Similarweb (NYSE:SMWB) Issues Quarterly Earnings Results

Similarweb (NYSE:SMWB) announced its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, FiscalAI reports. Similarweb had a negative net margin of 11.65% and a negative return on equity of 70.38%. The firm had revenue of $73.88 million for the quarter, compared to analysts’ expectations of $73.04 million.

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

• Similarweb reported a solid Q1, with revenue up 10% year over year to $73.9 million and non-GAAP operating profit at the top end of guidance, while the company also raised the lower end of its full-year 2026 revenue and operating profit guidance.
• Management said net revenue retention has stabilized and growth retention improved, with GRR reaching a new two-year peak and sales productivity improving for a third straight quarter. The company expects NRR to improve further through 2026 as it executes on expansion and cross-sell.
• AI-related demand remains a major growth driver, with strong traction in licensing data to LLM companies and expanding adoption of Similarweb’s GenAI products. The company also launched MCP integration with ChatGPT and expanded its Manus partnership, broadening distribution inside leading AI ecosystems.
• Similarweb is pushing into new product areas, including Retail Intelligence and Delivered, to monetize its data across e-commerce and media use cases. Management also signaled a shift toward more consumption-based monetization, which it believes can improve usage, retention, and margins.
• CEO Or Offer announced the company has started a search for his successor, with a transition expected to be completed by mid-2027. He emphasized there is no change to the company’s strategy or financial outlook, but the leadership transition adds a longer-term governance consideration.

Similarweb Stock Up 7.2%

Shares of Similarweb stock traded up $0.21 during trading hours on Thursday, reaching $3.06. 1,109,169 shares of the stock traded hands, compared to its average volume of 843,982. Similarweb has a one year low of $2.22 and a one year high of $10.75. The firm has a market capitalization of $267.62 million, a price-to-earnings ratio of -7.83 and a beta of 1.11. The company has a 50 day moving average price of $2.73 and a 200 day moving average price of $5.15.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC downgraded Similarweb from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen lowered Similarweb from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Northland Securities lowered shares of Similarweb from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research note on Wednesday, February 18th. Citigroup downgraded shares of Similarweb from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $8.50 to $3.00 in a research note on Friday, April 10th. Finally, Citizens Jmp cut Similarweb from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.07.

Key Similarweb News

Here are the key news stories impacting Similarweb this week:

• Positive Sentiment: Similarweb reported Q1 EPS of $0.01, matching expectations, while revenue of $73.88 million came in above estimates. The company also emphasized profitable AI-driven growth in its earnings call, which may be supporting sentiment. Similarweb Earnings Call Signals Profitable AI-Driven Growth
• Positive Sentiment: The company issued full-year 2026 revenue guidance of $307 million to $315 million and Q2 revenue guidance of $74.5 million to $76.5 million, both roughly in line with or slightly above expectations, suggesting management sees steady demand ahead. Similarweb outlines $307M-$315M 2026 revenue outlook as CEO transition is expected by mid-2027
• Positive Sentiment: Similarweb and Manus expanded data coverage to deepen digital marketing insights and improve AI agents, a strategic product update that could strengthen the company’s competitive positioning. Similarweb and Manus Expand Data Coverage, Enabling Deeper Digital Marketing Insights and Smarter AI Agents
• Neutral Sentiment: Similarweb said it has started CEO succession planning, with a transition expected by mid-2027. The longer timeline reduces near-term disruption, but leadership changes can still create some uncertainty. Similarweb Initiates CEO Succession Planning Process
• Neutral Sentiment: The company also tightened executive pay policy and adjusted audit committee leadership ahead of its May 28 AGM, a governance update that appears procedural rather than a major operating catalyst. Similarweb Tightens Executive Pay Policy and Adjusts Audit Committee Leadership Ahead of May 28 AGM
• Negative Sentiment: Despite beating revenue estimates, Similarweb remains unprofitable with a negative net margin and negative return on equity, and analysts still expect a full-year loss, which may limit upside. Similarweb (SMWB) Matches Q1 Earnings Estimates

Hedge Funds Weigh In On Similarweb

A number of institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in Similarweb during the third quarter valued at $25,000. Wexford Capital LP purchased a new position in shares of Similarweb during the 3rd quarter valued at about $64,000. Brooklyn Investment Group bought a new position in shares of Similarweb during the 4th quarter valued at approximately $85,000. Boothbay Fund Management LLC purchased a new stake in Similarweb in the 4th quarter worth approximately $90,000. Finally, Nebula Research & Development LLC bought a new stake in Similarweb during the 2nd quarter worth approximately $146,000. 57.59% of the stock is owned by institutional investors.

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.