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Fiverr International
(NYSE:FVRR)
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Rating:58Neutral
Price Target:
$9.50
▼(-9.18% Downside)
Action:Reiterated
Date:07/30/26
The score is held up by improved financial quality (profitability, strong gross margins, consistent free cash flow, and a stronger low-debt balance sheet), but is weighed down by weak near-term outlook and operating trends from the earnings call (sharp revenue decline guidance and falling active buyers) and a bearish technical setup with the stock trading below all key moving averages. Valuation is reasonable on P/E, but lacks dividend support and is moderated by the current growth slowdown.
Positive Factors
High gross margins & profitability
Sustained ~80%+ gross margins and a positive net margin (TTM ≈6.7%) indicate durable unit economics for the marketplace. Strong gross margins provide a long-term buffer to fund product, matching and AI investments while still allowing operating leverage if revenue stabilizes or returns to growth.
Negative Factors
Slowing revenue momentum
Recent declines in revenue and TTM top-line momentum signal structural pressure on gross merchandise value and buyer activity. Prolonged revenue contraction can erode operating leverage, reduce reinvestment capacity, and make it harder to convert gross-margin strength into durable earnings growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins & profitability
Sustained ~80%+ gross margins and a positive net margin (TTM ≈6.7%) indicate durable unit economics for the marketplace. Strong gross margins provide a long-term buffer to fund product, matching and AI investments while still allowing operating leverage if revenue stabilizes or returns to growth.
Read all positive factors
Fiverr International Key Performance Indicators (KPIs)
Any
Take Rate
Indicates the percentage of each transaction that Fiverr retains, reflecting its pricing power and efficiency in monetizing its platform.
Indicates the percentage of each transaction that Fiverr retains, reflecting its pricing power and efficiency in monetizing its platform.
Data provided by:
The Fly
The FlyFiverr International (FVRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$321.04M
Dividend YieldN/A
Average Volume (3M)677.42K
Price to Earnings (P/E)10.8
Beta (1Y)1.00
Revenue Growth-0.18%
EPS Growth63.89%
CountryUS
Employees528
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.83
Shares Outstanding35,950,730
10 Day Avg. Volume609,535
30 Day Avg. Volume677,418
Financial Highlights & Ratios
PEG Ratio1.85
Price to Book (P/B)1.74
Price to Sales (P/S)1.66
P/FCF Ratio6.90
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$11.03Price Target Upside5.45% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)2.04
Revenue Forecast (FY)$395.08M
Fiverr International Business Overview & Revenue Model
Company Description
Fiverr International Ltd. runs a global digital marketplace that connects service providers with clients seeking their expertise. This expansive platform hosts nearly 550 distinct service categories, organized into nine key verticals such as graph...
How the Company Makes Money
Fiverr primarily makes money by taking a transaction-based “take rate” from activity on its marketplace. Revenue is largely generated from (1) marketplace fees tied to the purchase of freelance services, including a buyer-side service fee charged ...
Fiverr International Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: solid progress on strategic initiatives (upmarket demand growth, AI services traction, improved matching/fulfillment metrics, positive adjusted EBITDA and a strong cash balance) but significant near-term headwinds (declining overall revenue, fewer active buyers, decelerating services revenue, and reduced guidance driven by LLM-related traffic loss). Management emphasizes disciplined execution and a multi-quarter transition to higher-value work.Positive Updates
Growth in High-Value Projects
Projects at or above $1,000 represented 15% of completed-project gross order amount (TTM) and clients completing >$1,000 projects grew 13% year-over-year (TTM); Programming & Tech and Graphics & Design >$1,000 projects grew over 25% YoY (TTM).
Negative Updates
Revenue Decline
Q2 revenue was $97.8 million, down 10% year-over-year driven by declines in low-value transactional work.
Read all updates
Q2-2026 Updates
Positive
Negative
Growth in High-Value Projects
Projects at or above $1,000 represented 15% of completed-project gross order amount (TTM) and clients completing >$1,000 projects grew 13% year-over-year (TTM); Programming & Tech and Graphics & Design >$1,000 projects grew over 25% YoY (TTM).
Read all positive updates
Company Guidance
Fiverr guided Q3 2026 revenue of $80–88M (YoY -26% to -18%) and adjusted EBITDA of $8–12M (≈11.9% margin at the midpoint), and full‑year 2026 revenue of $356–372M (YoY -17% to -14%) with adjusted EBITDA of $52–62M (15.7% margin at the midpoint), while saying the marketplace transformation will take at least six quarters and full‑year free cash flow will be lower than the prior two years; the company finished Q2 with $308.5M of cash and investments and generated $13.6M of free cash flow. For context, Q2 results used in the outlook were: revenue $97.8M (down 10% YoY), adjusted EBITDA $17.5M (down 18.3%) with a 17.9% margin (‑180 bps), marketplace revenue $63.1M (down 15.5%), 2.7M active buyers (down 22% YoY), $368 spend per buyer (up 15% YoY), 28% marketplace take rate, services revenue $34.6M (up 2%, 35% of total), transactional volume down ≥10% YoY for most projects under $1,000, projects ≥$1,000 = 15% of completed‑project GOM TTM, and $1,000+ projects growing TTM (overall +13%; programming & tech +34%; graphics & design +25%).Fiverr International Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 418.35M | 430.91M | 391.48M | 361.38M | 337.37M | 297.66M |
| Gross Profit | 343.03M | 351.49M | 320.92M | 299.53M | 271.42M | 245.94M |
| EBITDA | 67.55M | 40.25M | 24.92M | 13.58M | -51.81M | -37.81M |
| Net Income | 30.03M | 20.98M | 18.25M | 3.68M | -71.49M | -65.01M |
Balance Sheet | ||||||
| Total Assets | 700.74M | 683.11M | 1.07B | 1.02B | 923.80M | 931.57M |
| Cash, Cash Equivalents and Short-Term Investments | 250.29M | 286.33M | 567.26M | 417.37M | 462.05M | 323.30M |
| Total Debt | 2.68M | 4.96M | 463.21M | 462.36M | 462.17M | 387.88M |
| Total Liabilities | 263.48M | 271.12M | 707.32M | 667.83M | 658.07M | 584.70M |
| Stockholders Equity | 437.26M | 411.98M | 362.65M | 355.77M | 265.73M | 346.87M |
Cash Flow | ||||||
| Free Cash Flow | 91.60M | 103.94M | 81.77M | 82.07M | 27.74M | 35.46M |
| Operating Cash Flow | 92.18M | 104.59M | 83.07M | 83.19M | 30.11M | 38.04M |
| Investing Cash Flow | 279.49M | 378.61M | -28.82M | 9.78M | -14.62M | -229.47M |
| Financing Cash Flow | -535.46M | -491.80M | -104.22M | 2.85M | -1.64M | -2.40M |
Fiverr International Technical Analysis
Negative
10.46
Price Trends
10.56
Negative
10.59
Negative
14.44
Negative
Market Momentum
-0.32
Positive
41.43
Neutral
14.62
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 10.46 is below the 20-day moving average (MA) of 10.69, below the 50-day MA of 10.56, and below the 200-day MA of 14.44, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 41.43 is Neutral, neither overbought nor oversold. The STOCH value of 14.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FVRR.
Fiverr International Risk Analysis
Fiverr International disclosed 1 risk factors in its most recent earnings report. Fiverr International reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fiverr International Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $892.11M | 8.30 | 53.39% | ― | 24.49% | 181.60% | |
75 Outperform | $1.45B | 11.85 | 19.70% | ― | 2.09% | 4.03% | |
64 Neutral | $846.68M | -19.65 | -10.32% | ― | 6.78% | 52.54% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $321.04M | 10.76 | 7.20% | ― | -0.18% | 63.89% | |
54 Neutral | $229.34M | 12.60 | 2.06% | ― | -9.14% | -60.63% | |
51 Neutral | $198.39M | -9.47 | -3.62% | 24.73% | -1.77% | -152.61% |
* Communication Services Sector Average
FVRR
Fiverr International
9.46
-12.51
-56.94%
ANGI
Angi
5.93
-10.36
-63.60%
YELP
Yelp
26.81
-7.09
-20.91%
SSTK
Shutterstock
6.06
-12.46
-67.27%
EVER
EverQuote
24.10
-1.66
-6.44%
NXDR
Nextdoor Holdings
2.27
0.53
30.46%
Fiverr International Corporate Events
Fiverr Cuts 2026 Outlook as AI Pushes Marketplace Upmarket
Jul 29, 2026
Fiverr International reported second quarter 2026 results on July 29, highlighting a challenging phase in its marketplace as rapid AI adoption erodes demand for low-value, transactional tasks. Revenue fell 10% year on year to $97.8 million, market...
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.