Logo

RDVT

Red Violet, Inc.

RDVT

Red Violet, Inc. • NASDAQ
$54.19 ▼ -0.70% (-0.38)
Market Cap $757.13 M
52w High $64.14
52w Low $32.23
Dividend Yield 0.30%
P/E 69.47
Volume 24.35K
Outstanding Shares 13.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $23.083M ▲ $14.885M ▲ $4.213M ▲ 18.252% ▲ $0.3 ▲ $5.053M ▼
Q2-2025 $21.774M ▼ $12.875M ▼ $2.686M ▼ 12.336% ▼ $0.19 ▼ $5.737M ▼
Q1-2025 $22.003M ▲ $14.131M ▼ $3.44M ▲ 15.634% ▲ $0.25 ▲ $6.761M ▲
Q4-2024 $19.565M ▲ $15.722M ▲ $863K ▼ 4.411% ▼ $-0.44 ▼ $2.852M ▼
Q3-2024 $19.057M $13.245M $1.719M 9.02% $0.12 $4.932M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $45.352M ▲ $112.071M ▲ $10.338M ▲ $101.733M ▲
Q2-2025 $38.848M ▲ $104.834M ▲ $8.628M ▲ $96.206M ▲
Q1-2025 $34.603M ▼ $99.089M ▲ $7.241M ▼ $91.848M ▲
Q4-2024 $36.504M ▲ $98.531M ▲ $11.899M ▲ $86.632M ▼
Q3-2024 $35.747M $97.97M $6.296M $91.674M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.213M ▲ $10.172M ▲ $-2.882M ▼ $-786K ▼ $6.504M ▲ $7.29M ▲
Q2-2025 $2.686M ▼ $7.487M ▲ $-2.717M ▼ $-525K ▲ $4.245M ▲ $7.285M ▲
Q1-2025 $3.44M ▲ $5.001M ▼ $-2.519M ▼ $-4.383M ▼ $-1.901M ▼ $4.951M ▲
Q4-2024 $863K ▼ $6.691M ▼ $-2.297M ▲ $-3.637M ▼ $757K ▼ $4.394M ▼
Q3-2024 $1.719M $7.247M $-2.415M $-28K $4.804M $4.832M

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past five years, showing the company is growing rather than standing still. Profitability has improved from losses earlier in the period to consistent profits more recently, with solid gross margins that suggest good pricing power and efficient delivery of its software services. Operating and EBITDA results have moved from roughly break-even to clearly positive, indicating that scale is beginning to work in its favor. One nuance is that earnings per share have swung more than net income, likely reflecting share count changes, but the underlying business trend points toward gradual, profitable growth.

Balance Sheet

Balance Sheet The balance sheet looks conservative and clean. Total assets have expanded over time, with cash building up rather than shrinking, which provides a cushion against downturns and flexibility to invest. The absence of debt is a notable strength, reducing financial risk and interest burden. Equity has grown steadily, showing that retained profits are being added back into the business. Overall, the company appears to be financing growth primarily from its own operations, not from heavy borrowing.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive and has trended upward, an important sign that reported profits are backed by real cash. Free cash flow has moved from roughly flat to clearly positive, helped by modest capital spending needs typical of an asset-light software model. Investment outlays have been manageable, suggesting the company can both fund its growth and still accumulate cash. This pattern supports the view of a business that is scaling efficiently without requiring large upfront investments.

Competitive Edge

Competitive Edge Red Violet operates in a specialized corner of the data and identity intelligence market, which gives it a more focused competitive posture than broad, general-purpose data providers. Its proprietary CORE platform and curated data assets create meaningful barriers to entry, since replicating the same depth and quality of linked identity data is difficult and time-consuming. High margins and a usage and subscription model indicate a scalable offering with strong perceived value to customers. Partnerships in real estate and other safety- and risk-focused use cases add distribution strength and some network effects. The main competitive risks come from large data and analytics players, rapid technology shifts, and evolving privacy and data-usage regulations, which could change the rules of the game.

Innovation and R&D

Innovation and R&D Innovation is a central part of the story. The CORE platform underpins everything, enabling advanced data fusion, real-time insights, and integration of artificial intelligence and machine learning. Products like idiCORE and FOREWARN show how the company tailors this engine to concrete use cases—deep investigative work on one side and quick, mobile risk checks for front-line professionals on the other. New features such as geospatial search, ongoing AI-driven risk scoring, and expanded predictive analytics indicate a pipeline of enhancements rather than a static product set. The key question ahead is execution: how well the company can turn its technical strengths into broader industry penetration beyond its current core verticals.

Summary

Red Violet presents as a focused, asset-light software and data business that has transitioned from early-stage losses to consistent profitability and growing cash generation. Its balance sheet is strong, with no debt and a solid cash position, giving it room to invest and absorb shocks. The company’s edge lies in its proprietary identity intelligence platform, specialized data assets, and targeted products that solve specific risk and safety problems for customers. Financial trends show measured, profitable growth, while innovation efforts center on deeper AI integration and broader use of its data engine. The main uncertainties relate to how effectively it can continue scaling in the face of larger competitors and regulatory complexity, and how far it can extend its products into new industries without diluting focus.

NEWS

November 7, 2025 · 9:30 AM UTC

red violet Named to TIME's America's Growth Leaders of 2026 List

Read more

November 5, 2025 · 4:05 PM UTC

red violet Announces Third Quarter 2025 Financial Results

Read more

November 3, 2025 · 8:00 AM UTC

FOREWARN to Provide Identity Verification Services to Massachusetts Association of REALTORS® to Promote Agent Safety

Read more

October 22, 2025 · 4:05 PM UTC

red violet to Announce Third Quarter 2025 Financial Results on November 5, 2025

Read more

October 21, 2025 · 12:21 PM UTC

IDI Announces Integration with TazWorks to Expand Access to IDI's Best-in-Class Identity Intelligence in the Background Screening Industry

Read more