Fiverr files annual report, highlights growth and services

NEW YORK - Fiverr International Ltd . (NYSE:FVRR), an online marketplace for freelance services, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission today. According to InvestingPro data, the company maintains impressive gross profit margins of 82.65% and has achieved a perfect Piotroski Score of 9, indicating strong financial health. The document, which details the company’s financial performance and corporate activities, is now available for public access on the SEC’s website and on the investor relations section of Fiverr’s website.

The annual report showcases Fiverr’s continued commitment to changing the dynamics of the working world by offering a platform that connects businesses with freelancers across a variety of services. In the previous year, Fiverr has facilitated collaborations between nearly 4 million customers worldwide, including small businesses and Fortune 500 companies, and freelancers offering over 700 different skills. The company’s revenue grew by 7.45% in the last twelve months, with InvestingPro analysis suggesting the stock is currently trading below its Fair Value, presenting a potential opportunity for investors. For detailed insights and 13 additional ProTips about FVRR, visit InvestingPro.

Fiverr’s platform is designed to provide a flexible, adaptive, and agile workforce solution for companies of all sizes. With Fiverr Business Solutions, larger organizations can find specialized talent and tools tailored to their specific needs, supporting their growth and adaptation in a rapidly evolving business landscape.

Shareholders interested in receiving a hard copy of the annual report, which includes audited consolidated financial statements, can request one at no charge. Requests should be directed to Fiverr International Ltd. via email or post, as per the details provided in the press release. The company maintains a healthy current ratio of 2.99, with cash reserves exceeding debt obligations, demonstrating strong financial stability.

The company’s mission to democratize access to talent and opportunities is at the core of its operations, enabling anyone to advance their business, brand, or dreams. Fiverr encourages individuals and businesses to become part of the future of work by exploring the services offered on its platform.

This news is based on a press release statement.

In other recent news, Fiverr International Ltd reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of 0.64, compared to the forecast of 0.61. The company exceeded revenue forecasts as well, reporting $103.7 million against an anticipated $101.37 million, marking a 13% year-over-year increase. Fiverr launched FiverrGo, an AI-driven platform, as part of its strategic initiatives to enhance service offerings. The company projects 2025 revenue between $422 million and $438 million, indicating an 8-12% growth, with a focus on AI and platform development. Fiverr’s full-year 2024 marketplace revenue reached $303.1 million, with services revenue showing a significant 62% increase to $88.4 million. Adjusted EBITDA for Q4 was $20.7 million, representing a 20% margin. Analysts noted the company’s strategic direction, with a focus on leveraging AI to enhance its platform and services, as a positive factor for future growth. Fiverr anticipates continued investment in AI and platform development, with services revenue expected to constitute 30% of total revenue in 2025.

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