Riskified .(US:RSKD)2025-11-12 11:54Financial Performance - Gross merchandise volume (GMV) for Q3 2025 reached $37,805 million, a 9% increase year-over-year[4] - Revenue for Q3 2025 was $81,862 million, reflecting a 4% year-over-year growth[4] - GAAP gross profit for Q3 2025 was $41,063 million, with a gross profit margin of 50%[4] - Adjusted EBITDA for Q3 2025 was $5,553 million, representing an adjusted EBITDA margin of 7%[4] - Revenue for Q3 2025 was $81.862 million, a 3.8% increase from $78.849 million in Q3 2024[31] - Gross profit for Q3 2025 was $41.063 million, compared to $38.956 million in Q3 2024, reflecting a gross profit margin improvement[31] - Adjusted EBITDA for Q3 2025 was $5,553 million, up from $899 million in Q3 2024, with an adjusted EBITDA margin of 7% compared to 1% in the prior year[36] - Non-GAAP gross profit for Q3 2025 was $41,531 million, an increase from $39,561 million in Q3 2024, resulting in a non-GAAP gross profit margin of 51% compared to 50% in the previous year[36] - Net profit for Q3 2025 was $(7,806) million, an improvement from $(9,699) million in Q3 2024, while the net profit for the nine months ended September 30, 2025, was $(33,325) million compared to $(30,838) million in the same period of 2024[34] - Non-GAAP net profit for Q3 2025 was $6.698 million, up from $5.530 million in Q3 2024, representing a 21% increase[39] Cash Flow and Liquidity - Operating cash inflow for Q3 2025 was $13.5 million, compared to $14.0 million in the prior year[7] - The company ended Q3 2025 with approximately $325.2 million in cash, deposits, and investments, with zero debt[7] - Cash and cash equivalents as of September 30, 2025, were $228.845 million, down from $371.063 million as of December 31, 2024[29] - The company experienced a net cash decrease of $(36,187) million in Q3 2025, compared to a decrease of $(32,296) million in Q3 2024[34] - The company’s cash and cash equivalents at the end of Q3 2025 were $228,845 million, down from $356,398 million at the end of Q3 2024[34] Expenses and Cost Management - Operating expenses decreased to $50.014 million in Q3 2025 from $53.286 million in Q3 2024, indicating a cost management strategy[31] - Research and development expenses for Q3 2025 were $17,006 million, up from $16,671 million in Q3 2024, reflecting ongoing investment in innovation[38] - The company reported a GAAP cost of revenue of $40,799 million for Q3 2025, compared to $39,893 million in Q3 2024, indicating a year-over-year increase[38] - Share-based compensation expenses of $12,945 million in Q3 2025, slightly down from $13,905 million in Q3 2024[36] - Restructuring costs for Q3 2025 amounted to $585,000, while there were no such costs reported in Q3 2024[39] Assets and Liabilities - Total assets decreased to $421.697 million as of September 30, 2025, from $495.861 million as of December 31, 2024[29] - Total liabilities were $105.401 million as of September 30, 2025, compared to $113.557 million as of December 31, 2024, showing a reduction in liabilities[29] - Shareholders' equity decreased to $316.296 million as of September 30, 2025, from $382.304 million as of December 31, 2024[29] Market and Strategic Initiatives - The Money Transfer and Payments category achieved 100% year-over-year revenue growth, with plans to double absolute dollar revenues for FY 2025[3] - The company aims to expand its market share and improve its AI-powered platform to enhance customer retention and reduce fraud[26] - Total attendance at the Ascend 2025 events increased by 73%, with over $1 trillion in merchant ecommerce volume represented[3] Taxation - The company reported a provision for income taxes of $1,801 million for Q3 2025, compared to $639 million in Q3 2024, indicating a significant increase in tax obligations[36] Share Performance - Basic and diluted net loss per share for Q3 2025 was $(0.05), an improvement from $(0.06) in Q3 2024[39] - Non-GAAP net profit per share for Q3 2025 was $0.04, compared to $0.03 in Q3 2024, reflecting a 33% increase[39] - Weighted-average shares used in computing net profit per share for Q3 2025 were 156,793,171, compared to 168,649,496 in Q3 2024[39]