This study aims to explore the influence of risk management and digital technology literacy on learning innovation performance, with a particular focus on the moderating role of modern learning environments. The research employs a quantitative approach using data collected from 385 Indonesian university students, analyzed through Structural Equation Modeling-Partial Least Squares (SEM-PLS) to validate the proposed framework. The results demonstrate that effective risk management significantly enhances institutional adaptability and fosters success in implementing innovative learning strategies. Moreover, higher levels of digital technology literacy empower students to engage more effectively with modern learning technologies, leading to improved performance outcomes. The findings also highlight that the moderating effect of modern learning environments strengthens these relationships, underscoring the importance of robust digital infrastructure and adaptive pedagogy. This study provides theoretical contributions by integrating risk management, digital literacy, and innovation within the context of education. Practical implications include recommendations to optimize risk management frameworks, enhance digital literacy programs, and invest in modern learning ecosystems to support academic success and institutional resilience.