Riskified Ltd. Class A (RSKD)
NYSE:RSKD
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Riskified
(NYSE:RSKD)
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Rating:69Neutral
Price Target:
$5.00
▲(13.38% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by improving financial quality (positive and growing free cash flow and low leverage) and a constructive earnings call (raised guidance and strong adjusted EBITDA leverage). Offsetting factors are the lack of GAAP profitability, valuation limitations from a negative P/E, and only neutral-to-moderate technical momentum.
Positive Factors
Strong and improving free cash flow
Riskified’s sustained positive operating and free cash flow (~$40M TTM) provides durable internal funding for product R&D, go-to-market investments, and continued share repurchases. Reliable cash generation reduces reliance on external financing and supports multi-quarter investment plans even if GAAP profits lag.
Negative Factors
GAAP profitability not yet achieved
Although operating metrics and adjusted EBITDA improved, residual GAAP losses and negative ROE indicate the firm hasn’t fully converted scale into consistent accounting profits. Persistent GAAP losses can constrain certain institutional buyers and limit optionality for dividend or broader capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong and improving free cash flow
Riskified’s sustained positive operating and free cash flow (~$40M TTM) provides durable internal funding for product R&D, go-to-market investments, and continued share repurchases. Reliable cash generation reduces reliance on external financing and supports multi-quarter investment plans even if GAAP profits lag.
Read all positive factors
Riskified (RSKD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$678.62M
Dividend YieldN/A
Average Volume (3M)765.38K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth5.10%
EPS Growth48.36%
CountryUS
Employees652
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.11
Shares Outstanding104,086,660
10 Day Avg. Volume910,997
30 Day Avg. Volume765,375
Financial Highlights & Ratios
PEG Ratio2.84
Price to Book (P/B)2.65
Price to Sales (P/S)2.27
P/FCF Ratio23.67
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.82
Enterprise Value/Gross Profit3.49
Enterprise Value/Ebitda-60.86
Forecast
1Y Price Target
$5.55Price Target Upside25.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.24
Revenue Forecast (FY)$380.20M
Riskified Business Overview & Revenue Model
Company Description
Riskified Ltd. operates an e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers in the United States, Europe, the Middle East, Africa, and internationally. It offers Chargeback Guara...
How the Company Makes Money
Riskified primarily generates revenue by providing its fraud prevention and transaction risk assessment services to merchants, generally structured as fees tied to merchants’ e-commerce activity. A core revenue stream is transaction-based pricing:...
Riskified Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed solid operational momentum: revenue, gross profit and GMV growth; a large improvement in adjusted EBITDA; healthy cash flow and a stronger balance sheet; raised guidance; product expansion (ACH, identity, ARIA) and expanding distribution channels. Offsetting factors include a billing-to-revenue recognition gap, remaining GAAP loss, category concentration (75% of billings in three categories), fashion & luxury softness in APAC, and near-term expense timing that lifts Q2 spend. On balance the positives—especially the large EBITDA leverage, product traction, ACH/alternative payment wins, and guidance raise—outweigh the lowlight risks, though execution and timing remain important for achieving full-year targets.Positive Updates
Revenue and Gross Profit Growth
Q1 revenue of $88.3M, up 7% year-over-year; non-GAAP gross profit of $46.3M, up 13% year-over-year; GMV of $37.2B, up 9% year-over-year.
Negative Updates
Revenue Recognition Timing vs Billings
Billings grew 11% while reported revenue grew 7%, described as one of the widest billings-to-revenue gaps in several years—reflecting timing of guarantee accounting and potential near-term revenue recognition variability.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Gross Profit Growth
Q1 revenue of $88.3M, up 7% year-over-year; non-GAAP gross profit of $46.3M, up 13% year-over-year; GMV of $37.2B, up 9% year-over-year.
Read all positive updates
Company Guidance
Riskified raised the low end of its full‑year 2026 guidance, now expecting revenue of $376–$384 million (midpoint $380M) and adjusted EBITDA of $28–$34 million (midpoint $31M), up from a prior adj. EBITDA low of $26M; it also guides full‑year gross profit growth of 8–12% (midpoint implying ~10% quarterly growth) and expects each quarter to approximate the same percentage of annual revenue as in 2025. The company reiterated ~ $40M of positive free cash flow for 2026 (Q1 FCF was $9M), raised Q2 non‑GAAP operating expense to ~ $43M (Q1 was $40.1M) and expects H2 quarterly op‑expenses of $42–$43M. Q1 operating metrics that underpin the outlook included revenue $88.3M (+7% YoY), GMV $37.2B (+9%), billings +11% (wider than revenue), gross profit $46.3M (+13%), adjusted EBITDA $6.2M (+370% YoY), cash/investments ~$276M, zero debt, and ongoing share repurchases (Q1: 6.2M shares for $27.5M; total repurchases 58.2M shares for $287M, a ~19% reduction in shares outstanding).Riskified Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 350.52M | 344.64M | 327.52M | 297.61M | 261.25M | 229.14M |
| Gross Profit | 182.38M | 175.98M | 170.94M | 152.52M | 135.10M | 122.97M |
| EBITDA | -10.46M | -13.46M | -42.97M | -71.75M | -105.74M | -53.95M |
| Net Income | -18.11M | -27.57M | -34.92M | -59.03M | -104.70M | -179.43M |
Balance Sheet | ||||||
| Total Assets | 374.88M | 410.57M | 495.86M | 601.93M | 606.98M | 600.63M |
| Cash, Cash Equivalents and Short-Term Investments | 276.34M | 297.58M | 376.06M | 474.81M | 475.67M | 503.27M |
| Total Debt | 23.87M | 25.02M | 27.53M | 31.31M | 37.42M | 0.00 |
| Total Liabilities | 102.65M | 115.81M | 113.56M | 110.21M | 112.55M | 71.77M |
| Stockholders Equity | 272.23M | 294.76M | 382.30M | 491.72M | 494.44M | 528.86M |
Cash Flow | ||||||
| Free Cash Flow | 39.79M | 33.07M | 39.06M | 5.92M | -34.26M | -33.78M |
| Operating Cash Flow | 40.58M | 33.88M | 39.70M | 7.28M | -26.25M | -20.28M |
| Investing Cash Flow | -73.26M | -132.85M | 27.75M | 251.56M | -210.01M | -84.44M |
| Financing Cash Flow | -121.03M | -110.66M | -136.82M | -9.31M | 3.85M | 423.19M |
Riskified Technical Analysis
Positive
4.41
Price Trends
4.36
Positive
4.48
Positive
4.63
Positive
Market Momentum
0.10
Positive
58.38
Neutral
49.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RSKD, the sentiment is Positive. The current price of 4.41 is below the 20-day moving average (MA) of 4.65, above the 50-day MA of 4.36, and below the 200-day MA of 4.63, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 49.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RSKD.
Riskified Risk Analysis
Riskified disclosed 64 risk factors in its most recent earnings report. Riskified reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Riskified Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $735.53M | 1.82 | 134.28% | ― | 12.95% | ― | |
69 Neutral | $678.62M | -32.63 | -5.93% | ― | 5.10% | 48.36% | |
69 Neutral | $605.23M | 42.06 | 9.69% | ― | 8.25% | -99.84% | |
67 Neutral | $375.91M | -13.43 | -19.29% | ― | 12.27% | 37.41% | |
67 Neutral | $667.98M | -109.70 | 16.65% | ― | 18.15% | 331.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $409.55M | 1.90 | -108.85% | ― | -11.42% | -20.07% |
* Technology Sector Average
RSKD
Riskified
4.78
-0.22
-4.40%
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8.43
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DSP
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10.76
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BMBL
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3.18
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VTEX
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3.50
-2.85
-44.88%
Riskified Corporate Events
Riskified Lifts 2026 Outlook After Strong First Quarter and Margin Gains
May 13, 2026
On May 13, 2026, Riskified reported first-quarter 2026 results showing a 9% year-on-year increase in gross merchandise volume to $37.2 billion and a 7% rise in revenue to $88.3 million, with GAAP gross profit up 13% and margins improving to 52%. T...
Riskified Completes $4.3 Million Share Buyback from Pitango Funds
Apr 3, 2026
On April 3, 2026, Riskified completed a privately negotiated repurchase of 1,000,000 Class A ordinary shares from funds affiliated with Pitango Venture Capital for $4.26 per share, totaling about $4.3 million. The transaction, executed at a discou...
Riskified Refreshes Board, Adds Fintech Veteran Samer Haj-Yehia as Independent Director
Mar 23, 2026
Riskified announced changes to its board of directors in March 2026, marking a significant refresh of its governance as it scales its AI-powered ecommerce risk platform. On March 17, 2026, longtime director and Nominating and Corporate Governance ...
Riskified to Repurchase 1 Million Shares in Discounted Deal With Pitango
Mar 13, 2026
On March 13, 2026, Riskified Ltd. agreed to a privately negotiated transaction to repurchase 1,000,000 of its Class A ordinary shares from funds affiliated with Pitango Venture Capital for $4.26 per share, or about $4.3 million in total. The price...
Riskified Posts Record Q4 2025, Achieves GAAP Profitability and Expands Share Buyback
Mar 4, 2026
Riskified reported on March 4, 2026 that it closed 2025 with record quarterly gross profit, its first quarter of GAAP profitability and a record year for adjusted EBITDA, as revenue, margins and operating cash flow all improved. The company highli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.