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Side-by-side financial comparison of RISKIFIED LTD. (RSKD) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

RISKIFIED LTD. is the larger business by last-quarter revenue ($234.0M vs $217.5M, roughly 1.1× Tilray Brands, Inc.). RISKIFIED LTD. runs the higher net margin — -13.2% vs -20.7%, a 7.5% gap on every dollar of revenue.

Riskified is a publicly traded software company headquartered in Tel Aviv, Israel, with additional offices in New York City. The company provides software-as-a-service (SaaS) solutions focused on fraud prevention, chargeback management, and risk intelligence for e-commerce merchants.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

RSKD vs TLRY — Head-to-Head

Bigger by revenue
RSKD
RSKD
1.1× larger
RSKD
$234.0M
$217.5M
TLRY
Higher net margin
RSKD
RSKD
7.5% more per $
RSKD
-13.2%
-20.7%
TLRY

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
RSKD
RSKD
TLRY
TLRY
Revenue
$234.0M
$217.5M
Net Profit
$-30.8M
$-44.9M
Gross Margin
52.2%
26.4%
Operating Margin
-19.0%
-10.2%
Net Margin
-13.2%
-20.7%
Revenue YoY
3.1%
Net Profit YoY
47.4%
EPS (diluted)
$-0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RSKD
RSKD
TLRY
TLRY
Q4 25
$217.5M
Q3 25
$234.0M
$209.5M
Q2 25
$155.1M
$224.5M
Q1 25
$76.4M
$185.8M
Q4 24
$210.9M
Q3 24
$213.5M
$200.0M
Q2 24
$141.7M
$229.9M
Q1 24
$68.9M
$188.3M
Net Profit
RSKD
RSKD
TLRY
TLRY
Q4 25
$-44.9M
Q3 25
$-30.8M
$-322.0K
Q2 25
$-21.1M
$-1.3B
Q1 25
$-11.6M
$-789.4M
Q4 24
$-85.3M
Q3 24
$-55.8M
$-39.2M
Q2 24
$-34.8M
$-31.7M
Q1 24
$-18.0M
$-92.7M
Gross Margin
RSKD
RSKD
TLRY
TLRY
Q4 25
26.4%
Q3 25
52.2%
27.4%
Q2 25
53.6%
30.1%
Q1 25
55.1%
28.0%
Q4 24
29.0%
Q3 24
48.7%
29.8%
Q2 24
51.4%
35.8%
Q1 24
52.0%
26.2%
Operating Margin
RSKD
RSKD
TLRY
TLRY
Q4 25
-10.2%
Q3 25
-19.0%
1.0%
Q2 25
-19.4%
-643.1%
Q1 25
-20.8%
-409.0%
Q4 24
-20.0%
Q3 24
-32.9%
-18.3%
Q2 24
-31.8%
-7.2%
Q1 24
-33.4%
-43.6%
Net Margin
RSKD
RSKD
TLRY
TLRY
Q4 25
-20.7%
Q3 25
-13.2%
-0.2%
Q2 25
-13.6%
-566.9%
Q1 25
-15.2%
-424.9%
Q4 24
-40.5%
Q3 24
-26.1%
-19.6%
Q2 24
-24.6%
-13.8%
Q1 24
-26.1%
-49.2%
EPS (diluted)
RSKD
RSKD
TLRY
TLRY
Q4 25
$-0.41
Q3 25
$0.00
Q2 25
$7.26
Q1 25
$-8.69
Q4 24
$-0.99
Q3 24
$-0.04
Q2 24
$-0.04
Q1 24
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RSKD
RSKD
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$371.1M
$291.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$382.3M
$1.6B
Total Assets
$495.9M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RSKD
RSKD
TLRY
TLRY
Q4 25
$291.6M
Q3 25
$371.1M
$264.8M
Q2 25
$371.1M
$256.4M
Q1 25
$371.1M
Q4 24
$252.2M
Q3 24
$440.8M
$280.1M
Q2 24
$440.8M
$260.5M
Q1 24
$440.8M
$225.9M
Stockholders' Equity
RSKD
RSKD
TLRY
TLRY
Q4 25
$1.6B
Q3 25
$382.3M
$1.5B
Q2 25
$382.3M
$1.5B
Q1 25
$382.3M
$2.7B
Q4 24
$3.5B
Q3 24
$491.7M
$3.5B
Q2 24
$491.7M
$3.4B
Q1 24
$491.7M
$3.4B
Total Assets
RSKD
RSKD
TLRY
TLRY
Q4 25
$2.1B
Q3 25
$495.9M
$2.1B
Q2 25
$495.9M
$2.1B
Q1 25
$495.9M
Q4 24
$4.2B
Q3 24
$601.9M
$4.3B
Q2 24
$601.9M
$4.2B
Q1 24
$601.9M
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RSKD
RSKD
TLRY
TLRY
Operating Cash FlowLast quarter
$-8.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RSKD
RSKD
TLRY
TLRY
Q4 25
$-8.5M
Q3 25
$-1.3M
Q2 25
$-12.8M
Q1 25
$-5.8M
Q4 24
$-40.7M
Q3 24
$-35.3M
Q2 24
$30.7M
Q1 24
$-15.4M
Free Cash Flow
RSKD
RSKD
TLRY
TLRY
Q4 25
Q3 25
Q2 25
$-19.1M
Q1 25
$-20.2M
Q4 24
$-46.2M
Q3 24
$-42.0M
Q2 24
$21.0M
Q1 24
$-24.9M
FCF Margin
RSKD
RSKD
TLRY
TLRY
Q4 25
Q3 25
Q2 25
-8.5%
Q1 25
-10.9%
Q4 24
-21.9%
Q3 24
-21.0%
Q2 24
9.1%
Q1 24
-13.2%
Capex Intensity
RSKD
RSKD
TLRY
TLRY
Q4 25
Q3 25
Q2 25
2.8%
Q1 25
7.8%
Q4 24
2.6%
Q3 24
3.4%
Q2 24
4.2%
Q1 24
5.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RSKD
RSKD

Segment breakdown not available.

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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