Shares of Riskified (NYSE:RSKD) jumped more than 9% in premarket trading on Wednesday after the company lifted its full-year guidance, even though first-quarter earnings fell short of analyst expectations.
Revenue tops forecasts while earnings disappoint
Riskified reported a first-quarter loss of $0.03 per share for the period ended March 31, missing analyst forecasts for a profit of $0.04 per share.
Revenue reached $88.3 million, slightly ahead of the consensus estimate of $87.9 million and up 7% from $82.4 million in the same quarter last year.
The company also reported gross merchandise volume of $37.2 billion, representing year-on-year growth of 9%.
Company lifts 2026 guidance
Riskified increased its full-year revenue outlook to a range of $376 million to $384 million.
The midpoint of $380 million came in above analyst expectations of $378.8 million.
The company also raised its adjusted EBITDA guidance to between $28 million and $34 million, compared with its previous range of $26 million to $34 million.
The revised midpoint of $31 million represented a $1 million increase from prior guidance.
“What we are building across products, channels, payment methods, and geographies is showing up where it matters: in pipeline growth, high win rates, and an addressable market that we believe continues to expand,” said Eido Gal, chief executive officer of Riskified.
Profitability metrics continue improving
Adjusted EBITDA for the quarter rose to $6.2 million, up 370% from $1.3 million in the same period a year earlier.
Gross profit margin improved to 52% from 49% last year, while free cash flow more than doubled to $9.0 million from $3.6 million.
Aglika Dotcheva, chief financial officer of the company, said Riskified delivered “strong growth toward profitability in the first quarter” while continuing to invest in its technology platform.
Share buybacks continue
During the quarter, Riskified repurchased 6.2 million shares for a total of $27.5 million.
The company said the average repurchase price was $4.44 per share.