Riskified Ltd. Q3 2025 Earnings Recap

Riskified reported a strong turnaround in Q3 2025, achieving 5% growth in non-GAAP gross profit and significant momentum in its money transfer and payments category, setting the stage for a robust finish to the year.

Key Takeaways

• Non-GAAP gross profit improved from a 4% decline in H1 to 5% growth in Q3, signaling a successful execution of strategic initiatives.
• The money transfer and payments category experienced remarkable 100% growth, driven by new business entries and upsells.
• Adjusted EBITDA margin expanded approximately 560 basis points year-over-year, with expectations for a further step up to around 15% in Q4.
• 70% of models have transitioned to autonomous training, enhancing efficiency and scalability while improving performance metrics.
• Consumer spending remains resilient, contributing to a positive outlook for the upcoming holiday season.