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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.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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