Earnings summaries and quarterly performance for Red Violet.
Executive leadership at Red Violet.
Board of directors at Red Violet.
Research analysts who have asked questions during Red Violet earnings calls.
Recent press releases and 8-K filings for RDVT.
Red Violet Discusses Identity Intelligence Business, Growth Strategy, and Financial Model
RDVT
New Projects/Investments
Guidance Update
M&A
- Red Violet (RDVT) specializes in identity intelligence, utilizing a cloud-native platform and proprietary data to verify identities, detect fraud, manage risk, and ensure compliance for organizations.
- The company targets five key verticals, with significant growth initiatives in the public sector and background screening, aiming for 20% top-line growth for three years (2024-2026).
- Red Violet's business model features a step-fixed cost structure, resulting in nearly 100% contribution margin on incremental revenue, and reported adjusted EBITDA of approximately $9 million and free cash flow of $7 million last quarter.
- Capital allocation strategies include a $150 million shelf filing for potential M&A, a share repurchase program, and a one-time dividend, reflecting a focus on strategic growth and shareholder returns.
- The company differentiates itself from competitors like TransUnion and LexisNexis through its cloud-native technology and superior data aggregation capabilities, serving approximately 9,800 customers.
Nov 20, 2025, 1:55 PM
Red Violet Discusses Identity Intelligence Business, Growth Strategy, and Financial Performance
RDVT
Revenue Acceleration/Inflection
New Projects/Investments
M&A
- Red Violet (RDVT) specializes in transforming disparate data into actionable identity intelligence using its cloud-native platform to verify identities, detect fraud, manage risk, and meet compliance demands. This cloud-native architecture is highlighted as a key differentiator against legacy competitors.
- For the last quarter, the company reported approximately $9 million in Adjusted EBITDA and $7 million in free cash flow, with gross profit margins in the low 80s and Adjusted EBITDA approaching 40%. Red Violet is targeting 20% top-line growth annually through 2026.
- Key growth drivers include the public sector and background screening verticals. The public sector is expected to contribute revenue starting in 2026, while a recently secured contract with a large payroll processing company in background screening is anticipated to become a seven-figure contract once fully ramped by April 2026.
- The company has filed a $150 million shelf for M&A optionality, focusing on acquiring unique data assets or complementary technologies, and also maintains an active share repurchase program. Approximately 75% of its revenue was contractual last quarter.
Nov 20, 2025, 1:55 PM
Red Violet Reports Record Q3 2025 Financial Results and Expands Share Repurchase Program
RDVT
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Red Violet, Inc. reported record-breaking financial results for Q3 2025, with revenue of $23.1 million, an increase of 21% year-over-year, and adjusted EBITDA of $9.0 million, up 35%, resulting in adjusted earnings of $0.39 per diluted share.
- The company demonstrated strong customer growth, adding 304 billable customers to IDI, ending the quarter with 9,853 customers, and adding over 25,000 users to FOREWARN, which is now contracted with over 590 Realtor® Associations.
- The Board authorized a $15.0 million increase to its Share Repurchase Program, bringing the total remaining authorization to $18.9 million. In Q3 2025, the company repurchased 15,437 shares at an average price of $42.26.
- Red Violet continues to experience strong demand across its Investigative and Emerging Markets verticals, securing recent wins with a large state toll authority and a major payroll processor, and is strategically investing in AI to enhance its platform and competitive advantages.
Nov 6, 2025, 10:17 PM
Red Violet Reports Record Q3 2025 Financial Results
RDVT
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Red Violet reported record Q3 2025 revenue of $23.1 million, an increase of 21%, with an adjusted gross margin of 84% and adjusted EBITDA of $9 million, representing a 39% margin.
- The company achieved record adjusted net income of $5.8 million, an increase of 75%, and record adjusted earnings of $0.39 per diluted share.
- Operational growth included adding over 300 IDI customers, bringing the total to over 9,800, and over 25,000 Forewarn users, with more than 590 realtor associations now contracted.
- Red Violet announced a $15 million increase to its share repurchase program, with $18.9 million remaining under authorization, and repurchased 15,437 shares at an average price of $42.26 during Q3 2025.
Nov 5, 2025, 9:30 PM
Red Violet Announces Record Third Quarter 2025 Financial Results
RDVT
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Red Violet, Inc. reported a 21% increase in total revenue to a record $23.1 million for the third quarter ended September 30, 2025.
- Net income for Q3 2025 increased 145% to $4.2 million, resulting in basic earnings per share of $0.30.
- Adjusted EBITDA grew 35% to $9.0 million, achieving a 39% adjusted EBITDA margin.
- Net cash provided by operating activities increased 40% to $10.2 million during the quarter.
- The company's Board of Directors approved a $15.0 million increase to its share repurchase program, raising the total authorization to $30.0 million, with $18.9 million remaining as of November 3, 2025.
Nov 5, 2025, 9:10 PM
Red Violet Announces Third Quarter 2025 Financial Results
RDVT
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Red Violet reported a 21% increase in total revenue to a record $23.1 million and a 145% increase in net income to $4.2 million for the third quarter ended September 30, 2025.
- Adjusted EBITDA grew 35% to $9.0 million, and net cash provided by operating activities increased 40% to $10.2 million for the quarter ended September 30, 2025.
- The company announced a $15.0 million increase to its Stock Repurchase Program, bringing the total authorized to $30.0 million, with $18.9 million remaining as of September 30, 2025.
Nov 5, 2025, 9:05 PM
Red Violet Details Identity Verification Business Model and Growth Initiatives
RDVT
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- Red Violet is a leading cloud-native identity verification solutions provider that aggregates data on US adults and serves five key verticals: collections, financial and corporate risk, investigative, real estate, and emerging markets, with revenue evenly distributed across them.
- The company operates on a fixed-cost data model, resulting in nearly 100% contribution margin for every additional dollar of revenue, and reported over 80% gross profit and approaching 40% adjusted EBITDA margins last quarter.
- Red Violet is actively expanding into the public sector and background screening markets, having recently secured a multi-year contract with a major toll authority expected to generate well into 7 figures, and winning a large payroll processor for background screening.
- The company demonstrates strong customer retention, with a gross retention rate of 97% last quarter, while leveraging AI to enhance its platform's interactivity and automate internal processes for continued margin expansion.
Aug 27, 2025, 3:15 PM
Quarterly earnings call transcripts for Red Violet.
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