Similarweb (NYSE:SMWB – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, FiscalAI reports. The business had revenue of $73.88 million for the quarter, compared to analyst estimates of $73.04 million. Similarweb had a negative net margin of 10.38% and a negative return on equity of 46.98%.
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 Price Performance
NYSE:SMWB traded up $0.00 during mid-day trading on Friday, reaching $3.07. The company’s stock had a trading volume of 223,904 shares, compared to its average volume of 836,725. The company’s fifty day simple moving average is $2.73 and its two-hundred day simple moving average is $5.11. Similarweb has a twelve month low of $2.22 and a twelve month high of $10.75. The stock has a market cap of $269.20 million, a P/E ratio of -8.81 and a beta of 1.11.
Key Stories Impacting Similarweb
- Positive Sentiment: Q1 2026 results showed revenue growth and the company said it is seeing momentum from strategic AI initiatives, which supports the case for longer-term growth. Similarweb Ltd (SMWB) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic AI …
- Positive Sentiment: Management outlined a 2026 revenue outlook of $307 million to $315 million, indicating continued top-line expansion expectations. Similarweb outlines $307M-$315M 2026 revenue outlook as CEO transition is expected by mid-2027
- Positive Sentiment: The company said it is expanding data coverage with Manus to improve digital marketing insights and AI agent capabilities, a potential product and platform tailwind. Similarweb and Manus Expand Data Coverage, Enabling Deeper Digital Marketing Insights and Smarter AI Agents
- Neutral Sentiment: Similarweb also tightened executive pay policy and changed audit committee leadership ahead of its May 28 AGM, which is governance-related but not likely a major near-term operating catalyst. Similarweb Tightens Executive Pay Policy and Adjusts Audit Committee Leadership Ahead of May 28 AGM
- Neutral Sentiment: Articles highlighting analyst debate and comparisons with other tech names suggest sentiment is mixed, with no clear consensus driving the stock decisively higher. Analysts Conflicted on These Technology Names: Similarweb (SMWB) and Riskified (RSKD)
- Negative Sentiment: The market may be focusing on the CEO succession plan and the still-unprofitable profile, which can temper enthusiasm despite better revenue trends. Similarweb Initiates CEO Succession Planning Process
Hedge Funds Weigh In On Similarweb
A number of hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC acquired a new position in shares of Similarweb in the 3rd quarter valued at $25,000. New York State Common Retirement Fund boosted its holdings in shares of Similarweb by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 852,915 shares of the company’s stock valued at $6,388,000 after purchasing an additional 3,170 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of Similarweb by 3.9% in the 2nd quarter. PDT Partners LLC now owns 98,388 shares of the company’s stock valued at $771,000 after purchasing an additional 3,717 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Similarweb by 31.9% in the 3rd quarter. Lazard Asset Management LLC now owns 19,761 shares of the company’s stock valued at $184,000 after purchasing an additional 4,777 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Similarweb by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 43,374 shares of the company’s stock valued at $403,000 after purchasing an additional 5,235 shares in the last quarter. Institutional investors and hedge funds own 57.59% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on SMWB. Citigroup lowered shares of Similarweb from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.50 to $3.00 in a research report on Friday, April 10th. Wall Street Zen lowered Similarweb from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Oppenheimer decreased their price objective on Similarweb from $7.00 to $4.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. William Blair lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Citizens Jmp lowered Similarweb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.07.
Read Our Latest Stock Analysis on Similarweb
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.
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