Similarweb (SMWB)
NYSE:SMWB
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Similarweb
(NYSE:SMWB)
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Rating:50Neutral
Price Target:
$3.00
▲(19.05% Upside)
Action:ReiteratedDate:02/21/26
The score is driven primarily by mixed financial performance: strong gross margins and positive free cash flow, but continued net losses and a still-risky balance-sheet profile per the provided statements. Technicals meaningfully weigh on the rating due to a strong downtrend (price far below major moving averages) despite oversold readings. Earnings call guidance and profitability progress provide support, but deal timing uncertainty and sub-100% NRR remain key risks.
Positive Factors
High Gross Margins
Sustained gross margins near 78–79% reflect a scalable software/data model and durable unit economics. High gross margins give Similarweb room to invest in R&D and sales while pursuing profitability, supporting long‑term margin sustainability even as revenue growth moderates.
Negative Factors
Below‑target NRR
NRR under 100% indicates expansion across the broad customer base is insufficient to offset churn, limiting organic ARR growth. Over time this reduces leverage from installed customers, forcing heavier reliance on new sales to sustain growth and pressuring unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained gross margins near 78–79% reflect a scalable software/data model and durable unit economics. High gross margins give Similarweb room to invest in R&D and sales while pursuing profitability, supporting long‑term margin sustainability even as revenue growth moderates.
Read all positive factors
Similarweb (SMWB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$219.14M
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth14.25%
EPS Growth-211.21%
CountryUS
Employees1,085
SectorTechnology
Sector Strength88
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.03
Shares Outstanding86,962,204
10 Day Avg. Volume405,794
30 Day Avg. Volume1,345,588
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 Cap0.87
Enterprise Value/Revenue0.67
Enterprise Value/Gross Profit0.85
Enterprise Value/Ebitda-14.01
Forecast
1Y Price Target
$5.60Price Target Upside122.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.2
Revenue Forecast (FY)$307.54M
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 generates revenue primarily through subscription-based models, offering tiered pricing plans for its analytics tools and services. This includes access to its comprehensive data sets and insights, which are essential for businesses aimi...
Similarweb Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call emphasized meaningful progress: durable profitability, strong cash balance, expanding multi‑year ARR, growing enterprise customers, and accelerating AI product traction (AI now 11% of Q4 revenue and 3x YoY AI growth). However, near-term headwinds include a Q4 revenue miss driven by delayed large LLM contracts, NRR below 100% for the broad base, sales ramp and GTM execution shortcomings, and guidance uncertainty due to lumpy large deals. Management communicated concrete mitigations (dedicated teams, GTM optimizations, disciplined cost control) and provided prudent FY26 guidance, indicating confidence in scaling while preserving profitability.Positive Updates
Quarterly Revenue Growth
Revenue grew 11% year-over-year to $72.8M in Q4 2025, reflecting sustained top-line expansion despite timing issues with large contracts.
Negative Updates
Q4 Revenue Miss from Delayed Large LLM Contracts
Q4 revenue fell short of guidance primarily due to the timing of two large LLM data training contracts that did not close as expected; management indicated these remain active but are lumpy and difficult to timetable.
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Growth
Revenue grew 11% year-over-year to $72.8M in Q4 2025, reflecting sustained top-line expansion despite timing issues with large contracts.
Read all positive updates
Company Guidance
Similarweb issued its first formal 2026 outlook, guiding full‑year revenue of $305–$315 million (about 10% YoY growth at the midpoint) and Q1 revenue of $72–$74 million (about 9% YoY at the midpoint), with non‑GAAP operating profit expected to be $16–$19 million for the year and $0.5–$2.5 million for Q1; the company widened the revenue band to roughly $10 million to reflect timing uncertainty around several large multiyear LLM/data deals. For context, Q4 2025 revenue was $72.8 million (+11% YoY) with non‑GAAP operating profit of $3.4 million (5% margin), the business generated approximately $13 million of free cash flow in 2025, ended the year with ~$72 million cash and no debt (and a $75 million credit line), and plans to continue investing around 20% of revenue in R&D while pursuing disciplined, profitable growth.Similarweb Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
42
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 282.60M | 249.91M | 218.02M | 193.23M | 137.67M |
| Gross Profit | 224.80M | 195.10M | 170.93M | 139.96M | 105.92M |
| EBITDA | -19.79M | 864.00K | -18.55M | -77.27M | -63.61M |
| Net Income | -32.94M | -11.46M | -29.37M | -83.66M | -68.98M |
Balance Sheet | |||||
| Total Assets | 261.14M | 242.91M | 239.01M | 246.04M | 227.00M |
| Cash, Cash Equivalents and Short-Term Investments | 72.42M | 63.87M | 71.73M | 77.81M | 128.88M |
| Total Debt | 43.30M | 39.73M | 67.42M | 74.17M | 0.00 |
| Total Liabilities | 237.82M | 215.40M | 223.47M | 224.09M | 142.09M |
| Stockholders Equity | 23.33M | 27.51M | 15.55M | 21.95M | 84.91M |
Cash Flow | |||||
| Free Cash Flow | 13.15M | 27.44M | -5.42M | -77.24M | -30.74M |
| Operating Cash Flow | 14.64M | 30.17M | -3.04M | -46.06M | -27.63M |
| Investing Cash Flow | -13.23M | -18.70M | -2.59M | -33.01M | 7.36M |
| Financing Cash Flow | 6.91M | -18.84M | 1.19M | 29.12M | 125.25M |
Similarweb Technical Analysis
Negative
2.52
Price Trends
3.73
Negative
5.63
Negative
7.19
Negative
Market Momentum
-0.29
Negative
30.50
Neutral
25.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMWB, the sentiment is Negative. The current price of 2.52 is below the 20-day moving average (MA) of 2.70, below the 50-day MA of 3.73, and below the 200-day MA of 7.19, indicating a bearish trend. The MACD of -0.29 indicates Negative momentum. The RSI at 30.50 is Neutral, neither overbought nor oversold. The STOCH value of 25.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $571.59M | 14.82 | 7.88% | 7.14% | 13.06% | 66.19% | |
64 Neutral | $350.88M | 34.17 | 5.27% | ― | 12.68% | 133.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $832.80M | 33.98 | 4.51% | ― | 10.96% | ― | |
51 Neutral | $527.31M | -14.97 | -12.56% | ― | 6.65% | 50.32% | |
50 Neutral | $219.14M | -19.21 | -137.41% | ― | 14.25% | -211.21% | |
49 Neutral | $311.24M | -2.69 | -34.48% | ― | 3.10% | -264.21% |
* Technology Sector Average
SMWB
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2.52
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Similarweb Corporate Events
Similarweb Posts 2025 Revenue Growth as It Pushes Deeper Into AI Data Partnerships
Feb 17, 2026
Similarweb on February 17, 2026 reported fourth-quarter and full-year 2025 results showing revenue growth but pressure on profitability as it invests to align its data platform with AI-driven demand. Q4 revenue rose 11% year-over-year to $72.8 mil...
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.