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

Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $287.8M, roughly 1.4× Fiverr International Ltd.). Shake Shack Inc. runs the higher net margin — 3.0% vs 1.9%, a 1.1% gap on every dollar of revenue. Fiverr International Ltd. produced more free cash flow last quarter ($52.1M vs $4.0M). Over the past eight quarters, Fiverr International Ltd.'s revenue compounded faster (29.5% CAGR vs 17.4%).

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.

Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.

FVRR vs SHAK — Head-to-Head

Bigger by revenue
SHAK
SHAK
1.4× larger
SHAK
$400.5M
$287.8M
FVRR
Higher net margin
SHAK
SHAK
1.1% more per $
SHAK
3.0%
1.9%
FVRR
More free cash flow
FVRR
FVRR
$48.1M more FCF
FVRR
$52.1M
$4.0M
SHAK
Faster 2-yr revenue CAGR
FVRR
FVRR
Annualised
FVRR
29.5%
17.4%
SHAK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FVRR
FVRR
SHAK
SHAK
Revenue
$287.8M
$400.5M
Net Profit
$5.4M
$11.8M
Gross Margin
82.5%
Operating Margin
-3.5%
4.7%
Net Margin
1.9%
3.0%
Revenue YoY
21.9%
Net Profit YoY
35.8%
EPS (diluted)
$0.28

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
SHAK
SHAK
Q4 25
$400.5M
Q3 25
$287.8M
$367.4M
Q2 25
$188.2M
$356.5M
Q1 25
$93.5M
$320.9M
Q4 24
$328.7M
Q3 24
$269.9M
$316.9M
Q2 24
$177.3M
$316.5M
Q1 24
$88.0M
$290.5M
Net Profit
FVRR
FVRR
SHAK
SHAK
Q4 25
$11.8M
Q3 25
$5.4M
$12.5M
Q2 25
$4.1M
$17.1M
Q1 25
$788.0K
$4.2M
Q4 24
$8.7M
Q3 24
$-1.0M
$-10.2M
Q2 24
$-4.0M
$9.7M
Q1 24
$-4.3M
$2.0M
Gross Margin
FVRR
FVRR
SHAK
SHAK
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
SHAK
SHAK
Q4 25
4.7%
Q3 25
-3.5%
5.0%
Q2 25
-3.4%
6.3%
Q1 25
-4.4%
0.9%
Q4 24
3.1%
Q3 24
-5.0%
-5.7%
Q2 24
-6.3%
3.4%
Q1 24
-8.1%
0.0%
Net Margin
FVRR
FVRR
SHAK
SHAK
Q4 25
3.0%
Q3 25
1.9%
3.4%
Q2 25
2.2%
4.8%
Q1 25
0.8%
1.3%
Q4 24
2.6%
Q3 24
-0.4%
-3.2%
Q2 24
-2.3%
3.1%
Q1 24
-4.9%
0.7%
EPS (diluted)
FVRR
FVRR
SHAK
SHAK
Q4 25
$0.28
Q3 25
$0.30
Q2 25
$0.41
Q1 25
$0.10
Q4 24
$0.22
Q3 24
$-0.26
Q2 24
$0.23
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
FVRR
FVRR
SHAK
SHAK
Cash + ST InvestmentsLiquidity on hand
$133.5M
$360.1M
Total DebtLower is stronger
$247.7M
Stockholders' EquityBook value
$362.6M
$525.3M
Total Assets
$1.1B
$1.9B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVRR
FVRR
SHAK
SHAK
Q4 25
$360.1M
Q3 25
$133.5M
$357.8M
Q2 25
$578.4M
$336.8M
Q1 25
$133.5M
$312.9M
Q4 24
$320.7M
Q3 24
$183.7M
$310.9M
Q2 24
$183.7M
$304.4M
Q1 24
$183.7M
$284.8M
Total Debt
FVRR
FVRR
SHAK
SHAK
Q4 25
$247.7M
Q3 25
$247.5M
Q2 25
$247.2M
Q1 25
$246.9M
Q4 24
$246.7M
Q3 24
$246.4M
Q2 24
$246.2M
Q1 24
$245.9M
Stockholders' Equity
FVRR
FVRR
SHAK
SHAK
Q4 25
$525.3M
Q3 25
$362.6M
$509.0M
Q2 25
$404.9M
$494.1M
Q1 25
$362.6M
$473.3M
Q4 24
$470.0M
Q3 24
$355.8M
$456.1M
Q2 24
$355.8M
$462.4M
Q1 24
$355.8M
$446.4M
Total Assets
FVRR
FVRR
SHAK
SHAK
Q4 25
$1.9B
Q3 25
$1.1B
$1.8B
Q2 25
$1.1B
$1.8B
Q1 25
$1.1B
$1.7B
Q4 24
$1.7B
Q3 24
$1.0B
$1.7B
Q2 24
$1.0B
$1.7B
Q1 24
$1.0B
$1.6B
Debt / Equity
FVRR
FVRR
SHAK
SHAK
Q4 25
0.47×
Q3 25
0.49×
Q2 25
0.50×
Q1 25
0.52×
Q4 24
0.52×
Q3 24
0.54×
Q2 24
0.53×
Q1 24
0.55×

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
SHAK
SHAK
Operating Cash FlowLast quarter
$53.0M
$63.1M
Free Cash FlowOCF − Capex
$52.1M
$4.0M
FCF MarginFCF / Revenue
18.1%
1.0%
Capex IntensityCapex / Revenue
0.3%
14.8%
Cash ConversionOCF / Net Profit
9.81×
5.34×
TTM Free Cash FlowTrailing 4 quarters
$124.9M
$56.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVRR
FVRR
SHAK
SHAK
Q4 25
$63.1M
Q3 25
$53.0M
$63.0M
Q2 25
$42.2M
$65.0M
Q1 25
$21.2M
$31.2M
Q4 24
$45.1M
Q3 24
$10.9M
$41.9M
Q2 24
$32.2M
$53.5M
Q1 24
$21.2M
$30.7M
Free Cash Flow
FVRR
FVRR
SHAK
SHAK
Q4 25
$4.0M
Q3 25
$52.1M
$23.7M
Q2 25
$41.5M
$26.9M
Q1 25
$20.8M
$1.9M
Q4 24
$10.4M
Q3 24
$10.6M
$7.1M
Q2 24
$31.5M
$20.6M
Q1 24
$20.8M
$-2.4M
FCF Margin
FVRR
FVRR
SHAK
SHAK
Q4 25
1.0%
Q3 25
18.1%
6.5%
Q2 25
22.0%
7.5%
Q1 25
22.3%
0.6%
Q4 24
3.2%
Q3 24
3.9%
2.2%
Q2 24
17.8%
6.5%
Q1 24
23.7%
-0.8%
Capex Intensity
FVRR
FVRR
SHAK
SHAK
Q4 25
14.8%
Q3 25
0.3%
10.7%
Q2 25
0.4%
10.7%
Q1 25
0.4%
9.1%
Q4 24
10.6%
Q3 24
0.1%
11.0%
Q2 24
0.4%
10.4%
Q1 24
0.4%
11.4%
Cash Conversion
FVRR
FVRR
SHAK
SHAK
Q4 25
5.34×
Q3 25
9.81×
5.04×
Q2 25
10.40×
3.79×
Q1 25
26.90×
7.36×
Q4 24
5.18×
Q3 24
Q2 24
5.54×
Q1 24
15.03×

Financial Flow Comparison

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

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