vs

Side-by-side financial comparison of Fiverr International Ltd. (FVRR) and Hagerty, Inc. (HGTY). Click either name above to swap in a different company.

Hagerty, Inc. is the larger business by last-quarter revenue ($388.1M vs $287.8M, roughly 1.3× Fiverr International Ltd.). Hagerty, Inc. runs the higher net margin — 7.4% vs 1.9%, a 5.5% gap on every dollar of revenue. Hagerty, Inc. produced more free cash flow last quarter ($194.5M vs $52.1M). Over the past eight quarters, Fiverr International Ltd.'s revenue compounded faster (29.5% CAGR vs 19.5%).

Fiverr International Ltd. operates a global online freelance services marketplace connecting businesses and independent creators across over 160 countries. It offers services covering digital marketing, graphic design, programming, writing, video editing, and other professional fields, catering to SMEs, startups, and enterprise clients needing flexible on-demand talent solutions.

Hagerty, Inc. is an American automotive lifestyle and membership company, as well as the world's largest provider of specialty insurance for classic vehicles. Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.

FVRR vs HGTY — Head-to-Head

Bigger by revenue
HGTY
HGTY
1.3× larger
HGTY
$388.1M
$287.8M
FVRR
Higher net margin
HGTY
HGTY
5.5% more per $
HGTY
7.4%
1.9%
FVRR
More free cash flow
HGTY
HGTY
$142.4M more FCF
HGTY
$194.5M
$52.1M
FVRR
Faster 2-yr revenue CAGR
FVRR
FVRR
Annualised
FVRR
29.5%
19.5%
HGTY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FVRR
FVRR
HGTY
HGTY
Revenue
$287.8M
$388.1M
Net Profit
$5.4M
$28.6M
Gross Margin
82.5%
Operating Margin
-3.5%
10.2%
Net Margin
1.9%
7.4%
Revenue YoY
16.5%
Net Profit YoY
238.4%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FVRR
FVRR
HGTY
HGTY
Q4 25
$388.1M
Q3 25
$287.8M
$380.0M
Q2 25
$188.2M
$368.7M
Q1 25
$93.5M
$319.6M
Q4 24
$333.2M
Q3 24
$269.9M
$323.4M
Q2 24
$177.3M
$313.2M
Q1 24
$88.0M
$271.7M
Net Profit
FVRR
FVRR
HGTY
HGTY
Q4 25
$28.6M
Q3 25
$5.4M
$46.2M
Q2 25
$4.1M
$47.2M
Q1 25
$788.0K
$27.3M
Q4 24
$8.4M
Q3 24
$-1.0M
$19.0M
Q2 24
$-4.0M
$42.7M
Q1 24
$-4.3M
$8.2M
Gross Margin
FVRR
FVRR
HGTY
HGTY
Q4 25
Q3 25
82.5%
Q2 25
83.3%
Q1 25
83.5%
Q4 24
Q3 24
82.8%
Q2 24
82.4%
Q1 24
82.2%
Operating Margin
FVRR
FVRR
HGTY
HGTY
Q4 25
10.2%
Q3 25
-3.5%
9.0%
Q2 25
-3.4%
12.9%
Q1 25
-4.4%
8.1%
Q4 24
1.8%
Q3 24
-5.0%
3.1%
Q2 24
-6.3%
12.2%
Q1 24
-8.1%
4.5%
Net Margin
FVRR
FVRR
HGTY
HGTY
Q4 25
7.4%
Q3 25
1.9%
12.2%
Q2 25
2.2%
12.8%
Q1 25
0.8%
8.5%
Q4 24
2.5%
Q3 24
-0.4%
5.9%
Q2 24
-2.3%
13.6%
Q1 24
-4.9%
3.0%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVRR
FVRR
HGTY
HGTY
Cash + ST InvestmentsLiquidity on hand
$133.5M
$160.2M
Total DebtLower is stronger
$177.9M
Stockholders' EquityBook value
$362.6M
$221.3M
Total Assets
$1.1B
$2.1B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVRR
FVRR
HGTY
HGTY
Q4 25
$160.2M
Q3 25
$133.5M
$290.5M
Q2 25
$578.4M
$259.6M
Q1 25
$133.5M
$232.7M
Q4 24
$178.7M
Q3 24
$183.7M
$208.9M
Q2 24
$183.7M
$186.4M
Q1 24
$183.7M
$131.2M
Total Debt
FVRR
FVRR
HGTY
HGTY
Q4 25
$177.9M
Q3 25
$104.4M
Q2 25
$153.4M
Q1 25
$132.6M
Q4 24
$105.8M
Q3 24
$122.9M
Q2 24
$98.0M
Q1 24
$91.5M
Stockholders' Equity
FVRR
FVRR
HGTY
HGTY
Q4 25
$221.3M
Q3 25
$362.6M
$211.7M
Q2 25
$404.9M
$172.3M
Q1 25
$362.6M
$162.9M
Q4 24
$150.3M
Q3 24
$355.8M
$148.3M
Q2 24
$355.8M
$94.4M
Q1 24
$355.8M
$93.5M
Total Assets
FVRR
FVRR
HGTY
HGTY
Q4 25
$2.1B
Q3 25
$1.1B
$2.2B
Q2 25
$1.1B
$2.0B
Q1 25
$1.1B
$1.8B
Q4 24
$1.7B
Q3 24
$1.0B
$1.8B
Q2 24
$1.0B
$1.7B
Q1 24
$1.0B
$1.6B
Debt / Equity
FVRR
FVRR
HGTY
HGTY
Q4 25
0.80×
Q3 25
0.49×
Q2 25
0.89×
Q1 25
0.81×
Q4 24
0.70×
Q3 24
0.83×
Q2 24
1.04×
Q1 24
0.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVRR
FVRR
HGTY
HGTY
Operating Cash FlowLast quarter
$53.0M
$219.0M
Free Cash FlowOCF − Capex
$52.1M
$194.5M
FCF MarginFCF / Revenue
18.1%
50.1%
Capex IntensityCapex / Revenue
0.3%
6.3%
Cash ConversionOCF / Net Profit
9.81×
7.67×
TTM Free Cash FlowTrailing 4 quarters
$124.9M
$365.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVRR
FVRR
HGTY
HGTY
Q4 25
$219.0M
Q3 25
$53.0M
$92.2M
Q2 25
$42.2M
$53.9M
Q1 25
$21.2M
$43.8M
Q4 24
$177.0M
Q3 24
$10.9M
$67.4M
Q2 24
$32.2M
$64.0M
Q1 24
$21.2M
$58.2M
Free Cash Flow
FVRR
FVRR
HGTY
HGTY
Q4 25
$194.5M
Q3 25
$52.1M
$85.2M
Q2 25
$41.5M
$47.7M
Q1 25
$20.8M
$38.4M
Q4 24
$155.7M
Q3 24
$10.6M
$62.0M
Q2 24
$31.5M
$56.6M
Q1 24
$20.8M
$53.7M
FCF Margin
FVRR
FVRR
HGTY
HGTY
Q4 25
50.1%
Q3 25
18.1%
22.4%
Q2 25
22.0%
12.9%
Q1 25
22.3%
12.0%
Q4 24
46.7%
Q3 24
3.9%
19.2%
Q2 24
17.8%
18.1%
Q1 24
23.7%
19.8%
Capex Intensity
FVRR
FVRR
HGTY
HGTY
Q4 25
6.3%
Q3 25
0.3%
1.8%
Q2 25
0.4%
1.7%
Q1 25
0.4%
1.7%
Q4 24
6.4%
Q3 24
0.1%
1.7%
Q2 24
0.4%
2.4%
Q1 24
0.4%
1.7%
Cash Conversion
FVRR
FVRR
HGTY
HGTY
Q4 25
7.67×
Q3 25
9.81×
2.00×
Q2 25
10.40×
1.14×
Q1 25
26.90×
1.61×
Q4 24
20.97×
Q3 24
3.55×
Q2 24
1.50×
Q1 24
7.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons