Fiverr^® press

29 Oct 2026

Fiverr Announces Third Quarter 2026 Results

Fiverr Announces Third Quarter 2026 Results

• Higher-value project growth: Projects at or above $1,000 represented 16% of completed projects' gross order amount on a trailing twelve-month basis.
• AI transformation investments: Advancing the platform by leveraging our Knowledge Graph to match talent based on delivered outcomes, scaling our new Mira AI headhunter to improve project scoping and conversion, and expanding into external LLM ecosystems.
• Capital allocation and liquidity: Generated $9.5 million in operating cash flow, $9.4 million in free cash flow, and ended the quarter with $316.2 million in cash, cash equivalents, deposits, and marketable securities.
• 2026 Outlook: Raised financial guidance ranges through fiscal year 2026 to reflect positive tailwinds from AutoDS’s recent high-profile campaign and disciplined cost management, partially offset by persistent search engine traffic headwinds.

NEW YORK, Oct. 29, 2026 -- Fiverr International Ltd. (NYSE: FVRR), the company that is transforming the way the world creates and works together, today reported financial results for the third quarter of 2026. The Company’s shareholder letter, posted on its investor relations website at investors.fiverr.com, includes additional operating results and management commentary.

“As the landscape shifts from traditional search toward GEO and automated workflows, we are proactively executing on a platform transformation to capture the future of work,” said Micha Kaufman, founder and CEO of Fiverr. “Our upmarket push continues to prove the defensibility and value of complex, high-value work. By upgrading our underlying infrastructure, advancing high-precision outcome matching, and embedding directly into the broader LLM ecosystem, we are rebuilding our traffic vectors while positioning our marketplace as the indispensable, agentic-friendly layer powering the future AI economy.”

“Our third quarter results demonstrate the resilience of our lean operating model amidst broader macro disruption. The stronger than expected performance in our services segment allowed us to outperform our previous quarterly guidance and support an upward revision to full year 2026,” said Esti Levy-Dadon, CFO of Fiverr. “With a strong balance sheet and healthy cash position, we are taking a disciplined approach to capital allocation, balancing liquidity, strict cost management, and cash flow generation while funding the key transformation investments to create long-term value.”

Third Quarter 2026 Financial Highlights

• Revenue in the third quarter of 2026 was $90.9 million, compared to $107.9 million in the third quarter of 2025, a decrease of 15.8% year over year.
• Marketplace revenue in the third quarter of 2026 was $55.4 million, compared to $73.6 million in the third quarter of 2025, a decline of 24.7% year over year.
• Annual active buyers¹ as of September 30, 2026, were 2.4 million, compared to 3.3 million as of September 30, 2025, a decline of 25.8% year over year.
• Annual spend per buyer¹ as of September 30, 2026, reached $373, compared to $330 as of September 30, 2025, an increase of 12.9% year over year.
• Marketplace take rate¹ for the twelve-months period ended September 30, 2026 was 28.2%, compared to 27.6% for the twelve-months period ended September 30, 2025.
• Services revenue in the third quarter of 2026 was $35.5 million, compared to $34.3 million in the third quarter of 2025, an increase of 3.4% year over year.
• GAAP gross margin in the third quarter of 2026 was 81.3%, down 40 basis points from 81.7% in the third quarter of 2025. Non-GAAP gross margin¹ in the third quarter of 2026 was 84.4%, up 20 basis points from 84.2% in the third quarter of 2025.
• GAAP net income in the third quarter of 2026 was $1.3 million, or $0.03 basic and diluted net income per share, compared to $5.5 million GAAP net income, or $0.15 basic and diluted net income per share in the third quarter of 2025.
• Non-GAAP net income¹ in the third quarter of 2026 was $16.0 million, or $0.44 basic non-GAAP net income per share¹ and $0.43 diluted non-GAAP net income per share¹, compared to $30.5 million non-GAAP net income¹, or $0.84 basic non-GAAP net income per share¹ and $0.77 diluted non-GAAP net income per share¹, in the third quarter of 2025.
• Net cash provided by operating activities in the third quarter of 2026 was $9.5 million, compared to $29.2 million in the third quarter of 2025, a decrease of 67.6% year over year.
• Free cash flow¹ in the third quarter of 2026 was $9.4 million, compared to $29.1 million in the third quarter of 2025, a decrease of 67.8% year over year.
• Adjusted EBITDA¹ in the third quarter of 2026 was $14.5 million, compared to $24.2 million in the third quarter of 2025. Adjusted EBITDA margin¹ was 16.0% in the third quarter of 2026, compared to 22.4% in the third quarter of 2025, representing a 640 basis points decline year over year.
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Executive Leadership Update

Following her decision not to relocate to Israel, Jinjin Qian has stepped down from her position as Chief Business Officer. The search for her successor, who will be based in Israel, is well advanced. In the interim, day-to-day operations and strategic direction continue to be led by Micha Kaufman, Chief Executive Officer, alongside Esti Levy-Dadon, Chief Financial Officer, who has assumed an expanded operational role to ensure a smooth transition and continuous operational alignment.

Financial Outlook

Our revised financial guidance through the remainder of fiscal year 2026 reflects the impact of several items. First, our better than expected performance in Q3’26, which exceeded our previously provided guidance. A primary driver of that strength was our Services segment, driven by AutoDS and e-commerce expansion, along with continued strict expense management. Second, these positive drivers continue to be offset by ongoing demand and search traffic headwinds across the marketplace stemming from AI-related disruption to traditional SEO and SEM. Third, the positive trends associated with AutoDS and e-commerce expansion are expected to continue through 2026.

We expect the shift from search to AI-driven discovery to drive a steeper decline than previously expected in marketplace traffic through 2027. While we anticipate lower year-over-year operational expenses in 2027, the reduction will be offset by the ongoing demand and search traffic headwinds, resulting in downward pressure on 2027 Adjusted EBITDA margin. We will provide full 2027 financial guidance when we report fourth quarter results next year.

	Q4 2026		FY 2026
Revenue		$80 - $86 million	$374 - $380 million
y/y growth		(25)% - (20)%	(13)% - (12)%
Adjusted EBITDA(1)		$6 - $10 million	$61 - $65 million

Conference Call and Webcast Details

Fiverr’s management will host a conference call to discuss its financial results on Thursday, October 29, 2026, at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Fiverr’s Investor Relations website. An archived version will be available on the website after the call. To participate in the conference call, please dial: Toll-Free: 1-833-630-1956 or International: 1-412-317-1837.

Investor Relations:

Steve Rubis

Emily Greenstein

investors@fiverr.com

Press:

Jenny Chang

Madeleine Bendalin

press@fiverr.com