Slide 1: Q3 2022 Financial Results Supplemental Slides
Q3 2022 Financial Results Supplemental Slides November 9, 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 ~$7.5 trillion global Markets With Strong eCommerce GMV in 20251 Tailwinds Solving Problems That Touch All eCommerce Orders $5.7 trillion global eCommerce GMV in 20221 Online merchants with more than $75 million in annual online sales make up 85% of eCommerce sales made directl
Slide 6: 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 7: 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 8: 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 9: Outlook
Outlook Further Revising Upward our Financial Outlook for Full Year 2022 Current Guidance Updated Guidance Revenue $255M - $258M Revenue $257M - $261M Adjusted EBITDA ($57M) - ($54M) Adjusted EBITDA ($47M) - ($44M) # FY’22 YTD GAAP and Non-GAAP weighted average shares of approximately 167.5 M
Slide 10: Q3 2022 Business Highlights
Q3 2022 Business Highlights Further Strengthened Leadership Position in Tickets & Travel Vertical: Riskified recently onboarded one of the world's largest secondary ticket marketplaces for live sports, concerts, theater, and events. We are reviewing nearly all of this merchant's eCommerce volume, whi
Slide 11: Q3 2022 Financial Highlights
Q3 2022 Financial Highlights GMV $25.3B Revenue(1) $63.2M Gross Profit $32.7M Adjusted EBITDA(2) $(9.2M) (1) A reconciliation of constant currency revenue to its most directly comparable GAAP financial measure, revenue, is provided in the Appendix. (2) A reconciliation of Adjusted EBITDA to it most di
Slide 12: 9M 2022 Financial Highlights
9M 2022 Financial Highlights GMV $73.4B Revenue(1) $181.9M Gross Profit $93.7M Adjusted EBITDA(2) $(36.3M) (1) A reconciliation of constant currency revenue to its most directly comparable GAAP financial measure, revenue, is provided in the Appendix. (2) A reconciliation of Adjusted EBITDA to it most
Slide 13: Investor Relations Contact
Investor Relations: Chett Mandel, Head of Investor Relations ir@riskified.com Corporate Communications: press@riskified.com
Slide 14: Appendix
Appendix
Slide 15: Q3 and 9M 2022 GAAP Financial Results
Q3 and 9M 2022 GAAP Financial Results $ in thousands Q3'22 Q3'21 9M'22 9M'21 Revenue 63,172 52,533 181,949 159,308 Cost of revenue 30,493 28,250 88,296 73,095 Gross profit 32,679 24,283 93,653 86,213 Operating expenses: Research and development 17,452 14,251 53,512 38,384 Sales and marketing 20,534 1
Slide 16: Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA
Q3 and 9M 2022 Reconciliation of GAAP Net Profit (Loss) to Adjusted EBITDA $ in thousands Q3'22 Q3'21 9M'22 9M'21 GAAP Net profit (loss) (25,869) (91,687) (92,161) (155,828) Non GAAP expenses: Share-based compensation expense 15,711 13,176 52,234 18,302 Payroll taxes related to share-based compensatio
Slide 17: Reconciliation of Constant Currency Revenue
Q3 and 9M 2022 Reconciliation of Constant Currency Revenue $ in thousands Q3'22 GAAP Revenue 63,172 Exchange rate effect 1,995 Constant currency revenue 65,167 GAAP revenue for the three months ended September 30, 2021 52,533 GAAP revenue growth 20% Constant currency revenue growth 24% 9M 2022 GAAP R
Slide 18: Investor Relations Contact
Investor Relations: Chett Mandel, Head of Investor Relations ir@riskified.com Corporate Communications: press@riskified.com