RSKD

MKT CAP:$701M

Riskified Ltd.

Market Cap

$701M

Technology·Software - Application·🇮🇱 Israel·NYSE

Technology·Software App·🇮🇱·NYSE

Stock Price

$4.58-$0.23 (-4.89%)

Apr 20, 2026

Company Details

Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargebac...

CEO

Eido Gal

IPO Date

Jul 29, 2021

Website

www.riskified.com

Key Metrics TTM

Revenue

$345M

+5.2% YoY

Net Income

-$28M

EPS (Diluted)

-$0.17

Free Cash Flow

$34M

Revenue / Share

$2.19

Gross Margin

51.5%

Operating Margin

-9.8%

Net Margin

-8.0%

FCF Margin

9.9%

P/S

2.0x

P/E

—

Earnings Reports

Q1 2026

May 13, 2026

PENDING

FY 2025

Mar 6, 2026

$345M+5.2%EPS -$0.18

Q4 2025

Mar 6, 2026

$99M+6.2%EPS $0.04

Q3 2025

Nov 12, 2025

$82M+3.8%EPS -$0.05

Q2 2025

Aug 18, 2025

$81M+3.0%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$70M	$37M	-$27M
Q1 22	$59M	$30M	-$33M
Q2 22	$60M	$31M	-$33M
Q3 22	$63M	$33M	-$26M
Q1 23	$69M	$36M	-$23M
Q2 23	$73M	$37M	-$22M
Q3 23	$72M	$31M	-$25M
Q4 23	$84M	$49M	-$7M
Q1 24	$76M	$42M	-$16M
Q2 24	$79M	$41M	-$14M
Q3 24	$79M	$39M	-$14M
Q4 24	$94M	$49M	-$3M
Q1 25	$82M	$40M	-$17M
Q2 25	$81M	$40M	-$13M
Q3 25	$82M	$41M	-$9M
Q4 25	$99M	$56M	$5M

Valuation

Quarter	P/S	P/E
Q4 21	3.1x	—
Q1 22	3.0x	—
Q2 22	2.9x	—
Q3 22	2.8x	—
Q1 23	2.8x	—
Q2 23	2.6x	—
Q3 23	2.5x	—
Q4 23	2.4x	—
Q1 24	2.3x	—
Q2 24	2.3x	—
Q3 24	2.2x	—
Q4 24	2.1x	—
Q1 25	2.1x	—
Q2 25	2.1x	—
Q3 25	2.1x	—
Q4 25	2.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$14M	-$22M
Q1 22	-$7M	-$10M
Q2 22	-$12M	-$13M
Q3 22	-$3M	-$4M
Q1 23	$229.0K	$42.0K
Q2 23	-$5M	-$5M
Q3 23	$4M	$4M
Q4 23	$7M	$7M
Q1 24	$11M	$10M
Q2 24	$4M	$4M
Q3 24	$14M	$14M
Q4 24	$11M	$11M
Q1 25	$4M	$4M
Q2 25	$6M	$5M
Q3 25	$14M	$13M
Q4 25	$12M	$12M

Capital Expenditures

Quarter	CapEx
Q4 21	$8M
Q1 22	$3M
Q2 22	$979.0K
Q3 22	$997.0K
Q1 23	$187.0K
Q2 23	$61.0K
Q3 23	$826.0K
Q4 23	$281.0K
Q1 24	$178.0K
Q2 24	$224.0K
Q3 24	$105.0K
Q4 24	$130.0K
Q1 25	$208.0K
Q2 25	$252.0K
Q3 25	$120.0K
Q4 25	$252.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+22.4%	+96.1%
Q1 22	+15.2%	+68.4%
Q2 22	+7.6%	+62.0%
Q3 22	+20.3%	+11.5%
Q1 23	-1.3%	-5.6%
Q2 23	+23.7%	+3.5%
Q3 23	+19.9%	+4.5%
Q4 23	+33.1%	+1.4%
Q1 24	+10.9%	+0.5%
Q2 24	+8.2%	-2.0%
Q3 24	+9.7%	-4.0%
Q4 24	+11.3%	+7.0%
Q1 25	+7.8%	+7.7%
Q2 25	+3.0%	+1.2%
Q3 25	+3.8%	-2.5%
Q4 25	+6.2%	-3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$20M	28.2%
Q1 22	$18M	31.2%
Q2 22	$18M	30.3%
Q3 22	$16M	24.9%
Q1 23	$16M	23.7%
Q2 23	$16M	21.7%
Q3 23	$15M	21.3%
Q4 23	$15M	17.8%
Q1 24	$16M	20.3%
Q2 24	$15M	19.1%
Q3 24	$14M	17.6%
Q4 24	$13M	14.3%
Q1 25	$14M	17.4%
Q2 25	$13M	15.9%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 21	$17M	$22M	$25M	—
Q1 22	$18M	$22M	$23M	—
Q2 22	$18M	$23M	$23M	—
Q3 22	$17M	$21M	$21M	—
Q1 23	$19M	$18M	$22M	—
Q2 23	$18M	$18M	$23M	—
Q3 23	$17M	$17M	$22M	—
Q4 23	$17M	$17M	$22M	—
Q1 24	$18M	$17M	$23M	—
Q2 24	$17M	$16M	$22M	—
Q3 24	$17M	$16M	$21M	—
Q4 24	$17M	$17M	$21M	—
Q1 25	$18M	$17M	$23M	—
Q2 25	$17M	$14M	$21M	—
Q3 25	$17M	$14M	$19M	—
Q4 25	$17M	—	—	$34M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 21	22.4%	-38.4%	-16.0
Q1 22	15.2%	-54.1%	-38.9
Q2 22	7.6%	-53.4%	-45.8
Q3 22	20.3%	-39.8%	-19.6
Q1 23	-1.3%	-32.0%	-33.3
Q2 23	23.7%	-28.6%	-5.0
Q3 23	19.9%	-33.8%	-13.8
Q4 23	33.1%	-7.2%	25.9
Q1 24	10.9%	-17.5%	-6.6
Q2 24	8.2%	-16.8%	-8.6
Q3 24	9.7%	-16.7%	-7.0
Q4 24	11.3%	-4.5%	6.7
Q1 25	7.8%	-19.5%	-11.7
Q2 25	3.0%	-15.0%	-12.0
Q3 25	3.8%	-6.6%	-2.8
Q4 25	6.2%	9.3%	15.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$341M	$152M	$493M
Q2 22	$291M	$193M	$483M
Q3 22	$295M	$187M	$482M
Q4 22	$189M	$287M	$476M
Q1 23	$269M	$208M	$477M
Q2 23	$384M	$90M	$474M
Q3 23	$435M	$15M	$450M
Q4 23	$441M	$34M	$475M
Q1 24	$422M	$34M	$455M
Q2 24	$389M	$34M	$422M
Q3 24	$356M	$33M	$390M
Q4 24	$371M	$5M	$376M
Q1 25	$287M	$70M	$357M
Q2 25	$265M	$74M	$339M
Q3 25	$229M	$96M	$325M
Q4 25	$162M	$135M	$298M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	164M	+47.2%	+3.8%
Q1 22	165M	+0.6%	+4.4%
Q2 22	166M	+1.1%	+5.6%
Q3 22	169M	+1.5%	+51.8%
Q1 23	173M	+2.4%	+5.6%
Q2 23	176M	+1.6%	+6.7%
Q3 23	178M	+1.6%	+7.2%
Q4 23	180M	+1.0%	+6.7%
Q1 24	177M	-1.7%	+2.4%
Q2 24	174M	-1.9%	-1.1%
Q3 24	169M	-2.9%	-5.4%
Q4 24	164M	-2.7%	-8.9%
Q1 25	162M	-1.5%	-8.7%
Q2 25	159M	-1.5%	-8.4%
Q3 25	157M	-1.5%	-7.0%
Q4 25	157M	+0.2%	-4.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$90.9K	768
Q1 22	$76.6K	768
Q2 22	$78.0K	768
Q3 22	$82.3K	768
Q1 23	$88.2K	781
Q2 23	$93.2K	781
Q3 23	$92.0K	781
Q4 23	$113.3K	742
Q1 24	$103.0K	742
Q2 24	$106.1K	742
Q3 24	$106.3K	742
Q4 24	$135.0K	693
Q1 25	$118.9K	693
Q2 25	$117.0K	693
Q3 25	$118.1K	693
Q4 25	$148.3K	670

Revenue / Employee