SMWB Technology

Similarweb Ltd.

$8.75+0.57%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: Israel
Market cap: 772.2M USD
Enterprise value: 744.0M USD
Full-time employees: 1,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.21 vs a peer median of 0.87), less short-term liquidity (current ratio 0.76 vs a peer median of 1.83) and more debt relative to equity (2.01× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.21 vs peers 0.87), less liquidity (current ratio 0.76 vs peers 1.83) and more debt vs equity (2.01× vs peers 0.25×)
About average: growth

Ranks #1,513 of 1,612 technology companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 14% from December 2022 to December 2025.
Similarweb had 14% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Similarweb had 14% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Much more borrowing than peers. Debt is 2.0× equity vs a peer median of 0.2×.Debt is 2.0× equity vs peers 0.2×.
Debt is 2.0× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.0× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 40% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Similarweb looks cheaper than 40% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Similarweb reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

21/ 100

Oct 5 21 → Nov 4 21

Valuation

Is the price right?

18/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.3%

SEC filings · 12 months to Dec 2025Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-0.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield1.7%

SEC filings · 12 months to Dec 2025 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.37Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield3.1%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

53/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 13.1%

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.13Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth13.5%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score 1.09Sector median: 0.0483 · MAD: 0.0793

Revenue growth13.1%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score 0.45Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

9/100

Weak

2/3 inputs reported · Partial data

Since last year: ▼ Weaker

Operating margin fell 4.5 points to -8.3%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-8.3%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.06Sector median: 0.0631 · MAD: 0.0710

Return on assets-12.6%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin79.5%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-141.2%

SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.21

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.91Sector median: 0.8710 · MAD: 0.3700

Current ratio0.76×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.53Sector median: 1.8295 · MAD: 0.6848

Debt / equity2.01×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -7.75Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Similarweb

Is Similarweb getting weaker?: Its latest SEC filing (Mar 2, 2026) got weaker in some ways: operating margin fell 4.5 points to -8.3%. Its overall score is unchanged at 21/100 since Oct 28, 2026.
How is Similarweb valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,711 technology peers. Earnings yield -4.3% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.3% vs peers 2.2% (weaker than 100% of peers).
Is Similarweb growing?: At about the same pace as its peers. Growth scores 53/100 against 1,711 technology peers. 3-year revenue growth 13.5% vs a peer median of 4.8% (stronger than 75% of peers).3-year revenue growth 13.5% vs peers 4.8% (stronger than 75% of peers).
How profitable is Similarweb?: Less profitable than most of its peers. Profitability scores 9/100 against 1,711 technology peers. Return on assets -12.6% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -12.6% vs peers 2.9% (weaker than 100% of peers).
How risky is Similarweb?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.76× vs a peer median of 1.83× (weaker than 100% of peers).Current ratio 0.76× vs peers 1.83× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 2, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Operating margin fell 4.5 points to -8.3%

Worth watching: Similarweb is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	249.9M USD	282.6M USD	+13.1%
Net income (12 months)	−11.5M USD	−32.9M USD	+187.5%
Operating margin	-3.9%	-8.3%	−4.5 pts
Free cash flow (12 months)	28.7M USD	13.2M USD	−54.2%
Cash	63.9M USD	72.4M USD	+13.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	76.9%	72.4%	78.4%	78.1%	79.5%	▲ 1.5 pts
Operating margin	-48.0%	-45.5%	-13.2%	-3.9%	-8.3%	▼ 4.5 pts
Net margin	-50.1%	-43.3%	-13.5%	-4.6%	-11.7%	▼ 7.1 pts
Return on assets (ROA)	-30.4%	-34.0%	-12.3%	-4.7%	-12.6%	▼ 7.9 pts
Return on equity (ROE)	-81.2%	-381.1%	-188.9%	-41.6%	-141.2%	▼ 100 pts
Free cash flow margin	-21.7%	-38.5%	-2.1%	11.5%	4.7%	▼ 6.8 pts
Current ratio	1.40×	0.79×	0.79×	0.80×	0.76×	▼ 4.1%
Interest coverage	-34.96×	—	—	—	—	—

SMWB price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.21 vs a peer median of 0.87), less short-term liquidity (current ratio 0.76 vs a peer median of 1.83) and more debt relative to equity (2.01× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.21 vs peers 0.87), less liquidity (current ratio 0.76 vs peers 1.83) and more debt vs equity (2.01× vs peers 0.25×)

About average: growth

Ranks #1,513 of 1,612 technology companies (bottom 7%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 14% from December 2022 to December 2025.

Similarweb had 14% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Similarweb had 14% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Much more borrowing than peers. Debt is 2.0× equity vs a peer median of 0.2×.Debt is 2.0× equity vs peers 0.2×.

Debt is 2.0× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.0× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 40% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Similarweb looks cheaper than 40% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Similarweb reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about Similarweb

Is Similarweb getting weaker?

Its latest SEC filing (Mar 2, 2026) got weaker in some ways: operating margin fell 4.5 points to -8.3%. Its overall score is unchanged at 21/100 since Oct 28, 2026.

How is Similarweb valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,711 technology peers. Earnings yield -4.3% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.3% vs peers 2.2% (weaker than 100% of peers).

Is Similarweb growing?

At about the same pace as its peers. Growth scores 53/100 against 1,711 technology peers. 3-year revenue growth 13.5% vs a peer median of 4.8% (stronger than 75% of peers).3-year revenue growth 13.5% vs peers 4.8% (stronger than 75% of peers).

How profitable is Similarweb?

Less profitable than most of its peers. Profitability scores 9/100 against 1,711 technology peers. Return on assets -12.6% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -12.6% vs peers 2.9% (weaker than 100% of peers).

How risky is Similarweb?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.76× vs a peer median of 1.83× (weaker than 100% of peers).Current ratio 0.76× vs peers 1.83× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

249.9M USD

282.6M USD

+13.1%

Net income (12 months)

−11.5M USD

−32.9M USD

+187.5%

Operating margin

-3.9%

-8.3%

−4.5 pts

Free cash flow (12 months)

28.7M USD

13.2M USD

−54.2%

Cash

63.9M USD

72.4M USD

+13.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

76.9%

72.4%

78.4%

78.1%

79.5%

▲ 1.5 pts

Operating margin

-48.0%

-45.5%

-13.2%

-3.9%

-8.3%

▼ 4.5 pts

Net margin

-50.1%

-43.3%

-13.5%

-4.6%

-11.7%

▼ 7.1 pts

Return on assets (ROA)

-30.4%

-34.0%

-12.3%

-4.7%

-12.6%

▼ 7.9 pts

Return on equity (ROE)

-81.2%

-381.1%

-188.9%

-41.6%

-141.2%

▼ 100 pts

Free cash flow margin

-21.7%

-38.5%

-2.1%

11.5%

4.7%

▼ 6.8 pts

Current ratio

1.40×

0.79×

0.80×

0.76×

▼ 4.1%

Interest coverage

-34.96×

—