Red Violet, Inc., an analytics and information solutions company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, fraud detection and prevention, customer acquisition, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk. The company serves financial services, insurance, healthcare, retail, telecommunication companies, law enforcement and government agencies, collections, law, corporate security, and investigative firms. It markets its products and services through value-added distributors, resellers, and strategic partners; and trade shows and seminars, advertising, public relations, distribution of sales literature, and product specifications and ongoing communication with prospective customers, distributors, resellers, strategic partners, and installed base of current customers, as well as through direct sales. Red Violet, Inc. was incorporated in 2017 and is headquartered in Boca Raton, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $90M | $24M | $13M | $18M | 13.0% | 20.0% | 87.8% |
| 2024 | $75M | $17M | $7M | $14M | 8.1% | 24.9% | -48.2% |
| 2023 | $60M | $11M | $14M | $6M | 15.7% | 12.9% | 2096.3% |
| 2022 | $53M | $7M | $1M | $4M | 0.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 53.32 | 60.20 | 75.19 | 90.25 |
| Cost Of Revenue | 12.21 | 13.07 | 14 | 14.68 |
| Gross Profit | 41.11 | 47.13 | 61.19 | 75.58 |
| Operating Expense | 40.75 | 44.63 | 53.27 | 62.44 |
| Operating Income | 0.36 | 2.50 | 7.92 | 13.14 |
| EBITDA | 7.04 | 10.86 | 17.48 | 23.81 |
| EBIT | 0.36 | 2.50 | 7.92 | 13.14 |
| Pretax Income | 0.71 | 3.84 | 9.32 | 14.56 |
| Tax Provision | 0.10 | -9.69 | 2.32 | 1.40 |
| Net Income | 0.62 | 13.53 | 7 | 13.15 |
| Net Income Common Stockholders | 0.62 | 13.53 | 7 | 13.15 |
| Total Expenses | 52.96 | 57.70 | 67.27 | 77.11 |
| Interest Income | 0 | 1.33 | 1.40 | 1.42 |
| Selling General And Administration | 34.07 | 36.28 | 43.71 | 51.77 |
| Normalized EBITDA | 7.04 | 10.86 | 17.48 | 23.81 |
| Normalized Income | 0.62 | 13.53 | 7 | 13.15 |
| Basic EPS | 0.04 | 0.97 | 0.51 | 0.94 |
| Diluted EPS | 0.04 | 0.96 | 0.50 | 0.91 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.13 | 0.21 | 0.25 | 0.10 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 0.62 | 13.53 | 7 | 13.15 |
| Reconciled Depreciation | 6.67 | 8.35 | 9.56 | 10.67 |
| Reconciled Cost Of Revenue | 12.21 | 13.07 | 14 | 14.68 |
| Net Interest Income | 0.35 | 1.33 | 1.40 | 1.42 |
| Net Income From Continuing And Discontinued Operation | 0.62 | 13.53 | 7 | 13.15 |
| Total Operating Income As Reported | 0.36 | 2.50 | 7.92 | 13.14 |
| Diluted Average Shares | 14.11 | 14.13 | 14.13 | 14.40 |
| Basic Average Shares | 13.76 | 13.97 | 13.86 | 14.04 |
| Diluted NI Availto Com Stockholders | 0.62 | 13.53 | 7 | 13.15 |
| Net Income Including Noncontrolling Interests | 0.62 | 13.53 | 7 | 13.15 |
| Net Income Continuous Operations | 0.62 | 13.53 | 7 | 13.15 |
| Other Income Expense | 0 | 0 | 0 | 0 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | 0.35 | 1.33 | 1.40 | 1.42 |
| Total Other Finance Cost | -0.35 | -1.33 | 0 | 0 |
| Interest Income Non Operating | 0 | 1.33 | 1.40 | 1.42 |
| Depreciation Amortization Depletion Income Statement | 6.67 | 8.35 | 9.56 | 10.67 |
| Depreciation And Amortization In Income Statement | 6.67 | 8.35 | 9.56 | 10.67 |
| Selling And Marketing Expense | 10.83 | 13.83 | 17.84 | 21.75 |
| General And Administrative Expense | 23.24 | 22.45 | 25.88 | 30.02 |
| Other Gand A | 23.24 | 22.45 | 25.88 | 30.02 |
| Operating Revenue | 53.32 | 60.20 | 75.19 | 90.25 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Red Violet, Inc.this co. | RDVT | - | - | - | 13.0% | - |
| KULR Technology Group, Inc. | KULR | $111M | - | 0.91 | -50.9% | -2.45 |
| Expensify, Inc. | EXFY | $106M | - | 0.74 | -16.1% | -2.34 |
| SunPower Inc. | SPWR | $105M | - | -1.02 | 50.3% | -16.16 |
| CSP Inc. | CSPI | $103M | - | 2.29 | -0.2% |
| -30.63 |
| SoundThinking, Inc. | SSTI | $89M | - | 1.22 | -13.1% | 45.14 |
| Airship AI Holdings, Inc. | AISP | $76M | 2.91 | -10.63 | -410.1% | -9.02 |
| Neonode Inc. | NEON | $26M | 3.27 | 1.07 | 34.4% | -0.11 |
| zSpace, Inc. | ZSPC | $1M | - | -0.34 | 112.8% | -0.78 |
| Peer Median | - | 3.09 | 0.82 | -6.6% | -2.40 | |