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    Ryan SundbyKeefe, Bruyette & Woods

    Ryan Sundby's questions to Riskified Ltd (RSKD) leadership

    Ryan Sundby's questions to Riskified Ltd (RSKD) leadership • Q2 2025

    Question

    Ryan Sundby asked for clarification on the implied second-half revenue guidance, particularly the normalized exit growth rate for Q4, considering lapping customer churn and billing dynamics. He also requested color on the evolving competitive landscape and win rates against next-gen competitors.

    Answer

    CFO Aggie Doceva confirmed that while Q4 revenue growth may not show it due to accounting, the company is on track for a double-digit revenue growth exit rate in 2026 on a billings basis. CEO Idogal addressed competition, stating win rates remain high around 70% as the market narrows. He emphasized that Riskified's global expansion, entry into new verticals, and broadening platform offerings are creating a larger competitive moat.

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