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FVRR

Fiverr International Ltd.

FVRR

Fiverr International Ltd. • NYSE
$20.93 ▲ 2.00% (+0.41)
Market Cap $773.01 M
52w High $36.11
52w Low $19.36
Dividend Yield 0%
P/E 34.88
Volume 277.95K
Outstanding Shares 36.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $107.903M ▼ $87.145M ▼ $5.537M ▲ 5.131% ▲ $0.15 ▲ $9.993M ▲
Q2-2025 $108.648M ▲ $90.253M ▼ $3.188M ▲ 2.934% ▲ $0.087 ▲ $2.1M ▲
Q1-2025 $107.184M ▲ $91.983M ▲ $798K ▼ 0.745% ▼ $0.022 ▼ $-911K ▼
Q4-2024 $103.666M ▲ $89.343M ▲ $12.838M ▲ 12.384% ▲ $0.36 ▲ $28.711M ▲
Q3-2024 $99.628M $84.211M $1.353M 1.358% $0.038 $-84K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $752.972M ▲ $1.136B ▼ $736.993M ▲ $398.648M ▼
Q2-2025 $724.404M ▲ $1.139B ▲ $733.736M ▲ $404.864M ▲
Q1-2025 $647.629M ▲ $1.106B ▲ $726.952M ▲ $378.608M ▲
Q4-2024 $567.262M ▲ $1.07B ▲ $707.324M ▼ $362.65M ▲
Q3-2024 $499.729M $1.035B $710.324M $324.486M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.537M ▲ $32.723M ▲ $259.336M ▲ $-27.496M ▼ $246.328M ▲ $32.624M ▲
Q2-2025 $3.188M ▲ $25.462M ▼ $97.007M ▲ $4.469M ▲ $126.416M ▲ $25.275M ▼
Q1-2025 $798K ▼ $28.309M ▼ $25.912M ▲ $-583K ▲ $53.632M ▲ $27.361M ▼
Q4-2024 $12.838M ▲ $30.034M ▲ $-53.15M ▼ $-2.489M ▲ $-25.773M ▲ $28.519M ▲
Q3-2024 $1.353M $10.867M $-13.774M $-26.682M $-29.484M $10.577M

Five-Year Company Overview

Income Statement

Income Statement Fiverr’s revenue has grown steadily over the past several years, and the core business now runs with solid gross margins. While the company spent a long time operating at a loss, those losses have narrowed meaningfully. Profitability has recently crossed into positive territory on both an operating cash and net income basis, showing a clear shift from “grow at any cost” toward a more balanced, efficiency-focused model. The path from sizable losses a few years ago to modest profits today suggests that management has tightened spending while still growing the top line, though the margin structure is not yet fully mature and could still be sensitive to slower growth or higher investment needs.

Balance Sheet

Balance Sheet The balance sheet looks reasonably healthy for a digital marketplace business. Total assets have grown, and shareholders’ equity has rebuilt after earlier years of heavier losses. The company carries a notable, but not extreme, level of debt that has been fairly stable, which makes leverage something to monitor but not an obvious red flag at this stage. Cash levels have moved around over time, but the current position appears adequate given positive cash generation. Overall, Fiverr has some financial flexibility but not a fortress balance sheet, so disciplined capital allocation remains important.

Cash Flow

Cash Flow Fiverr consistently generates positive cash from its operations, and that cash flow has strengthened over time. Because capital spending is very light, almost all operating cash converts into free cash flow, which is a plus for a software and marketplace business. This gives the company room to keep investing in product development, marketing, and AI capabilities without constantly relying on external financing. The main watchpoint is whether cash generation remains resilient through economic cycles, since freelance marketplaces can be sensitive to shifts in demand and business confidence.

Competitive Edge

Competitive Edge Fiverr holds a solid position in the online freelance market thanks to its well-known brand, simple “gig” model, and sizable global community of buyers and sellers. Strong network effects help: more freelancers attract more clients and vice versa, which makes the platform harder to displace. The company is also pushing “upmarket” toward larger and more complex business customers through offerings like Fiverr Pro and Enterprise, which can deepen relationships and increase spending per client. However, competition is intense, with other freelance platforms, traditional agencies, and professional networks all vying for similar budgets. The category is also sensitive to broader economic trends and to evolving regulations around gig work, so Fiverr’s competitive position, while strong, is not unchallenged.

Innovation and R&D

Innovation and R&D Innovation is a key strength. Fiverr pioneered a productized, gig-based approach to services and is now leaning heavily into AI. Tools like Dynamic Matching, Fiverr Neo, and Fiverr Go are designed to make it easier for businesses to define projects and find the right talent, while also giving freelancers AI assistants and workflow tools to be more productive. On top of that, products like Fiverr Pro, Studios, Enterprise, and various subscription models show a clear push to serve more sophisticated and higher-value use cases. The upside is a more efficient, stickier ecosystem; the risk is execution—these AI and enterprise initiatives must scale smoothly and actually deliver better outcomes than competing solutions.

Summary

Fiverr has evolved from a fast-growing but loss-making marketplace into a more balanced business that combines steady growth with emerging profitability and strong free cash flow. Its platform benefits from network effects, brand recognition, and a user-friendly model, while ongoing innovation—especially in AI and business-focused products—creates meaningful long-term opportunity. At the same time, the company operates in a highly competitive, rapidly changing market that is exposed to economic cycles and regulatory developments. The overall story is one of a maturing digital marketplace that is strengthening its financial footing and leaning into technology and upmarket clients to drive its next phase of growth, with success dependent on sustained execution in a crowded and evolving landscape.

NEWS

November 5, 2025 · 1:00 AM UTC

Fiverr Announces Third Quarter 2025 Results

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October 22, 2025 · 8:00 AM UTC

Fiverr to Release Third Quarter 2025 Results on November 5, 2025

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October 16, 2025 · 6:00 AM UTC

Fiverr Survey Debunks Gig Economy Myths: Freelancers Lead With Discipline, Flexibility, and AI

Read more