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% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 53.32 | 60.20 | 75.19 | 90.25 |
| Operating Revenue | - | 53.32 | 60.20 | 75.19 | 90.25 |
| Cost Of Revenue | - | 12.21 | 13.07 | 14 | 14.68 |
| Gross Profit | - | 41.11 | 47.14 | 61.19 | 75.58 |
| Operating Expense | - | 40.75 | 44.63 | 53.27 | 62.44 |
| Selling General And Administration | - | 34.07 | 36.28 | 43.71 | 51.77 |
| Total Expenses | - | 52.96 | 57.70 | 67.27 | 77.11 |
| Operating Income | - | 0.36 | 2.50 | 7.92 | 13.14 |
| Total Operating Income As Reported | - | 0.36 | 2.50 | 7.92 | 13.14 |
| EBITDA | - | 7.04 | 10.86 | 17.48 | 23.81 |
| Normalized EBITDA | - | 7.04 | 10.86 | 17.48 | 23.81 |
| EBIT | - | 0.36 | 2.50 | 7.92 | 13.14 |
| Interest Income | - | - | 1.33 | 1.40 | 1.42 |
| Net Interest Income | - | 0.35 | 1.33 | 1.40 | 1.42 |
| Other Income Expense | 2.17 | - | - | - | - |
| Interest Income Non Operating | - | - | 1.33 | 1.40 | 1.42 |
| Net Non Operating Interest Income Expense | - | 0.35 | 1.33 | 1.40 | 1.42 |
| Pretax Income | - | 0.71 | 3.84 | 9.32 | 14.56 |
| Tax Provision | - | 0.10 | -9.69 | 2.32 | 1.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 0.62 | 13.53 | 7 | 13.15 |
| Net Income From Continuing And Discontinued Operation | - | 0.62 | 13.53 | 7 | 13.15 |
| Net Income From Continuing Operation Net Minority Interest | - | 0.62 | 13.53 | 7 | 13.15 |
| Net Income | - | 0.62 | 13.53 | 7 | 13.15 |
| Net Income Common Stockholders | - | 0.62 | 13.53 | 7 | 13.15 |
| Net Income Including Noncontrolling Interests | - | 0.62 | 13.53 | 7 | 13.15 |
| Normalized Income | - | 0.62 | 13.53 | 7 | 13.15 |
| Diluted NI Availto Com Stockholders | - | 0.62 | 13.53 | 7 | 13.15 |
| Basic Average Shares | - | 13.76 | 13.97 | 13.86 | 14.04 |
| Diluted Average Shares | - | 14.11 | 14.13 | 14.13 | 14.40 |
| Reconciled Depreciation | - | 6.68 | 8.35 | 9.56 | 10.67 |
| Reconciled Cost Of Revenue | - | 12.21 | 13.07 | 14 | 14.68 |
| Total Unusual Items | 2.17 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 2.17 | 0 | - | - | - |
| Special Income Charges | 2.17 | 0 | - | - | - |
| Other Special Charges | -2.17 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 6.68 | 8.35 | 9.56 | 10.67 |
| Depreciation And Amortization In Income Statement | - | 6.68 | 8.35 | 9.56 | 10.67 |
| General And Administrative Expense | - | 23.24 | 22.45 | 25.88 | 30.02 |
| Other Gand A | - | 23.24 | 22.45 | 25.88 | 30.02 |
| Total Other Finance Cost | 0.01 | -0.35 | -1.33 | - | - |
| Selling And Marketing Expense | - | 10.83 | 13.83 | 17.84 | 21.75 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Red Violet, Inc.this co. | RDVT | $763M | 58.01β premium | 7.56 | 13.0% | 30.34 |
| Cantaloupe, Inc. | CTLP | $826M | 12.91 | 3.25 | 25.2% | 19.06 |
| Ibotta, Inc. | IBTA | $764M | 213.61 | 2.65 | 1.2% | 80.56 |
| PagerDuty, Inc. | PD | $733M | 4.21 | 2.89 | 68.6% | 17.07 |
| Sabre Corporation | SABR | $731M | 1.39 | -0.70 |
| - |
| - |
| - |
| - |
| -49.9% |
| 13.78 |
| Daily Journal Corporation | DJCO | $728M | 6.49 | 1.86 | 28.7% | 4.81 |
| N-able, Inc. | NABL | $723M | - | 0.90 | -2.1% | 12.64 |
| Mitek Systems, Inc. | MITK | $719M | 81.70 | 2.99 | 3.7% | 18.48 |
| Frequency Electronics, Inc. | FEIM | $713M | 30.09 | 12.81 | 42.6% | 50.11 |
| Peer Median | - | 12.91 | 2.77 | 14.4% | 17.77 | |