Riskified (RSKD) Q2 2026 earnings summary

Executive summary

• Achieved strongest revenue growth in over four years, with Q2 revenue up 22% year-over-year to $98.7 million, accelerating from 7% growth in Q1.

• Adjusted EBITDA for Q2 reached $3.9 million, up 84% year-over-year, reflecting disciplined expense management.

• Share repurchase program reduced total shares outstanding by 26% since inception, with 13.7 million shares repurchased in Q2 for $63.9 million.

• Growth driven by new merchant acquisitions, upsell activity, expanded platform capabilities, and robust new business momentum across geographies and categories.

• Platform expansion included increased adoption of identity intelligence and embedded AI assistant ARIA.

Financial highlights

• Q2 revenue: $98.7 million, up 22% year-over-year; gross profit: $45.0 million; adjusted EBITDA: $3.9 million; gross margin: 46%.

• Q2 GMV reached $41.3 billion, up 13% year-over-year.

• Net loss improved 22% year-over-year to $9.1 million; net loss margin: (9)%.

• Free cash flow in Q2 was $12.9 million; operating cash flow $13.3 million.

• Ended Q2 with $223.6 million in cash, deposits, and investments, and zero debt.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $400–410 million (midpoint $405 million).

• Adjusted EBITDA guidance increased to $33–39 million (midpoint $36 million), with margin at 9%.

• Free cash flow for 2026 expected to exceed $40 million.

• Guidance reflects strong Q2 performance and ongoing business momentum.

• Non-GAAP weighted average diluted shares projected at 143–145 million.