Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 104

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 5
Chunk 104
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,013)      (7)       

The decrease in general and administrative expenses of $5.0 million was primarily attributable to a decrease of $5.6 million in payroll and related costs including a decrease of $3.6 million in share-based compensation expense primarily driven by reductions in headcount and equity awards granted to our Chief Executive Officer, including the Multi-Year Award. For further information on the Multi-Year Award, see Item 6. B. "Compensation". There was also a decrease of $1.1 million in overhead costs driven by reductions in leased office space.

These decreases were partially offset by a $1.7 million increase in other general and administrative expenses such as travel, software, and taxes.

Interest Income (Expense), Net

                                      Year Ended December 31,                                                                             
                                      2024                                     2023                  $ Change                   % Change  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                      (dollars in thousands)                                                                              
  Interest income (expense), net      $                            20,167      $         22,775      $             (2,608)      (11)      

Interest income (expense), net decreased by $2.6 million, or (11)%, primarily due to decreases in global interest rates and a reduction in cash on hand due to our share repurchase program.

Other Income (Expense), Net

                                   Year Ended December 31,                                                                         
                                   2024                                    2023               $ Change                   % Change  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                   (dollars in thousands)                                                                          
  Other income (expense), net      $                            (818)      $         837      $             (1,655)      (198)     

Other income (expense), net decreased by $1.7 million primarily due to an increase of $1.9 million in losses from foreign currency transactions, partially offset by an increase of $0.7 million in net gains on non-designated hedging transactions. The increase in losses from foreign currency transactions and gains on non-designated hedging transactions are primarily due to movements in exchange rates

between the U. S. Dollar, the Israeli Shekel, and the Euro. The remaining net decrease was driven by individually immaterial items.

Provision for (Benefit from) Income Taxes

                                                 Year Ended December 31,                                                                       
                                                 2024                                    2023                 $ Change