Similarweb Announces Departure of Long-Tenured CFO, Jason Schwartz

Similarweb CFO Jason Schwartz is leaving the company after 10 years of service. Schwartz will continue in his role until his departure or a successor is appointed. Similarweb reported strong Q2 financial results, including positive non-GAAP operating profit, and reaffirmed its full-year guidance. The company is focused on strategic priorities such as AI innovation, enterprise expansion, and sustainable growth.

Similarweb Ltd. (NYSE: SMWB), a leading digital data and market intelligence company, has announced that Jason Schwartz, its Chief Financial Officer (CFO), will be leaving the company after a decade of service. Schwartz will continue in his role until his departure or until a successor is appointed, ensuring a smooth transition [1].

Schwartz's tenure at Similarweb has been marked by significant growth and success. He joined the company when it was a $20 million revenue startup and helped guide it to become a fast-growing, profitable, and cash-generative business listed on the NYSE. Beyond the numbers, Schwartz has been a trusted partner and a steady hand through the company's growth stages [1].

Or Offer, Co-Founder and CEO of Similarweb, expressed gratitude for Schwartz's contributions: "Jason has been an integral part of Similarweb’s journey. He has helped us grow from a startup to a listed company. We are grateful for his many contributions and wish him every success in the future" [1].

Schwartz himself reflected on his time at Similarweb: "It’s been an incredible journey. I’m proud of what we’ve achieved and grateful to Or and the rest of the team for the opportunity to help build one of the most innovative companies in digital intelligence" [1].

The company reported strong second quarter financial results, including positive non-GAAP operating profit, which reflected the demand for its digital data and disciplined execution. Similarweb reaffirmed its full-year guidance, reflecting strong momentum and execution discipline [1].

Similarweb remains focused on strategic priorities such as AI innovation, enterprise expansion, and sustainable growth. The company is confident in meeting its Q3 financial targets and reaffirming its full-year guidance [1].

The departure of Schwartz comes amidst a period of strong institutional investment in Similarweb. T. Rowe Price Investment Management Inc. increased its position in Similarweb shares by 109.1% in the first quarter, indicating growing confidence in the company's prospects [3].

Institutional investors, including Herald Investment Management Ltd., Nuveen LLC, BNP Paribas Financial Markets, Bank of America Corp DE, and Two Sigma Advisers LP, have also increased their stakes in Similarweb, further underscoring the company's appeal to investors [3].

Wall Street analysts have mixed ratings for Similarweb, with one strong buy, nine buy ratings, and an average price target of $14.88, indicating potential growth [3].

References:
[1] https://www.marketscreener.com/news/similarweb-announces-planned-cfo-departure-after-10-years-of-service-ce7c50d3dc81f522
[2] https://www.businesswire.com/news/home/20250902316801/en/Similarweb-Announces-Planned-CFO-Departure-After-10-Years-Of-Service
[3] https://www.marketbeat.com/instant-alerts/filing-similarweb-ltd-smwb-shares-bought-by-t-rowe-price-investment-management-inc-2025-08-25/