RISKIFIED LTD. (RSKD) SEC Filings & Earnings Calls

GAAP gross margin declined 300 bps YoY to 46% in Q2, indicating potential mix shift or cost pressure.

“GAAP gross profit margin of 46% for the three months ended June 30, 2026 compared to 49% in the prior year.” · word for word

Net loss per share remained at $(0.07), no improvement despite revenue acceleration.

“GAAP net loss per share of $(0.07) for the three months ended June 30, 2026 compared to net loss per share of $(0.07) in the prior year.” · word for word

Affiliated transaction with former board member's fund; governance scrutiny possible.

“Mr. Aaron Mankovski, former board member, is Managing Partner of Pitango; repurchase approved by Audit Committee.”

Repurchase from affiliated fund (Pitango) where a board member is a Managing Partner; potential governance considerations but approved by Audit Committee and Board.

“Mr. Aaron Mankovski, who is a member of the Company’s Board of Directors, is a Managing Partner of Pitango. The Repurchase was approved by the Company’s Audit Committee and Board of Directors.” · word for word

Repurchase conditioned on Israeli regulatory requirements; risk of non-consummation if conditions not met by April 30, 2026.

“Consummation of the Repurchase is conditioned on the satisfaction of certain Israeli regulatory requirements prior to April 30, 2026.” · word for word

Merchant Concentration Risk

“our three largest merchants in the aggregate accounted for 25%, 25%, and 28% of our revenues, respectively.” · word for word

History of Net Losses and Uncertainty of Profitability

“We have not been profitable since our inception in 2012 and have incurred significant net losses in prior years, including net losses of $27.6 million and $34.9 million for the years ended December 31, 2025 and 2024, respectively.” · word for word

Macroeconomic and Geopolitical Sensitivity

“Our business, the ecommerce retail sector, and our merchants’ businesses are sensitive to macroeconomic and geopolitical conditions.” · word for word

Dependence on Key Personnel

“The loss of the services of any of our executive leadership team, including our co-founders, who are also our Chief Executive Officer and Chief Technology Officer, could materially and adversely affect our revenues, our results of operations and financial condition.” · word for word

Regulatory and Compliance Risk (Data Privacy, AI, Trade)

“Compliance with continuously evolving privacy laws and regulations, including laws and regulations governing processing of Personal Information, including payment card data, and our actual or perceived failure to comply with such laws and regulations may result in significant liability, negative publicity, and/or erosion of trust and could have an adverse ef” · word for word

Creditors may object to distribution under Israeli law within 30 days.

“Company’s creditors may apply to the Company and object to the Distribution, within 30 days following its publication.” · word for word

Net loss persists despite improvement; GAAP net loss margin -10%.

“Net loss $(7.8)M in Q3 2025 vs $(9.7)M prior year.”