Similarweb Ltd. (SMWB)
NYSE:SMWB
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Similarweb
(NYSE:SMWB)
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Rating:58Neutral
Price Target:
$4.50
▲(44.23% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by improving fundamentals (multi-year revenue growth, strong gross margins, and positive recent cash generation) but held back by ongoing TTM losses and balance-sheet constraints. Technicals show an uptrend but with overbought signals, while valuation support is limited due to negative earnings and no dividend. The latest earnings call was constructive with raised guidance and improving non-GAAP profitability/FCF, though retention and execution risks remain.
Positive Factors
Contract Durability / RPO
A rising share of multiyear contracts (64% of ARR) and an 18% increase in RPO to ~$298M materially raise revenue visibility and reduce renewal volatility. This structural shift supports predictable recurring cash flows and smoother year‑to‑year growth while enabling more efficient sales/resource planning.
Negative Factors
Ongoing GAAP Losses
Despite non‑GAAP improvements, persistent GAAP losses and a roughly -11.7% net margin indicate the company has not yet converted strong top‑line and gross economics into sustainable GAAP profitability. Continued losses can limit returns to shareholders and constrain strategic investments if not fully closed.
Read all positive and negative factors
Positive Factors
Negative Factors
Contract Durability / RPO
A rising share of multiyear contracts (64% of ARR) and an 18% increase in RPO to ~$298M materially raise revenue visibility and reduce renewal volatility. This structural shift supports predictable recurring cash flows and smoother year‑to‑year growth while enabling more efficient sales/resource planning.
Read all positive factors
Similarweb (SMWB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$383.69M
Dividend YieldN/A
Average Volume (3M)799.32K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth12.16%
EPS Growth-60.98%
CountryUS
Employees1,085
SectorTechnology
Sector Strength88
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.35
Shares Outstanding87,600,540
10 Day Avg. Volume885,256
30 Day Avg. Volume799,319
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)27.12
Price to Sales (P/S)2.24
P/FCF Ratio48.09
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue1.14
Enterprise Value/Gross Profit1.43
Enterprise Value/Ebitda-43.61
Forecast
1Y Price Target
$4.13Price Target Upside32.21% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.17
Revenue Forecast (FY)$309.56M
Similarweb Business Overview & Revenue Model
Company Description
Similarweb Ltd. provides a platform for digital intelligence in the United States, Europe, Asia Pacific, the United Kingdom, Israel, and internationally. It offers digital research intelligence solutions that allow senior leaders, strategy, busine...
How the Company Makes Money
Similarweb primarily makes money through subscription-based sales of its software and data products (SaaS), where customers pay recurring fees (typically under term contracts) to access Similarweb’s platform, datasets, and analytics features. Key ...
Similarweb Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call emphasized multiple positive operational and financial trends — top‑end revenue delivery (+10% YoY), return to non‑GAAP profitability, sustained positive free cash flow, stronger multiyear contract coverage (64% of ARR), improving sales productivity, and accelerating AI revenue and strategic integrations (Claude, ChatGPT, Manus). Offsetting items include overall NRR still under 100% (98%), sequential customer count decline driven by self‑service churn, reliance on additional large LLM deals for back‑half acceleration, currency headwinds, and an announced CEO succession process. Overall, the positive financial execution, raised guidance, durable cash generation, and clear AI momentum outweigh the identified challenges.Positive Updates
Revenue Growth at Top of Guidance
Q1 revenue of $73.9 million, up 10% year-over-year and at the top end of guidance, with management raising the lower end of full-year 2026 revenue guidance to $307M–$315M (~10% growth at midpoint).
Negative Updates
Overall NRR Below 100%
Reported overall NRR of 98%, indicating slight net contraction across the full customer base despite 103% NRR in the >$100k cohort; management expects improvement but NRR remains a focus area.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth at Top of Guidance
Q1 revenue of $73.9 million, up 10% year-over-year and at the top end of guidance, with management raising the lower end of full-year 2026 revenue guidance to $307M–$315M (~10% growth at midpoint).
Read all positive updates
Company Guidance
Management raised the lower end of 2026 guidance, now forecasting full‑year revenue of $307–$315 million (about 10% y/y growth at the midpoint) and non‑GAAP operating profit of $70–$90 million; Q2 revenue is guided to $74.5–$76.5 million (≈6% y/y at the midpoint) with Q2 non‑GAAP operating profit of $3–$5 million. This follows Q1 results that were at the top of guidance: $73.9M revenue (+10% y/y), $2.4M non‑GAAP operating profit (3% margin), $6.6M normalized free cash flow, RPO of $298M (+18% y/y) with ~70% expected to be recognized over the next 12 months, cash of ~$65M and no debt (plus a $75M credit line). Key customer and subscription metrics underpinning the outlook include NRR of 98% overall and 103% for >$100k customers, 64% of ARR on multiyear contracts (up from 52% a year ago), total customer count 6,038 (+5% y/y) while the >$25k cohort is 1,840 (+2% y/y) with average account value $132k (+9% y/y); management expects continued quarterly positive normalized FCF and second‑half revenue acceleration driven by AI/LLM opportunities.Similarweb Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 289.39M | 282.60M | 249.91M | 218.02M | 193.23M | 137.67M |
| Gross Profit | 229.86M | 224.80M | 195.10M | 170.93M | 139.96M | 105.92M |
| EBITDA | -7.54M | -19.79M | 864.00K | -18.55M | -77.27M | -63.61M |
| Net Income | -30.04M | -32.94M | -11.46M | -29.37M | -83.66M | -68.98M |
Balance Sheet | ||||||
| Total Assets | 257.07M | 261.14M | 242.91M | 239.01M | 246.04M | 227.00M |
| Cash, Cash Equivalents and Short-Term Investments | 71.69M | 72.42M | 63.87M | 71.73M | 77.81M | 128.88M |
| Total Debt | 39.39M | 43.30M | 39.73M | 67.42M | 74.17M | 0.00 |
| Total Liabilities | 236.25M | 237.82M | 215.40M | 223.47M | 224.09M | 142.09M |
| Stockholders Equity | 20.82M | 23.33M | 27.51M | 15.55M | 21.95M | 84.91M |
Cash Flow | ||||||
| Free Cash Flow | 8.70M | 13.15M | 27.44M | -5.42M | -77.24M | -30.74M |
| Operating Cash Flow | 10.00M | 14.64M | 30.17M | -3.04M | -46.06M | -27.63M |
| Investing Cash Flow | -10.37M | -13.23M | -18.70M | -2.59M | -33.01M | 7.36M |
| Financing Cash Flow | 6.39M | 6.91M | -18.84M | 1.19M | 29.12M | 125.25M |
Similarweb Technical Analysis
Positive
3.12
Price Trends
3.03
Positive
3.59
Positive
6.05
Negative
Market Momentum
0.37
Negative
71.61
Negative
84.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMWB, the sentiment is Positive. The current price of 3.12 is below the 20-day moving average (MA) of 3.61, above the 50-day MA of 3.03, and below the 200-day MA of 6.05, indicating a neutral trend. The MACD of 0.37 indicates Negative momentum. The RSI at 71.61 is Negative, neither overbought nor oversold. The STOCH value of 84.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMWB.
Similarweb Risk Analysis
Similarweb disclosed 85 risk factors in its most recent earnings report. Similarweb reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Similarweb Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.33B | 12.46 | 11.91% | ― | 9.62% | 880.15% | |
64 Neutral | $789.47M | -18.34 | -10.32% | ― | 6.78% | 52.54% | |
63 Neutral | $380.36M | 13.24 | 7.03% | ― | 5.94% | 56.89% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $383.69M | -12.73 | -129.57% | ― | 12.16% | -60.98% | |
55 Neutral | $503.31M | -23.45 | -3.62% | 7.14% | -1.77% | -152.61% | |
44 Neutral | $368.73M | -3.41 | -18.42% | ― | 4.54% | -39.79% |
* Technology Sector Average
SMWB
Similarweb
4.38
-3.03
-40.89%
SSTK
Shutterstock
13.70
-3.51
-20.39%
FVRR
Fiverr International
10.58
-22.07
-67.60%
GETY
Getty Images Holdings
0.88
-0.88
-50.00%
TBLA
Taboola.com
4.86
1.30
36.52%
NXDR
Nextdoor Holdings
2.07
0.50
31.85%
Similarweb Corporate Events
Similarweb Tightens Executive Pay Policy and Adjusts Audit Committee Leadership Ahead of May 28 AGM
May 14, 2026
On May 14, 2026, Similarweb Ltd. filed an amended Form 6-K related to its annual general meeting scheduled for May 28, 2026 in Givatayim, Israel, clarifying changes to governance and executive pay terms. The company disclosed that at the conclusio...
Similarweb Launches Planned CEO Succession Search as Founder Or Offer Prepares Mid-2027 Exit
May 13, 2026
Similarweb announced on May 13, 2026, that its board has launched a formal CEO succession process, as founder and Chief Executive Officer Or Offer prepares to step down after nearly two decades at the helm. Offer, who founded the company in 2007 a...
Similarweb Lifts 2026 Outlook After Strong Q1 and AI-Focused Expansion
May 13, 2026
On May 13, 2026, Similarweb reported first-quarter 2026 revenue of $73.9 million, up 10% year over year, and delivered non-GAAP operating profit of $2.4 million, both at the top end of its guidance range. The company narrowed its GAAP operating lo...
Similarweb Sets May 28, 2026 AGM to Vote on Directors, Pay Policy and Auditor Reappointment
Apr 23, 2026
Similarweb Ltd. has called its 2026 Annual General Meeting of Shareholders for May 28, 2026 at its Givatayim, Israel headquarters, inviting holders of ordinary shares of record as of April 23, 2026 to participate. Shareholders will receive proxy m...
Similarweb Names Veteran Investor Harel Beit-On Chairman to Steer AI-Era Growth
Mar 26, 2026
On March 26, 2026, Similarweb Ltd. announced that long-serving board member and Viola Group co-founder Harel Beit-On has been appointed Chairman of its Board of Directors, leveraging more than three decades of leadership and technology investment ...
Similarweb CEO Or Offer Buys 40,000 Company Shares in Open Market
Feb 23, 2026
On February 19, 2026, Similarweb CEO and co-founder Or Offer purchased 40,000 of the company’s ordinary shares in open market transactions at an average price of $2.45, for a total personal investment of about $98,000. The insider share purc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.