Riskified demonstrated strong growth in several new verticals and maintained positive financial metrics, including positive adjusted EBITDA and record free cash flow. However, the loss of a key merchant in the Home category and challenges in the Fashion & Luxury verticals present significant concerns. Overall, the company is executing well on its strategic initiatives despite a competitive and uneven macro environment.

Company Guidance

During the Riskified Q3 2024 earnings call, guidance highlighted several key metrics and strategic initiatives. The company achieved a 10% year-over-year revenue growth for both the third quarter and the first nine months of 2024, with GMV growing by 16% and non-GAAP gross profit growth by 17%. Despite the loss of a significant merchant in the Home category, Riskified expects a robust pipeline for 2025 and has improved its adjusted EBITDA outlook, now anticipating between $14 million and $20 million for the full year. The company also announced a $75 million share buyback authorization, indicating plans to reduce shares outstanding by 10% to 15% annually. Additionally, Riskified saw a notable increase in new business, particularly in the Tickets & Travel vertical, which grew by over 20% in Q3, and achieved a 100% renewal rate across its top 20 contracts up for renewal. A significant upsell in the Policy Protect product line was also mentioned, further emphasizing the company's focus on expanding its product offerings and market presence.

10% Year-Over-Year Revenue Growth

Riskified reported a 10% year-over-year revenue increase for both the third quarter and the first nine months of 2024.

GMV Growth of 16% and Non-GAAP Gross Profit Growth of 17%

The company achieved a 16% growth in GMV and a 17% growth in non-GAAP gross profit, outpacing revenue growth.

Successful Expansion in New Verticals

Key wins in new verticals such as grocery, remittance, and food were highlighted, including a major contract with a grocery merchant reducing fraud costs by 40%.

Strong Performance in Tickets & Travel Vertical

The Tickets & Travel vertical grew over 20% in Q3 due to new business activity and strong performance in live events and summer travel.

Positive Adjusted EBITDA and Record Free Cash Flow

Riskified achieved positive adjusted EBITDA of $0.9 million and record free cash flow of $14 million in Q3.

Share Buyback Program

The company repurchased 8.6 million shares in Q3 and announced an additional $75 million buyback authorization.

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Riskified (RSKD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RSKD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 09, 2021	2021 (Q2)	- / -1.41	-0.082	-1619.51% (-1.33)	―	―
Nov 16, 2021	2021 (Q3)	-0.41 / -0.78	-0.12	-550.00% (-0.66)	―	―
Feb 23, 2022	2021 (Q4)	-0.15 / -0.14	0.049	-385.71% (-0.19)	―	―
May 17, 2022	2022 (Q1)	-0.15 / -0.20	-3.02	93.38% (+2.82)	―	―
Aug 10, 2022	2022 (Q2)	-0.25 / -0.20	-1.41	85.82% (+1.21)	―	―
Nov 09, 2022	2022 (Q3)	-0.23 / -0.15	-0.78	80.77% (+0.63)
Feb 23, 2023	2022 (Q4)	-0.15 / -0.07	-0.14	50.00% (+0.07)
May 17, 2023	2023 (Q1)	-0.15 / -0.10	-0.2	50.00% (+0.10)
Aug 15, 2023	2023 (Q2)	-0.08 / -0.10	-0.2	50.00% (+0.10)
Nov 15, 2023	2023 (Q3)	-0.14 / -0.12	-0.15	20.00% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RSKD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2024	$4.29	$4.56	+6.29%
Aug 14, 2024	$5.96	$4.60	-22.82%
May 15, 2024	$5.36	$6.18	+15.30%
Mar 05, 2024	$4.57	$5.02	+9.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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