The Palantir Paradox—Record Numbers and a Stock That Won't CooperateFiverr International NYSE: FVRR reported second-quarter revenue of $97.8 million, down 10% from a year earlier, as the company said accelerating adoption of artificial intelligence is compressing demand for lower-value transactional freelance work.
Founder and CEO Micha Kaufman described the quarter as transitional, saying Fiverr is shifting from a transaction-oriented marketplace toward a platform focused on higher-value, longer-duration projects that combine AI tools with human expertise, judgment and accountability.
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Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish“AI is automating simple tasks,” Kaufman said. “Fiverr is moving toward larger, longer duration projects where AI deployment meets human judgment, strategic partnership, and accountability.”
Marketplace pressure offsets higher-value growth Marketplace revenue totaled $63.1 million in the second quarter, declining 15.5% year over year. Fiverr reported 2.7 million active buyers, a 22% decline from the prior-year period, while spend per buyer increased 15.6% to $368. The marketplace take rate was 28%.
Small-Caps, Big Buybacks: 3 Stocks With Large Buyback CapacityChief Financial Officer Esti Levy Dadon said the active-buyer decline was primarily driven by the compression of low-value transactional work, which remains the majority of Fiverr’s marketplace activity. Transaction volume fell by at least 10% year over year across most project categories below $1,000 on a trailing-12-month basis, she said. Writing and translation recorded the steepest decline, at more than 24%.
At the same time, projects valued at $1,000 or more accounted for 15% of completed projects’ gross order amount on a trailing-12-month basis. Clients completing projects above $1,000 grew 13% year over year, Kaufman said. Programming and tech projects above that threshold increased 34%, while graphics and design grew 25%.
Management also pointed to growing demand for AI-related services. Kaufman said demand for AI user-generated-content video ads rose 265%, while AI video ads increased 63%. Search volume for AI voice agents climbed 49%, AI mobile app development rose 92%, and AI website development increased 39%.
According to Kaufman, businesses are increasingly seeking freelancers for complex AI integrations and workflow automation rather than basic chatbot deployment. He said the company’s target market is outcome-based project work, including projects that can involve multiple specialists, rather than staffing placement.
Traffic headwinds prompt lower outlook Fiverr said it experienced a noticeable slowdown in marketplace traffic and demand in recent weeks, a trend that continued into the third quarter and is expected to persist for the foreseeable future.
Kaufman said recent large-language-model updates and the integration of AI-generated summaries into search experiences are contributing to the traffic pressure. In particular, he said Google’s integration of Gemini into search exposes more users to LLM experiences and can reduce clicks to paid and organic links.
“Traffic used to come only from search, then it became LLMs as well, and now it’s becoming hybrids of LLMs and traditional search,” Kaufman said. “That essentially lowers the volume of traffic.”
He added that Fiverr is investing in generative engine optimization and pursuing multiple acquisition channels. The company was among the early advertising partners on ChatGPT, he said, although he characterized the opportunity as still in its early stages. Fiverr also launched a discovery campaign in June aimed at e-commerce merchants scaling TikTok shops, including Amazon FBA and Shopify merchants.
Services revenue rose 2% year over year to $34.6 million and represented 35% of total revenue. Levy Dadon said services growth slowed from the first quarter and is expected to continue decelerating in the second half, with the company exiting 2026 at a double-digit decline in services revenue. She cited softening demand from influencer campaigns and dropshipping, as well as weakness in Fiverr Ads, Seller Plus and AutoDS.
Company highlights matching and fulfillment investments Fiverr is deploying technology intended to improve matching quality and project outcomes for higher-value orders. Kaufman said the company’s proprietary Knowledge Graph analyzes the client, talent, project scope and order details.
Early tests of live talent skill extraction resolved as much as 58% of conversation skill mismatches across more than 450 mismatch events, according to Kaufman. A graph neural network model for dynamic matching produced a 7% reduction in cancellation rates in initial tests compared with Fiverr’s existing model.
The company also launched the first phase of a standardized fulfillment layer in production. Kaufman said it evaluates transactional quality with a verified 91% precision rate across more than 84% of completed projects in initial testing. Fiverr’s semantic onboarding models and corporate know-your-customer initiatives have also moved into production, with development testing showing an 8% lift in new-customer conversion.
Management said these initiatives will require time to meaningfully affect financial results. The company now expects the financial impact of its transformation to take at least six quarters to materialize, beginning in the current period.
Profitability, cash flow and guidance Second-quarter adjusted EBITDA was $17.5 million, down 18.3% year over year, with an adjusted EBITDA margin of 17.9%, down 180 basis points. Levy Dadon said margin pressure was partly limited by discretionary-spending controls, internal AI efficiencies and balanced marketing spending.
Fiverr ended the quarter with $308.5 million in cash and investments and generated $13.6 million in free cash flow. The company said it expects full-year free cash flow to be lower than in each of the prior two years, though management emphasized continued profitability, cash generation and cost discipline.
Third-quarter 2026 revenue guidance: $80 million to $88 million, representing a year-over-year decline of 26% to 18%. Third-quarter adjusted EBITDA guidance: $8 million to $12 million, with an 11.9% margin at the midpoint. Full-year 2026 revenue guidance: $356 million to $372 million, representing a year-over-year decline of 17% to 14%. Full-year adjusted EBITDA guidance: $52 million to $62 million, with a 15.7% margin at the midpoint. Levy Dadon said Fiverr intends to protect research and development spending needed for the transformation while adjusting marketing and discretionary costs as conditions warrant. She said the company is not currently planning inorganic investment, though it will remain opportunistic while prioritizing internal platform investment and financial flexibility.
About Fiverr International (NYSE:FVRR)Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.
Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.
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Fiverr’s dramatic stock collapse on Wednesday is proving to be a real-time example of how artificial intelligence is decimating the gig economy.
Shares of online freelance marketplace Fiverr International (Nasdaq: FVRR) were down over 20% midday Wednesday at the time of this writing, after the company reported lackluster second-quarter 2026 fiscal earnings.
Fiverr reported $97.78 million in revenue, missing analyst estimates of $100.38 million, a gap of -2.59%.
That year-over-year (YoY) decline of 10% was “due to a decline in low-value transactional work,” according to Fiverr chief technology officer Esti Levy Dadon.
Earnings-per-share (EPS) of $0.50 also came in short of expectations of $0.52, off by -3.85%, and down from $0.69 a year ago.
“[This quarter] reflects an ongoing compression in high volume, low value transactional work driven by accelerating AI adoption,” Fiverr founder and CEO Micha Kaufman said in an earnings call on Wednesday morning. “As LLMs continue to evolve rapidly, we’re seeing our customers accelerate their adoption of AI and workflow automation.”
Kaufman said high-value work on Fiverr represents only 15% of completed projects’ gross order value, and is expected to continue to grow, while transactional work, which represents the rest, continues to compress.
Fiverr International Ltd. (FVRR) Q2 2026 Earnings Call July 29, 2026 8:30 AM EDT
Company Participants
Emily Greenstein - Senior Investor Relations Manager
Micha Kaufman - Co-Founder, CEO & Chairman of the Board
Esti Dadon - Chief Financial Officer
Conference Call Participants
Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Ronald Josey - Citigroup Inc., Research Division
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
Nathaniel Schindler - Scotiabank Global Banking and Markets, Research Division
Stefanos Crist - Needham & Company, LLC, Research Division
Bradley Erickson - RBC Capital Markets, Research Division
Matthew Condon - Citizens JMP Securities, LLC, Research Division
Marvin Fong - BTIG, LLC, Research Division
Joshua Chan - UBS Investment Bank, Research Division
Presentation
Operator
Good day, and welcome to the Fiverr Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Emily Greenstein, Senior Investor Relations Manager. Please go ahead.
Thank you, operator, and good morning, everyone. Thank you for joining us on Fiverr's earnings conference call for the second quarter that ended June 30, 2026. Joining me on the call today are Micha Kaufman, Founder and CEO; and Esti Levy Dadon, CFO.
Before we start, I would like to remind you that during this call, we may make forward-looking statements and that these statements are based on our current expectations and assumptions as of today, and Fiverr assumes no obligation to update or revise them. A discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements can be found under the Risk Factors section in Fiverr's most recent Form 20-F and other filings with the SEC.
During this call, we'll be referring to some key performance metrics and non-GAAP financial measures, including
Shares of Fiverr International (FVRR -20.45%), a platform for freelance workers, tumbled today after the company reported second-quarter results that missed Wall Street's consensus estimates.
Investors have already been concerned about the company's ability to thrive amid AI disruption, and the latest results didn't put their fears to rest.
Fiverr stock was down by 19.4% as of 1:48 p.m.
Image source: Getty Images.
A disappointing quarter Fiverr investors have been running for the hills over the past year, with its share price dropping about 63% over the past 12 months. They've been concerned that the work many freelancers do will be replaced by artificial intelligence, resulting in Fiverr's platform being far less valuable than it was just several years ago.
Shareholders didn't get the reassurance they were looking for, as the company reported revenue of $97.8 million in the second quarter -- a 10% decline from the year-ago quarter. Fiverr's sales also missed analysts' consensus revenue estimate of $99.8 million.
The company's earnings also failed to impress, with adjusted non-GAAP earnings of $0.50 per share falling short of Wall Street's consensus estimate of $0.52 per share.
Fiverr CEO Micha Kaufman noted that the company is repositioning itself toward listing higher-value projects, like those worth $1,000 or more, saying,
"Our second quarter performance reflects the early stages of a significant transition, as we manage an accelerated shift in how rapid AI adoption impacts low-value, transactional work."
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Tough times ahead Fiverr shareholders will likely have some more tough times ahead, as the company lowered its full-year guidance.
Management now estimates 2026 revenue will be $364 million, down from its previous guidance of $400 million, both at the midpoint. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are now estimated to be $57 million for the year, far below its previous guidance of $72 million, both at the midpoint.
Given the revenue decline in the second quarter, the revenue and earnings miss, and the company lowering its 2026 guidance, it's not surprising to see investors questioning whether Fiverr stock is worth holding on to.
Fiverr International (FVRR - Free Report) reported $97.78 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 10%. EPS of $0.50 for the same period compares to $0.69 a year ago.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $100.38 million. With the consensus EPS estimate being $0.52, the EPS surprise was -3.85%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fiverr performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual Active Buyers: 2.68 million versus the two-analyst average estimate of 2.74 million.Marketplace Take Rate: 28% compared to the 27.7% average estimate based on two analysts.Revenue- Marketplace: $63.14 million versus $64.38 million estimated by two analysts on average.Revenue- Services: $34.64 million versus the two-analyst average estimate of $36 million.View all Key Company Metrics for Fiverr here>>>
Shares of Fiverr have returned +12.3% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Fiverr International (FVRR - Free Report) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.63 per share when it actually produced earnings of $0.62, delivering a surprise of -1.59%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fiverr, which belongs to the Zacks Internet - Commerce industry, posted revenues of $97.78 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.59%. This compares to year-ago revenues of $108.65 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fiverr shares have lost about 41.4% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Fiverr?While Fiverr has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fiverr was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $99.41 million in revenues for the coming quarter and $2.19 on $403.86 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, MercadoLibre (MELI - Free Report) , has yet to report results for the quarter ended June 2026.
This operator of an online marketplace and payments system in Latin America is expected to post quarterly earnings of $8.69 per share in its upcoming report, which represents a year-over-year change of -15.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MercadoLibre's revenues are expected to be $9.77 billion, up 43.9% from the year-ago quarter.
Strategic shift towards upmarket: Transitioning from a transaction-oriented marketplace toward a trusted work platform for higher-value projects.Early indicators in higher-value work: Clients completing $1,000+ projects grew 13% y/y on a trailing twelve month basis.Infrastructure and matching optimization: Implemented upgrades to improve matching quality and project outcomes for higher-value work, including live deployment of Fiverr’s proprietary Knowledge Graph.Capital allocation and liquidity: Generated $13.6 million in free cash flow and ended with a cash, cash equivalent, deposits and marketable securities balance of $308.5 million.2026 Outlook: Provided revised financial guidance ranges through fiscal year 2026 to reflect AI-related demand and traffic headwinds observed in recent weeks that have continued into the third quarter, and persistent weakness across categories most exposed to AI automation. NEW YORK, July 29, 2026 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is transforming the way the world creates and works together, today reported financial results for the second quarter 2026. Additional operating results and management commentary can be found in the Company’s shareholder letter, which is posted to its investor relations website at investors.fiverr.com.
“What we’re seeing right now is an accelerated evolution of the freelance economy. Our second quarter results reflect a market that is changing faster than expected, driven by rapid AI adoption. As a result, we are focused on repositioning toward higher-value work. While AI absorbs high-volume, low-value, transactional tasks, it is also unlocking the need for longer duration projects where AI tools enhance human expertise, workflow management, and accountability,” said Micha Kaufman, founder and CEO of Fiverr. “This is a multi-quarter transformation, and our priority is to execute with discipline as we build Fiverr into a trusted destination for higher-value work.”
“Our second quarter performance reflects the early stages of a significant transition, as we manage an accelerated shift in how rapid AI adoption impacts low-value, transactional work. We have adjusted our guidance to reflect these ongoing dynamics and the time required for our transformation initiatives to materialize in the financial results,” said Esti Levy-Dadon, CFO of Fiverr. “Importantly, we continue to run a lean organization, focused on cost discipline to maintain profitability. Our balance sheet will provide the necessary flexibility as we stabilize the core marketplace, invest in our upmarket transition, and evaluate capital allocation opportunities with a focus on long-term value creation.”
Second Quarter 2026 Financial Highlights
Revenue in the second quarter of 2026 was $97.8 million, compared to $108.6 million in the second quarter of 2025, a decrease of 10.0% year over year.Marketplace revenue in the second quarter of 2026 was $63.1 million, compared to $74.7 million in the second quarter of 2025, a decline of 15.5% year over year.Annual active buyers1 as of June 30, 2026, were 2.7 million, compared to 3.4 million as of June 30, 2025, a decline of 21.9% year over year.Annual spend per buyer1 as of June 30, 2026, reached $368, compared to $318 as of June 30, 2025, an increase of 15.6% year over year.Marketplace take rate1 for the twelve months period ended June 30, 2026 was 28.0%, compared to 27.6% for the twelve months period ended June 30, 2025.Services revenue in the second quarter of 2026 was $34.6 million, compared to $34.0 million in the second quarter of 2025, an increase of 2.0% year over year.GAAP gross margin in the second quarter of 2026 was 81.7%, an increase of 50 basis points from 81.2% in the second quarter of 2025. Non-GAAP gross margin1 in the second quarter of 2026 was 84.7%, an increase of 20 basis points from 84.5% in the second quarter of 2025.GAAP net income in the second quarter of 2026 was $4.5 million, or $0.12 basic and diluted net income per share, compared to $3.2 million GAAP net income, or $0.09 basic and diluted net income per share in the second quarter of 2025.Non-GAAP net income1 in the second quarter of 2026 was $18.3 million, or $0.51 basic non-GAAP net income per share1 and $0.50 diluted non-GAAP net income per share1, compared to $27.4 million non-GAAP net income1, or $0.75 basic non-GAAP net income per share1 and $0.69 diluted non-GAAP net income per share1, in the second quarter of 2025.Net cash provided by operating activities in the second quarter of 2026 was $13.8 million, compared to $25.2 million in the second quarter of 2025, a decrease of 45.1% year over year.Free cash flow1 in the second quarter of 2026 was $13.6 million, compared to $25.0 million in the second quarter of 2025, a decrease of 45.5% year over year.Adjusted EBITDA1 in the second quarter of 2026 was $17.5 million, compared to $21.4 million in the second quarter of 2025. Adjusted EBITDA margin1 was 17.9% in the second quarter of 2026, compared to 19.7% in the second quarter of 2025, representing a 180 basis points decline year over year. Financial Outlook
Our revised financial guidance through the remainder of fiscal year 2026 reflects the accelerated impacts of certain external factors on the business, recent operating and financial performance, and the dynamic environment in which we will continue to operate as our business transformation progresses.
Fiverr’s management will host a conference call to discuss its financial results on Wednesday, July 29, 2026, at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Fiverr’s Investor Relations website. An archived version will be available on the website after the call. To participate in the conference call, please dial: Toll-Free: 1-833-630-1956 or International: 1-412-317-1837.
1 See “Key Performance Metrics and Non-GAAP Financial Measures” and reconciliation tables at the end of this release for additional information regarding the non-GAAP metrics and Key Performance Metrics used in this release.
About Fiverr
Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.
From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.
Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.
CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2026 2025 (Unaudited) (Audited)Assets Current assets: Cash and cash equivalents $151,194 $125,215 Marketable securities 29,099 117,705 User funds 156,422 159,849 Bank deposits 70,000 40,000 Restricted deposit 3,423 3,409 Other receivables 37,634 34,465 Total current assets 447,772 480,643 Long-term assets: Marketable securities 58,244 - Property and equipment, net 2,892 3,360 Operating lease right of use asset 2,035 3,513 Deferred Tax Assets, net 28,395 26,423 Intangible assets, net 30,461 36,554 Goodwill 126,313 126,313 Other non-current assets 4,627 7,795 Total long-term assets 252,967 203,958 TOTAL ASSETS $700,739 $684,601 Liabilities and Shareholders' Equity Current liabilities: Trade payables $12,128 $9,081 User accounts 146,589 149,454 Deferred revenue 18,019 18,567 Other account payables and accrued expenses 67,538 68,426 Operating lease liabilities 2,162 3,365 Total current liabilities 246,436 248,893 Long-term liabilities: Operating lease liabilities 516 798 Other non-current liabilities 16,531 22,926 Total long-term liabilities 17,047 23,724 TOTAL LIABILITIES $263,483 $272,617 Shareholders' equity: Share capital and additional paid-in capital 808,858 786,195 Accumulated deficit (372,723) (377,739)Accumulated other comprehensive income 1,121 3,528 Total shareholders' equity 437,256 411,984 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $700,739 $684,601 CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited)(Unaudited)(Unaudited)(Unaudited)Revenue$97,783 $108,648 $203,274 $215,832 Cost of revenue 17,852 20,384 36,685 40,780 Gross profit 79,931 88,264 166,589 175,052 Operating expenses: Research and development 18,627 23,994 36,688 47,621 Sales and marketing 41,515 44,844 87,094 92,234 General and administrative 15,409 21,415 29,932 42,381 Total operating expenses 75,551 90,253 153,714 182,236 Operating income (loss) 4,380 (1,989) 12,875 (7,184)Financial income and other, net 1,646 6,554 3,609 13,879 Income before taxes on income 6,026 4,565 16,484 6,695 Taxes on income (1,557) (1,377) (3,451) (2,709)Net income attributable to ordinary shareholders$4,469 $3,188 $13,033 $3,986 Basic net income per share attributable to ordinary shareholders$0.12 $0.09 $0.36 $0.11 Basic weighted average ordinary shares 36,313,450 36,585,998 36,112,297 36,523,934 Diluted net income per share attributable to ordinary shareholders$0.12 $0.09 $0.36 $0.11 Diluted weighted average ordinary shares 36,558,208 37,499,304 36,549,605 37,617,438 CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 (Unaudited) (Unaudited)Cash flows from operating activities: Net income $4,469 $3,188 $13,033 $3,986 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 3,425 4,089 6,839 8,373 Amortization of premium and accretion of discount of marketable securities, net (177) (1,530) (424) (1,597)Amortization of discount and issuance costs of convertible notes - 642 - 1,283 Shared-based compensation 8,223 14,055 17,205 29,809 Exchange rate fluctuations and other items, net (175) (345) (49) (344)Revaluation of earn-outs (90) 4,067 73 7,329 Changes in assets and liabilities: User funds 8,048 2,930 3,427 (10,810)Operating lease ROU assets and liabilities 45 385 (7) 312 Other receivables (2,196) (2,399) (2,843) (287)Deferred tax assets, net (1,060) (1,543) (1,972) (3,224)Trade payables 2,211 58 3,019 1,362 Deferred revenue (2,152) (1,163) (548) 749 User accounts (6,439) (2,579) (2,865) 10,356 Payment of earn-out (1,800) - (5,283) - Other accounts payable and accrued expenses 1,249 5,264 4,831 6,287 Non-current liabilities 262 85 583 (71)Net cash provided by operating activities 13,843 25,204 35,019 53,513 Investing Activities: Investment in marketable securities (39,230) - (63,654) (55,652)Proceeds from maturities of marketable securities 40,637 97,102 93,969 180,271 Investment in short-term bank deposits - (500) (30,000) (2,000)Proceeds from short-term bank deposits 5 - 5 843 Purchase of property and equipment (208) (185) (367) (472)Capitalization of internal-use software - - - (661)Other receivables and non-current assets - - 901 - Net cash provided by investing activities 1,204 96,417 854 122,329 Financing Activities Repurchases of common stock - - (8,017) - Proceeds from exercise of share options 369 2,101 1,349 2,579 Payment of earn-out - - (1,717) - Proceeds from withholding tax related to employees' exercises of share options and RSUs, net (226) 2,349 (507) 1,288 Deferred payment related to business combination - - (1,078) - Net cash provided by (used in) financing activities 143 4,450 (9,970) 3,867 Effect of exchange rate fluctuations on cash and cash equivalents 163 345 76 339 Increase in cash and cash equivalents 15,353 126,416 25,979 180,048 Cash and cash equivalents at the beginning of the period 135,841 187,104 125,215 133,472 Cash and cash equivalents at the end of the period $151,194 $313,520 $151,194 $313,520 REVENUE BREAKDOWN (in thousands(1)) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Marketplace Revenue $63,141 $74,689 $130,275 $152,363 Annual Active Buyers 2,676 3,425 2,676 3,425 Annual Spend per Buyer $368 $318 $368 $318 Marketplace Take Rate 28.0% 27.6% 28.0% 27.6% Services Revenue $34,642 $33,959 $72,999 $63,469 Total Revenue $97,783 $108,648 $203,274 $215,832 (1)Except for Annual Spend per Buyer and Marketplace Take Rate RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT (in thousands, except gross margin data) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY 2024 FY 2025 (Unaudited) (Unaudited) (Unaudited)GAAP gross profit $88,264 $88,137 $88,304 $86,658 $79,931 $320,915 $351,493 Add: Share-based compensation 403 365 39 256 247 2,136 1,230 Depreciation and amortization 3,155 2,186 2,446 2,582 2,605 7,017 10,951 Restructuring costs - 238 (35) - - - 203 Earn-out revaluation, acquisition related costs and other - (43) 6 6 6 28 7 Non-GAAP gross profit $91,822 $90,883 $90,760 $89,502 $82,789 $330,096 $363,884 Non-GAAP gross margin 84.5% 84.2% 84.7% 84.8% 84.7% 84.3% 84.4% RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME AND NET INCOME PER SHARE (in thousands, except share and per share data) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY 2024 FY 2025 (Unaudited) (Unaudited) (Unaudited)GAAP net income attributable to ordinary shareholders $3,188 $5,537 $11,460 $8,564 $4,469 $18,246 $20,983 Add: Depreciation and amortization 4,089 3,074 3,245 3,414 3,425 10,476 14,692 Share-based compensation 14,055 11,925 9,655 8,982 8,223 73,942 51,389 Impairment of intangible assets - 2,400 - - - - 2,400 Restructuring costs - 3,567 (143) - - - 3,424 Earn-out revaluation, acquisition related costs and other 5,294 3,111 7,854 1,725 1,496 5,631 20,858 Convertible notes amortization of discount and issuance costs 642 643 214 - - 2,555 2,140 Taxes on income related to non-GAAP adjustments (351) (235) (268) (278) (281) (16,610) (1,234)Exchange rate loss, net 531 431 126 463 1,008 859 446 Non-GAAP net income $27,448 $30,453 $32,143 $22,870 $18,340 $95,099 $115,098 Weighted average number of ordinary shares - basic 36,585,998 36,415,189 36,107,120 35,971,243 36,313,450 36,984,757 36,281,883 Non-GAAP basic net income per share attributable to ordinary shareholders $0.75 $0.84 $0.89 $0.64 $0.51 $2.57 $3.17 Weighted average number of ordinary shares - diluted 39,653,165 39,391,560 37,387,076 36,601,102 36,558,208 39,994,015 38,969,647 Non-GAAP diluted net income per share attributable to ordinary shareholders $0.69 $0.77 $0.86 $0.62 $0.50 $2.38 $2.95 RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA (in thousands, except adjusted EBITDA margin data) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY 2024 FY 2025 (Unaudited) (Unaudited) (Unaudited)GAAP net income $3,188 $5,537 $11,460 $8,564 $4,469 $18,246 $20,983 Add: Financial income and other (6,554) (6,815) (3,899) (1,963) (1,646) (27,706) (24,593)Taxes on income (tax benefit) 1,377 1,382 (1,658) 1,894 1,557 (6,358) 2,433 Depreciation and amortization 4,089 3,074 3,245 3,414 3,425 10,476 14,692 Share-based compensation 14,055 11,925 9,655 8,982 8,223 73,942 51,389 Impairment of intangible assets - 2,400 - - - - 2,400 Restructuring costs - 3,567 (143) - - - 3,424 Earn-out revaluation, acquisition related costs and other 5,294 3,111 7,854 1,725 1,496 5,631 20,858 Adjusted EBITDA $21,449 $24,181 $26,514 $22,616 $17,524 $74,231 $91,586 Adjusted EBITDA margin 19.7% 22.4% 24.7% 21.4% 17.9% 19.0% 21.3% RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES (In thousands) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY 2024 FY 2025 (Unaudited) (Unaudited) (Unaudited)GAAP research and development $23,994 $25,150 $17,893 $18,061 $18,627 $90,241 $90,664 Less: Share-based compensation 4,129 3,229 2,333 2,196 1,816 23,569 14,421 Depreciation and amortization 313 309 301 279 266 831 1,188 Restructuring costs - 2,258 (85) - - - 2,173 Earn-out revaluation, acquisition related costs and other 62 (83) 137 159 160 28 181 Non-GAAP research and development $19,490 $19,437 $15,207 $15,427 $16,385 $65,813 $72,701 GAAP sales and marketing $44,844 $40,669 $43,772 $45,579 $41,515 $171,678 $176,675 Less: Share-based compensation 1,369 1,338 1,079 984 1,037 13,592 6,032 Depreciation and amortization 550 507 429 467 469 2,308 2,202 Impairment of intangible assets - - 2,400 - - - 2,400 Restructuring costs - 829 (2) - - - 827 Earn-out revaluation, acquisition related costs and other 1,147 805 1,263 1,385 1,400 1,878 4,412 Non-GAAP sales and marketing $41,778 $37,190 $38,603 $42,743 $38,609 $153,900 $160,802 GAAP general and administrative $21,415 $22,214 $20,736 $14,523 $15,409 $74,814 $85,331 Less: Share-based compensation 8,154 6,993 6,204 5,546 5,123 34,645 29,706 Depreciation and amortization 71 72 69 86 85 320 351 Impairment of intangible assets - 2,400 (2,400) - - - - Restructuring costs - 242 (21) - - - 221 Earn-out revaluation, acquisition related costs and other 4,085 2,432 6,448 175 (70) 3,697 16,258 Non-GAAP general and administrative $9,105 $10,075 $10,436 $8,716 $10,271 $36,152 $38,795 RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY 2024 FY 2025 (Unaudited) (Unaudited) (Unaudited)Net cash provided by operating activities $25,204 $29,206 $21,870 $21,176 $13,843 $83,068 $104,589 Purchase of property and equipment (185) (77) (98) (159) (208) (1,303) (647)Capitalization of internal-use software - - - - - (103) (661)Free cash flow $25,019 $29,129 $21,772 $21,017 $13,635 $81,662 $103,281 Key Performance Metrics and Non-GAAP Financial Measures
This release includes certain key performance metrics and financial measures not based on GAAP, including Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net income (loss), non-GAAP net income (loss) per share, and free cash flow, as well as operating metrics, including marketplace Gross Merchandise Value or GMV, annual active buyers, annual spend per buyer and marketplace take rate. Some amounts in this release may not total due to rounding. All percentages have been calculated using unrounded amounts.
We define each of our non-GAAP measures of financial performance, as the respective GAAP balances shown in the above tables, adjusted for, as applicable, depreciation and amortization, share-based compensation expenses, restructuring costs, impairment of intangible assets, earn-out revaluation, acquisition related costs and other, income taxes, amortization of discount and issuance costs of convertible note, financial (income) expenses, net and other. Amortization of acquired intangible assets is excluded from the measures, however, the revenue from the acquired companies is included, and their assets actively contribute to revenue generation. Non-GAAP gross margin represents non-GAAP gross profit expressed as a percentage of revenue. We define non-GAAP net income (loss) per share as non-GAAP net income (loss) divided by GAAP weighted-average number of ordinary shares basic and diluted. We use free cash flow as a liquidity measure and define it as net cash provided by operating activities less capital expenditures. We define Adjusted EBITDA margin as Adjusted EBITDA expressed as a percentage of revenue.
We define GMV or marketplace Gross Merchandise Value as the total value of transactions ordered through our marketplace, excluding value-added tax, goods and services tax, service chargebacks and refunds. Annual active buyers on any given date is defined as buyers who have ordered a Gig on our marketplace within the last 12-month period, irrespective of cancellations. Annual spend per buyer on any given date is calculated by dividing our GMV within the last 12-month period by the number of annual active buyers as of such date. Marketplace take rate for a given period means marketplace revenue for such period divided by GMV for such period. When we refer in this release to the marketplace we refer to transactions conducted between buyers and freelancers on Fiverr.com. When we refer to the platform we refer to the marketplace and our additional services.
Management and our board of directors use certain metrics as supplemental measures of our performance that are not required by, or presented in accordance with GAAP because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of items not directly resulting from our core operations. We also use these metrics for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives and capital expenditures and to evaluate our capacity to expand our business. In addition, we believe that free cash flow, which we use as a liquidity measure, is useful in evaluating our business because free cash flow reflects the cash surplus available or used to fund the expansion of our business after the payment of capital expenditures relating to the necessary components of ongoing operations. Capital expenditures consist primarily of property and equipment purchases and capitalized software costs.
Free cash flow should not be used as an alternative to, or superior to, cash from operating activities. In addition, Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP net income (loss) and non-GAAP net income (loss) per share as well as operating metrics, including GMV, annual active buyers, annual spend per buyer and marketplace take rate should not be considered in isolation, as an alternative to, or superior to net income (loss), revenue, cash flows or other performance measures derived in accordance with GAAP. These metrics are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. Management believes that the presentation of non-GAAP metrics is an appropriate measure of operating performance because they eliminate the impact of expenses that do not relate directly to the performance of our underlying business.
These non-GAAP metrics should not be construed as an inference that our future results will be unaffected by unusual or other items. Additionally, Adjusted EBITDA and other non-GAAP metrics used herein are not intended to be a measure of free cash flow for management's discretionary use, as they do not reflect our tax payments and certain other cash costs that may recur in the future, including, among other things, cash requirements for costs to replace assets being depreciated and amortized. Management compensates for these limitations by relying on our GAAP results in addition to using Adjusted EBITDA and other non-GAAP metrics as supplemental measures of our performance. Our measures of Adjusted EBITDA, free cash flow and other non-GAAP metrics used herein are not necessarily comparable to similarly titled captions of other companies due to different methods of calculation.
See the tables above regarding reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.
We are not able to provide a reconciliation of Adjusted EBITDA guidance to net income (loss), the nearest comparable GAAP measure, for the third quarter of 2026, or the fiscal year ending December 31, 2026, because certain items that are excluded from Adjusted EBITDA cannot be reasonably predicted or are not in our control. In particular, in the case of Adjusted EBITDA, we are unable to forecast the timing or magnitude of share based compensation, amortization of intangible assets, impairment of intangible assets, income or loss on revaluation of contingent consideration, other acquisition-related costs, convertible notes amortization of discount and issuance costs and exchange rate income or loss, as applicable without unreasonable efforts, and these items could significantly impact, either individually or in the aggregate, GAAP measures in the future.
Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expected financial performance and operational performance including, our business plans and strategy, expected business transitions, and our ability to reposition toward higher-value work, our multi-quarter transformation, the timing, amount and execution of any share repurchases, the long term growth of our business, AI services and developments, future investments and investment strategy, our product portfolio, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: our recent reduction in force could adversely affect our business, results of operations and financial condition; AI developments may present challenges for our industry and reduce the demand for some of our service offerings; our ability to successfully implement our business plan within adverse economic conditions that may impact consumers, business spending and the demand for our services or have a material adverse impact on our business, financial condition and results of operations; our ability to attract and retain a large community of buyers and freelancers; our ability to generate sufficient revenue to maintain profitability or positive net cash flow generated by operating activities; our ability to maintain and enhance our brand; our dependence on the continued growth and expansion of the market for freelancers and the services they offer; our dependence on traffic to our websites; our ability to maintain user engagement on our websites and to maintain and improve the quality of our platform; our operations within a competitive market; political, economic and military instability in Israel, including related to the war in Israel; our ability and the ability of third parties to protect our users’ personal or other data from a security breach and to comply with laws and regulations relating to data privacy, data protection and cybersecurity; our ability to manage our current and potential future growth; our dependence on decisions and developments in the mobile device industry, over which we do not have control; our ability to detect errors, defects or disruptions in our platform; our ability to comply with the terms of underlying licenses of open source software components on our platform; our ability to expand into markets outside the United States and our ability to manage the business and economic risks of international expansion and operations; our ability to achieve desired operating margins; our ability to comply with a wide variety of U.S. and international laws and regulations, including with regulatory frameworks around the development and use of AI; our ability to attract, recruit, retain and develop qualified employees; our reliance on Amazon Web Services; our ability to mitigate payment and fraud risks; our dependence on relationships with payment partners, banks and disbursement partners; and the other important factors discussed under the caption “Risk Factors” in our annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 12, 2026, as such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. In addition, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements that we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release are inherently uncertain and may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as predictions of future events. In addition, the forward-looking statements made in this release relate only to events or information as of the date on which the statements are made in this release. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Fiverr International (FVRR - Free Report) ended the recent trading session at $10.46, demonstrating a +1.65% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Prior to today's trading, shares of the online marketplace for freelance services had gained 1.88% outpaced the Retail-Wholesale sector's loss of 0.78% and the S&P 500's gain of 0.61%.
The upcoming earnings release of Fiverr International will be of great interest to investors. The company's earnings report is expected on July 29, 2026. The company is forecasted to report an EPS of $0.52, showcasing a 24.64% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $100.38 million, down 7.61% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Fiverr International presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.7. This expresses a discount compared to the average Forward P/E of 16.54 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest trading session, Fiverr International (FVRR - Free Report) closed at $10.29, marking a -2% move from the previous day. This change lagged the S&P 500's 1.21% loss on the day. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
Shares of the online marketplace for freelance services witnessed a loss of 0.76% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.27%, and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company's upcoming EPS is projected at $0.52, signifying a 24.64% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $100.38 million, down 7.61% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Fiverr International is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.79. This indicates a discount in contrast to its industry's Forward P/E of 16.93.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Fiverr is dealing with headwinds, and this is reflected in the much lower valuations than what has been the norm. AI is causing some users to leave the platform, but this does not mean growth is no longer possible in the age of AI. Growth is likely to return after a down year in FY2026, which suggests FVRR could be a bargain with where multiples are at.
Fiverr International (FVRR - Free Report) closed at $11.22 in the latest trading session, marking a -3.61% move from the prior day. This change lagged the S&P 500's daily loss of 1.01%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq lost 1.4%.
The online marketplace for freelance services's shares have seen an increase of 12.14% over the last month, surpassing the Retail-Wholesale sector's gain of 0.78% and the S&P 500's gain of 0.32%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 29, 2026. The company is expected to report EPS of $0.52, down 24.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $100.38 million, down 7.61% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.19 per share and revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.83% upward. Fiverr International is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Fiverr International is at present trading with a Forward P/E ratio of 5.32. For comparison, its industry has an average Forward P/E of 17.3, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 170, positioning it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Fiverr International (FVRR - Free Report) ended the recent trading session at $11.04, demonstrating a +1.1% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.42%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.29%.
The stock of online marketplace for freelance services has risen by 10.75% in the past month, leading the Retail-Wholesale sector's gain of 0.24% and the S&P 500's gain of 2.2%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 29, 2026. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark a year-over-year decline of 24.64%. Our most recent consensus estimate is calling for quarterly revenue of $100.38 million, down 7.61% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $403.86 million. These totals would mark changes of -25.76% and -6.28%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.83% upward. Fiverr International is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Fiverr International's current valuation metrics, including its Forward P/E ratio of 4.99. This represents a discount compared to its industry average Forward P/E of 16.81.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FVRR in the coming trading sessions, be sure to utilize Zacks.com.
July 08, 2026 08:00 ET | Source: Fiverr International Ltd.
NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is transforming the way the world creates and works together, today announced it will release second quarter financial results for the period ended June 30, 2026, before the market opens on Wednesday, July 29, 2026. On that day, management will hold a conference call and webcast at 8:30 a.m. ET to discuss the Company’s business and financial results. Prior to its conference call, Fiverr will issue a press release and post a shareholder letter to its website at https://investors.fiverr.com.
Conference Call and Webcast Details
What: Fiverr’s Second Quarter 2026 Financial Results Conference CallWhen: July 29, 2026, at 8:30 a.m. ETCall Details: To participate in the Conference Call, please dial: Toll-Free: 1-833-630-1956International: 1-412-317-1837 Webcast: A live and archived webcast of the conference call will be accessible from the investor relations section of the Company’s website at, https://investors.fiverr.com. About Fiverr
Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.
From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.
Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.
Fiverr International (FVRR - Free Report) closed the most recent trading day at $11.12, moving +2.87% from the previous trading session. This change outpaced the S&P 500's 0.72% gain on the day. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the online marketplace for freelance services have appreciated by 5.57% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 0.64%, and the S&P 500's loss of 0.9%.
Market participants will be closely following the financial results of Fiverr International in its upcoming release. The company is forecasted to report an EPS of $0.52, showcasing a 24.64% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $100.38 million, down 7.61% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $403.86 million. These totals would mark changes of -25.76% and -6.28%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.83% upward. Fiverr International presently features a Zacks Rank of #3 (Hold).
Investors should also note Fiverr International's current valuation metrics, including its Forward P/E ratio of 4.94. This expresses a discount compared to the average Forward P/E of 17.68 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Fiverr International (FVRR +6.30%) sits just 7% above its 52-week low on June 30, looking about as popular as a fax machine at a tech conference. The bears have some solid arguments, too:
Fiverr's core customers are increasingly using AI tools and fewer human freelancers. The freelance marketplace has lost about 17% of its active buyers since 2022. Revenue dipped 1.6% year over year in Q1 2026. The growth story looks dead. Fair enough, but Fiverr's mission is to "change how the world works together." The Q1 report shows that the company is actually doing that, just not in the way investors used to expect.
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Fiverr's pivot is actually working Fiverr is indeed losing its grip on clients in the small-to-medium business category. But that's not the whole story.
Fiverr is also getting serious traction with bigger-budget clients. In Q1, the number of clients completing projects with budgets over $1,000 rose 18% year over year. Annual spend per service buyer rose 15%.
And the business plan is evolving beyond being an intermediary between freelancers and the businesses that hire them. Fee-based service sales soared 30%, accounting for 36% of Fiverr's total Q1 revenues (through subsidiaries like the AutoDS e-commerce service).
The AI attack is opening up new business channels for Fiverr itself. AI consulting and AI development are among its most popular freelance service categories nowadays, with sales more than doubling from the year-ago period.
Finally, don't forget that Fiverr makes a lot of money even as total top-line growth takes a breather. It generated $21 million in operating cash flow in Q1, leaving a comfy cash cushion of $203 million.
Image source: The Motley Fool.
A strategy shift, not a death spiral Fiverr's pivot makes sense if you view freelance talent as a consumable business input -- something companies need repeatedly, like software subscriptions or professional services. The 81% gross margin supports that framing.
Investors who bought Fiverr stock for its high volume of quick, low-cost gigs may want to exit. But those comfortable with a pivot toward fewer orders of higher-value work have reason to hold -- or even nibble at these prices.
So you shouldn't forget about Fiverr. It looks more like a promising strategy shift than a crumbling business idea. The stock doesn't deserve trading at rock-bottom valuation ratios like 13x trailing earnings and 3.6x free cash flow.
Anders Bylund has positions in Fiverr International. The Motley Fool has positions in and recommends Fiverr International. The Motley Fool has a disclosure policy.
One way to capitalize on the artificial intelligence (AI) industry is to invest in companies that could benefit from the technology, have lost significant market value in recent years, and could bounce back to deliver solid returns over the long run. Do Recursion Pharmaceuticals (RXRX +3.41%) and Fiverr (FVRR 4.11%) belong to that group? Both companies are facing headwinds that have sent their stock prices down significantly, but if they can recover, buying their shares on the dip may be an excellent move. Let's find out what's going on with Recursion Pharmaceuticals and Fiverr and why contrarian investors may want to keep an eye on them.
Image source: Getty Images.
1. Recursion Pharmaceuticals Recursion Pharmaceuticals is an AI-focused biotech company looking to revolutionize how we develop drugs. It's arguably long overdue. Despite technological advances, the cost and time required to develop novel medicines have increased, a phenomenon known as Eroom's law. Perhaps AI will finally help change that. Recursion Pharmaceuticals uses an AI-powered algorithm that continuously runs virtual experiments to select which candidates to send to clinical trials.
Most new compounds that enter the clinic never make it to market, but the biotech hopes to improve its success rate in this area compared to the industry average, thanks to its differentiated approach. If it can, the company will launch drugs much faster than its peers while generating stronger margins and profits. However, despite Recursion Pharmaceuticals' ambitious goals, the company has yet to produce much tangible evidence that its strategy can work. It has no approved products, and none in late-stage studies either.
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Further, pharmaceutical leaders with much deeper pockets than Recursion Pharmaceuticals are recognizing the potential of AI in drug development and are working to incorporate the technology into their day-to-day operations. Some have already done so. Eli Lilly (LLY +0.91%) built the industry's most powerful supercomputer. Recursion Pharmaceuticals could still find success if it makes meaningful clinical and regulatory progress over the next few years.
Some of the company's candidates look rather promising. For instance, the company is developing REC-4881 for the treatment of familial adenomatous polyposis (FAP). This rare disease leads to precancerous gastrointestinal polyps forming in the colon and rectum, and usually eventually leads to patients getting colorectal cancer. There is no approved medicine in this niche, but REC-4881 has shown promise in clinical trials by significantly reducing polyp burden.
If this candidate succeeds and earns approval, it will help validate Recursion Pharmaceuticals' approach and probably send its share price soaring. So, there is ample upside potential here, but there is also plenty of risk, as Recursion might run into clinical or regulatory roadblocks that could sink its stock price further. The stock isn't for risk-averse investors, but those with a strong tolerance for volatility may consider it.
2. Fiverr Fiverr is a platform that connects freelancers with clients who need their services. The company initially got a bit of a boost thanks to AI. Smaller businesses that need AI services but don't have the means to hire entire teams of PhD experts have turned to Fiverr to find qualified freelancers who can get some of the work done for less. However, Fiverr is facing several headwinds. The company's revenue is moving in the wrong direction, while active buyers on its platform are also declining.
Can Fiverr successfully bounce back from recent woes? The good news is that Fiverr is implementing various initiatives that management believes will improve its financial results and prospects. For instance, the company is increasingly becoming a platform where clients go to for complex projects. Note that this is a significant shift in strategy. Fiverr's name originally came from the fact that freelance services on its platform had a starting price of $5. It was sought after for quick, relatively easy, one-off gigs. Now, projects worth $1,000 and more are growing rapidly on the platform, and management is doubling down.
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Fiverr hopes that these and other initiatives will help boost engagement and spend per buyer on the platform. It's also worth noting that despite its revenue moving south, Fiverr's net income improved during the first period. Earnings per share were $0.23, significantly higher than the $0.02 reported in the year-ago period. Fiverr plans on maintaining this disciplined approach even as it seeks to improve its business.
Even so, there are significant risks ahead. Despite the company's efforts, revenue and active buyers may continue declining. Further, although AI-related projects on its platform have sometimes helped, AI has also hurt the freelance landscape, as businesses increasingly rely on AI to complete projects that would previously have required freelancers. That's probably why Fiverr is focusing on more complex jobs that AI can't easily do, and if the company's new strategy works, its share price could climb significantly over the next five years. Contrarian investors may consider initiating a small position in the stock.
In the latest trading session, Fiverr International (FVRR - Free Report) closed at $10.10, marking a -4.54% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
The stock of online marketplace for freelance services has fallen by 3.38% in the past month, leading the Retail-Wholesale sector's loss of 5.64% and undershooting the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 24.64% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $100.38 million, indicating a 7.61% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $403.86 million. These totals would mark changes of -25.76% and -6.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.83% increase. Right now, Fiverr International possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Fiverr International is at present trading with a Forward P/E ratio of 4.83. This represents a discount compared to its industry average Forward P/E of 17.36.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 104, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Fiverr International (FVRR - Free Report) closed at $9.62 in the latest trading session, marking a -2.63% move from the prior day. This change lagged the S&P 500's daily loss of 1.22%. Elsewhere, the Dow saw a downswing of 0.98%, while the tech-heavy Nasdaq depreciated by 1.35%.
Heading into today, shares of the online marketplace for freelance services had lost 6.97% over the past month, lagging the Retail-Wholesale sector's loss of 2.86% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of Fiverr International in its upcoming release. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark a year-over-year decline of 24.64%. In the meantime, our current consensus estimate forecasts the revenue to be $100.42 million, indicating a 7.58% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.14 per share and revenue of $403.06 million, which would represent changes of -27.46% and -6.46%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Fiverr International is currently a Zacks Rank #4 (Sell).
Looking at valuation, Fiverr International is presently trading at a Forward P/E ratio of 4.63. This expresses a discount compared to the average Forward P/E of 16.83 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 106, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Fiverr International (FVRR - Free Report) closed the most recent trading day at $10.15, moving +2.11% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Shares of the online marketplace for freelance services witnessed a loss of 10.37% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 6.89%, and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 24.64% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $100.38 million, down 7.61% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.19 per share and a revenue of $403.86 million, indicating changes of -25.76% and -6.28%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 7.83% rise in the Zacks Consensus EPS estimate. As of now, Fiverr International holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Fiverr International is presently trading at a Forward P/E ratio of 4.54. For comparison, its industry has an average Forward P/E of 16.58, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 164, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Fiverr International (FVRR - Free Report) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.59%. A quarter ago, it was expected that this online marketplace for freelance services would post earnings of $0.76 per share when it actually produced earnings of $0.86, delivering a surprise of +13.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fiverr, which belongs to the Zacks Internet - Commerce industry, posted revenues of $105.49 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.09%. This compares to year-ago revenues of $107.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fiverr shares have lost about 47.6% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Fiverr?While Fiverr has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fiverr was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.56 on $101.63 million in revenues for the coming quarter and $2.22 on $403.62 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Commerce.com (CMRC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This company is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +57.1%. The consensus EPS estimate for the quarter has been revised 50% lower over the last 30 days to the current level.
Commerce.com's revenues are expected to be $83.06 million, up 0.8% from the year-ago quarter.
For the quarter ended March 2026, Fiverr International (FVRR - Free Report) reported revenue of $105.49 million, down 1.6% over the same period last year. EPS came in at $0.62, compared to $0.64 in the year-ago quarter.
The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $104.35 million. With the consensus EPS estimate being $0.63, the EPS surprise was -1.59%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fiverr performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Annual Active Buyers: 2.91 million versus 2.97 million estimated by two analysts on average.Marketplace Take Rate: 27.7% compared to the 27.7% average estimate based on two analysts.Revenue- Marketplace: $67.13 million compared to the $68.73 million average estimate based on three analysts.Revenue- Services: $38.36 million versus the three-analyst average estimate of $35.62 million.View all Key Company Metrics for Fiverr here>>>
Shares of Fiverr have returned +3.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Shares of Fiverr International (FVRR +1.01%) closed Wednesday's trading 17% higher. Earlier in the session, Fiverr's stock peaked at a 27.8% gain. A solid earnings report and bullish management comments powered the surge.
Image source: Getty Images.
Fiverr's earnings weren't amazing, but investors loved the vision Fiverr's Q1 2026 report wasn't exactly a home run. Revenues fell 1.6% year over year to $105.5 million, slightly above the consensus analyst target. On the bottom line, adjusted earnings retreated from $0.64 to $0.62 per diluted share, in line with Wall Street's estimates.
That was more than "good enough," though. Investors quickly focused on Fiverr's optimistic market commentary, sending the stock skyward.
The company is focusing on larger contracts and stronger relationships with top freelancers. On the earnings call, CEO Micha Kaufman called it "a fundamental evolution of how work is matched, delivered and orchestrated on our platform." As a result, Fiverr is losing some lower-quality sales in favor of higher-quality profits and a stronger long-term platform for work assignments.
Perhaps most importantly, Fiverr underscored that tasks related to artificial intelligence (AI) are driving profitable growth while the company is integrating AI tools across its own business. When everyone has access to the same game-changing AI tools, you'll win if you can use them better than your rivals.
"It took time for businesses to understand that if you don't have a website, you're going to be out of business over time," Kaufman said. "The same goes with AI, and the same goes with experts that need to come with AI to make your AI or your execution better than your competitors."
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AI fears have crushed this stock Even after Wednesday's big jump, Fiverr's stock is trading 54.5% lower over the last 52 weeks. Lower revenues in the middle of the strategy shift played a part in this price drop, but chiefly, investors are concerned about AI platforms doing the work Fiverr's freelancers used to do.
Kaufman's analysis suggests that those fears are shortsighted and, frankly, wrong. If anything, companies need human experts to make the most of their AI investments. Fiverr can help with that.
And the stock trades at a minuscule 5.9 times forward earnings estimates right now. That's a steal in my book. Yes, even after Wednesday's 17% price surge.
Every so often, a single day changes the course of technological progress. For example…
October 1, 1908: Ford Motor Co. (F) introduced the Model T. October 26, 1958: Pan Am’s Boeing 707 completed the first scheduled transatlantic jet service from New York to Paris. January 9, 2007: Steve Jobs walked onstage and introduced the iPhone. November 30, 2022: OpenAI released ChatGPT. These were not quiet, obscure breakthroughs buried in a lab.
They arrived with fanfare.
Pan Am’s flight featured a full marching band and global press coverage. The iPhone announcement drew roughly 7,500 people in person, and liveblogs attracted at least another 400,000. ChatGPT was possibly the flashiest: It reached 1 million users in five days, then an estimated 100 million monthly active users two months later.
And yet, Wall Street has a remarkable habit of acting surprised when a new technological age knocks on the door. Railroad stocks kept rising for at least eight years after the world entered the jet age. (They would eventually collapse in the late 1960s.) Nokia and BlackBerry Ltd.’s (BB) shares went up for months after the iPhone was announced. And software stocks kept inflating until the middle of last year, despite clear signs that AI was getting proficient at coding.
Investors could see the future onstage, but many kept valuing the past as if nothing had changed.
That matters because May 19 could mark another one of those before-and-after moments.
On that day, one of the world’s most prominent artificial intelligence companies will launch what InvestorPlace senior analyst Eric Fry and I believe will be a game-changing suite of AI products. They will be powered by a new form of the technology Eric is calling “A-AI.”
If history is any guide, the market’s first reaction will be dangerously incomplete.
Fortunately, many industry insiders are already giving clues about which firms will be in the “splash zone” of this disruption. They’re selling shares in the companies they run, and they’re doing it faster than you might expect.
In this update, I’d like to highlight three firms with unusual insider sales as a clear sign to get out before May 19.
Stock to Sell No. 1: The Vanishing Freelancer Model The first candidate to sell is a global online marketplace specializing in freelance work:
Fiverr International Ltd. (FVRR).
Shares rose almost 20% last week after management announced surprisingly strong results. Revenue of $105 million and earnings per share of $0.62 beat forecasts by 1% each, reassuring markets that the freelancer marketplace was still alive.
However, a significant share sale by its CEO should give investors a reason to pause.
On April 30, an SEC filing revealed that Fiverr CEO Micha Kaufman had significantly accelerated the pace of his preauthorized stock sales from around 20,000 per year to 66,000. That stands in sharp contrast with his upbeat comments in prepared earnings call remarks, where he claimed that “the fundamental [AI-powered] dynamics of this market are moving in our direction.”
I suspect that artificial intelligence is quickly replacing the type of work commonly sold on Fiverr. Popular Fiverr services include website development, book publishing, and logo design – all things that ChatGPT and its rivals can now do. In fact, Anthropic’s Claude Cowork can build a $10,000 animated website almost instantly.
That spells trouble for the Israeli firm, which hasn’t turned an operating profit in the seven years since going public in 2019. The freelancer marketplace is facing competition from AI chatbots, and growth is stalling out. Why pay a freelancer on Fiverr $100 for a set of logos when you can ask ChatGPT to design thousands of them for no apparent cost?
Fiverr’s overhead costs are also high. Advertising costs eat up $0.31 for every $1 generated, leaving little left over for anything else. Though total disaster hasn’t struck Fiverr’s financials quite yet, insiders don’t seem keen on sticking around to see what happens next.
Stock to Sell No. 2: The SaaS Company That the “SaaSpocalyse” Forgot It’s been a generally awful year for software-as-a-service (SaaS) companies – the firms that charge monthly fees for access to cloud-based programs. It’s been so bad that one SaaS index, the iShares Expanded Tech-Software Sector ETF (IGV), has fallen 28% since last September on AI disruption fears. Individual names like Monday.com Inc. (MNDY) and Atlassian Corp. (TEAM) have fared even worse, shedding over 75% of their value since their 2025 peaks.
Except one:
EverCommerce Inc (EVCM).
Shares of the $2 billion firm have essentially traded sideways for the past year, sidestepping the massive “SaaSpocalypse” that has consumed its peers. Shares trade for 18X cash flows (within striking distance of its full-history average), and a casual observer might sense nothing wrong with this company that creates software to help small businesses manage operations, billings, payments and marketing.
That could quickly change.
You see, artificial intelligence is upending the SaaS market not because it offers the end-to-end services that EverCommerce or Salesforce Inc. (CRM) provides. That’s a complex task that requires a small army of sales and onboarding staff in addition to a working product.
Instead, AI labs are providing software tools that allow competitors to spring up almost overnight and charge a fraction of what incumbents do. Vibe-coded startups don’t need many engineers, and one AI-powered competitor to Salesforce named “Twenty” reportedly has only 34 employees. They charge between $9 and $19 per month per seat… a tenth of what Salesforce typically asks for.
EverCommerce’s management isn’t waiting around either. Since mid-2025, the company’s top executives (CEO, CFO, CLO) have been selling available shares on the open market. Almost $1 million in stock has been sold across eight transactions.
In addition, CEO Eric Remer has sold stock through 10b5-1 plans faster than he’s been awarded them – a typically bearish sign. In the past month alone, he has sold $674,000 worth of stock this way… more than he earns from a full year of salary.
So, don’t be complacent with SaaS stocks that have yet to fall; if insiders are getting out, it’s often a sign that you should, too.
Stock to Sell No. 3: Can AI Create TV Shows? Executives at Netflix Inc. (NFLX) have a long history of selling into strength. Co-CEO Gregory Peters made one large sale in July 2020 after the work-from-home craze almost doubled the value of Netflix’s shares. He then made seven more between February 2024 and November 2025 after the stock recovered from a brutal 2022 selloff.
Gregory Peters’ Netflix (NFLX) sales
Source: Tipranks
That’s why a recent round of selling last February should raise eyebrows. These sales were made after shares fell over 40% from their peak, and mark the first time Peters has sold shares after such a deep selloff. Three other executives with similar selling histories did the same.
In fairness, I think these sales are premature. Analysts expect the video streaming firm to hit 14% sales growth this year, powered by rising subscriber numbers and higher monthly fees. Besides, we are entering the most expensive midterm election year in history, which should send Netflix’s advertising revenues to new records.
However, the truth is that artificial intelligence is coming for video creation as well. In fact, I believe we might be just one to three years away from tools that can create entire TV shows from a single prompt.
There are already plenty of signs this can happen. Last February, ByteDance released Seedance 2.0, an astonishingly powerful model that created realistic clips of Hollywood actors. Fearful media firms immediately sent the Chinese firm cease-and-desist orders. (The Netflix insider sales happened right in this period.)
Soon after, New York-based startup Runway began getting traction online after launching real-time intelligent avatars that ranged from the ultra-realistic to the uncanny.
Choose your next company avatar
Source: Runway
“A-AI” will turbocharge this process, allowing AI to not only create plots, scripts, characters, keyframes, and full-length videos, but also give the technology the tools to review its work and iterate until a near-perfect output is created. After all, AI models are increasingly able to evaluate and iterate on their outputs. There’s no reason it can’t do the same with creative work.
That’s why Netflix should start landing on investors’ long-term “Sell” lists. Though shares will likely rise for the next couple of months as election season gets underway (and first-quarter earnings last week topped estimates), insiders selling suggests they might be sensing longer-term trouble ahead from this emerging competitive threat.
The “A-AI” Revolution Most investors have a bad habit of looking only in the rearview mirror. Value investors take long-term earnings and draw a straight line through them. If a company averaged $1 per share in profits, then this year’s $0.20 disappointment must be temporary, right?
Meanwhile, growth investors and algorithmic traders often take rising revenue numbers or stock prices and draw a line through that.
Both strategies work well in ordinary times. Most value stocks recover, given enough time and capital. And most growth stocks keep going up. Buying both the top-performing S&P 500 companies and cheapest ones routinely yields excellent results.
But technological disruptions tend to cut these trends short. The rise of the internet, for instance, not only destroyed many traditional “value” businesses like brick-and-mortar retailing. It also hurt “growth” businesses like AOL by creating nimbler competitors.
Smartphone apps like Uber Technologies Inc. (UBER) hurt both the traditional taxi medallion market and the upstart car-sharing business like Zipcar.
We’re now facing a new era that threatens the same fate for companies in its path. Hundreds of firms will see their stock prices fall; the recent SaaSpocalypse is only the start.
To make sure you’re on the right side of that split, Eric released a special presentation he calls the Agentic Reckoning. He goes into greater depth of what “A-AI” is… and the stocks that should benefit from this new technological age.
Plus, he reveals his No. 1 stock to buy before this technology takes off.
Click here to watch Eric’s special presentation now.
Until next week,
Thomas Yeung, CFA
Market Analyst, InvestorPlace
Thomas Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.
Fiverr's historical focus on simple tasks means that it is particularly exposed to the threat of generative AI. FVRR is expanding upmarket by leveraging AI-driven workflows and improving its matching infrastructure. These efforts are unlikely to materially alter the company's long-term prospects though. Fiverr's valuation is extremely low, meaning cost discipline and intelligent capital allocation, along with a slow decline in the core business could still see the company generate reasonable returns.
SAN DIEGO, May 05, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Fiverr International Ltd. (NYSE: FVRR). The investigation focuses on Fiverr’s executive officers and whether investor losses may be recovered under federal securities laws.
What if I purchased Fiverr securities?
If you purchased Fiverr securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471.
There is no cost or obligation to you.
Background of the investigation
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other things, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million.
In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
In light of this disclosure, Johnson Fistel is investigating whether Fiverr complied with the federal securities laws. If you suffered losses from your investment in Fiverr stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.
Achievements
In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, reflecting the firm’s effectiveness in advocating for investors and recovering approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel.
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Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | [email protected] | [email protected]
May 06, 2026 08:00 ET | Source: Fiverr International Ltd.
NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Fiverr International Ltd. (NYSE: FVRR), the company that is transforming the way the world creates and works together, today announced that management will present at the following upcoming investor conferences:
Needham Technology, Media & Consumer Conference
Date: Wednesday, May 13, 2026
Time: 3:00 pm Eastern Time
J.P. Morgan Global Technology, Media and Communications Conference
Date: Monday, May 18, 2026
Time: 2:10 pm Eastern Time
Live webcasts of the presentations will be accessible from the Events & Presentations section of Fiverr's investor relations website, https://investors.fiverr.com. Archived replays of the audio webcasts will be available following the live presentations from the same website.
About Fiverr
Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.
From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.
Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fiverr International Ltd. ("Fiverr" or the "Company") (NYSE: FVRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Fiverr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other items, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million. In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
On this news, Fiverr's stock price fell $1.03 per share, or 8.34%, to close at $11.32 per share on February 19, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fiverr International Ltd. (“Fiverr” or the “Company”) (NYSE: FVRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Fiverr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other items, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million. In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
On this news, Fiverr’s stock price fell $1.03 per share, or 8.34%, to close at $11.32 per share on February 19, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fiverr International Ltd. ("Fiverr" or the "Company") (NYSE: FVRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Fiverr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other items, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million. In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
On this news, Fiverr's stock price fell $1.03 per share, or 8.34%, to close at $11.32 per share on February 19, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fiverr International Ltd. (“Fiverr” or the “Company”) (NYSE: FVRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Fiverr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other items, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million. In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
On this news, Fiverr’s stock price fell $1.03 per share, or 8.34%, to close at $11.32 per share on February 19, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fiverr International Ltd. ("Fiverr" or the "Company") (NYSE: FVRR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Fiverr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 18, 2026, Fiverr reported its fourth quarter and full year 2025 financial results and issued its full-year 2026 outlook. Among other items, the Company disclosed that fourth quarter marketplace revenue declined 2.7% year-over-year to $71.5 million, and that annual active buyers declined 13.6% year-over-year to 3.1 million. In addition, Fiverr issued full-year 2026 revenue guidance of $380 million to $420 million, representing year-over-year growth of negative 12% to negative 3%. The Company further disclosed that its transformation plan would focus on high-value work while intentionally deprioritizing low-end transactions.
On this news, Fiverr's stock price fell $1.03 per share, or 8.34%, to close at $11.32 per share on February 19, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Quantum computing names have ripped higher on speculation about milestones that may sit years out, and retail money is chasing chart momentum at frothy multiples.
Fiverr International (FVRR - Free Report) closed at $10.28 in the latest trading session, marking a +2.09% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. At the same time, the Dow added 1.73%, and the tech-heavy Nasdaq lost 0.09%.
Shares of the online marketplace for freelance services have depreciated by 10.57% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 6.54%, and the S&P 500's gain of 4.59%.
The upcoming earnings release of Fiverr International will be of great interest to investors. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark a year-over-year decline of 24.64%. At the same time, our most recent consensus estimate is projecting a revenue of $100.42 million, reflecting a 7.58% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.14 per share and a revenue of $403.06 million, signifying shifts of -27.46% and -6.46%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Fiverr International possesses a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Fiverr International is presently trading at a Forward P/E ratio of 4.72. Its industry sports an average Forward P/E of 16.77, so one might conclude that Fiverr International is trading at a discount comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Demand for Claude Code specialists has surged 938% on Fiverr over the last six months, with businesses seeking freelancers who can use the AI coding tool to automate their workflows, build AI agents, and ship products faster, according to new data released today by Fiverr International Ltd. (NYSE: FVRR).
The 2026 edition of Fiverr's Business Trends Index — drawn from millions of searches across the platform from November 2025 to April 2026 — reveals the fastest-growing services shaping how businesses operate and how AI is changing the way we work.
Desire for AI tools like voice agents and vibe coding is a priority for businesses
Claude Code can execute multi-step coding tasks end-to-end without constant human input — writing, testing, and deploying autonomously rather than simply suggesting code for a developer to review. The learning curve is steep enough that hiring a specialist makes more sense than training up existing staff, and the demand for those freelancers is showing up across related tools that can search the web, update documents, or assist with productivity in business or everyday tasks: searches for n8n AI automation, which connects apps and AI models into automated workflows, increased (+125%), along with vibe coding (+61%), and AI voice agents (+49%).
“Freelancers are bridging the gap between businesses that experiment with AI and those that are meaningfully adopting it,” said Elliott Johnson, founder of EKB Labs and an AI consultant on Fiverr. “Anyone can spin up a prototype now, but there's a massive gap between that and something that actually holds up. Most businesses are finding out the hard way that closing that gap takes real expertise.”
Content creation, not technical infrastructure, is leading AI adoption
While AI is most commonly associated with backend efficiency, data analysis, and software development, Fiverr's data shows that businesses are currently adopting AI fastest on the front end in content production and customer-facing workflows. Demand for AI-related services is growing most in Video & Animation (+278%), outpacing growth in Programming & Tech (+94%), Digital Marketing (+62%), and Data (+3%) by a significant margin. The pattern suggests that for most businesses, the most immediate and tangible application of AI is not in backend systems, but in what their customers actually see.
"Businesses are facing an urgency to adopt AI, and our data shows that urgency is translating directly into demand for specialized talent," said Jinjin Qian, Chief Business Officer of Fiverr. "Tools like Claude Code have raised the ceiling on what any business can build, but most don't have the expertise in-house to get there. That's the gap freelancers are filling, and we're seeing it accelerate across every part of how businesses operate, from marketing to sales to operations."
Small and medium-sized businesses are increasingly turning to freelancers for help creating AI-generated videos and social media marketing content
The same appetite for AI-powered efficiency that's driving demand for developers and automation specialists is now reshaping how businesses approach content, social media, and customer engagement. Rises in searches for AI UGC video ads (+265%) and AI video ads (+63%) were matched with parallel demand for human editing talent, including video editing (+36%) and short-form video editing (+27%).
YouTube and Instagram outpace TikTok
When it comes to social media content creation, YouTube-related services show the strongest demand and growth. Searches for YouTube automation faceless channels (+239% in Digital Marketing and +230% in Video & Animation), YouTube thumbnails (+52%), and YouTube video promotion (+31%) continue to grow, signaling that success on the platform is increasingly about optimizing distribution and packaging, not just production.
Instagram continues to scale as a content engine (+147% in Digital Marketing; +149% in Graphics & Design; +57% for Reels editing), while TikTok grows at a slower pace (+26% in Digital Marketing; +17% in Video & Animation), suggesting that demand is currently scaling faster on platforms with more flexible content and monetization opportunities.
This analysis is based on global search data from Fiverr, comparing demand across two time periods: May-October 2025 and November 2025-April 2026. Trends were identified by analyzing percentage growth in search across multiple service categories, including Programming & Tech, Digital Marketing, Video & Animation, Graphics & Design, Data, and Writing & Translation.
About Fiverr
Fiverr’s mission is to transform the way the world creates and works together. We’re shaping the future of work with the world’s leading open platform, seamlessly connecting top talent and cutting-edge technology with businesses around the globe. From expert freelancers in over 750 skilled categories to best-in-class GenAI models and agents, Fiverr provides the most advanced and comprehensive talent and tools for digital services—helping businesses get mission-critical projects done fast and cost-effectively.
From small businesses to Fortune 500 companies, millions trust Fiverr for projects in software and AI development, digital marketing, finance, business consulting, video animation, music, architecture, and more.
Learn how to future-proof your business with exceptional talent and cutting-edge tools at fiverr.com. Follow us on LinkedIn, Instagram, TikTok, and Facebook.
Fiverr International (FVRR - Free Report) closed at $10.07 in the latest trading session, marking a -2.23% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.62%. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Heading into today, shares of the online marketplace for freelance services had lost 5.59% over the past month, outpacing the Retail-Wholesale sector's loss of 6.71% and lagging the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark a year-over-year decline of 24.64%. In the meantime, our current consensus estimate forecasts the revenue to be $100.42 million, indicating a 7.58% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.14 per share and revenue of $403.06 million, which would represent changes of -27.46% and -6.46%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Fiverr International is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.82. This expresses a discount compared to the average Forward P/E of 16.72 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 39% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Fiverr International (FVRR - Free Report) ended the recent trading session at $9.86, demonstrating a -2.09% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.75%. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 2.54%.
Heading into today, shares of the online marketplace for freelance services had lost 5.8% over the past month, outpacing the Retail-Wholesale sector's loss of 7.51% and lagging the S&P 500's loss of 1.63%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 24.64% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $100.42 million, indicating a 7.58% decrease compared to the same quarter of the previous year.
FVRR's full-year Zacks Consensus Estimates are calling for earnings of $2.14 per share and revenue of $403.06 million. These results would represent year-over-year changes of -27.46% and -6.46%, respectively.
Any recent changes to analyst estimates for Fiverr International should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International presently features a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Fiverr International is holding a Forward P/E ratio of 4.72. For comparison, its industry has an average Forward P/E of 16.22, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 148, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FVRR in the coming trading sessions, be sure to utilize Zacks.com.
