Key Highlights

  • Riskified (NYSE:RSKD) closed up 22.29% on November 11, 2026, after reporting third quarter results before the open.
  • Revenue grew 41% to USD 115.2 million, accelerating from 22% in the second quarter, and adjusted EBITDA rose 47% to USD 8.1 million.
  • The company raised 2026 Revenue guidance to USD 427 million to USD 433 million from USD 400 million to USD 410 million, its third increase this year.
  • Free Cash Flow reached a record USD 15.2 million, and the company holds about USD 235 million of cash and investments with no debt.

Accelerating Growth

Riskified provides Fraud prevention and chargeback protection for online merchants. For years its growth lagged expectations, so the acceleration to 41% revenue growth, from 22% in the second quarter, was the key surprise. Revenue rose to USD 115.2 million from USD 81.9 million, and gross merchandise Volume processed rose 18% to USD 44.6 billion. Growth was led by a new digital finance business, where billings rose more than 300% from a year earlier after new merchants were onboarded in the second quarter, and by an upsell of existing customers. The electronics, general and home verticals grew 12%. Gross Margin was 43% against 50% a year earlier, reflecting the mix of the new offering, but adjusted EBITDA still rose 47% to USD 8.1 million, a 7% margin, and the net loss narrowed to USD 1.3 million from USD 7.8 million. Non-GAAP Earnings were USD 0.07 per share, compared with USD 0.04 a year earlier, and nine-month revenue reached USD 302.1 million.

Guidance and Balance Sheet

Management raised its full year outlook for the third time this year. Revenue is now expected at USD 427 million to USD 433 million, up from USD 400 million to USD 410 million, and adjusted EBITDA at USD 39 million to USD 43 million, up from USD 33 million to USD 39 million. Shares of Riskified (NYSE:RSKD) rose about 20% in early trading and closed 22.29% higher. Free cash flow reached a record USD 15.2 million, and the company held cash, deposits and investments of about USD 235 million with no debt, giving it room to invest and buy back stock. The chief executive said the company delivered 41% revenue growth and was raising its outlook for the third time this year, and the chief financial officer said it has flexibility to invest in growth and deploy Capital opportunistically.

What to Watch

Investors will focus on whether growth is sustainable. The digital finance Business is newer, and its contribution could fade once initial merchant onboarding is complete, while falling gross margins mean that profit growth depends on scale. The company is also adding products, including an identity risk intelligence offering for AI agents and a Partnership with a Customer Service software provider, and eight of its ten largest new customers were outside the United States, which diversifies exposure but adds currency and regulatory complexity. A weaker consumer, higher interest rates, with a December Federal Reserve hike priced, or reduced ecommerce spending could slow volumes. The fourth quarter will test whether the raised outlook is conservative, and margin trends will determine whether faster growth translates into durable profit. The stock's sharp move suggests investors had expected far less, so execution in the next two quarters will be closely judged.

Where Things Stand

Riskified (NYSE:RSKD) rose 22.29% on November 11, 2026 after third quarter revenue grew 41% to USD 115.2 million, adjusted EBITDA rose 47% and 2026 guidance was raised to USD 427 million to USD 433 million. A debt-free Balance Sheet supports investment, but lower gross margin and the sustainability of new business growth are the main questions.