RSKD: When fraudsters work overtime and Riskified profits from iRiskified Ltd. Class ABATS:RSKDTotoshkaTradesWhile most investors debate artificial intelligence, Riskified(RSKD) is already using it where mistakes cost real money. The company helps the world's largest online retailers distinguish genuine buyers from fraudsters, analyzing billions of dollars in transactions in real time. The bigger e-commerce gets, the more expensive every mistake becomes. Fundamentals The latest quarter showed the business continues to gain momentum. Revenue grew 7 percent year over year to 88.3 million dollars, while gross merchandise volume (GMV) reached 37.2 billion dollars, up 9 percent. Billings growth outpaced revenue growth, typically indicating sustained positive momentum in coming quarters. Profitability looks particularly compelling. Non-GAAP gross profit rose to 46.3 million dollars with a margin of 52.5 percent. Adjusted EBITDA surged 370 percent to 6.2 million dollars, while earnings per share came in at 0.05 dollars, beating market expectations. The balance sheet holds 276.3 million dollars in cash and investments with virtually no debt. Free cash flow for the quarter was 9 million dollars. Management is so confident in the business outlook that it continues aggressive share buybacks. In the first quarter alone, 6.2 million shares were repurchased for 27.5 million dollars at an average price of 4.44 dollars. In June, the board additionally approved 75 million dollars for the buyback program. When a company actively buys its own shares, it usually signals that leadership considers the current valuation attractive. Riskified continues to expand its product ecosystem. In the first quarter, it launched ARIA, an AI-powered risk intelligence analyst that enables clients to get plain-language explanations of suspicious transactions without diving into complex analytics. The company also strengthened its integration with Shopify through Dispute Resolve and expanded collaboration with travel giant Amadeus via the Outpayce platform. The quality of the customer base deserves special attention. The number of merchants using more than one Riskified product grew 50 percent year over year, and their contribution now exceeds 30 percent of total revenue. This is an important metric, as expanding existing customers is typically significantly cheaper than acquiring new ones. Technicals On the weekly chart, price broke out of a descending wedge that had been containing quotes and successfully completed a retest of the breakout zone. The stock is now holding above key moving averages, confirming a shift in the medium-term market structure. Yesterday's close, June 15, was 4.95 dollars. Rising volume after the breakout shows institutional participation, while trend indicators remain bullish. As long as price stays above the retest zone, the primary scenario remains continuation toward the 7.50 dollar area, which is the next major target for buyers. The market still values Riskified as a small fintech company, but the numbers are starting to tell a different story. The company is already generating profit, building cash flow, actively buying back shares, and expanding its presence in the fast-growing AI payments protection segment. Sometimes the most interesting stories begin not when everyone is talking about them, but when most haven't yet noticed that the business has already started operating more efficiently. And if fraudsters aren't planning to leave the internet, Riskified's workload will only grow.