Fiverr International vs Hut 8
Fiverr International is the larger business, with $431m of revenue in fiscal 2025 against $235m for Hut 8 (1.8 times as much). Hut 8 grew faster (44.8% against 10.1%). Fiverr International kept more of each dollar of sales as profit: a net margin of 4.9% against -96.2%. Fiverr International carries less debt relative to equity (0.0% against 28.8%).
| Latest fiscal year | Fiverr InternationalFVRR, 2025 | Hut 8HUT, 2025 |
|---|---|---|
| Revenue | $431m | $235m |
| Revenue growth | 10.1% | 44.8% |
| Net income | $21.0m | −$226m |
| Operating margin | -0.3% | -136.9% |
| Net margin | 4.9% | -96.2% |
| Return on equity | 5.4% | -18.9% |
| Free cash flow | $104m | — |
| Cash | $125m | $44.9m |
| Total debt | $0 | $409m |
| Debt to equity | 0.0% | 28.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $32.5m | — |
| Employees | — | 248 |
| Market value | $304m | $7.79bn |
| Price vs our value range | Below our value range | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 30 sales | 0 buys, 16 sales |