Fiverr International (FVRR) AI Stock Analysis

• Market Cap: $637.02M
• Dividend Yield: N/A
• Average Volume (3M): 819.90K
• Price to Earnings (P/E): 29.5
• 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): 0.77
• Shares Outstanding: 36,864,433
• 10 Day Avg. Volume: 994,856
• 30 Day Avg. Volume: 819,902
• PEG Ratio: 0.16
• Price to Book (P/B): 3.24
• Price to Sales (P/S): 3.00
• P/FCF Ratio: 14.35
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 1.45
• Enterprise Value/Gross Profit: 1.79
• Enterprise Value/Ebitda: 15.53
• 1Y Price Target: $31.50
• Price Target Upside: 84.53% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 2.99
• Revenue Forecast (FY): $457.09M

• Rating: 64 Neutral
• Price Target: $19.50 ▲(14.24% Upside)

The score is driven primarily by solid financial performance (strong cash flow, high gross margins, improving profitability) and a generally positive earnings update with margin and strategic progress. These strengths are tempered by weak technicals (downtrend across moving averages, negative MACD) and a valuation that remains somewhat demanding (P/E ~31) without dividend support.

Positive Factors

High Gross Margins

Sustained gross margins above 80% reflect Fiverr's asset-light marketplace model and low direct cost base. High gross margins provide durable profit levers, enabling reinvestment into product, AI, and upmarket initiatives while insulating core profitability from moderate GMV fluctuations.

Strong Free Cash Flow Generation

Material free cash flow growth demonstrates effective cash conversion and operating leverage in the platform model. Reliable FCF supports reinvestment in AI, product development and M&A, reduces reliance on external financing, and underpins long-term financial flexibility.

Upmarket & AI-driven Revenue Mix

Rapid expansion in higher-value Services, Managed Services and AI use-cases shifts Fiverr toward larger, stickier engagements and higher average order values. This structural mix improvement can sustain revenue and margin expansion beyond low-end gig cycles if execution continues.

Negative Factors

Relatively High Leverage

Persistently elevated leverage increases financial risk in downturns, constraining capital allocation and raising interest burden variability. High debt levels can limit the company’s ability to invest aggressively in AI or absorb GMV weakness without pressuring liquidity or margins.

Slowing Revenue Growth

Decelerating top-line growth reflects marketplace maturation and intensifying competition. Without sustained upmarket adoption and new monetization levers, slower revenue trends could make margin improvements the primary driver of returns, raising execution risk for long-term growth targets.

Macro & SMB Demand Weakness

Prolonged SMB weakness and macro uncertainty can structurally reduce marketplace GMV and new buyer acquisition. Given Fiverr’s exposure to smaller-business spend, persistent softness would pressure long-term growth prospects and force reliance on fewer, higher-value segments to sustain revenue.

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

Fiverr International demonstrates solid financial health with strong cash flow and improving profitability. While revenue growth has slowed, the company maintains high gross margins. The balance sheet shows high leverage, which could be a concern if not managed properly. Overall, the company is on a positive trajectory but should focus on improving operational efficiency to enhance EBIT margins.

Income Statement

Fiverr International shows a strong gross profit margin consistently above 80%, indicating efficient cost management. The net profit margin has improved significantly from negative to positive, reflecting better profitability. Revenue growth is steady, albeit slower compared to earlier years, suggesting a maturing business. However, negative EBIT margins in recent periods highlight ongoing operational challenges.

Balance Sheet

The company's debt-to-equity ratio has improved but remains relatively high, indicating significant leverage. Return on equity has turned positive, showing improved profitability. The equity ratio is stable, suggesting a balanced asset structure. However, the high leverage could pose risks if not managed carefully.

Cash Flow

Fiverr's free cash flow has grown significantly, indicating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient cash conversion. The free cash flow to net income ratio is close to 1, reflecting effective cash management. Overall, cash flow metrics are robust and show positive trends.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	427.40M	391.48M	361.38M	337.37M	297.66M	189.51M
Gross Profit	345.77M	320.92M	299.53M	271.42M	245.94M	156.32M
EBITDA	39.89M	24.92M	13.58M	-51.81M	-37.81M	-6.24M
Net Income	22.36M	18.25M	3.68M	-71.49M	-65.01M	-14.81M
Balance Sheet
Total Assets	1.14B	1.07B	1.02B	923.80M	931.57M	861.20M
Cash, Cash Equivalents and Short-Term Investments	752.97M	567.26M	417.37M	462.05M	323.30M	487.40M
Total Debt	463.56M	463.21M	462.36M	462.17M	387.88M	371.91M
Total Liabilities	736.99M	707.32M	667.83M	658.07M	584.70M	515.80M
Stockholders Equity	398.65M	362.65M	355.77M	265.73M	346.87M	345.40M
Cash Flow
Free Cash Flow	113.78M	81.77M	82.07M	27.74M	35.46M	13.10M
Operating Cash Flow	116.53M	83.07M	83.19M	30.11M	38.04M	17.14M
Investing Cash Flow	329.11M	-28.82M	9.78M	-14.62M	-229.47M	-326.36M
Financing Cash Flow	-26.10M	-104.22M	2.85M	-1.64M	-2.40M	551.81M

Fiverr International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.07
• 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 17.07 is below the 20-day moving average (MA) of 19.20, below the 50-day MA of 20.26, and below the 200-day MA of 24.58, indicating a bearish trend. The MACD of -0.86 indicates Positive momentum. The RSI at 20.51 is Positive, neither overbought nor oversold. The STOCH value of 4.19 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
YELP	77 Outperform	$1.80B	12.86	20.37%	―	5.35%	33.74%
EVER	77 Outperform	$903.21M	17.57	36.81%	―	57.83%	293.63%
SSTK	73 Outperform	$664.94M	11.19	10.76%	7.14%	13.06%	66.19%
FVRR	64 Neutral	$637.02M	29.48	6.18%	―	12.68%	133.00%
ANGI	62 Neutral	$539.81M	17.19	3.42%	―	-13.14%	17.25%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
NXDR	58 Neutral	$752.85M	-12.08	-14.07%	―	6.65%	50.32%

Fiverr International Corporate Events

Fiverr Reports Strong Q3 2025 Financial Results Driven by AI and Service Expansion

On November 5, 2025, Fiverr International Ltd. announced its financial results for the third quarter of 2025, highlighting strong performance with revenue reaching $107.9 million, an 8.3% increase from the previous year. The company reported its highest-ever Adjusted EBITDA and margin, driven by growth in AI, upmarket services, and value-added offerings. Despite a decline in marketplace revenue and active buyers, Fiverr saw significant growth in services revenue and annual spend per buyer. The company is positioning itself for continued success in 2026 by investing in AI and expanding its service portfolio.

The most recent analyst rating on (FVRR) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Fiverr International stock, see the FVRR Stock Forecast page.