RSKD · Riskified Ltd.

Riskified’s Q1 2026 results reflect a material acceleration in operating performance and strategic execution. Revenue growth of 7% YoY to $88.3M was underpinned by broad-based commercial traction: five of the top ten new logos were non-U.S.-headquartered across three verticals; three top deals were ACH-focused, including the largest new logo win—signaling successful expansion beyond card-based fraud prevention into higher-volume, lower-margin payment rails without sacrificing unit economics. Gross profit grew faster than revenue (+13% YoY), and GAAP gross margin expanded 300 bps to 52%, suggesting improved product mix (e.g., higher-margin AI Agent Intelligence and identity integrations) and/or operating leverage in platform delivery. Adjusted EBITDA surged 370% YoY to $6.2M, driven by disciplined expense management and scale benefits, while free cash inflow more than doubled to $9.0M—demonstrating that growth is increasingly self-funding. Management explicitly tied the raised full-year guidance ($376–384M revenue; $28–34M Adjusted EBITDA) to Q1 outperformance and ongoing momentum in pipeline, win rates, and geographic/vertical diversification. The $27.5M share repurchase—executed at an average $4.44 per share—underscores capital allocation discipline amid zero debt and $276.3M in liquidity. Critically, the 50% YoY growth in multi-product merchant adoption confirms platform stickiness and validates the company’s shift from a single-solution vendor to an integrated risk intelligence platform—a structural driver of long-term revenue resilience and margin expansion.