Riskified (RSKD) FY Conference June 10, 2025 02:00 PM ET Speaker0 Well, you guys for showing up today. We have the pleasure of having Ito Gao from Riskified. And then for maybe those who don't know Riskified well, can Ito, could you maybe provide just a brief overview of what Riskified does? Speaker1 Sure. So we started by helping merchants manage ecommerce risk, looking at incoming transactions and understanding if they're fraudulent or not. And over the years, we've expanded to also helping them manage th ...

Summary of Riskified (RSKD) FY Conference June 04, 2025 Company Overview - **Company Name**: Riskified - **Founded**: 2013 - **Public Listing**: 2021 - **Core Business**: Provides fraud management solutions for e-commerce, focusing on chargeback guarantee products and expanding into new areas [2][6] Industry Insights - **E-commerce Market Size**: The total addressable market (TAM) for e-commerce is approximately $6 trillion, with Riskified managing over $140 billion in gross merchandise volume (GMV) [17][40] - **Fraud Management Challenge**: E-commerce merchants face significant costs due to chargebacks, averaging around 25 basis points (bps) of revenue, which can be substantial [9][11] Core Product Offerings - **Chargeback Guarantee**: Riskified offers a chargeback guarantee that reduces the cost structure for merchants from an average of 30 bps to 20-25 bps, while also guaranteeing transaction approval rates [14][40] - **Adaptive Checkout**: A product that enhances bank payment authorization rates by sending enriched data to issuing banks, improving overall transaction success [19] - **Policy Protect**: The fastest-growing product with 90% year-over-year growth, aimed at identifying and blocking fraudulent refund requests [20][21][26] - **Chargeback Management Software**: A tool for managing chargebacks, allowing fraud teams to handle disputes efficiently [27] Financial Performance - **Cost Structure**: The cost of chargebacks is the largest component affecting gross margins, which hover around 50% [44] - **Operational Efficiency**: The company has focused on reducing operational expenses (OpEx) while improving profitability, with a flat OpEx forecast for the current year [41] - **Cash Flow**: Strong cash flow generation, with guidance over $30 million for the year [44] Growth Opportunities - **Market Expansion**: Riskified is targeting geographic expansion in regions like APAC and LATAM, with a focus on diversifying into non-discretionary categories [42][49] - **Upselling Potential**: There is significant white space for upselling within existing clients, with 80% of the top 30 clients having at least one upsell [49] - **New Product Development**: Continuous innovation in machine learning and data analytics to enhance product offerings and improve fraud detection capabilities [35][39] Key Metrics and Results - **ROI for Merchants**: On average, top clients experience a 30% reduction in costs and a high single-digit increase in approval rates [17][40] - **Data Capture Advantage**: Riskified's ability to capture extensive data per transaction allows for more accurate fraud detection and tailored solutions for enterprise clients [33] Conclusion Riskified is positioned as a leading player in the e-commerce fraud management space, leveraging machine learning and extensive data capture to provide value to merchants while addressing the significant challenges posed by fraud and chargebacks. The company is focused on expanding its product offerings and geographic reach, aiming for sustained growth and improved profitability in the coming years.

I focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the comp ...

Riskified (RSKD) FY Conference May 20, 2025 01:50 PM ET Speaker0 Alright. Fantastic. Welcome back everyone. And we are here with Ito Gal, chairman and CEO of Riskified. Thank you so much for being here. I appreciate it. Yeah. Speaker1 Thanks for inviting me. Speaker0 And, I think likely most people in room are familiar with with Riskify, but maybe you can give us a a brief overview of the company. Speaker1 We started as an AI solution to help ecommerce merchants manage online payments fraud, and we've expan ...

Riskified (RSKD) FY Conference May 15, 2025 10:40 AM ET Speaker0 Good morning. Good morning. Reggie Smith here. I cover Fintech with JPMorgan and I am excited to interview and catch up with Idel Gao, CEO and founder of Riskified. I guess it's been a year since we've spoken in person. Good to see you again. How are you? Speaker1 Good see you again, Roger as well. Speaker0 Glad you guys made it in okay. I guess always a great place to start is hearing the riskify story, the problem you guys are solving, how y ...

Riskified (RSKD) Q1 2025 Earnings Call May 14, 2025 08:30 AM ET Company Participants Chett Mandel - Head, Investor RelationsEido Gal - Co-Founder and CEOAglika Dotcheva - Chief Financial OfficerConnor Passarella - Equity Research AssociateRyan Tomasello - Managing DirectorTimothy Chiodo - Managing Director Conference Call Participants Cristopher Kennedy - Research Analyst, Financial Services and TechnologyClark Wright - AVP - Research Analyst Operator Good day, and thank you for standing by. Welcome to the ...

Riskified (RSKD) Q1 2025 Earnings Call May 14, 2025 08:30 AM ET Company Participants Chett Mandel - Head, Investor RelationsEido Gal - Co-Founder and CEOAglika Dotcheva - Chief Financial OfficerConnor Passarella - Equity Research AssociateRyan Tomasello - Managing DirectorTimothy Chiodo - Managing Director Conference Call Participants Cristopher Kennedy - Research Analyst, Financial Services and TechnologyClark Wright - AVP - Research Analyst Operator Good day, and thank you for standing by. Welcome to the ...

Financial Data and Key Metrics Changes - The company's GMV for Q1 2025 was $34.2 billion, reflecting a 7% year-over-year increase [12] - Revenue for Q1 2025 was $82.4 million, also up 8% year-over-year [12] - Non-GAAP gross profit margin for Q1 2025 was approximately 50%, with a year-over-year decline attributed to ramping up new merchants in newer categories [16] - Positive adjusted EBITDA of $1.3 million was achieved in Q1 2025, marking the sixth consecutive quarter of positive adjusted EBITDA [18] - The company ended Q1 2025 with approximately $357 million in cash, deposits, and investments, carrying zero debt [18] Business Line Data and Key Metrics Changes - New product revenue growth was up approximately 190% year-over-year, indicating strong traction of the platform [8] - The two largest categories, Tickets and Travel and Fashion and Luxury, each grew in the mid-teens range year-over-year [12] - The money transfer and payments category achieved approximately 90% year-over-year growth in Q1 2025, driven by new merchant activity [13] - The home category contracted by 74% year-over-year, contributing to a 5% decline in the U.S. [14] Market Data and Key Metrics Changes - APAC grew approximately 70% and Outer Americas (Canada and Latin America) grew approximately 13% in Q1 2025, primarily due to new and upsell activity [15] - Eight of the top ten new logos won during Q1 2025 were headquartered outside the U.S., indicating a focus on international growth [11] Company Strategy and Development Direction - The company is focused on expanding its top-of-funnel efforts to generate more pipeline and converting that pipeline into new business [5] - There is a strategic investment in machine learning capabilities to enhance performance for merchants [9] - The company aims to maintain a non-GAAP gross profit margin between 52% to 53.5% for the full year [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumers despite macroeconomic uncertainties [10] - The company maintains its revenue guidance of $333 million to $346 million for 2025, reflecting a balanced view of risks and opportunities [20] - Management noted that the global go-to-market strategy is starting to pay off, with more opportunities diversified outside the U.S. [26] Other Important Information - The company repurchased 4.1 million shares for approximately $20.7 million in Q1 2025, reflecting a commitment to managing dilution [19] - The company expects approximately $30 million of positive free cash flow in 2025, with most cash flow generation anticipated in the second half of the year [19] Q&A Session Summary Question: Impact of product roadmap execution on growth confidence - Management highlighted strong pipeline growth and the effectiveness of their platform in driving new business opportunities [25] Question: Timeline for gross margin stabilization - Management encouraged looking at gross margins on an annual basis, with expectations for improvements as large client wins ramp up [29] Question: Update on mid-tier market strategy - Management indicated that while there is potential in the mid-tier market, current strength is still focused on enterprise-level clients [34] Question: Competitive landscape comparison with Stripe - Management emphasized the advantages of their data capabilities over gateway solutions like Stripe, which have more limited data access [40] Question: Industry growth rate compared to GMV growth - Management noted that their growth in certain categories, like travel, has outperformed broader industry metrics, indicating share gains [44] Question: Growth mix between new logos and existing base - Management indicated that new logo growth is slightly higher than expected, while dollar retention rates remain around 100% [62]

May 2025 Investor Presentation Forward-Looking Statements Free Cash Flow is defined as net cash provided by (used in) operating activities less cash purchases of property and equipment. Free Cash Flow provides useful information to management and investors about the amount of cash generated by the business that can be used for strategic opportunities, including investing in our business and strengthening our balance sheet. Free Cash Flow is limited because it does not represent the residual cash flow availa ...

Group 1 - The article focuses on Riskified Ltd. (NYSE: RSKD), a small-cap tech company based in New York City, which has not been analyzed since early 2023 [1] - The Busted IPO Forum, led by Bret Jensen, targets stocks that have been public for 18 months to 6 years and are significantly below their offering price [1] Group 2 - The article does not provide specific financial metrics or performance data for Riskified Ltd. [1]