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

FVRR •
Communication ServicesInternet ServicesOnline Marketplaces and Classifieds
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 $431M +10.1%
  • EBITDA $14M +353.0%
  • Net Income $21M +15.0%
  • EPS (Diluted) 0.56 +16.7%
  • Gross Margin 80.7% -1.6%
  • EBITDA Margin 3.14% +329.8%
  • Operating Margin -0.27% +93.2%
  • Net Margin 4.87% +4.5%
  • ROE 5.42% +6.7%
  • ROIC -0.18% +89.9%
  • Debt/Equity 0.01 -99.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 24.1% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 17.9%
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.9%
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗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-
5Y17.86%
3Y8.5%
TTM10.07%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM15%

EPS CAGR

10Y-
5Y-
3Y-
TTM20.1%

ROCE

10Y Avg-24%
5Y Avg-4.25%
3Y Avg-1.62%
Latest-0.29%

Peer Comparison

Online Marketplaces and Classifieds
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Size & Scale
Valuation
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ZGZillow Group, Inc. Class A10.77B44.80497.7815.52%0.89%0.47%2.18%0.02
ZZillow Group, Inc. Class C10.73B44.62495.7815.52%-1.29%-0.64%2.19%0.02
FVRRFiverr International Ltd.388.19M10.8319.3410.07%4.87%5.09%26.78%0.01
SSTKShutterstock, Inc.689.62M16.8013.445.84%4.6%7.83%17.96%0.23
ATHMAutohome Inc.9.19B19.189.89-2.01%23.62%6.31%1.96%0.00
GETYGetty Images Holdings, Inc.320.77M0.788.162.48%-9.6%-13.31%18.98%1.89
EVEREverQuote, Inc.56.95M15.806.0138.45%14.34%41.72%100%-0.00
SEATVivid Seats Inc.22.72M5.965.328.8%-24.08%-46.21%100%0.66

Compare FVRR vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs ZG

Compare head-to-head with Zillow Group, Inc. Class A

vs Z

Compare head-to-head with Zillow Group, Inc. Class C

Compare Top 5

vs ZG, Z, ATHM, SSTK

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales/Revenue+52.11M75.5M107.07M189.51M297.66M337.37M361.38M391.48M430.91M
Revenue Growth %-44.89%41.81%76.99%57.07%13.34%7.12%8.33%10.07%
Cost of Goods Sold+13.36M15.62M22.22M33.19M51.72M65.95M61.85M70.57M83.16M
COGS % of Revenue25.64%20.69%20.76%17.51%17.38%19.55%17.11%18.03%19.3%
Gross Profit+38.75M59.88M84.85M156.32M245.94M271.42M299.53M320.92M347.75M
Gross Margin %74.36%79.31%79.24%82.49%82.62%80.45%82.89%81.97%80.7%
Gross Profit Growth %-54.53%41.69%84.24%57.33%10.36%10.36%7.14%8.36%
Operating Expenses+58.27M96.35M119.6M168.13M291.28M345.95M314.64M336.73M348.93M
OpEx % of Revenue111.82%127.61%111.7%88.72%97.86%102.55%87.07%86.02%80.98%
Selling, General & Admin42.2M70.32M85.12M122.41M211.98M225.76M223.92M246.49M259.45M
SG&A % of Revenue80.98%93.13%79.49%64.59%71.22%66.92%61.96%62.96%60.21%
Research & Development16.07M26.04M34.48M45.72M79.3M92.56M90.72M90.24M89.48M
R&D % of Revenue30.85%34.48%32.21%24.12%26.64%27.44%25.1%23.05%20.76%
Other Operating Expenses0000027.63M000
Operating Income+-19.52M-36.47M-34.75M-11.81M-45.34M-74.53M-15.11M-15.82M-1.18M
Operating Margin %-37.46%-48.3%-32.45%-6.23%-15.23%-22.09%-4.18%-4.04%-0.27%
Operating Income Growth %--86.8%4.71%66.01%-283.91%-64.39%79.73%-4.69%92.56%
EBITDA+-18.43M-34.22M-31.18M-7.47M-38.46M-64.35M-9.12M-5.34M13.52M
EBITDA Margin %-35.37%-45.32%-29.12%-3.94%-12.92%-19.07%-2.52%-1.36%3.14%
EBITDA Growth %--85.64%8.88%76.04%-414.78%-67.3%85.82%41.44%353%
D&A (Non-Cash Add-back)1.09M2.25M3.57M4.34M6.88M10.19M5.99M10.48M14.69M
EBIT-19.52M-36.47M-34.75M-10.57M-44.69M-62M7.59M14.44M-1.18M
Net Interest Income+493K408K1.37M-2.54M-18.24M3.95M20.43M28.57M24.59M
Interest Income493K408K1.37M1.87M1.92M12.87M23.15M31.26M24.59M
Interest Expense0004.41M20.16M8.91M2.73M2.69M0
Other Income/Expense493K408K1.37M-2.8M-19.51M3.62M20.16M27.71M24.59M
Pretax Income+-19.03M-36.06M-33.38M-14.61M-64.85M-70.91M5.05M11.89M23.42M
Pretax Margin %-36.52%-47.76%-31.17%-7.71%-21.79%-21.02%1.4%3.04%5.43%
Income Tax+294K0160K200K159K577K1.37M-6.36M2.43M
Effective Tax Rate %101.54%100%100.48%101.37%100.25%100.81%72.83%153.48%89.61%
Net Income+-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M20.98M
Net Margin %-37.08%-47.76%-31.32%-7.81%-21.84%-21.19%1.02%4.66%4.87%
Net Income Growth %--86.61%6.99%55.84%-338.97%-9.96%105.15%395.68%15%
Net Income (Continuing)-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M20.98M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+-0.75-1.41-1.64-0.46-1.81-1.940.090.480.56
EPS Growth %--88%-16.31%71.95%-293.48%-7.18%104.85%410.64%16.67%
EPS (Basic)-0.75-1.41-1.64-0.46-1.81-1.940.100.490.58
Diluted Shares Outstanding25.64M25.64M20.5M32.32M35.96M36.86M39.15M37.84M37.17M
Basic Shares Outstanding25.64M25.64M20.5M32.32M35.96M36.86M38.07M36.98M36.28M
Dividend Payout Ratio---------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Current Assets+58.74M96.79M187.12M591.15M468.22M625.22M594.48M756.08M479.15M
Cash & Short-Term Investments57.87M55.95M127.73M487.4M323.3M462.05M417.37M567.26M286.33M
Cash Only27.87M55.95M24.17M268.03M71.15M86.75M183.67M133.47M128.62M
Short-Term Investments30M0103.56M219.37M252.15M375.29M233.7M433.79M157.71M
Accounts Receivable578K776K3.12M5.42M14.29M19.02M24.22M16.28M32.97M
Days Sales Outstanding4.053.7510.6310.4417.5220.5824.4615.1827.93
Inventory0327K0000000
Days Inventory Outstanding-7.64-------
Other Current Assets298K39.74M56.27M98.33M130.63M144.16M152.89M172.54M159.85M
Total Non-Current Assets+11.03M14.24M49.24M270.05M463.35M298.58M429.13M313.89M203.96M
Property, Plant & Equipment5.27M5.14M5.32M21.88M18.28M14.74M11.46M9.39M6.87M
Fixed Asset Turnover9.89x14.68x20.12x8.66x16.28x22.89x31.55x41.68x62.70x
Goodwill01.38M11.24M11.24M77.27M77.27M77.27M110.22M126.31M
Intangible Assets1.72M4.07M7.19M5.88M49.22M14.77M10.72M41.88M36.55M
Long-Term Investments3.7M3.19M21.8M228.05M317.52M189.84M328.33M122.01M0
Other Non-Current Assets4.04M3.65M3.69M3M1.05M1.97M1.35M7.87M7.79M
Total Assets+69.77M111.03M236.36M861.2M931.57M923.8M1.02B1.07B683.11M
Asset Turnover0.75x0.68x0.45x0.22x0.32x0.37x0.35x0.37x0.63x
Asset Growth %-59.13%112.88%264.36%8.17%-0.83%10.8%4.53%-36.16%
Total Current Liabilities+42.86M53.78M81.94M145.87M189.04M197.1M205.43M684.95M247.4M
Accounts Payable2.61M3.36M3.75M3.62M8.7M8.63M5.49M5.53M9.08M
Days Payables Outstanding71.2778.661.5739.8361.3947.7632.4228.6239.86
Short-Term Debt471K445K503K560K2.27M00457.86M3.37M
Deferred Revenue (Current)7.59M9.63M3.25M5.96M12.14M11.35M11.05M20.09M18.57M
Other Current Liabilities36.17M44.92M53.01M92.03M118.62M134.48M142.29M178.55M216.38M
Current Ratio1.37x1.80x2.28x4.05x2.48x3.17x2.89x1.10x1.94x
Quick Ratio1.37x1.79x2.28x4.05x2.48x3.17x2.89x1.10x1.94x
Cash Conversion Cycle--67.21-------
Total Non-Current Liabilities+3.81M3.28M5.61M369.93M395.66M460.97M462.4M22.38M23.72M
Long-Term Debt3.46M2.79M2.54M354.18M372.08M452.76M455.31M0798K
Capital Lease Obligations00013.86M10.48M6.65M4.48M2.75M798K
Deferred Tax Liabilities124K124K184K00474K1.8M9.35M0
Other Non-Current Liabilities356K488K2.89M1.89M13.1M1.08M813K10.28M22.13M
Total Liabilities46.67M57.06M87.55M515.8M584.7M658.07M667.83M707.32M271.12M
Total Debt+3.93M3.24M3.04M371.91M387.88M462.17M462.36M463.21M4.96M
Net Debt-23.94M-52.72M-21.13M103.88M316.73M375.42M278.68M329.74M-123.66M
Debt / Equity0.17x0.06x0.02x1.08x1.12x1.74x1.30x1.28x0.01x
Debt / EBITDA--------0.37x
Net Debt / EBITDA---------9.15x
Interest Coverage----2.68x-2.25x-8.36x-5.54x-5.87x-
Total Equity+23.1M53.97M148.81M345.4M346.87M265.73M355.77M362.65M411.98M
Equity Growth %-133.66%175.71%132.11%0.42%-23.39%33.88%1.93%13.6%
Book Value per Share0.902.107.2610.699.657.219.099.5811.08
Total Shareholders' Equity23.1M53.97M148.81M345.4M346.87M265.73M355.77M362.65M411.98M
Common Stock110.63M000000727.18M786.2M
Retained Earnings-87.53M-123.59M-157.76M-172.57M-237.59M-288.04M-284.36M-366.19M-377.74M
Treasury Stock000000000
Accumulated OCI0-598K238K532K-1.09M-12.06M-714K1.67M3.53M
Minority Interest000000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+-5.26M-51.68M-13.94M17.14M38.04M30.11M83.19M83.07M104.59M
Operating CF Margin %-10.1%-68.44%-13.02%9.04%12.78%8.93%23.02%21.22%24.27%
Operating CF Growth %--881.87%73.02%222.88%121.98%-20.84%176.26%-0.14%25.91%
Net Income-19.32M-36.06M-33.54M-14.81M-65.01M-71.49M3.68M18.25M20.98M
Depreciation & Amortization1.09M2.25M3.57M4.34M6.88M10.19M5.99M10.48M14.69M
Stock-Based Compensation1.4M11.65M8.9M15.81M55.41M71.75M68.7M73.94M0
Deferred Taxes00008.13M0000
Other Non-Cash Items-225K-51K-923K2.09M19.52M23.79M2.09M1.23M69.21M
Working Capital Changes11.79M-29.46M8.05M9.7M13.11M-4.13M2.73M-20.83M-298K
Change in Receivables11K-143K-1.58M-1.78M-6.24M-4.85M-2.88M-18.32M7.26M
Change in Inventory001.58M06.24M4.85M000
Change in Payables-145K808K240K10.36M18.12M3.88M-3.19M-409K2.59M
Cash from Investing+5.08M26.07M-136.08M-326.36M-229.47M-14.62M9.78M-28.82M378.61M
Capital Expenditures-3.4M-1.6M-1.75M-2.09M-2.58M-2.37M-1.05M-2.51M-1.31M
CapEx % of Revenue6.52%2.12%1.64%1.1%0.87%0.7%0.29%0.64%0.3%
Acquisitions0-2.68M-9.97M0-97.08M00-39.74M-20.15M
Investments---------
Other Investing-1.52M-490K-40K-76.28M-41.12M-1.25M46.8M-300K750K
Cash from Financing+1.25M53.89M117.99M551.81M-2.4M-1.64M2.85M-104.22M-491.8M
Debt Issued (Net)857K-421K-470K446.74M-599K-2.27M0-3.99M-460M
Equity Issued (Net)01000K1000K1000K1000K1000K1000K-1000K-1000K
Dividends Paid000000000
Share Repurchases0000000-100.08M-32.53M
Other Financing396K1.24M773K-24.78M-10.09M-3.13M87K-3.5M-2.64M
Net Change in Cash1.7M28.09M-31.78M243.86M-193.96M13.82M95.78M-50.2M-6.16M
Free Cash Flow+-8.66M-53.27M-15.7M13.1M35.46M27.74M82.07M81.77M103.94M
FCF Margin %-16.62%-70.56%-14.66%6.91%11.91%8.22%22.71%20.89%24.12%
FCF Growth %--515.16%70.53%183.44%170.68%-21.77%195.88%-0.38%27.12%
FCF per Share-0.34-2.08-0.770.410.990.752.102.162.80
FCF Conversion (FCF/Net Income)0.27x1.43x0.42x-1.16x-0.59x-0.42x22.60x4.55x4.98x
Interest Paid158K148K131K115K107K246K145K118K0
Taxes Paid309K146K36K078K235K589K5.73M0

Key Ratios

Metric201720182019202020212022202320242025
Return on Equity (ROE)-83.66%-93.58%-33.08%-5.99%-18.78%-23.34%1.18%5.08%5.42%
Return on Invested Capital (ROIC)--13181.57%-40.43%-3.07%-6.11%-8.57%-1.78%-1.79%-0.18%
Gross Margin74.36%79.31%79.24%82.49%82.62%80.45%82.89%81.97%80.7%
Net Margin-37.08%-47.76%-31.32%-7.81%-21.84%-21.19%1.02%4.66%4.87%
Debt / Equity0.17x0.06x0.02x1.08x1.12x1.74x1.30x1.28x0.01x
Interest Coverage----2.68x-2.25x-8.36x-5.54x-5.87x-
FCF Conversion0.27x1.43x0.42x-1.16x-0.59x-0.42x22.60x4.55x4.98x
Revenue Growth-44.89%41.81%76.99%57.07%13.34%7.12%8.33%10.07%

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