Fiverr International (NYSE:FVRR) Posts Earnings Results

Fiverr International (NYSE:FVRR) announced its earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02), FiscalAI reports. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The business had revenue of $97.78 million for the quarter, compared to analyst estimates of $99.74 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis.

Here are the key takeaways from Fiverr International’s conference call:

• Q2 revenue and profitability declined sharply: Revenue fell 10% year over year to $97.8 million, while adjusted EBITDA declined 18.3% to $17.5 million, with margin down 180 basis points to 17.9%. The decline was driven by continued compression in low-value transactional work.
• Near-term conditions worsened and guidance was reduced: Fiverr reported decelerating marketplace traffic and demand that carried into Q3, attributing some pressure to LLM updates and AI-integrated search experiences. Q3 revenue is now expected to decline 18%–26% year over year, while full-year revenue is projected to fall 14%–17%.
• Higher-value work continued to grow: Projects valued at $1,000 or more represented 15% of completed-project gross order value and grew 13% year over year on a trailing 12-month basis. Programming and technology projects above $1,000 grew 34%, while graphics and design grew 25%, with strong demand also reported for AI video, voice agents, mobile apps, and websites.
• Management cited encouraging transformation metrics: Early testing showed skill extraction resolving up to 58% of conversation mismatches, a new matching model reducing cancellations by 7%, and semantic onboarding increasing new-customer conversion by 8%. Fiverr also said its fulfillment layer reached 91% verified precision across more than 84% of tested completed projects.
• The transition will take longer and capital allocation remains conservative: Management now expects meaningful financial benefits from its shift toward high-value, end-to-end projects to take at least six quarters, beginning in Q3. Fiverr ended the quarter with $308.5 million in cash and investments, plans to protect R&D spending, and said it is not currently pursuing inorganic investments.

Fiverr International Price Performance

Shares of NYSE FVRR traded down $0.01 during trading hours on Thursday, hitting $9.20. 2,399,520 shares of the stock were exchanged, compared to its average volume of 1,101,683. The company’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $11.69. The company has a market cap of $330.56 million, a PE ratio of 11.79 and a beta of 1.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85. Fiverr International has a 1-year low of $8.75 and a 1-year high of $28.00.

Fiverr International News Roundup

Here are the key news stories impacting Fiverr International this week:

• Positive Sentiment: Fiverr remained profitable, reporting $0.50 in adjusted earnings per share and a 6.70% net margin. Spending per active buyer also increased, supporting management’s strategy of focusing on larger, higher-value projects requiring human expertise. Fiverr Announces Second Quarter 2026 Results
• Neutral Sentiment: Citigroup lowered its price target from $15 to $11.50 and adopted a Neutral rating. The revised target still implies upside, but the cut reflects concerns about marketplace weakness and Fiverr’s extended transformation timeline. Benzinga analyst update
• Neutral Sentiment: Royal Bank of Canada reduced its target from $16 to $9 and assigned a Sector Perform rating, indicating limited expected appreciation from current levels. Ticker Report analyst update
• Negative Sentiment: Fiverr cut its third-quarter revenue forecast to $80 million-$88 million, versus analysts’ $99.4 million consensus, and lowered full-year 2026 revenue guidance to $356 million-$372 million from an expected $402.7 million. Management cited AI-related traffic and demand headwinds and said the transformation may take six quarters. Fiverr 2026 revenue forecast
• Negative Sentiment: Second-quarter revenue fell 10% year over year to $97.78 million and missed estimates, while earnings of $0.50 per share also came in below the $0.52 consensus. Active buyers declined sharply, intensifying concerns that AI tools are reducing demand for Fiverr’s traditional services. Fiverr second-quarter earnings
• Negative Sentiment: Oppenheimer downgraded Fiverr from Outperform to Market Perform, while Scotiabank cut its rating from Sector Outperform to Sector Perform with a $10 target. The downgrades reinforce the broader analyst concern over slower growth and AI disruption. Benzinga analyst downgrades

Institutional Investors Weigh In On Fiverr International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Fiverr International during the fourth quarter worth $361,000. State of Tennessee Department of Treasury increased its stake in shares of Fiverr International by 17.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock valued at $1,049,000 after purchasing an additional 7,973 shares during the last quarter. Twinbeech Capital LP acquired a new position in shares of Fiverr International during the 4th quarter worth $366,000. Susquehanna Fundamental Investments LLC raised its holdings in shares of Fiverr International by 783.8% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock worth $2,305,000 after buying an additional 103,455 shares in the last quarter. Finally, Numerai GP LLC lifted its position in shares of Fiverr International by 150.3% during the 4th quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock worth $2,320,000 after buying an additional 70,515 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FVRR has been the topic of a number of analyst reports. Zacks Research raised Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Royal Bank Of Canada dropped their price objective on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday. UBS Group cut their target price on Fiverr International from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday. The Goldman Sachs Group reissued a “neutral” rating and set a $13.00 target price (down from $26.00) on shares of Fiverr International in a report on Thursday. Finally, Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Eleven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $16.25.

About Fiverr International

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.