Semrush Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-4.51	8.24	0.95	-33.85	-3.29	-7.01
Depreciation & Amortization	9.25	7.87	6.07	6.08	3.05	1.18
Other Amortization	17.61	14.65	11.1	9.56	6.97	4.93
Loss (Gain) From Sale of Assets	-	-	-	1.74	-	-
Asset Writedown & Restructuring Costs	0.51	0.51	0.12	0.64	-	-
Loss (Gain) From Sale of Investments	-3.84	-4.38	-9.62	-1.15	-	-
Stock-Based Compensation	43.67	28	15.34	7.39	2.74	1.08
Other Operating Activities	3.54	3.59	5.31	4.51	0.27	-0.09
Change in Accounts Receivable	-7.29	0.71	-3.79	-3.32	-0.79	0.74
Change in Accounts Payable	8.76	0.45	-7.39	6.79	1.53	1.83
Change in Unearned Revenue	13.12	8.48	8.76	9.13	13.81	6.91
Change in Other Net Operating Assets	-24.19	-21.12	-18.85	-17.15	-0.53	-3.71
Operating Cash Flow	56.62	47	7.99	-9.62	23.76	5.85
Operating Cash Flow Growth	21.46%	488.48%	-	-	306.03%	212.11%
Capital Expenditures	-2.12	-3.8	-2.49	-4.23	-2.38	-2.37
Cash Acquisitions	-7.2	-31.29	-5.07	-13.99	-0.35	-2.69
Sale (Purchase) of Intangibles	-13.01	-7.86	-5.17	-1.71	-1.4	-1.03
Investment in Securities	-4.73	-7.52	-16.35	-159.9	-0.5	-
Investing Cash Flow	-19.3	-58.22	-29.07	-179.83	-4.63	-6.08
Long-Term Debt Repaid	-	-2.25	-2.52	-2.08	-1.37	-
Net Debt Issued (Repaid)	-1.83	-2.25	-2.52	-2.08	-1.37	-
Issuance of Common Stock	1.28	4.12	2.5	1.74	216.7	0.25
Other Financing Activities	-	-	-	-	-	-1.92
Financing Cash Flow	-1.74	1.87	-0.02	-0.35	215.32	-1.67
Foreign Exchange Rate Adjustments	0.12	-0.43	0.18	-0.28	-0.23	-
Net Cash Flow	35.7	-9.79	-20.92	-190.08	234.22	-1.9
Free Cash Flow	54.5	43.19	5.5	-13.86	21.38	3.49
Free Cash Flow Growth	30.44%	685.34%	-	-	513.51%	298.74%
Free Cash Flow Margin	12.72%	11.46%	1.79%	-5.45%	11.37%	2.79%
Free Cash Flow Per Share	0.37	0.29	0.04	-0.10	0.17	0.04
Cash Interest Paid	-	-	0.2	0.23	0.32	-
Cash Income Tax Paid	13.76	12.85	3.1	0.6	0.25	0.58
Levered Free Cash Flow	62.22	49.44	18.92	8.89	30.29	12.01
Unlevered Free Cash Flow	62.22	49.44	18.92	8.89	30.29	12.01
Change in Working Capital	-9.6	-11.48	-21.28	-4.54	14.01	5.77

Source: S&P Global Market Intelligence. Standard template. Financial Sources.