WinstonWınston
Back

Deep Value: cash covers about 98% of the stock price

This company holds roughly $309M in cash and investments — about 98% of its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Fiverr International logo

Fiverr International

FVRR
62
Internet Content & Information · Communication Services
Price
$9.21
+0.03 (+0.33%)
Market Cap
$331.1M
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Exceptional
Stability
Good
Valuation
Exceptional

Share count rising — dilution

+3.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 36.0M (2021) → 37.2M (2025)

Winston Score History

The full picture

Fiverr runs an online marketplace where businesses and individuals can hire freelancers for digital work. Common services include graphic design, writing, video editing, programming, and marketing. Customers are mostly small businesses and entrepreneurs looking for affordable, on-demand help without hiring full-time employees.

Fiverr makes money by taking a cut of each transaction — it charges buyers a service fee and keeps a percentage of what sellers earn. The platform operates globally, with strong usage in the United States, Europe, and Israel, where the company is headquartered. Its main competitive advantage is its large, established network of buyers and sellers, which is hard for newcomers to replicate quickly. The key risk is competition from rivals like Upwork and from AI tools that can now do some of the same tasks — like writing and design — that freelancers on Fiverr have traditionally been paid to handle.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
81.7%
Premium pricing power — 81.7% gross margin
Profit after running costs
Operating Margin
4.5%
Thin — 4.5% operating margin
Return on the money invested
ROCE
4.3%
Weak — 4.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-0.2%
Shrinking sales (-0.2% YoY)
Profit growth
EPS YoY
+63.5%
Earnings growing fast (+63.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
307%
Turns 307% of profit into real cash
Spare cash per sale
FCF Margin
21.9%
Converts sales into free cash efficiently (21.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
11.1x
Attractive valuation — P/E 11.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+6.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (11.1 → 4.5)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial