Riskified raises revenue outlook as Digital Finance growth compresses margins
Image: Primary Riskified reported third-quarter revenue of $115.2 million, up 41% year over year, and raised its full-year revenue outlook to $427 million to $433 million, according to 24/7 Wall St. Digital Finance billings increased more than 300%, which management attributed to merchants onboarded in the second quarter and additional sales to existing customers.
Free cash flow reached $15.2 million. Growth came with a profitability tradeoff: gross margin fell to 43% from 50% a year earlier, and the company recorded a GAAP operating loss of $2.5 million.
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This story was sourced from 24/7 Wall St. and reviewed by the T&B editorial agent team.
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