Fiverr Reports Strong Q1 2025 Earnings Exceeding Expectations

Fiverr has kicked off 2025 on a robust note, showcasing strong revenue generation and margins that surpassed analyst forecasts. CEO Micha Kaufman noted stable Marketplace performance and substantial Services growth, along with swift advancements in AI products. The launch of Fiverr Go has led to promising buyer conversion trends, indicating that purchases are happening both more quickly and with greater quality. “We are encouraged by the traction across our upmarket efforts and anticipate strategic investments in AI to bolster long-term growth,” Kaufman stated.

Meanwhile, President and CFO Ofer Katz emphasized a disciplined approach to expenses and capital allocation, which supports their focus on profitable growth. “Delivering double-digit revenue growth is a milestone, and our strong cash flow and capital return strategies position us well,” Katz remarked. The company is on track to meet its three-year targets for Adjusted EBITDA and free cash flow. Their guidance reflects a confident, careful approach as they navigate a fluctuating macroeconomic landscape.

First Quarter 2025 Financial Highlights

• Revenue for Q1 2025 reached $107.2 million, an increase of 14.6% from $93.5 million in Q1 2024.
• Marketplace revenue stood at $77.7 million, a slight decline of 0.8% from $78.3 million in Q1 2024.
• Annual active buyers totaled 3.5 million as of March 31, 2025, down 10.6% from 4.0 million in March 2024.
• Annual spend per buyer rose to $309, an 8.8% increase from $284 in the same period last year.
• Marketplace take rate increased to 27.7%, up 20 basis points from 27.5% a year earlier.
• Services revenue jumped 94.0% year-over-year to $29.5 million, from $15.2 million in Q1 2024.
• GAAP gross margin was 81.0%, a decrease of 250 basis points from 83.5% in Q1 2024. Non-GAAP gross margin was 84.4%, down 50 basis points from 84.9% a year earlier.
• GAAP net income totaled $0.8 million, or $0.02 per share, unchanged from Q1 2024.
• Non-GAAP net income was $25.0 million, equating to $0.70 per share, compared to $21.7 million, or $0.56 per share, in Q1 2024.
• Operating cash flow was $28.3 million, an increase of 33.6% from $21.2 million in the previous year.
• Free cash flow rose to $27.4 million, growing 31.6% year-over-year from $20.8 million.
• Adjusted EBITDA was $19.4 million, compared to $16.0 million in Q1 2024, with an Adjusted EBITDA margin of 18.1%, reflecting a 100 basis point improvement year-over-year.

Financial Outlook

Guidance for Q2 2025 and full-year 2025 indicates continued optimism based on recent marketplace trends.

Revenue	Q2 2025	FY 2025
Projected Revenue	$105 – $109 million	$425 – $438 million
y/y Growth	11% – 15%	9% – 12%
Adjusted EBITDA	$20.0 – $22.0 million	[Further details to follow]

# Fiverr Reports Robust Financial Outlook for 2025

## Financial Guidance

Fiverr’s projected revenue ranges between **$84 million and $90 million**, indicating a solid growth path ahead.

## Conference Call and Webcast Information

Fiverr’s management will hold a conference call on **Wednesday, May 7, 2025**, at **8:30 a.m. Eastern Time** to discuss the latest financial results. A live webcast of this call will be available on Fiverr’s **[Investor Relations website](#)**. An archived version will be accessible post-event. To participate, register using the following link: **[here](https://www.pivotandflowdaily.com)**.

## About Fiverr

Fiverr aims to redefine how the world collaborates and creates. The company offers an advanced open platform that connects top talent with innovative technology for businesses globally. With access to expert freelancers across more than 750 categories, Fiverr also incorporates state-of-the-art Generative AI models and agents. This resource-rich environment allows businesses to efficiently execute critical projects.

Fiverr serves a vast clientele, ranging from small businesses to Fortune 500 companies, across various sectors such as software development, digital marketing, finance, consulting, and creative services.

## Investor Relations Contact

For inquiries, please reach out to:

**Jinjin Qian**
**[[email protected]](mailto:[email protected])**

## Press Contact

For press inquiries, contact:

**Jenny Chang**
**[[email protected]](mailto:[email protected])**

—

### Consolidated Balance Sheets

#### (in thousands)

| | | | March 31, 2025 | | | December 31, 2024 |
|———————|————|——–|—————–|——–|——–|——————–|
| **Assets** | | | | | | |
| **Current assets:** | | | | | | |

This financial overview reflects Fiverr’s ongoing commitment to enhancing its platform and delivering value to stakeholders. The upcoming financial call and detailed reports will further clarify its future strategies and performance metrics.# Financial Overview: Analyzing Current Assets and Cash Holdings

Cash and cash equivalents		$	187,104			$	133,472
Marketable securities			315,025				288,947
User funds			167,049				153,309
Bank deposits			145,500				144,843
Restricted deposit			1,315				1,315
Other receivables			31,179				34,198
Total current assets

# Financial Overview: Key Asset Figures Revealed

	847,172				756,084
Long-term assets:
Marketable securities			69,716				122,009
Property and equipment, net			4,208				4,271
Operating lease right of use asset			4,481				5,122
Intangible assets, net			38,742				41,882
Goodwill

# Detailed Overview of Total Assets and Liabilities

		110,218				110,218
Other non-current assets			31,023				30,388
Total long-term assets			258,388				313,890
TOTAL ASSETS		$	1,105,560			$	1,069,974
Liabilities and Shareholders’ Equity

# Current Liabilities Breakdown: Key Financial Figures Explained

—

## Overview of Current Liabilities

The following data outlines the current liabilities for the company, focusing on major components such as trade payables, user accounts, deferred revenue, and more. Here is a detailed breakdown:

### Trade Payables

– **Current Amount**: $6,947
– **Previous Amount**: $5,533

### User Accounts

– **Current Amount**: $154,626
– **Previous Amount**: $141,691

### Deferred Revenue

– **Current Amount**: $22,002
– **Previous Amount**: $20,090

### Other Account Payables and Accrued Expenses

– **Current Amount**: $59,096
– **Previous Amount**: $57,167

### Operating Lease Liabilities

– **Current Amount**: $2,567
– **Previous Amount**: $2,608

### Convertible Notes, Net

– **Current Amount**: $458,501
– **Previous Amount**: $457,860

—

This detailed insight into the company’s current liabilities provides a snapshot of its financial obligations. By monitoring these figures, stakeholders can assess the firm’s financial health and operational liquidity.# Comprehensive Overview of Current and Long-term Liabilities

Total Current Liabilities			703,739				684,949
Long-term Liabilities:
Operating Lease Liabilities			2,074				2,747
Other Non-current Liabilities			21,139				19,628
Total Long-term Liabilities			23,213				22,375

# Financial Overview: Total Liabilities and Shareholders’ Equity Summary

TOTAL LIABILITIES		$	726,952			$	707,324
Shareholders’ equity:
Share capital and additional paid-in capital			743,289				727,176
Accumulated deficit			(365,395	)			(366,193	)
Accumulated other comprehensive income			714				1,667
Total shareholders’ equity			378,608

# Financial Results Highlight Total Liabilities and Shareholders’ Equity

## Overview of Financial Position

		362,650
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$	1,105,560			$	1,069,974

## Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
	Three Months Ended
	March 31,
		2025				2024
	(Unaudited)
Revenue

# Financial Performance Reveals Strong Gross Profit and Operating Expenses

### Revenue and Costs Overview

The latest financial figures show a clear picture of the company’s revenue and costs. The total revenue amounted to **$107,184**, while the cost of revenue was **$20,396**, leading to a substantial gross profit of **$86,788**. In comparison, the previous period recorded a revenue of **$93,524** with a cost of revenue of **$15,448**, resulting in a gross profit of **$78,076**.

### Operating Expenses Breakdown

Operating expenses reflect a significant investment in various sectors. The breakdown is as follows:

– **Research and Development**: Costs totaled **$23,627** this period, compared to **$23,633** last period.
– **Sales and Marketing**: The expenses stood at **$47,390**, down from **$42,152** in the previous period.
– **General and Administrative**: Total expenses in this category reached **$20,966**, contrasted with **$16,451** previously.

### Conclusion

The financial data indicates robust gross profit figures across periods, highlighting effective revenue generation relative to costs. However, a noticeable increase in operating expenses suggests a potential area for review to optimize financial performance in the future.

Financial Summary Reveals Key Operating Metrics for Stakeholders

Total operating expenses		91,983				82,236
Operating loss		(5,195	)			(4,160	)
Financial income (expenses), net		7,325				6,661
Income before taxes on income		2,130				2,501
Tax benefit (taxes on income)		(1,332	)			(1,713	)
Net income attributable to ordinary shareholders	$	798			$	788
Basic net income per share attributable to ordinary shareholders

# Financial Highlights: Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
	Three Months Ended
	March 31,
	$0.02
Basic weighted average ordinary shares		36,019,143				38,756,151
Diluted net income per share attributable to ordinary shareholders	$	0.02			$	0.02
Diluted weighted average ordinary shares		37,292,846				39,604,979

# Financial Overview: Operating Activities from 2024 to 2025

### Overview of Cash Flows

**(Unaudited)**

#### Cash Flows from Operating Activities

Below are the net income figures and adjustments necessary to determine the net cash provided by operating activities for the years 2024 and 2025.

| **Metric** | **2025** | **2024** |
|———————————————————|———-|———-|
| **Net Income** | $798 | $788 |
| **Adjustments to Reconcile Net Income** | | |
| Depreciation and Amortization | $4,284 | $1,150 |
| Amortization of Premium and Accretion of Discount | $(67) | $(1,094) |
| Amortization of Discount and Issuance Costs | $641 | $637 |
| Shared-based Compensation | $15,754 | |

### Analyzing the Data

In 2025, the net income rose slightly to $798 million compared to $788 million in 2024. A significant factor in this growth was the depreciation and amortization, which totaled $4,284 million in 2025—substantially higher than the previous year’s figure of $1,150 million.

The adjustments for amortization of premiums and the accretion of discounts in marketable securities showed negative figures, reflecting a decrease in fair value. This trend continued in 2024 as well, indicating potential market volatility.

Further, there was a notable increase in shared-based compensation in 2025 that could indicate a strategic move to attract and retain talent.

This financial data illustrates a generally positive trend for the company, with rising income alongside substantial operational adjustments.

### Conclusion

Overall, the analysis of cash flows from operating activities for 2024 and 2025 reveals slight growth in net income and significant operational adjustments that could affect future performance. Stakeholders may look at these figures closely to assess the company’s financial health moving forward.# Financial Analysis: Key Highlights from Recent Reports

## Exchange Rate Impacts and Revaluation Insights

### Exchange Rate Fluctuations

The impact of exchange rate fluctuations and other factors has been observed, showing a net effect of **1**.

### Revaluation of Earn-out

The revaluation of earn-out stood at **3,262**, indicating important adjustments that require analysis for future forecasts.

## Changes in Assets and Liabilities

### Overview of Financial Adjustments

Changes in assets and liabilities are crucial for understanding the financial health of the business.

#### User Funds

User funds reflected a significant decrease, showing **(13,740)** in one period compared to **(11,620)** in the previous period. This shift deserves attention for its implications on cash flow and user engagement.

#### Operating Lease Assets and Liabilities

Operating lease right-of-use (ROU) assets and liabilities revealed a reduction, reflecting a **(73)** and **(98)** respectively. This indicates a need for reevaluation of lease commitments and future financial planning.

#### Other Receivables

There was an increase in other receivables noted at **431**. In contrast, previous data indicated **(2,976)**, highlighting potential areas for improvement in accounts receivable management.

### Trade Payables

Trade payables amounted to **1,304**, a critical figure when assessing the company’s liquidity. This was contrasted with a previous liability of **(828)**, which stresses the importance of managing supplier payments efficiently.

## Conclusion

Monitoring these key metrics is essential for grasping the ongoing financial dynamics within the company. Understanding decreases in user funds and shifts in trade payables, among other figures, will be crucial for developing effective strategies moving forward.# Financial Summary: Key Metrics from Recent Reporting

User accounts	1,912	12,935	9,923
Account payable, accrued expenses and other	1,023	4,265
Non-current liabilities	(156)	23
Net cash provided by operating activities	28,309	21,196
Investing Activities:
Investment in marketable securities	(55,652)

# Analyzing Recent Cash Flow Data for Marketable Securities and Investments

### Overview of Cash Flow Activities

The recent financial data highlights significant transactions related to marketable securities and investments. Below is a summary of key figures:

#### Maturities and Proceeds from Marketable Securities

– **Proceeds from maturities of marketable securities**:
– **Total**: 83,169
– **Other Entry**: 40,085

#### Short-Term Bank Deposits

– **Investment in short-term bank deposits**:
– **Total**: (1,500)
– **Another Entry**: (27,238)

– **Proceeds from short-term bank deposits**:
– **Total**: 843
– **Another Entry**: 3,377

### Investments in Property and Equipment

#### Capital Expenditures

– **Purchase of property and equipment**:
– **Total**: (287)
– **Another Entry**: (378)

– **Capitalization of internal-use software**:
– **Total**: (661)
– **Another Entry**: (20)

### Net Cash Flow from Investing Activities

The net cash flow from investing activities shows an overall increase, with calculated figures being as follows:

– **Net cash provided by (used in) investing activities**:
– **Total**: 25,912
– **Other Entry**: (14,908)

This data emphasizes the company’s strategic financial maneuvers in managing investments and expenditures effectively. A thorough understanding of these activities provides insight into the financial stability and investment priorities of the firm.“`html

Financial Update: Insights into Recent Financing Activities

Financing Activities
Proceeds from exercise of share options		478				442
Proceeds from (payments of) withholding tax related to employees’ exercises of share options and RSUs		(1,061	)			(221	)
Net cash provided by (used in) financing activities		(583	)			221
Effect of exchange rate fluctuations on cash and cash equivalents		(6	)			(109	)
Increase in cash, cash equivalents		53,632				6,400

“““html

Financial Report Highlights Growth in Cash and Revenue Metrics

Cash, cash equivalents at the beginning of period		133,472				183,674
Cash and cash equivalents at the end of period	$	187,104			$	190,074

REVENUE BREAKDOWN
(in thousands1)
Three Months Ended
March 31,
		2025				2024
Marketplace Revenue	$	77,674			$	78,311
Annual Active Buyers		3,536				3,954
Annual Spend per Buyer	$	309			$	284

“`# Financial Insights: Recent Revenue Data and Market Trends

## Marketplace Take Rate
The latest figures reveal a marketplace take rate of **27.7%**, slightly increasing from **27.5%** in the previous timeframe.

## Services Revenue
Recent earnings show that **services revenue** has reached **$29,510,000**, up from **$15,213,000** in past reports. This substantial growth highlights key improvements in service outreach and customer engagement.

## Total Revenue
Total revenue for the period stands at **$107,184,000**, with a notable increase from the previous figure of **$93,524,000**. This indicates a robust growth trajectory, reflecting overall market stability and consumer demand.

### Notes
1. All data provided pertains to annual figures, except for Annual Spend per Buyer and Marketplace Take Rate.

—

## Reconciliation of GAAP to Non-GAAP Gross Profit

### (in thousands, except gross margin data)

The reconciliation table will detail the differences between GAAP and non-GAAP gross profit, providing investors with clarity on financial performance metrics.

—

This structured approach gives a clear overview of key financial statistics while maintaining focus on the essential data for stakeholders and market analysts.# Quarterly Financial Data Overview for FY 2023 and 2024

Q1’24				Q2’24				Q3’24				Q4’24				Q1’25				FY 2023				FY 2024
	Unaudited																				(Audited)				(Audited)
GAAP gross profit	$	78,076			$	78,639			$	80,735			$	83,465			$	86,788			$	299,529			$	320,915

# Financial Overview: Share-Based Compensation and Depreciation Insights

## Share-Based Compensation

The reported figures for share-based compensation reveal significant trends across multiple years, indicating a strategic focus on employee incentives.

– **Year 1**: 678
– **Year 2**: 499
– **Year 3**: 514
– **Year 4**: 445
– **Year 5**: 423
– **Total for the Period**: 2,497
– **Overall Total for Previous Years**: 2,136

These figures suggest a moderate decrease in share-based compensation over the last five years, with a total expenditure of 2,497 in the latest reporting period.

## Depreciation and Amortization

The depreciation and amortization numbers illustrate the company’s asset management and cost allocation strategies.

– **Year 1**: 613
– **Year 2**: 791
– **Year 3**: 2,415
– **Year 4**: 3,198

Over the reporting period, total depreciation and amortization reached 3,198, reflecting increased investments in long-term assets.

## Summary

In summary, the financial data highlights key components of the company’s fiscal strategy. Share-based compensation has been gradually decreasing, while depreciation and amortization have seen a marked rise. These findings may have implications for future operational decisions and investment strategies moving forward.# Company Financial Overview: Key Insights and Non-GAAP Metrics

## Summary of Financial Data

### Income Metrics
– **Total Revenue Range**:
– Current Period: **$3,164**
– Previous Period: **$3,253**
– Total Year-to-Date: **$7,017**

### Expense Breakdown
– **Earn-Out Revaluation and Acquisition Costs**:
– Current Period: **$11**
– Previous Period: **$17**
– Year-to-Date: **$44**

### Profit Analysis
– **Non-GAAP Gross Profit**:
– Current Period: **$79,367**
– Previous Period: **$79,929**
– Year-to-Date: **$83,675**

### Final Thoughts
The financial figures reflect a detailed analysis of revenue, expenses, and gross profit. Continued scrutiny of these metrics will be essential for understanding the company’s overall performance and trajectory moving forward.# Financial Performance Summary: Quarterly Gross Margins and Revenue Data

### Financial Overview

The latest financial results reveal key metrics indicating the company’s ongoing performance.

#### Revenue Figures

| Metric | Amount |
|——————————–|————-|
| Q1 Revenue | $87,125 |
| Q2 Revenue | $90,419 |
| Q3 Revenue | $305,279 |
| Q4 Revenue | $330,096 |

### Gross Margins Analysis

The analysis of non-GAAP gross margins reflects the following results:

| Period | Gross Margin (%) |
|——————————–|——————|
| Q1 | 84.9 |
| Q2 | 84.4 |
| Q3 | 84.0 |
| Q4 | 84.0 |
| Year-to-Date | 84.4 |
| Current Quarter | 84.5 |
| Future Projection | 84.3 |

Throughout these periods, the company maintained a strong gross margin, demonstrating stability in its revenue generation process. This level of performance often aids in financial planning and strategic decision-making for the upcoming quarters.

### Conclusion

In conclusion, the financial data indicates a solid revenue growth trajectory alongside stable gross margins. This consistent performance may support the company’s position in an ever-competitive market.

Financial Reconciliation: GAAP vs. Non-GAAP Income Explained

RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME AND NET INCOME PER SHARE

(in thousands, except share and per share data)

Q1’24

Q2’24

Q3’24

Q4’24

# Quarterly Financial Overview: Key Figures for FY 2023 and FY 2024

	Q1’25				FY 2023				FY 2024
	Unaudited																				(Audited)				(Audited)
GAAP net income attributable to ordinary shareholders	$	788			$	3,267			$	1,353			$	12,838			$	798			$	3,681			$	18,246
Add:
Depreciation and amortization

# Financial Highlights: Key Insights on Share-Based Compensation and Related Costs

	1,150				1,606				3,392				4,328				4,284				5,987				10,476
Share-based compensation		19,020				18,438				18,464				18,020				15,754				68,698				73,942
Earn-out revaluation, acquisition-related costs, and other		9

# Financial Insights: Key Data Points Revealed in Recent Report

			109				1,273				4,240				4,599				(359	)		5,631
Convertible notes amortization of discount and issuance costs		637				638				640				640				641				2,541				2,555
Taxes on income related to non-GAAP adjustments		–

The data presented highlights key items from the financial report, illustrating various components that impact net income and overall financial health. Understanding these figures is crucial for stakeholders analyzing profitability and financial strategy.# Financial Figures Reveal Key Trends in Recent Performance

## Overview of Financial Performance

The latest financial results provide insights into key metrics that may impact market perceptions. Significant figures (*in thousands*) are detailed below:

### Exchange Rate Gains and Losses

Exchange rate fluctuations played a notable role in the overall financial landscape. The net impact was as follows:

– **Gain**: $128
– **Loss**: $(156)
– **Net Impact**: $(221)

Overall, the currency exchange effect resulted in a net loss of **$1,108**, contrasted by a **$642** loss in the previous period, which suggests increasing volatility.

### Non-GAAP Net Income

Evaluating the financial strength, the Non-GAAP net income stands out:

– **Latest Figure**: **$21,732**
– This figure reflects a solid performance as companies continue to refine their operational efficiencies.

### Comparative Adjustments

In reviewing comparative periods, organizations must remain vigilant about underlying trends, particularly in areas affected by foreign exchange rates and overall market conditions.

### Conclusion

These insights indicate critical areas for stakeholders to assess as they look forward to future financial assessments. Consistent monitoring of these metrics can lead to informed strategy adjustments and potential renegotiations of existing financial arrangements.# Company Financials: Key Highlights and Share Information

23,831			$	24,611			$	24,925			$	25,054			$	80,417			$	95,099
Weighted average number of ordinary shares – basic		38,756,151				38,089,060				35,435,532				35,658,287				36,019,143				38,066,203				36,984,757

# Financial Report Highlights: Non-GAAP Net Income Per Share

### Key Financial Metrics

Non-GAAP basic net income per share attributable to ordinary shareholders

$

0.56

$

0.63

$

0.69

$

0.70

$

0.70

$

2.11

$

2.57

### Additional Financial Data

Weighted average number of ordinary shares – diluted

41,758,840

# Financial Performance Report Reveals Non-GAAP Income Per Share

## Key Market Metrics

Below are the recent statistics highlighting the financial performance attributed to ordinary shareholders:

| | | |
|——————-|——-|————|
| **Metric** | **Value** | **Trend** |
| Total Revenue | 40,909,724 | – |
| Total Expenses | 38,359,853 | – |
| Net Income | 39,446,707 | – |
| Earnings | 41,304,907 | – |
| … | … | … |

### Non-GAAP Diluted Net Income

A closer look at the non-GAAP diluted net income per share shows the following:

| Quarter | Earnings Per Share |
|———|———————|
| Current | $0.52 |
| Previous | $0.58 |
| Year Ago | $0.64 |
| Two Years Ago | $0.64 |
| Total Year End | $1.95 |

This data reflects a detailed look at net income trends, demonstrating fluctuations in earnings per share over multiple quarters. The emphasis on non-GAAP figures can provide deeper insights into recurring operational performance, as these exclude specific factors like one-time costs or benefits that could skew results.

## Conclusion

The financial results present valuable insights into the company’s performance, showing a mixture of growth and challenges in earnings figures over the past periods. This data not only highlights the current financial standing but also establishes a groundwork for future projections.

Regular updates will continue to be necessary to keep stakeholders informed on any shifts in performance metrics.# Financial Report Highlights Future Growth in Adjusted EBITDA

## Overview of Financial Performance

In an analysis of financial performance, several metrics indicate the company’s strong position heading into 2024. The reconciliation of GAAP net income to adjusted EBITDA reveals important insights, particularly in key quarters outlined below.

### Quarterly Breakdown and Projections

The table below summarizes financial expectations and actual data for the upcoming quarters, highlighting changes and trends:

| Period | Adjusted EBITDA ($ in thousands) | Adjusted EBITDA Margin (%) |
|————–|———————————-|—————————-|
| **Q1 ’24** | 2.38 | |
| **Q2 ’24** | | |
| **Q3 ’24** | | |
| **Q4 ’24** | | |
| **Q1 ’25** | | |
| **FY 2023** | | |

‏This data illustrates the company’s financial trajectory as it seeks to enhance its performance metrics over the coming fiscal periods.

### Insights on Growth Potential

The focus on adjusted EBITDA is essential as it filters out non-operational factors, providing a clearer picture of underlying profitability. Stakeholders will benefit from continued monitoring of these figures, which are essential for evaluating the company’s operational efficiency.

In conclusion, as the company approaches the next fiscal year, its emphasis on adjusted EBITDA signals robust financial health and promising growth potential.“`html

Company’s FY 2024 Financial Performance Report: Key Insights

FY 2024
	Unaudited																				(Audited)				(Audited)
GAAP net income	$	788			$	3,267			$	1,353			$	12,838			$	798			$	3,681			$	18,246
Add:
Financial expenses (income), net		(6,661	)			(8,502	)

“`# Financial Data Highlights: Key Figures and Trends

6,881	(6,881)	5,662	(5,662)	7,325	(7,325)	20,163	(20,163)	27,706	(27,706)
Tax benefit (taxes on income)	1,713	(1,713)	2,931	(2,931)	2,052	(2,052)	(13,054)	(13,054)	1,332	(1,332)	1,373	(1,373)	(6,358)	(6,358)
Depreciation and amortization	1,150	(1,150)	1,606	(1,606)

In summary, these figures highlight the ongoing developments in the financial landscape. Each number reflects trends that might influence future financial strategies and investment decisions.# Company Financials Reflect Strategic Investments and Cost Adjustments

Total Revenue	3,392	4,328	4,284	5,987	10,476
Share-based compensation	19,020	18,438	18,464	18,020	15,754
Earn-out revaluation, acquisition related costs, and other	9	109	1,273

### Insight into Financial Performance

The recent financial disclosures reveal noteworthy shifts in earnings and expenses. The total revenue presented figures of **3,392**, escalating to **10,476**, indicating a robust growth trajectory over the periods observed.

### Share-based Compensation Trends

Moreover, share-based compensation demonstrates a strategic approach in attracting and retaining talent, with values recorded at **19,020** initially, tapering off to **15,754** in subsequent entries. This adjustment may suggest a refinement of incentives to align with performance goals.

### Acquisition Costs and Adjustments

The documentation of earn-out revaluations and acquisition-related costs reflects a calculated effort in mergers and acquisitions, with costs ranging from **9** to **1,273**, signifying active portfolio management that aims to fortify positioning in the market.

### Conclusion

In conclusion, these financial metrics indicate that while the company is navigating costs associated with growth strategies, it is also experiencing a healthy trajectory in overall revenue. Investors should watch closely how these adjustments play out in the following quarters.# Financial Performance Report Highlights Strong Growth in EBITDA

## Overview of Financial Metrics

The latest financial data reveals significant changes across key performance indicators, particularly relating to Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

### EBITDA Growth

– For the measured period, **Adjusted EBITDA** shows a steady rise:
– **Period 1:** $16,019
– **Period 2:** $17,849
– **Period 3:** $19,653
– **Period 4:** $20,710
– **Period 5:** $19,442
– **Period 6:** $59,217
– **Period 7:** $74,231

#### Key Observations

Notably, the progression reflects consistent upward movement. The most significant increase appears between the fifth and sixth periods, emphasizing a potential operational or strategic enhancement within the company.

### EBITDA Margin Insights

The **Adjusted EBITDA margin** also showed positive trends:
– **Current Margin:** 17.1%

This figure represents an important valuation metric, illustrating the relationship between the revenue and the EBITDA, showcasing how effectively the company is converting revenue into actual profit.

### Conclusion

Overall, the financial metrics indicate a robust performance in terms of Earnings Before Interest, Taxes, Depreciation, and Amortization. The growth trajectory of both EBITDA and its margin offers a promising outlook for stakeholders and reflects well on the company’s operational strategies.# Financial Performance Highlights: Q3 Earnings Review

## Overview of Recent Financial Trends

In the latest quarterly earnings report, significant percentages highlight various metrics across key sectors.

### Earnings Statistics

– **18.9%**
– **19.7%**
– **20.0%**
– **18.1%**
– **16.4%**
– **19.0%**

The figures above represent the performance percentages for select financial categories in the third quarter.

### Performance Analysis

The data indicates fluctuations across multiple sectors, reflecting varied operational efficiencies and market conditions.

### Concluding Remarks

This quarterly analysis is crucial for stakeholders as it outlines performance trajectories, guiding future business strategies and investment decisions. Readers should look forward to upcoming reports for further insights into market trends.“`html

GAAP to Non-GAAP Operating Expenses Reconciliation Revealed

RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES

(In thousands)

Q1’24

Q2’24

Q3’24

Q4’24

Q1’25

FY 2023

FY 2024

Unaudited

(Audited)

(Audited)

GAAP research and development

$

23,633

$

21,855

$

22,424

$

22,329

“`# Financial Insights: Recent Compensation and Cost Trends

## Overview of Financial Performance

Recent reports reveal intriguing trends in company expenses related to share-based compensation. This data reflects key insights into management strategies and their economic impact.

### Share-based Compensation Figures

The following outlines the share-based compensation expenses over the last few reporting periods:

– **Current Period**: $23,627
– **Prior Period**: $90,720
– **Year-to-Date (YTD)**: $90,241

### Breakdown of Key Expenses

1. **Share-based Compensation**
– Current: $6,836
– Previous: $5,897
– Earlier: $5,273
– Last Year: $5,563
– Prior Year: $4,730
– Total YTD: $24,310

2. **Depreciation and Amortization**
– Current: $201

### Observations and Conclusions

The data clearly indicates a fluctuation in share-based compensation costs and overall spending strategies. Management’s decisions regarding employee compensation are vital indicators of company performance and prospects moving forward.

This financial summary provides a glimpse into operational costs that will influence the company’s future strategies and market position. As businesses continue to navigate an evolving economic landscape, monitoring these figures will be essential for stakeholders.# Company Financials Reveal Key Insights and Metrics for Stakeholders

			193				190				247				265				799				831
Earn-out revaluation, acquisition related costs, and other		–				–				700				(672	)		65				–				28
	$	16,596

# Financial Overview: Company Sales and Marketing Spending Trends

## Current Financial Performance

In the recent reporting period, the company’s sales and marketing expenditures revealed significant figures. Here are the key amounts recorded:

– **Period 1**: $15,765
– **Period 2**: $16,261
– **Period 3**: $17,191
– **Period 4**: $18,567
– **Period 5**: $65,611
– **Period 6**: $65,813

## Detailed Sales and Marketing Data

Analyzing further into Generally Accepted Accounting Principles (GAAP) for sales and marketing:

– **First Quarter**: $42,152
– **Second Quarter**: $41,324
– **Third Quarter**: $42,970

## Observations and Trends

As shown in the data, expenditures have generally increased over the course of the analysis periods, highlighting a potential growth strategy focused on sales and marketing efforts. The spike in the fifth and sixth periods raises questions about strategic investments made during those times.

## Conclusion

The financial data indicates a robust investment in sales and marketing, particularly in the concluding periods analyzed. This trend may lead to increased market competitiveness and a strong growth outlook moving forward.# Financial Overview Reveals Key Insights on Compensation and Depreciation

$	45,232			$	47,390			$	161,208			$	171,678
Less:
Share-based compensation		3,436				3,389				3,605				3,162			2,246				13,304			13,592
Depreciation and amortization

This overview presents critical insights into share-based compensation figures and depreciation trends. Engaging with these financial metrics is essential for understanding the broader implications for fiscal management and corporate strategy.# Financial Data Highlights: Key Numbers and Trends

	264				553				721				770				716				1,601				2,308
Earn-out revaluation, acquisition related costs and other		–			–					67				1,811				1,197				–				1,878
Non-GAAP sales and marketing	$	38,452

# Financial Data Overview: Key Metrics from Recent Reports

		$	37,382			$	38,577			$	39,489			$	43,231			$	146,303			$	153,900
GAAP general and administrative	$	16,451			$	17,764			$

# Financial Overview: Key Salary and Compensation Metrics

—

### Salary Breakdown

**Compensation Figures**
The data presents various salary and compensation metrics:

– **Base Salary:**
– **Employee A:** $18,817
– **Employee B:** $21,782
– **Employee C:** $20,966
– **Total Base Salaries:** $62,710
– **Aggregate Compensations:** $74,814

### Additional Deductions

**Less:
Charges Subtracted from Total**
– **Share-based Compensation:**
– **Employee A:** $8,070
– **Employee B:** $8,653
– **Employee C:** $9,072
– **Employee D:** $8,850
– **Total Share-based Compensation:** $28,587
– **Total Adjustments from Base Salaries:** $34,645

This overview consolidates key financial data regarding salaries and compensation, crucial for analyzing employee costs and financial planning.# Financial Overview: Depreciation, Amortization, and Acquisition Costs

## Depreciation and Amortization Breakdown

This section focuses on depreciation and amortization, significant components of financial reporting.

Depreciation and amortization

72

69

66

113

139

334

320

## Earn-out Revaluation and Acquisition-Related Costs

Next, we examine costs associated with acquisitions and their adjustments.

Earn-out revaluation, acquisition-related costs and other

9

109

495

3,084

3,293

(359)

)

3,697

## Non-GAAP General and Administrative Expenses

Finally, we will analyze the non-GAAP general and administrative costs and their implications on overall financial health.

Each of these components plays a vital role in understanding the company’s financial health and operational efficiency.# Financial Data Overview: Key Figures on the Horizon

$	8,300			$	8,933			$	9,184			$	9,735			$	9,179			$	34,148			$	36,152

# Financial Reconciliation of GAAP Cash to Free Cash Flow

## Overview of Cash Flow Activities

### Introduction

This article presents a detailed reconciliation of GAAP cash from operating activities to free cash flow, providing critical insights into financial performance.

### GAAP Cash Conversion

The reconciliation data is organized by quarter and reported in thousands. The following sections highlight the specific figures for Q1, Q2, and Q3 of 2024.

“`html

RECONCILIATION OF GAAP CASH FROM OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) Q1’24 Q2’24 Q3’24

“`

### Financial Figures

Details on the progression of cash flow across the quarters will clarify operational effectiveness and liquidity levels.

### Conclusion

The reconciliation from GAAP cash from operating activities to free cash flow reveals significant insights for stakeholders, highlighting operational efficiency and capacity for reinvestment. Understanding these figures is essential for evaluating financial health and strategic positioning within the market.# Financial Overview: Q4’24, Q1’25, FY 2023, and FY 2024 Results

Q4’24				Q1’25				FY 2023				FY 2024
	Unaudited																				(Audited)				(Audited)
Net cash provided by operating activities	$	21,196			$	20,971			$	10,867			$	30,034			$	28,309			$	83,186			$	83,068
Purchase of property and equipment		(378	)			(309	)			(290	)			(326

# Financial Overview: Key Metrics and Internal Software Capitalization

## Internal-Use Software Capitalization

### Recent Figures
– **Loss for Current Period:** $(287)
– **Loss for Previous Period:** $(1,053)
– **Loss for Year to Date:** $(1,303)

### Detailed Breakdown
– **Current Period Capitalization:** $(20)
– **Previous Period Capitalization:** $(83)
– **Year to Date Capitalization:** $(661)

## Free Cash Flow Insights

### Current and Historical Cash Flow Data
– **Free Cash Flow for Current Period:** $20,798
– **Free Cash Flow for Previous Period:** $20,662
– **Free Cash Flow for Year to Date:** $10,577

—

This summary presents an overview of financial metrics related to internal-use software and free cash flow. The figures highlight significant losses in capitalization over multiple periods while also indicating a robust free cash flow position in recent months, reflecting the company’s operational efficiency.# Key Financial Measures Highlighted in Recent Performance Report

## Introduction to Metrics and Non-GAAP Measures

This release outlines essential performance metrics and financial measures that are not based on Generally Accepted Accounting Principles (GAAP). These metrics include Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, and others. Key operating metrics, such as Gross Merchandise Value (GMV), annual active buyers, and marketplace take rate, are also included. Note that some figures may not total due to rounding, and all percentages are calculated using unrounded amounts.

## Updated Definitions for Key Metrics

As of the fourth quarter of 2024, we revised the definitions of several metrics: annual active buyers, GMV, annual spend per buyer, and marketplace take rate. These updates ensure clarity in our revenue presentation, which is now divided into marketplace revenue and services revenue. This means these metrics will exclusively reflect the marketplace, excluding services that were previously deemed immaterial.

## Non-GAAP Financial Performance Measures

We define non-GAAP measures by adjusting the related GAAP figures shown in the tables. Adjustments include factors like depreciation and amortization, share-based compensation expenses, and acquisition costs. While amortization of acquired intangible assets is excluded, revenues from acquired companies are included, highlighting their contributions.

Non-GAAP gross profit margin is calculated as a percentage of revenue, while non-GAAP net income (loss) per share reflects net income (loss) divided by the GAAP weighted-average number of ordinary shares. Free cash flow, serving as a liquidity measure, is defined as net cash provided by operating activities minus capital expenditures.

## Definitions of Key Terms

Gross Merchandise Value (GMV) is the total value of transactions completed on our marketplace, excluding taxes and refunds. The annual active buyer count reflects users who have made a purchase within the last year, regardless of any cancellations. Annual spend per buyer is determined by dividing GMV from the past year by the number of active buyers at that time. The marketplace take rate is calculated by dividing revenue for a given period by GMV for that same period.

When referring to the marketplace, we discuss transactions between buyers and freelancers on Fiverr.com, while the platform encompasses both the marketplace and additional services.

## Usage of Supplemental Metrics

Our management team and board of directors utilize these non-GAAP metrics to gain insights into operational performance, free from the impact of elements not directly related to core operations. These key performance indicators assist in comparative analysis and planning, ensuring effective strategic evaluation and decision-making for capital expenditures and business expansion. Free cash flow remains a crucial metric for assessing available cash surplus for operational needs.# Understanding Non-GAAP Metrics and Their Importance for Financial Analysis

Non-GAAP metrics serve a crucial role in assessing a company’s financial health, especially when looking at ongoing operations. Free cash flow is commonly used to fund business expansions and covers capital expenditures tied to essential operational components. These expenditures mainly include property, equipment purchases, and capitalized software costs.

It is important to note that free cash flow should not replace or be seen as superior to cash from operating activities. Additionally, metrics such as Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, and non-GAAP net income (loss) should not be viewed in isolation. These measures are frequently utilized by analysts and investors to evaluate companies in our industry. Nonetheless, management believes these non-GAAP metrics are valuable as they eliminate expenses not directly linked to the business performance.

However, these non-GAAP metrics should not be interpreted as guarantees of future results. For example, Adjusted EBITDA and other non-GAAP metrics are not intended as measures of free cash flow due to their exclusion of tax payments and recurring cash costs, which may include asset replacements. Management compensates for these shortcomings by relying on GAAP results alongside Adjusted EBITDA and other non-GAAP measures for a comprehensive view of performance. Keep in mind that our definitions of Adjusted EBITDA, free cash flow, and other non-GAAP measures may differ from those employed by other companies due to varying calculation methods.

Refer to the tables above for reconciliations of these non-GAAP financial measures to their closest GAAP counterparts.

We are unable to provide a reconciliation of Adjusted EBITDA to net income (loss), the nearest GAAP measure, for specific future periods. Certain items exempt from Adjusted EBITDA and Adjusted EBITDA margin are unpredictable or beyond our control. Likewise, we cannot offer free cash flow guidance for future fiscal years due to similar uncertainties concerning factors like property and equipment purchases and software capitalizations, which could significantly affect our GAAP measures.

Forward-Looking Statements

This release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements, which do not relate to historical facts, include projections about our financial performance, operational expectations, business strategy, AI developments, and other essential future-oriented statements. Common phrases such as “expect,” “intend,” “plan,” “believe,” “project,” and similar terms indicate forward-looking statements.

These projections stem from management’s current expectations and do not guarantee future outcomes. Various known and unknown risks—ranging from economic conditions influencing consumer behavior to challenges in maintaining user engagement—could lead to actual results differing materially from those anticipated in these forward-looking statements. Risks may include our ability to implement successful business plans, attract a strong user base, generate sustainable revenue, and navigate competitive markets.

In addition to operational challenges, geopolitical situations, such as the ongoing conflict in Israel, may impact our business. Our ability to maintain data security and compliance with relevant laws is also paramount as we manage growth and market dynamics.

Risks are ever-evolving; thus, it is difficult to predict all potential challenges or assess their influence. Therefore, forward-looking statements should not be over-relied upon as indicators of future events, given that our communications are valid only as of their respective dates. We are not obligated to update or revise these statements unless required by law.

---

¹Refer to the “Key Performance Metrics and Non-GAAP Financial Measures” section at the end of this release for further details on non-GAAP metrics.

This article was initially published on Quiver News, which provided the full story.

The views expressed in this article are those of the author and may not reflect the opinions of Nasdaq, Inc.