Riskified Ltd Financials
Riskified Ltd (RSKD) reported $344.6M in revenue for fiscal year 2025, up 5.2% from the prior fiscal year. This page shows its 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).
Riskified’s business is moving toward self-funding, with stable gross margins and tighter overhead converting growth into cash before GAAP profit.
By FY2025, free cash flow stayed positive at$33.1M even though net income remained negative at-$27.6M , extending the shift from earlier cash burn to internally funded operations. Cash still fell sharply because capital allocation, not operating weakness, became the larger use of funds: the company finished with$162.2M versus$371.1M a year earlier after heavy repurchases and investing outflows.
With gross margin holding near
The balance sheet is still liquid, with a current ratio of 5.0x and total liabilities of only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Riskified Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Riskified Ltd has an operating margin of -9.9%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 30/100. This is up from -14.6% the prior year.
Riskified Ltd's revenue grew 5.2% year-over-year to $344.6M, a solid pace of expansion. This earns a growth score of 59/100.
Riskified Ltd has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 64/100.
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 90/100.
Riskified Ltd has a free cash flow margin of 9.6%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.
Riskified Ltd posts a -9.3% return on equity (ROE), meaning it loses $9 for every $100 of shareholders' equity. This results in a returns score of 35/100. This is down from -9.1% the prior year.
Riskified Ltd scores 3.82, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($779.0M) relative to total liabilities ($115.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Riskified Ltd passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Riskified Ltd reported a net loss of $27.6M while generating $33.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Riskified Ltd generated $344.6M in revenue in fiscal year 2025. This represents an increase of 5.2% from the prior year.
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.
Riskified Ltd reported -$27.6M in net income in fiscal year 2025. This represents an increase of 21.1% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
Riskified Ltd held $162.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
Riskified Ltd invested $69.4M in research and development in fiscal year 2025. This represents an increase of 2.0% from the prior year.
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.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue | $344.6M+5.2% | $327.5M+10.0% | $297.6M+13.9% | $261.2M+14.0% | $229.1M+35.0% | $169.7M+30.0% | $130.6M |
| 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+18.6% | $64.9M |
| Gross Profit | $178.1M+4.2% | $170.9M+12.1% | $152.5M+12.9% | $135.1M+9.9% | $123.0M+32.5% | $92.8M+41.3% | $65.7M |
| 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+46.3% | $25.0M |
| 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+21.8% | $17.9M |
| Operating Income | -$34.0M+28.9% | -$47.9M+37.7% | -$76.8M+29.7% | -$109.3M-95.5% | -$55.9M-721.7% | -$6.8M+50.9% | -$13.9M |
| Income Tax | $6.4M-1.0% | $6.4M+10.7% | $5.8M-4.0% | $6.0M+287.8% | $1.6M+44.9% | $1.1M+126.3% | $475K |
| Net Income | -$27.6M+21.1% | -$34.9M+40.8% | -$59.0M+43.6% | -$104.7M+41.6% | -$179.4M-1481.3% | -$11.3M+20.0% | -$14.2M |
| EPS (Diluted) | N/A | N/A | N/A | $0.62 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Interest Expense.
RSKD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $410.6M-17.2% | $495.9M-17.6% | $601.9M-0.8% | $607.0M+1.1% | $600.6M+232.6% | $180.6M | N/A |
| Current Assets | $355.9M-17.9% | $433.7M-18.5% | $532.3M+0.4% | $529.9M-6.2% | $565.1M+245.6% | $163.5M | N/A |
| Cash & Equivalents | $162.2M-56.3% | $371.1M-15.8% | $440.8M+133.7% | $188.7M-54.9% | $418.1M+303.6% | $103.6M+48.7% | $69.7M |
| Accounts Receivable | $48.5M+1.4% | $47.8M+2.0% | $46.9M+24.9% | $37.5M+5.8% | $35.5M-4.6% | $37.2M | 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 | N/A |
| Current Liabilities | $70.7M+0.3% | $70.5M+1.0% | $69.8M-3.9% | $72.6M+16.3% | $62.4M+20.2% | $51.9M | 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-8.4% | -$40.6M |
| Retained Earnings | -$474.1M-6.2% | -$446.5M-8.5% | -$411.6M-16.7% | -$352.5M-42.2% | -$247.8M-266.2% | -$67.7M | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
RSKD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| 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-181.2% | $3.8M |
| Capital Expenditures | $810K+27.2% | $637K-53.0% | $1.4M-77.9% | $6.1M-50.0% | $12.3M+713.1% | $1.5M-28.7% | $2.1M |
| 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-367.5% | $1.7M |
| 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-687.8% | -$2.2M |
| 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+17.9% | $45.8M |
| Share Buybacks | $106.2M-24.7% | $141.1M+972.4% | $13.2M | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
RSKD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 51.7%-0.5pp | 52.2%+0.9pp | 51.2%-0.5pp | 51.7%-2.0pp | 53.7%-1.0pp | 54.7%+4.4pp | 50.3% |
| Operating Margin | -9.9%+4.7pp | -14.6%+11.2pp | -25.8%+16.0pp | -41.9%-17.5pp | -24.4%-20.4pp | -4.0%+6.6pp | -10.6% |
| Net Margin | -8.0%+2.7pp | -10.7%+9.2pp | -19.8%+20.2pp | -40.1%+38.2pp | -78.3%-71.6pp | -6.7%+4.2pp | -10.9% |
| Return on Equity | -9.3%-0.2pp | -9.1%+2.9pp | -12.0%+9.2pp | -21.2%+12.8pp | -34.0% | N/A | 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% | N/A |
| Current Ratio | 5.03-1.1x | 6.15-1.5x | 7.62+0.3x | 7.30-1.8x | 9.05+5.9x | 3.15 | N/A |
| Debt-to-Equity | 0.39+0.1x | 0.30+0.1x | 0.220.0x | 0.23+0.1x | 0.14 | N/A | N/A |
| FCF Margin | 9.6%-2.3pp | 11.9%+9.9pp | 2.0%+14.4pp | -12.4%+1.8pp | -14.2%-11.5pp | -2.7%-4.1pp | 1.3% |
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Where Riskified Ltd Ranks
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.
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 Altman Z-Score?
Riskified Ltd (RSKD) has an Altman Z-Score of 3.82, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Riskified Ltd's Piotroski F-Score?
Riskified Ltd (RSKD) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $27.6M while generating $33.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.