Shares of Riskified Ltd. (NYSE: RSKD) surged 5.06% in intraday trading on Wednesday, as the ecommerce fraud prevention company reported better-than-expected first-quarter results and showcased progress in its expansion strategy.

Riskified posted adjusted earnings of $0.03 per share for Q1 2025, surpassing analysts' estimates of $0.01. Revenue for the quarter came in at $82.39 million, beating expectations of $79.23 million and representing a 7.83% increase year-over-year. The company's performance was driven by continued growth through vertical and geographic diversification, with notable wins in the Money Transfer & Payments category and multi-product platform expansion.

Adding to investor optimism, Riskified maintained its full-year 2025 guidance, projecting revenue between $333 million and $346 million, and Adjusted EBITDA between $18 million and $26 million. The company's strong balance sheet, with approximately $357.1 million in cash, deposits, and investments and zero debt, further bolstered confidence in its ability to drive long-term growth and profitability.