Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 101

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 5
Chunk 101
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 primarily consist of compensation and benefits related costs, including share-based compensation expense associated with our finance, legal, human resources, information technology and administrative functions. General and administrative costs also consist of third-party professional service fees for external legal, accounting and other consulting services, depreciation expense, and allocated overhead.

Interest Income (Expense), Net

Interest income (expense), net primarily consists of interest earned on our bank deposits, money market funds, and investments.

Other Income (Expense), Net

Other income (expense), net primarily consists of foreign exchange transaction gains and losses, and gains and losses on foreign currency contracts not designated as hedging instruments.

Provision for (Benefit From) Income Taxes

Provision for income taxes consists of income taxes related to Israel, United States (federal and state), China, UK, Australia, and Japan taxes. We maintain a full valuation allowance on our Israeli and U. S. deferred tax assets resulting from carryforward tax losses and other reserves and allowances, as we have concluded that it is not more likely than not that the deferred tax assets will be realized due to our history of operating losses and current uncertainty concerning our ability to realize these deferred tax assets in the foreseeable future. Our effective tax rate is primarily affected by the tax rate in Israel and the United States and the relative amounts of income we earn in those jurisdictions, as well as non-deductible expenses, such as share-based compensation, and changes in our valuation allowance.

A. Operating Results

The following section discusses our financial condition and results of operations for the year ended December 31, 2024 compared to the year ended December 31, 2023. For a discussion of our financial condition and results of operations for the year ended December 31, 2023 compared to the year ended December 31, 2022, refer to Item 5. “ Operating and Financial Review and Prospects" in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the SEC on March 6, 2024.

The following tables set forth selected consolidated statements of operations data and such data as a percentage of total revenue for each of the periods presented:

                                                 Year Ended December 31,                                                                 
                                                 2024                                       2023                    2022                 
                                                 (in thousands)                                                                          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                        $                             327,516      $          297,610      $