SEMR · As filed with the SEC
SEMrush Holdings cash flow statement, by fiscal year
The statement as SEMrush Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net income (loss) | — | — | 950 | (33,848) | (3,285) | (7,012) | (10,166) |
| Net (loss) income | (19,497) | 7,375 | — | — | — | — | — |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities | |||||||
| Depreciation and amortization expense | 13,865 | 10,068 | 6,790 | 6,650 | 3,535 | 1,484 | 1,050 |
| Amortization of deferred contract costs | 14,650 | 12,451 | 10,379 | 8,988 | 6,489 | 4,623 | 3,134 |
| Amortization (accretion) of premiums and discounts on investments | (2,101) | (3,270) | (6,067) | — | — | — | — |
| Non-cash lease expense | 5,011 | 4,570 | 3,940 | 4,520 | — | 0 | — |
| Stock-based compensation expense | 52,625 | 27,999 | 15,337 | 7,393 | 2,742 | 1,079 | 504 |
| Non-cash interest expense | 0 | 0 | 209 | 242 | 211 | 0 | 0 |
| Change in fair value of convertible debt securities | — | — | (3,552) | (1,152) | — | 0 | — |
| Change in fair value included in other income, net | — | (1,114) | — | — | — | — | — |
| Change in fair value included in other income, net | (948) | — | — | — | — | — | — |
| Deferred taxes | (370) | (1,094) | 301 | (253) | 59 | (90) | 83 |
| Change in fair value of share purchase option | — | — | — | — | 0 | 0 | 903 |
| Intangible asset impairment expense | 188 | 511 | 122 | 642 | — | 0 | — |
| Loss on disposal of subsidiaries | — | 0 | 0 | 1,738 | — | 0 | — |
| Other non-cash items | 1,502 | 978 | 858 | — | 0 | 497 | 0 |
| Changes in operating assets and liabilities | |||||||
| Accounts receivable | (18,156) | 708 | (3,789) | (3,317) | (791) | 738 | (744) |
| Deferred contract costs | (20,402) | (12,915) | (13,982) | (9,452) | (9,362) | (6,637) | (4,768) |
| Prepaid expenses and other current assets | (1,710) | (4,786) | (2,347) | (2,446) | (2,784) | (70) | (1,470) |
| Accounts payable | 13,158 | 450 | (7,394) | 6,793 | 1,527 | 1,825 | 1,596 |
| Accrued expenses | 5,489 | 1,384 | 1,627 | (848) | 11,613 | 2,501 | 4,107 |
| Other current liabilities | 3 | (507) | (238) | (394) | — | 0 | — |
| Deferred revenue | 21,893 | 8,479 | 8,755 | 9,133 | 13,807 | 6,914 | 7,646 |
| Other long-term liabilities | (357) | 91 | 0 | 94 | — | 497 | — |
| Change in operating lease liability | (5,260) | (4,382) | (3,913) | (4,107) | — | 0 | — |
| Net cash provided by operating activities | 59,583 | 46,996 | 7,986 | (9,624) | 23,761 | 5,852 | 1,875 |
| Investing Activities | |||||||
| Purchases of property and equipment | (1,793) | (3,802) | (2,486) | (4,234) | (2,380) | (2,367) | (1,001) |
| Capitalization of internal-use software costs | (14,865) | (7,862) | (5,165) | (1,706) | (1,403) | (1,032) | (162) |
| Purchases of short-term investments | (140,797) | (151,170) | (257,516) | (157,899) | — | 0 | — |
| Proceeds from sales and maturities of short-term investments | 324,592 | 147,500 | 241,641 | — | — | — | — |
| Purchases of convertible debt securities | — | (3,650) | (326) | (2,000) | (500) | 0 | 0 |
| Purchases of convertible debt securities | 0 | — | — | — | — | — | — |
| Funding of investment loan receivables | 0 | (7,757) | — | — | — | — | — |
| Proceeds from repayment of investment loan receivables | 7,757 | — | — | — | — | — | — |
| Cash paid for acquisition of assets and businesses, net of cash acquired | (5,574) | (25,902) | (5,066) | (13,993) | (350) | (2,685) | 0 |
| Purchase of noncontrolling interest | (6,378) | (5,383) | — | — | — | — | — |
| Purchases of other investments | 0 | (196) | (150) | — | — | — | — |
| Net cash provided by (used in) investing activities | 162,942 | (58,222) | (29,068) | (179,832) | (4,633) | (6,084) | (1,163) |
| Financing Activities | |||||||
| Proceeds from exercise of stock options | 3,879 | 4,118 | 2,240 | 981 | 1,327 | 252 | 97 |
| Net proceeds from completing public offerings | — | — | — | — | 215,370 | 0 | 0 |
| Proceeds from issuance of Series A-1 Preferred Stock upon exercise of share purchase option | — | — | — | — | 0 | 0 | 5,000 |
| Payment of capital leases | — | — | — | — | (1,373) | 0 | — |
| Proceeds from issuance of shares in connection with Employee Stock Purchase Plan | 0 | 0 | 264 | 758 | — | 0 | — |
| Payment of finance leases | — | — | — | (2,084) | — | 0 | — |
| Payment of deferred offering costs | — | — | — | 0 | 0 | (1,924) | 0 |
| Taxes paid related to net share settlement of equity awards | (10,135) | — | — | — | — | — | — |
| Repayment of acquired debt | (1,090) | (1,618) | — | — | — | — | — |
| Payment of finance leases | (189) | (630) | (2,523) | — | — | — | — |
| Net proceeds from completing public offerings | — | — | 0 | 0 | — | 0 | — |
| Net cash (used in) provided by financing activities | (7,535) | 1,870 | (19) | (345) | 215,324 | (1,672) | 5,097 |
| Effect of exchange rate changes on cash and cash equivalents | 415 | (432) | 184 | (275) | (230) | 0 | 0 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 215,405 | (9,788) | (20,917) | (190,076) | 234,222 | (1,904) | 5,809 |
| Cash, cash equivalents and restricted cash, beginning of period | 49,060 | 58,848 | 79,765 | 269,841 | 35,619 | 37,523 | 31,714 |
| Cash, cash equivalents and restricted cash, end of period | 264,465 | 49,060 | 58,848 | 79,765 | 269,841 | 35,619 | 37,523 |
| Supplemental cash flow disclosures | |||||||
| Cash paid for interest | 140 | 0 | 197 | 229 | 321 | 0 | 0 |
| Cash paid for income taxes (See Note 12) | 14,744 | 12,851 | 3,097 | 603 | 248 | 583 | 323 |
| Reclassification of share purchase option liability to stockholders’ deficit upon exercise | — | — | — | — | 0 | 0 | 5,270 |
| Deferred offering costs incurred and not paid | — | — | — | 0 | 0 | 243 | 0 |
| Credit facility costs incurred and not paid | — | — | — | 0 | 0 | 303 | 0 |
| Property and equipment purchases included in accounts payable | 0 | 49 | 585 | — | — | — | — |
| Acquisition of fixed assets under finance leases | — | 0 | 0 | 1,050 | 5,750 | 0 | 0 |
| Unrealized loss on short-term investments | — | — | — | 125 | — | 0 | — |
| Unrealized gain (loss) on short-term investments | — | — | 3 | — | — | — | — |
| Unrealized gain on short-term investments | 18 | 116 | — | — | — | — | — |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 5,198 | 2,525 | 5,739 | 5,567 | — | 0 | — |
| Reduction of right-of-use assets and lease liabilities due to lease modifications | — | — | — | 1,278 | — | 0 | — |
| Reclassification of deferred rent liability to right-of-use assets upon adoption of ASC 842 | — | — | — | 213 | — | 0 | — |
| Right-of-use assets and lease liabilities recorded upon adoption of ASC 842 | — | — | — | 12,579 | — | 0 | — |
| Accrued purchase consideration | 200 | 4,279 | 2,071 | 0 | 0 | 497 | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.