Want to see AU:FLN full AI Analyst Report?
Top Page
Freelancer
(Sydney:FLN)
Select Model
Select Model
Rating:55Neutral
Price Target:
AU$0.12
▲(18.00% Upside)
Action:Reiterated
Date:07/29/26
The score is primarily held up by improving financial fundamentals (positive recent earnings, better leverage, and solid recent cash generation), but is weighed down by weak technical trend signals (price below key longer-term moving averages) and unattractive valuation optics (negative P/E). The latest earnings call adds a neutral tilt: strong Escrow/Loadshift performance and cost control are offset by significant headwinds and execution risk in the core Freelancer marketplace (SEO and payments-related conversion drag).
Positive Factors
Operating & free cash flow
Sustained positive operating and free cash flow provides durable internal funding for product fixes, AI investment and working capital. Reliable cash generation reduces liquidity risk, supports selective capital allocation and makes the business less reliant on external financing over the medium term.
Negative Factors
Freelancer marketplace declines
The core marketplace's material GMV and revenue declines threaten long-term network effects: fewer projects reduce freelancer retention and bidding depth, lowering take rates and conversion. Recovery requires durable fixes to product, acquisition and trust mechanisms, which may take multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating & free cash flow
Sustained positive operating and free cash flow provides durable internal funding for product fixes, AI investment and working capital. Reliable cash generation reduces liquidity risk, supports selective capital allocation and makes the business less reliant on external financing over the medium term.
Read all positive factors
Freelancer (FLN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.35M
Dividend YieldN/A
Average Volume (3M)65.38K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-6.17%
EPS Growth-191.49%
CountryAU
Employees783
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding450,914,900
10 Day Avg. Volume28,495
30 Day Avg. Volume65,378
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)4.54
Price to Sales (P/S)1.95
P/FCF Ratio13.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$51.82M
Freelancer Business Overview & Revenue Model
Company Description
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. The company operates in two segments, Online Marketplace and Online Payment Services. Its marketplace allows employers to hire freelancers in the field of softwa...
How the Company Makes Money
Freelancer makes money primarily by charging fees related to transactions and participation on its marketplace. Key revenue streams include: (1) Platform fees on projects: the company charges service fees associated with work arranged through the ...
Freelancer Earnings Call Summary
Earnings Call Date:Jul 27, 2026
(Q2-2026)
| Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Neutral
Mixed/Neutral: the call highlights clear strengths—particularly Escrow's robust volume, profitability and new vertical traction, plus Loadshift record performance, AI productivity gains and disciplined cost control—but also material and concrete problems in the core Freelancer marketplace (large GMV and revenue declines, scraping/SEO disruption, and multi‑gateway payment acceptance issues). Management presented concrete remediation plans (payments routing, product and vertical rollouts, new product leadership) and near‑term operational fixes, but the severity of Freelancer headwinds balances the strong wins elsewhere.Positive Updates
Group GMV Growth
Group gross merchandise volume (GMV) increased ~30.9% in AUD to AUD 574.6M (USD $403.8M, ~45.5% in USD), driven by strong Escrow and Loadshift performance.
Negative Updates
Freelancer Marketplace Underperformance
Freelancer GMV declined 20.3% to AUD $42.4M and revenue declined 23.2% to AUD $14.9M (reported revenue for Freelancer segment and overall group revenue down 12.1% in AUD to AUD $23.9M; USD revenue roughly flat/slightly down ~2–2.6% to USD $16.8M). On a constant currency basis Freelancer declines were more moderate (GMV -11.7%, revenue -15%).
Read all updates
Q2-2026 Updates
Positive
Negative
Group GMV Growth
Group gross merchandise volume (GMV) increased ~30.9% in AUD to AUD 574.6M (USD $403.8M, ~45.5% in USD), driven by strong Escrow and Loadshift performance.
Read all positive updates
Company Guidance
The H2 guidance is to "wrangle" Freelancer (fix product, SEO and payments), scale Escrow and Loadshift, and accelerate AI while maintaining cost discipline: key metrics cited include a 1,300% surge in scraper traffic, an estimated payment‑gateway drag of ~USD 400k/month, a target acceptance rate >85% (Google Pay live in ~2 weeks; Indian local acquiring commissioned next quarter), AI handling 100% of Tier‑1 support with 11% containment and engineering up to 40% faster releases; business metrics: group GMV +30.9% to AUD 574.6m (USD 403.8m), group revenue down 12.1% to AUD 23.9m, EBITDA AUD 1.1m, operating loss ~AUD 0.3m, net loss AUD 2.1m, cash AUD 17.9m; segment moves: Freelancer GMV -20.3% to 42.4m and revenue -23.2% to 14.9m, Loadshift GMV +9.6% to 14.6m and revenue +12.2% to 1.8m (>1bn km freight), and Escrow GMV +39% to AUD 517.6m (USD ~363.7m) with revenue +15.1% to AUD 7m and a blended take rate down to ~1.35% (expected steady state ~1.45–1.55%), with priorities to restore positive free cash flow, preserve liquidity, and selectively allocate capital.Freelancer Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.85M | 53.21M | 51.00M | 53.33M | 55.66M | 57.42M |
| Gross Profit | 18.16M | 19.91M | 41.79M | 44.24M | 14.98M | 17.04M |
| EBITDA | 2.51M | 5.21M | 54.00K | 4.79M | -905.00K | 1.78M |
| Net Income | -1.92M | 2.17M | -814.00K | 189.00K | -5.41M | -2.26M |
Balance Sheet | ||||||
| Total Assets | 71.52M | 77.68M | 83.96M | 88.68M | 97.05M | 105.33M |
| Cash, Cash Equivalents and Short-Term Investments | 17.92M | 22.93M | 23.16M | 21.15M | 23.36M | 30.32M |
| Total Debt | 7.58M | 6.96M | 12.40M | 17.15M | 21.20M | 21.91M |
| Total Liabilities | 48.12M | 51.66M | 57.25M | 61.86M | 70.58M | 74.00M |
| Stockholders Equity | 20.17M | 22.83M | 22.92M | 23.15M | 22.79M | 27.66M |
Cash Flow | ||||||
| Free Cash Flow | 142.00K | 7.45M | 5.75M | 1.82M | -4.33M | -5.45M |
| Operating Cash Flow | 375.00K | 7.73M | 5.85M | 1.87M | -4.18M | 2.64M |
| Investing Cash Flow | -243.00K | -295.00K | -92.00K | -53.00K | -149.00K | -8.09M |
| Financing Cash Flow | -7.15M | -6.91M | -4.96M | -4.20M | -3.85M | 508.00K |
Freelancer Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | AU$47.35M | -24.42 | -8.93% | ― | -6.17% | -191.49% | |
50 Neutral | AU$27.18M | -4.63 | -47.13% | ― | ― | -249.05% | |
47 Neutral | AU$17.27M | -1.35 | -28.72% | ― | -5.31% | 7.89% | |
46 Neutral | AU$81.79M | -14.10 | -76.28% | ― | 20.25% | 5.66% | |
46 Neutral | AU$105.18M | -3.07 | -550.33% | ― | 14.49% | -66.27% | |
40 Underperform | AU$16.94M | -3.64 | 366.81% | ― | 18.69% | -250.00% |
* Communication Services Sector Average
AU:FLN
Freelancer
0.12
-0.20
-62.90%
AU:RNT
Rent.com.au Ltd
0.07
0.03
75.00%
AU:FMR
Applyflow Limited
0.39
0.01
2.63%
AU:RMY
RMA Global Ltd.
0.02
-0.02
-47.62%
AU:CHL
Camplify Holdings Ltd.
0.22
-0.24
-52.17%
AU:ART
Airtasker Ltd
0.22
-0.17
-44.16%
Freelancer Corporate Events
Freelancer GMV Surges on Escrow.com and Loadshift as Marketplace Revenue Softens
Jul 27, 2026
Freelancer Limited reported mixed first-half 2026 results, with Group Gross Marketplace Value rising 30.9% to A$574.6 million, driven primarily by strong performances at Escrow.com and Loadshift. However, group revenue fell 12.1% to A$23.9 million...
Freelancer Swings to Loss as Half-Year Revenue Falls 12%
Jul 27, 2026
Freelancer Limited, a gig-economy platform operator, runs an online marketplace where clients engage freelance professionals for a wide range of digital and project-based services. The business model relies on transaction and service fees, and its...
Freelancer Sets Date for H1 FY26 Results and Investor Call
Jul 21, 2026
Freelancer Limited, the ASX-listed operator of the world’s largest freelancing and crowdsourcing marketplace, continues to expand its digital services ecosystem through its ownership of Escrow.com and heavy haulage marketplace Loadshift. Wit...
Freelancer Director Robert Barrie Increases Indirect Shareholding via On-Market Purchase
Jun 25, 2026
Freelancer Limited has disclosed a change in director Robert Matthew Barrie’s indirect shareholding, following an on-market trade completed on 24 June 2026. Through entities Infilsec Pty Ltd and Taipan Investment Management Pty Ltd, where he...
Freelancer Director Robert Barrie Increases Indirect Shareholding via On-Market Purchase
May 12, 2026
Freelancer Limited has disclosed a change in director Robert Matthew Barrie’s indirect interest, with entities he controls acquiring 200,000 fully paid ordinary shares via an on‑market trade at $0.14 per share. Following the transactio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.