SMWB

MKT CAP:$224M

Similarweb Ltd.

Market Cap

$224M

Communication Services·Internet Content & Information·🇮🇱 Israel·NYSE

Communication·Internet·🇮🇱·NYSE

Stock Price

$2.59-$4.52 (-63.57%)

Apr 23, 2026

Company Details

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,...

CEO

Or Offer

IPO Date

May 12, 2021

Website

www.similarweb.com

Key Metrics TTM

Revenue

$283M

+13.1% YoY

Net Income

-$33M

EPS (Diluted)

-$0.39

Free Cash Flow

$13M

Revenue / Share

$3.26

Gross Margin

79.5%

Operating Margin

-8.3%

Net Margin

-11.7%

FCF Margin

4.7%

P/S

0.8x

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 2, 2026

$283M+13.1%EPS -$0.39

Q4 2025

Mar 2, 2026

$73M+10.9%EPS -$0.09

Q3 2025

Nov 12, 2025

$72M+10.9%EPS -$0.05

Q2 2025

Aug 12, 2025

$71M+17.0%EPS -$0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$44M	$31M	-$26M
Q2 22	$48M	$34M	-$26M
Q3 22	$50M	$36M	-$21M
Q4 22	$51M	$37M	-$15M
Q1 23	$53M	$41M	-$13M
Q2 23	$54M	$41M	-$10M
Q3 23	$55M	$44M	-$5M
Q4 23	$57M	$45M	-$1M
Q1 24	$59M	$46M	-$3M
Q2 24	$61M	$48M	-$953.0K
Q3 24	$65M	$50M	-$2M
Q4 24	$66M	$50M	-$4M
Q1 25	$67M	$53M	-$9M
Q2 25	$71M	$57M	-$7M
Q3 25	$72M	$57M	-$3M
Q4 25	$73M	$58M	-$5M

Valuation

Quarter	P/S	P/E
Q1 22	6.4x	—
Q2 22	3.9x	—
Q3 22	2.6x	—
Q4 22	2.4x	—
Q1 23	2.5x	—
Q2 23	2.5x	—
Q3 23	2.3x	—
Q4 23	2.0x	—
Q1 24	3.1x	—
Q2 24	2.6x	—
Q3 24	3.0x	—
Q4 24	4.6x	—
Q1 25	2.6x	—
Q2 25	2.4x	—
Q3 25	2.9x	—
Q4 25	2.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$914.0K	-$4M
Q2 22	-$13M	-$29M
Q3 22	-$22M	-$29M
Q4 22	-$12M	-$15M
Q1 23	$326.0K	-$1M
Q2 23	-$2M	-$3M
Q3 23	-$5M	-$5M
Q4 23	$4M	$4M
Q1 24	$10M	$10M
Q2 24	$7M	$6M
Q3 24	$9M	$9M
Q4 24	$3M	$3M
Q1 25	$5M	$4M
Q2 25	$3M	$3M
Q3 25	$3M	$3M
Q4 25	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$16M
Q3 22	$8M
Q4 22	$2M
Q1 23	$2M
Q2 23	$457.0K
Q3 23	$143.0K
Q4 23	$215.0K
Q1 24	$364.0K
Q2 24	$1M
Q3 24	$614.0K
Q4 24	$743.0K
Q1 25	$501.0K
Q2 25	$208.0K
Q3 25	$500.0K
Q4 25	$281.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+50.5%	+72.0%
Q2 22	+46.4%	+56.1%
Q3 22	+40.5%	+35.0%
Q4 22	+27.9%	+4.6%
Q1 23	+19.1%	-6.6%
Q2 23	+12.8%	-14.3%
Q3 23	+9.6%	-15.5%
Q4 23	+10.5%	-12.3%
Q1 24	+11.8%	-6.3%
Q2 24	+13.0%	-2.9%
Q3 24	+18.0%	+12.5%
Q4 24	+15.6%	+19.5%
Q1 25	+13.7%	+23.9%
Q2 25	+17.0%	+26.4%
Q3 25	+10.9%	+10.9%
Q4 25	+10.9%	+12.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	8.6%
Q2 22	$5M	10.0%
Q3 22	$5M	9.7%
Q4 22	$4M	7.0%
Q1 23	$4M	8.4%
Q2 23	$5M	8.7%
Q3 23	$5M	8.4%
Q4 23	$4M	7.8%
Q1 24	$4M	7.0%
Q2 24	$4M	7.4%
Q3 24	$5M	7.0%
Q4 24	$5M	6.9%
Q1 25	$6M	8.7%
Q2 25	$6M	8.7%
Q3 25	$0	0.0%
Q4 25	-$16M	-22.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$15M	$12M	$30M
Q2 22	$16M	$12M	$32M
Q3 22	$15M	$12M	$30M
Q4 22	$15M	$11M	$31M
Q1 23	$14M	$11M	$29M
Q2 23	$14M	$11M	$26M
Q3 23	$14M	$11M	$24M
Q4 23	$14M	$10M	$22M
Q1 24	$14M	$10M	$25M
Q2 24	$12M	$11M	$25M
Q3 24	$14M	$12M	$27M
Q4 24	$15M	$11M	$28M
Q1 25	$18M	$12M	$32M
Q2 25	$18M	$13M	$32M
Q3 25	$18M	$12M	$29M
Q4 25	$18M	$16M	$33M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$125M	$0	$125M
Q2 22	$94M	$0	$94M
Q3 22	$91M	$0	$91M
Q4 22	$78M	$0	$78M
Q1 23	$75M	$0	$75M
Q2 23	$73M	$0	$73M
Q3 23	$67M	$0	$67M
Q4 23	$72M	$0	$72M
Q1 24	$65M	$0	$65M
Q2 24	$72M	$0	$72M
Q3 24	$60M	$0	$60M
Q4 24	$64M	$0	$64M
Q1 25	$60M	$0	$60M
Q2 25	$59M	$0	$59M
Q3 25	$65M	$0	$65M
Q4 25	$72M	$0	$72M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	75M	+0.5%	+1.0%
Q2 22	76M	+0.8%	+1.7%
Q3 22	76M	+0.4%	+2.0%
Q4 22	76M	+0.3%	+2.0%
Q1 23	77M	+0.9%	+2.4%
Q2 23	78M	+0.9%	+2.5%
Q3 23	78M	+0.7%	+2.8%
Q4 23	78M	+0.4%	+2.9%
Q1 24	79M	+1.2%	+3.3%
Q2 24	81M	+1.5%	+3.9%
Q3 24	81M	+0.9%	+4.0%
Q4 24	82M	+1.0%	+4.6%
Q1 25	83M	+1.3%	+4.8%
Q2 25	84M	+1.1%	+4.3%
Q3 25	85M	+1.7%	+5.2%
Q4 25	87M	+1.3%	+5.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$47.8K	926
Q2 22	$51.4K	926
Q3 22	$54.0K	926
Q4 22	$50.5K	1K
Q1 23	$51.9K	1K
Q2 23	$52.8K	1K
Q3 23	$53.9K	1K
Q4 23	$63.1K	899
Q1 24	$65.6K	899
Q2 24	$67.4K	899
Q3 24	$72.0K	899
Q4 24	$60.4K	1K
Q1 25	$61.8K	1K
Q2 25	$65.4K	1K
Q3 25	$66.2K	1K
Q4 25	$72.8K	1K

Revenue / Employee