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Fiverr International Ltd

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Feb 19, 2025

FVRR$8.30-1.3%Stored close · as of Nov 6, 2026
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Contents

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR
For the fiscal year ended December 31, 2024
OR
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
OR
☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

Commission file number 001-38929

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

State of Israel

(Jurisdiction of incorporation or organization)

8 Eliezer Kaplan St,

Tel Aviv 6473409, Israel

(Address of principal executive offices)

Micha Kaufman

Chief Executive Officer

Telephone: +972-72-2280910

Email: investors@fiverr.com

8 Eliezer Kaplan St,

Tel Aviv 6473409, Israel

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered, pursuant to Section 12(b) of the Act

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, no par valueFVRRThe New York Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or common stock as of the close of the period covered by the annual report.35,844,114 ordinary shares.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Note—Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

☒ Large accelerated filer☐ Accelerated filer☐ Non-accelerated filer☐ Emerging growth company

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

☒ U.S. GAAP☐ International Financial Reporting Standards as issued by the International Accounting Standards Board☐ Other

If “Other” has been checked in response to the previous question indicate by check mark which financial statement item the registrant has elected to follow.

Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

CONTENTS

Page
PRESENTATION OF FINANCIAL AND OTHER INFORMATION4
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS5
PART I7
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS7
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE7
ITEM 3. KEY INFORMATION7
A. [Reserved]7
B. Capitalization and Indebtedness7
C. Reasons for the Offer and Use of Proceeds7
D. Risk Factors7
ITEM 4. INFORMATION ON THE COMPANY38
A. History and Development of the Company38
B. Business Overview38
C. Organizational Structure53
D. Property, Plant and Equipment54
ITEM 4A. UNRESOLVED STAFF COMMENTS54
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS54
A. Operating Results59
B. Liquidity and Capital Resources61
C. Research and Development, Patents and Licenses, etc.64
D. Trend Information64
E. Critical Accounting Estimates64
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES65
A. Directors and Senior Management65
B. Compensation67
C. Board Practices72
D. Employees81
E. Share Ownership82
F. Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation82
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS82
A. Major Shareholders82
B. Related Party Transactions84
C. Interests of Experts and Counsel84
ITEM 8. FINANCIAL INFORMATION84
A. Consolidated Statements and Other Financial Information84
B. Significant Changes85
ITEM 9. THE OFFER AND LISTING85
A. Offer and Listing Details85
B. Plan of Distribution85
C. Markets85
D. Selling Shareholders85
E. Dilution85
F. Expenses of the Issue85
ITEM 10. ADDITIONAL INFORMATION85
A. Share Capital85
B. Memorandum and Articles of Association85
C. Material Contracts86
D. Exchange Controls88
E. Taxation88
F. Dividends and Paying Agents97
G. Statement by Experts97
H. Documents on Display97
I. Subsidiary Information97
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK97
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES97
PART II98
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES98
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS98
ITEM 15. CONTROLS AND PROCEDURES98
ITEM 16. [RESERVED]98
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT98
ITEM 16B. CODE OF ETHICS99
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES99
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES99
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS100
ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT101
ITEM 16G. CORPORATE GOVERNANCE101
ITEM 16H. MINE SAFETY DISCLOSURE101
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS101
ITEM 16J. INSIDER TRADING POLICIES102
ITEM 16K. CYBERSECURITY102
PART III103
ITEM 17. FINANCIAL STATEMENTS103
ITEM 18. FINANCIAL STATEMENTS103
ITEM 19. EXHIBITS103
SIGNATURES106
INDEX TO CONSOLIDATED FINANCIAL STATEMENTSF-1
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.