Similarweb Ltd.
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Range $7 – $11
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About the company
Similarweb Ltd. specializes in providing a comprehensive digital intelligence platform with a global reach spanning the United States, Europe, Asia Pacific, the United Kingdom, and Israel, among other international markets. Their array of solutions includes: Digital Research Intelligence: Empowering senior leaders, strategy, business intelligence, and consumer insights teams to benchmark their performance against competitors, analyze prevailing market trends, conduct in-depth investigations into specific companies, and dissect audience behaviors.
- CEO
- Or Offer
- IPO
- 2021
- Employees
- 1,000
- HQ
- Givatayim, IL
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $721.39M
- P/E
- -32.80
- Fwd P/E
- 38.90
- PEG
- -1.24
- P/S
- 2.44
- P/B
- 31.79
- EV/EBITDA
- -742.99
- Div Yield
- 0.00%
- Gross Margin
- 79.66%
- Op Margin
- -3.34%
- Net Margin
- -7.37%
- ROE
- -94.75%
- ROIC
- -12.59%
Latest fiscal year · YoY change
- Revenue
- $282.60M+13.1%
- Gross Profit
- $224.80M+15.2%
- Op Income
- $-23,564,000
- Net Income
- $-32,936,000-187.5%
- EPS
- $-0.39-178.6%
- OCF Growth
- -51.5%
- FCF Growth
- -52.1%
- 52W High
- $10.75
- 52W Low
- $2.22
- 50D MA
- $6.53
- 200D MA
- $5.27
- Beta
- 1.17
- RSI (14)
- 60
- Avg Volume
- 990.50K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Similarweb delivered a stronger-than-expected Q2 with 9% revenue growth, first-ever positive GAAP operating profit, and major enterprise AI/data contract wins that led management to raise full-year guidance again.· August 12, 2026
- Revenue rose 9% year over year to $77.2 million, above guidance.
- Non-GAAP operating profit was $6.5 million (8% margin); GAAP operating profit was positive for the first time.
- AI-related revenue reached 13% of revenue, up from 11% at the end of Q4 2025.
- Management signed 3 multiyear enterprise contracts worth more than $60 million of cumulative contract value, plus a fourth large contract in July.
- Full-year guidance was raised again, with management pointing to stronger retention, larger deals, and improving cash generation.
Q2 revenue was $77.2 million, up 9% year over year and above the top end of guidance. Non-GAAP operating profit was $6.5 million, or an 8% margin, versus $2.4 million in Q2 2025; non-GAAP diluted EPS was $0.06 versus $0.01 a year ago. Normalized free cash flow was $8.7 million with an 11% margin, and the company reported positive GAAP operating profit for the first time. AI-related revenue was 13% of revenue, up from 11% at the end of Q4 2025. Full-year 2026 guidance was raised to revenue of $340 million to $380 million and non-GAAP operating profit of $24 million to $26 million. Q3 revenue guidance was $80.5 million to $82.5 million, with non-GAAP operating profit of $7.5 million to $9.5 million.
Or Offer framed the quarter as evidence that Similarweb is at an inflection point: the core business is strengthening while AI is creating a new growth path. He emphasized bigger deals, longer commitments, better retention, and expanding profitability, saying the company is becoming an enterprise data company rather than just a software seat business. His tone was highly confident and strategic, especially around the idea that AI increases the value of Similarweb’s data and broadens its use cases across large enterprises.
Ran Vered highlighted the $77.2 million in Q2 revenue, $6.5 million in non-GAAP operating profit, $0.06 non-GAAP diluted EPS, and $8.7 million in normalized free cash flow. He noted that RPO was $345 million, up 26% year over year, and deferred revenue was $141 million, up 21% year over year, with about 66% of RPO expected to convert to revenue over the next 12 months. He also said the company ended the quarter with about $73.9 million in cash and cash equivalents, no debt, and a $75 million available credit line, while acknowledging FX pressure from the stronger Israeli shekel. Guidance was raised to $340 million-$380 million in revenue and $24 million-$26 million in non-GAAP operating profit for the full year.
Analysts focused on whether the new large enterprise and AI deals represent a broader shift in how Similarweb’s data is consumed, and management said yes: larger customers are using the data at scale across more use cases, not just LLM training. Asked about NRR, management said the reported figure should continue to improve because it is a rolling four-quarter average and because gross retention and expansion efforts are strengthening. On the pipeline, Or said one of the previously discussed large AI deals is still in the pipeline and could close by year-end, while management repeatedly stressed that the sales organization has been reoriented toward expansion and large enterprise opportunities.
The bullish case is that Similarweb appears to be moving into a larger, more durable enterprise model with bigger contracts, longer commitments, and better retention. Management said AI is expanding demand for its digital data across LLMs, agents, OEMs, brands, and investors, and that the company is already seeing the benefits in ARR mix, RPO, cash flow, and profitability.
The main risks are that much of the upside is tied to a relatively new AI-driven expansion story that still needs to prove out over time. Management also pointed to FX headwinds from the stronger Israeli shekel and said the company is intentionally prioritizing expansion and large enterprise deals over smaller SMB opportunities, which could leave some parts of the business softer. The CEO search is still ongoing as well.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 59.7%
- Shares Outstanding
- 87.60M
- Float Shares
- 52.33M
of shares held by institutions
105 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Wolverine Trading, LLC | 56.14K | ▲ 56.14K |
| Cubist Systematic Strategies, LLC | 50.41K | ▼ 365.18K |
| Vanguard Group Inc | 35.29K | 0 |
| Nebula Research & Development LLC | 18.65K | ▲ 18.65K |
| Fullcircle Wealth LLC | 15.00K | ▲ 15.00K |
| Two Sigma Advisers, LP | 13.00K | ▼ 11.80K |
Held by 6 ETFs
Biggest fund positions in SMWB by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 13, 26 | Offer Or | other | 228,500 |
| Aug 13, 26 | Offer Or | other | 200,000 |
| Aug 13, 26 | Offer Or | sell | 200,000 |
| Aug 13, 26 | Offer Or | sell | 228,500 |
| Aug 14, 26 | Offer Or | other | 75,000 |
| Aug 14, 26 | Offer Or | other | 59,992 |
| Aug 13, 26 | Offer Or | sell | 106,105 |
| Aug 14, 26 | Offer Or | sell | 75,000 |
| Aug 13, 26 | Offer Or | sell | 40,000 |
| Aug 14, 26 | Offer Or | sell | 59,992 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our SMWB coverage
Recent articles, reports, and earnings notes.
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Similarweb Unlocks the Black Box of AI Ad Placements Across ChatGPT, Google AI Overviews, and AI Mode
businesswire.com · Aug 17
Similarweb Q2 Earnings Call Highlights
marketbeat.com · Aug 12
Similarweb Ltd. (SMWB) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 12
Similarweb (SMWB) Tops Q2 Earnings and Revenue Estimates
zacks.com · Aug 12
Similarweb Announces Second Quarter 2026 Results
businesswire.com · Aug 12
Similarweb to Announce Second Quarter 2026 Financial Results on August 12, 2026, Before Market Open
businesswire.com · Jul 28
2 Internet Content Stocks to Watch From a Challenging Industry
zacks.com · Jul 20
Similarweb (SMWB) Surges 10.8%: Is This an Indication of Further Gains?
zacks.com · Jul 16
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