Similarweb Ltd.
SMWB NYSE Services-Computer Programming, Data Processing, Etc. Financials FY2019โFY2025
Last close ยท Oct 23, 2026
$8.79
0.3%
Revenue
Total sales reported in the income statement.
$283M
13.1%
vs prior year
Operating margin
Operating income as a share of revenue.
โ8.3%
4.5ย pts
Net income
Profit after all expenses, interest and tax.
โ$32.9M
Free cash flow
Cash from operations minus capital spending.
$13.2M
54.2%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
$746M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.39 EPS (TTM)
What Similarweb Ltd. does
No business description yet.
- Legal name
- SIMILARWEB LTD.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 2, 2026
- Accession ยท CIK
- 0001842731-26-000018
0001842731
Revenue and margins
Similarweb Ltd. had $283M of revenue in fiscal 2025, up 13.1% on the year before.
FY19
Revenue $70.6M
FY20
Revenue $93.5M
FY21
Revenue $138M
FY22
Revenue $193M
FY23
Revenue $218M
FY24
Revenue $250M
FY25
Revenue $283M
FY19
Gross 70.9%
Operating โ22.8%
Net โ25.1%
FCF โ14.1%
FY20
Gross 77.1%
Operating โ21.0%
Net โ23.5%
FCF โ4.8%
FY21
Gross 76.9%
Operating โ48.0%
Net โ50.1%
FCF โ21.7%
FY22
Gross 72.4%
Operating โ45.5%
Net โ43.3%
FCF โ38.5%
FY23
Gross 78.4%
Operating โ13.2%
Net โ13.5%
FCF โ2.1%
FY24
Gross 78.1%
Operating โ3.9%
Net โ4.6%
FCF 11.5%
FY25
Gross 79.5%
Operating โ8.3%
Net โ11.7%
FCF 4.7%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income โ$17.7M
FY20
Net income โ$22.0M
FY21
Net income โ$69.0M
FY22
Net income โ$83.7M
FY23
Net income โ$29.4M
FY24
Net income โ$11.5M
FY25
Net income โ$32.9M
FY19
Diluted EPS โ$1.32
FY20
Diluted EPS โ$1.58
FY21
Diluted EPS โ$1.30
FY22
Diluted EPS โ$1.10
FY23
Diluted EPS โ$0.38
FY24
Diluted EPS โ$0.14
FY25
Diluted EPS โ$0.39
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital โ
Return on equity โ
Return on assets โ
FY20
Return on capital โ
Return on equity โ
Return on assets โ21.2%
FY21
Return on capital โ
Return on equity โ
Return on assets โ41.7%
FY22
Return on capital โ
Return on equity โ156.6%
Return on assets โ35.4%
FY23
Return on capital โ
Return on equity โ156.7%
Return on assets โ12.1%
FY24
Return on capital โ
Return on equity โ53.2%
Return on assets โ4.8%
FY25
Return on capital โ
Return on equity โ129.6%
Return on assets โ13.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $13.2M in fiscal 2025, 4.7% of revenue. Cash from operations minus capital spending.
FY19
Free cash flow โ$10.0M
FY20
Free cash flow โ$4.5M
FY21
Free cash flow โ$29.9M
FY22
Free cash flow โ$74.3M
FY23
Free cash flow โ$4.6M
FY24
Free cash flow $28.7M
FY25
Free cash flow $13.2M
FY19
Cash from operations โ$9.7M
Capital spending $0.3M
FY20
Cash from operations โ$3.8M
Capital spending $0.7M
FY21
Cash from operations โ$27.6M
Capital spending $2.3M
FY22
Cash from operations โ$46.1M
Capital spending $28.3M
FY23
Cash from operations โ$3.0M
Capital spending $1.6M
FY24
Cash from operations $30.2M
Capital spending $1.4M
FY25
Cash from operations $14.6M
Capital spending $1.5M
Cash from operations
Capital spending
Dividends, buybacks and share count
Similarweb Ltd. returned โ to shareholders in fiscal 2025. The diluted share count rose 4.9%.
FY19
Dividends โ
Buybacks โ
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.05B
FY22
Diluted shares 0.08B
FY23
Diluted shares 0.08B
FY24
Diluted shares 0.08B
FY25
Diluted shares 0.08B
Balance sheet
Cash, debt and the ratios that show how comfortably Similarweb Ltd. can carry it.
FY19
Cash $7.0M
Debt โ
FY20
Cash $53.9M
Debt โ
FY21
Cash $129M
Debt โ
FY22
Cash $77.8M
Debt โ
FY23
Cash $71.7M
Debt โ
FY24
Cash $63.9M
Debt โ
FY25
Cash $72.4M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $129M | $77.8M | $71.7M | $63.9M | $72.4M |
| Interest coverage | โ35.0x | โ | โ | โ | โ |
| Current ratio | 1.4x | 0.8x | 0.8x | 0.8x | 0.8x |
| Quick ratio | 1.4x | 0.8x | 0.8x | 0.8x | 0.8x |
| Total assets | $227M | $246M | $239M | $243M | $261M |
| Total liabilities | $142M | $224M | $223M | $215M | $238M |
| Shareholders' equity | $84.9M | $22.0M | $15.5M | $27.5M | $23.3M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 2 / 8 | 2 / 8 | 5 / 8 | 5 / 8 | 4 / 8 |
| Accruals ratio | โ | โ17.6% | โ25.0% | โ15.9% | โ10.9% | โ17.3% | โ18.9% |
| Altman Z'' | โ | โ9.28 | โ3.23 | โ7.62 | โ6.59 | โ5.99 | โ6.63 |
7 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $70.6M | $93.5M | $138M | $193M | $218M | $250M | $283M |
| Gross profit | $50.1M | $72.1M | $106M | $140M | $171M | $195M | $225M |
| Research and development | $16.2M | $22.1M | $44.4M | $59.9M | $56.2M | $55.6M | $72.6M |
| Operating income | โ$16.1M | โ$19.7M | โ$66.1M | โ$87.9M | โ$28.8M | โ$9.7M | โ$23.6M |
| Interest expense | $1.1M | $1.7M | $1.9M | โ | โ | โ | โ |
| Pretax income | โ$17.2M | โ$21.4M | โ$68.0M | โ$83.1M | โ$27.9M | โ$9.5M | โ$28.8M |
| Income tax | $0.5M | $0.6M | $1.0M | $0.5M | $1.5M | $1.9M | $4.2M |
| Net income | โ$17.7M | โ$22.0M | โ$69.0M | โ$83.7M | โ$29.4M | โ$11.5M | โ$32.9M |
| Net income to common | โ$17.7M | โ$22.8M | โ$69.0M | โ$83.7M | โ | โ | โ |
| Diluted EPS | โ$1.32 | โ$1.58 | โ$1.30 | โ$1.10 | โ$0.38 | โ$0.14 | โ$0.39 |
| Diluted shares | 0.01B | 0.01B | 0.05B | 0.08B | 0.08B | 0.08B | 0.08B |
| Cash flow | |||||||
| Cash from operations | โ$9.7M | โ$3.8M | โ$27.6M | โ$46.1M | โ$3.0M | $30.2M | $14.6M |
| Capital expenditure | $0.3M | $0.7M | $2.3M | $28.3M | $1.6M | $1.4M | $1.5M |
| Free cash flow | โ$10.0M | โ$4.5M | โ$29.9M | โ$74.3M | โ$4.6M | $28.7M | $13.2M |
| Depreciation and amortization | $1.8M | $2.0M | $3.2M | $10.6M | $10.3M | $10.5M | $9.0M |
| Stock-based compensation | $2.0M | $4.8M | $11.2M | $17.0M | $18.1M | $17.6M | $21.2M |
| Acquisitions | $0.0M | $0.0M | $9.5M | $3.8M | $0.0M | $15.4M | $15.8M |
| Balance sheet | |||||||
| Cash and short-term investments | $7.0M | $53.9M | $129M | $77.8M | $71.7M | $63.9M | $72.4M |
| Current assets | โ | $88.2M | $188M | $142M | $146M | $141M | $150M |
| Current liabilities | โ | $108M | $134M | $181M | $184M | $177M | $197M |
| Property and equipment, net | โ | $6.1M | $6.4M | $31.8M | $28.6M | $25.9M | $22.0M |
| Goodwill | โ | $2.9M | $11.3M | $12.9M | $12.9M | $25.3M | $38.8M |
| Intangible assets | โ | $0.0M | $11.6M | $9.6M | $4.8M | $5.6M | $6.8M |
| Total assets | โ | $104M | $227M | $246M | $239M | $243M | $261M |
| Total liabilities | โ | $113M | $142M | $224M | $223M | $215M | $238M |
| Shareholders' equity | โ$129M | โ$145M | $84.9M | $22.0M | $15.5M | $27.5M | $23.3M |
| Margins | |||||||
| Gross margin | 70.9% | 77.1% | 76.9% | 72.4% | 78.4% | 78.1% | 79.5% |
| Operating margin | โ22.8% | โ21.0% | โ48.0% | โ45.5% | โ13.2% | โ3.9% | โ8.3% |
| EBITDA margin | โ20.3% | โ18.9% | โ45.7% | โ40.0% | โ8.5% | 0.3% | โ5.2% |
| Net margin | โ25.1% | โ23.5% | โ50.1% | โ43.3% | โ13.5% | โ4.6% | โ11.7% |
| FCF margin | โ14.1% | โ4.8% | โ21.7% | โ38.5% | โ2.1% | 11.5% | 4.7% |
| Returns | |||||||
| Return on capital employed | โ | 416.6% | โ71.2% | โ134.9% | โ52.5% | โ14.7% | โ36.5% |
| Return on equity | โ | โ | โ | โ156.6% | โ156.7% | โ53.2% | โ129.6% |
| Return on assets | โ | โ21.2% | โ41.7% | โ35.4% | โ12.1% | โ4.8% | โ13.1% |
| Return on tangible equity | โ | โ | โ111.3% | โ | โ | โ | โ |
| Growth | |||||||
| Revenue growth | โ | 32.4% | 47.3% | 40.4% | 12.8% | 14.6% | 13.1% |
| FCF growth | โ | โ | โ | โ | โ | โ | โ54.2% |
| Share count change | โ | 7.6% | 268.4% | 42.3% | 2.7% | 4.0% | 4.9% |
| Financial health | |||||||
| Interest coverage | โ14.2x | โ11.7x | โ35.0x | โ | โ | โ | โ |
| Current ratio | โ | 0.8x | 1.4x | 0.8x | 0.8x | 0.8x | 0.8x |
| Quick ratio | โ | 0.8x | 1.4x | 0.8x | 0.8x | 0.8x | 0.8x |
| Capital allocation | |||||||
| Capex / revenue | 0.4% | 0.8% | 1.7% | 14.6% | 0.7% | 0.6% | 0.5% |
| Stock comp / revenue | 2.8% | 5.1% | 8.1% | 8.8% | 8.3% | 7.0% | 7.5% |
| Quality scores | |||||||
| Piotroski F-score | โ | โ | 2.0 | 2.0 | 5.0 | 5.0 | 4.0 |
| Altman Z'' | โ | โ9.3 | โ3.2 | โ7.6 | โ6.6 | โ6.0 | โ6.6 |
| Accruals ratio | โ | โ17.6% | โ25.0% | โ15.9% | โ10.9% | โ17.3% | โ18.9% |
Source: SEC EDGAR XBRL filings (CIK 0001842731). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.