Riskified Q3 2026 earnings review

Q3 revenue rose 41% to $115.2M, and full-year 2026 revenue guidance was raised to $427M–$433M.

Riskified · Q3 2026 · Published Nov 11, 2026 · By DeepCell AI · Sources

Riskified Q3 2026 earnings review

Quarter ended September 30, 2026

For information only, not investment advice. No rating or price target.

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1 · Riskified (RSKD) Q3 2026 earnings review

Q3 revenue rose 41% to $115.2M, and full-year 2026 revenue guidance was raised to $427M–$433M

  1. 1.Revenue of $115.2M compared with the $103.4M Yahoo Finance consensus
  2. 2.Adjusted EBITDA rose 47% to $8.1M, and non-GAAP diluted EPS was $0.07
  3. 3.Record free cash flow of $15.2M, and about $234.9M of cash with no debt
  4. 4.FY 2026 Adjusted EBITDA guidance was raised to $39M–$43M
  5. 5.Shares were +22.3% at the Nov 11 regular-session close of $10.37

Note: Company-reported year-on-year rates are used in the title and bullets (revenue 41%, Adjusted EBITDA 47%). Midpoints of $430 million and $41 million are stated in the release. Yahoo Finance consensus is dated Nov 11, 2026.Source: Riskified official Q3 2026 press release, Nov 11, 2026; Yahoo Finance, Nov 11, 2026; CNBC, Nov 11, 2026 close

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2 · Executive summary

Q3 revenue was $115.2M and non-GAAP diluted EPS was $0.07, both above the Yahoo Finance consensus (Nov 11, 2026)

Q3 2026 results vs. Yahoo Finance consensus (Nov 11, 2026)

MetricActualConsensusVarianceResult
Q3 revenue$115.2M$103.4M+11.8M / +11.4%Beat
Q3 non-GAAP diluted EPS$0.07$0.03+0.04 / +133.3%Beat

Share price, Nov 10 regular close to Nov 11 regular-session close

Riskified Ltd. (NYSE)Nov 10 closeNov 11 close, 4:10 PM ESTChange ($)Change (%)
RSKD$8.48$10.37+$1.89+22.3%

Both prices are from the CNBC quote page. The Nov 11 figure is the regular-session close. CNBC does not state a reason for the move.

Note: The Yahoo Finance EPS estimate of $0.03 is compared with official non-GAAP diluted EPS of $0.07, because the Yahoo year-ago EPS of $0.04 matches official non-GAAP diluted EPS for Q3 2025. Official GAAP diluted EPS was $(0.01).Source: Riskified official Q3 2026 press release, Nov 11, 2026; Yahoo Finance, Nov 11, 2026; CNBC, Nov 11, 2026 close

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3 · Q3 results vs. consensus

Full-year 2026 revenue is now expected to be $427M–$433M, or $430M at the midpoint, above the Yahoo Finance consensus

Full-year 2026 outlook vs. prior range and Yahoo Finance consensus (Nov 11, 2026)

MetricPrior rangeNew range (midpoint)Yahoo Finance consensus
FY 2026 revenue$400M–$410M$427M–$433M ($430M)$406.7M
FY 2026 Adjusted EBITDA$33M–$39M$39M–$43M ($41M)n.a.

Note: The midpoints of $430 million and $41 million are stated in the release, not calculated by DeepCell. Yahoo Finance full-year 2026 revenue consensus is the Nov 11, 2026 average of 6 analysts. The company did not publish a comparable Street Adjusted EBITDA consensus in the release.Source: Riskified official Q3 2026 press release, Nov 11, 2026; Yahoo Finance, Nov 11, 2026

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4 · Guidance vs. consensus

Revenue rose 41% to $115.2M, while GAAP gross margin narrowed to 43% from 50%

  1. Revenue acceleratedRevenue rose 41% to $115.2M from $81.9M, after 22% growth in the second quarter.
  2. Gross profit rose, margin narrowedGAAP gross profit rose 20% to $49.3M, while GAAP gross margin was 43%.
  3. The net loss narrowedThe GAAP net loss narrowed to $1.3M from $7.8M, and Adjusted EBITDA rose 47% to $8.1M.

Key figures

$M unless notedQ3 2025Q3 2026YoY
Revenue$81.9M$115.2M41%
GAAP gross profit$41.1M$49.3M20%
GAAP gross margin50.2%42.8%(738 bp)
Adjusted EBITDA$5.6M$8.1M47%
GAAP diluted EPS ($)-$0.05-$0.01(80.0%)
Non-GAAP diluted EPS ($)$0.04$0.0775.0%

Note: Company-reported year-on-year rates (41%, 20%, 47%) are shown in the YoY column for revenue, gross profit and Adjusted EBITDA. The gross-margin change in basis points is a DeepCell calculation from the income-statement figures. The 22% second-quarter growth rate is as stated in the release.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

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5 · Q3 key financials

Revenue rose 41% to $115.2M, and GMV rose 18% to $44,564M

Revenue

$M, Q3 2025 vs Q3 2026

v · Q3 2025: $82Mv · Q3 2026: $115MQ3 2025Q3 2026$0M$50M$100M$150M$82M$115M
“We delivered 41% revenue growth and we’re raising our outlook for the third time this year.” Eido Gal, CEO and co-founder

Note: GMV is gross merchandise volume. GMV is the dollar value of orders reviewed, including orders not approved. Reported GMV growth is 18%. Billings in Digital Finance grew more than 300%, and Electronics, General and Home collectively grew 12%.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

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6 · Revenue and GMV

Adjusted EBITDA rose 47% to $8.1M

Adjusted EBITDA

$M, Q3 2025 vs Q3 2026

v · Q3 2025: $5.6Mv · Q3 2026: $8.1MQ3 2025Q3 2026$0M$3M$5M$8M$10M$12M$5.6M$8.1M
The GAAP operating loss narrowed to $2.5M from $9.0M, and share-based compensation fell to $9.7M

Note: Adjusted EBITDA and the 47% year-on-year rate are as reported by the company. The measure excludes interest, taxes, depreciation and amortization, share-based compensation, related payroll taxes, and certain legal and restructuring items, as reconciled in the release.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

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7 · Adjusted EBITDA

GAAP gross margin narrowed to 43% from 50%

Gross margin

Q3 2025 vs Q3 2026

GAAP gross margin · Q3 2025: 50.2%GAAP gross margin · Q3 2026: 42.8%Q3 2025Q3 20260%25%50%75%100%50.2%42.8%
Non-GAAP gross margin was 43%, compared with 51% a year earlier

Note: The release also states GAAP gross margin of 43% and non-GAAP gross margin of 43% for the quarter, versus 50% and 51% a year earlier. Those official rounded rates match the income-statement calculations shown here when rounded to the nearest percent.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

8

8 · Margin analysis

Free cash flow was a record $15.2M, and nine-month treasury share purchases were $94.1M

Free cash flow

$M, Q3 2025 vs Q3 2026

v · Q3 2025: $13.4Mv · Q3 2026: $15.2MQ3 2025Q3 2026$0M$5M$10M$15M$20M$13.4M$15.2M
Operating cash flow was $15.8M. Treasury share purchases in the quarter were $2.3M

Note: Free cash flow is defined by the company as operating cash flow less purchases of property and equipment and capitalized software development costs. The “record” description is the company’s.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

9

9 · Cash flow and returns

Cash, deposits and investments were about $234.9M at Sep 30, 2026, and the company had no debt

  1. Cash rose as investments maturedCash and cash equivalents were $188.9M, short-term deposits were $5.0M, and short-term investments were $41.1M.
  2. Equity declined with buybacksTotal shareholders equity was $213.6M, down from $294.8M at year-end, after $94.1M of treasury share purchases in the nine months.
  3. The company had no debtTotal liabilities were $125.6M, and the release states zero debt.

Balance sheet

$MDec 31, 2025Sep 30, 2026
Cash and cash equivalents$162.2M$188.9M
Cash, deposits and investments$297.6M$234.9M
Total assets$410.6M$339.2M
Total shareholders equity$294.8M$213.6M

Note: The Dec 31, 2025 cash, deposits and investments total is a DeepCell sum of the three balance-sheet lines ($162.2 million + $5.0 million + $130.4 million). The release states the Sep 30, 2026 total as approximately $234.9 million; the same three-line sum is $234.943 million (DeepCell calculation).Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

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10 · Balance sheet and liquidity

Merchant go-lives, gross-margin mix and buyback capacity are the main watch items

Indicator
What to watch
Implication
Latest reading
Timing of merchant go-lives and upsells
The company says these timing items, retention and the macro backdrop will decide where results fall in the new ranges
The new ranges still depend on conversion of the merchant pipeline
FY revenue $427M–$433M
Gross-margin narrowing
GAAP gross margin was 43%, down from 50% a year earlier
Revenue growth is running ahead of gross-profit growth
GAAP gross margin 43%
Capital returns versus cash
Nine-month treasury purchases were $94.1 million, and cash, deposits and investments ended at about $234.9 million
Buybacks can shrink the cash buffer even as free cash flow stays positive
Nine-month buybacks $94.1M

Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

11

11 · Key risks to guidance

12 · Appendix: Income detail

13 · Appendix: Non-GAAP items

14 · Appendix: Outlook ranges

15 · Appendix: Liquidity

Appendix: income statement detail

Revenue and costs

$M unless notedQ3 2025Q3 2026YoY
Revenue$81.9M$115.2M40.7%
Cost of revenue$40.8M$65.9M61.5%
Research and development$17.0M$17.5M2.9%
Sales and marketing$18.6M$19.6M5.5%
General and administrative$14.4M$14.7M1.6%

Earnings

$M unless notedQ3 2025Q3 2026YoY
Operating profit (loss)-$9.0M-$2.5M(72.1%)
Net profit (loss)-$7.8M-$1.3M(83.2%)
Adjusted EBITDA$5.6M$8.1M46.6%
Non-GAAP net profit$6.7M$9.3M39.2%

Note: The YoY column in this appendix uses unrounded income-statement comparisons (DeepCell calculations). Company-reported rounded rates are used on the earlier slides.Source: Riskified official Q3 2026 press release, Nov 11, 2026; analysis of company data

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16 · Appendix: Income statement

Appendix: sources

  • Results release, Q3 2026 (official company press release, Nov 11, 2026) — https://www.businesswire.com/news/home/20261111481301/en/Riskified-Reports-Strong-Third-Quarter-of-2026-with-Accelerating-Revenue-and-Gross-Profit-Growth
  • Investor relations press releases — https://ir.riskified.com/press-releases
  • Quarterly results — https://ir.riskified.com/financial-information/quarterly-results
  • Consensus: Yahoo Finance, Nov 11, 2026 — https://finance.yahoo.com/quote/RSKD/analysis/
  • Share price: CNBC RSKD quote, Nov 10, 2026 regular close $8.48 and Nov 11, 2026 regular-session close $10.37 at 4:10 PM EST — https://www.cnbc.com/quotes/RSKD
  • A Form 6-K for these results had not appeared on EDGAR when the page was built. Company figures are in U.S. dollars. Statement amounts originally in thousands were converted to millions. Non-GAAP figures follow the company’s reconciliation tables.
  • Chart and table values link to the model in the spreadsheet tabs of this file.

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17 · Sources

Important disclosures and disclaimer

For information only. This presentation is provided for information only. It is not investment, legal, tax or accounting advice, and it is not an offer, or a solicitation of an offer, to buy or sell any security.

No recommendation. It carries no rating, price target or buy, sell or hold view, and it was prepared without regard to any reader’s investment objectives, financial situation or needs.

Sources and accuracy. Company figures come from Riskified Ltd.’s official Q3 2026 press release dated November 11, 2026, as posted on the company’s investor-relations site and issued over Business Wire. A Form 6-K had not appeared on EDGAR at the time of writing. Consensus estimates (Yahoo Finance) and share prices (CNBC) are third-party data, credited on the sources page. We have not independently verified third-party data.

Basis of presentation. Figures are GAAP unless labelled non-GAAP or as a key performance indicator, in U.S. dollars, for the quarters ended September 30, 2026 and 2025.

Forward-looking statements. Company commentary, consensus estimates and the watch items in this deck are forward-looking and may not be achieved. Readers should check the figures against the original release.

Date of analysis. Share prices are the CNBC regular-session closes on November 10, 2026 and November 11, 2026.

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18 · Disclosures

Sources

Not investment advice; no rating or price target.

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