Fiverr International (FVRR) AI Stock Analysis

• Market Cap: $407.72M
• Dividend Yield: N/A
• Average Volume (3M): 1.70M
• Price to Earnings (P/E): 19.6
• Beta (1Y): 1.01
• Revenue Growth: 12.68%
• EPS Growth: 133.00%
• Country: US
• Employees: 762
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 0.86
• Shares Outstanding: 36,864,433
• 10 Day Avg. Volume: 2,659,282
• 30 Day Avg. Volume: 1,704,207
• PEG Ratio: 1.86
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 6.90
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 0.66
• Enterprise Value/Gross Profit: 0.82
• Enterprise Value/Ebitda: 14.05
• 1Y Price Target: $16.38
• Price Target Upside: 48.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 2.99
• Revenue Forecast (FY): $456.80M

• Rating: 64 Neutral
• Price Target: $13.00 ▲(17.54% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

Score is supported most by improved financial fundamentals (profitability, cash generation, and sharply stronger balance sheet). It is held back by weak technical trend/momentum and a cautious near-term outlook from guidance despite solid margins; valuation is moderate but not a clear bargain without clearer re-acceleration.

Positive Factors

High Gross Margins & Profitability

Sustained very high gross margins and multi-year net profitability provide durable unit economics that support reinvestment and margin resilience. This structural margin cushion helps the marketplace absorb investments in AI, product re‑architecture, and higher customer acquisition costs without destroying core profitability.

Strengthened Balance Sheet & Liquidity

Near-zero leverage after a large debt repayment and a six‑figure cash buffer give the company financial flexibility. This enables opportunistic M&A, funding of multi‑quarter transformation investments, and disciplined capital returns without forcing dilutive financing or abrupt cuts to strategic programs.

Upmarket Shift & Better Monetization

Acceleration in high‑value transactions and rising spend per buyer indicate the marketplace is moving toward larger, stickier engagements. An upmarket tilt increases average order value, raises take‑rate potential via Services/Pro offerings, and reduces reliance on commoditized, low‑margin gigs for long‑term revenue durability.

Negative Factors

Thin, Volatile Operating Profitability

Despite strong gross margins, operating profitability has limited cushion and has fluctuated materially. Breakeven operating income means small top‑line shocks or increased investment cadence can quickly swing results, constraining the company’s ability to consistently fund growth and raising execution risk over the medium term.

Free Cash Flow Variability

Inconsistent free cash flow conversion undermines predictability of internal funding for transformation, buybacks, or acquisitions. Variability in FCF reduces operating leverage benefits, forces careful capital allocation, and increases sensitivity to one‑time items or seasonal cash swings over the next several quarters.

Structural Risk from AI on Low‑Skill Categories

AI substitution materially pressures large swaths of lower‑value marketplace volume. Management’s intentional deprioritization of low‑end transactions to pivot upmarket reduces short‑term revenue and increases execution risk: the firm must successfully migrate buyers/sellers to higher‑value work to sustain long‑term growth.

Fiverr International Business Overview & Revenue Model

Company Description

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle. It also offers Fiverr Workspace, which provides freelancers a software solution to manage invoicing, contracts, time tracking, and organizing workflow; Fiverr Learn and CreativeLive that offers learning and development offerings for freelancers; ClearVoice, a subscription based content marketing platform; and Stoke Talent, a freelancer management system. In addition, the company provides back office and creative talent platforms. Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses. The company was incorporated in 2010 and is headquartered in Tel Aviv-Yafo, Israel.

How the Company Makes Money

Fiverr generates revenue primarily through a commission-based model, where it takes a percentage of each transaction made on its platform. When a freelancer completes a service for a buyer, Fiverr charges a service fee that ranges from 5% to 20%, depending on the total transaction amount. Additionally, Fiverr offers premium services such as Fiverr Pro, which features curated freelancers who meet specific quality standards for a higher fee. The company also generates revenue through subscription services, including Fiverr Business, which provides teams with access to a curated talent pool and additional management tools. Partnerships with various payment processors and platforms further enhance Fiverr's revenue capabilities by facilitating seamless transactions and expanding its reach in the global market.

Fiverr International Financial Statement Overview

Summary

Multi-year turnaround with strong ~80%+ gross margins, positive net income in 2023–2025, and improved cash generation. Balance sheet strength improved sharply with near-zero leverage after major debt reduction, but operating profitability remains thin/volatile and recent free-cash-flow growth variability adds durability risk.

Income Statement

Revenue has grown consistently from 2020–2025, with 2025 showing an unusually large acceleration in growth. Profitability has materially improved versus the 2020–2022 loss-making period, with positive net income in 2023–2025 and strong gross margins (~80%+). However, operating profitability remains thin: 2025 operating income is roughly breakeven (slightly negative), and margins have been volatile year-to-year, suggesting execution risk and limited cushion if growth slows.

Balance Sheet

Leverage has improved dramatically: total debt fell sharply in 2025 versus 2024, driving debt-to-equity down from elevated levels (~1.3–1.7 historically) to near-zero. Equity has also increased over time, supporting balance sheet resilience. The key watch-out is the significant year-to-year step-change in debt and total assets in 2025, which warrants attention to composition/one-offs, but overall the balance sheet trend is notably stronger than prior years.

Cash Flow

Cash generation is solid and improving in absolute dollars, with operating cash flow and free cash flow rising meaningfully in 2025 versus 2024. Free cash flow closely tracks reported earnings (roughly 1x), indicating earnings are converting into cash. The main weakness is recent free cash flow growth turning negative in 2025 (after being roughly flat in 2024), and cash flow coverage metrics have been inconsistent across years, pointing to some variability in underlying cash efficiency.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	430.91M	391.48M	361.38M	337.37M	297.66M
Gross Profit	347.75M	320.92M	299.53M	271.42M	245.94M
EBITDA	13.52M	24.92M	13.58M	-51.81M	-37.81M
Net Income	20.98M	18.25M	3.68M	-71.49M	-65.01M
Balance Sheet
Total Assets	683.11M	1.07B	1.02B	923.80M	931.57M
Cash, Cash Equivalents and Short-Term Investments	286.33M	567.26M	417.37M	462.05M	323.30M
Total Debt	4.96M	463.21M	462.36M	462.17M	387.88M
Total Liabilities	271.12M	707.32M	667.83M	658.07M	584.70M
Stockholders Equity	411.98M	362.65M	355.77M	265.73M	346.87M
Cash Flow
Free Cash Flow	103.94M	81.77M	82.07M	27.74M	35.46M
Operating Cash Flow	104.59M	83.07M	83.19M	30.11M	38.04M
Investing Cash Flow	378.61M	-28.82M	9.78M	-14.62M	-229.47M
Financing Cash Flow	-491.80M	-104.22M	2.85M	-1.64M	-2.40M

Fiverr International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FVRR, the sentiment is Negative. The current price of 11.06 is below the 20-day moving average (MA) of 14.54, below the 50-day MA of 17.08, and below the 200-day MA of 23.24, indicating a bearish trend. The MACD of -1.71 indicates Positive momentum. The RSI at 23.90 is Positive, neither overbought nor oversold. The STOCH value of 16.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FVRR.

Fiverr International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVER	74 Outperform	$557.32M	5.87	53.19%	―	57.83%	293.63%
YELP	71 Outperform	$1.22B	8.77	20.02%	―	5.35%	33.74%
SSTK	65 Neutral	$561.28M	12.38	8.28%	7.14%	13.06%	66.19%
FVRR	64 Neutral	$407.72M	19.57	5.42%	―	12.68%	133.00%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
ANGI	60 Neutral	$322.04M	8.61	4.40%	―	-13.14%	17.25%
NXDR	51 Neutral	$651.53M	―	-12.25%	―	6.65%	50.32%

Fiverr International Corporate Events

Fiverr Posts Record 2025 Profitability as It Accelerates AI‑Driven Upmarket Shift

Fiverr International Ltd., which operates a global online marketplace for freelance and professional digital services, is increasingly orienting its platform toward higher‑value, complex projects and AI‑enabled matching. The company’s model blends marketplace revenue with a fast‑growing services segment as it targets larger enterprise‑grade engagements and positions itself as an AI‑native bridge between businesses and human talent.

On February 18, 2026, Fiverr reported fourth‑quarter and full‑year 2025 results showing 10.1% annual revenue growth to $430.9 million and a record 21.3% adjusted EBITDA margin, driven by a 13.3% rise in spend per buyer and strong growth in big‑ticket transactions despite a 13.6% decline in active buyers. Management highlighted a multi‑year transformation plan, launched after a September restructuring, to scale trust, quality and AI‑native capabilities and reset expectations around a near‑term investment phase, while a leadership realignment will see President and CFO Ofer Katz focus on long‑term strategy as the company targets accelerated growth and value creation from 2027 onward.

The most recent analyst rating on (FVRR) stock is a Hold with a $17.50 price target. To see the full list of analyst forecasts on Fiverr International stock, see the FVRR Stock Forecast page.