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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 79M | 3% |
| Gross Profit | 40M | 4.6% |
| Cost of Revenue | 39M | 12.4% |
| Operating expense | 54M | 6.5% |
| Net Income | -9.5M | 18.2% |
| EBITDA | -10M | 30.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 536M | 5.4% |
| Total Liabilities | 101M | 0.6% |
| Total Equity | 435M | 6.7% |
| Shares Outstanding | 174M | 1.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 4.2M | 60.5% |
| Cash from financing | -36M | 23.7% |
EPS
Financial Highlights for Riskified in Q2 '24
Riskified reported a revenue of 79M, which is a 3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 40M, marking a -4.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 39M, a 12.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 54M, showing a -6.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -9.5M, showing a 18.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -10M, showing a 30.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Riskified faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
