Red Violet (NASDAQ:RDVT) Issues Quarterly Earnings Results

Posted by Francis Steltz on Nov 6th, 2026

Red Violet (NASDAQ:RDVT – Get Free Report) released its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06, reports. Red Violet had a net margin of 16.98% and a return on equity of 17.18%. The business had revenue of $27.75 million for the quarter, compared to analyst estimates of $27.22 million.

Here are the key takeaways from Red Violet’s conference call:

Red Violet reported record third-quarter revenue of $27.8 million, up 20%, and adjusted EBITDA of $11 million, up 22%, with a 40% margin. Operating cash flow also reached a record $12.7 million, and trailing 12-month revenue exceeded $100 million.
Growth was broad across customer groups and industries, with 383 new IDI billable customers and continued strength in financial services, background screening, law enforcement, and collections. Contractual revenue rose to 78% of the total, while gross revenue retention held at 96%.
IDI’s real estate business declined at a high-single-digit rate year over year, and management expects softness to persist until housing market conditions improve. FOREWARN’s growth partly offset the weakness, with double-digit revenue growth and nearly 20,000 users added.
The company plans to keep investing in its platform, AI, product development, and sales capacity while pursuing strategic acquisitions. It ended the quarter with $165.7 million in cash and U.S. Treasury investments and no debt, following an offering that generated about $109 million in net proceeds.

Red Violet Stock Performance

NASDAQ:RDVT traded down $2.07 during trading hours on Friday, reaching $70.05. The company’s stock had a trading volume of 74,418 shares, compared to its average volume of 171,947. The firm has a 50-day simple moving average of $77.21 and a 200-day simple moving average of $57.62. Red Violet has a 1 year low of $33.40 and a 1 year high of $83.15. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 59.39 and a beta of 1.73.

Insiders Place Their Bets

In related news, Director William Livek purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were acquired at an average cost of $71.49 per share, with a total value of $142,980.00. Following the purchase, the director directly owned 22,733 shares of the company’s stock, valued at approximately $1,625,182.17. This trade represents a 9.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 8.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RDVT has been the topic of several research analyst reports. Zacks Research lowered shares of Red Violet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Weiss Ratings upgraded Red Violet from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 13th. Lake Street Capital lifted their target price on Red Violet from $62.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Raymond James Financial initiated coverage on Red Violet in a report on Thursday, September 17th. They set an “outperform” rating and a $90.00 price target for the company. Finally, Wall Street Zen raised shares of Red Violet from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

View Our Latest Stock Analysis on RDVT

About Red Violet

(Get Free Report)

Red Violet, Inc (NASDAQ: RDVT) is a technology company that develops cloud-based identity intelligence and information solutions. Its platform helps organizations access, analyze and connect data to support investigations, risk management, fraud prevention, compliance and other decision-making activities.

The company’s products include idiCORE, an investigative and information services platform designed for users such as law enforcement agencies, government organizations, corporate security teams, insurance companies, financial institutions, collection agencies and other businesses.