XML 46 R27.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from External Customers by Geographic Areas | The following table summarizes revenue by region in which our merchants’ headquarters are located:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue
| (in thousands, except where indicated)
United States | $ | 182,806 |  |  | 61 | % |  | $ | 163,920 |  |  | 63 | % |  | $ | 163,681 |  |  | 71 | %
Europe, the Middle East and Africa (“EMEA”)* | 80,547 |  |  | 27 |  |  | 71,443 |  |  | 27 |  |  | 44,850 |  |  | 20 |
Asia-Pacific (“APAC”) | 16,699 |  |  | 6 |  |  | 12,005 |  |  | 5 |  |  | 7,416 |  |  | 3 |
Americas | 17,558 |  |  | 6 |  |  | 13,879 |  |  | 5 |  |  | 13,194 |  |  | 6 |
Total revenue | $ | 297,610 |  |  | 100 | % |  | $ | 261,247 |  |  | 100 | % |  | $ | 229,141 |  |  | 100 | %
_________________ *Revenue recognized from merchants whose headquarters are in Israel, which is our country of domicile, was $1.3 million, $3.3 million, and $2.4 million for the years ended December 31, 2023, 2022, and 2021, respectively.
Disaggregation of Revenue | The following table summarizes revenue based on the nature and type of service provided to our merchants:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue
| (in thousands, except where indicated)
Fraud review service revenue (ASC 606) | $ | 167,278 |  |  | 56 | % |  | $ | 156,040 |  |  | 60 | % |  | $ | 132,261 |  |  | 58 | %
Indemnification guarantee service revenue (ASC 460) | 130,332 |  |  | 44 |  |  | 105,207 |  |  | 40 |  |  | 96,880 |  |  | 42 |
Total revenue | $ | 297,610 |  |  | 100 | % |  | $ | 261,247 |  |  | 100 | % |  | $ | 229,141 |  |  | 100 | %
Deferred Policy Acquisition Costs | The following table represents a roll-forward of deferred contract acquisition costs:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
Beginning balance | $ | 14,383 |  |  | $ | 10,365 |  |  | $ | 6,263 |
Additions to deferred contract acquisition costs | 8,894 |  |  | 9,707 |  |  | 7,744 |
Amortization of deferred contract acquisition costs | (7,715) |  |  | (5,689) |  |  | (3,642) |
Ending balance | $ | 15,562 |  |  | $ | 14,383 |  |  | $ | 10,365 |
Deferred Contract Fulfillment Costs | The following table represents a roll-forward of deferred contract fulfillment costs that are included within in other assets, noncurrent on the consolidated balance sheets:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (in thousands)
Beginning balance | $ | 3,673 |  |  | $ | 2,930 |  |  | $ | 2,166 |
Additions to deferred contract fulfillment costs | 2,635 |  |  | 2,189 |  |  | 1,789 |
Amortization of deferred contract fulfillment costs | (1,852) |  |  | (1,446) |  |  | (1,025) |
Ending balance | $ | 4,456 |  |  | $ | 3,673 |  |  | $ | 2,930 |

X
- Definition Deferred Contract Fulfillment Costs + References No definition available. + Details
Name: | rskd_DeferredContractFulfillmentCostsTableTextBlock
Namespace Prefix: | rskd_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the movement in deferred policy acquisition costs. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479432/944-30-50-2B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479432/944-30-50-2B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479401/944-30-55-2 + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration