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This stock no longer trades (delisted April 27, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Semrush Holdings logo

Semrush Holdings

SEMR
31
Software - Application · Technology
Price
$12.00
+0.00 (+0.00%)
Market Cap
$1.81B
Winston Score
31
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Mixed
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+5.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 140.7M (2021) → 148.5M (2025)

Winston Score History

The full picture

Semrush makes software that helps businesses get found on the internet. Its main tools track search engine rankings, analyze competitors' websites, and help companies plan their online marketing. The primary customers are marketers, small businesses, and digital agencies who want more website traffic without guessing what works.

Semrush earns money through monthly and annual subscriptions, with plans ranging from small business tiers to enterprise packages. The company operates globally but generates most of its revenue from North America and Europe, and it serves over 100,000 paying customers. Its moat comes from the depth of its data — it has built a large proprietary database of keywords and web traffic estimates that would take years for a competitor to replicate. The main risk is that the market for SEO and digital marketing tools is crowded, with competitors like Ahrefs and Moz offering similar features, and Semrush has not yet reached consistent profitability despite strong gross margins.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-438.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$97M/ year

Rising (+21% vs prior year)

21.9% of revenue

In line with sector average (15%)

Investing heavily in future products and technology

Insider Activity

71.5%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$269M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Heavy R&D investment

Semrush Holdings is putting 22% of revenue into R&D and that number is rising. And they're generating enough cash to self-fund it.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
80.4%
Premium pricing power — 80.4% gross margin
Profit after running costs
Operating Margin
-11.8%
Losing money on operations — -11.8%
Return on the money invested
ROCE
-7.9%
Weak — -7.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+17.7%
Fast-growing sales (+17.7% YoY)
Profit growth
EPS YoY
-330.1%
Earnings shrinking (-330.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
12.0%
Converts sales into free cash efficiently (12.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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