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Freelancer
(Sydney:FLN)
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Rating:61Neutral
Price Target:
AU$0.12
▼(-19.33% Downside)
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 profitability
Escrow provides a demonstrated source of durable scale and profitability, with strong volume growth, expanding gross profit and a long record of positive earnings. Its new wholesale electronics vertical also broadens the opportunity set and can reduce reliance on the core marketplace.
Negative Factors
Core marketplace contraction
The core Freelancer marketplace is shrinking materially, weakening the business's principal platform and monetization engine. Lower GMV and revenue can reduce network activity, limit operating leverage and make it harder for growth in Escrow and Loadshift to offset deterioration in the original marketplace.
Read all positive and negative factors
Positive Factors
Negative Factors
Escrow growth and profitability
Escrow provides a demonstrated source of durable scale and profitability, with strong volume growth, expanding gross profit and a long record of positive earnings. Its new wholesale electronics vertical also broadens the opportunity set and can reduce reliance on the core marketplace.
Read all positive factors
Freelancer (FLN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$51.86M
Dividend YieldN/A
Average Volume (3M)10.69K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-6.17%
EPS Growth-191.49%
CountryAU
Employees783
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding450,914,900
10 Day Avg. Volume10,279
30 Day Avg. Volume10,694
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$51.82M
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 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...
Freelancer Earnings Call Summary
Earnings Call Date:Jul 27, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Neutral
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%).
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
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
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.85M | 53.21M | 51.00M | 53.33M | 55.66M | 57.42M |
| Gross Profit | 18.16M | 19.91M | 41.79M | 44.24M | 14.98M | 17.04M |
| EBITDA | 2.51M | 5.21M | 54.00K | 4.79M | -905.00K | 1.78M |
| Net Income | -1.92M | 2.17M | -814.00K | 189.00K | -5.41M | -2.26M |
Balance Sheet | ||||||
| Total Assets | 71.52M | 77.68M | 83.96M | 88.68M | 97.05M | 105.33M |
| Cash, Cash Equivalents and Short-Term Investments | 17.92M | 22.93M | 23.16M | 21.15M | 23.36M | 30.32M |
| Total Debt | 7.58M | 6.96M | 12.40M | 17.15M | 21.20M | 21.91M |
| Total Liabilities | 48.12M | 51.66M | 57.25M | 61.86M | 70.58M | 74.00M |
| Stockholders Equity | 20.17M | 22.83M | 22.92M | 23.15M | 22.79M | 27.66M |
Cash Flow | ||||||
| Free Cash Flow | 142.00K | 7.45M | 5.75M | 1.82M | -4.33M | -5.45M |
| Operating Cash Flow | 375.00K | 7.73M | 5.85M | 1.87M | -4.18M | 2.64M |
| 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 | -3.85M | 508.00K |
Freelancer Technical Analysis
Negative
0.15
Price Trends
0.13
Negative
0.13
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
38.85
Neutral
12.22
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 0.15 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.85 is Neutral, neither overbought nor oversold. The STOCH value of 12.22 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | AU$51.86M | -26.74 | -8.93% | ― | -6.17% | -191.49% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | AU$30.01M | -37.88 | -2.00% | 51.62% | -6.77% | 95.53% | |
54 Neutral | AU$95.45M | 400.00 | 14.39% | ― | 9.89% | ― | |
50 Neutral | AU$39.34M | -3.22 | -89.78% | ― | ― | -150.42% | |
43 Neutral | AU$72.33M | -10.16 | -79.90% | ― | 7.17% | -27.08% | |
43 Neutral | AU$11.29M | -3.02 | 124.26% | ― | 7.40% | -178.95% |
* Communication Services Sector Average
AU:FLN
Freelancer
0.12
-0.12
-52.08%
AU:RNT
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0.06
0.02
44.19%
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Applyflow Limited
0.59
0.24
67.14%
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0.02
-0.02
-57.89%
AU:CHL
Camplify Holdings Ltd.
0.38
>-0.01
-1.32%
AU:ART
Airtasker Ltd
0.20
-0.21
-51.22%
Freelancer Corporate Events
Freelancer GMV Surges on Escrow.com and Loadshift as Marketplace Revenue Softens
Jul 27, 2026
Freelancer Limited reported mixed first-half 2026 results, with Group Gross Marketplace Value rising 30.9% to A$574.6 million, driven primarily by strong performances at Escrow.com and Loadshift. However, group revenue fell 12.1% to A$23.9 million...
Freelancer Swings to Loss as Half-Year Revenue Falls 12%
Jul 27, 2026
Freelancer Limited, a gig-economy platform operator, runs an online marketplace where clients engage freelance professionals for a wide range of digital and project-based services. The business model relies on transaction and service fees, and its...
Freelancer Sets Date for H1 FY26 Results and Investor Call
Jul 21, 2026
Freelancer Limited, the ASX-listed operator of the world’s largest freelancing and crowdsourcing marketplace, continues to expand its digital services ecosystem through its ownership of Escrow.com and heavy haulage marketplace Loadshift. Wit...
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...
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.