SEMrush Holdings (SEMR) Research & Development (2020 - 2025)

SEMrush Holdings' Research & Development history runs 6 years deep, the most recent figure standing at -$33.5 million for Q4 2025.

• Quarterly Research & Development fell 36.52% year-over-year to -$33.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $56.6 million (up 18.46% YoY) and the FY2025 annual result came in at $97.2 million, up 21.34% from the prior year.
• Research & Development was -$33.5 million for Q4 2025 at SEMrush Holdings, down from $44.3 million in the prior quarter.
• Across five years, Research & Development topped out at $98.9 million in Q4 2022 and bottomed at -$33.5 million in Q4 2025.
• A 5-year average of $18.0 million and a median of $18.8 million in 2021 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2021 — Research & Development tumbled 711.48% — and 2022, when it surged 418.09%.
• SEMrush Holdings' Research & Development stood at -$31.1 million in 2021, then jumped by 418.09% to $98.9 million in 2022, then tumbled by 68.63% to $31.0 million in 2023, then plunged by 179.02% to -$24.5 million in 2024, then sank by 36.52% to -$33.5 million in 2025.
• Business Quant data shows SEMR's Research & Development at -$33.5 million in Q4 2025, $44.3 million in Q3 2025, and $23.8 million in Q2 2025.