Fiverr International Ltd. (FVRR) intrinsic value & 10-year financials
Fiverr International Ltd. (FVRR) has a Graham intrinsic value of $18.60 per share. Over the last 10 fiscal years revenue grew 30.2% a year to $430.9M, with an average return on invested capital of -340.7%.
- Graham intrinsic value
- $18.60
- Revenue (FY2025)
- $430.9M
- Revenue growth (10-yr CAGR)
- 30.2%
- ROIC (10-yr avg)
- -340.7%
- Free cash flow (FY2025)
- $103.9M
FVRR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $430.9M | $21.0M | $0.56 | $103.9M | -0.3% | -0.4% |
| FY2024 | $391.5M | $18.2M | $0.48 | $81.8M | -4.0% | -7.7% |
| FY2023 | $361.4M | $3.7M | $0.09 | $82.1M | -4.2% | -6.1% |
| FY2022 | $337.4M | -$71.5M | -$1.94 | $28.9M | -22.1% | -31.4% |
| FY2021 | $297.7M | -$65.0M | -$1.81 | $36.4M | -15.2% | -23.7% |
| FY2020 | $189.5M | -$14.8M | -$0.46 | $15.0M | -6.2% | -10.7% |
| FY2019 | $107.1M | -$33.5M | — | -$15.0M | -32.5% | -53.9% |
| FY2018 | $75.5M | -$36.1M | — | -$52.4M | -48.3% | -2871.1% |
| FY2017 | $52.1M | -$19.3M | — | -$7.5M | -37.5% | -61.3% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fiverr International Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fiverr International Ltd. has historically struggled to out-earn its cost of capital, averaging just -20.3% ROIC.
Fiverr International Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fiverr International Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $18.60 per share.