Strong Revenue Growth
Semrush reported a revenue of $97.4 million, which is an increase of 24% year-over-year. The annual recurring revenue (ARR) also grew by 24% year-over-year.
Increased Non-GAAP Operating Margin
Non-GAAP operating margin increased to 12.4%, up from 9.5% in the prior year period.
Expansion of Total Addressable Market
The total addressable market tripled from $13 billion to $40 billion, providing opportunities for market share gain and capturing new market spaces.
Enterprise Product Success
Major deals secured with brands like Salesforce, HSBC, LG, Samsung, Alibaba, Sony, DoorDash, TikTok, Square, and more. Significant upgrades from existing clients and new wins displacing competitors.
Positive Customer Acquisition and Retention
Added approximately 1,300 net new paying customers, with average ARR per paying customer now exceeding $3,400, up 13% year-over-year.