Fiverr projects Q4 revenue between $104.3M and $112.3M, falling short of the consensus estimate of $113.14M.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
0mins
Should l Buy FVRR?
Q4 Adjusted EBITDA Forecast: The company projects an adjusted EBITDA for Q4 between $23.9 million and $27.9 million.
Financial Performance Indicator: This forecast serves as a key indicator of the company's financial health and operational efficiency for the upcoming quarter.
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Analyst Views on FVRR
Wall Street analysts forecast FVRR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FVRR is 31.50 USD with a low forecast of 28.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 16.750
Low
28.00
Averages
31.50
High
34.00
Current: 16.750
Low
28.00
Averages
31.50
High
34.00
About FVRR
Fiverr International Ltd is an Israel-based global marketplace that connects freelancers and businesses for digital services. At the foundation of the Company's platform lies a catalog with several categories of productized service listings, called Gigs. Each Gig has a clearly defined scope, duration, and price, along with buyer-generated reviews. Using the Company's search or navigation tools, buyers can find and purchase Gigs, such as logo design, video creation and editing, Web development, and blog writing, with varying prices. Promoted Gigs and Seller Plus provide advertising capabilities and tools for freelancers. Fiverr Workspace provides freelancers with software skills to manage business with their clients. Learning and development offerings are made through Fiverr Learn and CreativeLive. ClearVoice offers a subscription-based content marketing solution, WorkingNotWorking provides paid access to creative talent, and Stoke Talent provides a freelancer management system.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Surge in AI Demand: Fiverr has experienced an astonishing 18,347% increase in demand for AI-related services on its platform over the past six months, indicating that small businesses are increasingly relying on Fiverr to access AI services at reasonable costs, thereby driving business growth.
- Consistent Profitability: Despite a slowdown in revenue growth, Fiverr has achieved consistent profitability due to its disciplined cost management and efficient operational strategies, providing a stable financial foundation in a competitive market.
- Significant Market Potential: Fiverr is targeting a massive $247 billion addressable market, and even capturing 2% of this market with its trailing 12-month revenue of $427.4 million would significantly enhance its performance, highlighting its future growth potential.
- Enhanced Network Effects: As more businesses join the platform, Fiverr attracts more freelancers, creating a positive feedback loop that not only increases the platform's appeal but also lays the groundwork for future growth, especially as the gig economy continues to expand.
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- Surge in AI Demand: Fiverr has experienced an astonishing 18,347% increase in demand for AI-related services on its platform over the past six months, indicating that small businesses are increasingly relying on Fiverr to access AI services at reasonable costs, thereby driving business growth.
- Profitability Improvement: Despite a slowdown in revenue growth, Fiverr has achieved consistent profitability, thanks to disciplined cost management and efficient operational strategies, providing a stable financial foundation in a competitive market.
- Significant Market Potential: Fiverr is positioned within a massive $247 billion addressable market, and while it may not capture the entire opportunity, even securing 2% of this market share could substantially enhance its performance based on current revenue levels.
- Strengthened Network Effect: As more businesses join the platform, Fiverr attracts additional freelancers, creating a positive feedback loop that further solidifies its market position in the rapidly growing gig economy.
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- High Market Valuation: The S&P 500 has gained at least 16% annually over the past three years, yet Fiverr International's stock has plummeted 95% since February 2021, indicating market concerns about its growth potential despite overall strong market performance.
- Declining User Engagement: Fiverr's annual active buyers have decreased from 4.2 million in 2022 to 3.3 million in 2025, reflecting reduced opportunities for freelancers as companies return to physical offices, which impacts the platform's user base and revenue potential.
- AI Impact and Layoffs: Fiverr's announcement of a 30% workforce reduction aims to address the challenges posed by AI in the freelance market; however, the annual spend per buyer has increased by 26%, indicating strong spending willingness among remaining users.
- Strong Financial Position: Fiverr holds $712.5 million in cash and equivalents, with net cash representing 44% of its market cap, and is projected to generate over $100 million in annual net cash flow, highlighting its resilience and investment appeal in the current market landscape.
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- Declining User Engagement: Fiverr's annual active buyers have decreased from 4.2 million in 2022 to 3.3 million in 2025, a 21% drop, indicating a significant reduction in freelance opportunities as employees return to offices, which negatively impacts revenue potential.
- AI Impact and Layoffs: Fiverr announced a 30% workforce reduction to address the challenges posed by artificial intelligence in the freelance market, reflecting market pressures and uncertainties about the company's future despite efforts to enhance operational efficiency.
- Strong Financial Position: As of the third quarter, Fiverr reported $712.5 million in cash and cash equivalents, with net cash accounting for 44% of its market cap, providing financial flexibility and resilience in a competitive landscape.
- Valuation Advantage: Despite the significant stock decline, Fiverr's forward P/E ratio stands at just 5.5, indicating a historically low valuation, and combined with its robust cash flow, this presents an attractive buying opportunity for investors.
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- Market Performance Analysis: Fiverr International Ltd. is recommended by Jim Cramer for long-term holding, as it is viewed as the most commoditized stock this week yet has not incurred losses, indicating a degree of market stability.
- Investor Confidence: The Optimist Fund noted in its Q3 2025 investor letter that while Fiverr's results were satisfactory, they fell short of expectations, leading to a reduction in its portfolio weight to 4%, reflecting a cautious outlook on future growth.
- AI Product Potential: Although Fiverr's newly launched AI product is seen as a potential revenue accelerator, the Optimist Fund believes that other AI stocks offer greater upside potential and lower downside risk, highlighting the competitive landscape in the AI sector.
- Market Trend Observation: The article mentions that Trump-era tariffs and the onshoring trend may positively impact certain AI stocks, suggesting that Fiverr faces both challenges and opportunities in the current market environment.
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- Fiverr's Sustained Growth: Despite Fiverr International (FVRR) experiencing a 49% stock decline over the past year, its revenue has grown by 21% over the last three years, with net income multiplying sixfold, demonstrating resilience and ongoing profitability amid market downturns.
- AI-Driven Service Demand: Fiverr's AI-related services have become a key growth driver, and despite increasing market concerns about AI, the irreplaceability of human creativity in large projects keeps Fiverr's business model robust, suggesting continued customer attraction.
- Duolingo's User Growth Strategy: Duolingo (DUOL) expects nearly $1.2 billion in bookings this year with a 29% adjusted EBITDA margin, reflecting a long-term strategy focused on user growth rather than short-term profit maximization, indicating a solid business model.
- Market Potential of AI Education: CEO Luis von Ahn believes that AI-powered education is at a pivotal moment, and with the stock trading at around 19 times earnings after a 72% drop, the market may be undervaluing its future growth potential.
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