Riskified Q2 earnings call highlights. August 12, 2026 Key points. * Riskified's second-quarter revenue rose 22% year over year to $98.7 million, driven by new merchants, upsells and stronger demand for fraud-management tools. Growth was led by Digital Finance, up roughly 180%, and Tickets and Travel, up 23%. * The company reported improving profitability and cash generation: adjusted EBITDA increased 84% to $3.9 million, free cash flow reached $12.9 million, and shares outstanding fell 8% following $63.9 million in quarterly buybacks. * Riskified raised its 2026 outlook for revenue to $400 million-$410 million and adjusted EBITDA to $33 million-$39 million, while forecasting approximately 27% revenue growth in the third quarter. * MarketBeat previews the top five stocks to own by September 1st. Riskified NYSE: RSKD reported second-quarter revenue growth of 22% year over year to $98.7 million, its fastest growth rate in more than four years, as new merchant activity, upsells and demand for fraud-management tools accelerated. The company also raised its full-year revenue and adjusted EBITDA outlook for the second time this year. Co-founder and Chief Executive Officer Eido Gal said merchants are confronting a more complex fraud environment, including fake identities, account takeovers and fraud across digital wallets, ACH, peer-to-peer payments, tokenized transactions and 3D Secure flows. He said the company sees increased merchant interest in a unified platform rather than separate point solutions for identity, account security, transaction screening, returns and disputes. "Fraud keeps growing more complex, and merchants are converging on the unified platform we've spent years building," Gal said. "That combination is showing up in our results, strong revenue growth, accelerating new business, and a multi-product base that keeps deepening." Growth led by Digital Finance, Tickets and Travel. Gross merchandise value rose 13% year over year to $41.3 billion. Chief Financial Officer Aglika Dotcheva said revenue growth was broad-based across categories, led by Digital Finance and Tickets and Travel. * Digital Finance revenue grew about 180% year over year, driven primarily by multiple newly onboarded merchants in event contracts and gaming, along with upsells among existing clients. * Tickets and Travel grew about 23%, accelerating from 18% growth in the first quarter. Ticketing was the primary driver as same-store sales strengthened at large ticketing merchants. * Fashion and Luxury grew 4%, supported by new business, upsells and same-store performance. Gal said a dense live-sports calendar that included the World Cup and NBA Finals lifted transaction volumes in ticketing and in the company's renamed Digital Finance category. He said the category, previously called money transfer and payments, now encompasses a broader group of merchants. The company also highlighted growth in alternative payment methods. The dollar value of ACH transactions processed during the quarter was approximately 19 times the value processed in the prior-year quarter, according to Gal. Riskified has built an ACH risk layer intended to support instant payouts and reduce risks associated with lower-cost funding methods. Platform adoption and new-business momentum. Riskified said its multi-product merchant base increased about 50% year over year. Gal said merchants are expanding beyond individual tools and using the company's identity intelligence across the transaction lifecycle, including customer-service workflows, account restrictions, refunds and customer relationship management systems. Discover more Space stocks report The company's AI assistant, ARIA, continued to gain traction, Gal said. The assistant is embedded across the platform and is designed to help fraud and risk teams investigate activity, identify emerging trends and take action more quickly. New-logo wins were diversified across regions and merchant categories, with five of the company's top 10 new customers headquartered outside the United States. Riskified added new merchants in all four regions and said its competitive win rate remained above 75% in the second quarter. During the question-and-answer session, Gal said the quarter reflected a convergence of expanded product capabilities and rising fraud sophistication, potentially including effects from agentic tools. He added that newer categories and geographies may initially carry higher chargeback-to-transaction ratios, or CTBs, but that the company expects those cohorts to improve over time. Riskified also discussed its partnership with Marqeta. Gal said the relationship allows the companies to share data and risk information when a card is issued by Marqeta, with the goal of improving authorization rates for merchants. He said Riskified expects the partnership to support merchant conversion, competitive win rates and retention rather than serve as a direct revenue-sharing arrangement. Profitability, cash flow and buybacks. Non-GAAP gross profit increased 13% year over year to $45.4 million, while gross margin was 46%. Dotcheva attributed the margin level to the ramping of new merchants, which typically begin at lower margins, and to business mix that included a larger contribution from ticketing activity. Non-GAAP operating expenses were $41.5 million, or 42% of revenue, compared with 47% of revenue in the prior-year period. Adjusted EBITDA rose 84% to $3.9 million from $2.1 million a year earlier. On a GAAP basis, net loss narrowed 22% to $9.1 million, compared with a $11.6 million loss in the second quarter of 2025. The company said the loss was affected by lower interest income and higher other expense, primarily related to foreign-currency fluctuations. Riskified ended the quarter with approximately $223.6 million in cash, deposits and investments and no debt. Free cash flow totaled $12.9 million in the quarter, and management said it expects to generate more than $40 million of positive free cash flow during 2026. The company repurchased about 13.7 million shares during the quarter at an average price of $4.67 per share, for total consideration of $63.9 million. Riskified said the purchases reduced total shares outstanding by 8%. Since the buyback program began, the company has repurchased about 72 million shares for $351 million, contributing to a 26% reduction in shares outstanding over that period. Raised 2026 outlook. Riskified raised its full-year revenue forecast to a range of $400 million to $410 million, with a midpoint of $405 million, and said it expects third-quarter revenue growth of approximately 27%. The company also raised its adjusted EBITDA outlook to $33 million to $39 million, compared with its previous range of $28 million to $34 million. The new midpoint implies an adjusted EBITDA margin of about 9%, up from approximately 8% under the prior forecast. Dotcheva said the timing and ramping of new merchant go-lives and upsells, merchant retention and the broader macroeconomic environment remain key factors affecting where results fall within the guidance ranges. Riskified expects full-year gross profit growth of 11% to 14%, with third-quarter gross profit growth similar to the second quarter. About Riskified (NYSE:RSKD). Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management. The company's core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Riskified, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Riskified wasn't on the list. While Riskified currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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Marqeta has partnered with Riskified to integrate pre-authorisation risk intelligence into its card issuing platform. The collaboration aims to improve fraud detection and authorisation accuracy for issuers using Marqeta's services. The integration is expected to support higher approval rates for legitimate transactions whilst helping reduce false declines for merchants. By incorporating Riskified's fraud prevention tools directly into the authorisation process, Marqeta seeks to provide better risk assessment before transactions are approved. This partnership aligns with ongoing pressure across the payments industry to reduce fraud whilst maintaining fast and reliable checkout experiences. For issuers and merchants, better risk assessment may help approve more valid transactions whilst limiting exposure to fraudulent activity. The integration ties Marqeta's Real-Time Decisioning product more closely to fraud outcomes, potentially influencing how clients assess Marqeta compared with alternatives like Stripe and Adyen.

Toast payment volume up 22% and other digital transactions news briefs from 8/5/26. * Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, and SureStay Hotels, endorsed Toast as a POS system for operators of its properties in the United States and Canada. * Card-issuing platform Marqeta Inc. reported second-quarter processing volume rose 32% year-over-year, to $91 billion, while net revenue climbed 17%, to $176 million. The company swung from a loss of $1 million a year ago to $8 million in net income. Marqeta also announced a partnership with fraud-prevention specialist Riskified that will enable Marqeta issuers to use Riskified's pre-authorization risk assessment service. * With approximately 21 weeks left in retiring Sen. Dick Durbin's term, the Democrat from Illinois and backer of the Credit Card Competition Act, which is currently sitting in the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, continued to argue for the bill during a Senate Judiciary Committee hearing Tuesday. In it, Durbin argued that interchange rates should be disclosed to consumers and that merchants have no choice but to accept the rates. The Merchant Payments Coalition, which represents merchants advocating for lower card processing fees, said the fees are not fair and called for more competition in the payments market. * Point-of-sale system maker NCR Voyix Corp. reported $523 million in second quarter revenue, down 20.8% from $660 million in the year-ago quarter. Net income of $2 million increased from no net income or loss a year prior. * ATM maker and services provider NCR Atleos Corp. reported $1.1 billion in second quarter revenue, flat from the corresponding quarter a year ago. NCR Atleos reported $65 million in net income in the quarter, up 66.7% from $39 million a year ago. * Circle Internet Group Inc. reported June-quarter revenue of $701 million, up 7% year-over-year, while net income registered at $48 million, a swing from a $482 million loss a year ago. USDC - Circle's stablecoin - in circulation reached $73.3 billion at the end of the quarter, up 19% from a year ago. * Nuvei Corp. said its payment acceptance service will be embedded into finance services platform BlackLine, enabling BlackLine users to better manage invoices, payments, and reconciliation. * Varo Bank N.A. launched a fee-free cash deposit service using technology from Green Dot Corp. The service enables Varo Bank's customers to make cash deposits to their accounts at more than 2,000 Kroger grocery store locations.