In This Article:
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Revenue: $82.4 million, up 8% year over year.
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GMV (Gross Merchandise Volume): $34.2 billion, reflecting a 7% increase year over year.
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New Product Revenue Growth: Approximately 190% year over year.
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Non-GAAP Gross Profit Margin: Approximately 50% for the first quarter.
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Adjusted EBITDA: Positive $1.3 million, marking the sixth consecutive quarter of positive adjusted EBITDA.
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Free Cash Flow: $26 million for the first quarter.
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Cash, Deposits, and Investments: Approximately $357 million, with zero debt.
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Share Repurchase: 4.1 million shares repurchased for approximately $20.7 million.
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Revenue Guidance for 2025: Between $333 million and $346 million.
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Adjusted EBITDA Guidance for 2025: Between $18 million and $26 million.
Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Riskified Ltd (NYSE:RSKD) reported an 8% year-over-year revenue growth in the first quarter of 2025, driven by successful execution of their global go-to-market strategy.
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The company achieved a 100% renewal rate across its top 20 contracts, with nearly half extending into multiyear agreements.
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New product revenue grew approximately 190% year over year, indicating strong traction of their expanded product portfolio.
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Riskified Ltd (NYSE:RSKD) maintained a strong balance sheet with approximately $357 million in cash, deposits, and investments, and zero debt.
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The company achieved positive adjusted EBITDA of $1.3 million, marking the sixth consecutive quarter of positive adjusted EBITDA.
Negative Points
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The gross profit margin declined year over year, primarily due to the impact of ramping significant new merchants in new categories and geographies.
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There was a 74% year-over-year decline in the home category, contributing to a 5% decline in the United States market.
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The company anticipates a slight moderation in year-over-year growth for its largest categories, travel and fashion, due to ongoing same-store sales pressure.
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Riskified Ltd (NYSE:RSKD) faces uncertainty around potential impacts of tariffs on margins and overall funding activity, which could affect future performance.
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The company expects slightly higher operating expenses in the second quarter compared to the first quarter, which could impact profitability.
Q & A Highlights
Q: How do you view the impact of your product roadmap and multi-year contracts on future growth confidence? A: Eido Gal, CEO, explained that the strong start to the year and pipeline growth are attributed to the platform's wider value proposition and increased touchpoints within organizations. The global go-to-market strategy is paying off with more diversified opportunities and revenue outside the US. Additionally, the rise in sophisticated fraud is an area where Riskified excels, further boosting confidence in future growth.