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4 days ago
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Similarweb Launches Similarweb AI Agents
Each AI agent supports specific tasks like SEO, content planning, sales outreach, or trend analysis by efficiently processing and summarising large volumes of data to improve performance and speed. Staff Writer less than a minute ago Similarweb, the AI-powered digital intelligence platform, has announced the launch of Similarweb AI Agents . This suite of digital AI experts lets businesses transform how they analyse SEO trends, engage customers, and execute strategies. Unlike generic AI assistants, Similarweb's agents are tools built for distinct business functions. They're trained on extensive, up-to-date digital data—100 million websites, 4 million apps, 5 billion search keywords, and 20 million companies. Each agent supports specific tasks like SEO, content planning, sales outreach, or trend analysis by efficiently processing and summarising large volumes of data to improve performance and speed. By automating time-consuming tasks, Similarweb AI Agents aim to support sales, marketing, investment, and analytics teams—helping them complete work faster and more effectively than before. ALSO READ: Similarweb Launches Shopper Intelligence to Understand Digital Consumer Behaviour 'We're not launching another chatbot, we're launching an AI dream team,' said Or Offer, CEO of Similarweb. 'Our AI Agents combine deep market expertise with unmatched data to deliver the actionable insight today's businesses demand with the speed they need. The newest suite of agents we're launching today is just the beginning.' Similarweb's AI Agents AI SEO Strategy Agent builds actionable, topic-level SEO content strategies using real user search data. It analyses the competitive landscape in real time to spot high-impact content opportunities. AI Trend Analyser tracks sudden spikes in search demand by examining keyword volume trends, helping to understand whether they stem from campaigns or external news events. AI Meeting Prep Agent delivers detailed company and contact briefs. It combines Similarweb Digital Intelligence, live CRM insights, website crawlers, and real-time web signals to create a strategic one-page meeting brief that cuts preparation time. AI Outreach Agent, already launched as SAM (Sales AI Module), automates and optimises sales outreach. It crafts data-driven, customisable sales messages for email and channels like LinkedIn to improve deal wins and upsells. In each case, the agents eliminate the manual work of querying multiple Similarweb systems and analysing charts, graphs, and spreadsheets of data – the agents do that work and deliver the results. ALSO READ: Similarweb Digital Intelligence Now Available in AWS Data Exchange The Martechvibe team works with a staff of in-house writers and industry experts. View More Locala's omnichannel advertising platform leverages granular insights and cutting-edge AI to help marketers plan, activate, and measure campaigns that are personalised to the local consumer. It specialises in transforming complex mobility and consumer data into actionable audience insights, fueling advanced media strategies. VISIT WEBSITE Blue Prism is a global software provider, offering ROM 2, an intelligent automation implementation methodology that empowers teams to scale their digital workflow. One of its use cases is sales and marketing solutions, which is powered by artificial intelligence (AI) and machine learning (ML) algorithms. VISIT WEBSITE Pega is a combined business process management and robotic process automation (RPA) platform that comes with workforce analytics features. 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VISIT WEBSITE Less Annoying is a CRM software that utilises a straightforward search feature within its contact management system, making it easy to track contacts. It is ideal for small-sized businesses and offers a highly intuitive and user-friendly interface. VISIT WEBSITE Insightly offers CRM software solutions for enterprises looking to understand their audience data across various marketing functions. It integrates seamlessly with third-party apps, streamlining workflow automation, including bulk emailing and report generation. VISIT WEBSITE HubSpot's sleek dashboard with consolidated CRM tools simplify complex customer data, further transforming it into meaningful insights. Complementing typical CRM functionalities, HubSpot provides tailored options, including conversation intelligence and email monitoring. VISIT WEBSITE Apptivo delivers adaptable and web-based CRM solutions, enabling marketing and sales teams to streamline all customer service requirements across various devices and browsers. Despite its focused feature set, it encompasses over 65 interconnected applications alongside a robust sales pipeline management tool, ensuring efficient tracking of potential leads without any downtime. VISIT WEBSITE Sitecore offers composable cloud solutions with its flagship products, Sitecore Experience Platform(XP) and Sitecore Experience Manager (XM). They help marketers to overcome scalability challenges. Some of its features include intuitive visual editing, headless delivery, marketing automation, scalable personalisation, data and machine learning capabilities. VISIT WEBSITE Salesforce Experience Cloud is a platform that helps enterprises link clients, partners, and employees to securely exchange information and documents. Built on its Customer 360 platform, Salesforce's DXP ensures seamless integration with any solution in the Salesforce ecosystem. VISIT WEBSITE Oracle Cloud offers a comprehensive suite of platform-based marketing automation solutions for personalised B2B and B2C automation campaigns. Some of its featured products are Eloqua Marketing Automation, CrowdTwist Loyalty and Engagement, and Unity Customer Data Platform. VISIT WEBSITE Optimizely is a digital experience platform (DXP) provider that offers Optimizely One, an easy-to-use and fully integrated suite. It provides a single, unified workflow with thoughtfully embedded AI and machine-learning algorithms, accelerating work across the entire marketing lifecycle. VISIT WEBSITE OpenText offers a cloud-native, scalable platform for enterprises to streamline their marketing functions. It provides fully composable content management, digital asset management, creative workflows, personalisation, targeting and customer data technologies in one place, ensuring a holistic approach to B2B, B2E and B2C experiences. VISIT WEBSITE Neptune DXP is a PaaS(Platform-as-a-Service) provider, helping marketing teams build custom apps based on modular, reusable application building blocks. The company offers flexible environments to businesses across different verticals, further providing personalised digital solutions at scale. VISIT WEBSITE Magnolia is a composable DXP that comes with no-code connector packs and low-code micro-frameworks for third-party integrations. It also offers an open-source version alongside its commercial plans enabling enterprises to build tailored use cases. VISIT WEBSITE Liferay DXP helps marketers deliver personalised and connected digital experiences across a broad range of channels, including customer portals, websites, intranets, mobile apps, and connected devices. It offers intuitive CMS, user analytics, and site management tools that businesses need to launch, test and optimise digital experiences for faster go-to-market. VISIT WEBSITE Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle. VISIT WEBSITE HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals. VISIT WEBSITE Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales. VISIT WEBSITE Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics. VISIT WEBSITE Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage. VISIT WEBSITE Acquia offers DXP solutions, comprising of two main elements: Acquia Drupal Cloud and Acquia Marketing Cloud. It can be accessed in both platform-as-a-service (PaaS) and software-as-a-service (SaaS) with additional components such as Site Factory for multisite management, digital asset management (DAM), CDP, personalisation, and Campaign Studio. VISIT WEBSITE


Business Wire
5 days ago
- Business
- Business Wire
Similarweb Launches AI Agents Powered by Comprehensive Digital Data, Delivering Results for Marketing and Sales Teams
TEL AVIV, Israel--(BUSINESS WIRE)--Similarweb, the AI-powered digital intelligence platform, today announced the launch of Similarweb AI Agents. This groundbreaking suite of digital AI experts lets businesses transform how they analyze SEO trends, engage customers, and execute strategies. "The AI Meeting Prep Agent has completely streamlined my meeting prep—within minutes, it provides a sharp, tailored brief that used to take me 30+ minutes to research' -- Benji Azaria, VP Data at Cloudinary Share Unlike generic AI assistants, Similarweb's agents are purpose-built specialists, trained on the freshest data from across the digital world: 100 million websites, 4 million apps, 5 billion search keywords, and 20 million companies. Each agent is designed for a specific business function, from SEO and content planning, sales outreach, and trend discovery. By rapidly correlating and summarizing tremendous amounts of data, the agents help their human team members perform all those tasks better and faster. In the process, Similarweb AI Agents will create tremendous value for sales, marketing, investment, and data analytics teams - accomplishing very quickly tasks that those teams otherwise might have spent days on or not successfully completed at all. 'We're not launching another chatbot, we're launching an AI dream team,' said Or Offer, CEO of Similarweb (see his blog post). 'Our AI Agents combine deep market expertise with unmatched data to deliver the actionable insight today's businesses demand with the speed they need. The newest suite of agents we're launching today is just the beginning.' Early users, including Fortune 500 brands in retail, tech, and media, are already using Similarweb AI Agents to generate SEO strategies, explain emerging market shifts, and power their outbound sales. Meet the First AI Agents: The AI SEO Strategy Agent is your partner for building winning, topic-level SEO content strategies, powered by Similarweb's unparalleled real-user search data. It analyzes the competitive landscape in real time to identify high-impact content opportunities – not just a 'report' but an executable plan, (video demo). The AI Trend Analyzer detects sudden spikes in search demand by analyzing keyword volume trends and helps you understand the story behind them, whether that is the payoff from one of your own campaigns or external news events (video demo). The AI Meeting Prep Agent arms salespeople with complete briefs on companies and contacts, delivered in seconds, that incorporates Similarweb Digital Intelligence, live CRM insights, website crawlers, real-time web signals, and more. Whether you're prospecting, pitching, or preparing for a renewal, this agent builds a strategic 1-page meeting brief using digital signals and market intelligence to reduce meeting preparation time and improve outcomes (video demo). The AI Outreach Agent lets sales and business development teams automate and optimize outreach to win deals and upsell customers using a level of relevance and timeliness that's unmatched by any other tool. Released in May 2024 as SAM (the Sales AI Module), the updated Outreach AI Agent crafts data-driven sales messages a representative can customize and send by email and other channels, such as LinkedIn messaging (video demo). In each case, the agents eliminate the manual work of querying multiple Similarweb systems and analyzing charts, graphs, and spreadsheets of data – the agents do that work for you and deliver the results. They work proactively on your behalf and answer questions you may not have thought to ask. What Similarweb Customers Are Saying "I've been using the AI SEO Strategist Agent a lot lately, and it's honestly made my content planning way easier," said Raul Gherman, a digital acquisition specialist at Virgin Atlantic. "It quickly shows me what topics to focus on, what keywords we're missing, and how our competitors are doing—all in one place. It's saved me so much time and helps me build smarter, more targeted content without the usual back and forth across tools." "The AI Meeting Prep Agent has helped us book meetings by personalizing pitches—competitor insights revealed clear gaps our solution could address, speeding up deal cycles,' said Foteini Theodosiou, Sales Manager at 'Traffic sources and keyword data help with lead generation and qualification, letting us target the right prospects. It's made our outreach more targeted and data-driven, allowing us to refine messaging and focus on high-potential leads. We are saving 5-10 hours per week, per rep, by streamlining research and cutting down on manual analysis." "The AI Meeting Prep Agent has completely streamlined my meeting prep—within minutes, it provides a sharp, tailored brief that used to take me 30+ minutes to research,' said Benji Azaria, VP Data at Cloudinary. 'I recently used it before a pitch to an e-commerce prospect, and the competitive insight it surfaced helped me steer the conversation and book a follow-up. It's not just data—it's actionable strategy, and it's helped me save time while improving how I engage with prospects." 'As CMO, I am using Similarweb on a monthly basis to compare traffic and customer behavior's changes vs my closest competitors,' Thibault Delebarre, CMO for Heycar France. 'The new Trend Analyzer AI Agent and AI SEO Strategist are saving around 10% of my SEO team's time by directly suggesting the biggest opportunities and then defining a recommended content strategy in order to publish more than 100 car and service reviews per month.' "Rather than spending several hours each week reviewing all data points individually, we now regularly use the Trend Analyser to call out key insights to support our conversations with clients,' said Joe Marshall, Head Of Web Strategy at Clickity Group, a UK digital marketing agency. 'This has reduced our billed research time by around 4 hours per client per month, which we have translated into time spent on additional proactive strategic recommendations instead. We're also using the SEO Strategist Agent to support brainstorming discussions both internally and with our clients. The new functionality is also making us consider consolidating some of the other SEM tools we use, helping to reduce costs across the business." How Similarweb AI Agents Are Different At a time when many companies are launching AI agents, to the point where the meaning of the term is often unclear, Similarweb AI Agents distinguish themselves with; Data-first insights, not guesswork: The agents make recommendations based on the breadth and depth of Similarweb data that represents not only web and app performance but real human searching, browsing, shopping, and buying behavior. Built for real-world workflows: The agents understand what SEO professionals, salespeople, and content marketing teams need to be successful, generating practical strategies that go beyond simple tips. Actionable instantly: Get a strategic recommendation you can act on immediately (without prompt engineering or guesswork). Similarweb plans to release several additional agents in the coming months, with prototypes of agents for Shopper Intelligence, Stock Intelligence, Web Intelligence (competitive intelligence), and Sales Intelligence (lead generation) currently being tested. As Similarweb integrates AI more deeply, the company's vision is clear: To empower every team - not just with more data, but with agents that act on it, replacing hours of manual research with instant insights and practical, strategic recommendations. The AI Agents are available today for Similarweb customers. For more information, visit About Similarweb Similarweb gives businesses the AI-powered digital insights they need to win their markets. By providing essential web and app data, analytics, and insights, we empower our users to discover business opportunities, identify competitive threats, optimize strategy, acquire the right customers, and increase monetization. Similarweb products are integrated into users' workflow, powered by AI, and based on leading comprehensive web, app, and ecommerce Digital Data. Learn more: Similarweb | Similarweb Digital Data Disclaimer: All names, brands, trademarks, and registered trademarks are the property of their respective owners. The data, reports, and other materials provided or made available by Similarweb consist of or include estimated metrics and digital insights generated by Similarweb using its proprietary algorithms, based on information collected by Similarweb from multiple sources using its advanced data methodologies. Similarweb shall not be responsible for the accuracy of such data, reports, and materials and shall have no liability for any decision made or action taken by any third party based in whole or in part on such data, reports, and materials.
Yahoo
13-05-2025
- Business
- Yahoo
Similarweb Announces First Quarter 2025 Results
Revenue growth of 14% in the first quarter compared to 12% in Q1 2024 Sixth consecutive quarter of positive free cash flow Customer base increased by 19% TEL AVIV, Israel, May 13, 2025--(BUSINESS WIRE)--Similarweb Ltd. (NYSE: SMWB) ("Similarweb" or the "Company"), a leading digital data and analytics company powering critical business decisions, today announced financial results for its first quarter ended March 31, 2025. The Company published a letter to shareholders from management discussing these results, which can be accessed at the link: located on the Company's investor relations website. "Revenue growth and cash generation were strong in the first quarter and reflect the value of our comprehensive and proprietary Digital Data that is trusted by thousands of customers," stated Or Offer, Co-Founder and CEO of Similarweb. "During the first quarter we launched a series of new products including App Intelligence, AI Chatbot data and three new AI Agents to help our customers win their markets by providing a comprehensive view of the digital world." Offer concluded, "We believe we are just beginning to tap into the vast potential of our data and the addressable markets we serve." First Quarter 2025 Financial Highlights Total revenue was $67.1 million, an increase of 14% compared to $59.0 million for the first quarter of 2024. GAAP operating loss was $(9.3) million or (14)% of revenue, compared to $(2.7) million or (5)% of revenue for the first quarter of 2024. GAAP net loss per share was $(0.11), compared to $(0.03) for the first quarter of 2024. Non-GAAP operating loss was $(1.3) million or (2)% of revenue, compared to non-GAAP operating profit of $2.8 million or 5% of revenue for for the first quarter of 2024. Non-GAAP basic and diluted operating loss per share was $(0.02), compared to non-GAAP basic and diluted operating profit per share of $0.04 and $0.03 respectively, for the first quarter of 2024. Cash and cash equivalents totalled $59.6 million as of March 31, 2025, compared to $63.9 million as of December 31, 2024. Net cash provided by operating activities was $4.9 million, compared to $10.1 million for the first quarter of 2024. Free cash flow was $4.4 million, compared to $9.7 million for the first quarter of 2024. Normalized free cash flow was $4.9 million, compared to $9.7 million for the first quarter of 2024. Recent Business Highlights Grew number of customers to 5,767 as of March 31, 2025, an increase of 19% compared to March 31, 2024. Grew number of customers with ARR of $100,000 or more to 411, an increase of 9% compared to March 31, 2024. Customers with ARR of $100,000 or more contributed 61% of the total ARR as of March 31, 2025, increased from 58% as of March 31, 2024. Dollar-based net retention rate, or NRR, for customers with ARR of $100,000 or more was 111% in the first quarter of 2025, increased from 107% in the first quarter of 2024. Overall NRR was 101% in the first quarter of 2025, increased from 98% in the first quarter of 2024. 52% of our overall ARR is contracted under multi-year subscriptions as of March 31, 2025, increased from 42% as of March 31, 2024. Remaining performance obligations, or RPO, increased 18% year-over-year, to $252.7 million as of March 31, 2025, as compared to $213.6 million as of March 31, 2024. Financial Outlook "Revenue growth was driven by 19% growth in total customers and expansions," stated Jason Schwartz, Chief Financial Officer of Similarweb. "We delivered a sixth consecutive quarter of positive free cash flow and continue to progress towards our long-term profit and free cash flow targets." FY 2025 Guidance Total revenue estimated between $285.0 million and $288.0 million, representing approximately 15% growth year over year at the mid-point of the range. Non-GAAP operating profit estimated between $1.0 million and $4.0 million. Q2 2025 Guidance Total revenue estimated between $68.6 million and $69.0 million. Non-GAAP operating loss estimated between $(1.0) million and $(0.5) million. The Company's second quarter and full year 2025 financial outlook is based upon a number of assumptions that are subject to change and many of which are outside the Company's control. Actual results may vary from these assumptions, and the Company's expectations may change. There can be no assurance that the Company will achieve these results. The Company does not provide guidance for operating loss, the most directly comparable GAAP measure to non-GAAP operating loss, and similarly cannot provide a reconciliation of this measure to their closest GAAP equivalent without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within the Company's control and may vary greatly between periods and could significantly impact future financial results. Conference Call InformationThe financial results and business highlights will be discussed on a conference call and webcast scheduled at 8:30 a.m. Eastern Time on Wednesday, May 14, 2025. A live webcast of the call can be accessed from Similarweb's Investor Relations website at An archived webcast of the conference call will also be made available on the Similarweb website following the call. The live call may also be accessed via telephone at (877) 407-0726 toll-free and at +1 (201) 689-7806 internationally. About SimilarwebSimilarweb powers businesses to win their markets with Digital Data. By providing essential web and app data, analytics, and insights, we empower our users to discover business opportunities, identify competitive threats, optimize strategy, acquire the right customers, and increase monetization. Similarweb products are integrated into users' workflow, powered by advanced technology, and based on leading comprehensive Digital Data. Learn more: Similarweb | Similarweb Digital Data Free Tools: Analyze any website or app | Verify your website | Browser extension Follow us: Blog | LinkedIn | YouTube | Instagram | X Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to our guidance for the second quarter and full year of 2025 described under "Financial Outlook" and the expected performance of our business, future financial results, strategy, long-term growth and overall future prospects. Forward-looking statements include all statements that are not historical facts. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements reflect our current views regarding our intentions, products, services, plans, expectations, strategies and prospects, which are based on information currently available to us and assumptions we have made. Actual results may differ materially from those described in such forward-looking statements and are subject to a number of known and unknown risks, uncertainties, other factors and assumptions that are beyond our control. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) our expectations regarding our revenue, expenses and other operating results; (ii) our ability to acquire new customers and successfully retain existing customers; (iii) our ability to increase usage of our solutions and upsell and cross-sell additional solutions; (iv) our ability to sustain profitability; (v) anticipated trends, growth rates, rising interest rates, rising global inflation and current macroeconomic conditions, challenges in our business and in the markets in which we operate, and the impact of the October 2023 attack by Hamas and other terrorist organizations, and Israel's subsequent war against them, on geopolitical and macroeconomic conditions or on our company and business; (vi) future investments in our business, our anticipated capital expenditures and our estimates regarding our capital requirements; (vii) the costs and success of our sales and marketing efforts and our ability to promote our brand; (viii) our reliance on key personnel and our ability to identify, recruit and retain skilled personnel; (ix) our ability to effectively manage our growth, including continued international expansion; (x) our reliance on certain third party platforms and sources for the collection of data necessary for our solutions; (xi) our ability to protect our intellectual property rights and any costs associated therewith; (xii) our ability to identify and complete acquisitions that complement and expand our reach and platform; (xiii) our ability to comply or remain in compliance with laws and regulations that currently apply or become applicable to our business, including in Israel, the United States, the European Union, the United Kingdom and other jurisdictions where we elect to do business; (xiv) our ability to compete effectively with existing competitors and new market entrants; and (xv) the growth rates of the markets in which we compete. These risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled "Risk Factors" in our Form 20-F filed with the Securities and Exchange Commission on February 27, 2025, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Except as required by law, we undertake no duty to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise. Non-GAAP Financial MeasuresThis press release contains certain financial measures that are expressed on a non-GAAP basis. We use these non-GAAP financial measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. We believe these non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. However, non-GAAP financial measures have limitations as an analytical tool and are presented for supplemental informational purposes only. They should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP or as a measure of liquidity. Free cash flow represents net cash provided by (used in) operating activities less capital expenditures and capitalized internal-use software costs. Normalized free cash flow represents free cash flow less capital investments related to the Company's new headquarters, payments received in connection with these capital investments and deferred payments related to business combinations. Non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating margin, non-GAAP research and development expenses, non-GAAP sales and marketing expenses and non-GAAP general and administrative expenses and the related margins represent the comparable GAAP financial figure operating income (loss) or expense, less share-based compensation, adjustments and payments related to business combinations, amortization of intangible assets and certain other non-recurring items, as applicable and indicated in the below tables. Other MetricsCustomer acquisition costs (CAC) represent the portion of sales and marketing expenses allocated to acquire new customers. Customer retention costs (CRC) represent the portion of sales and marketing expenses allocated to retain existing customers and to increase existing customers' subscriptions. Annual recurring revenue (ARR) represents the annualized subscription revenue we would contractually expect to receive from customers assuming no increases or reductions in their subscriptions. CAC payback period is the estimated time in months to recover CAC in terms of incremental gross profit that newly acquired customers generate. Net retention rate (NRR) represents the comparison of our ARR from the same set of customers as of a certain point in time, relative to the same point in time in the previous year ago period, expressed as a percentage. Similarweb Ltd. Consolidated Balance Sheets U.S. dollars in thousands (except share and per share data) December 31, March 31, 2024 2025 (Unaudited) Assets Current assets: Cash and cash equivalents $ 63,869 $ 59,567 Restricted deposits 10,572 10,707 Accounts receivable, net 50,975 40,004 Deferred contract costs 11,373 11,070 Prepaid expenses and other current assets 4,567 5,570 Total current assets 141,356 126,918 Property and equipment, net 25,921 24,869 Deferred contract costs, non-current 9,895 8,913 Operating lease right-of-use assets 34,393 35,443 Goodwill and intangible assets, net 30,846 40,807 Other non-current assets 500 737 Total assets $ 242,911 $ 237,687 Liabilities and shareholders' equity Current liabilities: Accounts payable $ 12,403 $ 9,564 Payroll and benefit related liabilities 20,304 19,146 Deferred revenue 108,232 109,170 Other payables and accrued expenses 29,330 28,905 Operating lease liabilities 6,923 8,036 Total current liabilities 177,192 174,821 Deferred revenue, non-current 1,172 1,189 Operating lease liabilities, non-current 32,809 31,933 Other long-term liabilities 4,230 5,762 Total liabilities 215,403 213,705 Shareholders' equity Ordinary Shares, NIS 0.01 par value 500,000,000 shares authorized as of December 31, 2024 and March 31, 2025 (Unaudited), 82,620,679 and 83,540,238 shares issued as of December 31, 2024 and March 31, 2025 (Unaudited), 82,618,511 and 83,538,070 outstanding as of December 31, 2024 and March 31, 2025 (Unaudited), respectively; 227 229 Additional paid-in capital 391,449 397,922 Accumulated other comprehensive income 388 (354 ) Accumulated deficit (364,556 ) (373,815 ) Total shareholders' equity 27,508 23,982 Total liabilities and shareholders' equity $ 242,911 $ 237,687 Similarweb Ltd. Consolidated Statements of Comprehensive Income (Loss) U.S. dollars in thousands (except share and per share data) Three Months Ended March 31, 2024 2025 (Unaudited) Revenue $ 58,982 $ 67,087 Cost of revenue 12,696 13,970 Gross profit 46,286 53,117 Operating expenses: Research and development 13,539 18,004 Sales and marketing 25,240 32,156 General and administrative 10,191 12,248 Total operating expenses 48,970 62,408 Loss from operations (2,684 ) (9,291 ) Finance income, net 455 1,007 Loss before income taxes (2,229 ) (8,284 ) Provision for income taxes 504 975 Net loss $ (2,733 ) $ (9,259 ) Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.03 ) $ (0.11 ) Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted 79,361,522 83,135,281 Net loss $ (2,733 ) $ (9,259 ) Other comprehensive income (loss), net of tax Change in unrealized loss on cashflow hedges (517 ) (742 ) Total other comprehensive loss, net of tax (517 ) (742 ) Total comprehensive loss $ (3,250 ) $ (10,001 ) Share-based compensation costs included above: U.S. dollars in thousands Three Months Ended March 31, 2024 2025 (Unaudited) Cost of revenue $ 167 $ 249 Research and development 1,444 1,794 Sales and marketing 1,185 1,336 General and administrative 1,331 2,430 Total $ 4,127 $ 5,809 Similarweb Ltd. Consolidated Statements of Cash Flows U.S. dollars in thousands Three Months Ended March 31, 2024 2025 (Unaudited) Cash flows from operating activities: Net loss $ (2,733 ) $ (9,259 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 2,520 2,098 Finance expense (income) 236 (160 ) Unrealized loss (gain) from hedging future transactions 31 (30 ) Share-based compensation 4,127 5,809 Gain from sale of equipment (4 ) — Changes in operating assets and liabilities: Change in operating lease right-of-use assets and liabilities, net (2,271 ) (813 ) Decrease in accounts receivable, net 6,993 11,759 Decrease in deferred contract costs 413 1,285 Increase in other current assets (1,324 ) (1,225 ) Decrease (increase) in other non-current assets 33 (237 ) Decrease in accounts payable (2,463 ) (2,810 ) Increase in deferred revenue 6,988 54 Increase in other non-current liabilities 194 67 Decrease in other liabilities and accrued expenses (2,676 ) (1,652 ) Net cash provided by operating activities 10,064 4,886 Cash flows from investing activities: Purchase of property and equipment, net (364 ) (501 ) Increase in restricted deposits (168 ) (135 ) Payment for business combinations, net of cash acquired (3,809 ) (9,274 ) Net cash used in investing activities (4,341 ) (9,910 ) Cash flows from financing activities: Proceeds from exercise of stock options 2,671 562 Repayment of Credit Facility (25,000 ) — Net cash (used in) provided by financing activities (22,329 ) 562 Effect of exchange rates on cash and cash equivalents (236 ) 160 Net decrease in cash and cash equivalents (16,842 ) (4,302 ) Cash and cash equivalents, beginning of period 71,732 63,869 Cash and cash equivalents, end of period $ 54,890 $ 59,567 Supplemental disclosure of cash flow information: Interest received, net $ (235 ) $ (355 ) Taxes paid $ 831 $ 133 Supplemental disclosure of non-cash financing activities: Additions to operating lease right-of-use assets and liabilities $ 2,398 $ 2,728 Deferred proceeds from exercise of share options included in other current assets $ 20 $ 134 Deferred costs of property and equipment incurred during the period included in accounts payable $ 142 $ 112 Reconciliation of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures Reconciliation of GAAP gross profit to non-GAAP gross profit Three Months Ended March 31, 2024 2025 (In thousands) GAAP gross profit $ 46,286 $ 53,117 Add: Share-based compensation expenses 167 249 Retention payments related to business combinations — 19 Amortization of intangible assets related to business combinations 1,087 325 Non-GAAP gross profit $ 47,540 $ 53,710 Non-GAAP gross margin 81 % 80 % Reconciliation of Loss from operations (GAAP) to Non-GAAP operating profit (loss) Three Months Ended March 31, 2024 2025 (In thousands) Loss from operations $ (2,684 ) $ (9,291 ) Add: Share-based compensation expenses 4,127 5,809 Retention payments related to business combinations 228 1,559 Amortization of intangible assets related to business combinations 1,121 660 Non-GAAP operating profit (loss) $ 2,792 $ (1,263 ) Non-GAAP operating margin 5 % (2 )% Reconciliation of GAAP operating expenses to non-GAAP operating expenses Three Months Ended March 31, 2024 2025 (In thousands) GAAP research and development $ 13,539 $ 18,004 Less: Share-based compensation expenses 1,444 1,794 Retention payments related to business combinations — 271 Non-GAAP research and development $ 12,095 $ 15,939 Non-GAAP research and development margin 21 % 24 % GAAP sales and marketing $ 25,240 $ 32,156 Less: Share-based compensation expenses 1,185 1,336 Retention payments related to business combinations 228 844 Amortization of intangible assets related to business combinations 34 335 Non-GAAP sales and marketing $ 23,793 $ 29,641 Non-GAAP sales and marketing margin 40 % 44 % GAAP general and administrative $ 10,191 $ 12,248 Less: Share-based compensation expenses 1,331 2,430 Retention payments related to business combinations — 425 Non-GAAP general and administrative $ 8,860 $ 9,393 Non-GAAP general and administrative margin 15 % 14 % Reconciliation of Net cash provided by operating activities (GAAP) to Free cash flow and Normalized free cash flow Three Months Ended March 31, 2024 2025 (In thousands) Net cash provided by operating activities $ 10,064 $ 4,886 Purchases of property and equipment, net (364 ) (501 ) Free cash flow $ 9,700 $ 4,385 Deferred payments related to business combinations — 485 Normalized free cash flow $ 9,700 $ 4,870 View source version on Contacts Press Contact: David CarrSimilarwebpress@ Investor Contact: Rami Sign in to access your portfolio