Similarweb Initiates Search for New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: seekingalpha
- Leadership Transition: Similarweb's Board of Directors has officially commenced the search for a new CEO, as founder and current CEO Or Offer plans to transition out of his role by May 2027, marking a significant shift as the company approaches its 20th anniversary.
- Executive Search Firm Engagement: The Board will collaborate with a leading executive search firm to evaluate candidates with the necessary experience to lead Similarweb into its next phase, ensuring a professional and effective selection process.
- Transition Period Arrangements: Offer will remain as CEO during the selection and transition period, ensuring that the company's strategy, operations, and financial outlook remain unchanged, thereby maintaining stability during this leadership change.
- Future Outlook: The leadership transition is expected to be completed by mid-2027, with the Board emphasizing that there will be no changes to the company's strategic direction during this period, demonstrating continued confidence in future growth.
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Analyst Views on SMWB
Wall Street analysts forecast SMWB stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.190
Low
10.00
Averages
12.50
High
14.00
Current: 4.190
Low
10.00
Averages
12.50
High
14.00
About SMWB
Similarweb Ltd is an Israel-based company, engaged primarily in the software sector. The Company is a global software development and data aggregation company that specializes in Web analytics, Web traffic, and digital world. The Company provides an online platform for digital intelligence, delivering a trusted, comprehensive and detailed view of the digital traffic. The platform collect, analyze and share the information with their clients to enable customers to be competitive in their markets. It presents estimated statistics of websites and mobile applications. The Company analyzes over 100 million websites and 8 million apps, offering a comprehensive view of digital traffic and market trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Improved Operating Profit: The non-GAAP operating profit for the quarter was $2.4 million, yielding a 3% margin compared to a loss of $1.3 million in Q1 2025, indicating effective cost control measures by the company.
- Stable Customer Retention: The net revenue retention rate stood at 98% for all customers, with a remarkable 103% for those generating over $100,000 in annual revenue, showcasing the success of the company's customer expansion and product portfolio strategies.
- Optimistic Outlook: The company raised the lower end of its 2026 revenue guidance to $307 million, expecting total revenue to range between $307 million and $315 million, reflecting management's confidence in future growth and positive market demand.
See More
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- Customer Expansion: As of March 31, 2026, the number of customers with annual recurring revenue exceeding $100,000 grew to 461, a 12% increase year-over-year, highlighting the company's enhanced appeal among high-value clients.
- Retention Rate Decline: The dollar-based net retention rate for customers with ARR over $100,000 was 103%, down from 111% in Q1 2025, suggesting some pressure on customer retention.
- Financial Outlook: For FY 2026, total revenue is projected between $307 million and $315 million, representing approximately 10% growth year-over-year, reflecting the company's confidence in future growth despite market challenges.
See More
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- Leadership Transition: Similarweb's Board of Directors has officially commenced the search for a new CEO, as founder and current CEO Or Offer plans to transition out of his role by May 2027, marking a significant shift as the company approaches its 20th anniversary.
- Executive Search Firm Engagement: The Board will collaborate with a leading executive search firm to evaluate candidates with the necessary experience to lead Similarweb into its next phase, ensuring a professional and effective selection process.
- Transition Period Arrangements: Offer will remain as CEO during the selection and transition period, ensuring that the company's strategy, operations, and financial outlook remain unchanged, thereby maintaining stability during this leadership change.
- Future Outlook: The leadership transition is expected to be completed by mid-2027, with the Board emphasizing that there will be no changes to the company's strategic direction during this period, demonstrating continued confidence in future growth.
See More
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- Automated Pricing Options: Both Amazon IQ and Cross-Retail IQ now offer digital shelf automation options, allowing brands to automatically adjust product pricing based on competitive dynamics, which is crucial during price wars to maintain
See More
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- Digital Data Services: Similarweb provides essential web and app data, analytics, and insights that help businesses identify market opportunities and competitive threats, thereby optimizing strategies and increasing customer acquisition and monetization capabilities, further solidifying its market position.
- Technology-Driven: The company's products are integrated with advanced technology and based on comprehensive digital data, aimed at improving user workflow efficiency and driving business growth and market competitiveness.
See More
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- Interaction Between Software and AI: HSBC emphasizes that 'software is already eating AI' and expects this trend to continue, highlighting the central role of software in the technological ecosystem.
- Market Confidence Transmission: HSBC's perspective helps alleviate market concerns about the future of the SaaS industry, potentially boosting investor confidence in related companies and promoting industry stability.
See More
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- Significant Revenue Growth: Similarweb achieved revenue of $73.9 million in Q1 2026, reflecting a 10% year-over-year increase that exceeded the upper guidance limit, demonstrating strong performance in AI-related revenues and new sales, which enhances market confidence.
- Improved Operating Profit: The non-GAAP operating profit for the quarter was $2.4 million, yielding a 3% margin compared to a loss of $1.3 million in Q1 2025, indicating effective cost control measures by the company.
- Stable Customer Retention: The net revenue retention rate stood at 98% for all customers, with a remarkable 103% for those generating over $100,000 in annual revenue, showcasing the success of the company's customer expansion and product portfolio strategies.
- Optimistic Outlook: The company raised the lower end of its 2026 revenue guidance to $307 million, expecting total revenue to range between $307 million and $315 million, reflecting management's confidence in future growth and positive market demand.
See More
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- Revenue Growth: Similarweb reported Q1 revenue of $73.9 million, reflecting a 10.2% year-over-year increase, surpassing market expectations by $0.86 million, indicating robust market performance.
- Customer Expansion: As of March 31, 2026, the number of customers with annual recurring revenue exceeding $100,000 grew to 461, a 12% increase year-over-year, highlighting the company's enhanced appeal among high-value clients.
- Retention Rate Decline: The dollar-based net retention rate for customers with ARR over $100,000 was 103%, down from 111% in Q1 2025, suggesting some pressure on customer retention.
- Financial Outlook: For FY 2026, total revenue is projected between $307 million and $315 million, representing approximately 10% growth year-over-year, reflecting the company's confidence in future growth despite market challenges.
See More
Similarweb Initiates Search for New CEO
- Leadership Transition: Similarweb's Board of Directors has officially commenced the search for a new CEO, as founder and current CEO Or Offer plans to transition out of his role by May 2027, marking a significant shift as the company approaches its 20th anniversary.
- Executive Search Firm Engagement: The Board will collaborate with a leading executive search firm to evaluate candidates with the necessary experience to lead Similarweb into its next phase, ensuring a professional and effective selection process.
- Transition Period Arrangements: Offer will remain as CEO during the selection and transition period, ensuring that the company's strategy, operations, and financial outlook remain unchanged, thereby maintaining stability during this leadership change.
- Future Outlook: The leadership transition is expected to be completed by mid-2027, with the Board emphasizing that there will be no changes to the company's strategic direction during this period, demonstrating continued confidence in future growth.
See More
Similarweb Launches Retail Intelligence Analysis Tools
- Retail Intelligence Launch: Similarweb has launched a new suite of retail intelligence tools that combines Amazon IQ with Cross-Retail IQ, covering over 650 online stores, providing comprehensive analysis of shopper behavior and digital shelf dynamics to help brands optimize sales strategies.
- Digital Shelf Analysis: The new tools offer in-depth analysis of product mix, availability, and pricing, enabling brands to better understand market demand and competitor dynamics, thereby enhancing product visibility and sales performance.
- Automated Pricing Options: Both Amazon IQ and Cross-Retail IQ now offer digital shelf automation options, allowing brands to automatically adjust product pricing based on competitive dynamics, which is crucial during price wars to maintain
See More
Similarweb Files Annual Report for 2025
- Annual Report Filing: Similarweb filed its annual report on Form 20-F for the fiscal year ending December 31, 2025, with the SEC on March 2, 2026, marking a significant compliance step that ensures investors have access to the latest financial information.
- Report Access: Investors can access the 2025 annual report via the SEC's website or the company's investor relations site, and shareholders may request a hard copy of the complete audited financial statements free of charge, enhancing transparency and shareholder trust.
- Digital Data Services: Similarweb provides essential web and app data, analytics, and insights that help businesses identify market opportunities and competitive threats, thereby optimizing strategies and increasing customer acquisition and monetization capabilities, further solidifying its market position.
- Technology-Driven: The company's products are integrated with advanced technology and based on comprehensive digital data, aimed at improving user workflow efficiency and driving business growth and market competitiveness.
See More
HSBC Downplays SaaS Sector Apocalypse Concerns
- AI and SaaS Relationship: HSBC believes that the development of artificial intelligence will benefit the software industry rather than replace the software-as-a-service (SaaS) sector, indicating an optimistic outlook for the industry's future.
- Challenges of In-House Development: HSBC points out that relying on AI for companies to develop their own software is neither practical nor cost-effective, and even if AI-driven 'vibe-coding' could produce superior or free software, replacing established vendors remains a significant challenge.
- Interaction Between Software and AI: HSBC emphasizes that 'software is already eating AI' and expects this trend to continue, highlighting the central role of software in the technological ecosystem.
- Market Confidence Transmission: HSBC's perspective helps alleviate market concerns about the future of the SaaS industry, potentially boosting investor confidence in related companies and promoting industry stability.
See More
