RDVT

MKT CAP:$548M

Red Violet, Inc.

Market Cap

$548M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$38.09-$13.28 (-25.85%)

Apr 23, 2026

Company Details

Red Violet, Inc., a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to addr...

CEO

Derek Dubner

IPO Date

Mar 27, 2018

Website

www.redviolet.com

Key Metrics TTM

Revenue

$90M

+20.0% YoY

Net Income

$13M

EPS (Diluted)

$0.91

Free Cash Flow

$26M

Revenue / Share

$6.27

Gross Margin

83.7%

Operating Margin

14.6%

Net Margin

14.6%

FCF Margin

28.9%

P/S

6.1x

P/E

41.7x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 4, 2026

$90M+20.0%EPS $0.91

Q4 2025

Mar 4, 2026

$23M+19.6%EPS $0.20

Q3 2025

Nov 5, 2025

$23M+21.1%EPS $0.29

Q2 2025

Aug 6, 2025

$22M+14.3%EPS $0.18

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$13M	$10M	$281.0K
Q2 22	$12M	$10M	-$161.0K
Q3 22	$15M	$12M	$2M
Q4 22	$13M	$10M	-$2M
Q1 23	$15M	$11M	$401.0K
Q2 23	$15M	$11M	$1M
Q3 23	$16M	$13M	$2M
Q4 23	$15M	$12M	-$895.0K
Q1 24	$18M	$14M	$2M
Q2 24	$19M	$16M	$3M
Q3 24	$19M	$16M	$2M
Q4 24	$20M	$16M	$371.0K
Q1 25	$22M	$18M	$4M
Q2 25	$22M	$16M	$3M
Q3 25	$23M	$19M	$5M
Q4 25	$23M	$22M	$2M

Valuation

Quarter	P/S	P/E
Q1 22	11.8x	409.2x
Q2 22	11.4x	—
Q3 22	10.6x	1458.4x
Q4 22	10.3x	890.2x
Q1 23	9.9x	447.6x
Q2 23	9.6x	194.6x
Q3 23	9.4x	42.0x
Q4 23	9.1x	40.5x
Q1 24	8.7x	37.6x
Q2 24	8.1x	34.6x
Q3 24	7.8x	108.2x
Q4 24	7.3x	78.3x
Q1 25	6.9x	63.3x
Q2 25	6.7x	63.0x
Q3 25	6.3x	49.0x
Q4 25	6.1x	41.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$2M	$523.0K
Q2 22	$3M	$318.0K
Q3 22	$3M	$849.0K
Q4 22	$4M	$2M
Q1 23	$2M	-$786.0K
Q2 23	$4M	$1M
Q3 23	$6M	$3M
Q4 23	$4M	$2M
Q1 24	$4M	$2M
Q2 24	$6M	$3M
Q3 24	$7M	$5M
Q4 24	$7M	$4M
Q1 25	$5M	$5M
Q2 25	$7M	$7M
Q3 25	$10M	$7M
Q4 25	$7M	$7M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$2M
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$2M
Q1 24	$2M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$50.0K
Q2 25	$202.0K
Q3 25	$3M
Q4 25	$124.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+24.6%	+15.4%
Q2 22	+14.8%	+12.1%
Q3 22	+28.8%	+23.6%
Q4 22	+16.1%	+16.7%
Q1 23	+14.9%	+14.3%
Q2 23	+17.5%	+6.3%
Q3 23	+5.4%	+9.4%
Q4 23	+15.2%	+6.5%
Q1 24	+19.7%	+9.2%
Q2 24	+29.8%	+18.9%
Q3 24	+20.3%	+17.7%
Q4 24	+29.9%	+20.3%
Q1 25	+25.7%	+14.6%
Q2 25	+14.3%	+19.0%
Q3 25	+21.1%	+11.8%
Q4 25	+19.6%	+13.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	10.9%
Q2 22	$1M	11.3%
Q3 22	$1M	8.5%
Q4 22	$1M	11.0%
Q1 23	$1M	9.5%
Q2 23	$1M	8.9%
Q3 23	$1M	8.6%
Q4 23	$1M	8.8%
Q1 24	$1M	8.0%
Q2 24	$1M	7.3%
Q3 24	$2M	8.7%
Q4 24	$1M	7.6%
Q1 25	$2M	7.3%
Q2 25	$2M	8.4%
Q3 25	$2M	7.4%
Q4 25	$1M	5.9%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$5M	$2M
Q2 22	—	$5M	$3M
Q3 22	—	$5M	$3M
Q4 22	—	$7M	$3M
Q1 23	—	$5M	$4M
Q2 23	—	$5M	$3M
Q3 23	—	$5M	$3M
Q4 23	—	$7M	$4M
Q1 24	—	$6M	$4M
Q2 24	—	$6M	$4M
Q3 24	—	$6M	$5M
Q4 24	—	$8M	$5M
Q1 25	—	$6M	$5M
Q2 25	—	$7M	$6M
Q3 25	$3M	$7M	$5M
Q4 25	—	$10M	$5M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	24.6%	14.3%	38.8
Q2 22	14.8%	11.6%	26.5
Q3 22	28.8%	25.8%	54.5
Q4 22	16.1%	-0.8%	15.3
Q1 23	14.9%	15.8%	30.7
Q2 23	17.5%	22.4%	39.9
Q3 23	5.4%	24.9%	30.3
Q4 23	15.2%	8.7%	24.0
Q1 24	19.7%	24.3%	44.0
Q2 24	29.8%	28.6%	58.4
Q3 24	20.3%	25.9%	46.2
Q4 24	29.9%	14.6%	44.5
Q1 25	25.7%	30.7%	56.4
Q2 25	14.3%	26.3%	40.6
Q3 25	21.1%	21.9%	43.0
Q4 25	19.6%	26.8%	46.3

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$35M	$0	$35M
Q2 22	$32M	$0	$32M
Q3 22	$31M	$0	$31M
Q4 22	$32M	$0	$32M
Q1 23	$31M	$0	$31M
Q2 23	$31M	$0	$31M
Q3 23	$34M	$0	$34M
Q4 23	$32M	$0	$32M
Q1 24	$32M	$0	$32M
Q2 24	$31M	$0	$31M
Q3 24	$36M	$0	$36M
Q4 24	$37M	$0	$37M
Q1 25	$35M	$0	$35M
Q2 25	$39M	$0	$39M
Q3 25	$45M	$0	$45M
Q4 25	$44M	$0	$44M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	14M	+2.9%	+15.1%
Q2 22	14M	-1.9%	+1.6%
Q3 22	14M	-0.1%	+0.9%
Q4 22	14M	+1.4%	+2.3%
Q1 23	14M	+2.0%	+1.3%
Q2 23	14M	-0.5%	+2.9%
Q3 23	14M	+1.1%	+4.1%
Q4 23	14M	-2.4%	+0.2%
Q1 24	14M	+1.3%	-0.5%
Q2 24	14M	-0.8%	-0.9%
Q3 24	14M	+1.9%	-0.1%
Q4 24	14M	-1.3%	+1.0%
Q1 25	14M	+2.6%	+2.3%
Q2 25	15M	+0.4%	+3.6%
Q3 25	15M	+0.4%	+2.1%
Q4 25	14M	-1.5%	+1.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$91.6K	139
Q2 22	$89.9K	139
Q3 22	$108.1K	139
Q4 22	$70.3K	186
Q1 23	$78.6K	186
Q2 23	$78.9K	186
Q3 23	$85.1K	186
Q4 23	$82.3K	183
Q1 24	$95.7K	183
Q2 24	$104.1K	183
Q3 24	$104.1K	183
Q4 24	$91.0K	215
Q1 25	$102.3K	215
Q2 25	$101.3K	215
Q3 25	$107.4K	215
Q4 25	$93.6K	250

Revenue / Employee