ET Head of Investor Relations-Stefan Schulstein Co-Founder and Chief Executive Officer-Eido Gal Operator: Good day, and thank you for standing by. Welcome to the Riskified Second Quarter 2026 Earnings Call. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Stefan Schulstein, Head of Investor Relations. Head: Good morning, and thank you for joining us today. We are hosting today's call to discuss Riskified's financial results for the second quarter of 2026.
Participating on today's call are Eido Gal, Riskified's Co-Founder and Chief Executive Officer; and Aglika Dotcheva, Riskified's Chief Financial Officer. We released our results for the second quarter of 2026 earlier today. Our earnings materials, including a replay of today's webcast will be available on our Investor Relations website at ir.riskified.com.
Certain statements made on the call today will be forward-looking statements related to, without limitation, our operating performance, business and financial goals, outlook as to revenues, gross profit, gross margin, pipeline generation, pipeline conversion, timing of new merchant go-lives, adjusted EBITDA profitability, adjusted EBITDA margins, non-GAAP operating expenses, free cash flow and expectations as to category and regional growth trends, which reflect management's best judgment based on currently available information and are not guarantees of future performances -- future performance. We intend all forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our expectations as of the date of this call, and except as required by law, we undertake no obligation to revise this information as a result of new developments that may occur after the time of this call.
Please refer to our annual report on Form 20-F for the year ended December 31, 2025, and subsequent reports we file or furnish with the SEC for more information on the specific factors that could cause actual results to differ materially from our expectations. Additionally, we will discuss certain non-GAAP financial measures and key performance indicators on the call. Reconciliations to the most directly comparable GAAP financial measures are available in our earnings release issued earlier today and also furnished with the SEC on Form 6-K and in the appendix of our Investor Relations presentation, all of which are posted on our Investor Relations website.
I will now turn the call over to Eido to begin. Eido Gal: Thanks, Stefan, and hello, everyone. Before I begin, let me welcome and introduce Stefan Schulstein as our new Head of Investor Relations.
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