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Freelancer (FLN) AI Stock Analysis

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AU:FLN

Freelancer

(ASX:FLN)

Select Model
Rating:61Neutral
Price Target:AUD 0.13â–²(5.83% Upside)
Action:reiterated
Date:08/17/26

The score is driven mainly by improving financial performance (turnaround with strong recent cash generation and better leverage) and supportive technical momentum (price above key moving averages with positive MACD). These positives are tempered by weak valuation signals (negative P/E and no dividend yield data) and a mixed earnings call where strong Escrow/Loadshift results are offset by significant headwinds and execution risk in the core Freelancer marketplace.

Positive Factors
Escrow growth and profitabilityEscrow combines strong transaction growth with sustained profitability, providing a durable earnings engine within the group. Its expanding vertical reach and established operating history can support recurring cash generation and diversify results beyond the core marketplace.
Negative Factors
Core marketplace contractionThe core Freelancer marketplace is experiencing a substantial contraction in both activity and revenue, weakening the business's main platform engine. Persistent declines could reduce operating leverage, limit reinvestment capacity, and make group growth increasingly dependent on smaller segments.

Freelancer (FLN) vs. iShares MSCI Australia ETF (EWA)

-80%-60%-40%-20%0%20%40%AU:FLN-52.94%EWA+16.89%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 67.64M
Dividend Yield
―
Average Volume (3M)
14.96K
Price to Earnings (P/E)
-27.9
Beta (1Y)
0.47
Revenue Growth
-6.17%
EPS Growth
-191.49%
Country
Australia
Employees
783
Sector
Communication Services
Sector Strength
60
Industry
Internet Content & Information

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 software...

How the Company Makes Money

Freelancer makes money primarily through monetizing transactions and activity on its online marketplace. Key revenue streams include: (1) Platform fees tied to projects and payments: the company charges fees associated with work performed and paid fo...

Freelancer Earnings Call Summary

Earnings Call Date:Jul 27, 2026(Q2-2026)|% Change Since:20.00%|Next Earnings Date:Apr 19, 2021
Earnings Call SentimentNeutral

Mixed/Neutral: the call highlights clear strengths—particularly Escrow's robust volume, profitability and new vertical traction, plus Loadshift record performance, AI productivity gains and disciplined cost control—but also material and concrete problems in the core Freelancer marketplace (large GMV and revenue declines, scraping/SEO disruption, and multi‑gateway payment acceptance issues). Management presented concrete remediation plans (payments routing, product and vertical rollouts, new product leadership) and near‑term operational fixes, but the severity of Freelancer headwinds balances the strong wins elsewhere.

Positive Updates

Group GMV Growth
Group gross merchandise volume (GMV) increased ~30.9% in AUD to AUD 574.6M (USD $403.8M, ~45.5% in USD), driven by strong Escrow and Loadshift performance.

Negative Updates

Freelancer Marketplace Underperformance
Freelancer GMV declined 20.3% to AUD $42.4M and revenue declined 23.2% to AUD $14.9M (reported revenue for Freelancer segment and overall group revenue down 12.1% in AUD to AUD $23.9M; USD revenue roughly flat/slightly down ~2–2.6% to USD $16.8M). On a constant currency basis Freelancer declines were more moderate (GMV -11.7%, revenue -15%).

Company Guidance

The H2 guidance is to "wrangle" Freelancer (fix product, SEO and payments), scale Escrow and Loadshift, and accelerate AI while maintaining cost discipline: key metrics cited include a 1,300% surge in scraper traffic, an estimated payment‑gateway drag of ~USD 400k/month, a target acceptance rate >85% (Google Pay live in ~2 weeks; Indian local acquiring commissioned next quarter), AI handling 100% of Tier‑1 support with 11% containment and engineering up to 40% faster releases; business metrics: group GMV +30.9% to AUD 574.6m (USD 403.8m), group revenue down 12.1% to AUD 23.9m, EBITDA AUD 1.1m, operating loss ~AUD 0.3m, net loss AUD 2.1m, cash AUD 17.9m; segment moves: Freelancer GMV -20.3% to 42.4m and revenue -23.2% to 14.9m, Loadshift GMV +9.6% to 14.6m and revenue +12.2% to 1.8m (>1bn km freight), and Escrow GMV +39% to AUD 517.6m (USD ~363.7m) with revenue +15.1% to AUD 7m and a blended take rate down to ~1.35% (expected steady state ~1.45–1.55%), with priorities to restore positive free cash flow, preserve liquidity, and selectively allocate capital.

Freelancer Financial Statement Overview

Summary

Overall fundamentals show a turnaround with strong 2025 revenue growth and solid recent operating/free cash flow, plus improving leverage. However, profitability and cash-flow stability have been uneven across the cycle (including losses/negative cash flow in 2022), and operating profit has been modest versus revenue, reducing resilience if growth slows.

Income Statement

62Positive

Balance Sheet

58Neutral

Cash Flow

71Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue49.85M53.21M51.00M53.33M55.66M57.42M
Gross Profit18.16M19.91M41.79M44.24M14.98M17.04M
EBITDA2.51M5.21M4.54M4.79M-905.00K1.78M
Net Income-1.92M2.17M-814.00K189.00K-5.41M-2.26M
Balance Sheet
Total Assets71.52M77.68M83.96M88.68M97.05M105.33M
Cash, Cash Equivalents and Short-Term Investments17.92M22.93M23.16M21.15M23.36M30.32M
Total Debt7.58M6.96M12.40M17.15M21.20M21.91M
Total Liabilities48.12M51.66M57.25M61.86M70.58M74.00M
Stockholders Equity20.17M22.83M22.92M23.15M22.79M27.66M
Cash Flow
Free Cash Flow142.00K7.45M5.75M1.82M-4.33M-5.45M
Operating Cash Flow375.00K7.73M5.85M1.87M-4.18M2.64M
Investing Cash Flow-243.00K-295.00K-92.00K-53.00K-149.00K-8.09M
Financing Cash Flow-7.15M-6.91M-4.96M-4.20M-3.85M508.00K

Freelancer Technical Analysis

Technical Analysis SentimentPositive
Last Price0.12

Price Trends

50DMA0.12Positive
100DMA0.12Negative
200DMA0.14Negative

Market Momentum

MACD-0.00Negative
RSI59.78Neutral
STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FLN, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 59.78 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FLN.

Freelancer Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

AU:FLN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:FLNAU:FLN61NeutralAUD 51.86M-27.91-8.93%―-6.17%-191.49%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
AU:CHLAU:CHL60NeutralAUD 28.37M-34.85-2.00%―-6.77%95.53%
AU:ARTAU:ART46NeutralAUD 90.58M360.0014.39%―9.89%―
AU:FMRAU:FMR46NeutralAUD 38.61M-2.81-89.78%――-150.42%
AU:RMYAU:RMY40NeutralAUD 11.48M-3.21124.26%―7.40%-178.95%
AU:RNTAU:RNT26UnderperformAUD 53.08M-6.14-110.48%―7.17%-27.08%

* Communication Services Sector Average

Performance Comparison

-50%0%50%AU:FLNAU:RNTAU:FMRAU:RMYAU:CHLAU:ARTDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:FLN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:FLNFreelancer Ltd.0.12-0.12-50.00%
AU:RNTRent.com.au Ltd0.040.002.27%
AU:FMRApplyflow Limited0.520.1333.33%
AU:RMYRMA Global Ltd.0.02-0.02-48.48%
AU:CHLCamplify Holdings Ltd.0.340.001.47%
AU:ARTAirtasker Ltd0.18-0.15-44.78%

Freelancer Corporate Events

Freelancer Returns to Operating Profit as Loadshift and Escrow.com Drive GMV Growth

Oct 19, 2026

Freelancer Limited reported a return to operating profit in the third quarter of 2026, driven by an 11.0% reduction in operating expenses to A$8.9 million, including sharp cuts in employee and hosting costs. Despite a weaker U.S. dollar and lower rep...

Freelancer to Release Q3 FY26 Update and Host Investor Call

Oct 14, 2026

Freelancer Limited has scheduled the release of its Q3 FY26 Business Update for 20 October 2026, signaling an upcoming disclosure of trading and operational performance for the quarter.The company will host an investor conference call at 9:00 a.m. AE...

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.

Date of analysis: Aug 17, 2026