The company has significantly improved its financial health by reducing total debt to a negligible $3.4 million in 2026Q1, down from $463.2 million in 2024Q4.
| Total Current Assets | 474.67M | 479.15M | 756.08M | 594.48M | 625.22M | 468.22M | 591.15M | 187.12M | 96.79M | 58.74M |
| Cash & Short-Term Investments | 276.19M | 286.33M | 567.26M | 417.37M | 462.05M | 323.3M | 487.4M | 127.73M | 55.95M | 57.87M |
| Cash Only | 139.25M | 128.62M | 133.47M | 183.67M | 86.75M | 71.15M | 268.03M | 24.17M | 55.95M | 27.87M |
| Short-Term Investments | 136.93M | 157.71M | 433.79M | 233.7M | 375.29M | 252.15M | 219.37M | 103.56M | 0 | 30M |
| Accounts Receivable | 34.02M | 32.97M | 16.28M | 24.22M | 19.02M | 14.29M | 5.42M | 3.12M | 776K | 578K |
| Days Sales Outstanding | 30.33 | 27.93 | 15.18 | 24.46 | 20.58 | 17.52 | 10.44 | 10.63 | 3.75 | 4.05 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 327K | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 7.64 | - |
| Other Current Assets | 164.47M | 159.85M | 172.54M | 152.89M | 144.16M | 130.63M | 98.33M | 56.27M | 39.74M | 298K |
| Total Non-Current Assets | 220.55M | 203.96M | 313.89M | 429.13M | 298.58M | 463.35M | 270.05M | 49.24M | 14.24M | 11.03M |
| Property, Plant & Equipment | 5.83M | 6.87M | 9.39M | 11.46M | 14.74M | 18.28M | 21.88M | 5.32M | 5.14M | 5.27M |
| Fixed Asset Turnover | 63.21x | 62.70x | 41.68x | 31.55x | 22.89x | 16.28x | 8.66x | 20.12x | 14.68x | 9.89x |
| Goodwill | 126.31M | 126.31M | 110.22M | 77.27M | 77.27M | 77.27M | 11.24M | 11.24M | 1.38M | 0 |
| Intangible Assets | 33.52M | 36.55M | 41.88M | 10.72M | 14.77M | 49.22M | 5.88M | 7.19M | 4.07M | 1.72M |
| Long-Term Investments | 45.65M | 0 | 122.01M | 328.33M | 189.84M | 317.52M | 228.05M | 21.8M | 3.19M | 3.7M |
| Other Non-Current Assets | 5.66M | 7.79M | 7.87M | 1.35M | 1.97M | 1.05M | 3M | 3.69M | 3.65M | 4.04M |
| Total Assets | 695.22M | 683.11M | 1.07B | 1.02B | 923.8M | 931.57M | 861.2M | 236.36M | 111.03M | 69.77M |
| Asset Turnover | 0.47x | 0.63x | 0.37x | 0.35x | 0.37x | 0.32x | 0.22x | 0.45x | 0.68x | 0.75x |
| Asset Growth % | -49.54% | -36.16% | 4.53% | 10.8% | -0.83% | 8.17% | 264.36% | 112.88% | 59.13% | - |
| Total Current Liabilities | 257.26M | 247.4M | 684.95M | 205.43M | 197.1M | 189.04M | 145.87M | 81.94M | 53.78M | 42.86M |
| Accounts Payable | 9.93M | 9.08M | 5.53M | 5.49M | 8.63M | 8.7M | 3.62M | 3.75M | 3.36M | 2.61M |
| Days Payables Outstanding | 34.97 | 39.86 | 28.62 | 32.42 | 47.76 | 61.39 | 39.83 | 61.57 | 78.6 | 71.27 |
| Short-Term Debt | 2.75M | 3.37M | 457.86M | 0 | 0 | 2.27M | 560K | 503K | 445K | 471K |
| Deferred Revenue (Current) | 79.2M | 18.57M | 20.09M | 11.05M | 11.35M | 12.14M | 5.96M | 3.25M | 9.63M | 7.59M |
| Other Current Liabilities | 224.41M | 216.38M | 178.55M | 142.29M | 134.48M | 118.62M | 92.03M | 53.01M | 44.92M | 36.17M |
| Current Ratio | 1.85x | 1.94x | 1.10x | 2.89x | 3.17x | 2.48x | 4.05x | 2.28x | 1.80x | 1.37x |
| Quick Ratio | 1.85x | 1.94x | 1.10x | 2.89x | 3.17x | 2.48x | 4.05x | 2.28x | 1.79x | 1.37x |
| Cash Conversion Cycle | -4.64 | - | - | - | - | - | - | - | -67.21 | - |
| Total Non-Current Liabilities | 17.26M | 23.72M | 22.38M | 462.4M | 460.97M | 395.66M | 369.93M | 5.61M | 3.28M | 3.81M |
| Long-Term Debt | 0 | 798K | 0 | 455.31M | 452.76M | 372.08M | 354.18M | 2.54M | 2.79M | 3.46M |
| Capital Lease Obligations | 3.83M | 798K | 2.75M | 4.48M | 6.65M | 10.48M | 13.86M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 9.35M | 1.8M | 474K | 0 | 0 | 184K | 124K | 124K |
| Other Non-Current Liabilities | 16.64M | 22.13M | 10.28M | 813K | 1.08M | 13.1M | 1.89M | 2.89M | 488K | 356K |
| Total Liabilities | 274.52M | 271.12M | 707.32M | 667.83M | 658.07M | 584.7M | 515.8M | 87.55M | 57.06M | 46.67M |
| Total Debt | 3.38M | 4.96M | 463.21M | 462.36M | 462.17M | 387.88M | 371.91M | 3.04M | 3.24M | 3.93M |
| Net Debt | -135.88M | -123.66M | 329.74M | 278.68M | 375.42M | 316.73M | 103.88M | -21.13M | -52.72M | -23.94M |
| Debt / Equity | 0.01x | 0.01x | 1.28x | 1.30x | 1.74x | 1.12x | 1.08x | 0.02x | 0.06x | 0.17x |
| Debt / EBITDA | 0.13x | 0.37x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -5.16x | -9.15x | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | 5.36x | 2.79x | -6.96x | -2.22x | -2.40x | - | - | - |
| Total Equity | 420.7M | 411.98M | 362.65M | 355.77M | 265.73M | 346.87M | 345.4M | 148.81M | 53.97M | 23.1M |
| Equity Growth % | 73.45% | 13.6% | 1.93% | 33.88% | -23.39% | 0.42% | 132.11% | 175.71% | 133.66% | - |
| Book Value per Share | 11.49 | 11.08 | 9.58 | 9.09 | 7.21 | 9.65 | 10.69 | 7.26 | 2.10 | 0.90 |
| Total Shareholders' Equity | 420.7M | 411.98M | 362.65M | 355.77M | 265.73M | 346.87M | 345.4M | 148.81M | 53.97M | 23.1M |
| Common Stock | 797.34M | 786.2M | 727.18M | 0 | 0 | 0 | 0 | 0 | 0 | 110.63M |
| Retained Earnings | -377.19M | -377.74M | -366.19M | -284.36M | -288.04M | -237.59M | -172.57M | -157.76M | -123.59M | -87.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 550K | 3.53M | 1.67M | -714K | -12.06M | -1.09M | 532K | 238K | -598K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SMB demand cyclicality
As reported in financial statements, Fiverr has aggressively reduced its total debt from $463.2 million in 2024Q4 to a negligible $3.4 million by 2026Q1, effectively eliminating the leverage risk that previously characterized the company's capital structure during its earlier expansionary phase.
The rapid paydown of debt suggests a pivot toward a more conservative capital structure, likely intended to insulate the firm from interest rate volatility. This transition significantly enhances the durability of future cash flows by removing mandatory interest obligations from the balance sheet.
According to recent SEC filings, the company's current ratio has fluctuated significantly, settling at 1.85 in 2026Q1, which indicates a sufficient liquidity buffer to cover short-term liabilities despite the recent reduction in total cash reserves from the 2025Q3 peak of $561.2 million.
While the cash position has normalized from its 2025 highs, the current ratio remains well above parity, suggesting that the company maintains adequate working capital to navigate potential demand fluctuations in the SMB sector. Investors should monitor whether this liquidity remains stable as the company continues its share repurchase program.
Based on the provided balance sheet data, Fiverr's equity base of $420.7 million in 2026Q1 remains constrained by a persistent accumulated deficit of $377.2 million, which reflects the historical cost of aggressive customer acquisition and platform development during the company's high-growth years.
The negative retained earnings balance suggests that the company is still working to offset the capital intensity of its earlier growth strategy. Future equity growth will likely depend on the company's ability to generate consistent net income to begin reversing this long-standing deficit.
As indicated by the company's reported figures, Fiverr maintains an asset-light profile with net PPE of only $5.8 million in 2026Q1, confirming that the business model relies primarily on intangible platform infrastructure rather than physical capital to drive its marketplace operations.
The concentration of assets in goodwill, which stands at $126.3 million, warrants further investigation regarding potential impairment risks if the acquired businesses fail to deliver expected synergies. The minimal investment in physical assets underscores the scalability of the platform but highlights the importance of intangible brand equity.
Quick answers to the most common questions about buying FVRR stock.
As of 2025, Fiverr International Ltd. (FVRR) had total assets of $683.1M including $479.1M in current assets.
Fiverr International Ltd. (FVRR) carries total debt of $5.0M, offset by $286.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Fiverr International Ltd. (FVRR) has total shareholders' equity (book value) of $412.0M ($11.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Fiverr International Ltd. (FVRR) reported a current ratio of 1.94x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.