How Did SEMR Stock React to Q2 2025 Earnings?
Did SEMR Beat Earnings? Q2 2025 Results
No. SEMrush reported Q2 2025 earnings of $-0.04 a share on Aug 4, 2025, missing the $0.08 consensus estimate by 150.0%. Revenue was $108.9M against a $108.8M estimate.
Semrush delivered a mixed second quarter, narrowly clearing the revenue bar while falling well short on the bottom line. The digital marketing software company posted Q2 2025 revenue of $108.89 million, a 19.7% year-over-year gain that edged past the $108.81 million consensus by a slim 0.07%, but a GAAP loss of $0.04 per share shocked relative to the $0.08 profit analysts had anticipated, a 150.00% miss driven largely by surging stock-based compensation that nearly doubled year-over-year to $13.44 million and a 29% jump in sales and marketing spend. Enterprise momentum offered a brighter subplot, with customers paying more than $50,000 annually growing 83% year-over-year and the company initiating a $150 million share repurchase program. Looking ahead, Semrush guided Q3 revenue of $111.10 million to $112.10 million and trimmed its full-year outlook to $443.00 million to $446.00 million, citing softer demand in the lower end of the market as rising paid-search cost per click pressures smaller customers.
- 20% year-over-year revenue growth driven by accelerated adoption of AI and Enterprise products
- Customers paying more than $50,000 annually increased 83% year-over-year
- Customers paying more than $10,000 annually grew 35% year-over-year
- ARR of $435.3 million, up 15% year-over-year
- Dollar-based net revenue retention of 105%
“We posted strong revenue growth in the second quarter and were especially pleased by the accelerated adoption of our AI and Enterprise products. We are very excited about our leadership position in the market and our long-term growth opportunities. To underscore this conviction, we are announcing a $150 million share repurchase program.”
SEMrush CEO, on the earnings call
What Was SEMrush's Outlook in Q2 2025?
For Q3 2025, Semrush expects revenue of $111.1 million to $112.1 million (approximately 15% YoY growth at midpoint) with non-GAAP operating margin of approximately 11.5%. For full-year 2025, the company revised annual revenue guidance to $443.0 million to $446.0 million (approximately 18% growth at midpoint), reflecting softer demand at the lower end of the market impacted by increased paid-search cost per click. Full-year non-GAAP operating margin is expected at approximately 12%, and full-year free cash flow margin is expected at approximately 12%.
SEMR YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $108.9M | $90.9M | +19.7% |
| Gross Profit | $87.8M | $76.0M | +15.5% |
Figures from SEC filings and company reports. Not investment advice.