Fiverr International (FVRR) financial statements
Fiverr International reported revenue of $431M in fiscal 2025, up 30.2% a year over 8 years.
Net income was $21M and the operating margin -0.3%, against -37.5% in 2017.
Free cash flow was $103M, and the company returned $33M in net buybacks.
The diluted share count rose 485% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fiverr International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52M | $76M | $107M | $190M | $298M | $337M | $361M | $391M | $431M |
| Cost of revenue | $13M | $16M | $22M | $33M | $52M | $66M | $62M | $71M | $79M |
| Gross profit | $39M | $60M | $85M | $156M | $246M | $271M | $300M | $321M | $351M |
| Research and development | $16M | $26M | $34M | $46M | $79M | $93M | $91M | $90M | $91M |
| Selling, general and admin | $42M | $70M | $85M | $122M | $212M | $226M | $224M | $246M | $262M |
| Operating income | -$20M | -$36M | -$35M | -$12M | -$45M | -$75M | -$15M | -$16M | -$1M |
| Interest expense | — | — | — | $4M | $20M | $3M | $3M | $3M | $2M |
| Pre-tax income | -$19M | -$36M | -$33M | -$15M | -$65M | -$71M | $5M | $12M | $23M |
| Income tax | $294,000 | — | $160,000 | $200,000 | $159,000 | $577,000 | $1M | -$6M | $2M |
| Net income | -$19M | -$36M | -$34M | -$15M | -$65M | -$71M | $4M | $18M | $21M |
| EPS (diluted) | -$3.04 | -$5.42 | -$1.67 | -$0.46 | -$1.81 | -$1.94 | $0.09 | $0.48 | $0.56 |
| Diluted shares | 6M | 7M | 21M | 32M | 36M | 37M | 39M | 38M | 37M |
| Gross margin | 74.4% | 79.3% | 79.2% | 82.5% | 82.6% | 80.5% | 82.9% | 82.0% | 81.6% |
| Operating margin | -37.5% | -48.3% | -32.5% | -6.2% | -15.2% | -22.1% | -4.2% | -4.0% | -0.3% |
| Net margin | -37.1% | -47.8% | -31.3% | -7.8% | -21.8% | -21.2% | 1.0% | 4.7% | 4.9% |
Balance sheet
Fiscal years, from Fiverr International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $56M | $113M | $397M | $189M | $328M | $331M | $422M | $243M |
| Total current assets | — | $97M | $187M | $591M | $468M | $625M | $594M | $756M | $481M |
| Property, plant and equipment | — | $5M | $5M | $6M | $7M | $6M | $5M | $4M | $3M |
| Goodwill | — | $1M | $11M | $11M | $77M | $77M | $77M | $110M | $126M |
| Total assets | — | $111M | $236M | $861M | $932M | $924M | $1.0B | $1.1B | $685M |
| Total current liabilities | — | $54M | $82M | $146M | $189M | $197M | $205M | $685M | $249M |
| Long-term debt | — | $3M | $3M | $2M | $0 | — | — | — | — |
| Total liabilities | — | $57M | $88M | $516M | $585M | $658M | $668M | $707M | $273M |
| Shareholders' equity | $23M | $54M | $149M | $345M | $347M | $266M | $356M | $363M | $412M |
| Net debt | -$28M | -$53M | -$21M | -$265M | -$69M | -$87M | -$184M | -$133M | -$125M |
Cash flow
Fiscal years, from Fiverr International's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5M | -$52M | -$14M | $17M | $38M | $30M | $83M | $83M | $105M |
| Capital spending | $3M | $2M | $2M | $3M | $3M | $2M | $1M | $1M | $1M |
| Free cash flow | -$9M | -$53M | -$16M | $14M | $35M | $28M | $82M | $82M | $103M |
| Stock-based compensation | $1M | $12M | $9M | $16M | $55M | $72M | $69M | $74M | $51M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$100M | -$33M |
| Net borrowing | $857,000 | -$421,000 | -$470,000 | -$524,000 | -$565,000 | -$2M | $0 | $0 | $0 |
| Free cash flow margin | -16.6% | -70.6% | -14.7% | 7.6% | 11.9% | 8.3% | 22.7% | 20.9% | 24.0% |
Questions
What was Fiverr International's revenue in 2025?
$431M in fiscal 2025, from its 10-K filing.
How much free cash flow does Fiverr International generate?
$103M in fiscal 2025 (operating cash flow minus capital spending).
From Fiverr International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.