Quarterly ResultMay 13, 2026, 07:08 AM
Similarweb Q1 Revenue $73.9M; Raises FY26 Outlook
AI Summary
Similarweb announced strong first-quarter 2026 financial results, with revenue reaching $73.9 million, a 10% increase year-over-year, and non-GAAP operating profit of $2.4 million, both at the top end of guidance. The company achieved its tenth consecutive quarter of positive normalized free cash flow at $6.6 million. Based on this performance, Similarweb raised the lower end of its full-year 2026 guidance for both revenue and non-GAAP operating profit, reflecting increased confidence in its outlook.
Key Highlights
- Q1 2026 revenue rose 10% to $73.9 million.
- Q1 2026 non-GAAP operating profit was $2.4 million.
- Normalized free cash flow reached $6.6 million, tenth consecutive positive quarter.
- Multi-year subscriptions grew to 64% of ARR, up from 52% in 2025.
- FY 2026 revenue guidance raised to $307.0M-$315.0M.
- FY 2026 non-GAAP operating profit guidance raised to $17.0M-$19.0M.
- Remaining performance obligations increased 18% YoY to $297.7 million.