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Riskified Achieves Record Quarterly Free Cash Flows; Board Authorizes Additional $75 Million Share Repurchase Program
Riskified (NYSE: RSKD) reported strong Q3 2024 results with significant improvements in financial metrics. Revenue increased 10% year-over-year to $78.8 million, while GMV grew 17% to $34.7 billion. The company achieved record quarterly free cash flow of $13.9 million and improved GAAP gross profit margin to 49%. Notable achievements include winning their largest Policy Protect deal worth $2 million in Annual Contract Value and expanding in the Tickets and Live Events sector. The Board authorized an additional $75 million share repurchase program, with approximately $85 million total authorization outstanding. The company improved its FY 2024 guidance, expecting revenue between $322-327 million and Adjusted EBITDA of $14-20 million.
Riskified (NYSE: RSKD) reported strong Q3 2024 results with significant improvements in financial metrics. Revenue increased 10% year-over-year to $78.8 million, while GMV grew 17% to $34.7 billion. The company achieved record quarterly free cash flow of $13.9 million and improved GAAP gross profit margin to 49%. Notable achievements include winning their largest Policy Protect deal worth $2 million in Annual Contract Value and expanding in the Tickets and Live Events sector. The Board authorized an additional $75 million share repurchase program, with approximately $85 million total authorization outstanding. The company improved its FY 2024 guidance, expecting revenue between $322-327 million and Adjusted EBITDA of $14-20 million.
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