Similarweb (NYSE:SMWB) Issues Earnings Results

Similarweb (NYSE:SMWB) announced its quarterly earnings results on Wednesday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The business had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.75% and a negative net margin of 7.37%.

Here are the key takeaways from Similarweb’s conference call:

• Q2 revenue and profitability exceeded expectations: Revenue rose 9% year over year to $77.2 million, non-GAAP operating profit reached $6.5 million, and the company posted its first-ever positive GAAP operating profit. Normalized free cash flow was $8.7 million, or an 11% margin.
• Similarweb reported its strongest quarter for net new ARR, improved NRR to 100% overall and 107% for customers above $100,000 in ARR, and signed three multi-year enterprise contracts worth more than $60 million in cumulative contract value. A fourth large contract was signed in July, with management citing an unusually strong pipeline.
• AI is becoming a larger growth driver: AI-related revenue increased to 13% of Q2 revenue from 11% at the end of 2025, while demand is expanding beyond LLM training into AI agents, OEM data applications, brand intelligence, and investor use cases. Multi-year contracts now represent 66% of ARR, up from 57% a year ago.
• Management raised full-year 2026 guidance for revenue to $340 million-$380 million and non-GAAP operating profit to $24 million-$26 million, while forecasting Q3 revenue of $80.5 million-$82.5 million and 17.5% year-over-year growth at the midpoint.
• The company is prioritizing large enterprise expansion over smaller inbound business, leaving the number of customers above $25,000 in ARR nearly flat year over year at 1,815. Management also noted broader declines in website visitor traffic, particularly from search, although it said average deal value and win rates were stable.

Similarweb Trading Up 2.2%

Similarweb stock opened at $8.98 on Friday. Similarweb has a 52 week low of $2.22 and a 52 week high of $10.75. The stock has a market cap of $787.09 million, a PE ratio of -35.94 and a beta of 1.14. The stock has a 50-day moving average price of $6.24 and a 200 day moving average price of $4.33.

Insider Activity at Similarweb

In related news, CEO Or Offer purchased 53,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $3.58 per share, with a total value of $189,740.00. Following the transaction, the chief executive officer directly owned 4,694,396 shares of the company’s stock, valued at $16,805,937.68. This trade represents a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harel Moshe Beit-On purchased 75,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $291,750.00. Following the completion of the purchase, the director directly owned 10,885,778 shares of the company’s stock, valued at approximately $42,345,676.42. This represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 271,105 shares of company stock worth $1,020,726. Corporate insiders own 62.40% of the company’s stock.

Institutional Investors Weigh In On Similarweb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC purchased a new position in shares of Similarweb in the 3rd quarter worth approximately $25,000. New York State Common Retirement Fund increased its holdings in Similarweb by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock worth $6,388,000 after purchasing an additional 3,170 shares during the period. PDT Partners LLC boosted its stake in Similarweb by 3.9% in the second quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock valued at $771,000 after acquiring an additional 3,717 shares in the last quarter. Lazard Asset Management LLC raised its position in Similarweb by 31.9% during the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock worth $184,000 after buying an additional 4,777 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Similarweb by 13.7% in the third quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after buying an additional 5,235 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SMWB has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Similarweb in a report on Wednesday. Northland Securities raised Similarweb from a “market perform” rating to an “outperform” rating and increased their price target for the company from $5.00 to $10.00 in a research note on Wednesday. Citigroup raised their target price on shares of Similarweb from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays lifted their price objective on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.14.

About Similarweb

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.