Fiverr 20-F: Intangible Assets Valued, Acquisition Costs Reported
Ticker: FVRR · Form: 20-F · Filed: Feb 19, 2025 · CIK: 1762301
Sentiment: neutral
Topics: 20-F, acquisition, intangible-assets, financial-reporting
TL;DR
Fiverr's 20-F shows how they value acquired intangibles and spent ~$119 on acquisition costs in 2024.
AI Summary
Fiverr International Ltd. filed its 20-F report for the fiscal year ending December 31, 2024. The filing details the valuation of intangible assets acquired through business combinations, including users' relationships, technology, talent relationships, and customer relationships, using various valuation methods. The company also reported approximately $119 in acquisition expenses for 2024, recorded under general and administrative costs.
Why It Matters
This filing provides insight into how Fiverr values acquired intangible assets, which can impact future financial statements and investor understanding of the company's growth strategy through acquisitions.
Risk Assessment
Risk Level: medium — The filing discusses business combinations and intangible asset valuations, which can involve complex accounting and potential future impairments, indicating a medium level of financial reporting risk.
Key Numbers
- $119 — Acquisition Expenses (Incurred in the year ended December 31, 2024, recorded under general and administrative costs.)
Key Players & Entities
- Fiverr International Ltd. (company) — Filer of the 20-F report
- December 31, 2024 (date) — Fiscal year end for the report
- $119 (dollar_amount) — Acquisition expenses incurred in 2024
FAQ
What valuation methods were used for the identifiable intangible assets acquired by Fiverr?
Fiverr used the With-and-Without Method for users' relationships and talent relationships, the income approach method for technology, and the Multi-period Excess Earning Method for customer relationships.
How were the acquisition expenses for the year ended December 31, 2024, categorized?
The approximately $119 in acquisition expenses were recorded under general and administrative costs.
What is the nature of the goodwill generated from business combinations?
Goodwill is attributed to synergies between Fiverr's services and the acquired businesses' services and is not deductible for income tax purposes.
What components are included in the total assumed liabilities from business combinations?
Total assumed liabilities include accounts payable, deferred income tax liabilities, net, and other liabilities assumed.
What is the Central Index Key (CIK) for Fiverr International Ltd. in this filing?
The Central Index Key for Fiverr International Ltd. is 0001762301.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on February 19, 2025 regarding Fiverr International Ltd. (FVRR).