The strong Q1 beat and raised guidance signal accelerating profitability and operational leverage. Watch for continued margin expansion and GMV growth as key drivers. The $27.5M buyback in Q1 reduces share count and supports EPS. Monitor upcoming quarterly results for sustained revenue acceleration and further guidance raises.
Price Chart
Executive Summary
Riskified reported Q1 2026 results with revenue of $88.3M (+7% YoY), GAAP gross profit of $45.9M (+13% YoY), and a GAAP net loss of $(4.4M) vs. $(13.9M) a year ago. The company raised its full-year revenue guidance midpoint to $380M and Adjusted EBITDA guidance midpoint to $31M, citing strong operational momentum and margin expansion.
Key Facts
- Q1 2026 revenue of $88.3M, up 7% YoY from $82.4M
- GAAP gross profit of $45.9M, up 13% YoY; gross margin expanded to 52% from 49%
- GAAP net loss narrowed to $(4.4M) from $(13.9M); non-GAAP diluted EPS of $0.05 vs $0.03
- Adjusted EBITDA of $6.2M, up 370% from $1.3M; margin expanded to 7% from 2%
- Operating cash flow of $9.5M vs $3.8M; free cash flow of $9.0M vs $3.6M
- Raised FY2026 revenue guidance to $376M-$384M (midpoint $380M) and Adjusted EBITDA to $28M-$34M (midpoint $31M)
- Repurchased 6.2M shares for $27.5M in Q1; $276.3M cash, deposits, and investments with zero debt
- GMV grew 9% YoY to $37.2B; multi-product adoption up ~50% YoY
Financial Impact
Revenue growth of 7% YoY, gross profit up 13%, Adjusted EBITDA up 370% to $6.2M, and guidance raised for both revenue and EBITDA
Risk Factors
- Macroeconomic headwinds could slow merchant go-live timing and GMV growth
- Competitive pressure in ecommerce fraud prevention may compress pricing or market share
- Dependence on new merchant acquisition and platform adoption for sustained growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001851112-26-000015 |
| Document: a6-krskdxq12026.htm | 0001851112-26-000015 |
| Document: 0001851112-26-000015-index-headers.html | 0001851112-26-000015 |
| Document: 0001851112-26-000015-index.html | 0001851112-26-000015 |
| Document: 0001851112-26-000015.txt | 0001851112-26-000015 |
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