When you start looking into the compensation of top executives at major tech companies, especially in the SaaS space, things can get a bit tricky. It’s not just a simple paycheck! To really get a grasp on the Semrush CEO salary, you need to understand that the total package often includes a mix of base salary, bonuses, and a significant chunk of equity.

Semrush, a powerhouse in online visibility management, has seen some leadership changes recently. As of March 2025, Bill R. Wagner took over as the Chief Executive Officer CEO, succeeding co-founder Oleg Shchegolev, who transitioned to the role of Chief Technology Officer CTO. This shift is important because executive compensation, especially for a CEO, is usually tied to their role and the company’s performance during their tenure.

When we talk about the salary of a CEO at a public company like Semrush, it’s rarely just the cash component. Often, the largest part of their compensation comes from stock awards or options, which tie their personal wealth directly to the company’s success and stock performance. This setup is designed to align the CEO’s interests with those of the shareholders, encouraging long-term growth and value creation.

This will pull back the curtain on how Semrush compensates its top brass, including the fascinating details of their former CEO’s compensation and what we know about the new CEO’s package. We’ll also look at the broader picture of Semrush’s financial health, its overall executive team pay, and even touch on what various other roles within the company can expect. By the end, you’ll have a clear, comprehensive understanding of Semrush’s executive compensation, its company valuation, and what makes it tick.

Table of Contents

Unpacking the Semrush CEO’s Compensation: A Look at Oleg Shchegolev’s Package

Let’s start by looking at Oleg Shchegolev’s compensation during his time as CEO, specifically for the fiscal year 2024. This gives us a solid, publicly reported benchmark. For fiscal year 2024, Oleg Shchegolev, as the Co-Founder and then-Chief Executive Officer of Semrush Holdings, Inc., received a total compensation of $8,000,762.

Now, here’s where it gets interesting and shows you how these top-tier packages are structured:

Base Salary: A surprising $0. That’s right, for fiscal year 2024, Oleg Shchegolev elected not to receive a base salary. This isn’t unheard of for founders or highly vested executives, as their primary financial interest is often tied to the company’s equity.
Bonus/Cash Incentive: Also $0. He chose not to receive annual cash incentive compensation for fiscal year 2024.
Stock Awards: The vast majority of his compensation, $7,999,992, came from stock awards. This is a massive number and clearly shows how Semrush, like many tech companies, uses equity to reward its leadership. These stock awards typically vest over several years, encouraging a long-term commitment to the company’s performance.
Other Compensation: A minor amount of $770 was listed under other types of compensation.

So, what does this tell us? Oleg Shchegolev’s compensation strategy was heavily, almost entirely, equity-based. This means his personal financial success was directly linked to the appreciation of Semrush’s stock price. For a co-founder who has been with the company since its inception in 2008, this approach aligns perfectly with building enduring value for all shareholders.

The New Helm: Bill Wagner as CEO

With Bill R. Wagner stepping in as CEO in March 2025, his compensation structure will naturally be a point of interest. As he’s relatively new to the CEO role at Semrush, comprehensive annual compensation data for him in this specific capacity isn’t fully available yet. However, initial reports indicate his total compensation at Semrush Holdings is around US$236.5k, and his CEO salary percentage is listed as “n/a” not applicable, with him owning 0.032% of the company’s shares, valued at $362.53K.

It’s important to remember that this figure likely represents a partial compensation, potentially just his base salary or cash compensation for the initial period, and doesn’t yet include a full year’s worth of stock awards or performance-based incentives that would typically make up the bulk of a public company CEO’s package. Given his background as the former CEO of GoTo Group, where he led significant growth and acquisitions, you can expect his full compensation package to be substantial and also heavily weighted towards long-term equity incentives once a full fiscal year under his leadership is reported. Cómo Contactar a Semrush: Tu Guía Completa de Soporte para Maximizar Tu Marketing Digital

Understanding Executive Compensation Beyond the CEO

The CEO’s compensation, while often the highest, is just one piece of the puzzle. Semrush has a robust executive team, and their compensation packages also reflect their critical roles in driving the company’s strategy and growth. The average Semrush executive compensation is estimated to be around $228,636 a year, with a median of $225,908. However, just like with the CEO, these figures can vary wildly once you factor in stock awards.

Let’s look at some other key executives and their reported total compensation for the fiscal year 2024, which provides a more complete picture of what they earn:

Brian Mulroy Chief Financial Officer: His total compensation was $4,367,712. This included a base salary of $408,116 and a significant $3,499,982 in stock awards, alongside other incentives.
Eugene Levin President: Eugene’s total compensation for 2024 was $3,751,003. This comprised a base salary of $383,116 and $2,999,981 in stock awards, plus other compensation.
Vitalii Obishchenko Chief Operating Officer, now Chief Product Officer: Vitalii received a total compensation of $3,659,967. His package included a base salary of $391,358 and $2,999,981 in stock awards. While one source mentions a salary of $750,330 for him, it’s crucial to differentiate this from the total compensation reported in proxy statements, which includes stock awards. The proxy statements give a more granular breakdown.
Andrew Warden Chief Marketing Officer: Andrew’s total compensation stood at $3,207,819. This was made up of a $400,000 base salary and $2,499,980 in stock awards, among other elements.

These figures clearly show a pattern: while base salaries are competitive, the bulk of executive compensation at Semrush comes in the form of equity. This strategy is common among publicly traded tech companies. It serves to motivate executives not just for short-term gains but for the long-term appreciation of the company’s stock, aligning their interests directly with those of the shareholders.

The compensation framework for Semrush executives typically includes: Demystifying Semrush Customer Service: Your Ultimate Guide to Getting Help

Base Salary: A fixed annual income.
Annual Cash Incentive Compensation: These are usually cash bonuses tied to performance metrics. For fiscal year 2024, Semrush’s incentives were based on factors like Annual Recurring Revenue ARR growth 50%, Adjusted EBITDA Margin 20%, and individual objectives 30%.
Long-Term Equity-Based Incentive Compensation: This is the big one, mainly in the form of stock awards that vest over time. This encourages executives to stay with the company and helps them think like owners.

Semrush’s Financial Performance: A Cornerstone of Compensation

You can’t really talk about executive pay without touching on the company’s financial health. Semrush Holdings, Inc. is a publicly traded company on the New York Stock Exchange NYSE: SEMR, and its financial performance directly impacts its ability to attract and retain top talent, especially through equity-based compensation.

Let’s look at some key figures that paint a picture of Semrush’s financial standing:

Market Capitalization: As of September 2025, Semrush has a market cap of approximately $1.14 billion to $1.17 billion USD. This is essentially the total value of all its outstanding shares and shows the market’s perception of its worth.
Revenue: The company has been showing consistent growth.
- For the trailing 12 months TTM as of June 30, 2025, Semrush reported revenue of $414 million USD.
- In the full fiscal year 2024, revenue increased to $376.815 million USD approximately €0.36 billion, a significant jump from $307.67 million in 2023.
- The company is also forecasting full-year 2025 revenue in the range of $443.0 million to $446.0 million, representing an approximate 18% year-over-year growth at the midpoint.
Net Income:
- For the full fiscal year 2024, Semrush reported a net income of $8,236 thousand USD.
- They were slightly profitable in 2023 with a net profit of $950K, a good recovery from net losses in previous years.
- However, for Q2 2025, they reported an EPS of -$0.04, missing forecasts, which led to a stock drop despite revenue growth. This shows the volatility and investor scrutiny in the public market.
Annual Recurring Revenue ARR: A crucial metric for SaaS companies, Semrush’s ARR was $411.6 million as of December 31, 2024, marking a 22% increase year-over-year. This indicates strong customer retention and growth in subscription-based services.
Customer Base: Semrush serves a large and growing customer base. As of December 31, 2024, they had approximately 117,000 paying customers, an 8% increase from the previous year. They also surpassed one million registered free active customers in 2023.
Profit Margins: The company boasts impressive gross profit margins, at 82.15% in Q2 2025 and 82.99% in Q1 2024, indicating strong operational efficiency.

These financial indicators demonstrate that Semrush is a growing, established player in the digital marketing SaaS space. Its consistent revenue growth and strong ARR are vital for sustaining competitive executive compensation packages, especially the equity component, which relies on a healthy and growing company valuation.

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Oleg Shchegolev’s Net Worth: A Founder’s Journey

Since Oleg Shchegolev co-founded Semrush in 2008 and served as CEO until recently, it’s natural to wonder about his personal wealth. His net worth is primarily derived from his significant ownership in Semrush stock.

Estimates of Oleg Shchegolev’s net worth vary, but several sources place it in the hundreds of millions of dollars as of 2025:

Some estimates suggest his net worth is at least $210.57 million as of May 20th, 2025, owning 26,739,320 shares of Semrush stock.
Another estimate puts his net worth at at least $294 million as of September 1, 2025, based on owning about 37,236,753 shares.
Yet another figure estimates his net worth at least $70.6 million, also based on reported shares.
A different source indicates at least $169.3 million as of August 27, 2025, owning 10.5 million shares.

These variations can arise from different calculation dates, methodologies for stock valuation, and whether other assets are included. However, the consistent theme is that his wealth is overwhelmingly tied to his substantial holdings of Semrush shares. He has also been involved in selling shares, for example, selling 2,500,000 shares in May 2025 for a total of $25,025,000.00. This is a common practice for founders to diversify their portfolios after a company goes public.

As a co-founder with Dmitry Melnikov, Oleg played a pivotal role in taking Semrush from a small group of IT specialists to a global SaaS platform. His journey underscores how significant equity ownership, rather than just salary, drives the net worth of successful tech founders.

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Semrush Headquarters and Global Footprint

Understanding where a company operates can give you a better sense of its scale and global presence. Semrush, while a global player, has a clear base of operations.

The Semrush headquarters is located in Boston, Massachusetts, USA. You can find them at 800 Boylston Street, Suite 2475, Boston, MA 02199. This strategic location in a major tech and business hub helps position the company for ongoing growth and engagement within the industry.

Beyond its main Boston office, Semrush has expanded its global footprint with several other office locations, reflecting its international reach and diverse workforce:

United States: Austin, Dallas, and Philadelphia.
International: Yerevan Armenia, Limassol Cyprus, Prague Czech Republic, and Berlin Germany.

This distributed network allows Semrush to tap into diverse talent pools and better serve its global customer base, which spans across various countries and continents. The company’s platform is designed to provide solutions for digital marketers worldwide, making a global presence essential.

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Semrush Salaries for Other Roles

While the focus often falls on executive compensation, it’s also helpful to get a sense of what other professionals earn at Semrush. This gives us a more complete picture of the company’s compensation . Remember, these are often estimates and can vary based on experience, location, specific responsibilities, and performance.

According to various reports, the average estimated annual salary, including base and bonus, at Semrush is around $120,534, with a median estimated salary of $117,094.

Here’s a breakdown of some specific roles and their estimated compensation:

Sales Executive Salaries

Sales roles are crucial for a SaaS company like Semrush, and compensation often includes a significant variable commission component based on performance. Semrush Account Executives, for example, typically have a 51/49 base-to-variable split in their compensation.

Sales Manager: The On-Target Earnings OTE can be around $200,000, with top performers reaching $310,000.
Account Manager: OTE typically around $145,000, with top performers potentially earning $344,000.
Sales Development Representative SDR: This entry-level sales role has a base pay of about $40,000 and an OTE of around $82,000, with top performers hitting $116,000.
SMB Account Executive: Base pay for this segment is roughly $60,000, with an OTE of $120,000, and top performers can reach $213,000.
Mid Market Account Executive: Base pay is around $81,000, with an OTE of $160,000, and top performers potentially earning up to $260,000.
Enterprise Account Executive: For larger accounts, the OTE is typically around $250,000, with top performers reaching an impressive $412,000.
General Account Executive: Across the board, average base salaries for Account Executives range from $60,000 to $100,000, with total OTE usually between $130,000 and $185,000.

Other Key Roles

Director of Sales: This role can see annual compensation of up to $212,003.
Director of Operations: Estimated average total compensation is around $161,565.
Director of Marketing: Estimated average total compensation is around $170,891.
Senior Marketing Manager: Estimated average total compensation is around $137,324.
Marketing Manager: Estimated average total compensation is around $96,723.
Social Media Manager: Reported salaries can be around $58,000 salary + bonus.
Content Manager: Estimated average total compensation is around $82,418.
Software Engineers / Developers: While not explicitly detailed in the recent searches, in a tech company like Semrush, these roles are generally well-compensated, often with competitive base salaries and equity components, particularly for senior positions.

It’s clear that compensation at Semrush is structured to be competitive within the tech and SaaS industries, with a strong emphasis on performance-based pay for sales roles and equity for leadership positions. This helps the company attract and retain the talent needed to continue its growth trajectory in the competitive digital marketing . How to Master Competitor Research with Semrush and Outsmart Your Rivals

Semrush’s Overall Valuation and Net Worth

When we talk about “Semrush net worth,” we’re generally referring to the company’s overall valuation, especially since it’s a publicly traded entity. For a public company, the most common measure of its worth is its market capitalization, or “market cap.”

As of September 2025, Semrush’s market cap hovers around $1.14 Billion USD. Another source reported it at $1.17 Billion with 149M shares as of August 29, 2025. This figure essentially tells you what the entire company is worth on the stock market at a given point in time. It’s calculated by multiplying the current share price by the total number of outstanding shares.

Beyond market cap, other financial metrics give us a deeper understanding of Semrush’s value:

Enterprise Value EV: This measure takes market cap into account but also adds debt and subtracts cash, giving a more comprehensive view of a company’s total value. For FY 2024, Semrush’s EV was reported at $1,532,498 thousand USD, and TTM as of Jun 30, 2025 was $1,102,505 thousand USD.
Revenue Growth: As we’ve discussed, Semrush has shown consistent revenue growth, with $414 million TTM as of Jun 30, 2025 and projections for further increases in 2025. Strong and sustained revenue growth is a key driver of valuation for SaaS companies.
Profitability: While profitability can fluctuate, Semrush achieved a net income of $8.236 million for FY 2024 and was slightly profitable in 2023, demonstrating its ability to eventually turn a profit after significant growth investments. The company aims for continued improvements in profitability and free cash flow.
Customer Metrics: The growth in paying customers approximately 117,000 as of December 31, 2024 and Annual Recurring Revenue ARR of $411.6 million as of December 31, 2024 are critical indicators of a SaaS company’s health and future earnings potential, directly contributing to its overall valuation.
Strategic Acquisitions: Semrush has been active in expanding its platform through strategic acquisitions, such as Datos March 2024, Ryte July 2024, and assets from Backlinko and Third Door Media 2024. These acquisitions help to broaden its offerings and market reach, adding to its long-term value.

So, when people ask about Semrush’s net worth, they’re looking at a company that is valued over a billion dollars, driven by a growing customer base, increasing recurring revenue, and strategic moves in the dynamic digital marketing technology sector. Understanding Backlinks: The Foundation of SEO Authority

Frequently Asked Questions

How much does the Semrush CEO earn?

The Semrush CEO’s compensation isn’t just a simple salary. For fiscal year 2024, when Oleg Shchegolev was CEO, his total compensation was reported as $8,000,762. Interestingly, he elected not to receive a base salary or annual cash incentive, with almost all of his compensation $7,999,992 coming from stock awards. The new CEO, Bill Wagner, who started in March 2025, has an initial reported total compensation of around US$236.5k, but a full annual report reflecting his complete compensation package, including stock awards, is yet to be released.

What is the average Semrush salary?

The estimated average annual salary at Semrush, including base and bonus across all roles, is around $120,534, with a median estimated salary of $117,094. This varies significantly depending on the role, experience, and location within the company.

Where is Semrush headquartered?

Semrush’s main headquarters is located in Boston, Massachusetts, USA, specifically at 800 Boylston Street, Suite 2475, Boston, MA 02199. The company also maintains several other offices globally, including locations in Austin, Dallas, Philadelphia, Yerevan, Limassol, Prague, and Berlin. Unleashing Your Online Potential: The Game-Changing Advantages of Semrush

What is Oleg Shchegolev’s net worth?

Oleg Shchegolev, co-founder and former CEO of Semrush, has an estimated net worth that varies across reports, but is generally in the range of $70 million to $294 million as of 2025. His wealth is primarily derived from his substantial ownership of Semrush stock.

How much do Semrush Account Executives make?

Semrush Account Executives typically have an average base salary ranging from $60,000 to $100,000, with total On-Target Earnings OTE usually falling between $130,000 and $185,000. Their compensation structure often includes a 51/49 split between base salary and variable commission-based pay. For more senior roles like Enterprise Account Executives, the OTE can reach up to $250,000, with top performers earning over $400,000.

Is Semrush a profitable company?

Yes, Semrush has shown profitability. For the full fiscal year 2024, Semrush reported a net income of $8,236 thousand USD. They were also slightly profitable in 2023, reporting a net profit of $950K. While some quarterly results might show losses, the overall trend indicates a focus on sustained profitability and strong gross profit margins.

What is Semrush’s net worth as a company?

As a publicly traded company, Semrush’s net worth is primarily reflected in its market capitalization. As of September 2025, Semrush has a market cap of approximately $1.14 billion USD around $1.17 billion USD as of August 29, 2025. This figure represents the total value of all its outstanding shares in the market.

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