Riskified Ltd. Class A ( (RSKD) ) has released its Q4 earnings. Here is a breakdown of the information Riskified Ltd. Class A presented to its investors.
Riskified Ltd., a prominent player in the ecommerce fraud and risk intelligence sector, leverages AI technology to provide fraud prevention solutions for online merchants worldwide. The company recently announced its financial results for the fiscal year 2024, highlighting significant achievements and setting the stage for continued growth in 2025.
In 2024, Riskified exceeded its revenue guidance and achieved a full year of positive adjusted EBITDA, marking a notable milestone in its financial performance. The company expanded its vertical and geographic reach by adding new merchants, particularly in the Fashion & Luxury Goods and Tickets & Travel sectors, which bolstered its competitive position. Additionally, Riskified launched new products like Adaptive Checkout and formed strategic partnerships to enhance its offerings.
Key financial metrics showed a 12% increase in gross merchandise volume and an 11% rise in revenue year-over-year. Despite a net loss of $34.9 million, the company improved its adjusted EBITDA to $17.2 million and reported a positive free cash flow of $39.1 million. Riskified ended the year with $376.1 million in cash and no debt, underscoring its strong financial position.
Riskified’s strategic initiatives, including its share repurchase program and multi-product platform expansion, contributed to its robust performance. The company’s focus on AI-driven solutions and partnerships aims to address the challenges of omnichannel fraud and policy abuse, further solidifying its market presence.
Looking ahead, Riskified anticipates revenue growth between $333 million and $346 million for 2025, with adjusted EBITDA projected to range from $18 million to $26 million. The company remains committed to financial discipline and profitable growth, positioning itself to capitalize on new opportunities in the ecommerce landscape.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com