Fiverr International Ltd.
FVRR NYSE Services-Business Services, Nec Financials FY2017โFY2025
Revenue
Total sales reported in the income statement.
$431M
10.1%
vs prior year
Operating margin
Operating income as a share of revenue.
โ0.3%
3.8ย pts
Net income
Profit after all expenses, interest and tax.
$21.0M
15.0%
Free cash flow
Cash from operations minus capital spending.
$104M
27.1%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On $0.56 EPS (TTM)
What Fiverr International Ltd. does
No business description yet.
- Legal name
- Fiverr International Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 12, 2026
- Accession ยท CIK
- 0001178913-26-000858
0001762301
Revenue and margins
Fiverr International Ltd. had $431M of revenue in fiscal 2025, up 10.1% on the year before.
FY17
Revenue $52.1M
FY18
Revenue $75.5M
FY19
Revenue $107M
FY20
Revenue $190M
FY21
Revenue $298M
FY22
Revenue $337M
FY23
Revenue $361M
FY24
Revenue $391M
FY25
Revenue $431M
FY17
Gross 74.4%
Operating โ37.5%
Net โ37.1%
FCF โ14.3%
FY18
Gross 79.3%
Operating โ48.3%
Net โ47.8%
FCF โ69.5%
FY19
Gross 79.2%
Operating โ32.5%
Net โ31.3%
FCF โ14.0%
FY20
Gross 82.5%
Operating โ6.2%
Net โ7.8%
FCF 7.9%
FY21
Gross 82.6%
Operating โ15.2%
Net โ21.8%
FCF 12.2%
FY22
Gross 80.5%
Operating โ22.1%
Net โ21.2%
FCF 8.6%
FY23
Gross 82.9%
Operating โ4.2%
Net 1.0%
FCF 22.7%
FY24
Gross 82.0%
Operating โ4.0%
Net 4.7%
FCF 20.9%
FY25
Gross 81.6%
Operating โ0.3%
Net 4.9%
FCF 24.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY17
Net income โ$19.3M
FY18
Net income โ$36.1M
FY19
Net income โ$33.5M
FY20
Net income โ$14.8M
FY21
Net income โ$65.0M
FY22
Net income โ$71.5M
FY23
Net income $3.7M
FY24
Net income $18.2M
FY25
Net income $21.0M
FY17
Diluted EPS โ$3.04
FY18
Diluted EPS โ$5.42
FY19
Diluted EPS โ$1.67
FY20
Diluted EPS โ$0.46
FY21
Diluted EPS โ$1.81
FY22
Diluted EPS โ$1.94
FY23
Diluted EPS $0.09
FY24
Diluted EPS $0.48
FY25
Diluted EPS $0.56
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital โ
Return on equity โ83.7%
Return on assets โ
FY18
Return on capital โ2,293.8%
Return on equity โ93.6%
Return on assets โ32.5%
FY19
Return on capital โ70.2%
Return on equity โ33.1%
Return on assets โ19.3%
FY20
Return on capital โ
Return on equity โ6.0%
Return on assets โ2.7%
FY21
Return on capital โ22.4%
Return on equity โ18.8%
Return on assets โ7.3%
FY22
Return on capital โ
Return on equity โ23.3%
Return on assets โ7.7%
FY23
Return on capital โ
Return on equity 1.2%
Return on assets 0.4%
FY24
Return on capital โ
Return on equity 5.1%
Return on assets 1.7%
FY25
Return on capital โ
Return on equity 5.4%
Return on assets 2.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $104M in fiscal 2025, 24.1% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow โ$7.5M
FY18
Free cash flow โ$52.4M
FY19
Free cash flow โ$15.0M
FY20
Free cash flow $15.0M
FY21
Free cash flow $36.4M
FY22
Free cash flow $28.9M
FY23
Free cash flow $82.1M
FY24
Free cash flow $81.8M
FY25
Free cash flow $104M
FY17
Cash from operations โ$5.3M
Capital spending $2.2M
FY18
Cash from operations โ$51.7M
Capital spending $0.8M
FY19
Cash from operations โ$13.9M
Capital spending $1.0M
FY20
Cash from operations $17.1M
Capital spending $2.1M
FY21
Cash from operations $38.0M
Capital spending $1.7M
FY22
Cash from operations $30.1M
Capital spending $1.2M
FY23
Cash from operations $83.2M
Capital spending $1.1M
FY24
Cash from operations $83.1M
Capital spending $1.3M
FY25
Cash from operations $105M
Capital spending $0.6M
Cash from operations
Capital spending
Dividends, buybacks and share count
Fiverr International Ltd. returned $32.5M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count fell 1.8%.
FY17
Dividends โ
Buybacks โ
FY18
Dividends โ
Buybacks โ
FY19
Dividends โ
Buybacks โ
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks $0.0M
FY23
Dividends โ
Buybacks $0.0M
FY24
Dividends โ
Buybacks $100M
FY25
Dividends โ
Buybacks $32.5M
Dividends
Buybacks
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.04B
FY22
Diluted shares 0.04B
FY23
Diluted shares 0.04B
FY24
Diluted shares 0.04B
FY25
Diluted shares 0.04B
Balance sheet
Cash, debt and the ratios that show how comfortably Fiverr International Ltd. can carry it.
FY17
Cash $27.9M
Debt โ
FY18
Cash $56.0M
Debt $3.2M
FY19
Cash $113M
Debt $3.0M
FY20
Cash $397M
Debt $2.7M
FY21
Cash $189M
Debt $2.3M
FY22
Cash $328M
Debt $0.0M
FY23
Cash $331M
Debt โ
FY24
Cash $422M
Debt โ
FY25
Cash $243M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $189M | $328M | $331M | $422M | $243M |
| Debt incl. finance leases | $2.3M | $0.0M | โ | โ | โ |
| Debt / equity | 0.0x | 0.0x | โ | โ | โ |
| Interest coverage | โ2.3x | โ29.5x | โ5.9x | โ6.2x | โ0.6x |
| Current ratio | 2.5x | 3.2x | 2.9x | 1.1x | 1.9x |
| Quick ratio | 2.5x | 3.2x | 2.9x | 1.1x | 1.9x |
| Total assets | $932M | $924M | $1.0B | $1.1B | $685M |
| Total liabilities | $585M | $658M | $668M | $707M | $273M |
| Shareholders' equity | $347M | $266M | $356M | $363M | $412M |
| Net debt (โ = net cash) | โ$187M | โ$328M | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 4 / 9 | 6 / 9 | 5 / 9 | 5 / 9 | 5 / 8 | 6 / 8 | 7 / 8 |
| Accruals ratio | โ | 14.1% | โ11.3% | โ5.8% | โ11.5% | โ11.0% | โ8.2% | โ6.2% | โ9.5% |
| Altman Z'' | โ | โ2.30 | 1.54 | 3.35 | 1.43 | 1.91 | 2.05 | โ0.24 | 2.00 |
9 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $52.1M | $75.5M | $107M | $190M | $298M | $337M | $361M | $391M | $431M |
| Gross profit | $38.8M | $59.9M | $84.8M | $156M | $246M | $271M | $300M | $321M | $351M |
| Research and development | $16.1M | $26.0M | $34.5M | $45.7M | $79.3M | $92.6M | $90.7M | $90.2M | $90.7M |
| Operating income | โ$19.5M | โ$36.5M | โ$34.8M | โ$11.8M | โ$45.3M | โ$74.5M | โ$15.1M | โ$15.8M | โ$1.2M |
| Interest expense | โ | โ | โ | $4.0M | $20.0M | $2.5M | $2.5M | $2.6M | $2.1M |
| Pretax income | โ$19.0M | โ$36.1M | โ$33.4M | โ$14.6M | โ$64.9M | โ$70.9M | $5.1M | $11.9M | $23.4M |
| Income tax | $0.3M | โ | $0.2M | $0.2M | $0.2M | $0.6M | $1.4M | โ$6.4M | $2.4M |
| Net income | โ$19.3M | โ$36.1M | โ$33.5M | โ$14.8M | โ$65.0M | โ$71.5M | $3.7M | $18.2M | $21.0M |
| Net income to common | โ | โ$36.1M | โ$34.2M | โ$14.8M | โ$65.0M | โ | โ | โ | โ |
| Diluted EPS | โ$3.04 | โ$5.42 | โ$1.67 | โ$0.46 | โ$1.81 | โ$1.94 | $0.09 | $0.48 | $0.56 |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.03B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B |
| Cash flow | |||||||||
| Cash from operations | โ$5.3M | โ$51.7M | โ$13.9M | $17.1M | $38.0M | $30.1M | $83.2M | $83.1M | $105M |
| Capital expenditure | $2.2M | $0.8M | $1.0M | $2.1M | $1.7M | $1.2M | $1.1M | $1.3M | $0.6M |
| Free cash flow | โ$7.5M | โ$52.4M | โ$15.0M | $15.0M | $36.4M | $28.9M | $82.1M | $81.8M | $104M |
| Depreciation and amortization | $1.1M | $2.3M | $3.6M | $4.3M | $6.9M | $10.2M | $6.0M | $10.5M | $14.7M |
| Stock-based compensation | $1.4M | $11.6M | $8.9M | $15.8M | $55.4M | $71.8M | $68.7M | $73.9M | $51.4M |
| Acquisitions | โ | $2.7M | $10.0M | $0.0M | $97.1M | $0.0M | $0.0M | $39.7M | $20.1M |
| Share buybacks | โ | โ | โ | โ | โ | $0.0M | $0.0M | $100M | $32.5M |
| Dividends and buybacks | โ | โ | โ | โ | โ | $0.0M | $0.0M | $100M | $32.5M |
| Balance sheet | |||||||||
| Cash and short-term investments | $27.9M | $56.0M | $113M | $397M | $189M | $328M | $331M | $422M | $243M |
| Total debt | โ | $3.2M | $3.0M | $2.7M | $2.3M | $0.0M | โ | โ | โ |
| Current assets | โ | $96.8M | $187M | $591M | $468M | $625M | $594M | $756M | $481M |
| Current liabilities | โ | $53.8M | $81.9M | $146M | $189M | $197M | $205M | $685M | $249M |
| Property and equipment, net | โ | $5.1M | $5.3M | $6.3M | $6.6M | $5.7M | $4.7M | $4.3M | $3.4M |
| Goodwill | โ | $1.4M | $11.2M | $11.2M | $77.3M | $77.3M | $77.3M | $110M | $126M |
| Intangible assets | โ | $4.1M | $7.2M | $5.9M | $49.2M | $14.8M | $10.7M | $41.9M | $36.6M |
| Total assets | โ | $111M | $236M | $861M | $932M | $924M | $1.0B | $1.1B | $685M |
| Total liabilities | โ | $57.1M | $87.6M | $516M | $585M | $658M | $668M | $707M | $273M |
| Shareholders' equity | $23.1M | $54.0M | $149M | $345M | $347M | $266M | $356M | $363M | $412M |
| Margins | |||||||||
| Gross margin | 74.4% | 79.3% | 79.2% | 82.5% | 82.6% | 80.5% | 82.9% | 82.0% | 81.6% |
| Operating margin | โ37.5% | โ48.3% | โ32.5% | โ6.2% | โ15.2% | โ22.1% | โ4.2% | โ4.0% | โ0.3% |
| EBITDA margin | โ35.4% | โ45.3% | โ29.1% | โ3.9% | โ12.9% | โ19.1% | โ2.5% | โ1.4% | 3.1% |
| Net margin | โ37.1% | โ47.8% | โ31.3% | โ7.8% | โ21.8% | โ21.2% | 1.0% | 4.7% | 4.9% |
| FCF margin | โ14.3% | โ69.5% | โ14.0% | 7.9% | 12.2% | 8.6% | 22.7% | 20.9% | 24.1% |
| Returns | |||||||||
| Return on capital | โ | โ2,293.8% | โ70.2% | โ | โ22.4% | โ | โ | โ | โ |
| Return on capital employed | โ | โ63.7% | โ22.5% | โ1.7% | โ6.1% | โ10.3% | โ1.8% | โ4.1% | โ0.3% |
| Return on equity | โ83.7% | โ93.6% | โ33.1% | โ6.0% | โ18.8% | โ23.3% | 1.2% | 5.1% | 5.4% |
| Return on assets | โ | โ32.5% | โ19.3% | โ2.7% | โ7.3% | โ7.7% | 0.4% | 1.7% | 2.4% |
| Return on tangible equity | โ83.7% | โ74.3% | โ26.2% | โ4.5% | โ29.5% | โ41.2% | 1.4% | 8.7% | 8.4% |
| Growth | |||||||||
| Revenue growth | โ | 44.9% | 41.8% | 77.0% | 57.1% | 13.3% | 7.1% | 8.3% | 10.1% |
| Net income growth | โ | โ | โ | โ | โ | โ | โ | 395.7% | 15.0% |
| EPS growth | โ | โ | โ | โ | โ | โ | โ | 433.3% | 16.7% |
| FCF growth | โ | โ | โ | โ | 141.7% | โ20.5% | 184.1% | โ0.4% | 27.1% |
| Share count change | โ | 4.6% | 208.4% | 57.6% | 11.2% | 2.5% | 6.2% | โ3.3% | โ1.8% |
| Financial health | |||||||||
| Debt / equity | โ | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x | โ | โ | โ |
| Interest coverage | โ | โ | โ | โ2.9x | โ2.3x | โ29.5x | โ5.9x | โ6.2x | โ0.6x |
| Current ratio | โ | 1.8x | 2.3x | 4.1x | 2.5x | 3.2x | 2.9x | 1.1x | 1.9x |
| Quick ratio | โ | 1.8x | 2.3x | 4.1x | 2.5x | 3.2x | 2.9x | 1.1x | 1.9x |
| Capital allocation | |||||||||
| Capex / revenue | 4.2% | 1.0% | 0.9% | 1.1% | 0.6% | 0.4% | 0.3% | 0.3% | 0.2% |
| Stock comp / revenue | 2.7% | 15.4% | 8.3% | 8.3% | 18.6% | 21.3% | 19.0% | 18.9% | 11.9% |
| Payouts / FCF | โ | โ | โ | โ | โ | 0.0% | 0.0% | 122.4% | 31.3% |
| Quality scores | |||||||||
| Piotroski F-score | โ | โ | 4.0 | 6.0 | 5.0 | 5.0 | 5.0 | 6.0 | 7.0 |
| Altman Z'' | โ | โ2.3 | 1.5 | 3.3 | 1.4 | 1.9 | 2.0 | โ0.2 | 2.0 |
| Accruals ratio | โ | 14.1% | โ11.3% | โ5.8% | โ11.5% | โ11.0% | โ8.2% | โ6.2% | โ9.5% |
Source: SEC EDGAR XBRL filings (CIK 0001762301). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.