Similarweb Ltd. (SMWB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Similarweb Ltd. (SMWB) stock price & volume — 10-year historical chart
Similarweb Ltd. (SMWB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Similarweb Ltd. (SMWB) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.01vs $0.01+0.0% | $74Mvs $73M+1.1% |
| Q1 2026 | Feb 17, 2026 | $0.03vs $0.02+60.1% | $73Mvs $76M-4.7% |
| Q4 2025 | Nov 11, 2025 | $0.05vs $0.02+150.0% | $72Mvs $76M-6.0% |
| Q3 2025 | Aug 12, 2025 | $0.01vs $0.02-50.0% | $71Mvs $72M-1.4% |
Similarweb Ltd. (SMWB) competitors in Audience Measurement and Digital Analytics — business model, growth, and fundamentals comparison
Similarweb Ltd. (SMWB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Similarweb Ltd. (SMWB) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 70.59M | 93.49M | 137.67M | 193.23M | 218.02M | 249.91M | 282.6M | 289.39M |
Revenue Growth % | - | 32.44% | 47.26% | 40.36% | 12.83% | 14.63% | 13.08% | 12.16% |
Cost of Goods Sold | 20.51M | 21.42M | 31.75M | 53.27M | 47.09M | 54.81M | 57.8M | 59.53M |
COGS % of Revenue | 29.06% | 22.91% | 23.06% | 27.57% | 21.6% | 21.93% | 20.45% | - |
Gross Profit | 50.08M▲ 0% | 72.07M▲ 43.9% | 105.92M▲ 47.0% | 139.96M▲ 32.1% | 170.93M▲ 22.1% | 195.1M▲ 14.1% | 224.8M▲ 15.2% | 229.86M▲ 0% |
Gross Margin % | 70.94% | 77.09% | 76.94% | 72.43% | 78.4% | 78.07% | 79.55% | 79.43% |
Gross Profit Growth % | - | 43.91% | 46.96% | 32.14% | 22.13% | 14.14% | 15.22% | - |
Operating Expenses | 66.19M | 91.74M | 172.02M | 227.82M | 199.74M | 204.76M | 248.36M | 247.37M |
OpEx % of Revenue | 93.77% | 98.14% | 124.95% | 117.9% | 91.61% | 81.93% | 87.88% | - |
Selling, General & Admin | 49.98M | 69.66M | 127.45M | 167.91M | 143.58M | 149.17M | 175.76M | 178.17M |
SG&A % of Revenue | 70.8% | 74.51% | 92.58% | 86.9% | 65.86% | 59.69% | 62.19% | - |
Research & Development | 16.21M | 22.09M | 45.24M | 59.9M | 56.16M | 55.6M | 72.6M | 73.38M |
R&D % of Revenue | 22.97% | 23.62% | 32.86% | 31% | 25.76% | 22.25% | 25.69% | - |
Other Operating Expenses | 0 | 0 | -667K | 290K | 0 | 0 | 0 | -1000K |
Operating Income | -16.11M▲ 0% | -19.67M▼ 22.1% | -66.11M▼ 236.0% | -87.86M▼ 32.9% | -28.81M▲ 67.2% | -9.66M▲ 66.5% | -23.56M▼ 143.8% | -17.51M▲ 0% |
Operating Margin % | -22.82% | -21.04% | -48.02% | -45.47% | -13.21% | -3.87% | -8.34% | -6.05% |
Operating Income Growth % | - | -22.11% | -236.01% | -32.9% | 67.21% | 66.45% | -143.83% | - |
EBITDA | -14.34M | -17.71M | -63.8M | -77.27M | -18.55M | 864K | -14.57M | -8.54M |
EBITDA Margin % | -20.31% | -18.94% | -46.35% | -39.99% | -8.51% | 0.35% | -5.16% | -2.95% |
EBITDA Growth % | - | -23.54% | -260.27% | -21.11% | 76% | 104.66% | -1786.92% | -38.59% |
D&A (Non-Cash Add-back) | 1.78M | 1.96M | 2.3M | 10.58M | 10.26M | 10.53M | 8.99M | 8.96M |
EBIT | -16.11M | -19.67M | -65.91M | -87.86M | -28.81M | -9.66M | -28.77M | -16.5M |
Net Interest Income | -1.14M | -1.68M | -1.89M | 4.75M | 815K | 134K | 0 | -8.78M |
Interest Income | 0 | 0 | 0 | 4.75M | 815K | 134K | 0 | 0 |
Interest Expense | 1.14M | 1.68M | 1.89M | 0 | 0 | 0 | 0 | 8.78M |
Other Income/Expense | -1.14M | -1.68M | -1.89M | 4.71M | 941K | 134K | -5.21M | -8.02M |
Pretax Income | -17.25M▲ 0% | -21.36M▼ 23.8% | -68M▼ 218.4% | -83.14M▼ 22.3% | -27.87M▲ 66.5% | -9.53M▲ 65.8% | -28.77M▼ 201.9% | -25.53M▲ 0% |
Pretax Margin % | -24.44% | -22.84% | -49.39% | -43.03% | -12.78% | -3.81% | -10.18% | -8.82% |
Income Tax | 458K | 640K | 981K | 516K | 1.51M | 1.93M | 4.16M | 4.51M |
Effective Tax Rate % | -2.66% | -3% | -1.44% | -0.62% | -5.41% | -20.22% | -14.46% | -17.65% |
Net Income | -17.71M▲ 0% | -22M▼ 24.2% | -68.98M▼ 213.6% | -83.66M▼ 21.3% | -29.37M▲ 64.9% | -11.46M▲ 61.0% | -32.94M▼ 187.5% | -30.04M▲ 0% |
Net Margin % | -25.08% | -23.53% | -50.11% | -43.3% | -13.47% | -4.58% | -11.65% | -10.38% |
Net Income Growth % | - | -24.22% | -213.6% | -21.28% | 64.89% | 60.99% | -187.47% | -67.02% |
Net Income (Continuing) | -17.71M | -22M | -68.98M | -83.66M | -29.37M | -11.46M | -32.94M | -30.04M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.32▲ 0% | -0.33▲ 75.0% | -1.30▼ 293.9% | -1.10▲ 15.4% | -0.38▲ 65.5% | -0.14▲ 63.2% | -0.39▼ 178.6% | -0.34▲ 0% |
EPS Growth % | - | 75% | -293.94% | 15.38% | 65.45% | 63.16% | -178.57% | -61.53% |
EPS (Basic) | -1.32 | -0.33 | -0.92 | -1.10 | -0.38 | -0.14 | -0.39 | - |
Diluted Shares Outstanding | 13.43M | 66.12M | 74.86M | 75.72M | 77.75M | 82.07M | 84.82M | 87.28M |
Basic Shares Outstanding | 13.43M | 66.12M | 74.86M | 75.72M | 77.75M | 82.07M | 84.45M | 87.28M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Similarweb Ltd. (SMWB) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 33M | 88.25M | 187.69M | 142.18M | 146.38M | 141.36M | 150.34M | 128.08M |
Cash & Short-Term Investments | 7.48M | 53.94M | 128.88M | 77.81M | 71.73M | 63.87M | 72.42M | 71.69M |
Cash Only | 7.03M | 23.94M | 128.88M | 77.81M | 71.73M | 63.87M | 72.42M | 71.69M |
Short-Term Investments | 447K | 30M | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 19.21M | 25.75M | 32.05M | 39.19M | 49.29M | 51.7M | 54.06M | 48.56M |
Days Sales Outstanding | 99.33 | 100.52 | 84.96 | 74.02 | 82.52 | 75.5 | 69.83 | 59.09 |
Inventory | 0 | 0 | 0 | 0 | 0 | 222K | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | 1.48 | - | - |
Other Current Assets | 5.45M | 7.4M | 23.91M | 21.68M | 22.59M | 22.61M | 17.91M | 7.82M |
Total Non-Current Assets | 12.96M | 15.39M | 39.31M | 103.86M | 92.63M | 101.56M | 110.8M | 129M |
Property, Plant & Equipment | 6.92M | 6.09M | 6.36M | 72.65M | 64.64M | 60.31M | 56.46M | 53.88M |
Fixed Asset Turnover | 10.20x | 15.35x | 21.66x | 2.66x | 3.37x | 4.14x | 5.01x | 5.14x |
Goodwill | 2.87M | 2.87M | 11.32M | 12.87M | 12.87M | 25.27M | 0 | 0 |
Intangible Assets | 0 | 0 | 11.62M | 9.56M | 4.79M | 5.58M | 45.58M | 55.79M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 3.18M | 6.43M | 10.02M | 8.79M | 10.34M | 10.39M | 8.76M | 19.32M |
Total Assets | 45.96M▲ 0% | 103.63M▲ 125.5% | 227M▲ 119.0% | 246.04M▲ 8.4% | 239.01M▼ 2.9% | 242.91M▲ 1.6% | 261.14M▲ 7.5% | 257.07M▲ 0% |
Asset Turnover | 1.54x | 0.90x | 0.61x | 0.79x | 0.91x | 1.03x | 1.08x | 1.14x |
Asset Growth % | - | 125.47% | 119.04% | 8.39% | -2.86% | 1.63% | 7.51% | 35.73% |
Total Current Liabilities | 75.49M | 109.11M | 134.15M | 180.93M | 184.19M | 177.19M | 196.56M | 193.2M |
Accounts Payable | 3.05M | 4.35M | 11.3M | 7.14M | 8.42M | 12.4M | 13.87M | 12.3M |
Days Payables Outstanding | 54.34 | 74.12 | 129.93 | 48.95 | 65.28 | 82.59 | 87.59 | 77.09 |
Short-Term Debt | 16.85M | 26.85M | 0 | 25M | 25M | 0 | 0 | 6.41M |
Deferred Revenue (Current) | 40.78M | 53.15M | 76.68M | 93.19M | 99.97M | 108.23M | 0 | 117.47M |
Other Current Liabilities | 8.48M | 13.74M | 22.24M | 346K | 23.26M | 29K | 153.51M | 37.48M |
Current Ratio | 0.44x | 0.81x | 1.40x | 0.79x | 0.79x | 0.80x | 0.76x | 0.76x |
Quick Ratio | 0.44x | 0.81x | 1.40x | 0.79x | 0.79x | 0.80x | 0.76x | 0.76x |
Cash Conversion Cycle | - | - | - | - | - | -5.61 | - | -18 |
Total Non-Current Liabilities | 3.68M | 3.77M | 7.94M | 43.16M | 39.28M | 38.21M | 41.25M | 43.05M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 40.08M | 35.33M | 32.81M | 34.45M | 134.24M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 3.47M | 3.03M | 5.86M | 2.11M | 3.07M | 4.23M | 6.8M | 8.17M |
Total Liabilities | 79.17M | 112.88M | 142.09M | 224.09M | 223.47M | 215.4M | 237.82M | 236.25M |
Total Debt | 16.85M | 26.85M | 0 | 74.17M | 67.42M | 39.73M | 43.3M | 39.39M |
Net Debt | 9.82M | 2.91M | -128.88M | -3.64M | -4.31M | -24.14M | -29.13M | -32.3M |
Debt / Equity | - | - | - | 3.38x | 4.34x | 1.44x | 1.86x | 1.86x |
Debt / EBITDA | - | - | - | - | - | 45.99x | - | -4.61x |
Net Debt / EBITDA | - | - | - | - | - | -27.94x | - | 3.78x |
Interest Coverage | -14.17x | -11.70x | -34.85x | - | - | - | - | -1.88x |
Total Equity | -33.21M▲ 0% | -9.25M▲ 72.1% | 84.91M▲ 1018.0% | 21.95M▼ 74.1% | 15.55M▼ 29.2% | 27.51M▲ 76.9% | 23.33M▼ 15.2% | 20.82M▲ 0% |
Equity Growth % | - | 72.15% | 1017.99% | -74.15% | -29.17% | 76.93% | -15.2% | -32.35% |
Book Value per Share | -2.47 | -0.14 | 1.13 | 0.29 | 0.20 | 0.34 | 0.28 | 0.24 |
Total Shareholders' Equity | -33.21M | -9.25M | 84.91M | 21.95M | 15.55M | 27.51M | 23.33M | 20.82M |
Common Stock | 37K | 42K | 205K | 210K | 216K | 227K | 240K | 242K |
Retained Earnings | -148.26M | -171.09M | -240.06M | -323.73M | -353.1M | -364.56M | -397.49M | -403.85M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 149K | 76K | 160K | -367K | 872K | 388K | 1M | 126K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Similarweb Ltd. (SMWB) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -9.69M | -3.76M | -27.63M | -46.06M | -3.04M | 30.17M | 14.64M | 14.64M |
Operating CF Margin % | -13.73% | -4.02% | -20.07% | -23.84% | -1.39% | 12.07% | 5.18% | - |
Operating CF Growth % | - | 61.21% | -634.71% | -66.75% | 93.41% | 1093.22% | -51.47% | -218.26% |
Net Income | -17.71M | -22M | -68.98M | -83.66M | -29.37M | -11.46M | -32.94M | -30.04M |
Depreciation & Amortization | 1.78M | 1.96M | 3.17M | 10.58M | 10.26M | 10.53M | 8.99M | 8.96M |
Stock-Based Compensation | 2M | 4.8M | 11.17M | 16.99M | 18.13M | 17.61M | 0 | -10.06M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -435K | 113K | -31K | 950K | 1.59M | 591K | 25.13M | 31.94M |
Working Capital Changes | 4.67M | 11.36M | 27.05M | 9.07M | -3.64M | 12.9M | 13.46M | 9.19M |
Change in Receivables | -6.01M | -6.62M | -5.13M | -6.88M | -9.73M | -2.13M | -2.29M | -8.23M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | -189K | 1.29M | 6.63M | -4.28M | 1.25M | 3.6M | 0 | -1.8M |
Cash from Investing | 479K | -30.76M | 7.36M | -33.01M | -2.59M | -18.7M | -13.23M | -10.37M |
Capital Expenditures | -284K | -748K | -2.31M | -28.26M | -1.56M | -1.43M | -1.49M | -1.54M |
CapEx % of Revenue | 0.4% | 0.8% | 1.68% | 14.62% | 0.72% | 0.57% | 0.53% | - |
Acquisitions | 0 | 0 | -9.51M | -3.49M | 0 | -15.41M | -15.79M | -13.02M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 763K | -30.01M | -10.82M | -1.26M | -1.03M | -1.86M | 4.05M | 4.18M |
Cash from Financing | 10.39M | 51.23M | 125.25M | 29.12M | 1.19M | -18.84M | 6.91M | 6.39M |
Debt Issued (Net) | 9.8M | 10M | -26.91M | 25M | 0 | -25M | 0 | 0 |
Equity Issued (Net) | 0 | 39.78M | 150.94M | 0 | 0 | 0 | 0 | 43K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 589K | 1.44M | 1.22M | 4.12M | 1.19M | 6.16M | 6.91M | 6.35M |
Net Change in Cash | 1.23M▲ 0% | 16.91M▲ 1278.1% | 104.94M▲ 520.6% | -51.07M▼ 148.7% | -6.08M▲ 88.1% | -7.86M▼ 29.4% | 8.55M▲ 208.8% | 5.76M▲ 0% |
Free Cash Flow | -11.5M▲ 0% | -4.89M▲ 57.4% | -30.74M▼ 527.9% | -77.24M▼ 151.3% | -5.42M▲ 93.0% | 27.44M▲ 606.5% | 13.15M▼ 52.1% | 8.7M▲ 0% |
FCF Margin % | -16.29% | -5.24% | -22.33% | -39.97% | -2.49% | 10.98% | 4.65% | 3.01% |
FCF Growth % | - | 57.43% | -527.95% | -151.29% | 92.99% | 606.46% | -52.06% | -60.69% |
FCF per Share | -0.86 | -0.07 | -0.41 | -1.02 | -0.07 | 0.33 | 0.16 | 0.16 |
FCF Conversion (FCF/Net Income) | 0.55x | 0.17x | 0.40x | 0.55x | 0.10x | -2.63x | -0.44x | -0.29x |
Interest Paid | 879K | 1.15M | 531K | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 326K | 190K | 468K | 485K | 1.88M | 1.17M | 0 | 1.46M |
Similarweb Ltd. (SMWB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -182.33% | -156.57% | -156.66% | -53.22% | -129.58% | -129.57% |
| Return on Invested Capital (ROIC) | - | - | -359.93% | -146.25% | -99.22% | - | 496.19% |
| Gross Margin | 77.09% | 76.94% | 72.43% | 78.4% | 78.07% | 79.55% | 79.43% |
| Net Margin | -23.53% | -50.11% | -43.3% | -13.47% | -4.58% | -11.65% | -10.38% |
| Debt / Equity | - | - | 3.38x | 4.34x | 1.44x | 1.86x | 1.86x |
| Interest Coverage | -11.70x | -34.85x | - | - | - | - | -1.88x |
| FCF Conversion | 0.17x | 0.40x | 0.55x | 0.10x | -2.63x | -0.44x | -0.29x |
| Revenue Growth | 32.44% | 47.26% | 40.36% | 12.83% | 14.63% | 13.08% | 12.16% |
Similarweb Ltd. (SMWB) stock FAQ — growth, dividends, profitability & financials explained
Similarweb Ltd. (SMWB) reported $289.4M in revenue for fiscal year 2025. This represents a 310% increase from $70.6M in 2019.
Similarweb Ltd. (SMWB) grew revenue by 13.1% over the past year. This is steady growth.
Similarweb Ltd. (SMWB) reported a net loss of $30.0M for fiscal year 2025.
Similarweb Ltd. (SMWB) has a return on equity (ROE) of -129.6%. Negative ROE indicates the company is unprofitable.
Similarweb Ltd. (SMWB) generated $8.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.