Semrush's Q4 revenue slightly misses estimates

Semrush Holdings

02/03/2026 21:39

Overview

Online visibility management platform's Q4 revenue grew 15% yr/yr, slightly missing analyst expectations

Q4 net new ARR rose 48%, driven by AI products and Enterprise platform

Company's acquisition by Adobe expected to close in H1 2026

Outlook

Semrush will not provide guidance for Q1 or full-year 2026 due to Adobe acquisition

Result Drivers

AI PRODUCT GROWTH - AI products ARR increased from $4 million to $38 million, contributing significantly to overall ARR growth

ENTERPRISE PLATFORM EXPANSION - Enterprise platform ARR grew from $9 million to $37 million, with 579 customers, enhancing total ARR

HIGH-VALUE CUSTOMERS - Customers paying over $50,000 annually increased by over 74% year-over-year, boosting revenue

Company press release: ID:nBwbBwMdya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$117.66 mln
$118.63 mln (5 Analysts)
Q4 Net Income
-$10.98 mln
Q4 Gross Profit
$94.55 mln
Q4 Income From Operations
-$13.90 mln
Q4 Operating Expenses
$108.46 mln
Q4 Pretax Profit
-$9.81 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for SEMrush Holdings Inc is $12.00, about 1.5% above its February 27 closing price of $11.82

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)