Fiverr International (FVRR)
NYSE:FVRR
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Fiverr International
(NYSE:FVRR)
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Rating:64Neutral
Price Target:
$11.00
▲(6.69% Upside)
Action:ReiteratedDate: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 ~80%+ gross margins and consecutive positive net income through 2023–2025 indicate a structurally high-margin marketplace. This margin profile provides a durable buffer to fund product investment and supports conversion of earnings into cash, strengthening long-term operating resilience.
Negative Factors
Near‑Term Revenue Contraction Risk
Management’s 2026 guidance points to an expected revenue decline as the company de-prioritizes low-end transactions while investing in transformation. Persistent top-line contraction would reduce scale benefits, pressure unit economics, and lengthen the time needed to fund strategic investments organically.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins & Profitability
Sustained ~80%+ gross margins and consecutive positive net income through 2023–2025 indicate a structurally high-margin marketplace. This margin profile provides a durable buffer to fund product investment and supports conversion of earnings into cash, strengthening long-term operating resilience.
Read all positive factors
Fiverr International (FVRR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$370.65M
Dividend YieldN/A
Average Volume (3M)856.36K
Price to Earnings (P/E)34.2
Beta (1Y)1.04
Revenue Growth12.68%
EPS Growth133.00%
CountryUS
Employees762
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.86
Shares Outstanding35,950,730
10 Day Avg. Volume586,455
30 Day Avg. Volume856,363
Financial Highlights & Ratios
PEG Ratio1.86
Price to Book (P/B)1.74
Price to Sales (P/S)1.66
P/FCF Ratio6.90
Enterprise Value/Market Cap0.67
Enterprise Value/Revenue0.57
Enterprise Value/Gross Profit0.71
Enterprise Value/Ebitda12.15
Forecast
1Y Price Target
$16.14Price Target Upside56.55% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)2.99
Revenue Forecast (FY)$403.90M
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 d...
How the Company Makes Money
Fiverr primarily makes money by charging fees on transactions that occur on its marketplace. Its core revenue stream is a take rate (platform revenue recognized from the total value of services transacted on the platform) that includes: (1) a buye...
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 Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: strong profitability, accelerating high-value GMV, improving buyer monetization, healthy cash flow and a disciplined balance sheet are clear positives. However, management signaled near-term revenue pressure and elevated guidance uncertainty as they intentionally deprioritize low-end transactions and invest to transform the platform for AI-native, high-value work. Additional headwinds include FX impacts and AI-driven declines in lower-skilled categories. Given strong financial discipline and a clear multi-year strategy but meaningful near-term revenue and volatility risks, the overall tone is balanced.Positive Updates
Full-Year Revenue and Profitability
Revenue for 2025 grew 10% year over year (accelerating from 8% in 2024). Adjusted EBITDA for full year 2025 reached $92,000,000, up 23% YoY, representing a 21% adjusted EBITDA margin.
Negative Updates
2026 Revenue Guidance Decline
Full-year 2026 revenue guidance of $380.0M–$420.0M implies a YoY change of negative 12% to negative 3%, signaling expected near-term revenue contraction versus 2025.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue and Profitability
Revenue for 2025 grew 10% year over year (accelerating from 8% in 2024). Adjusted EBITDA for full year 2025 reached $92,000,000, up 23% YoY, representing a 21% adjusted EBITDA margin.
Read all positive updates
Company Guidance
Fiverr guided 2026 revenue of $380M–$420M (down 12% to 3% YoY) and adjusted EBITDA of $60M–$80M (about an 18% adjusted EBITDA margin at the midpoint), and for Q1 2026 it expects revenue of $101M–$108M (−7% to +1% YoY) with adjusted EBITDA of $19M–$23M (≈20% margin at the midpoint); management warned the wider-than-normal revenue ranges reflect elevated uncertainty and intentional deprioritization of low-end transactions, expects roughly a 200‑basis‑point EBITDA headwind in 2026 from transformational investments (plus an FX headwind of >$10M on EBITDA guidance), while reiterating the core marketplace structural profitability should stay north of 20%—noting as context Q4 2025 results of $107.2M revenue, $26.5M adjusted EBITDA (25% margin), $21.8M free cash flow, about $300M cash on hand, full repayment of a $460M convertible note, and $67.5M remaining on the buyback authorization.Fiverr International Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| 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
Neutral
10.31
Price Trends
11.86
Negative
15.65
Negative
19.86
Negative
Market Momentum
-0.45
Negative
42.68
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FVRR, the sentiment is Neutral. The current price of 10.31 is above the 20-day moving average (MA) of 10.20, below the 50-day MA of 11.86, and below the 200-day MA of 19.86, indicating a neutral trend. The MACD of -0.45 indicates Negative momentum. The RSI at 42.68 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $572.15M | 9.83 | 54.21% | ― | 57.83% | 293.63% | |
71 Outperform | $1.52B | 13.22 | 19.96% | ― | 5.35% | 33.74% | |
65 Neutral | $592.56M | 14.82 | 7.88% | 7.14% | 13.06% | 66.19% | |
64 Neutral | $370.65M | 34.17 | 5.27% | ― | 12.68% | 133.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $274.72M | 13.76 | 4.41% | ― | -13.14% | 17.25% | |
51 Neutral | $531.18M | -14.97 | -12.56% | ― | 6.65% | 50.32% |
* Communication Services Sector Average
FVRR
Fiverr International
10.31
-14.37
-58.23%
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Fiverr International Corporate Events
Fiverr Posts Record 2025 Profitability as It Accelerates AI‑Driven Upmarket Shift
Feb 18, 2026
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...
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.