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Mar 31, 2021
Semrush Q1 2021 Earnings Report
Semrush completed a successful listing on the New York Stock Exchange while also delivering strong growth in paying customers.
Key Takeaways
Semrush reported a strong first quarter with a 44% year-over-year increase in total revenue, reaching $40 million. The company also saw a 53% increase in ARR, reaching $168 million, and a 29% increase in paying customers, with over 72,000 customers as of March 31, 2021.
Total revenue of $40 million, up 44% year over year
ARR of $168 million as of March 31, 2021, up 53% year over year
Dollar based net revenue retention of 116%
Over 72K customers as of March 31, 2021, up 29% compared to a year ago
Semrush
Semrush
Forward Guidance
Semrush issued financial guidance for the second quarter and full year of 2021.
Positive Outlook
- Revenue is expected to be in a range of $42.2 million to $42.7 million, up 49% year over year
- Revenue is expected to be in a range of $175 million to $177 million, up 40-42% year over year
Challenges Ahead
- Non-GAAP net loss is expected to be in a range of $4.4 to $4.1 million for Q2
- Non-GAAP net loss is expected to be in a range of $7.9 to $6.3 million for the full year