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SMWB

Similarweb Ltd.

SMWB

Similarweb Ltd. • NYSE
$7.83 ▲ 0.64% (+0.05)
Market Cap $655.31 M
52w High $17.64
52w Low $6.36
Dividend Yield 0%
P/E -21.75
Volume 157.72K
Outstanding Shares 83.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $71.789M ▲ $59.884M ▼ $-4.331M ▲ -6.033% ▲ $-0.051 ▲ $-1.4M ▲
Q2-2025 $70.966M ▲ $63.582M ▲ $-11.849M ▼ -16.697% ▼ $-0.14 ▼ $-4.539M ▲
Q1-2025 $67.087M ▲ $62.408M ▲ $-9.259M ▼ -13.801% ▼ $-0.11 ▼ $-7.193M ▼
Q4-2024 $65.587M ▲ $53.816M ▲ $-5.42M ▼ -8.264% ▼ $-0.066 ▼ $-1.044M ▼
Q3-2024 $64.707M $52.931M $-2.566M -3.966% $-0.032 $406K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $65.464M ▲ $248.271M ▲ $223.258M ▲ $25.013M ▲
Q2-2025 $59.341M ▼ $245.376M ▲ $221.821M ▲ $23.555M ▼
Q1-2025 $59.567M ▼ $237.687M ▼ $213.705M ▼ $23.982M ▼
Q4-2024 $63.869M ▲ $242.911M ▲ $215.403M ▲ $27.508M ▲
Q3-2024 $60.131M $226.4M $200.219M $26.181M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.331M ▲ $3.45M ▲ $-755K ▲ $2.309M ▼ $6.123M ▲ $2.95M ▲
Q2-2025 $-11.849M ▼ $2.86M ▼ $-6.742M ▲ $2.616M ▲ $-226K ▲ $2.652M ▼
Q1-2025 $-9.259M ▼ $4.886M ▲ $-9.91M ▼ $562K ▼ $-4.302M ▼ $4.385M ▲
Q4-2024 $-5.42M ▼ $3.418M ▼ $-853K ▲ $1.884M ▲ $3.738M ▲ $2.675M ▼
Q3-2024 $-2.566M $9.344M $-12.348M $667K $-1.66M $8.73M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, and gross profit has risen along with it, showing that the core data and software products are gaining traction. At the same time, the company has operated at a loss throughout this period, although those losses have narrowed meaningfully more recently and results are now hovering close to break-even on an operating and EBITDA basis. That points to improving efficiency and better cost control, but it also signals that profitability is still not fully established and could remain sensitive to any slowdown in growth or step-up in spending.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable, with total assets holding roughly flat in recent years and cash representing a meaningful share of those assets. Debt has been introduced and then modestly reduced, suggesting the company has begun to use leverage but not in an aggressive way. Equity is positive but thin, reflecting the history of losses and indicating a limited cushion against major setbacks. Overall, the balance sheet is serviceable but not yet a clear strength; it supports operations, but it does not provide abundant excess capital.

Cash Flow

Cash Flow Cash generation has improved over time. Operating cash flow moved from being consistently negative to roughly breakeven and then positive in the most recent year, which is an important milestone for any software and data platform. Free cash flow followed a similar path, helped by modest capital spending needs. This pattern suggests the business model is maturing and becoming more self-funded, though the track record of positive cash flow is still short, so its durability has not yet been fully tested.

Competitive Edge

Competitive Edge Similarweb operates in a competitive digital intelligence and analytics space but has carved out a differentiated position. Its strength comes from a very broad and proprietary data set, global coverage, and the use of advanced analytics to turn raw digital signals into market insights. The platform spans multiple use cases—marketing, sales, research, and e-commerce—which makes it more embedded in customer workflows and can increase switching costs. However, the field includes large, well-funded competitors and fast-moving niche players, so Similarweb must keep innovating and maintaining data quality to protect its position.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Similarweb leans heavily on machine learning and artificial intelligence to process vast amounts of web and app data and has recently pushed into AI-specific products, such as tools that measure brand visibility in AI chat environments and analyze traffic from AI chatbots. The launch of AI-powered “agents” and upgraded intelligence platforms shows a shift toward more automated, prescriptive insights rather than simple reporting. Continued expansion of data sources, deeper AI integration, and privacy-aware analytics all point to an R&D agenda that is aligned with where digital markets are headed, though it requires ongoing investment to stay ahead.

Summary

Similarweb shows a classic profile of a scaling software and data company: consistent revenue growth, improving but still fragile profitability, and a balance sheet that is adequate but not overly robust. Cash flow trends are moving in the right direction, reducing reliance on outside funding, yet the margin of safety remains limited given past losses and modest equity. Competitively, the company benefits from a rich data asset, strong analytics, and an increasingly integrated product suite, all of which create meaningful barriers to entry. Its heavy emphasis on AI and new use cases in marketing, sales, and e-commerce provides clear growth avenues but also raises execution demands. Overall, the story is one of a business that has established a solid niche and is transitioning from growth-at-all-costs toward more disciplined, cash-generative operations, with the main questions centered on sustaining innovation and cementing durable profitability.

NEWS

November 20, 2025 · 8:00 AM UTC

Similarweb Fall 2025 Updates Double Down on Data-Driven AI to Give Businesses a Competitive Edge

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November 11, 2025 · 4:00 PM UTC

Similarweb Announces Third Quarter 2025 Results

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October 27, 2025 · 7:30 AM UTC

Similarweb Names Ran Vered Chief Financial Officer

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October 20, 2025 · 9:00 AM UTC

Similarweb to Announce Third Quarter 2025 Financial Results on November 11, 2025, After Market Close

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October 15, 2025 · 8:00 AM UTC

Similarweb Web Intelligence 4.0: Data You Can Trust to Help You Win Your Market

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