NYSE$FVRR
Fiverr International · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Fiverr reported modest revenue growth and expanded margins in the fourth quarter of 2025, with higher adjusted EBITDA and stable profitability.
Fiverr generated $107.2 million in Q4 2025 revenue, up year over year, with GAAP net income of $11.46 million and adjusted EBITDA margin expanding to 24.7%. Services revenue grew strongly while marketplace revenue declined, reflecting a continued shift toward higher-value offerings.
- Revenue increased to $107.2 million in Q4 2025.
- Adjusted EBITDA margin expanded to 24.7%.
- Services revenue grew year over year while marketplace revenue declined.
- Annual spend per buyer increased despite a decline in active buyers.
Headline financials
Revenue & EPS history
Fiverr · Revenue · Quarterly
$107M
Revenue by segment
Fiverr · $105M total across 2 segments · Q1 2026
- Marketplace$67.1M-13.6%63.6%
- Services$38.4M+30.0%36.4%
Forward guidance
For Q1 2026, Fiverr expects revenue between $100 million and $108 million and adjusted EBITDA between $19 million and $23 million. For full-year 2026, revenue is expected between $380 million and $420 million with adjusted EBITDA between $60 million and $80 million.
Tailwinds
- Q1 2026 adjusted EBITDA expected between $19 million and $23 million.
- Full-year 2026 adjusted EBITDA expected between $60 million and $80 million.
- Core business unit economics remain structurally sound.
- Focus on high-value work and AI-native capabilities.
- Maintaining disciplined capital allocation strategy.
Headwinds
- Q1 2026 revenue guidance implies potential year-over-year decline.
- Full-year 2026 revenue guidance indicates possible contraction.
- Transformation plan may create near-term volatility.
- Intentional deprioritization of low-end transactions.
- Elevated uncertainty in external market conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+3.0%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+0.9%
Avg return
30 days after
60%
15 / 25 earnings
Positive
+26.5%
Q3 2022
Best reaction
-26.9%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.7% | +11.6% | +4.8% | |
| Q4 2025 | -6.0% | -18.7% | -21.8% | |
| Q3 2025 | -4.9% | +0.9% | -0.4% | |
| Q1 2025 | +8.8% | +18.6% | +26.1% | |
| Q3 2024 | +16.7% | +12.3% | +30.1% | |
| Q1 2024 | +15.7% | +27.8% | +20.7% | |
| Q4 2023 | -10.5% | -10.0% | -16.5% | |
| Q3 2023 | -9.3% | -3.4% | +10.7% | |
| Q2 2023 | +11.6% | +8.9% | -1.6% | |
| Q1 2023 | -2.6% | -2.0% | -3.6% | |
| Q4 2022 | +12.3% | +4.7% | -9.5% | |
| Q3 2022 | +26.5% | +29.2% | +8.9% | |
| Q2 2022 | +8.0% | +6.2% | -8.5% | |
| Q1 2022 | -15.7% | -9.3% | -7.3% | |
| Q4 2021 | -6.8% | -7.6% | -2.4% | |
| Q3 2021 | +13.1% | +14.2% | -21.1% | |
| Q2 2021 | -26.9% | -25.3% | -20.2% | |
| Q1 2021 | -1.9% | -4.0% | +7.6% | |
| Q4 2020 | +4.1% | -9.8% | -26.6% | |
| Q3 2020 | +3.2% | +1.9% | +38.4% | |
| Q2 2020 | +15.2% | +1.7% | +6.8% | |
| Q1 2019 | +8.4% | +21.2% | +41.9% | |
| Q4 2019 | +25.4% | +17.0% | -22.5% | |
| Q3 2019 | +4.5% | +0.7% | +7.0% | |
| Q2 2019 | -16.4% | -18.9% | -19.4% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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