FVRR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 64.76 | 272.20 | ||
| Price to Sales | 3.00 | 2.87 | ||
| Book Value Per Common Share | 10.12 | 9.20 | 7.08 | 9.44 |
| Price to Book | 3.14 | 2.96 | ||
| Price to Operating Cash Flow | 14.13 | 12.46 | ||
| Price to Free Cash Flow | 14.57 | 12.62 | ||
| Enterprise Value to EBITDA | 456408.10 | 774676.22 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 162.73 | 325.89 | 1184.00 | 88.14 | 646.75 |
| Price to Sales | 8.24 | 9.88 | 7.96 | 10.91 | 9.20 |
| Book Value Per Common Share | 10.81 | 10.98 | 10.56 | 10.12 | 9.20 |
| Price to Book | 2.26 | 2.67 | 2.24 | 3.14 | 2.81 |
| Price to Operating Cash Flow | 30.44 | 42.58 | 30.13 | 37.67 | 84.35 |
| Price to Free Cash Flow | 30.52 | 42.89 | 31.17 | 39.67 | 86.67 |
| Enterprise Value to EBITDA | 2831441.29 | 5148608.38 | 396128.08 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 390.00 | |||
| Revenue YoY | 8.33 | 7.12 | 13.34 | |
| EBITDA YoY | 83.47 | |||
| Net Profit YoY | 395.68 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 66.67 | 350.00 | -94.44 | 800.00 | |
| Revenue YoY | -0.69 | 1.37 | 3.39 | 4.05 | |
| EBITDA YoY | 51.33 | ||||
| Net Profit YoY | 73.68 | 299.50 | -93.78 | 848.85 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 15.34 | 10.96 | 12.54 | 8.99 |
| Quick Ratio | 0.88 | 2.15 | 2.44 | 1.79 |
| Current Ratio | 1.10 | 2.89 | 3.17 | 2.48 |
| Debt to Equity | 1.95 | 1.88 | 2.48 | 1.69 |
| Long-Term Debt to Equity | 0.06 | 1.30 | 1.73 | 1.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 20.64 | 19.80 | 17.98 | 15.91 | 14.10 |
| Quick Ratio | 1.10 | 1.08 | 0.96 | 0.88 | 2.30 |
| Current Ratio | 1.33 | 1.32 | 1.20 | 1.10 | 2.99 |
| Debt to Equity | 1.85 | 1.81 | 1.92 | 1.95 | 2.19 |
| Long-Term Debt to Equity | 0.05 | 0.07 | 0.06 | 0.06 | 1.47 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 1.71 | 0.36 | -7.74 | -6.98 |
| ROE | 5.03 | 1.03 | -26.90 | -18.74 |
| Gross Margin | 81.97 | 82.89 | 80.45 | 82.62 |
| Operating Margin | 3.69 | 2.10 | -18.38 | -12.40 |
| EBITDA Margin | 6.37 | 3.76 | -15.36 | -10.09 |
| Net Profit Margin | 4.66 | 1.02 | -21.19 | -21.84 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.49 | 0.28 | 0.07 | 1.20 | 0.13 |
| ROE | 1.39 | 0.79 | 0.21 | 3.54 | 0.42 |
| Gross Margin | 81.68 | 81.24 | 80.97 | 80.51 | 81.04 |
| Operating Margin | 0.10 | -1.83 | -4.85 | 23.52 | -3.49 |
| EBITDA Margin | 2.95 | 1.93 | -0.85 | 27.70 | -0.08 |
| Net Profit Margin | 5.13 | 2.93 | 0.74 | 12.38 | 1.36 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 1,069,974.00 | 1,023,604.00 | 923,802.00 | 931,570.00 |
| Current Assets | 756,084.00 | 594,476.00 | 625,221.00 | 468,218.00 |
| Cash and Short-Term Investments | 567,262.00 | 417,373.00 | 462,045.00 | 323,301.00 |
| Cash and Cash Equivalents | 133,472.00 | 183,674.00 | 86,752.00 | 71,151.00 |
| Short-Term Investments | 433,790.00 | 233,699.00 | 375,293.00 | 252,150.00 |
| Net Receivables | 34,198.00 | 24,217.00 | 19,019.00 | 14,285.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 154,624.00 | 152,886.00 | 144,157.00 | 130,632.00 |
| Non-Current Assets | 313,890.00 | 429,128.00 | 298,581.00 | 463,352.00 |
| Property, Plant, Equipment Net | 9,393.00 | 11,455.00 | 14,737.00 | 18,282.00 |
| Goodwill | 110,218.00 | 77,270.00 | 77,270.00 | 77,270.00 |
| Intangible Assets | 41,882.00 | 10,722.00 | 14,770.00 | 49,221.00 |
| Long-Term Investments | 122,009.00 | 328,332.00 | 189,839.00 | 317,524.00 |
| Non-Current Deferred Assets | 22,517.00 | 0 | 0 | 0 |
| Other Non-Current Assets | 7,871.00 | 1,349.00 | 0 | 0 |
| Liabilities | 707,324.00 | 667,830.00 | 658,070.00 | 584,702.00 |
| Current Liabilities | 684,949.00 | 205,425.00 | 197,098.00 | 189,044.00 |
| Payables and Expenses | 62,700.00 | 49,517.00 | 48,514.00 | 52,955.00 |
| Account Payables | 5,533.00 | 5,494.00 | 8,630.00 | 8,699.00 |
| Current Accrued Liabilities | 55,900.00 | 43,615.00 | 39,564.00 | 41,908.00 |
| Short-Term Debt | 460,468.00 | 2,571.00 | 2,755.00 | 5,324.00 |
| Other Current Liabilities | 161,781.00 | 153,337.00 | 145,829.00 | 130,765.00 |
| Non-Current Liabilities | 22,375.00 | 462,405.00 | 460,972.00 | 395,658.00 |
| Long-Term Debt | 2,747.00 | 459,787.00 | 459,413.00 | 382,559.00 |
| Other Non-Current Liabilities | 19,628.00 | 2,618.00 | 1,559.00 | 13,099.00 |
| Equity | 362,650.00 | 355,774.00 | 265,732.00 | 346,868.00 |
| Shareholders Equity | 362,650.00 | 355,774.00 | 265,732.00 | 346,868.00 |
| Capital Stock | 0 | 0 | 0 | 0 |
| Share Premium | 727,176.00 | 640,846.00 | 565,834.00 | 585,548.00 |
| Retained Earnings | -366,193.00 | -284,358.00 | -288,039.00 | -237,585.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,667.00 | -714.00 | -12,063.00 | -1,095.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 463,215.00 | 462,358.00 | 462,168.00 | 387,883.00 |
| Net Debt | 324,388.00 | 271,631.00 | 366,012.00 | 303,194.00 |
| Common Shares Outstanding | 35,844.11 | 38,653.96 | 37,537.56 | 36,761.11 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 391,481.00 | 361,375.00 | 337,366.00 | 297,662.00 |
| Cost Of Revenue | 70,566.00 | 61,846.00 | 65,948.00 | 51,723.00 |
| Interest Income | 31,258.00 | 23,153.00 | 12,866.00 | 9,826.00 |
| Interest Expense | 2,555.00 | 2,541.00 | 8,912.00 | 27,932.00 |
| Non-Interest Expense | 246,492.00 | 223,918.00 | 225,760.00 | 211,981.00 |
| Gross Profit | 320,915.00 | 299,529.00 | 271,418.00 | 245,939.00 |
| Operating Expenses | 336,733.00 | 314,638.00 | 318,323.00 | 291,279.00 |
| Selling, General and Administrative Expenses | 246,492.00 | 223,918.00 | 225,760.00 | 211,981.00 |
| Research and Development Expenses | 90,241.00 | 90,720.00 | 92,563.00 | 79,298.00 |
| Operating Income | -15,818.00 | -15,109.00 | -46,905.00 | -45,340.00 |
| EBT | 11,888.00 | 5,054.00 | -70,910.00 | -64,853.00 |
| Income Tax | -6,358.00 | 1,373.00 | 577.00 | 159.00 |
| Net Income Including Non-Controlling Interests | 18,246.00 | 3,681.00 | -71,487.00 | -65,012.00 |
| Net Income | 18,246.00 | 3,681.00 | -71,487.00 | -65,012.00 |
| EBIT | 14,443.00 | 7,595.00 | -61,998.00 | -36,921.00 |
| Deprecation and Amortization | 10,476.00 | 5,987.00 | 10,185.00 | 6,876.00 |
| EBITDA | 24,919.00 | 13,582.00 | -51,813.00 | -30,045.00 |
| EPS | 0.00 | 0.00 | -0.00 | -0.00 |
| Diluted EPS | 0.00 | 0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 36,984.76 | 38,066.20 | 36,856.14 | 35,955.01 |
| Average Shares Outstanding Diluted | 37,840.15 | 39,151.05 | 36,856.14 | 35,955.01 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 83,068.00 | 83,186.00 | 30,112.00 | 38,037.00 |
| Operating Net Income | 18,246.00 | 3,681.00 | -71,487.00 | -65,012.00 |
| Deprecation and Amortization | 10,476.00 | 5,987.00 | 10,185.00 | 6,876.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 73,942.00 | 68,698.00 | 71,755.00 | 55,407.00 |
| Change in Working Capital | -7,815.00 | 3,297.00 | -4,134.00 | 13,112.00 |
| Other Operating Activities | -11,781.00 | 1,523.00 | 23,793.00 | 27,654.00 |
| Investing Cash Flow | -28,818.00 | 9,776.00 | -14,624.00 | -229,470.00 |
| Capital Expenditure | -103.00 | -60.00 | -1,000.00 | -894.00 |
| Net Purchase/Sale of PPE | -1,303.00 | -1,053.00 | -1,198.00 | -1,684.00 |
| Net Purchase/Sale of Investments Net | 13,732.00 | 10,889.00 | -11,000.00 | -88,693.00 |
| Net Purchase/Sale of Business | -39,738.00 | 0 | 0 | -97,084.00 |
| Other Investing Activities | -1,406.00 | 0.00 | -1,426.00 | -41,115.00 |
| Financing Cash Flow | -104,222.00 | 2,852.00 | -1,637.00 | -2,397.00 |
| Net Issuance/Repayment of Debt | -3,992.00 | 0 | -2,269.00 | -599.00 |
| Net Issuance/Repurchase of Equity | -100,081.00 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -149.00 | 2,852.00 | 632.00 | -1,798.00 |
| Net Change in Cash | -49,972.00 | 95,814.00 | 13,851.00 | -193,830.00 |
| Cash at Beginning of Period | 183,674.00 | 87,889.00 | 74,070.00 | 268,030.00 |
| Cash at End of Period | 133,472.00 | 183,674.00 | 87,889.00 | 74,070.00 |
| Free Cash Flow | 80,556.00 | 82,073.00 | 27,739.00 | 35,459.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,135,641.00 | 1,138,600.00 | 1,105,560.00 | 1,069,974.00 | 1,034,810.00 |
| Current Assets | 956,532.00 | 930,230.00 | 847,172.00 | 756,084.00 | 696,618.00 |
| Cash and Short-Term Investments | 751,470.00 | 724,404.00 | 647,629.00 | 567,262.00 | 499,729.00 |
| Cash and Cash Equivalents | 559,661.00 | 313,520.00 | 187,104.00 | 133,472.00 | 159,245.00 |
| Short-Term Investments | 191,809.00 | 410,884.00 | 460,525.00 | 433,790.00 | 340,484.00 |
| Net Receivables | 35,269.00 | 40,392.00 | 31,179.00 | 34,198.00 | 36,248.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 169,793.00 | 165,434.00 | 168,364.00 | 154,624.00 | 160,641.00 |
| Non-Current Assets | 179,109.00 | 208,370.00 | 258,388.00 | 313,890.00 | 338,192.00 |
| Property, Plant, Equipment Net | 6,741.00 | 7,712.00 | 8,689.00 | 9,393.00 | 10,155.00 |
| Goodwill | 110,218.00 | 110,218.00 | 110,218.00 | 110,218.00 | 110,218.00 |
| Intangible Assets | 30,014.00 | 35,077.00 | 38,742.00 | 41,882.00 | 44,175.00 |
| Long-Term Investments | 0 | 23,770.00 | 69,716.00 | 122,009.00 | 164,149.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 22,517.00 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 7,871.00 | 0 |
| Liabilities | 736,993.00 | 733,736.00 | 726,952.00 | 707,324.00 | 710,324.00 |
| Current Liabilities | 717,547.00 | 706,708.00 | 703,739.00 | 684,949.00 | 232,906.00 |
| Payables and Expenses | 79,516.00 | 71,852.00 | 66,043.00 | 62,700.00 | 62,442.00 |
| Account Payables | 4,873.00 | 6,922.00 | 6,947.00 | 5,533.00 | 2,851.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 55,900.00 | 0 |
| Short-Term Debt | 462,703.00 | 461,970.00 | 461,068.00 | 460,468.00 | 2,570.00 |
| Other Current Liabilities | 175,328.00 | 172,886.00 | 176,628.00 | 161,781.00 | 167,894.00 |
| Non-Current Liabilities | 19,446.00 | 27,028.00 | 23,213.00 | 22,375.00 | 477,418.00 |
| Long-Term Debt | 860.00 | 1,547.00 | 23,213.00 | 2,747.00 | 460,557.00 |
| Other Non-Current Liabilities | 18,586.00 | 25,481.00 | 0.00 | 19,628.00 | 16,861.00 |
| Equity | 398,648.00 | 404,864.00 | 378,608.00 | 362,650.00 | 324,486.00 |
| Shareholders Equity | 398,648.00 | 404,864.00 | 378,608.00 | 362,650.00 | 324,486.00 |
| Capital Stock | 0 | 0 | 0 | 0 | 701,490.00 |
| Share Premium | 772,916.00 | 760,995.00 | 743,289.00 | 727,176.00 | 0 |
| Retained Earnings | -379,190.00 | -362,207.00 | -365,395.00 | -366,193.00 | -379,031.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 4,922.00 | 6,076.00 | 714.00 | 1,667.00 | 2,027.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 463,563.00 | 463,517.00 | 484,281.00 | 463,215.00 | 463,127.00 |
| Net Debt | 0 | 145,623.00 | 292,536.00 | 324,388.00 | 297,975.00 |
| Common Shares Outstanding | 36,864.43 | 36,864.43 | 35,844.11 | 35,844.11 | 35,286.03 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 107,903.00 | 108,648.00 | 107,184.00 | 103,666.00 | 99,628.00 |
| Cost Of Revenue | 19,766.00 | 20,384.00 | 20,396.00 | 20,201.00 | 18,893.00 |
| Interest Income | 6,815.00 | 6,554.00 | 7,325.00 | 9,214.00 | 6,881.00 |
| Non-Interest Expense | 62,883.00 | 66,259.00 | 68,356.00 | 67,014.00 | 61,787.00 |
| Gross Profit | 88,137.00 | 88,264.00 | 86,788.00 | 83,465.00 | 80,735.00 |
| Operating Expenses | 88,033.00 | 90,253.00 | 91,983.00 | 89,343.00 | 84,211.00 |
| Selling, General and Administrative Expenses | 62,883.00 | 66,259.00 | 68,356.00 | 67,014.00 | 61,787.00 |
| Research and Development Expenses | 25,150.00 | 23,994.00 | 23,627.00 | 22,329.00 | 22,424.00 |
| Operating Income | 104.00 | -1,989.00 | -5,195.00 | -5,878.00 | -3,476.00 |
| EBT | 6,919.00 | 4,565.00 | 2,130.00 | -216.00 | 3,405.00 |
| Income Tax | 1,382.00 | 1,377.00 | 1,332.00 | -13,054.00 | 2,052.00 |
| Net Income Including Non-Controlling Interests | 5,537.00 | 3,188.00 | 798.00 | 12,838.00 | 1,353.00 |
| Net Income | 5,537.00 | 3,188.00 | 798.00 | 12,838.00 | 1,353.00 |
| EBIT | 104.00 | -1,989.00 | -5,195.00 | 24,383.00 | -3,476.00 |
| Deprecation and Amortization | 3,074.00 | 4,089.00 | 4,284.00 | 4,328.00 | 3,392.00 |
| EBITDA | 3,178.00 | 2,100.00 | -911.00 | 28,711.00 | -84.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 36,415.19 | 36,586.00 | 36,019.14 | 35,658.29 | 35,435.53 |
| Average Shares Outstanding Diluted | 37,237.70 | 37,499.30 | 37,292.85 | 38,947.64 | 36,205.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 29,206.00 | 25,204.00 | 28,309.00 | 30,034.00 | 10,867.00 |
| Operating Net Income | 5,537.00 | 3,188.00 | 798.00 | 12,838.00 | 1,353.00 |
| Deprecation and Amortization | 3,074.00 | 4,089.00 | 4,284.00 | 4,328.00 | 3,392.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 11,925.00 | 14,055.00 | 15,754.00 | 18,020.00 | 18,464.00 |
| Change in Working Capital | 5,464.00 | 1,038.00 | 3,636.00 | -6,670.00 | 150.00 |
| Other Operating Activities | 3,206.00 | 2,834.00 | 3,837.00 | 1,518.00 | -12,492.00 |
| Investing Cash Flow | 243,241.00 | 96,417.00 | 25,912.00 | -53,150.00 | -13,774.00 |
| Capital Expenditure | 0 | 0 | -661.00 | -83.00 | 0 |
| Net Purchase/Sale of PPE | -77.00 | -185.00 | -287.00 | -326.00 | -290.00 |
| Net Purchase/Sale of Investments Net | 243,318.00 | 96,602.00 | 26,860.00 | -51,252.00 | 17,008.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | -383.00 | -30,192.00 |
| Other Investing Activities | 0.00 | 0.00 | 0 | -1,106.00 | -300.00 |
| Financing Cash Flow | -26,447.00 | 4,450.00 | -583.00 | -2,489.00 | -26,682.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | -3,992.00 |
| Net Issuance/Repurchase of Equity | -22,520.00 | 0 | 0 | 0 | -22,980.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -3,927.00 | 0 | 0 | -2,489.00 | 290.00 |
| Net Change in Cash | 246,000.00 | 126,071.00 | 53,638.00 | -25,605.00 | -29,589.00 |
| Cash at Beginning of Period | 313,520.00 | 187,104.00 | 133,472.00 | 159,245.00 | 188,729.00 |
| Cash at End of Period | 559,661.00 | 313,520.00 | 187,104.00 | 133,472.00 | 159,245.00 |
| Free Cash Flow | 29,129.00 | 25,019.00 | 27,361.00 | 28,519.00 | 10,577.00 |