Latest Ratios: P/E Ratio -29.2x · EV/EBITDA N/A · ROE -8.1%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $808M | $783M | $808M | $827M | $775M | $601M | — | — |
| Enterprise Value | $671M | $645M | $465M | $418M | $623M | $183M | — | — |
| P/E Ratio → | -29.17 | — | — | — | — | — | — | — |
| P/S Ratio | 2.35 | 2.27 | 2.47 | 2.78 | 2.97 | 2.62 | — | — |
| P/B Ratio | 2.80 | 2.65 | 2.11 | 1.68 | 1.57 | 1.14 | — | — |
| P/FCF | 24.44 | 23.67 | 20.70 | 139.65 | — | — | — | — |
| P/OCF | 23.85 | 23.10 | 20.36 | 113.66 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.87 | 1.42 | 1.40 | 2.39 | 0.80 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 19.52 | 11.90 | 70.52 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.1% | 51.1% | 52.2% | 51.2% | 51.7% | 53.7% | 54.7% | 50.3% |
| Operating Margin | -8.4% | -8.4% | -14.6% | -25.8% | -41.9% | -24.4% | -4.0% | -10.6% |
| Net Profit Margin | -8.0% | -8.0% | -10.7% | -19.8% | -40.1% | -78.3% | -6.7% | -10.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -8.1% | -8.1% | -8.0% | -12.0% | -20.5% | -54.9% | -11.9% | -21.9% |
| ROA | -6.1% | -6.1% | -6.4% | -9.8% | -17.3% | -45.9% | -7.8% | -12.9% |
| ROIC | -22.2% | -22.2% | -59.3% | -27.1% | -36.1% | -63.4% | -74.1% | — |
| ROCE | -7.6% | -7.6% | -10.0% | -14.4% | -20.4% | -16.8% | -6.8% | -19.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.07 | 0.06 | 0.08 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.47 | -0.90 | -0.83 | -0.31 | -0.79 | -0.83 | -1.12 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -4.15 | -8.80 | -69.13 | — | — | — | -55.46 |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($162M) exceeds total debt ($25M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.03 | 5.03 | 6.15 | 7.62 | 7.30 | 9.05 | 3.15 | 2.70 |
| Quick Ratio | 5.03 | 5.03 | 6.15 | 7.62 | 7.30 | 9.05 | 3.15 | 2.70 |
| Cash Ratio | 4.21 | 4.21 | 5.33 | 6.80 | 6.55 | 8.06 | 2.27 | 1.95 |
| Asset Turnover | — | 0.84 | 0.66 | 0.49 | 0.43 | 0.38 | 0.94 | 1.19 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 51.32 | 53.27 | 57.50 | 52.46 | 56.51 | 79.98 | 70.49 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 4.1% | 4.2% | 4.8% | 0.7% | — | — | — | — |
| Buyback Yield | 13.1% | 13.6% | 17.5% | 1.6% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 13.1% | 13.6% | 17.5% | 1.6% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $157M | $171M | $177M | $168M | $76M | $89M | $89M |
Geopolitical and Model Accuracy
Based on reported figures, Riskified trades at a P/S multiple of 2.26, which, when paired with a forward P/E of 20.87, suggests that the market is pricing the firm as a mature service provider rather than a high-growth software platform, reflecting significant skepticism regarding future scalability.
The absence of a meaningful PEG ratio and the negative TTM P/E highlight the market's difficulty in valuing a business that has yet to demonstrate consistent GAAP profitability. Investors should monitor whether the forward P/E multiple remains supported by earnings growth or if the valuation compresses further as revenue growth continues to decelerate.
According to recent financial statements, Riskified's ROIC has fluctuated significantly, reaching a low of -18.6% in 2025Q1 before recovering to -2.8% in 2026Q1, indicating that the company has struggled to generate positive returns on its invested capital throughout its recent operational history.
The persistent negative ROIC suggests that the company's core business model is currently destroying value rather than compounding it. This trend warrants further investigation into whether the firm can achieve the necessary scale to turn its return profile positive or if the underlying cost structure is fundamentally incompatible with high capital efficiency.
As reported in quarterly filings, Riskified's asset turnover has remained consistently low, hovering between 0.13 and 0.24 over the last ten quarters, which suggests that the company's asset base is not being utilized efficiently to drive top-line revenue growth in its current transactional model.
The relatively stable DSO, which has fluctuated between 36 and 48 days, indicates that while the company maintains reasonable control over its receivables, the overall efficiency of the business is hampered by its inability to generate higher revenue per dollar of assets. This lack of asset velocity may indicate that the platform requires significant overhead to support its transaction-based revenue stream.
Based on the most recent quarterly data, Riskified maintains a current ratio of 5.55, providing a substantial liquidity buffer that appears more than adequate to cover short-term obligations, even as the company navigates a period of decelerating revenue growth and persistent operational losses.
The high current ratio is a testament to the company's conservative balance sheet management, which serves as a critical safety net given the inherent volatility of its chargeback-heavy business model. Investors should monitor whether this liquidity is preserved for strategic pivots or if it continues to be depleted by share repurchases.
The most commonly misapplied metric for Riskified is the standard SaaS-based P/S multiple, which obscures the fact that the company's gross margins are structurally capped by the variable cost of chargeback payouts, unlike pure-play software firms that enjoy high-margin, recurring subscription revenue.
Analysts should instead focus on the 'Take Rate' and 'Chargeback-to-Revenue' ratio to assess the true earning power of the platform. Relying on traditional SaaS valuation multiples may lead to an overestimation of the company's long-term margin expansion potential, as the business model is fundamentally tied to the financial risk of the transactions it processes.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RSKD stock.
Riskified Ltd.'s current P/E ratio is -29.2x. This places it at the 50th percentile of its historical range.
Riskified Ltd.'s return on equity (ROE) is -8.1%. The historical average is -19.6%.
Based on historical data, Riskified Ltd. is trading at a P/E of -29.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Riskified Ltd. has 51.1% gross margin and -8.4% operating margin.