Riskified .(US:RSKD)2025-08-18 10:51Financial Performance - Gross merchandise volume (GMV) for Q2 2025 was $36,434 million, a 4% increase year-over-year, and $70,605 million for the first half of 2025, a 5% increase year-over-year[4] - Revenue for Q2 2025 reached $81,060 million, reflecting a 3% year-over-year increase, and $163,447 million for the first half of 2025, a 5% increase year-over-year[4] - GAAP net loss for Q2 2025 was $(11,633) million, compared to $(9,509) million in Q2 2024, with a net loss margin of (14)%[4] - Adjusted EBITDA for Q2 2025 was $2,134 million, maintaining a margin of 3%[4] - Revenue for Q2 2025 was $81,060,000, a 2% increase from $78,730,000 in Q2 2024[32] - Gross profit for Q2 2025 was $39,750,000, down 3% from $41,002,000 in Q2 2024[32] - Net loss for Q2 2025 was $11,633,000, compared to a net loss of $9,509,000 in Q2 2024, representing a 22% increase in losses[32] - The company anticipates continued margin and Adjusted EBITDA expansion, with expectations for growth in new verticals and geographies[25] - Net profit for Q2 2025 was $(11,633) million, compared to $(9,509) million in Q2 2024, reflecting a decline of approximately 22.3% year-over-year[34] - Adjusted EBITDA for Q2 2025 was $2,134 million, down from $2,340 million in Q2 2024, indicating a decrease of about 8.8%[36] - GAAP gross profit for Q2 2025 was $39,750 million, a decrease of 3.1% from $41,002 million in Q2 2024[36] - Non-GAAP gross profit for Q2 2025 was $40,347 million, compared to $41,648 million in Q2 2024, representing a decline of 3.1%[36] Cash Flow and Assets - Operating cash inflow for Q2 2025 was $5.6 million, up from $4.3 million in the prior year[8] - The company ended Q2 2025 with approximately $339.1 million in cash, deposits, and investments, with zero debt[8] - Cash and cash equivalents decreased to $265,032,000 as of June 30, 2025, down from $371,063,000 as of December 31, 2024[30] - Total assets decreased to $445,488,000 as of June 30, 2025, from $495,861,000 as of December 31, 2024[30] - Total liabilities decreased to $107,063,000 as of June 30, 2025, from $113,557,000 as of December 31, 2024[30] - Cash flows from operating activities for Q2 2025 were $5,592 million, an increase of 29.1% from $4,332 million in Q2 2024[38] - Free Cash Flow for Q2 2025 was $5,340 million, up from $4,108 million in Q2 2024, marking an increase of 29.9%[38] - The net cash used in investing activities for Q2 2025 was $(4,621) million, compared to $(224) million in Q2 2024, indicating a significant increase in cash outflow[34] - The ending cash and cash equivalents for Q2 2025 were $265,032 million, down from $388,694 million at the end of Q2 2024[34] Shareholder Actions - The company repurchased approximately 4.9 million ordinary shares for about $23.3 million during Q2 2025, with an additional $75 million authorized for repurchase[3] Expenses and Costs - Total operating expenses decreased to $52,756,000 in Q2 2025 from $55,197,000 in Q2 2024, a reduction of approximately 8%[32] - GAAP cost of revenue for Q2 2025 was $41,310 million, up from $37,728 million in Q2 2024, reflecting an increase of 9.3%[38] - Research and development expenses for Q2 2025 were $17,167 million, slightly up from $17,079 million in Q2 2024[38] - Share-based compensation expense for Q2 2025 was $12,859 million, a decrease of 14.6% from $15,035 million in Q2 2024[39] - Restructuring costs increased significantly to $1,268 million in Q2 2025 from $94 million in Q2 2024, indicating a rise of over 1,250%[39] - Total depreciation and amortization for Q2 2025 was $875 million, down from $1,255 million in Q2 2024, a decrease of 30.2%[39] Losses and Earnings Per Share - The company reported a comprehensive loss of $10,386,000 for Q2 2025, compared to a comprehensive loss of $9,678,000 in Q2 2024[32] - The weighted-average shares used in computing net loss per share for Q2 2025 was 159,112,218, compared to 173,687,773 for Q2 2024[32] - Non-GAAP net profit for Q2 2025 was $3,507 million, down from $7,026 million in Q2 2024, representing a decrease of about 50%[39] - Non-GAAP net profit per share for Q2 2025 was $0.02, down from $0.04 in Q2 2024, a decline of 50%[39] - Basic and diluted net loss per share for Q2 2025 was $(0.07), compared to $(0.05) in Q2 2024, reflecting a worsening of 40%[39] - Total net loss for the first half of 2025 was $(25,519) million, compared to $(21,139) million in the first half of 2024, indicating a year-over-year increase of approximately 20.5%[39] Strategic Initiatives - The partnership with HUMAN Security aims to enhance AI shopping agent safety, combining both companies' expertise in fraud prevention and risk intelligence[3] - The company launched innovative Agentic ecommerce solutions to advance fraud prevention in the evolving ecommerce landscape[3]