Fiverr International Ltd.

Fiverr International Ltd. (FVRR) reported FY 2025 revenue of $430.9M, up 10.1% YoY from $391.5M in 2024, driven by 50.9% growth in services revenue to $133.4M (31% of total) offsetting a 1.8% decline in marketplace revenue to $297.5M. Gross profit rose 9.6% to $351.5M with stable 81.6% margin. Operating loss narrowed to -$1.2M from -$15.8M, reflecting cost discipline amid restructuring. Net income improved to $21.0M ($0.58 basic EPS) from $18.2M ($0.49). Marketplace GMV fell 2.2% to $1,073.0M due to 13.6% drop in annual active buyers (3.1M) partially offset by 13.3% higher spend per buyer ($342). Strong operating cash flow of $104.6M supported $32.5M share repurchases and $20.1M acquisitions. Balance sheet strengthened with $684.6M total assets, $412.0M equity, and $125.2M cash despite $460.0M convertible notes repayment. Upmarket shift and services expansion position Fiverr for AI-driven growth amid SMB headwinds.

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