Want to see AU:FLN full AI Analyst Report?
Top Page
Freelancer
(Sydney:FLN)
Select Model
Select Model
Rating:53Neutral
Price Target:
AU$0.11
▼(-55.42% Downside)
Action:Reiterated
Date:05/26/26
The score is anchored by improving financial performance (positive earnings, stronger growth, deleveraging, and solid recent cash generation), but is pulled down materially by a clear technical downtrend and a very high P/E that implies elevated expectations.
Positive Factors
Cash generation
Recent positive operating and free cash flow in 2025 demonstrates the business can internally fund operations and selective reinvestment. Durable cash generation reduces reliance on external financing, improving resilience and optionality for product investment or balance-sheet strengthening over months.
Negative Factors
Cash flow volatility
Sharp swings in free cash flow growth and prior years of negative cash flow indicate inconsistency in cash conversion. This volatility undermines planning for capex, acquisitions or shareholder returns and may force reliance on external funding during weaker periods, raising structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Recent positive operating and free cash flow in 2025 demonstrates the business can internally fund operations and selective reinvestment. Durable cash generation reduces reliance on external financing, improving resilience and optionality for product investment or balance-sheet strengthening over months.
Read all positive factors
Freelancer (FLN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.35M
Dividend YieldN/A
Average Volume (3M)65.38K
Price to Earnings (P/E)22.9
Beta (1Y)0.28
Revenue Growth4.34%
EPS GrowthN/A
CountryAU
Employees783
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)<0.01
Shares Outstanding450,914,900
10 Day Avg. Volume28,495
30 Day Avg. Volume65,378
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)4.54
Price to Sales (P/S)1.95
P/FCF Ratio13.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$56.40M
Freelancer Business Overview & Revenue Model
Company Description
Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. The company operates in two segments, Online Marketplace and Online Payment Services. Its marketplace allows employers to hire freelancers in the field of softwa...
How the Company Makes Money
Freelancer makes money primarily by charging fees related to transactions and participation on its marketplace. Key revenue streams include: (1) Platform fees on projects: the company charges service fees associated with work arranged through the ...
Freelancer Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call presented a clear operational and financial turnaround: record NPAT, double-digit improvements in several profit and cash-flow metrics, strong product and AI-driven innovation, and notable momentum in Escrow and Loadshift. Offsetting these positives are declines in group GMV and Escrow GPV year-over-year, early signs of softness in Freelancer acquisition and conversion frictions driven by auto-bidders/AI, some cash/lease outflow pressure, and timing delays on certain large enterprise task orders. On balance, the positive profitability, cash-flow improvements, product launches, and strategic progress outweigh the headwinds, though execution risks and enterprise timing remain to be managed.Positive Updates
Record Net Profit After Tax
All-time record NPAT of $2.2 million (turnaround from a small loss in the prior year), demonstrating a significant profitability recovery for FY2025.
Negative Updates
Group GMV Decline
Group gross marketplace volume (cash to the business) was $881.5 million, down 7.1% year-over-year, indicating lower overall transaction volume despite revenue growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Net Profit After Tax
All-time record NPAT of $2.2 million (turnaround from a small loss in the prior year), demonstrating a significant profitability recovery for FY2025.
Read all positive updates
Company Guidance
Guidance from the call emphasized targets and product-driven growth: management is pushing to achieve a sustainable operating profit of $0.5m per month (they’re “about 2/3 of the way there”), with FY‑26 a year to “double down” on profitability after FY‑25’s record NPAT of $2.2m and operating profit (ex‑unrealized FX) of $2.0m (up 162%); operating cash flow was $7.7m (+32%) and cash/equivalents $22.9m. Key growth levers are AI and product rollouts (client‑initiated audio/video now live, Prototyper and AI bidding/matching changes rolling out in the next two weeks), expanding Escrow merchant and checkout integrations, migrating Escrow to the Freelancer stack to unify payments/KYC, and accelerating Loadshift (ownership increased to 73.4% after a $1.5m buyback) which management expects to have a breakout year in 2026 and plans to enter Canada next. They reiterated metrics showing scale to exploit (group GMV $881.5m, Freelancer GMV $133.4m, group revenue $55.3m, Freelancer revenue $40.9m, Escrow revenue $12.3m up 18.8%), marketplace momentum (7.32m new users, 666k new projects, average project size USD $413 up 19.4%, 54 bids/project up 8%, contests 761 entries up 50%), noted AI jobs are ~5% of GMV, and flagged near‑term strength in Escrow and Loadshift with SEM at record levels while Freelancer lags but should benefit from the upcoming matching/bid‑quality improvements.Freelancer Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 53.21M | 51.00M | 53.33M | 55.66M | 57.42M |
| Gross Profit | 19.91M | 41.79M | 44.24M | 14.98M | 17.04M |
| EBITDA | 5.21M | 54.00K | 4.79M | -905.00K | 1.78M |
| Net Income | 2.17M | -814.00K | 189.00K | -5.41M | -2.26M |
Balance Sheet | |||||
| Total Assets | 77.68M | 83.96M | 88.68M | 97.05M | 105.33M |
| Cash, Cash Equivalents and Short-Term Investments | 22.93M | 23.16M | 21.15M | 23.36M | 30.32M |
| Total Debt | 6.96M | 12.40M | 17.15M | 21.20M | 21.91M |
| Total Liabilities | 51.66M | 57.25M | 61.86M | 70.58M | 74.00M |
| Stockholders Equity | 22.83M | 22.92M | 23.15M | 22.79M | 27.66M |
Cash Flow | |||||
| Free Cash Flow | 7.45M | 5.75M | 1.82M | -4.33M | -5.45M |
| Operating Cash Flow | 7.73M | 5.85M | 1.87M | -4.18M | 2.64M |
| Investing Cash Flow | -295.00K | -92.00K | -53.00K | -149.00K | -8.09M |
| Financing Cash Flow | -6.91M | -4.96M | -4.20M | -3.85M | 508.00K |
Freelancer Technical Analysis
Negative
0.24
Price Trends
0.13
Negative
0.16
Negative
0.20
Negative
Market Momentum
>-0.01
Positive
36.38
Neutral
19.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FLN, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.38 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FLN.
Freelancer Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$219.98M | 12.35 | 12.32% | 4.11% | 9.90% | 216.48% | |
62 Neutral | AU$163.90M | 56.89 | 10.41% | 0.11% | 21.18% | -17.84% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | AU$47.35M | 22.92 | 9.18% | ― | 4.34% | ― | |
40 Underperform | AU$14.80M | -2.67 | -26.25% | ― | -13.52% | 7.82% |
* Communication Services Sector Average
AU:FLN
Freelancer
0.11
-0.11
-48.84%
AU:CUP
Countplus Limited
1.05
0.13
14.33%
AU:KPG
Kelly Partners Group Holdings Ltd.
3.80
-6.97
-64.72%
AU:STG
Straker Translations Ltd.
0.23
-0.17
-42.50%
Freelancer Corporate Events
Freelancer Director Robert Barrie Increases Indirect Shareholding via On-Market Purchase
Jun 25, 2026
Freelancer Limited has disclosed a change in director Robert Matthew Barrie’s indirect shareholding, following an on-market trade completed on 24 June 2026. Through entities Infilsec Pty Ltd and Taipan Investment Management Pty Ltd, where he...
Freelancer Director Robert Barrie Increases Indirect Shareholding via On-Market Purchase
May 12, 2026
Freelancer Limited has disclosed a change in director Robert Matthew Barrie’s indirect interest, with entities he controls acquiring 200,000 fully paid ordinary shares via an on‑market trade at $0.14 per share. Following the transactio...
Freelancer Limited Posts Escrow-Led GMV Growth Amid FX Headwinds and One-Off Costs
Apr 21, 2026
Freelancer Limited reported first-quarter 2026 group gross marketplace value of $263.3 million, up 14% year on year, driven by strong 18.9% growth at Escrow.com despite a 14.8% decline in GMV at the core Freelancer marketplace. Group revenue fell ...
Freelancer Sets Date for 1Q26 Business Update and Investor Call
Apr 19, 2026
Freelancer Limited has scheduled the release of its first-quarter 2026 business update for Wednesday, 22 April 2026, signaling an upcoming disclosure of trading conditions and operational performance early in the financial year. The company will h...
Freelancer Director Robert Barrie Increases Indirect Shareholding
Apr 14, 2026
Freelancer Limited has disclosed a change in the indirect shareholding of director Robert Matthew Barrie, who holds his interest through entities Infilsec Pty Ltd and Taipan Investment Management Pty Ltd. Barrie acquired 127,038 fully paid ordinar...
Freelancer Taps NASA’s $475 Million Crowdsourcing Drive
Apr 12, 2026
Freelancer Limited has highlighted its role in a new $475 million NASA contract, emphasizing that the U.S. space agency is increasingly using crowdsourcing to tackle complex challenges rather than relying solely on traditional in-house development...
Freelancer Files Updated Corporate Governance Statement and Appendix 4G
Apr 12, 2026
Freelancer Limited has released its updated corporate governance statement for the financial year ended 31 December 2025, confirming that the document is current as of that date and has been approved by the board. The statement, published on the c...
Freelancer Sets Hybrid 2026 AGM With Focus on Pay and Board Continuity
Apr 12, 2026
Freelancer Limited has called its 2026 Annual General Meeting for 14 May in Sydney, to be held as a hybrid physical and virtual event, where shareholders will review the 2025 financial statements and associated statutory reports and can raise ques...
Freelancer Director Barrie Increases Indirect Shareholding via On-Market Trade
Apr 1, 2026
Freelancer Limited disclosed a change in director Robert Matthew Barrie’s indirect shareholding following an on-market trade executed on 30 March 2026. Through entities Infilsec Pty Ltd and Taipan Investment Management Pty Ltd, where he is s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.