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Fiverr International (FVRR)
NYSE:FVRR
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Fiverr International
(NYSE:FVRR)
76Outperform
Positive Factors
Market Expansion
Fiverr's shift upmarket has resulted in an increase in annual spend per buyer, indicating attraction of high-value buyers.
Product Innovation
The introduction of newer products like Dynamic Matching is driving a 3-4x greater conversion rate and improving job matching efficiency.
Strategic Investments
Fiverr is strategically investing in upmarket, complex services, and AI to drive growth.
Negative Factors
Operating Challenges
The operating backdrop remains challenging, impacting the company's marketplace revenue.
Stock Decline Factors
The muted GMV outlook and modest EBITDA flow through were key reasons for the stock's decline.
Volatility Concerns
Volatility in SMB spend on the platform is expected over the next few quarters.
Fiverr International (FVRR) vs. S&P 500 (SPY)
Market Cap
$962.01M
Dividend YieldN/A
Average Volume (3M)474.16K
Price to Earnings (P/E)56.9
Beta (1Y)1.28
Revenue Growth10.41%
EPS Growth122.27%
CountryUS
Employees762
SectorCommunication Services
Sector Strength84
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.64
Shares Outstanding35,909,225
10 Day Avg. Volume450,893
30 Day Avg. Volume474,161
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.18
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.52
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$35.00Price Target Upside20.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Fiverr International Business Overview & Revenue Model
Company DescriptionFiverr International Ltd. is an online marketplace that connects freelancers and businesses for digital services. Established in 2010, the company operates across various sectors, including graphic design, digital marketing, writing, video editing, and programming. Fiverr provides a platform for freelancers to offer their services as 'Gigs' to clients worldwide, thereby facilitating a wide range of professional services and creative solutions.
How the Company Makes MoneyFiverr makes money primarily through transaction and service fees charged on its platform. When a freelancer completes a job for a client, Fiverr takes a percentage of the transaction value as a commission. This fee structure includes a 20% commission from the freelancer's earnings and a service fee from the buyer. Additionally, Fiverr offers subscription-based services like Fiverr Business and Fiverr Pro, which provide enhanced features and services for a monthly fee. The company also generates revenue from its 'Promoted Gigs' feature, allowing freelancers to pay for better visibility on the platform. Key partnerships and integrations with other digital platforms also contribute to its revenue by expanding its reach and service capabilities.
Fiverr International Key Performance Indicators (KPIs)
Any
Buyers
Tracks the number of active buyers on the platform, highlighting user growth and market penetration, which are crucial for revenue expansion and competitive positioning.
Tracks the number of active buyers on the platform, highlighting user growth and market penetration, which are crucial for revenue expansion and competitive positioning.
Data provided by:
Main Street Data
Main Street DataFiverr International Financial Statement Overview
Summary
Fiverr International showcases robust revenue growth and improving profitability metrics, with strong cash flow generation supporting its operations. The balance sheet presents a balanced leverage situation, though there is potential for improved return on equity. Despite challenges in achieving consistent EBIT profitability, the overall financial health of Fiverr is solid, with a promising trajectory in terms of revenue and cash flow management.Income Statement
Fiverr International has demonstrated consistent revenue growth with a notable increase from $361.4M in 2023 to $391.5M in 2024, reflecting a growth rate of 8.34%. The gross profit margin is strong at 81.97%. Despite the negative EBIT margin of -4.04%, the company has improved its net income, resulting in a positive net profit margin of 4.66% in 2024. EBITDA margin also shows positive signs at 5.71%. The ongoing challenge remains achieving consistent EBIT profitability.―
Balance Sheet
Fiverr maintains a moderate debt-to-equity ratio of 1.28, indicating a balanced leverage situation. The equity ratio stands at 33.90%, suggesting a stable asset base supported by equity. Return on equity is modest at 5.03%, reflecting moderate efficiency in utilizing shareholder funds. Overall, the balance sheet shows stability, but there is room for improving equity efficiency.70
Cash Flow
The company exhibits strong cash flow generation, with operating cash flow of $83.1M substantially exceeding net income, resulting in an excellent operating cash flow to net income ratio of 4.55. Free cash flow remains robust at $81.8M, with a slight decline in growth rate compared to the previous year. The free cash flow to net income ratio is high at 4.48, indicating effective cash management. Overall, Fiverr's cash flow position is strong and supportive of its operations.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 391.48M | 361.38M | 337.37M | 297.66M | 189.51M | Gross Profit |
| 320.92M | 299.53M | 271.42M | 245.94M | 156.32M | EBIT |
| -15.82M | -15.11M | -46.91M | -45.34M | -11.81M | EBITDA |
| 22.36M | 13.77M | -57.60M | -38.46M | -5.87M | Net Income Common Stockholders |
| 18.25M | 3.68M | -71.49M | -65.01M | -14.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 568.58M | 417.37M | 462.05M | 323.30M | 487.40M | Total Assets |
| 1.07B | 1.02B | 923.80M | 931.57M | 861.20M | Total Debt |
| 463.21M | 462.36M | 463.73M | 400.98M | 373.80M | Net Debt |
| 328.43M | 278.68M | 376.98M | 329.83M | 105.77M | Total Liabilities |
| 707.32M | 667.83M | 658.07M | 584.70M | 515.80M | Stockholders Equity |
| 362.65M | 355.77M | 265.73M | 346.87M | 345.40M |
| Cash Flow | Free Cash Flow | |||
| 81.77M | 82.07M | 27.74M | 35.46M | 13.10M | Operating Cash Flow |
| 83.07M | 83.19M | 30.11M | 38.04M | 17.14M | Investing Cash Flow |
| -28.82M | 9.78M | -14.62M | -229.47M | -326.36M | Financing Cash Flow |
| -104.22M | 2.85M | -1.64M | -2.40M | 551.81M |
Fiverr International Technical Analysis
Positive
29.13
Price Trends
25.51
Positive
28.58
Positive
27.47
Positive
Market Momentum
0.74
Negative
67.75
Neutral
83.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FVRR, the sentiment is Positive. The current price of 29.13 is above the 20-day moving average (MA) of 26.02, above the 50-day MA of 25.51, and above the 200-day MA of 27.47, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 67.75 is Neutral, neither overbought nor oversold. The STOCH value of 83.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FVRR.
Fiverr International Risk Analysis
Fiverr International disclosed 65 risk factors in its most recent earnings report. Fiverr International reported the most risks in the “Finance & Corporate” 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
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $838.11M | 22.57 | 32.17% | ― | 113.43% | ― | |
80 Outperform | $1.54B | 23.61 | 9.18% | 4.54% | 26.71% | -23.67% | |
76 Outperform | $962.01M | 56.85 | 4.85% | ― | 10.41% | 122.27% | |
75 Outperform | $2.23B | 18.10 | 17.79% | ― | 5.61% | 37.61% | |
65 Neutral | $539.44M | 15.81 | 5.05% | ― | -16.79% | ― | |
60 Neutral | $13.74B | 7.25 | -2.74% | 3.81% | 2.21% | -37.97% | |
51 Neutral | $673.27M | 35.54 | -9999.00% | ― | -4.34% | 20.50% |
* Communication Services Sector Average
Performance Comparison
FVRR
Fiverr International
29.13
6.72
29.99%
ANGI
Angi
15.15
-10.35
-40.59%
GRPN
Groupon
24.21
13.71
130.57%
YELP
Yelp
35.74
-3.88
-9.79%
EVER
EverQuote
23.13
-0.60
-2.53%
OPRA
Opera
17.16
3.76
28.06%
Fiverr International Earnings Call Summary
Earnings Call Date:May 07, 2025
(Q1-2025)
| % Change Since: 8.73%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Positive
The earnings call reflected a strong start to 2025 with significant growth in key financial metrics and successful product launches. While the macroeconomic environment remains stable, Fiverr's strategic initiatives have led to robust growth in services revenue and successful large contracts in Fiverr Pro. The positive developments in Fiverr Go and raised guidance for 2025 contribute to an overall positive sentiment.Q1-2025 Updates
Positive Updates
Strong Q1 Revenue Growth
Fiverr's revenue for Q1 was $107.2 million, marking a 15% increase year-over-year and an acceleration from 13% year-over-year growth in Q4.
Adjusted EBITDA Improvement
Adjusted EBITDA for Q1 was $19.4 million with a margin of 18%, improving by 100 basis points from the previous year.
Record Free Cash Flow
Free cash flow totaled $27.4 million, representing a 31.6% increase year-over-year.
Significant Growth in Services Revenue
Services revenue reached $29.5 million, a 94% year-over-year growth, driven by Fiverr Ads, Seller Plus, and AutoDS.
Successful Large Deals in Fiverr Pro
Closed large deals, including a $200,000 engagement with a book publishing company and collaboration with an online education company transitioning its YouTube video production to Fiverr.
Encouraging Launch of Fiverr Go
Over 6,000 sellers activated Fiverr Go, and 200,000 buyers interacted with the product, showing strong early engagement and conversion improvement.
Raised Guidance for Full Year 2025
Updated guidance reflects confidence with expected revenue growth of 9% to 12% and adjusted EBITDA growth of up to 20% at the midpoint.
Negative Updates
Flat Macro Demand Environment
The macroeconomic environment remains stable without significant changes in freelancing demand, presenting challenges in achieving higher marketplace growth.
Company Guidance
During the Q1 2025 earnings call, Fiverr provided several key performance metrics and guidance updates. Revenue for the first quarter was reported at $107.2 million, marking a 15% year-over-year increase. The adjusted EBITDA was $19.4 million, with an adjusted EBITDA margin of 18%, showing a 100 basis point improvement from the previous year. The company generated a strong free cash flow of $27.4 million, up 31.6% year-over-year. Fiverr's marketplace revenue reached $77.7 million, supported by 3.5 million active buyers and a spend per buyer of $309. The marketplace take rate was 27.7%. Services revenue was $29.5 million, representing a significant year-over-year growth of 94%. For full-year 2025, Fiverr raised its revenue guidance to a range of $425 million to $438 million, translating to a year-over-year growth of 9% to 12%. Adjusted EBITDA for the year is projected to be between $84 million and $90 million, with an adjusted EBITDA margin of 20% at the midpoint. For Q2 2025, revenue is expected to be between $105 million and $109 million, with adjusted EBITDA ranging from $20 million to $22 million, maintaining a 20% margin at the midpoint. Fiverr also authorized an additional $100 million for its stock repurchase program, reflecting confidence in its long-term prospects.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.