Red Violet, Inc. RDVT
This business description should be read in conjunction with our audited consolidated financial statements and accompanying notes thereto appearing elsewhere in this Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), which are incorporated herein by this reference.
Red Violet, Inc. ("we," "us," "our," "red violet," or the "Company"), a Delaware corporation, is dedicated to making the world a safer place and reducing the cost of doing business. We build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our cloud-native, AI-enabled identity intelligence platform, CORETM, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. We drive workflow efficiency and enable organizations to make better data-driven decisions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $90.3M | $75.2M | $60.2M | $53.3M | $44.0M | $34.6M | $30.3M | $16.3M | $8.6M | — |
| SG&A | $30.0M | $25.9M | $22.4M | $23.2M | $19.8M | $17.8M | $18.8M | $8.4M | $17.5M | — |
| Total operating expenses | $77.1M | $67.3M | $57.7M | $53.0M | $45.3M | $41.4M | $41.5M | $23.8M | $30.1M | — |
| Operating income | $13.1M | $7.9M | $2.5M | $361.0K | -$1.3M | -$6.8M | -$11.2M | -$7.5M | -$21.5M | — |
| Interest expense | $1.4M | $1.4M | $1.3M | $0 | $11.0K | $12.0K | — | — | — | — |
| Pre-tax income | $14.6M | $9.3M | $3.8M | $712.0K | $853.0K | -$6.8M | -$11.1M | -$6.9M | -$21.5M | — |
| Income tax | $1.4M | $2.3M | $9.7M | $96.0K | $198.0K | $0 | — | — | — | — |
| Net income | $13.2M | $7.0M | $13.5M | $616.0K | $655.0K | -$6.8M | -$11.1M | -$6.9M | -$21.5M | — |
| EPS, basic | 0.94 | 0.51 | 0.97 | 0.04 | 0.05 | -0.57 | — | — | — | — |
| EPS, diluted | 0.91 | 0.50 | 0.96 | 0.04 | 0.05 | -0.57 | -1.03 | -0.67 | -2.09 | — |
| Shares, diluted (wtd. avg.) | 14.4M | 14.1M | 14.1M | 14.1M | 13.4M | 11.9M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $43.6M | $36.5M | $32.0M | $31.8M | $34.3M | $13.0M | $11.8M | $9.9M | $65.0K | $226.0K |
| Receivables | $10.7M | $8.1M | $7.1M | $5.5M | $3.7M | $3.2M | $3.5M | $2.3M | $1.6M | — |
| Total current assets | $56.5M | $46.2M | $40.3M | $38.1M | $38.6M | $16.7M | $16.0M | $13.1M | $2.3M | — |
| Property, plant and equipment | $882.0K | $545.0K | $592.0K | $709.0K | $577.0K | $558.0K | $660.0K | $852.0K | $1.1M | — |
| Goodwill | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | $5.2M | — |
| Other intangibles | $39.3M | $36.0M | $34.4M | $31.6M | $28.2M | $27.2M | $24.0M | $20.0M | $15.4M | — |
| Total assets | $112.0M | $98.5M | $93.0M | $77.4M | $74.4M | $52.0M | $48.9M | $39.8M | $25.1M | — |
| Accounts payable | $2.0M | $2.1M | $1.6M | $2.2M | $1.6M | $2.1M | $2.1M | $2.2M | $2.6M | — |
| Short-term debt | — | — | — | — | $0 | $449.0K | $0 | — | — | — |
| Total current liabilities | $7.9M | $10.3M | $4.9M | $5.4M | $3.5M | $5.0M | $4.3M | $3.5M | — | — |
| Long-term debt | — | — | — | — | $0 | $1.7M | $0 | — | — | — |
| Total liabilities | $11.1M | $11.9M | $6.9M | $6.3M | $4.9M | $8.6M | $6.8M | $3.5M | $7.4M | — |
| Retained earnings | $12.3M | -$870.0K | -$7.9M | -$21.4M | -$22.0M | -$22.7M | -$15.9M | -$4.8M | — | — |
| Total equity | $100.9M | $86.6M | $86.1M | $71.1M | $69.4M | $43.3M | $42.1M | $36.3M | $17.7M | $15.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $29.3M | $24.0M | $15.1M | $12.5M | $8.9M | $6.5M | $1.6M | -$8.1M | -$10.4M | — |
| Depreciation and amortisation | $10.7M | $9.6M | $8.4M | $233.0K | $5.4M | $4.2M | $2.9M | $2.0M | $1.1M | — |
| Stock-based compensation | $6.5M | $5.9M | $5.4M | $5.5M | $6.6M | $8.1M | $9.9M | $709.0K | $2.9M | — |
| Capital expenditure | $563.0K | $169.0K | $122.0K | $373.0K | $280.0K | $154.0K | $90.0K | $90.0K | $515.0K | — |
| Investing cash flow | -$11.2M | -$9.6M | -$9.1M | -$8.8M | -$5.2M | -$5.7M | -$6.0M | -$6.0M | -$6.5M | — |
| Financing cash flow | -$11.1M | -$9.9M | -$5.7M | -$6.1M | $17.6M | $324.0K | $6.2M | $23.9M | $16.7M | — |
| Buybacks | $915.0K | $5.9M | $3.7M | $878.0K | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-167043.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $8.6M | $16.3M | $30.3M | $34.6M | $44.0M | $53.3M | $60.2M | $75.2M | $90.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -$21.5M | -$6.9M | -$11.1M | -$6.8M | $655.0K | $616.0K | $13.5M | $7.0M | $13.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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