Fiverr International

FVRR Communication Services Internet Content & Information

Fiverr International’s revenue for fiscal 2025 (year ended December 2025) was $430.9 million, up 10.1% from fiscal 2024. In the quarter to June 2026, revenue fell 10.0%, EPS grew 33.3%, free cash flow fell 45.5% and total debt fell 99.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

8.59 0.27 −3.05%
Market cap
$318.5M
P/E
10.3×
Fwd P/E
13.7×
Dividend yield
—
F-score
7/9
Altman Z
1.84
Beneish M
−2.92
Dividend safety
n/a
Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
— — 4 5 4 4 7 7 7
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 272.92 62.22 34.07
Altman Z-Score
— — 2.87 7.85 4.36 1.20 1.30 0.91 1.84
P/S ratio
3.42 3.42 4.50 33.28 13.73 3.13 2.76 3.00 1.66
Altman Z″-Score (non-manufacturers)
(3.96) (2.30) 1.54 3.35 1.43 1.91 2.05 (0.24) 2.00
P/FCF ratio
0.00 0.00 0.00 481.41 115.29 38.09 12.15 14.57 6.94
Beneish M-Score
— (1.53) (0.19) (1.96) (1.69) (2.87) (2.43) (2.54) (2.92)
P/Operating CF
(56.47) (56.47) (165.70) 1,319.89 495.83 110.01 36.20 39.07 32.78
P/B ratio
5.37 5.37 3.24 18.26 11.79 3.98 2.80 3.24 1.74
Price to Tangible BV
8.57 8.57 3.70 19.21 18.55 6.08 3.72 5.57 2.88
EV/Sales
2.37 2.37 2.84 32.14 13.55 2.71 2.47 2.38 1.71
EV/EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.60
EV/Operating CF
(3.41) (3.41) (21.82) 355.50 106.00 30.37 10.72 11.22 7.03
EV/FCF
(3.33) (3.33) (19.38) 465.00 113.71 32.97 10.86 11.57 7.11
Quick Ratio
1.36 1.79 2.28 4.05 2.48 3.17 2.89 1.10 1.93
Current Ratio
1.37 1.80 2.28 4.05 2.48 3.17 2.89 1.10 1.93
Net Debt/EBITDA
2.91 2.69 5.52 91.64 5.32 2.57 14.75 32.05 (29.09)
Debt/Assets
6.14% 3.35% 2.59% 43.02% 42.72% 50.20% 45.17% 44.88% 3.47%
Debt/Equity
0.19 0.07 0.04 1.07 1.15 1.75 1.30 1.32 0.06
Asset Turnover
0.58 0.84 0.62 0.35 0.33 0.36 0.37 0.37 0.49
Operating CF/Net income
0.27 1.43 0.41 (1.16) (0.59) (0.42) 22.60 4.55 4.98
Capex/Depreciation
(3.12) (0.71) (0.68) (0.43) (0.07) (0.12) (0.14) (0.30) (0.08)
ROE
(50.14%) (93.58%) (33.70%) (5.99%) (18.78%) (23.34%) 1.18% 5.08% 5.42%
ROA
(21.38%) (39.89%) (19.67%) (2.70%) (7.25%) (7.71%) 0.38% 1.74% 2.39%
ROIC
0.00% 0.00% 0.00% (5.66%) (9.74%) (37.79%) (3.81%) (8.17%) 0.00%
Return on Tangible Assets
(91.37%) (74.88%) (30.92%) (3.28%) (22.75%) (16.48%) 0.93% 24.20% 8.92%
Average Days of Receivables
4.05 3.75 10.63 10.44 17.52 20.58 24.46 31.88 29.19
Research and Development Expense of Revenue
30.85% 34.48% 32.21% 24.12% 26.64% 27.44% 25.10% 23.05% 21.04%
Selling, General and Administrative Expense of Revenue
80.98% 93.13% 79.49% 64.59% 71.22% 66.92% 61.96% 62.96% 60.80%
Intangible Assets out of Total Assets
0.02 0.05 0.08 0.02 0.14 0.10 0.09 0.14 0.24
Share Based Compensation of Revenue
2.69% 15.43% 8.31% 8.35% 18.61% 21.27% 19.01% 18.89% 11.93%
Graham Net Nets
0.08 0.08 0.21 0.01 (0.03) (0.03) (0.07) 0.04 0.29
Graham Number
0.00 0.00 0.00 0.00 0.00 0.00 4.49 10.61 12.17
Earnings Yield
(10.25%) (10.25%) (10.83%) (0.22%) (1.57%) (6.73%) 0.37% 1.61% 2.94%
Free Cash Flow Yield
(20.82%) (20.82%) (3.26%) 0.21% 0.87% 2.63% 8.23% 6.86% 14.41%
Revenue per Share
8.20 11.36 5.22 5.86 8.28 9.15 9.49 10.58 11.88
Operating CF per Share
(0.83) (7.77) (0.68) 0.53 1.06 0.82 2.19 2.25 2.88
Capex per Share
(0.53) (0.24) (0.09) (0.12) (0.07) (0.06) (0.03) (0.07) (0.04)
Free Cash Flow per Share
(1.36) (8.01) (0.77) 0.41 0.99 0.75 2.16 2.18 2.85
Cash per Share
9.11 14.39 8.96 18.11 12.63 16.45 14.98 19.52 12.30
Shareholders Equity per Share
3.63 8.12 7.26 10.69 9.65 7.21 9.35 9.81 11.36
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
3.63 8.12 7.26 10.69 9.65 7.21 9.35 9.81 11.36
Free Cash Flow
(8.66) (53.27) (15.70) 13.10 35.46 27.74 82.07 80.56 103.28
Working Capital
15.88 43.02 105.18 445.28 279.17 428.12 389.05 71.14 231.75
Capital Expenditures
(3.40) (1.60) (1.75) (4.03) (2.58) (2.37) (1.11) (2.51) (1.31)
Net Current Asset Value
12.07 39.74 99.57 75.35 (116.48) (32.85) (73.35) 48.76 208.03
EV/EBIT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex to Sales
0.07 0.02 0.02 0.02 0.01 0.01 0.00 0.01 0.00
Price to Operating Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
0.21 0.44 0.49 1.51 5.31 3.37 1.65 1.94 4.67
Cash ROIC
(10.16%) (34.73%) (4.64%) 1.01% 2.96% 2.08% 5.91% 5.15% 11.71%
Accounts Receivable Turnover
76.97 111.53 55.01 44.41 30.21 20.26 16.72 13.40 12.55
Accounts Payable Turnover
4.47 1.31 1.15 0.96 1.07 1.28 1.24 1.26 1.13
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
278.54 317.66 413.47 484.11 373.72 276.50 292.75 324.31 356.23
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
0.68 0.68 1.95 4.27 9.85 16.65 21.62 29.21 34.33
Average Payables
2.99 11.90 19.39 34.60 48.49 51.46 49.78 56.15 70.10
Average Assets
90.40 90.40 173.70 548.78 896.39 927.69 973.70 1,046.79 877.29
Average Common Equity
38.54 38.54 101.39 247.11 346.14 306.30 310.75 359.21 387.32

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