SEMrush Holdings, Inc. (SEMR) Cost of Revenue (2020 - 2025)

SEMrush Holdings' Cost of Revenue history runs 6 years deep, the most recent figure standing at $23.1 million for Q4 2025.

• Quarterly Cost of Revenue rose 22.83% year-over-year to $23.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $86.3 million (up 31.81% YoY) and the FY2025 annual result came in at $86.3 million, up 31.81% from the prior year.
• Cost of Revenue was $23.1 million for Q4 2025 at SEMrush Holdings, up from $22.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $23.1 million in Q4 2025 and bottomed at $8.8 million in Q1 2021.
• A 5-year average of $14.7 million and a median of $13.0 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2021 — Cost of Revenue surged 46.97% — and 2023, when it climbed 2.97%.
• SEMrush Holdings' Cost of Revenue stood at $11.6 million in 2021, then advanced by 3.48% to $12.0 million in 2022, then increased by 14.39% to $13.7 million in 2023, then surged by 37.47% to $18.8 million in 2024, then increased by 22.83% to $23.1 million in 2025.
• Business Quant data shows SEMR's Cost of Revenue at $23.1 million in Q4 2025, $22.2 million in Q3 2025, and $21.1 million in Q2 2025.