RDVT
Red Violet, Inc.54.31
+0.62+1.15%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
765.13MP/E (TTM)
69.63Basic EPS (TTM)
0.78Dividend Yield
0%Recent Filings
8-K
Q2 revenue up 14% to $21.8M
Red Violet reported Q2 2025 revenue up 14% to $21.8 million, with adjusted gross profit rising 17% to $18.2 million at a record 84% margin, despite a tough prior-year comparison including $1.0 million in one-time revenue. Customer growth accelerated, adding 308 to IDI for 9,549 total and 21,335 to FOREWARN, reaching 346,671 users across 575 REALTOR associations, while gross revenue retention hit 97%. Cash from operations surged 31% to $7.5 million. Momentum builds on broad demand, yet real estate pressures linger.
10-Q
Q2 FY2025 results
Red Violet's Q2 revenue climbed 14% year-over-year to $21.8 million, fueled by volume expansion from existing customers, while gross margin edged up to 72% from 70% on steady data costs. Operating income dipped 10% to $2.8 million amid higher sales and admin spending, yet net income held steady at $2.7 million, or $0.18 diluted EPS—consistent with 14.6 million diluted shares. Year-to-date, revenue surged 20% to $43.8 million, net income rose 39% to $6.1 million ($0.42 diluted EPS), with operating cash flow hitting $12.5 million and free cash flow $7.3 million (derived). Cash swelled to $38.8 million, debt-free, after a $4.2 million special dividend. Revenue split 77% pricing contracts, 23% transactional. Ongoing Daniel's Law litigation poses a regulatory risk, though insured.
8-K
Stockholders approve plan amid opposition
Red Violet's stockholders elected directors Derek Dubner, William Livek, Lisa Stanton, and Greg Strakosch with strong support on June 10, 2025, while Steven Rubin faced notable opposition. They ratified Grant Thornton as auditors and approved executive pay, but the amended 2018 Stock Incentive Plan passed narrowly at 6.6 million for versus 3.0 million against, boosting shares available to 7.5 million. This extends incentives through 2035. Yet dilution looms for shareholders.
8-K
Record Q1 revenue, EBITDA soar
Red Violet kicked off 2025 with a record quarter, revenue surging 26% to $22.0 million while adjusted EBITDA climbed 47% to $8.4 million, boosting margins to 38%. Customer growth fueled the gains: IDI added 315 billable users to reach 9,241, and FOREWARN gained 21,918 users, hitting 325,336 amid contracts with over 545 REALTOR associations. This momentum underscores the platform's resilience in volatile markets. Yet risks from economic uncertainty linger.
10-Q
Q1 FY2025 results
Red Violet's revenue surged 26% year-over-year to $22.0 million in Q1 FY2025 ended March 31, 2025, fueled by new customer onboarding and steady recurring streams, while gross margin climbed to 72% from 66% on fixed data costs. Operating income rose to $4.2 million from $2.0 million, driving net income up 93% to $3.4 million or $0.24 diluted EPS—confirmed against 14.5 million shares with no anti-dilution flags. Cash from operations hit $5.0 million, yielding $2.5 million free cash flow after $2.5 million in intangibles capex, leaving $34.6 million in cash despite a $4.2 million special dividend payout. Non-GAAP metrics like adjusted EBITDA of $8.4 million are fully reconciled in the 10-Q. Revenue growth persists. Yet regulatory risks under laws like Daniel's Law loom large.
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