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

SEMrush Holdings has reported Operating Expenses for 6 years, with the latest figure at $108.5 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 32.12% year-over-year to $108.5 million; the trailing twelve-month figure through Dec 2025 stood at $380.1 million (up 25.45% YoY), and the FY2025 full-year result was $380.1 million, up 25.45% from the prior year.
• Operating Expenses for Q4 2025 stood at $108.5 million, up from $94.3 million in the prior quarter.
• The five-year high for Operating Expenses was $108.5 million in Q4 2025, with the low at $29.7 million in Q1 2021.
• Historically, Operating Expenses has averaged $66.8 million across 5 years, with a median of $68.0 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 67.52% — and 2023, when it declined 7.03%.
• SEMrush Holdings' Operating Expenses stood at $45.8 million in 2021, then jumped by 57.28% to $72.1 million in 2022, then declined by 7.03% to $67.0 million in 2023, then gained by 22.47% to $82.1 million in 2024, then jumped by 32.12% to $108.5 million in 2025.
• The last three Operating Expenses figures came in at $108.5 million (Q4 2025), $94.3 million (Q3 2025), and $92.1 million (Q2 2025), per Business Quant data.