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Jun 30, 2021
Semrush Q2 2021 Earnings Report
Semrush's financial performance for Q2 2021 was reported, showing substantial revenue growth and customer acquisition.
Key Takeaways
Semrush announced strong second-quarter results with a 58% year-over-year increase in revenue, reaching $45 million. The company also saw a significant rise in ARR and customer base, alongside improvements in net loss and non-GAAP net income.
Total revenue reached $45 million, a 58% increase year-over-year.
ARR stood at $188 million as of June 30, 2021, marking a 57% year-over-year growth.
Dollar-based net revenue retention rate was 121%, up 500 basis points sequentially.
The company reported a net loss of $279 thousand, an improvement from the previous year's $2.1 million loss.
Semrush
Semrush
Forward Guidance
Semrush provided financial guidance for the third quarter and full year 2021, indicating continued revenue growth and a non-GAAP net loss.
Positive Outlook
- Revenue for Q3 2021 is expected to be in the range of $47.3 million to $47.7 million, representing a 47-48% year-over-year increase.
- Full year 2021 revenue is projected to be between $182 million and $184 million, up 46-47% year-over-year.
- Company grew revenue 13% sequentially and 58% year over year
- ARR of $188 million as of June 30, 2021, up 57% year over year
- Continued to add new capabilities to our platform in the second quarter
Challenges Ahead
- Non-GAAP net loss for Q3 2021 is expected to be in the range of $4.5 million to $4.0 million.
- Full year 2021 non-GAAP net loss is anticipated to be between $7.9 million and $6.3 million.
- Reconciliation of non-GAAP net loss guidance to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis
- Variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.
- The forward-looking statements contained in this release are also subject to other risks and uncertainties