Added to YB: 2026-05-15
Pitch date: 2026-05-13
SMWB [neutral]
Similarweb Ltd.
Author Info
No bio for this author
Company Info
Similarweb Ltd. provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.
Market Cap
$249.7M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-19.74
P/E
-8.15
EV/Sales
0.77
Sector
Software
Category
growth
Similarweb Earnings Recap: AI and NRR Hope
SMWB (earnings): Q1 rev $73.9M (+10% YoY), top of guide; op profit $2.4M vs -$1.3M loss; FCF $6.6M (10th consecutive +quarter). NRR 98% (103% for $100K+) but mgmt says trailing 4Q avg masks underlying improvement already happening; GRR hit 2yr peak. RPO $298M (+18% YoY, 2x rev growth rate). Multi-yr contracts now 64% ARR. Closed 1 of 2 deferred LLM deals (7-fig); MCP integration live w/ ChatGPT; launching ChatGPT ads measurement product (1st globally). Retail Intelligence covers 650+ retailers. Consumption pricing = better margins, less CS overhead, stronger retention. FY26 guide raised to $307M-$315M rev, $17M-$19M op profit. CEO Ofer stepping down mid-2027 (20yr milestone). S&M fell to 39% rev vs 44%. Risk: CEO transition overhang. Upside: NRR inflection coming, AI data infra positioning, potential M&A target.
Read full article (9 min)