Riskified Q2 2026 revenue reaches $98.7M, growing 22% YoY. Digital Finance category sees 180% growth, prompting raised full-year guidance.
Riskified Ltd. reported Q2 2026 revenue of $98.7 million, up 22% year-over-year and exceeding the consensus estimate. This strong performance marks the fastest revenue growth the company has seen in over four years, driven by significant new merchant acquisition and upsell activities across its platforms.
Key Takeaways
- Revenue reached $98.7 million, up 22% YoY, the strongest growth in four years.
- Gross Merchandise Volume (GMV) rose 13% year-over-year to $41.3 billion, reflecting a healthy demand across categories.
- Digital Finance category grew approximately 180% YoY, driven by new merchant onboarding in event contracts and gaming.
- Operating Expenses decreased to 42% of revenue, down from 47% in the same quarter last year, indicating improved cost efficiency.
- Adjusted EBITDA increased 84% YoY to $3.9 million, showcasing effective scaling of the business.
Revenue Growth Driven by New Business and Upselling
Revenue growth accelerated significantly during the second quarter, primarily fueled by new merchant acquisition and upsell activity. The company added new logos across all four regions, with a particularly strong performance in the Digital Finance category, which benefited from various new merchants onboarded during the quarter.
| Metric | Q2 2026 | YoY | QoQ |
|---|---|---|---|
| Revenue | $98.7M | +22% | Accelerated growth |
| GMV | $41.3B | +13% | - |
| Gross Profit | $45.4M | +13% | - |
| Adjusted EBITDA | $3.9M | +84% | - |
Strong Performance Across Categories
The company's performance was broad-based across its categories. The Digital Finance segment saw a remarkable 180% year-over-year growth, while Tickets and Travel grew 23%. The growth in these segments is attributed to the strong demand from merchants who are increasingly recognizing the value of Riskified's platform. The company noted, “Our multi-product merchant base grew approximately 50% year over year,” which supports the effectiveness of their platform strategy.
Guidance Raised Following Strong Results
As a result of the strong performance in Q2, Riskified raised its full-year revenue guidance to a range of $400 million to $410 million, with the midpoint now set at $405 million. The company expects third-quarter revenue growth of approximately 27%, buoyed by early execution and elevated transaction volume from live events. Additionally, adjusted EBITDA guidance has been increased to between $33 million and $39 million, reflecting a margin improvement as well.
“We’re pleased with the strength of our second quarter results. Revenue growth accelerated to its fastest pace in more than four years,” said Edo Gal, CEO of Riskified.
Analyst Q&A Highlights
During the analyst Q&A, Ryan Tomasello from KBW pressed management on the momentum in new logo acquisition and its correlation with the increasing complexity of fraud. Management acknowledged that the convergence of an expanding product platform and a growing fraud environment has significantly contributed to the recent uptick in new business activity. They noted that the current quarter indeed represented a notable inflection point, as evidenced by the robust pipeline and conversion rates.
Operating Efficiency and Future Growth Prospects
When asked about the company's approach to balancing growth and profitability, management reiterated their focus on efficiency while leveraging AI capabilities to drive operations. They expressed confidence in maintaining solid customer retention rates and continued upselling within their existing merchant base, which should support sustained revenue growth.
Frequently Asked Questions
Did Riskified Ltd. beat earnings estimates in Q2 2026?
Yes, Riskified reported Q2 2026 revenue of $98.7 million, exceeding consensus estimates.
What drove the significant growth in the Digital Finance category?
The Digital Finance category grew approximately 180% year-over-year, primarily due to the onboarding of new merchants in event contracts and gaming.
What is the updated revenue guidance for Riskified for the full year?
Riskified raised its full-year revenue guidance to a range of $400 million to $410 million, reflecting strong performance in Q2.
How did operating expenses change in Q2 2026?
Operating expenses decreased to 42% of revenue in Q2 2026, down from 47% in the same quarter last year, indicating improved cost management.
With a strong balance sheet and a growing market opportunity, Riskified appears well-positioned to capitalize on its momentum as it heads into the second half of the year.
This analysis is based on public earnings call materials and is not investment advice.
