Red Violet, Inc. (RDVT)
Red Violet, Inc. is a technology firm specializing in software and analytical services, leveraging its proprietary technology and advanced analytical prowess to deliver crucial identity intelligence solutions primarily within the United States. Among its flagship offerings is idiCORE, an investigative platform designed to tackle diverse corporate hurdles, including rigorous due diligence, proactive risk mitigation, robust identity verification, and adherence to regulatory mandates. Additionally, FOREWARN, an intuitive app-based tool, empowers professionals with immediate insights prior to in-person consumer interactions, thereby enabling them to promptly identify and reduce potential risks. Red Violet's client base spans a broad spectrum of industries, encompassing financial services, insurance, healthcare, retail, and telecommunications, alongside law enforcement bodies, government agencies, collections services, corporate security departments, and investigative organizations. Their solutions are instrumental in objectives such as comprehensive risk reduction, thorough due diligence, the prevention and detection of fraud, ensuring regulatory adherence, and facilitating strategic customer acquisition. The company employs a multi-faceted go-to-market strategy, engaging value-added distributors, resellers, and strategic alliances. Its promotional efforts include participation in trade shows and seminars, advertising campaigns, public relations initiatives, and the dissemination of sales collateral and product specifications. Furthermore, Red Violet maintains consistent engagement with prospective clients, channel partners, and its existing customer base, supplementing these efforts with direct sales activities. Established in 2017, Red Violet, Inc. maintains its corporate headquarters in Boca Raton, Florida.
Sector: Services-Prepackaged Software
Industry: Software - Application
Red Violet, Inc.
NASDAQ:RDVTTechnology · Software - Application
PrePre-market-0.21%$69.95
Close$70.10+0.57%AH$70.50-0.78%Now$69.95
Close$70.10-2.80%AH$70.50-0.78%since
Mkt Cap$1.13B
Float13.08M
O/S16.05M
PM VOL1K sh
$ Vol≈$71K
RVOL0.91×
Inst Own61.7%
SI4.7%
Dilution
Financials Summary
Revenue$90.25M
Net Income$13.15M
Total Assets$112.01M
Free Cash Flow$28.79M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$2.79M
Total Equity$100.93M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RDVT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$112.01M
Liabilities$11.09M
Accounts Receivable$10.7M
Accounts Payable$1.98M
Inventory$0
PP&E (Net)$3.45M
Goodwill$5.23M
Intangible Assets$39.26M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $90.25M | $75.19M | $60.2M | $53.32M | $44.02M | $34.59M | $30.29M | $16.3M | $8.58M | $4.58M | $4M | $4M |
| YoY Growth | 20.0% | 24.9% | 12.9% | 21.1% | 27.3% | 14.2% | 85.8% | 90.0% | 87.1% | 14.5% | 0.0% | - |
| Cost of Revenue | $14.68M | $14M | $13.07M | $12.21M | $11.2M | $11.28M | $12.26M | $8.64M | $7.07M | $4.31M | $2.56M | $2.77M |
| Gross Profit | $75.58M | $61.19M | $47.13M | $41.11M | $32.83M | $23.31M | $18.03M | $7.66M | $1.51M | $279K | $1.45M | $1.24M |
| Gross Margin | 83.7% | 81.4% | 78.3% | 77.1% | 74.6% | 67.4% | 59.5% | 47.0% | 17.6% | 6.1% | 36.1% | 30.9% |
| Research and Development | $0 | $9.35M | $8.12M | $0 | $0 | $0 | $0 | $1.73M | $866K | $0 | $0 | $0 |
| Selling, General, and Administrative | $51.77M | $43.71M | $36.28M | $34.07M | $28.74M | $25.93M | $26.35M | $13.16M | $21.87M | $12.52M | $10.25M | $11.74M |
| Other | $10.67M | $213K | $233K | $6.67M | $5.4M | $4.22M | $2.89M | $539K | $1.14M | $607K | $0 | $0 |
| Total Operating Expenses | $62.44M | $53.27M | $44.63M | $40.75M | $34.14M | $30.14M | $29.24M | $15.15M | $23.01M | $13.13M | $11.95M | $11.74M |
| Operating Income (EBIT) | $13.14M | $7.92M | $2.5M | $361K | -$1.31M | -$6.83M | -$11.21M | -$7.49M | -$21.5M | -$12.85M | -$9.02M | -$10.5M |
| Operating Margin | 14.6% | 10.5% | 4.2% | 0.7% | -3.0% | -19.8% | -37.0% | -46.0% | -250.6% | -280.2% | -225.3% | -262.3% |
| Interest Expense | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $1.42M | $1.4M | $1.33M | $351K | $0 | $18K | $136K | $84K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.42M | $1.4M | $1.33M | $351K | $2.17M | $18K | $136K | $623K | $0 | -$4.05M | -$1.48M | $0 |
| Income Before Tax (EBT) | $14.56M | $9.32M | $3.84M | $712K | $853K | -$6.81M | -$11.08M | -$6.87M | -$21.5M | -$16.9M | -$10.5M | -$10.5M |
| Income Tax Expense | $1.4M | $2.32M | -$9.69M | $96K | $198K | $0 | $0 | $0 | $0 | -$38K | $142K | $142K |
| Net Income | $13.15M | $7M | $13.53M | $616K | $655K | -$6.81M | -$11.08M | -$6.87M | -$21.5M | -$16.86M | -$10.64M | -$10.64M |
| Net Income Margin | 14.6% | 9.3% | 22.5% | 1.2% | 1.5% | -19.7% | -36.6% | -42.1% | -250.6% | -367.8% | -265.9% | -265.9% |
| Supplementary Data | ||||||||||||
| EPS | 0.94 | 0.51 | 0.97 | 0.04 | 0.05 | -0.57 | -1.02 | -0.67 | -2.08 | -1.63 | -1.03 | -1.03 |
| Diluted EPS | 0.91 | 0.50 | 0.96 | 0.04 | 0.05 | -0.57 | -1.02 | -0.67 | -2.08 | -1.63 | -1.03 | -1.03 |
| Weighted Average OS | 14.04M | 13.86M | 13.97M | 13.76M | 12.60M | 11.86M | 10.76M | 10.27M | 10.33M | 10.33M | 10.33M | 10.33M |
| EBITDA | $25.23M | $18.88M | $12.19M | $7.39M | $6.25M | -$2.62M | -$8.32M | -$5.5M | -$20.36M | -$12.24M | -$8.8M | -$10.29M |
| EBITDA Margin | 28.0% | 25.1% | 20.2% | 13.9% | 14.2% | -7.6% | -27.5% | -33.7% | -237.4% | -266.9% | -219.9% | -257.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $43.56M | $36.5M | $32.03M | $31.81M | $34.26M | $12.96M | $11.78M | $9.95M | $65K | $226K | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $43.56M | $36.5M | $32.03M | $31.81M | $34.26M | $12.96M | $11.78M | $9.95M | $65K | $226K | $0 | $0 |
| Accounts Receivable | $10.7M | $8.06M | $7.13M | $5.54M | $3.74M | $3.2M | $3.54M | $2.27M | $1.65M | $694K | $518K | $518K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $2.28M | $1.63M | $1.11M | $771K | $0 | $0 | $0 | $934K | $0 | $0 | $0 | $830K |
| Total Current Assets | $56.53M | $46.19M | $40.28M | $38.12M | $38.59M | $16.74M | $16.04M | $13.15M | $2.27M | $1.7M | $1.35M | $1.35M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $3.45M | $2.45M | $3.05M | $1.82M | $2.24M | $2.72M | $3.28M | $852K | $1.09M | $848K | $824K | $824K |
| Goodwill | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $5.23M | $0 |
| Intangible Assets | $39.26M | $36M | $34.4M | $31.65M | $28.18M | $27.17M | $24.03M | $19.97M | $15.35M | $9.48M | $4.15M | $0 |
| Long-Term Investments | $880K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $6.58M | $7.5M | $9.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $69K | $1.17M | $517K | $601K | $137K | $139K | $289K | $628K | $1.18M | $1.45M | $1.39M | $10.77M |
| Total Long-Term Assets | $55.48M | $52.34M | $52.71M | $39.3M | $35.78M | $35.26M | $32.83M | $26.68M | $22.85M | $17.01M | $11.59M | $11.59M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $112.01M | $98.53M | $92.99M | $77.41M | $74.38M | $51.99M | $48.87M | $39.83M | $25.13M | $18.71M | $12.94M | $12.94M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $1.98M | $2.13M | $1.63M | $2.23M | $1.6M | $2.08M | $2.14M | $2.25M | $2.58M | $921K | $228K | $228K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $449K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $93K | $66K | $38K | $56K | $104K | $447K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.03M | $712K | $690K | $670K | $841K | $504K | $128K | $26K | $33K | $80K | $0 | $122K |
| Other Current Liabilities | $0 | $0 | $304K | $0 | $0 | $0 | $0 | $993K | $675K | $221K | $217K | $673K |
| Total Current Liabilities | $7.87M | $10.31M | $4.88M | $5.44M | $3.46M | $5.04M | $4.33M | $3.55M | $7.39M | $3.49M | $1.02M | $1.02M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $1.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $287K | $198K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $820K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $3.22M | $1.59M | $2M | $885K | $1.49M | $3.61M | $2.46M | $1.28M | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.28M | $0 | $0 | $0 | $0 |
| Total Liabilities | $11.09M | $11.9M | $6.88M | $6.32M | $4.95M | $8.65M | $6.79M | $3.55M | $7.39M | $3.49M | $1.02M | $1.02M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $14K | $14K | $14K | $14K | $13K | $13K | $12K | $10K | $17.74M | $15.22M | $11.91M | $0 |
| Retained Earnings | $12.28M | -$870K | -$7.87M | -$21.4M | -$22.02M | -$22.67M | -$15.86M | -$4.78M | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | -$684K | -$638K | -$366K | $0 | $0 |
| Other Stockholders' Equity | $88.63M | $87.49M | $93.97M | $92.48M | $91.43M | $66M | $57.93M | $41.05M | $0 | $0 | $0 | $11.91M |
| Total Equity | $100.93M | $86.63M | $86.11M | $71.09M | $69.43M | $43.34M | $42.08M | $36.28M | $17.74M | $15.22M | $11.91M | $11.91M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $112.01M | $98.53M | $92.99M | $77.41M | $74.38M | $51.99M | $48.87M | $39.83M | $25.13M | $18.71M | $12.94M | $12.94M |
| Supplementary Data | ||||||||||||
| Total Debt | $2.79M | $2M | $2.57M | $1.29M | $1.91M | $4.61M | $2.95M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$40.77M | -$34.51M | -$29.46M | -$30.52M | -$32.35M | -$8.35M | -$8.83M | -$9.95M | -$65K | -$226K | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $13.15M | $7M | $13.53M | $616K | $655K | -$6.81M | -$11.08M | -$6.87M | -$21.5M | -$16.86M | -$10.64M | -$10.64M |
| Depreciation & Amortization | $10.67M | $9.56M | $8.35M | $6.67M | $5.4M | $4.22M | $2.89M | $2M | $1.14M | $607K | $215K | $215K |
| Deferred Income Tax | $911K | $2.02M | -$9.8M | $89K | $198K | $0 | $0 | $357K | $287K | $4.08M | $0 | $265K |
| Stock-Based Compensation | $6.5M | $5.95M | $5.39M | $5.5M | $6.62M | $8.06M | $9.91M | $709K | $2.87M | $1.85M | $2.61M | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$3.4M | -$1.27M | -$2.69M | -$1.97M | -$630K | -$64K | -$1.86M | -$909K | -$1.24M | -$199K | -$227K | -$227K |
| Inventory | $0 | $0 | -$799K | $0 | $0 | $0 | $0 | -$3.32M | $4.44M | $1.81M | $0 | $0 |
| Accounts Payable | -$150K | $496K | -$598K | $624K | -$470K | $0 | -$108K | -$332K | -$2K | $693K | $0 | $142K |
| Other Working Capital | $386K | -$782K | $20K | $25K | -$1.28M | -$411K | $855K | -$7K | -$47K | -$42K | -$1.52M | -$1.56M |
| Total Working Capital Change | -$3.16M | -$1.55M | -$4.07M | -$1.32M | -$2.38M | -$475K | -$1.11M | -$4.57M | $3.15M | $2.26M | -$1.75M | -$1.65M |
| Other Non-Cash Items | $1.27M | $983K | $1.67M | $898K | -$1.54M | $1.53M | $1.03M | $325K | $3.65M | $1.35M | $1.33M | $4.09M |
| Net Cash from Operating | $29.35M | $23.96M | $15.07M | $12.46M | $8.95M | $6.52M | $1.65M | -$8.05M | -$10.41M | -$6.72M | -$8.24M | -$8.24M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$563K | -$169K | -$122K | -$373K | -$280K | -$154K | -$90K | -$6M | -$6.47M | -$9.27M | -$661K | -$3.98M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$10.59M | -$9.4M | -$9.02M | -$8.46M | -$4.96M | -$5.51M | -$5.91M | -$5.91M | -$5.95M | -$9.03M | -$3.62M | -$300K |
| Net Cash from Investing | -$11.16M | -$9.57M | -$9.15M | -$8.83M | -$5.24M | -$5.66M | -$6M | -$6M | -$6.47M | -$9.27M | -$4.28M | -$4.28M |
| Financing Activities | ||||||||||||
| Debt Repaid | - | - | - | - | - | -$2.15M | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $20.92M | $0 | $7.44M | $23.94M | $16.72M | $16.21M | $0 | $6.52M |
| Common Stock Repurchases | -$915K | -$5.85M | -$3.71M | -$878K | $0 | -$1.83M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$4.18M | -$4.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$6.04M | $113K | -$1.99M | -$5.2M | -$3.33M | $0 | -$1.25M | $23.94M | $16.72M | $16.21M | $6.52M | $0 |
| Net Cash from Financing | -$11.14M | -$9.92M | -$5.7M | -$6.08M | $17.6M | $324K | $6.18M | $23.94M | $16.72M | $16.21M | $6.52M | $6.52M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $7.05M | $4.47M | $222K | -$2.45M | $21.3M | $1.18M | $1.83M | $9.88M | -$161K | $226K | -$6M | -$6M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $29.35M | $23.96M | $15.07M | $12.46M | $8.95M | $6.52M | $1.65M | -$8.05M | -$10.41M | -$6.72M | -$8.24M | -$8.24M |
| Capital Expenditure | -$563K | -$169K | -$9.15M | -$8.83M | -$5.24M | -$154K | -$6M | -$6M | -$6.47M | -$9.27M | -$661K | -$3.98M |
| Free Cash Flow | $28.79M | $23.79M | $5.92M | $3.63M | $3.7M | $6.37M | -$4.36M | -$14.05M | -$16.88M | -$15.99M | -$8.9M | -$12.21M |
| Cash at Beginning | $36.5M | $32.03M | $31.81M | $34.26M | $12.96M | $11.78M | $9.95M | $65K | $226K | $0 | $0 | $0 |
| Cash at End | $43.56M | $36.5M | $32.03M | $31.81M | $34.26M | $12.96M | $11.78M | $9.95M | $65K | $226K | -$6M | -$6M |