New York, August 12, 2026, 07:38 EDT
- Riskified reported a 22% increase in second-quarter revenue to $98.7 million.
- Full-year revenue forecast raised by $25 million at the midpoint.
- GAAP gross margin decreased by three points to 46%, even as sales accelerated.
Shares of Riskified Ltd. NYSE:RSKD gained 6.8% in premarket trading on Wednesday. The fraud prevention software provider posted a 22% increase in revenue and raised its 2026 guidance for the second consecutive time. The stock was priced at $5.63 as of 06:52 EDT, according to Investing.com.
The speed of growth is significant. Revenue climbed by only 7% during the first quarter. In the second quarter, growth accelerated to its highest rate in over four years.
However, the product mix was less favorable. Gross profit increased by 13%, trailing revenue growth by nine percentage points. The GAAP gross margin declined to 46%, compared to 49% in the same period last year.
| Q2 metric | 2026 | 2025 | Change |
|---|---|---|---|
| Gross merchandise volume | $41.3 billion | $36.4 billion | +13% |
| Revenue | $98.7 million | $81.1 million | +22% |
| GAAP gross profit | $45.0 million | $39.8 million | +13% |
| GAAP gross margin | 46% | 49% | -3 points |
| Adjusted EBITDA | $3.9 million | $2.1 million | +84% |
| Free cash flow | $12.9 million | $5.3 million | +143% |
Riskified released its earnings report on August 12, showing the net loss reduced to $9.1 million from a previous $11.6 million. Non-GAAP diluted earnings held steady at two cents per share.
Eido Gal, Chief Executive and co-founder, stated, “We delivered our strongest revenue growth in over four years.” He attributed this performance to heightened fraud complexity and increased demand for Riskified’s expanded platform. His comments were included in the same company release.
The updated forecast from management sets higher expectations. The revenue midpoint is up 6.6%. The midpoint for adjusted EBITDA climbed 16.1%.
| 2026 guidance | New range | Prior range | Midpoint change |
|---|---|---|---|
| Revenue | $400 million-$410 million | $376 million-$384 million | +$25 million |
| Adjusted EBITDA | $33 million-$39 million | $28 million-$34 million | +$5 million |
| Implied midpoint margin | 8.9% | 8.2% | +0.7 point |
The figures also originate from the official earnings release. Revenue for the first half reached $187.0 million. As a result, the revised midpoint suggests roughly $218.0 million in revenue for the second half.
New customer acquisitions provided the clearest indication. Riskified reported that its success rate in securing deals stayed over 75%. Half of its top ten latest clients were based outside the United States.
| Operating signal | Q2 2026 reading | Investor relevance |
|---|---|---|
| Competitive win rate | Above 75% | Indicates momentum for acquiring new customers |
| ACH dollar value processed | About 19 times prior year | Signals expansion beyond card payments |
| Top ten new logos outside U.S. | Five | Diversifies geographic portfolio |
| Share repurchases | 13.7 million shares for $63.9 million | Cuts the equity pool |
| Cash and investments | $223.6 million | Underpins buybacks and expansion |
| Debt | Zero | Reduces balance-sheet risk |
Riskified reported that ACH payment volume was about 19 times higher than the same period a year earlier. As of the end of June, the company held $223.6 million in cash, deposits and investments, with no outstanding debt. Riskified repurchased 13.7 million shares over the quarter. Full details are provided in the results statement.
The stock’s premarket price is close to the consensus target on Wall Street. Market-tracked forecasts list three buy ratings, two holds, and one sell. The average target stood at $5.65 before analysts assessed these numbers.
| Firm | Recommendation | Price target | Date |
|---|---|---|---|
| Keefe, Bruyette & Woods | Hold | $5.50 | July 13, 2026 |
| DA Davidson | Buy | $6.00 | May 14, 2026 |
| UBS | Hold | $5.00 | March 6, 2026 |
| Truist Securities | Buy | $7.00 | March 4, 2026 |
The recommendation table displays the most recent figures from Investing.com’s analyst page prior to Wednesday’s update. Estimates currently span from $4.75 to $7.00. New adjustments could alter this range.
Risks: The drop of three points in gross margin suggests that increased volume may not translate directly to profit. If transaction mix worsens or fraud expenses rise, meeting the revised EBITDA guidance could be more challenging.
The next challenge is focused. Riskified needs to maintain revenue at its current rate and regain gross-margin leverage. The balance between these factors will determine if the adjusted guidance leads to a sustainable shift in valuation.
Related articles: Earnings
