Fiverr International Ltd Financials
Fiverr International Ltd (FVRR) reported $430.9M in revenue for fiscal year 2025, up 10.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
An asset-light revenue model is increasingly converting incremental sales into cash, even before operating profit fully turns positive.
Across the last three fiscal years, gross margin held near82% , which means the underlying economics stayed remarkably stable as revenue expanded. At the same time, free cash flow margin rose from22.7% to24.1% , implying growth required very little incremental capital and a larger share of sales was turning into spendable cash.
FY2025 operating cash flow of
Total liabilities fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Fiverr International Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fiverr International Ltd has an operating margin of -0.3%, meaning the company loses less than $1 on every $100 of revenue. This results in a profitability score of 34/100. This is up from -4.0% the prior year.
Fiverr International Ltd's revenue grew 10.1% year-over-year to $430.9M, a solid pace of expansion. This earns a growth score of 63/100.
Fiverr International Ltd has a moderate D/E ratio of 0.66. This balance of debt and equity financing earns a leverage score of 54/100.
Fiverr International Ltd's current ratio of 1.93 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
Fiverr International Ltd converts 24.1% of revenue into free cash flow ($103.9M). This strong cash generation earns a score of 90/100.
Fiverr International Ltd's ROE of 5.1% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 5.0% the prior year.
Fiverr International Ltd scores 0.99, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($333.6M) relative to total liabilities ($272.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Fiverr International Ltd passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fiverr International Ltd generates $4.98 in operating cash flow ($104.6M OCF vs $21.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Fiverr International Ltd reported an operating loss of $1.2M against $2.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Fiverr International Ltd generated $430.9M in revenue in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Fiverr International Ltd's EBITDA was $13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 353.0% from the prior year.
Fiverr International Ltd reported $21.0M in net income in fiscal year 2025. This represents an increase of 15.0% from the prior year.
Fiverr International Ltd earned $0.56 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Cash & Balance Sheet
Fiverr International Ltd generated $103.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 27.1% from the prior year.
Fiverr International Ltd held $125.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Fiverr International Ltd's gross margin was 81.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Fiverr International Ltd's operating margin was -0.3% in fiscal year 2025, reflecting core business profitability. This is up 3.8 percentage points from the prior year.
Fiverr International Ltd's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Fiverr International Ltd's ROE was 5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Capital Allocation
Fiverr International Ltd invested $90.7M in research and development in fiscal year 2025. This represents an increase of 0.5% from the prior year.
Fiverr International Ltd spent $32.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 67.5% from the prior year.
Fiverr International Ltd invested $647K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 50.3% from the prior year.
FVRR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $430.9M+10.1% | $391.5M+8.3% | $361.4M+7.1% | $337.4M+13.3% | $297.7M+57.1% | $189.5M+77.0% | $107.1M+41.8% | $75.5M+44.9% | $52.1M |
| Cost of Revenue | $79.4M+12.5% | $70.6M+14.1% | $61.8M-6.2% | $65.9M+27.5% | $51.7M+55.8% | $33.2M+49.3% | $22.2M+42.3% | $15.6M+16.9% | $13.4M |
| Gross Profit | $351.5M+9.5% | $320.9M+7.1% | $299.5M+10.4% | $271.4M+10.4% | $245.9M+57.3% | $156.3M+84.2% | $84.8M+41.7% | $59.9M+54.5% | $38.8M |
| R&D Expenses | $90.7M+0.5% | $90.2M-0.5% | $90.7M-2.0% | $92.6M+16.7% | $79.3M+73.4% | $45.7M+32.6% | $34.5M+32.4% | $26.0M+62.0% | $16.1M |
| SG&A Expenses | $85.3M+14.1% | $74.8M+19.3% | $62.7M+22.6% | $51.2M-2.8% | $52.6M+87.7% | $28.0M+25.3% | $22.4M+8.6% | $20.6M+144.4% | $8.4M |
| Operating Income | -$1.2M+92.6% | -$15.8M-4.7% | -$15.1M+79.7% | -$74.5M-64.4% | -$45.3M-283.9% | -$11.8M+66.0% | -$34.8M+4.7% | -$36.5M-86.8% | -$19.5M |
| Interest Expense | $2.1M-16.2% | $2.6M+0.6% | $2.5M+0.6% | $2.5M-87.4% | $20.0M+396.3% | $4.0M | N/A | N/A | N/A |
| Income Tax | $2.4M+138.3% | -$6.4M-563.1% | $1.4M+138.0% | $577K+262.9% | $159K-20.5% | $200K+25.0% | $160K | N/A | $294K |
| Net Income | $21.0M+15.0% | $18.2M+395.7% | $3.7M+105.1% | -$71.5M-10.0% | -$65.0M-339.0% | -$14.8M+55.8% | -$33.5M+7.0% | -$36.1M-86.6% | -$19.3M |
| EPS (Diluted) | $0.56+16.7% | $0.48+433.3% | $0.09+104.6% | -$1.94-7.2% | -$1.81-293.5% | -$0.46 | N/A | N/A | N/A |
FVRR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $684.6M-36.0% | $1.1B+4.5% | $1.0B+10.8% | $923.8M-0.8% | $931.6M+8.2% | $861.2M+264.4% | $236.4M+112.9% | $111.0M | N/A |
| Current Assets | $480.6M-36.4% | $756.1M+27.2% | $594.5M-4.9% | $625.2M+33.5% | $468.2M-20.8% | $591.1M+215.9% | $187.1M+93.3% | $96.8M | N/A |
| Cash & Equivalents | $125.2M-6.2% | $133.5M-27.3% | $183.7M+111.7% | $86.8M+21.9% | $71.2M-73.5% | $268.0M+1008.9% | $24.2M-56.8% | $56.0M+100.8% | $27.9M |
| Goodwill | $126.3M+14.6% | $110.2M+42.6% | $77.3M0.0% | $77.3M0.0% | $77.3M+587.5% | $11.2M0.0% | $11.2M+713.9% | $1.4M | N/A |
| Total Liabilities | $272.6M-61.5% | $707.3M+5.9% | $667.8M+1.5% | $658.1M+12.5% | $584.7M+13.4% | $515.8M+489.1% | $87.6M+53.4% | $57.1M | N/A |
| Current Liabilities | $248.9M-63.7% | $684.9M+233.4% | $205.4M+4.2% | $197.1M+4.3% | $189.0M+29.6% | $145.9M+78.0% | $81.9M+52.4% | $53.8M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0-100.0% | $2.1M-15.3% | $2.5M-9.2% | $2.8M | N/A |
| Total Equity | $412.0M+13.6% | $362.6M+1.9% | $355.8M+33.9% | $265.7M-23.4% | $346.9M+0.4% | $345.4M+132.1% | $148.8M+175.7% | $54.0M+133.7% | $23.1M |
| Retained Earnings | -$377.7M-3.2% | -$366.2M-28.8% | -$284.4M+1.3% | -$288.0M-21.2% | -$237.6M-37.7% | -$172.6M-9.4% | -$157.8M-27.6% | -$123.6M | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
FVRR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $104.6M+25.9% | $83.1M-0.1% | $83.2M+176.3% | $30.1M-20.8% | $38.0M+122.0% | $17.1M+222.9% | -$13.9M+73.0% | -$51.7M-881.9% | -$5.3M |
| Capital Expenditures | $647K-50.3% | $1.3M+23.7% | $1.1M-12.1% | $1.2M-28.9% | $1.7M-19.6% | $2.1M+106.1% | $1.0M+32.5% | $767K-65.1% | $2.2M |
| Free Cash Flow | $103.9M+27.1% | $81.8M-0.4% | $82.1M+184.1% | $28.9M-20.5% | $36.4M+141.7% | $15.0M+200.5% | -$15.0M+71.5% | -$52.4M-602.9% | -$7.5M |
| Investing Cash Flow | $378.6M+1413.8% | -$28.8M-394.8% | $9.8M+166.8% | -$14.6M+93.6% | -$229.5M+29.7% | -$326.4M-139.8% | -$136.1M-622.0% | $26.1M+412.8% | $5.1M |
| Financing Cash Flow | -$491.8M-371.9% | -$104.2M-3754.3% | $2.9M+274.2% | -$1.6M+31.7% | -$2.4M-100.4% | $551.8M+367.7% | $118.0M+119.0% | $53.9M+4200.7% | $1.3M |
| Share Buybacks | $32.5M-67.5% | $100.1M | $0 | $0 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
FVRR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.6%-0.4pp | 82.0%-0.9pp | 82.9%+2.4pp | 80.5%-2.2pp | 82.6%+0.1pp | 82.5%+3.2pp | 79.2%-0.1pp | 79.3%+4.9pp | 74.4% |
| Operating Margin | -0.3%+3.8pp | -4.0%+0.1pp | -4.2%+17.9pp | -22.1%-6.9pp | -15.2%-9.0pp | -6.2%+26.2pp | -32.5%+15.8pp | -48.3%-10.8pp | -37.5% |
| Net Margin | 4.9%+0.2pp | 4.7%+3.6pp | 1.0%+22.2pp | -21.2%+0.7pp | -21.8%-14.0pp | -7.8%+23.5pp | -31.3%+16.4pp | -47.8%-10.7pp | -37.1% |
| Return on Equity | 5.1%+0.1pp | 5.0%+4.0pp | 1.0%+27.9pp | -26.9%-8.2pp | -18.7%-14.5pp | -4.3%+18.3pp | -22.5%+44.3pp | -66.8%+16.8pp | -83.7% |
| Return on Assets | 3.1%+1.3pp | 1.7%+1.4pp | 0.4%+8.1pp | -7.7%-0.8pp | -7.0%-5.3pp | -1.7%+12.5pp | -14.2%+18.3pp | -32.5% | N/A |
| Current Ratio | 1.93+0.8x | 1.10-1.8x | 2.89-0.3x | 3.17+0.7x | 2.48-1.6x | 4.05+1.8x | 2.28+0.5x | 1.80 | N/A |
| Debt-to-Equity | 0.66-1.3x | 1.95+0.1x | 1.88-0.6x | 2.48+2.5x | 0.000.0x | 0.010.0x | 0.020.0x | 0.05 | N/A |
| FCF Margin | 24.1%+3.2pp | 20.9%-1.8pp | 22.7%+14.2pp | 8.6%-3.6pp | 12.2%+4.3pp | 7.9%+21.9pp | -14.0%+55.5pp | -69.5%-55.1pp | -14.3% |
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Where Fiverr International Ltd Ranks
Frequently Asked Questions
What is Fiverr International Ltd's annual revenue?
Fiverr International Ltd (FVRR) reported $430.9M in total revenue for fiscal year 2025. This represents a 10.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fiverr International Ltd's revenue growing?
Fiverr International Ltd (FVRR) revenue grew by 10.1% year-over-year, from $391.5M to $430.9M in fiscal year 2025.
Is Fiverr International Ltd profitable?
Yes, Fiverr International Ltd (FVRR) reported a net income of $21.0M in fiscal year 2025, with a net profit margin of 4.9%.
What is Fiverr International Ltd's EBITDA?
Fiverr International Ltd (FVRR) had EBITDA of $13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Fiverr International Ltd's gross margin?
Fiverr International Ltd (FVRR) had a gross margin of 81.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fiverr International Ltd's operating margin?
Fiverr International Ltd (FVRR) had an operating margin of -0.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fiverr International Ltd's net profit margin?
Fiverr International Ltd (FVRR) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Fiverr International Ltd's return on equity (ROE)?
Fiverr International Ltd (FVRR) has a return on equity of 5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fiverr International Ltd's free cash flow?
Fiverr International Ltd (FVRR) generated $103.9M in free cash flow during fiscal year 2025. This represents a 27.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fiverr International Ltd's operating cash flow?
Fiverr International Ltd (FVRR) generated $104.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fiverr International Ltd's total assets?
Fiverr International Ltd (FVRR) had $684.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fiverr International Ltd's capital expenditures?
Fiverr International Ltd (FVRR) invested $647K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Fiverr International Ltd spend on research and development?
Fiverr International Ltd (FVRR) invested $90.7M in research and development during fiscal year 2025.
What is Fiverr International Ltd's current ratio?
Fiverr International Ltd (FVRR) had a current ratio of 1.93 as of fiscal year 2025, which is generally considered healthy.
What is Fiverr International Ltd's debt-to-equity ratio?
Fiverr International Ltd (FVRR) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fiverr International Ltd's return on assets (ROA)?
Fiverr International Ltd (FVRR) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fiverr International Ltd's Altman Z-Score?
Fiverr International Ltd (FVRR) has an Altman Z-Score of 0.99, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fiverr International Ltd's Piotroski F-Score?
Fiverr International Ltd (FVRR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fiverr International Ltd's earnings high quality?
Fiverr International Ltd (FVRR) has an earnings quality ratio of 4.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fiverr International Ltd cover its interest payments?
Fiverr International Ltd (FVRR) reported an operating loss of $1.2M against $2.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fiverr International Ltd?
Fiverr International Ltd (FVRR) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.