Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 98

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 5
Chunk 98
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 expenditures, or future requirements for capital expenditures, or contractual commitments;

• these measures do not reflect changes in, or cash requirements for, our working capital needs;

• these measures do not reflect our tax expense or the cash requirements to pay our taxes; and

• Assets being depreciated and amortized will often have to be replaced in the future and these measures do not reflect any cash requirements for such replacements.

Non-GAAP Gross Profit and Non-GAAP Gross Profit Margin

The following table presents a reconciliation of our gross profit and gross profit margin, the most directly comparable U. S. GAAP measure, to non-GAAP gross profit and non-GAAP gross profit margin for each of the periods presented:

                                                                                         Year Ended December 31,                                                                                       
                                                                                         2024                                                                2023                   2022               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                         (in thousands, except where indicated, unaudited)                                                             
  Revenue                                                                                $                                                      327,516      $         297,610      $         261,247  
  Cost of revenue                                                                                                                               156,577                145,091                126,150  
  Gross Profit                                                                                                                                  170,939                152,519                135,097  
  Share-based compensation expense included within cost of revenue                       765                                                                 770                    621                
  Depreciation and amortization included within cost of revenue                                                                                   1,685                  1,726      880                
  Payroll taxes related to share-based compensation included within cost of revenue      17                                                                  11                     4                  
  Restructuring costs                                                                    156                                                                 —                      —                  
  Non-GAAP Gross Profit                                                                  $                                                      173,562      $         155,026      $         136,602  
  Gross profit margin                                                                    52                                                                  51                     52                 
  Non-GAAP Gross Profit Margin                                                           53                                                                  52                     52                 

Adjusted EBITDA

The following table presents a reconciliation of net profit (loss), the most directly comparable GAAP measure, to adjusted EBITDA for each of the periods presented:

                                                         Year Ended December 31,                                                                     
                                                         2024                                         2023                     2022                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                         (in thousands, unaudited)