Fiverr International (FVRR) Company Report

Analyst Coverage

Research analysts who have asked questions during Fiverr International earnings calls.

Ronald Josey

Citigroup Inc.

6 questions for FVRR

Also covers: ABNB, ACVA, AMZN +18 more

Eric Sheridan

Goldman Sachs

5 questions for FVRR

Also covers: ABNB, ACVA, AMZN +47 more

Marvin Fong

BTIG, LLC

5 questions for FVRR

Also covers: ATER, CARG, CARS +10 more

Rohit Kulkarni

ROTH Capital Partners, LLC

5 questions for FVRR

Also covers: KIND, LYFT, RCT +4 more

Bernard McTernan

Needham & Company

4 questions for FVRR

Also covers: APP, BBBY, BYON +17 more

Jason Helfstein

Oppenheimer & Co. Inc.

4 questions for FVRR

Also covers: ANGI, BLDE, CART +23 more

Joshua Chan

UBS Group AG

4 questions for FVRR

Also covers: ABM, APG, ARMK +16 more

Andrew Boone

JMP Securities

3 questions for FVRR

Also covers: ACVA, CARG, CART +26 more

Douglas Anmuth

JPMorgan Chase & Co.

3 questions for FVRR

Also covers: ABNB, AMZN, BKNG +17 more

Matthew Condon

Not Specified in Transcript

3 questions for FVRR

Also covers: ANGI, CTV, DSP +12 more

Audrey

RBC

2 questions for FVRR

Bernie McTernan

Needham

2 questions for FVRR

Also covers: APP, BBBY, DASH +3 more

Brad Erickson

RBC Capital Markets

2 questions for FVRR

Also covers: ANGI, CARG, CVNA +9 more

Chad (on for Spiro Dounis)

Citi

2 questions for FVRR

Also covers: ENLC, ZM

Josh Chan

UBS

2 questions for FVRR

Also covers: BFAM, CTAS, EXPO +8 more

Nathaniel Schindler

Scotiabank

2 questions for FVRR

Also covers: APP, DSP, NEXN

Latest news

Recent press releases and 8-K filings for FVRR.

Fiverr International Reports Q4 and Full-Year 2025 Results, Announces Strategic Shift and 2026 Guidance

FVRR

Earnings

Guidance Update

New Projects/Investments

Fiverr reported Q4 2025 revenue of $107.2 million, an increase of 3% year-over-year, contributing to full-year 2025 revenue growth of 10%, which accelerated from 8% in 2024.
Adjusted EBITDA for Q4 2025 was $26.5 million with a 25% margin, and full-year 2025 Adjusted EBITDA reached $92 million with a 21% margin.
The company is undergoing a strategic transformation to evolve from a transaction-oriented marketplace into a trusted work platform, focusing on larger, more complex projects and AI-native work, while intentionally deprioritizing low-end transactions.
Fiverr provided full-year 2026 revenue guidance in the range of $380 million-$420 million, representing a year-over-year decline of -12% to -3%.
Ofer Katz will transition from CFO to President, with Esti assuming the CFO role.

Feb 18, 2026, 1:30 PM

Transcript

Fiverr International Reports Q4 2025 Results and Announces Strategic Transformation

FVRR

Earnings

Guidance Update

New Projects/Investments

Fiverr reported Q4 2025 revenue of $107.2 million, a 3% year-over-year increase, and full-year 2025 revenue growth of 10% to $92 million adjusted EBITDA.
The company is undergoing a multi-year transformation to focus on high-value and AI-native work, deprioritizing low-end transactions, which is expected to lead to revenue decline in 2026 but accelerate growth in 2027 and beyond.
For full-year 2026, Fiverr expects revenue between $380 million and $420 million (a year-over-year decline of 12% to 3%), with adjusted EBITDA expected between $60 million and $80 million.
Ofer Katz transitioned from CFO to President, and Esti was appointed as the new CFO.
Fiverr repaid a $460 million convertible note in Q4 2025 and has $67.5 million remaining on its share buyback authorization as of December 31, 2025.

Feb 18, 2026, 1:30 PM

Transcript

Fiverr International Reports Q4 and Full Year 2025 Results, Announces Strategic Transformation and 2026 Guidance

FVRR

Earnings

Guidance Update

New Projects/Investments

Fiverr reported Q4 2025 revenue of $107.2 million, an increase of 3% year-over-year, contributing to FY 2025 revenue growth of 10%. Adjusted EBITDA for Q4 2025 reached $26.5 million with a 25% margin, and $92 million for FY 2025 with a 21% margin.
The company is undergoing a significant transformation, shifting its focus from a transaction-oriented marketplace to a trusted work platform by prioritizing high-value and AI-native work and deprioritizing low-end transactions. This strategic pivot aims to accelerate growth in segments like GMV from projects over $1,000, which grew 22.8% year-over-year in Q4 2025.
For FY 2026, Fiverr expects revenue to be between $380 million and $420 million, representing a year-over-year growth range of -12% to -3%. Adjusted EBITDA for the full year is projected to be $60 million to $80 million, with an 18% margin at the midpoint, reflecting investments in the transformation.
Ofer will transition from CFO to President, with Esti assuming the CFO role. The company maintains a disciplined capital allocation strategy, with $67.5 million remaining on its current share buyback authorization as of December 31, 2025.

Feb 18, 2026, 1:30 PM

Transcript

Fiverr Announces Q4 and Full Year 2025 Results

FVRR

Earnings

Guidance Update

Management Change

Fiverr reported full year 2025 revenue of $430.9 million, a 10.1% increase year over year, with Adjusted EBITDA margin reaching 21.3%.
In Q4 2025, revenue was $107.2 million, up 3.4% year over year, and Non-GAAP diluted net income per share was $0.86.
The company is executing a multi-year transformation plan to focus on high-value work and AI-native capabilities, which may lead to near-term growth volatility but aims for accelerated growth in 2027 and beyond.
Annual active buyers decreased 13.6% to 3.1 million as of December 31, 2025, while annual spend per buyer increased 13.3% to $342.
For full-year 2026, Fiverr anticipates revenue between $380 - $420 million (a 12% to 3% decline year over year) and Adjusted EBITDA between $60 - $80 million, reflecting investments in foundational work and market uncertainty.

Feb 18, 2026, 11:03 AM

6-K

Fiverr Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Announces Leadership Changes

FVRR

Earnings

Guidance Update

Management Change

Fiverr International (FVRR) reported full-year 2025 revenue of $430.9 million, a 10.1% year-over-year increase, with an Adjusted EBITDA margin of 21.3%. For Q4 2025, revenue was $107.2 million, up 3.4% year-over-year, and Adjusted EBITDA margin was 24.7%.
As of December 31, 2025, annual active buyers declined by 13.6% to 3.1 million, while annual spend per buyer increased by 13.3% to $342. The company noted a continued evolution towards high-value work and growth in GMV from transactions over $1,000.
Fiverr is executing a multi-year transformation plan focused on scaling trust, quality, and AI-native capabilities, involving a disciplined investment phase to drive growth in 2027 and beyond.
For Q1 2026, revenue is projected to be between $100 million and $108 million, and full-year 2026 revenue is expected to range from $380 million to $420 million, reflecting elevated uncertainty and an intentional deprioritization of incremental optimization of low-end transactions.
Esti Levy Dadon has been promoted to CFO, and Jinjin Qian to Chief Business Officer, as part of a leadership structure refinement to support long-term growth and operational complexity.

Feb 18, 2026, 6:00 AM

Press Release

Fiverr Reports Q3 2025 Results and Raises Full-Year Adjusted EBITDA Guidance

FVRR

Earnings

Guidance Update

New Projects/Investments

Fiverr reported Q3 2025 revenue of $107.9 million, an 8% year-over-year increase, and achieved a record adjusted EBITDA margin of 22%.
The company is prioritizing up-market expansion and AI enablement, with spend per buyer increasing 12% year over year, managed services GMV growing 65% year over year, and dynamic matching GMV growing 22% year over year.
For the full year 2025, Fiverr raised its adjusted EBITDA guidance to a range of $88-$93 million and expects revenue between $428-$436 million.
A strategic restructuring in September contributed to enhanced operational efficiency and increased adjusted EBITDA guidance, accelerating the company's evolution into an AI-first company.

Nov 5, 2025, 1:30 PM

Transcript

Fiverr International Ltd. Announces Third Quarter 2025 Results

FVRR

Earnings

Guidance Update

New Projects/Investments

Fiverr International Ltd. reported Q3 2025 revenue of $107.9 million, an 8.3% increase year-over-year, with Adjusted EBITDA reaching $24.2 million and an Adjusted EBITDA margin of 22.4%.
The company achieved GAAP net income of $5.5 million or $0.15 basic and diluted net income per share in Q3 2025, compared to $1.4 million or $0.04 in Q3 2024.
While annual active buyers declined by 11.7% to 3.3 million as of September 30, 2025, annual spend per buyer increased by 11.7% to $330. This was supported by Services revenue growth of 39.6% to $34.3 million, which offset a 2.0% decline in Marketplace revenue.
For Q4 2025, Fiverr forecasts revenue between $104.3 million and $112.3 million and Adjusted EBITDA between $23.9 million and $27.9 million. The company is making focused investments in AI and upmarket services to reaccelerate marketplace growth.

Nov 5, 2025, 1:00 PM

6-K

Fiverr International Announces Strong Third Quarter 2025 Results and 2025 Guidance

FVRR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Fiverr International reported Q3 2025 revenue of $107.9 million, an 8.3% increase year-over-year, with Services revenue growing 39.6% to $34.3 million.
The company achieved its highest-ever Adjusted EBITDA of $24.2 million and an Adjusted EBITDA margin of 22.4% in Q3 2025, alongside non-GAAP net income of $30.5 million.
Annual spend per buyer increased 11.7% to $330 as of September 30, 2025, despite an 11.7% decline in annual active buyers to 3.3 million, indicating growth in higher-value projects.
Fiverr issued Q4 2025 revenue guidance of $104.3 million to $112.3 million and full-year 2025 revenue guidance of $428 million to $436 million.
Management emphasized continued investments in AI and upmarket initiatives to reaccelerate marketplace growth and expand value-added services, aiming to position the business for a successful 2026.

Nov 5, 2025, 6:00 AM

Press Release

Fiverr Announces Workforce Reduction and Accelerated Adjusted EBITDA Margin Target

FVRR

Layoffs

Guidance Update

New Projects/Investments

Fiverr International Ltd. announced a reduction in force of approximately 250 team members across various departments as part of a transformation to become a leaner, more efficient, and AI-first organization.
The company is reiterating its guidance for Q3 and FY25 and does not expect the changes to materially impact business activities in the immediate future.
Fiverr anticipates achieving its long-term Adjusted EBITDA margin of 25% in 2026, one year ahead of its target, by reinvesting part of the savings from the reduction in force and allowing the rest to flow to Adjusted EBITDA.

Sep 15, 2025, 8:05 PM

6-K