Red Violet, Inc. (RDVT) Form 10-Q — Nov 4, 2026
Red Violet reported Q3 2026 revenue of $27.8 million, up 20% year over year, with net income up 29% to $5.4 million ($0.35 diluted EPS) and adjusted EBITDA up 22% to $11.0 million at a 40% margin. The company ended the quarter with $165.7 million in cash and Treasury investments and no debt, following an August 2026 underwritten offering of 1,916,667 shares at $60.00 that raised $108.7 million net. Growth drivers included IDI billable customers rising to 11,252 (from 9,853) and FOREWARN users rising to 462,861 (from 372,209), with 78% of revenue from recurring pricing contracts.
Key figures
- Eps
- 0.35
- Revenue
- 27751000
- Net Income
- 5445000
- Total Debt
- 0
- Revenue Yoy
- 20%
- Total Assets
- 237948000
- Cash Position
- $68.1 million cash and equivalents plus $97.6 million U.S. Treasury investments ($165.7 million total)
- Shares Outstanding
- 16051137
- Forewarn users
- 462861
- Gross margin q3
- 76%
- Q3 2025 revenue
- 23083000
- Free cash flow q3
- 8824000
- Adjusted ebitda q3
- 11001000
- Nine month revenue
- 80299000
- Capital commitments
- 32438000
- Nine month net income
- 14793000
- Offering net proceeds
- $108.7 million
- Idi billable customers
- 11252
- Nine month revenue yoy
- 20%
- Adjusted eps diluted q3
- 0.47
- Offering gross proceeds
- $115.0 million (August 2026, 1,916,667 shares at $60.00)
- Adjusted ebitda margin q3
- 40%
- Operating cash flow nine months
- 29893000
- Repurchase authorization remaining
- $15.5 million
- Backlog unsatisfied performance obligations
- 23904000
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