Fiverr International · Q1 2026 earnings

Briefing

Fiverr Q1 revenue dips 1.6% to $105.5M but adjusted EBITDA margin expands to 21.4%

Fiverr International reported first-quarter 2026 results for the period ended March 31, 2026. Total revenue declined 1.6% year over year to $105.5 million as marketplace revenue fell 13.6% to $67.1 million, partially offset by 30.0% growth in services revenue to $38.4 million. GAAP net income rose to $8.6 million, or $0.23 diluted EPS, from $0.8 million a year ago. Non-GAAP net income was $22.9 million, or $0.62 diluted EPS. Adjusted EBITDA increased to $22.6 million with a margin of 21.4%, up 330 basis points YoY. Annual active buyers fell 17.8% to 2.9 million, but annual spend per buyer rose 15.4% to $356 as higher-value projects over $1,000 grew at a strong double-digit rate. Free cash flow was $21.0 million. Fiverr reiterated full-year 2026 revenue guidance of $380-$420 million and raised adjusted EBITDA guidance to $64-$80 million.

• Revenue of $105.5 million declined 1.6% YoY; marketplace revenue fell 13.6% while services revenue grew 30.0%.
• GAAP net income of $8.6 million ($0.23 diluted EPS) and adjusted EBITDA of $22.6 million (21.4% margin) both exceeded guidance midpoints.
• Annual spend per buyer rose 15.4% to $356 despite a 17.8% decline in annual active buyers to 2.9 million.
• Projects over $1,000 grew at a strong double-digit rate with 18% YoY growth in clients completing $1,000+ projects.
• Management raised full-year 2026 adjusted EBITDA guidance to $64-$80 million while reiterating revenue guidance of $380-$420 million.

Headline financials

Revenue & EPS history

Fiverr reiterated FY 2026 revenue guidance of $380-$420 million (down 12% to down 3% YoY) and raised adjusted EBITDA guidance to $64-$80 million.