Semrush Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-19.5	7.38	0.95	-33.85	-3.29
Depreciation & Amortization	28.52	22.52	17.17	15.64	10.02
Stock-Based Compensation	52.63	28	15.34	7.39	2.74
Other Adjustments	3.28	0.79	-4.4	5.74	0.27
Change in Receivables	-18.16	0.71	-3.79	-3.32	-0.79
Changes in Accounts Payable	13.16	0.45	-7.39	6.79	1.53
Changes in Accrued Expenses	5.49	1.38	1.63	-0.85	11.61
Changes in Unearned Revenue	21.89	8.48	8.76	9.13	13.81
Changes in Other Operating Activities	-27.73	-22.5	-20.48	-16.31	-12.15
Operating Cash Flow	59.58	47	7.99	-9.62	23.76
Operating Cash Flow Growth	26.78%	488.48%	-	-	306.03%
Capital Expenditures	-1.79	-3.8	-2.49	-4.23	-2.38
Purchases of Intangible Assets	-14.87	-7.86	-5.17	-1.71	-1.4
Purchases of Investments	-140.8	-155.02	-257.99	-159.9	-0.5
Proceeds from Sale of Investments	324.59	147.5	241.64	-	-
Payments for Business Acquisitions	-5.57	-25.9	-5.07	-13.99	-0.35
Other Investing Activities	1.38	-13.14	-	-	-
Investing Cash Flow	162.94	-58.22	-29.07	-179.83	-4.63
Long-Term Debt Repaid	-1.09	-1.62	-	-	-
Net Long-Term Debt Issued (Repaid)	-1.09	-1.62	-	-	-
Issuance of Common Stock	3.88	4.12	2.5	1.74	216.7
Repurchase of Common Stock	-10.14	-	-	-	-
Net Common Stock Issued (Repurchased)	-6.26	4.12	2.5	1.74	216.7
Other Financing Activities	-0.19	-0.63	-2.52	-2.08	-1.37
Financing Cash Flow	-7.54	1.87	-0.02	-0.35	215.32
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.42	-0.43	0.18	-0.28	-0.23
Net Cash Flow	215.41	-9.79	-20.92	-190.08	234.22
Free Cash Flow	57.79	43.19	5.5	-13.86	21.38
Free Cash Flow Growth	33.79%	685.34%	-	-	513.51%
FCF Margin	13.03%	11.46%	1.79%	-5.45%	11.37%
Free Cash Flow Per Share	0.39	0.29	0.04	-0.10	0.17
Levered Free Cash Flow	19.49	13.15	-1.86	-23.67	19.16
Unlevered Free Cash Flow	-4.49	9.53	-4.38	-27.23	19.73

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q