Riskified hits five-year high
Riskified's share price surged 10.8% last Thursday, hitting its highest level since late 2021. The Israeli fintech company ended the week with a market cap above $1 billion for the first time in a long while, though no specific report was released to explain the jump. The stock, floated on the NYSE in 2021 at a $3.3 billion valuation, has not returned to that level.
Riskified, the Israeli online fraud prevention company, saw its share price jump 10.8% last Thursday, reaching its highest level since the end of 2021. The stock weakened slightly on Friday, but the company still ended the week with a market cap above $1 billion for the first time in a long time. Riskified, headed by co-founder Eido Gal, was floated on the New York Stock Exchange in 2021 at a valuation of $3.3 billion, a level it has never returned to. The company did not release any report last week that might explain the jump. Investment website Zacks stated that Riskified was enjoying growing demand because fraud incidents are becoming more complicated. In its second quarter financials released last month, Riskified reported its fastest revenue growth in recent years, up 22% to $98.7 million. It posted a net loss of $9.1 million, an improvement over the corresponding quarter, and positive EBITDA of $3.9 million. The company expects 2026 revenue of $400-410 million and EBITDA of $33-39 million, representing mid-point growth of 17.5% in revenue and 34.7% in EBITDA compared with 2025.