The EPS beat and raised EBITDA guidance are positive, but the continued decline in marketplace revenue and active buyers, along with weak Q2 revenue guidance, create a mixed picture. Traders should watch for further deterioration in marketplace metrics and whether services revenue can sustain its growth trajectory to offset marketplace headwinds.
Price Chart
Executive Summary
Fiverr reported Q1 2026 revenue of $105.5M (-1.6% YoY) and non-GAAP diluted EPS of $0.62, beating the $0.61 consensus. However, marketplace revenue declined 13.6% YoY and annual active buyers fell 17.8% YoY, while services revenue grew 30% YoY. Guidance for Q2 2026 revenue of $95-103M implies a YoY decline of 5-13%, and full-year 2026 revenue guidance of $380-420M was reiterated but implies a 3-12% decline. Adjusted EBITDA guidance was raised for FY 2026.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $105.5M, down 1.6% YoY from $107.2M
- Non-GAAP diluted EPS $0.62 vs consensus $0.61 (beat)
- Marketplace revenue $67.1M, down 13.6% YoY
- Services revenue $38.4M, up 30.0% YoY
- Annual active buyers 2.9M, down 17.8% YoY
- Annual spend per buyer $356, up 15.4% YoY
- GAAP net income $8.6M vs $0.8M YoY
- Adjusted EBITDA $22.6M, up 16.3% YoY, margin 21.4% vs 18.1%
- Q2 2026 revenue guidance $95-103M (YoY decline 5-13%)
- FY 2026 revenue guidance reiterated $380-420M (YoY decline 3-12%)
- FY 2026 Adjusted EBITDA guidance raised to $64-80M
- Free cash flow $21.0M, down 23.2% YoY
Financial Impact
Revenue decline of 1.6% YoY, marketplace revenue decline of 13.6% YoY, but services revenue growth of 30% YoY partially offset. Adjusted EBITDA margin improved 330 bps to 21.4%.
Risk Factors
- Continued decline in annual active buyers (-17.8% YoY) signals shrinking marketplace user base
- Q2 revenue guidance midpoint of $99M implies a 9% YoY decline, below consensus expectations
- Free cash flow declined 23.2% YoY, reducing financial flexibility
- Marketplace revenue decline of 13.6% YoY suggests core business is under pressure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283423 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 12w ago | Press Release | $9.21 $8.49 | ▲ +7.82% | ▲ +12.55% | $8.19 (+11.07%) |
Jul 8, 2026 15w ago | Press Release | $10.87 $8.56 | ▼ −21.25% | ▼ −23.75% | $8.19 (−24.66%) |
Jun 2, 2026 20w ago | 144 | $10.07 $9.39 | ▲ +6.75% | ▲ +9.25% | $8.19 (+18.67%) |
Jun 2, 2026 20w ago | Insider Cluster | $10.07 $9.39 | ▼ −6.75% | ▼ −8.99% | $8.19 (−18.67%) |
Jun 2, 2026 20w ago | Insider Cluster | $10.07 $9.39 | ▼ −6.75% | ▼ −8.99% | $8.19 (−18.67%) |
Jun 2, 2026 20w ago | Insider Cluster | $10.07 $9.39 | ▼ −6.75% | ▼ −8.99% | $8.19 (−18.67%) |
Jun 2, 2026 20w ago | Insider Cluster | $10.07 $9.39 | ▼ −6.75% | ▼ −9.25% | $8.19 (−18.67%) |
Jun 2, 2026 21w ago | Insider Cluster | $10.07 $9.39 | ▼ −6.75% | ▼ −9.25% | $8.19 (−18.67%) |
Apr 29, 2026 25w ago | Press Release | $12.12 $10.46 | ▼ −13.70% | ▼ −17.81% | $8.19 (−32.43%) |
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