Red Violet Inc
NASDAQ:RDVT
Red Violet Inc
Red Violet, Inc. engages in the provision of software and proprietary technology services. The company is headquartered in Boca Raton, Florida and currently employs 139 full-time employees. The company went IPO on 2018-03-16. The company specializes in data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. The company builds technologies and applies analytics to deliver identity intelligence. Its solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Its intelligent platform, CORE is a purpose-built for organizations of all sizes, transforming data into intelligence. Its cloud-based, data fusion technology platform, combined with its database consisting of public-record and publicly available data, enables the delivery of differentiated products and solutions used for a variety of functions, such as identity verification, investigation and validation, and fraud prevention and detection.
Red Violet, Inc. engages in the provision of software and proprietary technology services. The company is headquartered in Boca Raton, Florida and currently employs 139 full-time employees. The company went IPO on 2018-03-16. The company specializes in data analysis, providing cloud-based, mission-critical information solutions to enterprises in a variety of industries. The company builds technologies and applies analytics to deliver identity intelligence. Its solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Its intelligent platform, CORE is a purpose-built for organizations of all sizes, transforming data into intelligence. Its cloud-based, data fusion technology platform, combined with its database consisting of public-record and publicly available data, enables the delivery of differentiated products and solutions used for a variety of functions, such as identity verification, investigation and validation, and fraud prevention and detection.
Record quarter: Revenue reached a record $23.4 million in Q4, up 20% year-over-year, with adjusted gross profit of $19.5 million and adjusted gross margin of 83%.
Profitability: Adjusted EBITDA rose 33% to $5.9 million (25% margin) and adjusted net income increased 53% to $3.1 million, or $0.21 per diluted share.
Customer momentum: IDI billable customers rose to 10,022 (added 169 sequentially); 127 customers generated over $100,000 in revenue in 2025 (up from 96 in 2024).
FOREWARN traction: FOREWARN ended the quarter with 390,018 users and contracts with more than 620 REALTOR Associations; contractual revenue was 77% of total revenue.
Cash & buybacks: Cash and cash equivalents were $43.6 million at year-end; repurchased 57,812 shares in the quarter (611,733 total repurchased to date at an average $22.26 per share).
AI positioning: Management framed AI as an accelerator, not a commoditizer — emphasizing proprietary identity graph, Iron entity-resolution framework, cloud-native stack and usage-based pricing.
2026 posture: Management expects continued healthy top-line expansion in 2026 (no formal guidance), and plans to prioritize reinvestment in product, AI, and go-to-market.
