Similarweb (NYSE:SMWB) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Similarweb (NYSE:SMWB) issued its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03, FiscalAI reports. Similarweb had a negative return on equity of 48.57% and a negative net margin of 10.38%.The firm had revenue of $77.19 million during the quarter, compared to analyst estimates of $75.57 million.

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 Stock Performance

Similarweb stock traded up $1.05 during midday trading on Wednesday, hitting $8.30. 2,152,647 shares of the company’s stock were exchanged, compared to its average volume of 868,358. Similarweb has a 12 month low of $2.22 and a 12 month high of $10.75. The firm has a 50-day moving average of $6.06 and a two-hundred day moving average of $4.29. The company has a market cap of $727.09 million, a PE ratio of -23.71 and a beta of 1.14.

Insider Buying and Selling at Similarweb

In other Similarweb news, Director Tamar Rapaport-Dagim acquired 40,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $3.22 per share, for a total transaction of $128,800.00. Following the completion of the purchase, the director owned 63,584 shares in the company, valued at approximately $204,740.48. This trade represents a 169.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Or Offer acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $4.15 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the chief executive officer owned 4,744,396 shares of the company’s stock, valued at $19,689,243.40. This trade represents a 1.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 271,105 shares of company stock worth $1,020,726.

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. Wellington Management Group LLP lifted its position in Similarweb by 163.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,805 shares of the company’s stock worth $22,858,000 after acquiring an additional 1,525,230 shares during the period. UBS Group AG lifted its holdings in shares of Similarweb by 701.6% during the third quarter. UBS Group AG now owns 312,987 shares of the company’s stock worth $2,911,000 after purchasing an additional 273,943 shares during the period. Millennium Management LLC boosted its position in Similarweb by 65.7% in the third quarter. Millennium Management LLC now owns 510,921 shares of the company’s stock valued at $4,752,000 after buying an additional 202,537 shares during the last quarter. Jump Financial LLC acquired a new position in Similarweb in the 2nd quarter worth approximately $1,457,000. Finally, Numerai GP LLC purchased a new position in Similarweb during the 4th quarter worth approximately $883,000. 57.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on SMWB. Citigroup increased their target price on Similarweb from $3.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Northland Securities upgraded shares of Similarweb from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $5.00 to $10.00 in a report on Wednesday. Oppenheimer raised 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. Finally, Barclays lowered their price objective on shares of Similarweb from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.00.

Similarweb Company Profile

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.