Riskified Ltd Financials

RSKD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Riskified Ltd (RSKD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Riskified Ltd has an operating margin of -9.9%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -14.6% the prior year.

Growth

Riskified Ltd's revenue grew 5.2% year-over-year to $344.6M, a solid pace of expansion. This earns a growth score of 42/100.

Leverage

Riskified Ltd carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.03, Riskified Ltd holds $5.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Riskified Ltd has a free cash flow margin of 9.6%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Riskified Ltd generates a -9.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -9.1% the prior year.

Piotroski F-Score Neutral

4/9

Riskified Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-1.23x

For every $1 of reported earnings, Riskified Ltd generates $-1.23 in operating cash flow ($33.9M OCF vs -$27.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$344.6M

YoY+5.2%

5Y CAGR+15.2%

Riskified Ltd generated $344.6M in revenue in fiscal year 2025. This represents an increase of 5.2% from the prior year.

EBITDA

-$31.6M

YoY+29.1%

Riskified Ltd's EBITDA was -$31.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.1% from the prior year.

Net Income

-$27.6M

YoY+21.1%

Riskified Ltd reported -$27.6M in net income in fiscal year 2025. This represents an increase of 21.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$33.1M

YoY-15.3%

Riskified Ltd generated $33.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 15.3% from the prior year.

Cash & Debt

$162.2M

YoY-56.3%

5Y CAGR+9.4%

Riskified Ltd held $162.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

51.7%

YoY-0.5pp

5Y CAGR-3.0pp

Riskified Ltd's gross margin was 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.

Operating Margin

-9.9%

YoY+4.7pp

5Y CAGR-5.9pp

Riskified Ltd's operating margin was -9.9% in fiscal year 2025, reflecting core business profitability. This is up 4.7 percentage points from the prior year.

Net Margin

-8.0%

YoY+2.7pp

5Y CAGR-1.3pp

Riskified Ltd's net profit margin was -8.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.

Return on Equity

-9.3%

YoY-0.2pp

Riskified Ltd's ROE was -9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$69.4M

YoY+2.0%

5Y CAGR+13.6%

Riskified Ltd invested $69.4M in research and development in fiscal year 2025. This represents an increase of 2.0% from the prior year.

Share Buybacks

$106.2M

YoY-24.7%

Riskified Ltd spent $106.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.7% from the prior year.

Capital Expenditures

$810K

YoY+27.2%

5Y CAGR-11.7%

Riskified Ltd invested $810K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 27.2% from the prior year.

RSKD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$344.6M+5.2%	$327.5M+10.0%	$297.6M+13.9%	$261.2M+14.0%	$229.1M+35.0%	$169.7M
Cost of Revenue	$166.6M+6.4%	$156.6M+7.9%	$145.1M+15.0%	$126.2M+18.8%	$106.2M+38.0%	$76.9M
Gross Profit	$178.1M+4.2%	$170.9M+12.1%	$152.5M+12.9%	$135.1M+9.9%	$123.0M+32.5%	$92.8M
R&D Expenses	$69.4M+2.0%	$68.1M-4.9%	$71.6M-0.6%	$72.0M+30.2%	$55.3M+50.9%	$36.6M
SG&A Expenses	$59.6M-7.4%	$64.3M-7.2%	$69.3M-17.4%	$84.0M+58.8%	$52.9M+142.1%	$21.9M
Operating Income	-$34.0M+28.9%	-$47.9M+37.7%	-$76.8M+29.7%	-$109.3M-95.5%	-$55.9M-721.7%	-$6.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$6.4M-1.0%	$6.4M+10.7%	$5.8M-4.0%	$6.0M+287.8%	$1.6M+44.9%	$1.1M
Net Income	-$27.6M+21.1%	-$34.9M+40.8%	-$59.0M+43.6%	-$104.7M+41.6%	-$179.4M-1481.3%	-$11.3M
EPS (Diluted)	N/A	N/A	N/A	$0.62	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

RSKD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$410.6M-17.2%	$495.9M-17.6%	$601.9M-0.8%	$607.0M+1.1%	$600.6M+232.6%	$180.6M
Current Assets	$355.9M-17.9%	$433.7M-18.5%	$532.3M+0.4%	$529.9M-6.2%	$565.1M+245.6%	$163.5M
Cash & Equivalents	$162.2M-56.3%	$371.1M-15.8%	$440.8M+133.7%	$188.7M-54.9%	$418.1M+303.6%	$103.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$48.5M+1.4%	$47.8M+2.0%	$46.9M+24.9%	$37.5M+5.8%	$35.5M-4.6%	$37.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$115.8M+2.0%	$113.6M+3.0%	$110.2M-2.1%	$112.5M+56.8%	$71.8M-68.0%	$224.6M
Current Liabilities	$70.7M+0.3%	$70.5M+1.0%	$69.8M-3.9%	$72.6M+16.3%	$62.4M+20.2%	$51.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$294.8M-22.9%	$382.3M-22.3%	$491.7M-0.5%	$494.4M-6.3%	$527.6M+1298.3%	-$44.0M
Retained Earnings	-$474.1M-6.2%	-$446.5M-8.5%	-$411.6M-16.7%	-$352.5M-42.2%	-$247.8M-266.2%	-$67.7M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$410.6M-17.2%	$495.9M-17.6%	$601.9M-0.8%	$607.0M+1.1%	$600.6M+232.6%	$180.6M
Current Assets	$355.9M-17.9%	$433.7M-18.5%	$532.3M+0.4%	$529.9M-6.2%	$565.1M+245.6%	$163.5M
Cash & Equivalents	$162.2M-56.3%	$371.1M-15.8%	$440.8M+133.7%	$188.7M-54.9%	$418.1M+303.6%	$103.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$48.5M+1.4%	$47.8M+2.0%	$46.9M+24.9%	$37.5M+5.8%	$35.5M-4.6%	$37.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$115.8M+2.0%	$113.6M+3.0%	$110.2M-2.1%	$112.5M+56.8%	$71.8M-68.0%	$224.6M
Current Liabilities	$70.7M+0.3%	$70.5M+1.0%	$69.8M-3.9%	$72.6M+16.3%	$62.4M+20.2%	$51.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$294.8M-22.9%	$382.3M-22.3%	$491.7M-0.5%	$494.4M-6.3%	$527.6M+1298.3%	-$44.0M
Retained Earnings	-$474.1M-6.2%	-$446.5M-8.5%	-$411.6M-16.7%	-$352.5M-42.2%	-$247.8M-266.2%	-$67.7M

RSKD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$33.9M-14.7%	$39.7M+445.3%	$7.3M+127.7%	-$26.3M-29.5%	-$20.3M-549.9%	-$3.1M
Capital Expenditures	$810K+27.2%	$637K-53.0%	$1.4M-77.9%	$6.1M-50.0%	$12.3M+713.1%	$1.5M
Free Cash Flow	$33.1M-15.3%	$39.1M+559.3%	$5.9M+118.3%	-$32.4M+0.5%	-$32.5M-603.1%	-$4.6M
Investing Cash Flow	-$132.9M-578.7%	$27.8M-89.0%	$251.6M+219.8%	-$210.0M-148.7%	-$84.4M-397.9%	-$17.0M
Financing Cash Flow	-$110.7M+19.1%	-$136.8M-1369.0%	-$9.3M-341.6%	$3.9M-99.1%	$423.2M+683.3%	$54.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$106.2M-24.7%	$141.1M+972.4%	$13.2M	$0	$0	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

RSKD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	51.7%-0.5pp	52.2%+0.9pp	51.2%-0.5pp	51.7%-2.0pp	53.7%-1.0pp	54.7%
Operating Margin	-9.9%+4.7pp	-14.6%+11.2pp	-25.8%+16.0pp	-41.9%-17.5pp	-24.4%-20.4pp	-4.0%
Net Margin	-8.0%+2.7pp	-10.7%+9.2pp	-19.8%+20.2pp	-40.1%+38.2pp	-78.3%-71.6pp	-6.7%
Return on Equity	-9.3%-0.2pp	-9.1%+2.9pp	-12.0%+9.2pp	-21.2%+12.8pp	-34.0%	N/A
Return on Assets	-6.7%+0.3pp	-7.0%+2.8pp	-9.8%+7.4pp	-17.3%+12.6pp	-29.9%-23.6pp	-6.3%
Current Ratio	5.03-1.1	6.15-1.5	7.62+0.3	7.30-1.8	9.05+5.9	3.15
Debt-to-Equity	0.39+0.1	0.30+0.1	0.220.0	0.23+0.1	0.14+5.2	-5.10
FCF Margin	9.6%-2.3pp	11.9%+9.9pp	2.0%+14.4pp	-12.4%+1.8pp	-14.2%-11.5pp	-2.7%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	5.03-1.1	6.15-1.5	7.62+0.3	7.30-1.8	9.05+5.9	3.15
Debt-to-Equity	0.39+0.1	0.30+0.1	0.220.0	0.23+0.1	0.14+5.2	-5.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Riskified Ltd's annual revenue?

Riskified Ltd (RSKD) reported $344.6M in total revenue for fiscal year 2025. This represents a 5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Riskified Ltd's revenue growing?

Riskified Ltd (RSKD) revenue grew by 5.2% year-over-year, from $327.5M to $344.6M in fiscal year 2025.

Is Riskified Ltd profitable?

No, Riskified Ltd (RSKD) reported a net income of -$27.6M in fiscal year 2025, with a net profit margin of -8.0%.

What is Riskified Ltd's EBITDA?

Riskified Ltd (RSKD) had EBITDA of -$31.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Riskified Ltd's gross margin?

Riskified Ltd (RSKD) had a gross margin of 51.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Riskified Ltd's operating margin?

Riskified Ltd (RSKD) had an operating margin of -9.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Riskified Ltd's net profit margin?

Riskified Ltd (RSKD) had a net profit margin of -8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Riskified Ltd's return on equity (ROE)?

Riskified Ltd (RSKD) has a return on equity of -9.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Riskified Ltd's free cash flow?

Riskified Ltd (RSKD) generated $33.1M in free cash flow during fiscal year 2025. This represents a -15.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Riskified Ltd's operating cash flow?

Riskified Ltd (RSKD) generated $33.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Riskified Ltd's total assets?

Riskified Ltd (RSKD) had $410.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Riskified Ltd's capital expenditures?

Riskified Ltd (RSKD) invested $810K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Riskified Ltd spend on research and development?

Riskified Ltd (RSKD) invested $69.4M in research and development during fiscal year 2025.

Does Riskified Ltd buy back shares?

Yes, Riskified Ltd (RSKD) spent $106.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Riskified Ltd's current ratio?

Riskified Ltd (RSKD) had a current ratio of 5.03 as of fiscal year 2025, which is generally considered healthy.

What is Riskified Ltd's debt-to-equity ratio?

Riskified Ltd (RSKD) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Riskified Ltd's return on assets (ROA)?

Riskified Ltd (RSKD) had a return on assets of -6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Riskified Ltd's Piotroski F-Score?

Riskified Ltd (RSKD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Riskified Ltd's earnings high quality?

Riskified Ltd (RSKD) has an earnings quality ratio of -1.23x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Riskified Ltd?

Riskified Ltd (RSKD) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.