RSKD

Image source: The Motley Fool. Wednesday, Aug. 12, 2026, at 8:30 a.m. ET Head of Investor Relations-Stefan Schulstein Co-Founder and Chief Executive Officer-Eido Gal Chief Financial Officer-Aglika Dotcheva Operator: Good day, and thank you for standing by. Welcome to the Riskified Second Quarter 2026 Earnings Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Stefan Schulstein, Head of Investor Relations. Head: Good morning, and thank you for joining us today. We are hosting today's call to discuss Riskified's financial results for the second quarter of 2026. Participating on today's call are Eido Gal, Riskified's Co-Founder and Chief Executive Officer; and Aglika Dotcheva, Riskified's Chief Financial Officer. We released our results for the second quarter of 2026 earlier today. Our earnings materials, including a replay of today's webcast will be available on our Investor Relations website at ir.riskified.com. Certain statements made on the call today will be forward-looking statements related to, without limitation, our operating performance, business and financial goals, outlook as to revenues, gross profit, gross margin, pipeline generation, pipeline conversion, timing of new merchant go-lives, adjusted EBITDA profitability, adjusted EBITDA margins, non-GAAP operating expenses, free cash flow and expectations as to category and regional growth trends, which reflect management's best judgment based on currently available information and are not guarantees of future performances -- future performance. We intend all forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our expectations as of the date of this call, and except as required by law, we undertake no obligation to revise this information as a result of new developments that may occur after the time of this call. Please refer to our annual report on Form 20-F for the year ended December 31, 2025, and subsequent reports we file or furnish with the SEC for more information on the specific factors that could cause actual results to differ materially from our expectations. Additionally, we will discuss certain non-GAAP financial measures and key performance indicators on the call. Reconciliations to the most directly comparable GAAP financial measures are available in our earnings release issued earlier today and also furnished with the SEC on Form 6-K and in the appendix of our Investor Relations presentation, all of which are posted on our Investor Relations website. I will now turn the call over to Eido to begin. Eido Gal: Thanks, Stefan, and hello, everyone. Before I begin, let me welcome and introduce Stefan Schulstein as our new Head of Investor Relations. Stefan is an experienced Investor Relations executive, and his primary focus will be on fostering strong relationships across the investment community as we continue to drive shareholder value. I am very pleased with our Q2 results, where we delivered the strongest revenue growth in over 4 years. Revenue grew 22% year-over-year to $98.7 million. Non-GAAP gross profit grew 13% to $45.4 million and adjusted EBITDA increased 84% to $3.9 million. Given this momentum, we're once again raising our full year outlook for revenue and adjusted EBITDA. I want to thank our team for driving these results for our clients and shareholders. We believe this accelerated growth is a result of an increasingly complex fraud environment, driving more demand to our expanded platform. Allow me to elaborate. Fraud risk for our merchants continues to grow. It's getting more sophisticated and moving faster, and we believe agentic tools are part of what's accelerating that. Bad actors are creating fake identities that sign up, hijacking real accounts and driving fraudulent activity across digital wallets, cards, ACH, peer-to-peer transactions, tokenized transactions and 3D secure flows. And it's not limited to checkout as the same activity shows up in refund and return of use, chargeback disputes and friendly fraud. Across that large and increasingly complex surface, we're seeing loss rates rise industrywide. These complexities are leading merchants to increasingly look for more effective ways to manage fraud while maintaining a leading customer experience. At the same time, merchants are increasingly frustrated stitching together multiple point solutions. Know Your Customer screening, identity resolution, account security, transactional fraud screening, shipping and returns abuse detection and dispute representment are all part of the stack merchants need to manage, and we hear a clear preference for a single platform and a platform approach isn't just simple. We believe it performs better because the signal from one part of the transaction life cycle strengthens the defense in every other part. That's the flywheel we've talked about before. Turning to our platform. Our risk intelligence platform applies insights from our global merchant network, identity graph and AI capabilities across the e-commerce journey from account creation and login through checkout to post-purchase refunds, returns and disputes. The platform brings together account, checkout, policy and dispute intelligence, all powered by a shared network intelligence and identity layer. We believe that the recent improvements that have been driving the most demand are expanded checkout fraud coverage. As noncard payment methods continue to grow and proliferate, merchants are increasingly looking to us to create the underlying trust mechanism that is missing in. It is a large undertaking, but once done successfully, we believe meaningfully addresses the fundamental trust issue that hurts adoption of these alternative payment methods. For example, with ACH, we have built a risk layer that enables instant payouts, closing some of the gaps with credit cards, allowing merchants to leverage a low-cost funding instrument with substantially reduced risk. And as merchants continue to offer alternative ways to pay, our platform allows them to meet customers where they are. And we believe we are well positioned to build and replicate this trust layer for noncard payments in a way that creates value for both our merchants and Riskified. The dollar value of ACH transactions we processed in the quarter was approximately 19x the value of transactions processed in the second quarter of the prior year. Furthermore, merchants are increasingly using Riskified's identity intelligence beyond checkout to improve the customer experience across the transaction life cycle. We had shared last quarter that we are enabling real-time risk scoring inside customer service workflows, especially as customer service evolves toward a mix of human and conversational AI agents. Additionally, we have now helped one of our newer merchants create a dynamic customer risk profile, which allows safer customers to transact faster and at higher dollar amounts. We believe we are well positioned to deliver additional value to our merchants as our identity database has billions of nodes across the transaction life cycle. Our AI assistant, ARIA, continued to gain traction this quarter. We have embedded ARIA across our wider platform, giving fraud and risk teams a highly effective tool that helps them investigate activity, understand emerging trends and take action more quickly. This helps our merchants optimize workflow and gain additional insights into their customers. Feedback from our merchants has been overwhelmingly positive. These results are enabled by using our differentiated data assets, which we believe makes it more powerful than other solutions that don't have access to our underlying data. Our multiproduct merchant base grew approximately 50% year-over-year. That consistency is the clearest evidence that this platform strategy is working. Merchants aren't buying one tool. They're expanding into more of the network, which allows for additional upsell opportunities and drives retention. On to new business momentum. The 2 trends I just discussed, more complex fraud and continued improvements in our platform drove a significant acceleration of new business this quarter. This new business was diversified across geographies and across both new and existing merchant categories. New logo acquisition was a significant contributor this quarter. We added new logos across all 4 regions with 5 of our top 10 headquartered outside the United States, spanning 5 categories. We're encouraged by the pace at which we continue to add merchants to the platform, which builds toward future expansion opportunities. Upsell activity within our existing merchant base was also healthy this quarter, reinforcing the durability of our platform as merchants continue to expand their use of our products. Our pipeline is robust with the U.S. still the largest contributor and strong momentum across APAC. From an industry perspective, we saw healthy activity within travel, payments and fashion, and a particularly strong pace of conversion as many of the opportunities we discussed last quarter converted into new business. Our competitive win rates remained above 75% in the second quarter, further evidence of the differentiation of our platform relative to the alternatives that merchants evaluate. A notable highlight this quarter with live sports, a dense global events calendar, which included the World Cup and the NBA finals drove elevated transaction volume across 2 connected parts of our business. In tickets, our established base benefited directly from this volume, reinforcing what we believe is the vertical's role as a durable growth driver. In our money transfer and payments category, which we have renamed digital finance to reflect the broader merchant category, strong momentum from the same dynamic with particular strength in event contracts and gaming. We are particularly pleased with our expansion into newer categories within digital finance, enabled by our platform innovation. Putting it all together, this was a quarter that reflects both the strength of the market opportunity in front of us and our team's execution in capturing it. Fraud keeps growing more complex and merchants are converging on the unified platform we've spent years building. That combination is showing up in our results, strong revenue growth, accelerating new business and a multiproduct base that keeps deepening. It's why we're raising our outlook for the second time this year. We enter the second half with the platform, the pipeline and the momentum to keep delivering for our merchants and our shareholders. I'll now turn it over to Aglika for a deeper look at our financial results. Aglika Dotcheva: Thank you, Aglika, and everyone, for joining today's call. Unless otherwise noted, this discussion will reference non-GAAP financial measures. We have provided a reconciliation of GAAP to non-GAAP financial measures in our earnings release. Our GMV for the second quarter was $41.3 million, reflecting a 13% increase year-over-year. We achieved second quarter revenue of $98.7 million, up 22% year-over-year, an acceleration from 7% growth in the first quarter and the strongest year-over-year growth in more than 4 years. Our GMV and revenue growth during this quarter was primarily driven by continued new merchants and upsell activity as merchants continue to recognize the value of our platform provides. Growth in the second quarter was broad-based across all of our categories, led by digital finance and tickets and travel. Our digital finance category grew approximately 180% year-over-year, driven primarily by the ramp of multiple new merchants onboarded in the quarter to the event contracts and gaming of vertical with upsell activity across our existing base contributing as well. Tickets and travel grew approximately 23% year-over-year, an acceleration from 18% in the first quarter. Tickets was the primary driver with growth accelerating meaningfully as same-store sales momentum strengthened across our largest ticketing merchants and travel continued to deliver growth even with a tough year-over-year comparison. Our fashion and luxury vertical grew 4% year-over-year, driven by new and upsell activity as well as same-store performance. Looking ahead, we continue to expect our tickets and travel, digital finance and fashion and luxury categories to collectively approximate 80% of total billings for the year, with digital finance to significantly exceed the company's average growth rate throughout the remainder of 2026. Turning to our regional performance. Billings grew across all regions during the second quarter. The United States, our largest region, grew approximately 38% year-over-year, up from 10% in the first quarter, reflecting continued strength in tickets and the addition of new merchants in digital finance. APAC grew approximately 42% in Q2. We continue to see healthy underlying demand in the region and expect more balanced growth as the year progresses. Other Americas grew approximately 21% year-over-year, up from 11% in the first quarter, primarily driven by new business activity, and India delivered approximately 3% growth against a strong prior year comparable period in the travel vertical. We believe that our continued growth across geographies is a testament to the success of our global expansion strategy. Our gross profit for the second quarter was $45.4 million, reflecting a 13% increase year-over-year. The growth was primarily driven by the contribution of new business onboarded led by our digital finance category, where we continue to expand into new verticals. This was further supported by strong same-store activity in our tickets of vertical, which benefited from elevated live sports during the quarter. Our gross margin in the second quarter was 46%, attributable to ramping up new merchants, which typically begin at lower margins and improve over time. Performance across our existing merchant base remained healthy, resulting from ongoing enhancements to our core machine learning models. As a result of our second quarter performance, we're now raising our expected full year gross profit growth to a range of 11% to 14% or 12.5% at the midpoint. We expect gross profit growth in the third quarter to be similar to the growth in the second quarter. Moving to operating expenses. Non-GAAP operating expenses totaled $41.5 million for the quarter or 42% of revenue compared to 47% in Q2 of 2025, reflecting sustained cost discipline as our business scales. On a constant currency basis, OpEx would have been $4.1 million lower or approximately 39% of revenue, primarily driven by the continued appreciation of the Israeli shekel. We continue to expect quarterly non-GAAP operating expenses to range between $42 million and $43 million. We delivered adjusted EBITDA of $3.9 million, representing an 84% increase compared to $2.1 million in Q2 of 2025 and demonstrating the efficiency of our scaling cost structure. On a GAAP basis, second quarter net loss improved 22% year-over-year to a loss of $9.1 million compared to a loss of $11.6 million in Q2 of 2025. GAAP net loss was impacted by a decline in interest income and increase in other expense, the latter primarily tied to foreign currency fluctuations. Moving to the balance sheet. We ended the second quarter with approximately $223.6 million of cash, deposits and investments and continue to carry 0 debt. In addition, we continue to maintain a healthy cash flow model. In the second quarter, we achieved free cash flow of $12.9 million. We expect to exceed $40 million of positive free cash flow in 2026. During Q2 of 2026, we repurchased approximately 13.7 million shares at an average price per share of $4.67 for total consideration of $63.9 million, which contributed to a reduction of 8% in total shares outstanding. From the inception of our buyback program through the end of Q2, we have repurchased approximately 72 million shares for a total of $351 million, which helped contribute to a 26% reduction in total shares outstanding over that period. We believe that our strong balance sheet and liquidity position are strategic assets that provide us with the flexibility to navigate a range of operating environments. We intend to remain disciplined and thoughtful in how we deploy capital to create long-term shareholder value. Now turning to our outlook. As a result of our continued execution, we're raising the full year guidance range across both revenue and adjusted EBITDA. We now anticipate full year revenue to be between $400 million and $410 million, or $405 million to the midpoint, reflecting the outperformance of our second quarter results and increased visibility supported by early execution and elevated transaction volume from live events. We expect third quarter revenue growth of approximately 27%. We currently expect adjusted EBITDA to be between $33 million and $39 million or $36 million to the midpoint, up from our prior range of $28 million to $34 million, representing a margin of approximately 9% at the midpoint, up from 8% implied in our prior guidance. The primary factors that may determine where we fall within each range are consistent with what we shared last quarter. The timing and ramping of new merchant go-lives and existing merchant upsells, our success in retaining our merchants and the broader macro environment. We're pleased with the strength of our second quarter results. Revenue growth accelerated to its fastest pace in more than 4 years and profitability continued to expand alongside it. We generated meaningful free cash flow while continuing to return capital to shareholders through our buyback program, and we raised our full year guidance for both revenue and adjusted EBITDA for the second time this year. With a strong balance sheet, 0 debt and a favorable market environment, we're well positioned to keep executing through the second half. Operator, we're ready to take the first question. Operator: And our first question comes from Ryan Tomasello with KBW. Ryan Tomasello: Congrats on the solid quarter. I guess, clearly, it sounds like the increasingly complex fraud environment is driving really solid demand for the business. Maybe just to put a finer point on that, would you describe the momentum you're seeing on the new logo front as a steady continuation of the trends you've already been observing over the last several quarters? Or did this last quarter and the first half of the year represent a more notable inflection in the pipeline maybe as AI proliferation starts to hit a more critical mass? And then on the flip side of that, if you could just talk about your confidence in Riskified's ability to continue to maintain solid CPV ratios just as the fraud you're insuring becomes more complex here. Eido Gal: Ryan, sure. Happy to take that. I think it's a convergence of a few factors. So we've really spent the past few quarters expanding the product platform in a way that solves some of the newer fraud MOs and kind of creates more value, I would say, globally and across a multitude of categories. If you think some of the things we've done around identity and leveraging that to create kind of smarter and more customized flow. Some of the work on accounts, everything around policy, the multi-payment method duality at checkout fraud. So you have this expanding and unique platform on the one hand. And then on the other hand, you do have an increase in the fraud environment, possibly related to agentic tools where the sophistication and the velocity is kind of clearly increasing. And while we have had positive momentum over the past few quarters, and we've called it out, I think this quarter, definitely kind of everything clicked. And you can see that in the numbers and the pipeline that we've been building, we were able to convert. We were able to convert it relatively quickly, saw good expansion globally, saw good upsell opportunity, saw a lot of new logos leading to some of those future upsells. So I do think some kind of fundamental issues and kind of just all aligning to good timing right now. To the second part of your question, yes, we continue to feel confident about our ability to solve the problems of fraud and definitely more so than any single individual merchant can. I think that's one of the unique value points. And we'll think we'll continue to see that newer categories and newer geographies can start at higher CPV, but will continue to improve over time, similarly to prior cohorts. Ryan Tomasello: And then maybe one for Aglika on the implied take rate -- revenue take rate on GMV in the quarter that, I think, drove some strong outperformance to street models since GMV growth was only slightly ahead of, I think, where folks were modeling. Maybe if you could just help us understand the drivers there and how we should think about the trajectory of GMV versus take rates in the back half of the year, if there's any mix or seasoning dynamics to call out on the take rate? And then also on gross margins, I think those were down decently year-over-year, I assume, on mix dynamics. But if you can also just talk about how we should think through the trends around gross margin into the back half? Aglika Dotcheva: Thank you for the questions, Ryan. So on the take rate, I always like to say that we look at this as an output of the business. So it's not something that at any point in time, it can fluctuate. But the way -- specifically for this quarter, it's really a function of the higher risk profile of the new business that we added. And I do see it in terms of the quarter mostly is a timing effect as we continue to add more merchants and diversify and add more business, the take rates will potentially kind of like continue to fluctuate, but maybe slightly lower than what we see this quarter. So why I do expect GMV and revenue growth to diverge for the rest of the year, maybe like at a slightly lower spread than what we sell. Again, this is an output of the model. And in any given quarter, the dynamics of the business, the different kind of growth existing merchants, the upsell and new logo opportunities can drive slightly different results. And then on your second question. Eido Gal: That was on gross margins. Aglika Dotcheva: The gross margin, of course. So I'm very excited about the market share gain this quarter. It's very exciting to be able to accelerate our revenue growth and also kind of to add nicely on the gross profit growth. And this is the way we drive the business. This is kind of like the main KPIs. And when I think about the gross margin on any given quarter, it can fluctuate depending on the mix shift, which we did see this quarter with some of the kind of more activity in the ticketing space, which tends to have a slightly lower gross margin and also significantly higher weight from new business. But it's more of a mix shift in the quarter. And as Eido kind of shared on the CDB, we've seen some new business just come at a lower gross margin initially, but there's nothing structural to that. We do expect all cohorts to kind of improve over time. Operator: Our next question comes from Terry Tillman with Truist. Connor Passarella: This is Connor Passarella on for Terry. Congrats on the strong results this quarter. Maybe just to start, you called out merchants increasingly using Riskified identity intelligence beyond the checkout and across the transaction life cycle. Could you maybe just give us a sense of where you're seeing the strongest demand today and whether you're starting to see intelligence -- identity intelligence open up entirely new budgets or buyers within customers beyond just the traditional fraud organization? Eido Gal: I think one of the more interesting things about leveraging identity is you're able to leverage your risk knowledge to create a better experience for the good customers, right? So kind of the smartest and most forward-thinking merchants are not just saying, hey, how can we block fraud, they're kind of saying, hey, how can we leverage this understanding about who the customer really is and provide them a better checkout or shopping experience. And that could be anything from how do we create an instant refund instead of waiting for this package to be delivered? How do we make sure that all our systems kind of support systems, CRM systems understand who this identity is so that as we interact with them. We can provide them a white glove service if they deserve it. How can we go from a position where we don't really know who this new customer is that signing up to actually understanding it's a really important relationship for us and maybe the limits or the transfers or others restrictions that are set on the account can be set differently based on the identity. So we definitely think that's expanding the conversation and really putting people in a position where they understand a great risk tool is not just about blocking fraud, but it's creating a better experience based on the understanding of where fraud happens. Connor Passarella: And then maybe just as a follow-up, as revenue growth has accelerated, you also raised the adjusted EBITDA guidance. Just does the performance this quarter change anything on how you think about the trade-off between reinvesting behind the stronger growth opportunity and allowing incremental revenue to flow through to margins? Eido Gal: Look, right now, I think internally, we're still focused on efficiency and making sure that we're able to leverage AI capabilities to kind of drive more with less. Obviously, we're going to balance that with the large opportunity ahead of us. And we're happy we were able to execute on both fronts at the same time. Operator: Our next question comes from Cris Kennedy with William Blair. Cristopher Kennedy: You talked about some of the macro tailwinds in the business and some of the strong upsell activity. Can you just give us your latest thoughts on the expectations for net dollar retention and your visibility into that metric going forward? Aglika Dotcheva: Thank you for the question. So, our expectations for net dollar retention remains around 105%, no change from what we had before. Specifically for this quarter, we saw very strong tailwinds coming from the ticketing space, and it drove a nice kind of growth in this area. At the same time, we saw kind of travel while continue to grow a little bit softer than what we saw earlier in the year. And all in all, I would say that the majority of the growth at this point is kind of being driven by new business, and that's driving like the higher growth rate that we guided to. Cristopher Kennedy: And then can you just give us an update on the expectations from the revenue contribution from newer products as you extend beyond chargeback guarantee? Aglika Dotcheva: As we currently kind of project, we're still in the ballpark that we shared earlier in the year. There's no change in that as well. And we're just very happy with the continued addition of new merchants and that are continuing to kind of grow and using more than one product. Operator: Our next question comes from Timothy Chiodo with UBS. Timothy Chiodo: I want to talk a little bit more on the Marqeta partnership that you recently announced. This is a good example of Riskified's technology working on the issuer side. I was hoping you could talk a little bit about, number one, the mechanics associated with this and how the technology helps the issuing banks. And then number two, the mechanics or how the revenue model might work or if we should think about this as more of a distribution channel, if there's a rev share, any of those kind of mechanics would be appreciated. Eido Gal: Tim, I'll take that. Thanks for the question. When we talk to merchants, they increasingly focus on what we call the post-authorization approval, right? You can either look at approval rates before you send the payment through the authorization stream or afterwards. And obviously, you have the merchant, the transaction, the initial risk decision by a vendor like us, and then it needs to go through the entire payment chain and funnel. And throughout that entire payment chain and funnel, there are various points where the transaction can be blocked and it can be blocked because someone enters the wrong CPV code. It can be blocked because there's not enough funds in the account or it can be blocked because someone further upstream from Riskified and the merchant decides that this transaction might be fraudulent or higher risk. Because we really see our solution, our focus is on maximizing end-to-end conversion for our clients, we really try to think, hey, so what other avenues do we have? And it's not just about being the most accurate at identifying fraud for the merchant, it's also helping other partners in the payment ecosystem make smarter decisions. So, the relationship with Marqeta provides us an ability to share data and risk information in a way that allows them to increase rates on behalf of our merchants, right? So basically, if the card was issued by Marqeta or the processor there, we would expect by several percentage points higher off rates. The value that creates for Riskified is in kind of the competitive situations where we come to new merchants, it helps create a more differentiated offering, right? It's not just about the multiproduct when we talk about the unique use cases like policy or like the identity we talked about, it also allows us to show them that on the actual offering that obviously, they care about very much, we can create a differentiated approval expectation through these types of partnerships. So, we monetize it directly through the merchant by increasing win rates and having better retention there. Operator: Thank you. I would now like to turn the call back over to Eido Gal for any closing remarks. Eido Gal: Thank you, everyone. We're really excited about the momentum in the business, and we look forward to updating you on the quarters ahead. Operator: Thank you. This concludes the conference. Thank you for your participation. You may now disconnect. Before you buy stock in Riskified, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Riskified wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $419,408!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,348,694!* Now, it’s worth noting Stock Advisor’s total average return is 966% — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. 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This article first appeared on GuruFocus. Revenue: $98.7 million, up 22% year over year, the strongest growth in over four years. Gross Profit (Non-GAAP): $45.4 million, up 13% year over year, with a gross margin of 46%. Adjusted EBITDA: $3.9 million, an 84% increase from $2.1 million in Q2 2025. GAAP Net Loss: Improved 22% year over year to a loss of $9.1 million, compared to a loss of $11.6 million in Q2 2025. GMV: $41.3 billion, reflecting a 13% increase year over year. Free Cash Flow: $12.9 million in the second quarter. Cash and Investments: Approximately $223.6 million, with zero debt. Share Repurchases: Repurchased approximately 13.7 million shares at an average price of $4.67 for a total of $63.9 million in Q2. Category Growth: Digital Finance grew approximately 180% year over year; Tickets and Travel grew approximately 23%; Fashion and Luxury grew 4%. Regional Growth: United States grew approximately 38%; APAC grew approximately 42%; Other Americas grew approximately 21%; EMEA grew approximately 3%. Full-Year Guidance: Raised revenue outlook to $400 million-$410 million and adjusted EBITDA to $33 million-$39 million. Warning! GuruFocus has detected 7 Warning Signs with RSKD. Is RSKD fairly valued? Test your thesis with our free DCF calculator. Release Date: August 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue growth accelerated to 22% year-over-year, the strongest in over four years, reaching $98.7 million. Adjusted EBITDA increased 84% year-over-year to $3.9 million, demonstrating improved profitability. New business momentum was strong, with new logos added across all four regions and competitive win rates above 75%. The multi-product merchant base grew approximately 50% year-over-year, indicating successful platform adoption and upsell opportunities. The company raised its full-year revenue and adjusted EBITDA guidance for the second time this year, reflecting increased confidence. Gross margin declined to 46% in Q2, impacted by a mix shift toward new merchants and ticketing, which typically start at lower margins. GAAP net loss remained at $9.1 million, though improved 22% year-over-year, with impacts from foreign currency fluctuations. EMEA region growth was only 3% year-over-year, facing tough comparisons from the prior year's travel vertical performance. Net dollar retention is expected to remain around 105%, indicating limited expansion from existing merchants. The company faces ongoing pressure from the appreciation of the Israeli shekel, which negatively impacts operating expenses. Q: Would you describe the momentum on the new logo front as a steady continuation of trends, or did this quarter represent a more notable inflection in the pipeline, possibly due to AI proliferation? Also, how confident are you in maintaining solid chargeback-to-bank (CTB) ratios as fraud becomes more complex? A: Eido Gal (CEO): The acceleration is a convergence of factors. We have spent the past few quarters expanding the platform to solve newer fraud MOs, while the fraud environment itself has become more sophisticated and faster, possibly due to agentic tools. This quarter, everything clicked, with strong pipeline conversion, global expansion, and upsell opportunities. Regarding CTB, we remain confident in our ability to solve fraud problems better than individual merchants, and while newer categories may start at higher CTB, they will improve over time like prior cohorts. Q: Can you help us understand the drivers behind the strong revenue take rate on GMV this quarter and how we should think about the trajectory of GMV versus take rates in the back half? Also, what are the trends around gross margin? A: Agi Dotcheva (CFO): The take rate is an output of the business, and this quarter it was driven by the higher risk profile of new business. We expect GMV and revenue growth to diverge for the rest of the year, but at a slightly lower spread. On gross margin, the decline was due to a mix shift, with more activity in ticketing (which has lower margins) and a higher weight from new business. There is nothing structural, and we expect all cohorts to improve over time. Q: You mentioned merchants increasingly using Riskified's identity intelligence beyond checkout. Where are you seeing the strongest demand, and is this opening up new budgets or buyers beyond the traditional fraud organization? A: Eido Gal (CEO): The most forward-thinking merchants are leveraging risk knowledge to create a better experience for good customers, not just blocking fraud. This includes instant refunds, white-glove customer service, and dynamic account limits based on identity. This expands the conversation, showing that a great risk tool is not just about blocking fraud but also about creating a better experience based on understanding where fraud happens. Q: As revenue growth accelerated, you also raised adjusted EBITDA guidance. Did the performance change how you think about the trade-off between reinvesting behind a stronger growth opportunity and allowing incremental revenue to flow through to margins? A: Eido Gal (CEO): Internally, we remain focused on efficiency and leveraging AI capabilities to drive more with less. We will balance that with the large opportunity ahead, and we are happy we were able to execute on both fronts simultaneously. Q: Can you give us your latest thoughts on expectations for net dollar retention and your visibility into that metric going forward? A: Agi Dotcheva (CFO): Our expectations for net dollar retention remain around 105, with no change. This quarter, we saw strong tailwinds from ticketing, while travel grew a bit softer. The majority of growth is currently being driven by new business, which is driving the higher growth rates we guided to. Q: Can you provide an update on the expectations for revenue contribution from newer products as you extend beyond Chargeback Guarantee? A: Agi Dotcheva (CFO): We are still in the ballpark we shared earlier in the year, with no change. We are very happy with the continued addition of new merchants that are using more than one product. Q: Can you talk about the mechanics of the Marqeta partnership, how the technology helps issuing banks, and how the revenue model works? A: Eido Gal (CEO): The partnership focuses on improving post-authorization approval rates. By sharing data and risk information with Marqeta, we can increase auth rates on behalf of our merchants. This creates a differentiated offering for Riskified in competitive situations, helping us win new merchants and improve retention. We monetize it directly through the merchant by increasing win rates and retention. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Riskified (RSKD) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this provider of fraud-prevention services would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of +25%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Riskified, which belongs to the Zacks Internet - Software industry, posted revenues of $98.69 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 12.15%. This compares to year-ago revenues of $81.06 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Riskified shares have added about 6% since the beginning of the year versus the S&P 500's gain of 12.9%. While Riskified has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Riskified was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $91.5 million in revenues for the coming quarter and $0.27 on $380 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Rubrik, Inc. (RBRK), has yet to report results for the quarter ended July 2026. The results are expected to be released on August 27. This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +266.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Rubrik, Inc.'s revenues are expected to be $396.15 million, up 27.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Riskified Ltd. (RSKD) : Free Stock Analysis Report Rubrik, Inc. (RBRK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Raises Revenue and Adjusted EBITDA guidance NEW YORK, August 12, 2026--(BUSINESS WIRE)--Riskified Ltd. (NYSE: RSKD) (the "Company", "Riskified", "we" or "our"), a leader in ecommerce fraud and risk intelligence, today announced financial results for the three and six months ended June 30, 2026. The Company will host an investor call to discuss these results today at 8:30 a.m. Eastern Time. "We delivered our strongest revenue growth in over four years, driven by increasingly complex fraud and merchant demand for the unified platform we've spent years building. That's showing up in accelerating new business and a deepening multi-product base, and it's why we're raising our outlook for the second time this year," said Eido Gal, CEO & Co-Founder of Riskified. Q2 2026 and Recent Business Highlights Strongest Revenue Growth in Over Four Years: Revenue grew 22% year-over-year to $98.7 million, an acceleration from 7% growth in the first quarter, driven by continued new merchant and upsell activity. Accelerating New Business Momentum: New logo acquisition was a significant contributor to results this quarter. We added new logos across all four regions, with five of our top ten headquartered outside the United States, spanning five categories. Sustained Competitive Win Rates: Our competitive win rates remained above 75% in the second quarter, reflecting the differentiation of our platform compared to alternatives that merchants consider. Continued ACH and Non-Card Expansion: Our investment in ACH-specific models and features extended our broader payments capabilities, with ACH becoming a meaningful and growing part of new business this quarter. The dollar value of ACH transactions that Riskified processed in the quarter was approximately 19 times higher than the value processed in the second quarter of the prior year. Platform Expansion: Merchants are increasingly using Riskified’s identity intelligence beyond checkout to improve the customer experience across the transaction lifecycle. Our AI assistant, ARIA, continued to gain traction this quarter. We have embedded ARIA across our wider platform, giving fraud and risk teams a highly effective tool that helps them investigate activity, understand emerging trends, and take action more quickly. Live Sports Driving Category Momentum: A dense global events calendar, including the World Cup and NBA Finals, drove elevated volumes across Tickets and Digital Finance. Continued Share Repurchases: In the second quarter, we repurchased approximately 13.7 million shares for total consideration of $63.9 million, contributing to a 26% cumulative reduction in total shares outstanding since the program's inception. Q2 2026 Financial Summary & Highlights The following table summarizes our consolidated financial results for the three and six months ended June 30, 2026 and 2025, in thousands except where indicated: Additional Financial Highlights GAAP gross profit margin of 46% for the three months ended June 30, 2026 compared to 49% in the prior year. Non-GAAP gross profit margin(1) of 46% for the three months ended June 30, 2026 compared to 50% in the prior year. GAAP gross profit margin of 49% for the six months ended June 30, 2026 compared to 49% in the prior year. Non-GAAP gross profit margin(1) of 49% for the six months ended June 30, 2026 compared to 50% in the prior year. GAAP net loss per share of $(0.07) for the three months ended June 30, 2026 compared to net loss per share of $(0.07) in the prior year. Non-GAAP diluted net profit per share(1) of $0.02 for the three months ended June 30, 2026 compared to $0.02 in the prior year. GAAP net loss per share of $(0.09) for the six months ended June 30, 2026 compared to net loss per share of $(0.16) in the prior year. Non-GAAP diluted net profit per share(1) of $0.07 for the six months ended June 30, 2026 compared to $0.05 in the prior year. Operating cash flow of $13.3 million for the three months ended June 30, 2026 compared to $5.6 million in the prior year. Free cash flow(1) of $12.9 million for the three months ended June 30, 2026 compared to $5.3 million in the prior year. Operating cash flow of $22.9 million for the six months ended June 30, 2026 compared to $9.4 million in the prior year. Free cash flow(1) of $22.0 million for the six months ended June 30, 2026 compared to $9.0 million in the prior year. Ended June 30, 2026 with approximately $223.6 million of cash, deposits, and investments on the balance sheet and zero debt. "We delivered robust revenue growth in the second quarter, with continued expansion in Adjusted EBITDA," said Aglika Dotcheva, Chief Financial Officer of Riskified. "Revenue grew 22% year-over-year to $98.7 million, accelerating from 7% growth in the first quarter, and Adjusted EBITDA increased 84% to $3.9 million. We also generated $12.9 million in free cash flow while returning capital to shareholders through our buyback program. Our strong balance sheet and improving profitability give us the confidence and flexibility to keep investing in the platform while raising our full-year outlook." Financial Outlook For the year ending December 31, 2026: We now anticipate revenue to be between $400 million and $410 million, or $405 million to the midpoint, up from our prior range of between $376 million and $384 million. This reflects the flow-through of our second quarter revenue outperformance, as well as an incremental raise to our outlook based on the momentum we are seeing in the business. We now anticipate Adjusted EBITDA to be between $33 million and $39 million, or $36 million to the midpoint, up from our prior range of $28 million to $34 million. The primary factors that may determine where we fall within each range are consistent with what we shared last quarter - the timing and ramping of new merchant go-lives and existing merchant upsells, our success in retaining our merchants, and the broader macro environment. (1) GMV is a key performance indicator. Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit margin, non-GAAP diluted net profit per share, and free cash flow are non-GAAP measures of financial performance. See "Key Performance Indicators and Non-GAAP Measures" for additional information and "Reconciliation of GAAP to Non-GAAP Measures" for a reconciliation to the most directly comparable GAAP measure. (2) We refer to certain forward-looking non-GAAP financial measures in this press release and on our quarterly results conference call. We are not able to provide a reconciliation of forward-looking Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP operating expense, or free cash flow for the fiscal year ending December 31, 2026 to net profit (loss), gross profit, total operating expenses, and operating cash flow, respectively, because certain items that are excluded from these non-GAAP metrics but included in the most directly comparable GAAP financial measures, cannot be predicted on a forward-looking basis without unreasonable effort or are not within our control. For example, we are unable to forecast the magnitude of foreign currency transaction gains or losses which are subject to many economic and other factors beyond our control. For the same reasons, we are unable to address the probable significance of the unavailable information, which could have a potentially unpredictable and significant impact on our future GAAP financial results. Conference Call and Webcast Details The Company will host a conference call to discuss its financial results today, August 12, 2026 at 8:30 a.m. Eastern Time. A live webcast of the call can be accessed from Riskified’s Investor Relations website at ir.riskified.com. A replay of the webcast will also be available for a limited time at ir.riskified.com. The press release with the financial results, as well as the investor presentation materials will also be accessible on the Company’s Investor Relations website prior to the conference call. Key Performance Indicators and Non-GAAP Measures This press release and the accompanying tables contain references to Gross Merchandise Volume ("GMV"), which is a key performance indicator, and to certain non-GAAP measures which include non-GAAP measures of financial performance such as Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP cost of revenue, non-GAAP operating expenses by line item, non-GAAP constant currency operating expenses, non-GAAP net profit (loss), and non-GAAP net profit (loss) per share, and a non-GAAP measure of liquidity, Free Cash Flow. Management and our Board of Directors use key performance indicators and non-GAAP measures as supplemental measures of performance and liquidity because they assist us in comparing our operating performance on a consistent basis, as they remove the impact of items that we believe do not directly reflect our core operations. We also use Adjusted EBITDA for planning purposes, including the preparation of our internal annual operating budget and financial projections, to evaluate the performance and effectiveness of our strategic initiatives, and to evaluate our capacity to expand our business. Free Cash Flow provides useful information to management and investors about the amount of cash generated by the business that can be used for strategic opportunities, including investing in our business and strengthening our balance sheet. These non-GAAP measures should not be construed as an inference that our future results will be unaffected by unusual or other items. Non-GAAP measures of financial performance have limitations as analytical tools in that these measures do not reflect our cash expenditures, or future requirements for capital expenditures, or contractual commitments; these measures do not reflect changes in, or cash requirements for, our working capital needs; these measures do not reflect our tax expense or the cash requirements to pay our taxes, and assets being depreciated and amortized will often have to be replaced in the future and these measures do not reflect any cash requirements for such replacements. Non-GAAP constant currency operating expenses is limited because it reflects a hypothetical recalculation of operating expenses using prior-period exchange rates and therefore does not reflect the actual operating expenses incurred by the business or the economic impact of foreign currency exchange rate fluctuations on our results, which are inherent to our global operations. Free Cash Flow is limited because it does not represent the residual cash flow available for discretionary expenditures. Free Cash Flow is not necessarily a measure of our ability to fund our cash needs. In light of these limitations, management uses these non-GAAP measures to supplement, not replace, our GAAP results. The non-GAAP measures used herein are not necessarily comparable to similarly titled captions of other companies due to different calculation methods. Non-GAAP financial measures should not be considered in isolation, as an alternative to, or superior to information prepared and presented in accordance with GAAP. These measures are frequently used by analysts, investors and other interested parties to evaluate companies in our industry. By providing these non-GAAP measures together with a reconciliation to the most comparable GAAP measure, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives. We define GMV as the gross total dollar value of orders reviewed through our AI fraud and risk intelligence platform during the period indicated, including the value of orders that we did not approve. GMV is an indicator of the success of our merchants and the scale of our platform. GMV does not represent transactions successfully completed on our merchants’ websites or revenue earned by us, however, our revenue is directionally correlated with the level of GMV reviewed through our platform and is an indicator of future revenue opportunities. We generate revenue based on the portion of GMV we approve multiplied by the associated risk-adjusted fee. We define each of our non-GAAP measures of financial performance, as the respective GAAP balances shown in the below tables, adjusted for, as applicable, depreciation and amortization (including amortization of capitalized internal-use software as presented in our statement of cash flows), share-based compensation expense, payroll taxes related to share-based compensation, legal-related and other expenses, restructuring costs, provision for (benefit from) income taxes, other income (expense) including foreign currency transaction gains and losses and gains and losses on non-designated hedges, and interest income (expense). Adjusted EBITDA margin represents Adjusted EBITDA expressed as a percentage of revenue. Non-GAAP Gross Profit Margin represents Non-GAAP Gross Profit expressed as a percentage of revenue. We define non-GAAP net profit (loss) per share as non-GAAP net profit (loss) divided by non-GAAP weighted-average shares. We define non-GAAP weighted-average shares, as GAAP weighted average shares, adjusted to reflect any dilutive ordinary share equivalents resulting from non-GAAP net profit (loss), if applicable. We define non-GAAP constant currency operating expenses as total non-GAAP operating expenses excluding the impact of our hedging program and foreign exchange rate movements. We use it to determine the impact that exchange rate changes have on our results. Non-GAAP constant currency operating expenses is calculated by translating current period non-GAAP operating expenses excluding hedging gains/losses using the prior period exchange rate. We define Free Cash Flow as net cash provided by (used in) operating activities, less cash purchases of property and equipment and capitalized software development costs. Management believes that by excluding certain items from the associated GAAP measure, these non-GAAP measures are useful in assessing our performance and provide meaningful supplemental information due to the following factors: Depreciation and amortization: We exclude depreciation and amortization (including amortization of capitalized internal-use software) because we believe that these costs are not core to the performance of our business and the utilization of the underlying assets being depreciated and amortized can change without a corresponding impact on the operating performance of our business. Management believes that excluding depreciation and amortization facilitates comparability with other companies in our industry. Share-based compensation expense: We exclude share-based compensation expense primarily because it is a non-cash expense that does not directly correlate to the current performance of our business. This is partly because the expense is calculated based on the grant date fair value of an award which may vary significantly from the current fair market value of the award based on factors outside of our control. Share-based compensation expense is principally aimed at aligning our employees’ interests with those of our shareholders and at long-term retention, rather than to address operational performance for any particular period. Payroll taxes related to share-based compensation: We exclude employer payroll tax expense related to share-based compensation in order to see the full effect that excluding that share-based compensation expense had on our operating results. These expenses are tied to the exercise or vesting of underlying equity awards and the price of our common stock at the time of vesting or exercise, which may vary from period to period independent of the operating performance of our business. Legal-related and other expenses: We exclude certain costs incurred in connection with corporate initiatives that are non-recurring and not reflective of costs associated with our ongoing business and operating results and are viewed as unusual and infrequent. Restructuring costs: We exclude costs associated with reductions in force because these costs are related to one-time severance and benefit payments and are not reflective of costs associated with our ongoing business and operating results and are viewed as unusual and infrequent. See the tables below for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. Forward Looking Statements This press release and announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Exchange Act. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our revenue and Adjusted EBITDA guidance for fiscal year 2026, expected relationships between billings growth and future revenue recognition, our anticipated gross profit, non-GAAP gross profit margin and free cash flow, expectations as to continued margin and Adjusted EBITDA expansion, the operating leverage and scalability inherent in our business model, future growth potential in new verticals, new geographies, new payment methods and transaction types, agentic commerce and AI-driven shopping environments, and from new products, anticipated benefits and impacts of our share repurchase program and management of our dilution, internal modeling assumptions, expectations as to the macroeconomic environment, expectations as to our new merchant pipeline, pipeline conversion rates, the timing and pace of new merchant go-lives, competitive win rates, and geographic reach, market share and upsell opportunities, the impact of partnership and reseller arrangements, the impact of competition, pricing pressure and churn, the advancement and performance of our AI-powered multi-product platform, including the expansion of identity intelligence as a standalone capability, and its impact on our results and productivity , the benefits of our partnerships and collaborations with third-parties, our forecasted operating expenses and our business plans and strategy are forward looking statements, which reflect our current views with respect to future events and are not a guarantee of future performance. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "forecasts," "aims," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: our ability to manage our growth effectively; continued use of credit cards and other payment methods that expose merchants to the risk of payment fraud, and other changes in laws and regulations, including card scheme rules, related to the use of these payment methods, and the emergence of new alternative payments products; our ability to attract new merchants and retain existing merchants and increase sales of our products to existing merchants; our history of net losses and ability to achieve profitability; the impact of macroeconomic and geopolitical conditions on us and on the performance of our merchants; the accuracy of our estimates of market opportunity and forecasts of market growth; competition; our ability to continue to improve our artificial intelligence, machine learning models and automated decision making technologies (collectively, "AI Technologies"); fluctuations in our CTB Ratio and gross profit margin, including as a result of large-scale merchant fraud attacks or other security incidents; our ability to protect the information of our merchants and consumers; our ability to predict future revenue due to lengthy sales cycles; seasonal fluctuations in revenue; our merchant concentration and loss of a significant merchant; the financial condition of our merchants, particularly in challenging macroeconomic environments, and the impact of pricing pressure; our ability to increase the adoption of our products, develop and introduce new products and effectively manage the impact of new product introductions on our existing product portfolio; our ability to mitigate the risks involved with selling our products to large enterprises; changes to our pricing and pricing structures; our ability to retain the services of our executive officers, and other key personnel, including our co-founders; our ability to attract and retain highly qualified personnel, including software engineers and data scientists, particularly in Israel; our ability to manage periodic realignments of our organization, including expansion or reductions in force; our exposure to existing and potential future litigation claims; our exposure to fluctuations in currency exchange rates, including recent strength in the value of the Israeli shekel against the US dollar; our ability to obtain additional capital; our reliance on third-party providers of cloud-based infrastructure; our ability to protect our intellectual property rights; technology and infrastructure interruptions or performance problems; the efficiency and accuracy of our AI Technologies and access to third-party and merchant data; consumer adoption of agentic commerce; our ability to comply with evolving data protection, privacy and security laws; any actual or perceived failure to comply with evolving regulatory frameworks around the development and use of artificial intelligence; our ability to successfully implement and use AI Technologies; our use of open-source software; our ability to enhance and maintain our brand; our ability to execute potential acquisitions, strategic investments, partnerships, or alliances; potential claims related to the violation of the intellectual property rights of third parties; our failure to comply with anti-corruption, trade compliance, and economic sanctions laws and regulations; disruption, instability and volatility in global markets and industries; our ability to enforce non-compete agreements entered into with our employees; our ability to maintain effective systems of disclosure controls and financial reporting; our ability to accurately estimate or make judgments relating to our critical accounting policies; our business in China; changes in tax laws or regulations; scrutiny of, and expectations for, environmental, social and governance initiatives; potential future requirements to collect sales or other taxes; potential future changes in the taxation of international business and corporate tax reform; changes in and application of insurance laws or regulations; conditions in Israel that may affect our operations; the impact of the dual class structure of our ordinary shares; risks associated with our share repurchase program, including the risk that the program could increase volatility and fail to enhance shareholder value; our status as a foreign private issuer; and other risk factors set forth in Item 3.D - "Risk Factors" in our Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the SEC on March 6, 2026, as may be updated in other documents filed with or furnished to the SEC. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. About Riskified Riskified (NYSE: RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world’s biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified’s AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at riskified.com. Reconciliation of GAAP to Non-GAAP Measures The following tables reconcile non-GAAP measures to the most directly comparable GAAP measure and are presented in thousands except for share and per share amounts. View source version on businesswire.com: https://www.businesswire.com/news/home/20260812549759/en/ Contacts Investor Relations: Stephen Shulstein, Head of Investor Relations | [email protected] Corporate Communications: Or Shmueli, Public Relations Manager | [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the strongest revenue growth in four years to an increasingly complex fraud landscape, where agentic tools are accelerating the velocity and sophistication of bad actors. The company is successfully pivoting from point solutions to a unified platform approach, as merchants express a clear preference for integrated identity, checkout, and dispute intelligence. Growth was significantly driven by the Digital Finance category, which grew 180% year-over-year due to rapid onboarding of new merchants in event contracts and gaming. The platform's expansion into non-card payment methods, specifically ACH, has created a 'trust layer' that allows merchants to use low-cost funding instruments with reduced risk. Management highlighted a 50% year-over-year increase in their multi-product merchant base, validating the strategy that integrated signals across the transaction lifecycle improve overall defense. Competitive win rates remained above 75%, which management cites as evidence of platform differentiation against alternative point solutions. A dense global sports calendar, including the World Cup and NBA finals, provided a temporary but significant volume boost to both the ticketing and digital finance verticals. The full-year revenue and adjusted EBITDA guidance was raised for the second time this year, reflecting increased visibility and strong early execution in the second half. Management expects third-quarter revenue growth to accelerate further to approximately 27%, supported by the ramp-up of new merchant go-lives. The Digital Finance category is projected to significantly exceed the company's average growth rate for the remainder of 2026. Gross margins are expected to improve over time as new merchant cohorts, which typically start at lower margins due to initial risk profiles, mature and benefit from machine learning optimizations. The company expects to exceed $40 million in positive free cash flow for 2026 while maintaining a disciplined approach to capital allocation and share repurchases. Operating expenses were impacted by the continued appreciation of the Israeli shekel; on a constant currency basis, OpEx would have been $4.1 million lower. The company reduced its total shares outstanding by 8% in the quarter and 26% since the inception of its buyback program, signaling a commitment to returning capital. Management noted that while fraud sophistication is rising, they remain confident in maintaining Chargeback-to-Value (CPV) ratios through their global data network and AI assistant, ARIA. The transition of customer service toward conversational AI agents is creating new demand for real-time risk scoring within support workflows. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Eido Gal noted a convergence where platform expansion and rising fraud sophistication 'clicked' this quarter, leading to faster conversion of the pipeline into new business. He emphasized that the current environment is driving merchants to seek solutions that can handle higher velocity and more complex fraud MOs than individual merchants can manage alone. Aglika Dotcheva explained that the higher take rate this quarter was an 'output' of the higher risk profile associated with new business in the Digital Finance category. She cautioned that while GMV and revenue growth may continue to diverge, the spread might be slightly lower in the future as the merchant mix stabilizes. The partnership allows Riskified to share risk data with issuers to improve post-authorization approval rates by several percentage points. Management views this primarily as a competitive differentiator that increases merchant win rates and retention rather than a direct revenue-share play. Management is seeing demand for using risk data to improve the 'good customer' experience, such as enabling instant refunds or white-glove service for low-risk identities. This shift is opening conversations with new stakeholders within merchant organizations beyond the traditional fraud department.

Interested in Riskified Ltd.? Here are five stocks we like better. Riskified’s second-quarter revenue rose 22% year over year to $98.7 million, driven by new merchants, upsells and stronger demand for fraud-management tools. Growth was led by Digital Finance, up roughly 180%, and Tickets and Travel, up 23%. The company reported improving profitability and cash generation: adjusted EBITDA increased 84% to $3.9 million, free cash flow reached $12.9 million, and shares outstanding fell 8% following $63.9 million in quarterly buybacks. Riskified raised its 2026 outlook for revenue to $400 million–$410 million and adjusted EBITDA to $33 million–$39 million, while forecasting approximately 27% revenue growth in the third quarter. Riskified (NYSE:RSKD) reported second-quarter revenue growth of 22% year over year to $98.7 million, its fastest growth rate in more than four years, as new merchant activity, upsells and demand for fraud-management tools accelerated. The company also raised its full-year revenue and adjusted EBITDA outlook for the second time this year. Co-founder and Chief Executive Officer Eido Gal said merchants are confronting a more complex fraud environment, including fake identities, account takeovers and fraud across digital wallets, ACH, peer-to-peer payments, tokenized transactions and 3D Secure flows. He said the company sees increased merchant interest in a unified platform rather than separate point solutions for identity, account security, transaction screening, returns and disputes. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat “Fraud keeps growing more complex, and merchants are converging on the unified platform we've spent years building,” Gal said. “That combination is showing up in our results, strong revenue growth, accelerating new business, and a multi-product base that keeps deepening.” Gross merchandise value rose 13% year over year to $41.3 billion. Chief Financial Officer Aglika Dotcheva said revenue growth was broad-based across categories, led by Digital Finance and Tickets and Travel. Digital Finance revenue grew about 180% year over year, driven primarily by multiple newly onboarded merchants in event contracts and gaming, along with upsells among existing clients. Tickets and Travel grew about 23%, accelerating from 18% growth in the first quarter. Ticketing was the primary driver as same-store sales strengthened at large ticketing merchants. Fashion and Luxury grew 4%, supported by new business, upsells and same-store performance. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Gal said a dense live-sports calendar that included the World Cup and NBA Finals lifted transaction volumes in ticketing and in the company’s renamed Digital Finance category. He said the category, previously called money transfer and payments, now encompasses a broader group of merchants. The company also highlighted growth in alternative payment methods. The dollar value of ACH transactions processed during the quarter was approximately 19 times the value processed in the prior-year quarter, according to Gal. Riskified has built an ACH risk layer intended to support instant payouts and reduce risks associated with lower-cost funding methods. → First Solar’s Profit Engine Faces a New Policy Test in Washington Riskified said its multi-product merchant base increased about 50% year over year. Gal said merchants are expanding beyond individual tools and using the company’s identity intelligence across the transaction lifecycle, including customer-service workflows, account restrictions, refunds and customer relationship management systems. The company’s AI assistant, ARIA, continued to gain traction, Gal said. The assistant is embedded across the platform and is designed to help fraud and risk teams investigate activity, identify emerging trends and take action more quickly. New-logo wins were diversified across regions and merchant categories, with five of the company’s top 10 new customers headquartered outside the United States. Riskified added new merchants in all four regions and said its competitive win rate remained above 75% in the second quarter. During the question-and-answer session, Gal said the quarter reflected a convergence of expanded product capabilities and rising fraud sophistication, potentially including effects from agentic tools. He added that newer categories and geographies may initially carry higher chargeback-to-transaction ratios, or CTBs, but that the company expects those cohorts to improve over time. Riskified also discussed its partnership with Marqeta. Gal said the relationship allows the companies to share data and risk information when a card is issued by Marqeta, with the goal of improving authorization rates for merchants. He said Riskified expects the partnership to support merchant conversion, competitive win rates and retention rather than serve as a direct revenue-sharing arrangement. Non-GAAP gross profit increased 13% year over year to $45.4 million, while gross margin was 46%. Dotcheva attributed the margin level to the ramping of new merchants, which typically begin at lower margins, and to business mix that included a larger contribution from ticketing activity. Non-GAAP operating expenses were $41.5 million, or 42% of revenue, compared with 47% of revenue in the prior-year period. Adjusted EBITDA rose 84% to $3.9 million from $2.1 million a year earlier. On a GAAP basis, net loss narrowed 22% to $9.1 million, compared with a $11.6 million loss in the second quarter of 2025. The company said the loss was affected by lower interest income and higher other expense, primarily related to foreign-currency fluctuations. Riskified ended the quarter with approximately $223.6 million in cash, deposits and investments and no debt. Free cash flow totaled $12.9 million in the quarter, and management said it expects to generate more than $40 million of positive free cash flow during 2026. The company repurchased about 13.7 million shares during the quarter at an average price of $4.67 per share, for total consideration of $63.9 million. Riskified said the purchases reduced total shares outstanding by 8%. Since the buyback program began, the company has repurchased about 72 million shares for $351 million, contributing to a 26% reduction in shares outstanding over that period. Riskified raised its full-year revenue forecast to a range of $400 million to $410 million, with a midpoint of $405 million, and said it expects third-quarter revenue growth of approximately 27%. The company also raised its adjusted EBITDA outlook to $33 million to $39 million, compared with its previous range of $28 million to $34 million. The new midpoint implies an adjusted EBITDA margin of about 9%, up from approximately 8% under the prior forecast. Dotcheva said the timing and ramping of new merchant go-lives and upsells, merchant retention and the broader macroeconomic environment remain key factors affecting where results fall within the guidance ranges. Riskified expects full-year gross profit growth of 11% to 14%, with third-quarter gross profit growth similar to the second quarter. Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management. The company's core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Riskified Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Blend Labs (BLND) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.02. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -100.00%. A quarter ago, it was expected that this cloud-based platform for financial companies would post earnings of $0.02 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Blend Labs, which belongs to the Zacks Internet - Software industry, posted revenues of $33.84 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.54%. This compares to year-ago revenues of $31.52 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Blend Labs shares have lost about 33.9% since the beginning of the year versus the S&P 500's gain of 12.8%. While Blend Labs has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Blend Labs was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $33.9 million in revenues for the coming quarter and $0.07 on $128.9 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Riskified (RSKD), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12. This provider of fraud-prevention services is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Riskified's revenues are expected to be $88 million, up 8.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blend Labs, Inc. (BLND) : Free Stock Analysis Report Riskified Ltd. (RSKD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Intapp (INTA) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.89%. A quarter ago, it was expected that this software developer would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of +3.57%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Intapp, which belongs to the Zacks Internet - Software industry, posted revenues of $152.53 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.83%. This compares to year-ago revenues of $135.04 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Intapp shares have lost about 27.1% since the beginning of the year versus the S&P 500's gain of 11%. While Intapp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Intapp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $157.66 million in revenues for the coming quarter and $1.58 on $656.81 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Riskified (RSKD), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12. This provider of fraud-prevention services is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Riskified's revenues are expected to be $88 million, up 8.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intapp, Inc. (INTA) : Free Stock Analysis Report Riskified Ltd. (RSKD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research