Fiverr International Ltd. key statistics and ratios

In fiscal 2025, Fiverr International Ltd. had return on equity of 5.4%, an operating margin of -0.3%, debt equal to 0.0% of equity and a current ratio of 1.93. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiverr International Ltd.: financial ratios, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	74.4%	79.3%	79.2%	82.5%	82.6%	80.5%	82.9%	82.0%	81.6%
Operating margin	−37.5%	−48.3%	−32.5%	−6.2%	−15.2%	−22.1%	−4.2%	−4.0%	−0.3%
Net margin	−37.1%	−47.8%	−31.3%	−7.8%	−21.8%	−21.2%	1.0%	4.7%	4.9%
Free-cash-flow margin	−14.3%	−69.5%	−14.0%	7.9%	12.2%	8.6%	22.7%	20.9%	24.1%
Return on equity	−83.7%	−93.6%	−33.1%	−6.0%	−18.8%	−23.3%	1.2%	5.1%	5.4%
Return on assets	—	−32.5%	−19.3%	−2.7%	−7.3%	−7.7%	0.4%	1.7%	2.4%
Asset turnover	—	0.68	0.62	0.35	0.33	0.36	0.37	0.37	0.49
Current ratio	—	1.80	2.28	4.05	2.48	3.17	2.89	1.10	1.93
Debt to equity	0.0%	6.0%	2.0%	102.1%	107.9%	170.4%	128.0%	126.3%	0.0%
Interest cover (operating income ÷ interest)	—	—	—	n/m	n/m	n/m	n/m	n/m	n/m
Effective tax rate	—	—	—	—	—	—	27.2%	—	10.4%
R&D as % of revenue	30.8%	34.5%	32.2%	24.1%	26.6%	27.4%	25.1%	23.1%	21.0%
Capital spending as % of revenue	4.2%	1.0%	0.9%	1.1%	0.6%	0.4%	0.3%	0.3%	0.2%
Free cash flow ÷ net income	—	—	—	—	—	—	>999%	448.1%	495.4%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	0.0%	0.0%	122.4%	31.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · December 31, 2025

What it owns · $685m

Short-term assets $481mLonger-term assets $204m

What it owes, and who funded it · $685m

Short-term liabilities $249mLonger-term liabilities $24mShareholders' equity $412m

Short-term assets cover short-term liabilities $481m of assets due within a year against $249m of liabilities due within a year.
Short-term assets cover long-term liabilities $481m short-term assets against $24m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$1m against $2m of interest.

From Fiverr International Ltd.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Fiverr International Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Fiverr International Ltd.