Riskified Ltd. (NYSE: RSKD) reported first-quarter 2026 revenue of $88.3 million, representing a 7% increase from $82.4 million in the same period last year, according to the company's financial results statement.

The ecommerce fraud prevention company posted a net loss of $4.4 million for the quarter, an improvement from the $13.9 million loss recorded in the first quarter of 2025. Gross profit increased 13% year-over-year to $45.9 million, with gross profit margins expanding to 52% from 49% in the prior year period.

Adjusted EBITDA reached $6.2 million compared to $1.3 million in the first quarter of 2025, representing a 370% increase. The company's adjusted EBITDA margin improved to 7% from 2% in the comparable period.

Gross merchandise volume processed through Riskified's platform totaled $37.2 billion, up 9% from $34.2 billion in the first quarter of 2025. The company ended the quarter with $276.3 million in cash, deposits, and investments with no debt.

During the quarter, Riskified repurchased 6.2 million shares for $27.5 million at an average price of $4.44 per share. The company added merchants across multiple verticals and geographies, with five of its top ten new clients headquartered outside the United States.

For fiscal year 2026, Riskified raised its revenue guidance to between $376 million and $384 million, up from previous projections. The company also increased its adjusted EBITDA outlook to between $28 million and $34 million, compared to the prior range of $26 million to $34 million.

Operating cash flow for the quarter was $9.5 million compared to $3.8 million in the prior year, while free cash flow reached $9.0 million versus $3.6 million in the first quarter of 2025.