Slide 1: Q1 2022 Financial Results Supplemental Slides
Q1 2022 Financial Results Supplemental Slides May 17, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation release may constitute “forward-looking” statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Priv
Slide 3: Key Performance Indicators and Non-GAAP Metrics
Key Performance Indicators and Non-GAAP Metrics This presentation contains key performance indicators including GMV as well as non-GAAP metrics, including Adjusted EBITDA. We define GMV as the gross total dollar value of orders received by our merchants and reviewed through our eCommerce risk managem
Slide 4: Riskified Mission
Riskified Mission Increased sales approval rates To empower by up to 20%1 businesses to realize the full potential of Reduced costs by up to 60%1 eCommerce by making it safe, Eliminate significant customer accessible and friction, power omnichannel frictionless. commerce and open new, global markets 1
Slide 5: We Operate in Massive Markets With Strong Tailwinds
We Operate in Massive ~$6.8 trillion global Markets With Strong eCommerce GMV in 20241 Tailwinds Solving Problems That Touch All eCommerce Orders $4.9 trillion global eCommerce GMV in 20211 Online merchants with more than $75 million in annual online sales make up 85% of eCommerce sales made directl
Slide 6: Riskified Enables Frictionless eCommerce
Riskified Enables Frictionless eCommerce Before Riskified: With Riskified: 3rd Party Data Merchant.com Homegrown Tools & Reporting Registered Guest Merchant.com Successful Sale Customers Customers Require Is This The Authenticated Additional Customer That I Log On Credentials? Think It Is? Successful S
Slide 7: We Increase Merchants' Revenue & Decrease Costs
We Increase Merchants’ Revenue & Decrease Costs Average of Ten 39% Largest Merchants 8% in Sample1 Company A 67% < $5.0 billion 14% Company B 51% < $5.0 billion 32% Company C 65% $5.0 - $10.0 billion 1% Company D 33% < $5.0 billion 6% Company E 57% > $10.0 billion 2% Merchant 50% 0% Online 0% 10% 20
Slide 8: Q1 2022 Business Highlights
Q1 2022 Business Highlights Leveraging diversified base of industries to benefit from reopening trends: Existing merchants started selling significant volumes of airline travel, event tickets and similar products within our ticketing & travel category. As a result, Riskified’s total GMV from ticketing a
Slide 9: Revenue Model Flow Recap
Revenue Model Flow Recap Riskified’s GMV Total eCommerce volume submitted to Riskified for review Transforming GMV into Revenue Approval Rate (%) Varies by merchant based on a variety of inputs, including the Take Rate (%) industry of the merchant, the risk level of the end market, the Take percentage
Slide 10: Q1 2022 Financial Highlights
Q1 2022 Financial Highlights GMV $22.7B Revenue $58.8M Gross Profit $30.4M Adjusted EBITDA $(13.4M)
Slide 11: Outlook
Outlook Reaffirming Financial Outlook for FY22 Current Guidance Revenue $254M - $257M Adjusted EBITDA ($69M) - ($66M) # FY’22 YTD GAAP and Non-GAAP weighted average shares of approximately 166.0M
Slide 12: Investor Relations Contacts
Investor Relations: Chris Mammone, The Blueshirt Group for Riskified ir@riskified.com Corporate Communications: press@riskified.com
Slide 13: Appendix
Appendix
Slide 14: Q1'22 GAAP Financial Results
Q1’22 GAAP Financial Results $ in thousands Q1'22 Q1'21 Revenue 58,845 51,083 Cost of revenue 28,477 22,455 Gross profit 30,368 28,628 Operating expenses: Research and development 18,113 11,694 Sales and marketing 23,129 12,672 General and administrative 21,952 7,611 Total operating expenses 63,194 3
Slide 15: Q1'22 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA
Q1’22 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA $ in thousands Q1'22 Q1'21 GAAP Net profit (loss) (33,264) (43,652) Non-GAAP Adjustments: Share-based compensation expense 18,387 2,549 Payroll taxes related to share-based compensation 13 0 Depreciation and amortization 979 504 Interes