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Fiverr International Ltd. (FVRR) 10-Year Financial Performance & Capital Metrics

FVRR • • Industrial / General
Communication ServicesInternet ServicesOnline Marketplaces & ServicesService & Freelance Marketplaces
AboutFiverr 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 design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle. It also offers Fiverr Workspace, which provides freelancers a software solution to manage invoicing, contracts, time tracking, and organizing workflow; Fiverr Learn and CreativeLive that offers learning and development offerings for freelancers; ClearVoice, a subscription based content marketing platform; and Stoke Talent, a freelancer management system. In addition, the company provides back office and creative talent platforms. Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses. The company was incorporated in 2010 and is headquartered in Tel Aviv-Yafo, Israel.Show more
  • Revenue $391M +8.3%
  • EBITDA -$5M +41.4%
  • Net Income $18M +395.7%
  • EPS (Diluted) 0.48 +410.6%
  • Gross Margin 81.97% -1.1%
  • EBITDA Margin -1.36% +45.9%
  • Operating Margin -4.04% +3.4%
  • Net Margin 4.66% +357.6%
  • ROE 5.08% +328.8%
  • ROIC -1.79% -0.6%
  • Debt/Equity 1.28 -1.7%
  • Interest Coverage -5.87 -6.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 20.9% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 29.6%
  • ✓Share count reduced 3.3% through buybacks

✗Weaknesses

  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y29.6%
3Y9.56%
TTM12.68%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM121.2%

EPS CAGR

10Y-
5Y-
3Y-
TTM124.16%

ROCE

10Y Avg-26.96%
5Y Avg-4.73%
3Y Avg-4.91%
Latest-2.63%

Peer Comparison

Service & Freelance Marketplaces
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DASHDoorDash, Inc.85.37B210.11724.5224.17%6.83%9.08%2.11%0.07
FVRRFiverr International Ltd.630.44M17.0735.568.33%5.23%5.61%12.97%1.28
ANGIAngi Inc.546.72M12.6717.85-12.78%3.34%3.55%19.29%0.48
TRUETrueCar, Inc.191.22M2.15-6.3210.64%-10.27%-16.3%0.10

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+52.11M75.5M107.07M189.51M297.66M337.37M361.38M391.48M
Revenue Growth %-0.45%0.42%0.77%0.57%0.13%0.07%0.08%
Cost of Goods Sold+13.36M15.62M22.22M33.19M51.72M65.95M61.85M70.57M
COGS % of Revenue0.26%0.21%0.21%0.18%0.17%0.2%0.17%0.18%
Gross Profit+38.75M59.88M84.85M156.32M245.94M271.42M299.53M320.92M
Gross Margin %0.74%0.79%0.79%0.82%0.83%0.8%0.83%0.82%
Gross Profit Growth %-0.55%0.42%0.84%0.57%0.1%0.1%0.07%
Operating Expenses+58.27M96.35M119.6M168.13M291.28M345.95M314.64M336.73M
OpEx % of Revenue1.12%1.28%1.12%0.89%0.98%1.03%0.87%0.86%
Selling, General & Admin42.2M70.32M85.12M122.41M211.98M225.76M223.92M246.49M
SG&A % of Revenue0.81%0.93%0.79%0.65%0.71%0.67%0.62%0.63%
Research & Development16.07M26.04M34.48M45.72M79.3M92.56M90.72M90.24M
R&D % of Revenue0.31%0.34%0.32%0.24%0.27%0.27%0.25%0.23%
Other Operating Expenses0000027.63M00
Operating Income+-19.52M-36.47M-34.75M-11.81M-45.34M-74.53M-15.11M-15.82M
Operating Margin %-0.37%-0.48%-0.32%-0.06%-0.15%-0.22%-0.04%-0.04%
Operating Income Growth %--0.87%0.05%0.66%-2.84%-0.64%0.8%-0.05%
EBITDA+-18.43M-34.22M-31.18M-7.47M-38.46M-64.35M-9.12M-5.34M
EBITDA Margin %-0.35%-0.45%-0.29%-0.04%-0.13%-0.19%-0.03%-0.01%
EBITDA Growth %--0.86%0.09%0.76%-4.15%-0.67%0.86%0.41%
D&A (Non-Cash Add-back)1.09M2.25M3.57M4.34M6.88M10.19M5.99M10.48M
EBIT-19.52M-36.47M-34.75M-10.57M-44.69M-62M7.59M14.44M
Net Interest Income+493K408K1.37M-2.54M-18.24M3.95M20.43M28.57M
Interest Income493K408K1.37M1.87M1.92M12.87M23.15M31.26M
Interest Expense0004.41M20.16M8.91M2.73M2.69M
Other Income/Expense493K408K1.37M-2.8M-19.51M3.62M20.16M27.71M
Pretax Income+-19.03M-36.06M-33.38M-14.61M-64.85M-70.91M5.05M11.89M
Pretax Margin %-0.37%-0.48%-0.31%-0.08%-0.22%-0.21%0.01%0.03%
Income Tax+294K0160K200K159K577K1.37M-6.36M
Effective Tax Rate %1.02%1%1%1.01%1%1.01%0.73%1.53%
Net Income+-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M
Net Margin %-0.37%-0.48%-0.31%-0.08%-0.22%-0.21%0.01%0.05%
Net Income Growth %--0.87%0.07%0.56%-3.39%-0.1%1.05%3.96%
Net Income (Continuing)-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-0.75-1.41-1.64-0.46-1.81-1.940.090.48
EPS Growth %--0.88%-0.16%0.72%-2.93%-0.07%1.05%4.11%
EPS (Basic)-0.75-1.41-1.64-0.46-1.81-1.940.100.49
Diluted Shares Outstanding25.64M25.64M20.5M32.32M35.96M36.86M39.15M37.84M
Basic Shares Outstanding25.64M25.64M20.5M32.32M35.96M36.86M38.07M36.98M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+58.74M96.79M187.12M591.15M468.22M625.22M594.48M756.08M
Cash & Short-Term Investments57.87M55.95M127.73M487.4M323.3M462.05M417.37M567.26M
Cash Only27.87M55.95M24.17M268.03M71.15M86.75M183.67M133.47M
Short-Term Investments30M0103.56M219.37M252.15M375.29M233.7M433.79M
Accounts Receivable578K776K3.12M5.42M14.29M19.02M24.22M16.28M
Days Sales Outstanding4.053.7510.6310.4417.5220.5824.4615.18
Inventory0327K000000
Days Inventory Outstanding-7.64------
Other Current Assets298K39.74M56.27M98.33M130.63M144.16M152.89M172.54M
Total Non-Current Assets+11.03M14.24M49.24M270.05M463.35M298.58M429.13M313.89M
Property, Plant & Equipment5.27M5.14M5.32M21.88M18.28M14.74M11.46M9.39M
Fixed Asset Turnover9.89x14.68x20.12x8.66x16.28x22.89x31.55x41.68x
Goodwill01.38M11.24M11.24M77.27M77.27M77.27M110.22M
Intangible Assets1.72M4.07M7.19M5.88M49.22M14.77M10.72M41.88M
Long-Term Investments3.7M3.19M21.8M228.05M317.52M189.84M328.33M122.01M
Other Non-Current Assets4.04M3.65M3.69M3M1.05M1.97M1.35M7.87M
Total Assets+69.77M111.03M236.36M861.2M931.57M923.8M1.02B1.07B
Asset Turnover0.75x0.68x0.45x0.22x0.32x0.37x0.35x0.37x
Asset Growth %-0.59%1.13%2.64%0.08%-0.01%0.11%0.05%
Total Current Liabilities+42.86M53.78M81.94M145.87M189.04M197.1M205.43M684.95M
Accounts Payable2.61M3.36M3.75M3.62M8.7M8.63M5.49M5.53M
Days Payables Outstanding71.2778.661.5739.8361.3947.7632.4228.62
Short-Term Debt471K445K503K560K2.27M00457.86M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities36.17M44.92M53.01M92.03M118.62M134.48M142.29M178.55M
Current Ratio1.37x1.80x2.28x4.05x2.48x3.17x2.89x1.10x
Quick Ratio1.37x1.79x2.28x4.05x2.48x3.17x2.89x1.10x
Cash Conversion Cycle--67.21------
Total Non-Current Liabilities+3.81M3.28M5.61M369.93M395.66M460.97M462.4M22.38M
Long-Term Debt3.46M2.79M2.54M354.18M372.08M452.76M455.31M0
Capital Lease Obligations00013.86M10.48M6.65M4.48M2.75M
Deferred Tax Liabilities124K124K184K00474K1.8M9.35M
Other Non-Current Liabilities356K488K2.89M1.89M13.1M1.08M813K10.28M
Total Liabilities46.67M57.06M87.55M515.8M584.7M658.07M667.83M707.32M
Total Debt+3.93M3.24M3.04M371.91M387.88M462.17M462.36M463.21M
Net Debt-23.94M-52.72M-21.13M103.88M316.73M375.42M278.68M329.74M
Debt / Equity0.17x0.06x0.02x1.08x1.12x1.74x1.30x1.28x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage----2.68x-2.25x-8.36x-5.54x-5.87x
Total Equity+23.1M53.97M148.81M345.4M346.87M265.73M355.77M362.65M
Equity Growth %-1.34%1.76%1.32%0%-0.23%0.34%0.02%
Book Value per Share0.902.107.2610.699.657.219.099.58
Total Shareholders' Equity23.1M53.97M148.81M345.4M346.87M265.73M355.77M362.65M
Common Stock110.63M000000727.18M
Retained Earnings-87.53M-123.59M-157.76M-172.57M-237.59M-288.04M-284.36M-366.19M
Treasury Stock00000000
Accumulated OCI0-598K238K532K-1.09M-12.06M-714K1.67M
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-5.26M-51.68M-13.94M17.14M38.04M30.11M83.19M83.07M
Operating CF Margin %-0.1%-0.68%-0.13%0.09%0.13%0.09%0.23%0.21%
Operating CF Growth %--8.82%0.73%2.23%1.22%-0.21%1.76%-0%
Net Income-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M
Depreciation & Amortization1.09M2.25M3.57M4.34M6.88M10.19M5.99M10.48M
Stock-Based Compensation1.4M11.65M8.9M15.81M55.41M71.75M68.7M73.94M
Deferred Taxes00008.13M000
Other Non-Cash Items-225K-51K-923K2.09M19.52M23.79M2.09M1.23M
Working Capital Changes11.79M-29.46M8.05M9.7M13.11M-4.13M2.73M-20.83M
Change in Receivables11K-143K-1.58M-1.78M-6.24M-4.85M-2.88M-18.32M
Change in Inventory001.58M06.24M4.85M00
Change in Payables-145K808K240K10.36M18.12M3.88M-3.19M-409K
Cash from Investing+5.08M26.07M-136.08M-326.36M-229.47M-14.62M9.78M-28.82M
Capital Expenditures-3.4M-1.6M-1.75M-2.09M-2.58M-2.37M-1.05M-2.51M
CapEx % of Revenue0.07%0.02%0.02%0.01%0.01%0.01%0%0.01%
Acquisitions--------
Investments--------
Other Investing-1.52M-490K-40K-76.28M-41.12M-1.25M46.8M-300K
Cash from Financing+1.25M53.89M117.99M551.81M-2.4M-1.64M2.85M-104.22M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing396K1.24M773K-24.78M-10.09M-3.13M87K-3.5M
Net Change in Cash--------
Free Cash Flow+-8.66M-53.27M-15.7M13.1M35.46M27.74M82.07M81.77M
FCF Margin %-0.17%-0.71%-0.15%0.07%0.12%0.08%0.23%0.21%
FCF Growth %--5.15%0.71%1.83%1.71%-0.22%1.96%-0%
FCF per Share-0.34-2.08-0.770.410.990.752.102.16
FCF Conversion (FCF/Net Income)0.27x1.43x0.42x-1.16x-0.59x-0.42x22.60x4.55x
Interest Paid158K148K131K115K107K246K145K118K
Taxes Paid309K146K36K078K235K589K5.73M

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)-83.66%-93.58%-33.08%-5.99%-18.78%-23.34%1.18%5.08%
Return on Invested Capital (ROIC)--13181.57%-40.43%-3.07%-6.11%-8.57%-1.78%-1.79%
Gross Margin74.36%79.31%79.24%82.49%82.62%80.45%82.89%81.97%
Net Margin-37.08%-47.76%-31.32%-7.81%-21.84%-21.19%1.02%4.66%
Debt / Equity0.17x0.06x0.02x1.08x1.12x1.74x1.30x1.28x
Interest Coverage----2.68x-2.25x-8.36x-5.54x-5.87x
FCF Conversion0.27x1.43x0.42x-1.16x-0.59x-0.42x22.60x4.55x
Revenue Growth-44.89%41.81%76.99%57.07%13.34%7.12%8.33%

Revenue by Segment

201920202021202220232024
Marketplace Revenue-----303.07M
Marketplace Revenue Growth------
Services Revenue-----88.41M
Services Revenue Growth------
Transaction Fee78.07M139.02M217.09M250.85M270.27M-
Transaction Fee Growth-78.06%56.16%15.55%7.74%-
Service29M50.49M80.58M86.52M91.11M-
Service Growth-74.11%59.58%7.38%5.30%-

Revenue by Geography

201920202021202220232024
U.S.-100.71M154.36M172.7M178.45M191.71M
U.S. Growth--53.28%11.88%3.33%7.43%
Europe25.18M48.33M77.02M84.48M95.59M104.32M
Europe Growth-91.93%59.36%9.69%13.15%9.13%
Asia Pacific13.36M22.81M38.44M48.59M54.4M60.91M
Asia Pacific Growth-70.81%68.48%26.40%11.97%11.97%
Countries Excluding United States Europe Asia Pacific And Israel9.37M-24.99M28.15M29.66M30.96M
Countries Excluding United States Europe Asia Pacific And Israel Growth---12.65%5.37%4.37%
ISRAEL-1.94M2.85M3.44M3.27M3.59M
ISRAEL Growth--46.86%20.49%-5.00%9.73%
the world-15.71M----
the world Growth------
Americas57.94M-----
Americas Growth------
I1.22M-----
I Growth------

Frequently Asked Questions

Valuation & Price

Fiverr International Ltd. (FVRR) has a price-to-earnings (P/E) ratio of 35.6x. This suggests investors expect higher future growth.

Growth & Financials

Fiverr International Ltd. (FVRR) reported $427.4M in revenue for fiscal year 2024. This represents a 720% increase from $52.1M in 2017.

Fiverr International Ltd. (FVRR) grew revenue by 8.3% over the past year. This is steady growth.

Yes, Fiverr International Ltd. (FVRR) is profitable, generating $22.4M in net income for fiscal year 2024 (4.7% net margin).

Dividend & Returns

Fiverr International Ltd. (FVRR) has a return on equity (ROE) of 5.1%. This is below average, suggesting room for improvement.

Fiverr International Ltd. (FVRR) generated $113.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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