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Jun 30
Similarweb Q2 2025 Earnings Report
Similarweb reported solid Q2 2025 results with revenue growth and positive non-GAAP profitability, despite a larger GAAP net loss.
Key Takeaways
Similarweb delivered 17% year-over-year revenue growth in Q2 2025, supported by demand for Gen AI and LLM-related data. The company returned to positive non-GAAP operating profit and free cash flow, although GAAP net loss widened.
Revenue reached $71.0 million, up from $60.6 million in Q2 2024
Non-GAAP net income was $1.1 million, marking a return to profitability
Customer base grew by 18% year-over-year to 5,951
Gen AI and LLM training-related revenue contributed nearly 8% of total Q2 revenue
Similarweb
Similarweb
Forward Guidance
Similarweb expects continued growth in Q3 and FY 2025 with improved operating profitability and revenue expansion driven by Gen AI data demand.
Positive Outlook
- Q3 2025 revenue forecasted between $71.5M and $72.0M
- Q3 2025 non-GAAP operating profit expected between $1.5M and $2.0M
- FY 2025 revenue forecasted between $285M and $288M
- FY 2025 non-GAAP operating profit raised to $5M–$7M
- Gen AI and LLM data contributing significantly to growth
Challenges Ahead
- GAAP net losses continue to widen
- Non-GAAP net income guidance not specified
- Cash balance decreased compared to year-end 2024
- Free cash flow lower than prior year
- Margin compression in GAAP metrics year-over-year