Similarweb Ltd (SMWB) Income Statement
SMWB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSMWB revenue and net income
Where SMWB's revenue goes
2025Each bar shows an amount and its share of revenue. SMWB kept −11.7% of revenue as net income.
SMWB profit margins
SMWB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.1% | +13.5% | +24.8% | — |
| Gross profit | +15.2% | +17.1% | +25.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −56.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SMWB quarterly EPS vs estimates
Similarweb beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 10, 2026 (estimate $0.03).
SMWB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $282.6M | $249.9M | $218.0M | $193.2M | $137.7M | $93.5M | $70.6M | $51.5M |
| Cost of revenue | $57.8M | $54.8M | $47.1M | $53.3M | $31.8M | $21.4M | $20.5M | $23.6M |
| Gross profit | $224.8M | $195.1M | $170.9M | $140.0M | $105.9M | $72.1M | $50.1M | $28.0M |
| Research & development | $72.6M | $55.6M | $56.2M | $59.9M | $45.2M | $22.1M | $16.2M | $16.4M |
| Sales, general & admin | $175.8M | $149.2M | $143.6M | $167.9M | $127.4M | $69.7M | $50.0M | — |
| Total operating expenses | $248.4M | $204.8M | $199.7M | $227.8M | $172.0M | $91.7M | $66.2M | $60.5M |
| Operating income | −$23.6M | −$9.7M | −$28.8M | −$87.9M | −$66.1M | −$19.7M | −$16.1M | −$32.6M |
| Interest income | — | $134,000 | $941,000 | $4.4M | — | — | — | — |
| Interest expense | — | — | $126,000 | $4.4M | $1.9M | $1.7M | $1.1M | $769,000 |
| Income before taxes | −$28.8M | −$9.5M | −$27.9M | −$83.1M | −$68.0M | −$21.4M | −$17.2M | −$33.3M |
| Income taxes | $4.2M | $1.9M | $1.5M | $516,000 | $981,000 | $640,000 | $458,000 | $404,000 |
| Net income | −$32.9M | −$11.5M | −$29.4M | −$83.7M | −$69.0M | −$22.0M | −$17.7M | −$33.7M |
| EBITDA | −$19.8M | $998,000 | −$17.6M | −$72.6M | −$63.6M | −$17.7M | −$14.3M | −$32.6M |
| EPS (diluted) | $0.07 | $0.16 | −$0.07 | −$0.79 | −$0.80 | −$0.78 | −$0.45 | — |
| Gross margin | 79.5% | 78.1% | 78.4% | 72.4% | 76.9% | 77.1% | 70.9% | 54.3% |
| Operating margin | −8.3% | −3.9% | −13.2% | −45.5% | −48.0% | −21.0% | −22.8% | −63.2% |
| Net margin | −11.7% | −4.6% | −13.5% | −43.3% | −50.1% | −23.5% | −25.1% | −65.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.2M | $73.9M | $72.8M | $71.8M | $71.0M | $67.1M | $65.6M | $64.7M | $60.6M | $59.0M | $56.8M | $54.8M |
| Cost of revenue | $14.9M | $15.6M | $15.0M | $14.6M | $14.3M | $14.0M | $15.3M | $14.2M | $12.5M | $12.7M | $11.9M | $10.6M |
| Gross profit | $62.3M | $58.2M | $57.7M | $57.2M | $56.7M | $53.1M | $50.3M | $50.5M | $48.1M | $46.3M | $44.9M | $44.3M |
| Research & development | $18.2M | $18.8M | $17.8M | $18.5M | $18.3M | $18.0M | $15.4M | $14.5M | $12.2M | $13.5M | $13.7M | $14.2M |
| Sales, general & admin | $43.0M | $43.8M | $16.1M | $41.4M | $45.3M | $44.4M | $38.5M | $38.5M | $36.3M | $35.4M | $32.3M | $34.9M |
| Total operating expenses | $61.6M | $61.5M | $62.4M | $59.9M | $63.6M | $62.4M | $53.8M | $52.9M | $49.1M | $49.0M | $46.0M | $49.1M |
| Operating income | $744,000 | −$3.2M | −$4.7M | −$2.7M | −$6.9M | −$9.3M | −$3.6M | −$2.5M | −$953,000 | −$2.7M | −$1.1M | −$4.9M |
| Interest income | — | — | — | — | — | $1.0M | — | — | $823,000 | $455,000 | — | — |
| Interest expense | $3.2M | $622,000 | $3.6M | $935,000 | $3.6M | — | $1.1M | $43,000 | — | — | $2.1M | — |
| Income before taxes | −$2.5M | −$5.0M | −$6.3M | −$3.6M | −$10.5M | −$8.3M | −$4.7M | −$2.5M | −$130,000 | −$2.2M | −$3.2M | −$3.8M |
| Income taxes | $1.1M | $1.3M | $1.2M | $704,000 | $1.3M | $975,000 | $759,000 | $56,000 | $608,000 | $504,000 | $236,000 | $1.0M |
| Net income | −$3.6M | −$6.4M | −$7.5M | −$4.3M | −$11.8M | −$9.3M | −$5.4M | −$2.6M | −$738,000 | −$2.7M | −$3.4M | −$4.8M |
| EBITDA | $3.2M | −$2.3M | −$434,000 | −$1.4M | −$2.3M | −$6.2M | −$3.9M | $406,000 | $2.3M | $291,000 | $1.5M | −$1.2M |
| EPS (diluted) | $0.02 | $0.01 | $0.03 | $0.05 | $0.01 | −$0.02 | $0.01 | $0.05 | $0.07 | $0.03 | $0.03 | $0.01 |
| Gross margin | 80.7% | 78.8% | 79.4% | 79.7% | 79.9% | 79.2% | 76.6% | 78.0% | 79.4% | 78.5% | 79.1% | 80.7% |
| Operating margin | 1.0% | −4.4% | −6.5% | −3.7% | −9.7% | −13.8% | −5.4% | −3.8% | −1.6% | −4.6% | −1.9% | −8.9% |
| Net margin | −4.7% | −8.6% | −10.3% | −6.0% | −16.7% | −13.8% | −8.3% | −4.0% | −1.2% | −4.6% | −6.0% | −8.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SMWB's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SMWB financial results
In fiscal year 2025 (ended December 31, 2025), Similarweb reported revenue of $282.6 million, up 13.1% from the year before. It had a net loss of $32.9 million, a net profit margin of −11.7%. Diluted earnings per share came to $0.07. Over five years revenue grew at an average rate of 24.8% a year.
See the SMWB stock overview for the latest quote and news, or the SMWB chart for price history and technical indicators.
SMWB income statement FAQ
What is Similarweb's annual revenue?
Similarweb reported total revenue of $282.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.1% from $249.9 million the previous year.
Is Similarweb profitable?
No. Similarweb reported a net loss of $32.9 million in fiscal 2025, a net profit margin of −11.7%; its operating margin was −8.3%.
What is Similarweb's gross margin?
Similarweb's gross margin was 79.5% in fiscal 2025: for every $100 of revenue, Similarweb kept $80 after the direct cost of its products and services.
How much does Similarweb spend on research and development?
Similarweb spent $72.6 million on research and development in fiscal 2025, 25.7% of revenue.
How fast is Similarweb growing?
Revenue grew 24.8% a year on average over the last five fiscal years, from $93.5 million to $282.6 million.
What are Similarweb's earnings per share?
Similarweb earned $0.07 per diluted share in fiscal 2025, compared with $0.16 a year earlier.
When will Similarweb report its next earnings?
Similarweb is expected to report results for the quarter ending September 30, 2026 on November 10, 2026.
When does Similarweb's fiscal year end?
Similarweb's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.