
Similarweb Ltd
NYSE:SMWB

Income Statement
Earnings Waterfall
Similarweb Ltd
Revenue
|
249.9m
USD
|
Cost of Revenue
|
-54.8m
USD
|
Gross Profit
|
195.1m
USD
|
Operating Expenses
|
-204.8m
USD
|
Operating Income
|
-9.7m
USD
|
Other Expenses
|
-1.8m
USD
|
Net Income
|
-11.5m
USD
|
Income Statement
Similarweb Ltd
Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
71
N/A
|
75
+7%
|
80
+6%
|
86
+7%
|
94
+9%
|
102
+9%
|
113
+10%
|
124
+10%
|
138
+11%
|
153
+11%
|
168
+10%
|
182
+9%
|
193
+6%
|
202
+4%
|
208
+3%
|
213
+2%
|
218
+3%
|
224
+3%
|
231
+3%
|
241
+4%
|
250
+4%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(21)
|
(21)
|
(22)
|
(22)
|
(21)
|
(23)
|
(24)
|
(27)
|
(32)
|
(38)
|
(44)
|
(50)
|
(53)
|
(51)
|
(50)
|
(47)
|
(47)
|
(47)
|
(48)
|
(51)
|
(55)
|
|
Gross Profit |
50
N/A
|
54
+8%
|
58
+8%
|
64
+10%
|
72
+12%
|
80
+11%
|
89
+11%
|
97
+10%
|
106
+9%
|
115
+8%
|
123
+7%
|
132
+7%
|
140
+6%
|
151
+8%
|
158
+5%
|
165
+5%
|
171
+3%
|
177
+3%
|
184
+4%
|
190
+3%
|
195
+3%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(66)
|
(72)
|
(75)
|
(83)
|
(91)
|
(105)
|
(126)
|
(147)
|
(172)
|
(194)
|
(214)
|
(226)
|
(228)
|
(223)
|
(214)
|
(207)
|
(200)
|
(194)
|
(192)
|
(196)
|
(205)
|
|
Selling, General & Administrative |
(50)
|
(54)
|
(58)
|
(63)
|
(69)
|
(79)
|
(95)
|
(110)
|
(128)
|
(144)
|
(157)
|
(165)
|
(169)
|
(165)
|
(158)
|
(152)
|
(144)
|
(139)
|
(138)
|
(141)
|
(149)
|
|
Research & Development |
(16)
|
(17)
|
(18)
|
(20)
|
(22)
|
(26)
|
(31)
|
(36)
|
(44)
|
(50)
|
(56)
|
(60)
|
(60)
|
(59)
|
(57)
|
(56)
|
(56)
|
(55)
|
(54)
|
(54)
|
(56)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
1
|
1
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(16)
N/A
|
(17)
-10%
|
(17)
+2%
|
(18)
-6%
|
(19)
-5%
|
(25)
-32%
|
(37)
-47%
|
(49)
-32%
|
(66)
-34%
|
(80)
-20%
|
(91)
-14%
|
(93)
-3%
|
(88)
+6%
|
(73)
+17%
|
(56)
+23%
|
(41)
+26%
|
(29)
+30%
|
(18)
+39%
|
(9)
+51%
|
(6)
+32%
|
(10)
-65%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
4
|
4
|
4
|
5
|
1
|
3
|
1
|
0
|
0
|
(1)
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
0
|
(2)
|
(2)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(17)
N/A
|
(19)
-10%
|
(19)
+2%
|
(20)
-6%
|
(21)
-9%
|
(27)
-27%
|
(39)
-44%
|
(51)
-31%
|
(68)
-33%
|
(81)
-20%
|
(88)
-8%
|
(92)
-5%
|
(83)
+10%
|
(70)
+16%
|
(57)
+18%
|
(39)
+31%
|
(28)
+29%
|
(18)
+34%
|
(9)
+49%
|
(8)
+14%
|
(10)
-19%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
|
Income from Continuing Operations |
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(28)
|
(40)
|
(52)
|
(69)
|
(82)
|
(89)
|
(92)
|
(84)
|
(70)
|
(57)
|
(41)
|
(29)
|
(20)
|
(12)
|
(9)
|
(11)
|
|
Net Income (Common) |
(18)
N/A
|
(19)
-9%
|
(19)
+2%
|
(20)
-5%
|
(23)
-14%
|
(29)
-26%
|
(41)
-43%
|
(53)
-30%
|
(69)
-30%
|
(82)
-20%
|
(89)
-8%
|
(92)
-4%
|
(84)
+9%
|
(70)
+17%
|
(57)
+18%
|
(41)
+28%
|
(29)
+28%
|
(20)
+31%
|
(12)
+42%
|
(9)
+19%
|
(11)
-21%
|
|
EPS (Diluted) |
-0.24
N/A
|
-0.26
-8%
|
-0.26
N/A
|
-0.27
-4%
|
-0.31
-15%
|
-0.39
-26%
|
-0.55
-41%
|
-0.71
-29%
|
-1.3
-83%
|
-1.1
+15%
|
-1.18
-7%
|
-1.23
-4%
|
-1.1
+11%
|
-0.92
+16%
|
-0.75
+18%
|
-0.53
+29%
|
-0.38
+28%
|
-0.26
+32%
|
-0.15
+42%
|
-0.12
+20%
|
-0.14
-17%
|