SEMR · As filed with the SEC

SEMrush Holdings cash flow statement, by quarter

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	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024
Operating Activities
Net (loss) income	(10,980)^†	(2,395)^†	(6,777)^†	655	3,293^†	718^†	1,361^†	2,003
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities
Depreciation and amortization expense	3,970^†	3,582^†	2,889^†	3,424	2,974^†	2,825^†	2,086^†	2,183
Amortization of deferred contract costs	3,946^†	3,661^†	3,569^†	3,474	3,288^†	3,109^†	3,038^†	3,016
Amortization (accretion) of premiums and discounts on investments	(96)^†	(605)^†	(741)^†	(659)	(719)^†	(528)^†	(952)^†	(1,071)
Non-cash lease expense	1,322^†	1,238^†	1,194^†	1,257	1,139^†	1,198^†	1,069^†	1,164
Stock-based compensation expense	17,103^†	12,974^†	13,436^†	9,112	8,143^†	7,575^†	7,166^†	5,115
Non-cash interest expense	—	—	—	—	0^†	0^†	0^†	0
Change in fair value of convertible debt securities	—	—	—	—	—	—	0^†	0
Change in fair value included in other income, net	135^†	188^†	(107)^†	(1,164)	(481)^†	(633)^†	0^†	—
Deferred taxes	(159)^†	(250)^†	94^†	(55)	(808)^†	(69)^†	(117)^†	(100)
Other non-cash items	136^†	111^†	375^†	880	(479)^†	57^†	556^†	844
Changes in operating assets and liabilities
Accounts receivable	(9,854)^†	(2,875)^†	(3,260)^†	(2,167)	1,009^†	473^†	(1,556)^†	782
Deferred contract costs	(7,364)^†	(5,447)^†	(3,700)^†	(3,891)	(3,935)^†	(2,851)^†	(2,674)^†	(3,455)
Prepaid expenses and other current assets	4,375^†	(1,919)^†	(3,787)^†	(379)	(1,291)^†	522^†	(1,742)^†	(2,275)
Accounts payable	2,906^†	7,622^†	(929)^†	3,559	(1,489)^†	33^†	894^†	1,012
Accrued expenses	290^†	5,095^†	(1,528)^†	1,632	88^†	(1,621)^†	1,503^†	1,414
Other current liabilities	—	—	66^†	(299)	20^†	(887)^†	750^†	(390)
Deferred revenue	10,397^†	2,138^†	1,485^†	7,873	1,627^†	(501)^†	1,695^†	5,658
Other long-term liabilities	—	—	4^†	158	7^†	(8)^†	92^†	0
Change in operating lease liability	(1,284)^†	(1,076)^†	(1,599)^†	(1,301)	(964)^†	(1,271)^†	(1,026)^†	(1,121)
Net cash provided by operating activities	14,896^†	21,894^†	684^†	22,109	11,933^†	8,141^†	12,143^†	14,779
Investing Activities
Purchases of property and equipment	(67)^†	(397)^†	(604)^†	(725)	(391)^†	(505)^†	(2,147)^†	(759)
Capitalization of internal-use software costs	(3,878)^†	(4,455)^†	(3,653)^†	(2,879)	(2,020)^†	(1,473)^†	(2,354)^†	(2,015)
Purchases of short-term investments	(69,466)^†	(9,807)^†	(34,368)^†	(27,156)	(14,402)^†	(53,163)^†	(36,899)^†	(46,706)
Proceeds from sales and maturities of short-term investments	258,592^†	20,000^†	28,000^†	18,000	15,000^†	30,000^†	77,500^†	25,000
Purchases of convertible debt securities	—	—	—	—	—	—	—	0
Purchases of convertible debt securities	0^†	0^†	—	—	0^†	(3,000)^†	—	—
Funding of investment loan receivables	0^†	0^†	0^†	0	0^†	(757)^†	0^†	(7,000)
Proceeds from repayment of investment loan receivables	0^†	81^†	0^†	7,676	0^†	0^†	0^†	—
Cash paid for acquisition of assets and businesses, net of cash acquired	(3,927)^†	(550)^†	(585)^†	(512)	(4,820)^†	(11,056)^†	(9,525)^†	(501)
Purchase of noncontrolling interest	(6,154)^†	(1)^†	(133)^†	(90)	(513)^†	(4,870)^†	0^†	—
Purchases of other investments	0^†	0^†	—	—	0^†	(65)^†	(131)^†	0
Net cash provided by (used in) investing activities	175,100^†	4,871^†	(11,343)^†	(5,686)	(7,146)^†	(44,889)^†	25,794^†	(31,981)
Financing Activities
Proceeds from exercise of stock options	3,014^†	217^†	283^†	365	418^†	647^†	2,209^†	844
Proceeds from issuance of shares in connection with Employee Stock Purchase Plan	—	—	—	—	0^†	0^†	0^†	0
Taxes paid related to net share settlement of equity awards	(8,949)^†	(760)^†	—	—	0^†	0^†	—	—
Repayment of acquired debt	(2)^†	0^†	(477)^†	(611)	(504)^†	(1,114)^†	0^†	—
Payment of finance leases	0^†	22^†	(112)^†	(99)	(53)^†	(84)^†	(83)^†	(410)
Net cash (used in) provided by financing activities	(5,937)^†	(521)^†	(732)^†	(345)	(139)^†	(551)^†	2,126^†	434
Effect of exchange rate changes on cash and cash equivalents	(559)^†	214^†	1,048^†	(288)	(856)^†	1,038^†	(107)^†	(507)
Increase (decrease) in cash, cash equivalents and restricted cash	183,500^†	26,458^†	(10,343)^†	15,790	3,792^†	(36,261)^†	39,956^†	(17,275)
Cash, cash equivalents and restricted cash, beginning of period	80,965	54,507	64,850	49,060	45,268	81,529	41,573	58,848
Cash, cash equivalents and restricted cash, end of period	264,465	80,965	54,507	64,850	49,060	45,268	81,529	41,573
Supplemental cash flow disclosures
Cash paid for interest	—	—	—	—	0^†	0^†	0^†	0
Cash paid for income taxes (See Note 12)	2,449^†	2,521^†	7,948^†	1,826	1,468^†	7,745^†	3,439^†	199
Property and equipment purchases not paid	—	—	—	—	—	27^†	12^†	9
Property and equipment purchases included in accounts payable	(3)^†	(283)^†	141^†	145	1^†	5,080^†	2,915^†	—
Unrealized loss on short-term investments	—	—	—	—	—	—	184^†	744
Unrealized gain on short-term investments	(847)^†	152^†	123^†	590	(1,582)^†	2,626^†	(184)^†	—
Right-of-use assets obtained in exchange for new operating lease liabilities	5^†	2,446^†	79^†	2,668	1,601^†	(7)^†	931^†	—
Accrued purchase consideration	200^†	0^†	—	—	(822)^†	2,177^†	—	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.