Riskified Ltd.
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Range $5.5 – $7.5
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About the company
Headquartered in Tel Aviv, Israel, and incorporated in 2012, Riskified Ltd. provides a comprehensive e-commerce risk management platform. This platform empowers online merchants to foster secure relationships with their consumers across global markets, including the United States, Europe, the Middle East, and Africa.
- CEO
- Eido Gal
- IPO
- 2021
- Employees
- 663
- HQ
- Tel Aviv, TA, IL
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Similar companies
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- Market Cap
- $915.94M
- P/E
- -55.40
- Fwd P/E
- 23.11
- PEG
- -0.66
- P/S
- 2.49
- P/B
- 3.96
- EV/EBITDA
- 446.59
- Div Yield
- 0.00%
- Gross Margin
- 50.80%
- Op Margin
- -4.61%
- Net Margin
- -4.23%
- ROE
- -5.70%
- ROIC
- -6.52%
Latest fiscal year · YoY change
- Revenue
- $344.64M+5.2%
- Gross Profit
- $175.98M+2.9%
- Op Income
- $-29,050,000
- Net Income
- $-27,565,000+21.1%
- EPS
- $-0.18+10.0%
- OCF Growth
- -14.7%
- FCF Growth
- -15.3%
- 52W High
- $6.61
- 52W Low
- $3.70
- 50D MA
- $5.25
- 200D MA
- $4.76
- Beta
- 1.35
- RSI (14)
- 60
- Avg Volume
- 1.18M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Riskified posted its strongest revenue growth in more than four years, with broad-based demand, improving profitability, and a second full-year outlook raise.· August 12, 2026
- Revenue grew 22% year over year to $98.7 million; adjusted EBITDA rose 84% to $3.9 million.
- Non-GAAP gross profit increased 13% to $45.4 million, while gross margin was 46% and reflected more new-business mix.
- Management said new logo wins, upsells, and a more complex fraud environment drove a sharp acceleration in demand.
- Full-year guidance was raised again: revenue to $400 million-$410 million and adjusted EBITDA to $33 million-$39 million.
- Cash, deposits, and investments ended at about $223.6 million, with 0 debt and $12.9 million of free cash flow in Q2.
Q2 GMV was $41.3 million, up 13% year over year. Revenue was $98.7 million, up 22% year over year, the strongest growth in more than four years. Non-GAAP gross profit was $45.4 million, up 13% year over year, and gross margin was 46%. Adjusted EBITDA was $3.9 million, up 84% from $2.1 million in Q2 2025. GAAP net loss improved to $9.1 million from $11.6 million a year ago. For the full year, Riskified raised revenue guidance to $400 million-$410 million and adjusted EBITDA guidance to $33 million-$39 million; Q3 revenue growth is expected to be approximately 27%, and Q3 gross profit growth is expected to be similar to Q2. The company also said it expects more than $40 million of positive free cash flow in 2026.
Eido Gal said the quarter reflected the combination of a more complex fraud environment and a stronger product platform, including identity, checkout, policy, dispute, and AI tools. He emphasized that momentum came from both new logos and upsells, with the quarter showing a faster pace of conversion and broader geographic traction. His tone was upbeat and confident, repeatedly describing the business as having the platform, pipeline, and momentum to keep growing.
Aglika Dotcheva highlighted that gross profit growth and revenue growth were driven by new merchants and upsell activity, with digital finance, tickets and travel, and fashion and luxury contributing across the business. She said gross margin at 46% was affected by mix, especially more ticketing activity and new merchants that start at lower margins, but that cohorts should improve over time. She also pointed to disciplined spending, with non-GAAP operating expenses of $41.5 million, 42% of revenue, cash and investments of about $223.6 million, 0 debt, $12.9 million of free cash flow in Q2, and more than $40 million expected for 2026. The company repurchased 13.7 million shares for $63.9 million in Q2.
Analysts focused on whether the new-logo acceleration was an inflection tied to AI-driven fraud changes, and management said it was a convergence of platform expansion, stronger product-market fit, and a tougher fraud backdrop, with the quarter being the point where "everything clicked." Questions also centered on take rate and gross margin; management said take rate mostly reflected higher-risk new business and could fluctuate slightly lower, while margin pressure was mainly mix-related and not structural. Other questions covered NDR, which remains around 105%, newer product contribution, and the Marqeta partnership, which management said helps improve post-authorization approval and serves as a differentiated merchant-selling point rather than a separate monetization model.
The bull case from this call is that Riskified appears to be winning more business because merchants want a broader fraud and identity platform, not isolated point solutions. Management said new business, upsells, and product adoption are all improving at the same time, and that the company is seeing strong conversion across regions and categories.
The main risks discussed were gross margin pressure from newer merchants and a mix shift toward ticketing, which carries lower margins. Management also said take rates could fluctuate and may trend slightly lower as the business adds more merchants, while revenue timing still depends on new go-lives, upsells, retention, and the broader macro environment.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 78.0%
- Shares Outstanding
- 153.94M
- Float Shares
- 120.07M
of shares held by institutions
109 13F filers
Buy/sell ratio 0.03. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Two Sigma Advisers, LP | 192.00K | ▲ 87.50K |
| California State Teachers Retirement System | 79.10K | ▼ 13.98K |
| Vanguard Group Inc | 68.94K | 0 |
| Nebula Research & Development LLC | 38.43K | ▼ 9.76K |
| Cwm, LLC | 30 | ▲ 30 |
Held by 41 ETFs
Biggest fund positions in RSKD by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 17, 26 | Shachar Erez | sell | 100 |
| Aug 18, 26 | Shachar Erez | sell | 161,927 |
| Aug 17, 26 | Kumaraswami Ravi | sell | 65,000 |
| Aug 15, 26 | Assia Ronen | other | 53,517 |
| Aug 10, 26 | Shauli Avi | other | 0 |
| Aug 12, 26 | Dotcheva Aglika | sell | 180,000 |
| Aug 14, 26 | Dotcheva Aglika | sell | 80,000 |
| Aug 12, 26 | Feldman Assaf | sell | 450,000 |
| Aug 14, 26 | Feldman Assaf | sell | 206,096 |
| Jul 27, 26 | Shachar Erez | sell | 5,586 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our RSKD coverage
Recent articles, reports, and earnings notes.
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Generate RSKD report →Riskified Analysis Finds Travel Fraudsters Are Adapting Faster Than Traditional Signals Can Keep Up, With May Flight Risk Up 32%
businesswire.com · Aug 17
Riskified Q2 Earnings Call Highlights
marketbeat.com · Aug 12
Riskified Ltd. (RSKD) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 12
Riskified (RSKD) Q2 Earnings Miss Estimates
zacks.com · Aug 12
Riskified Reports Strong Second Quarter of 2026 with Accelerating Revenue Growth
businesswire.com · Aug 12
Riskified and Marqeta Partner to Sharpen Card Issuer Authorization Decisions and Help Reduce False Declines
gurufocus.com · Aug 5
Riskified and Marqeta Partner to Sharpen Card Issuer Authorization Decisions and Help Reduce False Declines
businesswire.com · Aug 5
Riskified to Report Second Quarter 2026 Financial Results on Wednesday, August 12
businesswire.com · Jul 29
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