10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-22-014516 |
| Period End Date | 20220331 |
| Filing Date | 20220516 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | semr-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$171.87M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$259.82M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$269.67M | USD | Point-in-time |
| Accounts receivable |
AccountsNotesAndLoansReceivableNetCurrent
|
$2.83M | USD | Point-in-time |
| Accounts receivable |
AccountsNotesAndLoansReceivableNetCurrent
|
$2.19M | USD | Point-in-time |
| Deferred contract costs, current portion |
CapitalizedContractCostNetCurrent
|
$6.34M | USD | Point-in-time |
| Deferred contract costs, current portion |
CapitalizedContractCostNetCurrent
|
$6.89M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.34M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$4.61M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$274.15M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$283.54M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$7.62M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$8.27M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.92M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$11.38M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$8.08M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.99M | USD | Point-in-time |
| Deferred contract costs, net of current portion |
CapitalizedContractCostNetNoncurrent
|
$2.48M | USD | Point-in-time |
| Deferred contract costs, net of current portion |
CapitalizedContractCostNetNoncurrent
|
$2.25M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$3.74M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.10M | USD | Point-in-time |
| Total assets |
Assets
|
$300.07M | USD | Point-in-time |
| Total assets |
Assets
|
$307.45M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$9.94M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$10.84M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$19.48M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$19.72M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$40.23M | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$47.55M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.90M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.69M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$79.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$71.55M | USD | Point-in-time |
| Deferred revenue, net of current portion |
ContractWithCustomerLiabilityNoncurrent
|
$320.00K | USD | Point-in-time |
| Deferred revenue, net of current portion |
ContractWithCustomerLiabilityNoncurrent
|
$237.00K | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$268.00K | USD | Point-in-time |
| Deferred tax liability |
DeferredIncomeTaxLiabilitiesNet
|
$111.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.66M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.48M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$82.88M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$74.53M | USD | Point-in-time |
| Commitments and contingencies (Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 14) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$264.87M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$266.73M | USD | Point-in-time |
| Accumulated other comprehensive deficit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-230.00K | USD | Point-in-time |
| Accumulated other comprehensive deficit |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-494.00K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-41.67M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-39.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$224.56M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$-6.84M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$225.54M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$139.91M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$300.07M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$307.45M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$57.13M | USD | 1 Quarter |
| Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$40.00M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$11.59M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$8.77M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$45.54M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$31.23M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$25.83M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$16.46M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$5.36M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$8.14M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$7.90M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$14.16M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$48.13M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$29.72M | USD | 1 Quarter |
| (Loss) income from operations |
OperatingIncomeLoss
|
$-2.59M | USD | 1 Quarter |
| (Loss) income from operations |
OperatingIncomeLoss
|
$1.51M | USD | 1 Quarter |
| Other income, net |
NonoperatingIncomeExpense
|
$159.00K | USD | 1 Quarter |
| Other income, net |
NonoperatingIncomeExpense
|
$51.00K | USD | 1 Quarter |
| (Loss) income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-2.43M | USD | 1 Quarter |
| (Loss) income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.56M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$86.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$140.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-2.57M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$1.47M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.01 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
140.79M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
96.38M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
131.36M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
140.79M | shares | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-264.00K | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-2.83M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$1.47M | USD | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
NetIncomeLoss
|
$-2.57M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$1.47M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$460.00K | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$1.46M | USD | 1 Quarter |
| Amortization of deferred contract costs |
CapitalizedContractCostAmortization
|
$2.08M | USD | 1 Quarter |
| Amortization of deferred contract costs |
CapitalizedContractCostAmortization
|
$1.32M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$593.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$932.00K | USD | 1 Quarter |
| Change in fair value of convertible debt securities |
DebtSecuritiesGainLoss
|
- | USD | 1 Quarter |
| Change in fair value of convertible debt securities |
DebtSecuritiesGainLoss
|
$661.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-56.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$283.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$985.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$353.00K | USD | 1 Quarter |
| Deferred contract costs |
IncreaseDecreaseInContractWithCustomerAsset
|
$2.85M | USD | 1 Quarter |
| Deferred contract costs |
IncreaseDecreaseInContractWithCustomerAsset
|
$2.42M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$976.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-1.24M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$2.32M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.58M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$2.42M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-940.00K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$6.58M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$5.60M | USD | 1 Quarter |
| Other long-term liabilities |
OtherNoncashIncomeExpense
|
$-510.00K | USD | 1 Quarter |
| Other long-term liabilities |
OtherNoncashIncomeExpense
|
- | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.01M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.03M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$370.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$166.00K | USD | 1 Quarter |
| Purchases of convertible debt securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$500.00K | USD | 1 Quarter |
| Purchases of convertible debt securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$2.00M | USD | 1 Quarter |
| Purchases of convertible debt securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$2.00M | USD | Point-in-time |
| Purchases of convertible debt securities |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$500.00K | USD | Point-in-time |
| Capitalization of internal-use software development costs |
PaymentsToDevelopSoftware
|
$123.00K | USD | 1 Quarter |
| Capitalization of internal-use software development costs |
PaymentsToDevelopSoftware
|
$286.00K | USD | 1 Quarter |
| Cash paid for acquisition of assets and businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$350.00K | USD | 1 Quarter |
| Cash paid for acquisition of assets and businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$14.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.14M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-16.66M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$924.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$7.00K | USD | 1 Quarter |
| Net proceeds from completing initial public offering |
ProceedsFromIssuanceInitialPublicOffering
|
- | USD | 1 Quarter |
| Net proceeds from completing initial public offering |
ProceedsFromIssuanceInitialPublicOffering
|
$128.46M | USD | 1 Quarter |
| Payment of capital leases |
FinanceLeasePrincipalPayments
|
- | USD | 1 Quarter |
| Payment of capital leases |
FinanceLeasePrincipalPayments
|
$937.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$128.47M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-13.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-1.26M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
- | USD | 1 Quarter |
| Increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-9.90M | USD | 1 Quarter |
| Increase in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$136.34M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$259.94M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$269.84M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$35.62M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$171.96M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$259.94M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$269.84M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$35.62M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$171.96M | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
$73.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$158.00K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$283.00K | USD | 1 Quarter |
| Deferred offering costs incurred and not paid |
DeferredOfferingCostsIncurredButNotYetPaid
|
$1.84M | USD | 1 Quarter |
| Deferred offering costs incurred and not paid |
DeferredOfferingCostsIncurredButNotYetPaid
|
- | USD | 1 Quarter |
| Acquisition of fixed asset under capital lease |
CapitalLeaseObligationsIncurred
|
$1.02M | USD | 1 Quarter |
| Acquisition of fixed asset under capital lease |
CapitalLeaseObligationsIncurred
|
$331.00K | USD | 1 Quarter |
| Property and equipment purchases not paid |
CapitalExpendituresIncurredButNotYetPaid
|
- | USD | 1 Quarter |
| Property and equipment purchases not paid |
CapitalExpendituresIncurredButNotYetPaid
|
- | USD | 1 Quarter |
Stockholders Equity
23 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$224.56M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$-6.84M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$225.54M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$139.91M | USD | Point-in-time |
| Conversion of preferred and common stock (in shares) |
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
29.70M | shares | Point-in-time |
| Conversion of preferred and common stock (in shares) |
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
0.00 | shares | 1 Quarter |
| Conversion of Preferred Stock |
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
$18.06M | USD | 1 Quarter |
| Issuance of Class A Common Stock in connection with the initial public offering, net of $13,378 in issuance costs |
StockIssuedDuringPeriodValueNewIssues
|
$126.62M | USD | 1 Quarter |
| Reclassification of Common Stock to Class B Common Stock in connection with the initial public offering |
StockIssuedDuringPeriodValueReclassificationOfShares
|
- | USD | 1 Quarter |
| Exercise of stock options (in shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
197,828.00 | shares | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$924.00K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$7.00K | USD | 1 Quarter |
| Vesting of Class A Common Stock in connection with Restricted Stock Units (in shares) |
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
51,762.00 | shares | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$932.00K | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$593.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-264.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-2.57M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$1.47M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$224.56M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$-6.84M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$225.54M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$139.91M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.