Shares of Fiverr International Ltd. (NYSE: FVRR) are dropping significantly this morning after the freelance marketplace platform reported its Q4 2025 financial results.

While the company reported modest revenue growth, its 2026 outlook sent the stock plunging, even as Fiverr executives put a positive spin on the impact of artificial intelligence on its business. Here’s what you need to know.

Revenue increases, but outlook sends investors fleeing

On Wednesday morning, Fiverr reported its fourth-quarter 2025 results. And those results, for the most part, were mixed.

The company saw modest growth in total revenue, which rose to $107.2 million in the quarter—a 3.4% increase from a year earlier. Its revenue actuals fall on the lower end of the $104.3 million to $112.3 million range that the company had projected.

Subscribe to the Daily newsletter.Fast Company's trending stories delivered to you every day

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SIGN UP

Privacy PolicyFast Company Newsletters

However, once you get past the modest revenue growth, you see that Fiverr disappointed on many other key metrics. For example, its marketplace revenue for the quarter was $71.5 million, which was 2.7% lower than the same quarter a year earlier.

Perhaps more worrying, and looking out across its entire fiscal 2025, Fiverr reported that its annual active buyers as of December 31 totaled 3.1 million.

That’s down from 3.6 million annual active buyers a year earlier—a decline of half a million buyers, or 13.6% year over year.

© Fast Company