Semrush (SEMR) investor relations material

Executive summary

• Q4 net new ARR reached $16.1 million, up 48% year-over-year, fueled by AI products and the Enterprise Platform.

• AI products ARR grew to $38 million, and Enterprise Platform ARR to $37 million, both showing significant year-over-year growth.

• Total ARR as of December 31, 2025, was $471.4 million, up 15% year-over-year.

• Q4 revenue was $117.7 million (up 15% YoY); full-year revenue was $443.6 million (up 18% YoY).

• Announced acquisition by Adobe, expected to close in H1 2026, with regulatory and stockholder approvals obtained.

Financial highlights

• Q4 loss from operations was $(13.9) million; full-year loss from operations was $(22.8) million.

• Q4 non-GAAP income from operations was $15.0 million (12.8% margin); full-year non-GAAP income from operations was $53.3 million (12% margin).

• Q4 cash flow from operations was $14.9 million (12.7% margin); full-year was $59.6 million (13.4% margin).

• Free cash flow for the year was $42.9 million (9.7% margin), up from $35.3 million (9.4% margin) in 2024.

• Net loss attributable to shareholders was $(11.1) million for Q4 and $(19.0) million for the year.

Outlook and guidance

• No guidance for Q1 or full-year 2026 due to the pending Adobe acquisition.