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SEMrush Holdings, Inc.

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K10-K
Revenues  254.3188.0124.992.1
            Revenue growth  35.3%50.6%35.6% 
Cost of goods sold  48.641.929.922.5
Gross profit  205.8146.194.969.6
            Gross margin  80.9%77.7%76.0%75.5%
Selling, general and administrative   [+]189.7124.283.663.6
Research and development  41.224.317.514.2
Other operating expenses     0.9
EBITDA   [+]-18.51.0-4.7-8.1
            EBITDA margin  -7.3%0.6%-3.7%-8.8%
Depreciation  4.83.31.41.1
EBITA  -23.2-2.3-6.1-9.1
            EBITA margin  -9.1%-1.2%-4.9%-9.9%
Amortization of intangibles  1.90.20.1 
EBIT   [+]-25.1-2.5-6.1-9.1
            EBIT margin  -9.9%-1.3%-4.9%-9.9%
Non-recurring items  11.3  -0.9
Other income (expense), net  3.5-0.5-0.3-1.5
Pre-tax income  -32.9-3.0-6.4-9.7
Income taxes  0.90.30.60.5
Net income  -33.8-3.3-7.0-10.2
            Net margin  -13.3%-1.7%-5.6%-11.0%
   
Basic EPS   [+]($0.24)($0.03)($0.07)($0.11)
Diluted EPS   [+]($0.24)($0.03)($0.07)($0.11)
   
Shares outstanding (basic)   [+]141.2126.694.894.5
Shares outstanding (diluted)   [+]141.2126.694.894.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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