Riskified
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Riskified (RSKD) investor relations material

Riskified Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary4 Mar, 2026

Executive summary

  • Achieved record Q4 2025 revenue of $99.3 million and full-year revenue of $344.6–$345 million, up 5–6% year-over-year, with strong new business wins and upsell activity driving growth.

  • Achieved first-ever quarter of GAAP profitability with Q4 2025 net profit of $5.8 million, reflecting business model scalability and disciplined expense management.

  • Non-GAAP gross profit and Adjusted EBITDA both showed significant year-over-year improvement, with Q4 non-GAAP gross profit at $57.3 million and Adjusted EBITDA at $17.7 million (18% margin).

  • Expanded gross profit and Adjusted EBITDA margins, with margin expansion reflecting operational execution.

  • Launched new AI-powered features and expanded merchant base across all verticals and geographies.

Financial highlights

  • Q4 2025 revenue was $99.3 million, up 6% year-over-year; full-year revenue reached $344.6–$345 million, up 5%.

  • Q4 2025 GMV was $46.7 billion, up 18% year-over-year; full-year GMV was $155.1 billion.

  • Q4 GAAP gross profit margin reached 57%; full-year non-GAAP gross profit was $180.3 million (52% margin).

  • Adjusted EBITDA for the full year was $26.7 million (8% margin), up over 55% year-over-year.

  • Ended 2025 with $297.6–$298 million in cash, deposits, and investments, and no debt; full-year free cash flow was $33.1 million.

Outlook and guidance

  • 2026 revenue guidance: $372–$384 million (8–11% growth), with $378 million at the midpoint.

  • Adjusted EBITDA guidance for 2026: $26–$34 million (8% margin at midpoint), including a 400 bps FX headwind.

  • Non-GAAP gross profit growth targeted at 7–12% for 2026, with each quarter near 10% growth at the midpoint.

  • Free cash flow expected to increase at least 20% to ~$40 million in 2026.

  • Weighted average shares outstanding expected to be 148–152 million.

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Frequently asked questions

Riskified Ltd. offers end-to-end e-commerce fraud prevention solutions, including full-service e-commerce fraud prevention, heuristic fraud detection technology platform, and high touch manual review for large accounts. It offers its products to various industries, such as accessories, beauty, electronics and gadgets, fashion and apparel, home goods, watches and jewelry, entertainment, travel and leisure, digital goods and services. The company was incorporated in 2012 and is headquartered in Tel Aviv, Israel.

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