Riskified (RSKD) Q2 2026 Earnings Call: Revenue Up 22%, Guidance Raised

Source Tradingkey

Key Takeaways

  • Riskified reported Q2 2026 revenue of $98.7 million, up 22% year over year and its strongest revenue growth in more than four years.
  • Non-GAAP gross profit increased 13% to $45.4 million, while adjusted EBITDA rose 84% to $3.9 million. Gross margin was 46%, reflecting a higher mix of new merchants and ticketing activity.
  • Digital finance revenue grew approximately 180% year over year, driven by new merchants in event contracts and gaming. Tickets and travel grew approximately 23%.
  • The multiproduct merchant base expanded approximately 50% year over year, while competitive win rates remained above 75%. The value of ACH transactions processed was approximately 19 times the prior-year level.
  • Management raised full-year revenue guidance to $400 million–$410 million and adjusted EBITDA guidance to $33 million–$39 million.
  • Riskified ended the quarter with $223.6 million in cash, deposits and investments, no debt, and generated $12.9 million of free cash flow.

Key Financial Data

MetricQ2 2026Year-over-year change / context
GMV$41.3 millionUp 13%
Revenue$98.7 millionUp 22%
Non-GAAP gross profit$45.4 millionUp 13%
Gross margin46%Affected by new merchant ramps and business mix
Non-GAAP operating expenses$41.5 million42% of revenue versus 47% in Q2 2025
Adjusted EBITDA$3.9 millionUp 84% from $2.1 million
GAAP net loss$9.1 millionImproved 22% from a $11.6 million loss
Free cash flow$12.9 millionPositive during the quarter
Cash, deposits and investments$223.6 millionZero debt
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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