Similarweb Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $282.6M | $249.9M | $218.0M | $193.2M | $137.7M | $93.5M | $70.6M |
| Cost of Revenue | $57.8M | $54.8M | $47.1M | $53.3M | $31.8M | $21.4M | $20.5M |
| Gross Profit | $224.8M | $195.1M | $170.9M | $140.0M | $105.9M | $72.1M | $50.1M |
| Gross Margin | 79.5% | 78.1% | 78.4% | 72.4% | 76.9% | 77.1% | 70.9% |
| Operating Expenses | |||||||
| Research & Development | $72.6M | $55.6M | $56.2M | $59.9M | $44.4M | $22.1M | $16.2M |
| SG&A Expense | $52.1M | $43.7M | $42.4M | $45.3M | $33.8M | $16.0M | $11.0M |
| Operating Income | $-23.6M | $-9.7M | $-28.8M | $-87.9M | $-66.1M | $-19.7M | $-16.1M |
| Operating Margin | -8.3% | -3.9% | -13.2% | -45.5% | -48.0% | -21.0% | -22.8% |
| Interest Expense | — | — | — | — | $1.9M | $1.7M | $1.1M |
| Pretax Income | $-28.8M | $-9.5M | $-27.9M | $-83.1M | $-68.0M | $-21.4M | $-17.2M |
| Income Tax Expense | $4.2M | $1.9M | $1.5M | $516.0K | $981.0K | $640.0K | $458.0K |
| Net Income | $-32.9M | $-11.5M | $-29.4M | $-83.7M | $-69.0M | $-22.0M | $-17.7M |
| Net Margin | -11.7% | -4.6% | -13.5% | -43.3% | -50.1% | -23.5% | -25.1% |
| EPS (Basic) | $-0.39 | $-0.14 | $-0.38 | $-1.10 | $-1.30 | $-0.40 | $-0.33 |
| EPS (Diluted) | $-0.39 | $-0.14 | $-0.38 | $-1.10 | $-1.30 | $-0.40 | $-0.33 |
| Shares Outstanding (Basic) | 84.8M | 80.8M | 77.8M | 75.7M | 53.2M | 57.8M | 53.7M |
| Shares Outstanding (Diluted) | 84.8M | 80.8M | 77.8M | 75.7M | 53.2M | 57.8M | 53.7M |
| Dividends Per Share | — | — | — | — | — | — | — |