SEMrush Holdings (SEMR) Operating Expenses (2020 - 2025)

SEMrush Holdings' Operating Expenses history runs 6 years deep, the most recent figure standing at $108.5 million for Q4 2025.

• Quarterly Operating Expenses rose 32.12% year-over-year to $108.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $380.1 million (up 25.45% YoY) and the FY2025 annual result came in at $380.1 million, up 25.45% from the prior year.
• Operating Expenses was $108.5 million for Q4 2025 at SEMrush Holdings, up from $94.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $108.5 million in Q4 2025 and bottomed at $29.7 million in Q1 2021.
• A 5-year average of $66.8 million and a median of $68.0 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 67.52% — and 2023, when it decreased 7.03%.
• SEMrush Holdings' Operating Expenses stood at $45.8 million in 2021, then soared by 57.28% to $72.1 million in 2022, then retreated by 7.03% to $67.0 million in 2023, then climbed by 22.47% to $82.1 million in 2024, then soared by 32.12% to $108.5 million in 2025.
• Business Quant data shows SEMR's Operating Expenses at $108.5 million in Q4 2025, $94.3 million in Q3 2025, and $92.1 million in Q2 2025.