Q1 2026 Riskified Ltd Earnings Call Transcript
Key Points
- Riskified Ltd (RSKD) reported a 13% year-over-year increase in non-GAAP gross profit, reaching $46.3 million.
- The company achieved a 370% increase in adjusted EBITDA, amounting to $6.2 million, compared to the previous year.
- Riskified Ltd (RSKD) saw substantial pipeline growth, particularly in the US, Japan, and Latin America, contributing to new business opportunities.
- The company maintained competitive win rates above 75%, demonstrating the strength and differentiation of its platform.
- Riskified Ltd (RSKD) expanded its product offerings, including a new stand-alone identity data product, enhancing its addressable market and merchant engagement.
- The fashion and luxury vertical experienced softness, particularly in the APAC region, due to strong prior year comparables.
- Despite revenue growth, the gap between billings and revenue growth was among the widest seen in several years, indicating timing issues in revenue recognition.
- The company reported a GAAP net loss of $4.4 million for the first quarter of 2026, although this was an improvement from the previous year.
- Riskified Ltd (RSKD) faces challenges in expanding beyond traditional fraud departments to unlock new budgets within organizations.
- The company is still in the early stages of monetizing new product enhancements like ARIA and the identity database risk scoring tool, with future revenue contributions yet to be fully realized.
Ladies and gentlemen, thank you for standing by, and welcome to Riskified first quarter 2026 earnings call. (Operator Instructions) Please be advised that, today's conference is being recorded. I would like now to turn the conference over to [Cody Slach], Investor Relations for Riskified. Please go ahead.
Good morning, and thank you for joining us today. We are hosting today's call to discuss Riskified's financial results for the first quarter of 2026. Participating on today's call are Eido Gal, Riskified's Co-Founder and Chief Executive Officer; and Aglika Dotcheva, Riskified's Chief Financial Officer. We released our results for the first quarter of 2026 earlier today. Our earnings materials, including a replay of today's webcast will be available on our Investor Relations website at ir.riskified.com.
Certain statements made on the call today will be forward-looking statements related to, without limitation, our operating performance, business and financial goals, outlook as to revenues, gross profit, pipeline generation,
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