Red Violet Inc RDVT

Information TechnologySoftware & IT ServicesUnited States of America

Last close 80.00 USD on Nov 1, 2026, +40.5% year to date

Quant rating

Quant rating C Rank 186 of 389 in Information Technology

Growth D 343 of 389
Valuation D 327 of 389
Quality B 117 of 389
Revisions C 214 of 389
Momentum A 19 of 389

Wall Street consensus Buy (2.00)Average target 84.50 USD +5.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.3B
Enterprise value: 1.2B
52-week range: 33.79 – 83.00
3-year range: 16.64 – 83.00
Dividend yield: –
Beta (5 years): 1.73
Shares outstanding: 16.0M
Next earnings: Nov 4, 2026

About the company

Red Violet, Inc. is engaged in building proprietary technologies and applying analytical capabilities to deliver identity intelligence. Its solutions enable the real-time identification and location of people, businesses, assets, and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Its AI/ML-driven identity intelligence platform, CORE, is purpose-built for the enterprise, flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. The CORE platform provides essential solutions to public and private sector organizations through analytical interfaces. It markets its solutions primarily through two brands, IDI and FOREWARN. IDI is an analytics and information solutions provider. idiCORE is IDI's flagship product. FOREWARN is an app-based solution tailored for the real estate industry.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	90.3	75.2	60.2	53.3	44.0	–
Revenue growth	20.0%	24.9%	12.9%	21.1%	27.3%	21.1%
EPS (basic, normalized)	1.30	0.82	–	–	–	–
EPS growth	58.5%	–	–	–	–	–
Gross margin	83.7%	81.4%	78.3%	77.1%	74.6%	79.0%
Net margin	14.6%	9.3%	22.5%	1.2%	1.5%	9.8%
ROE	14.0%	8.1%	17.2%	0.9%	1.2%	8.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	50.0
Current ratio	10.88x
Long-term debt (mil)	0
Net debt (mil)	−50.0
Total equity (mil)	112
Net debt / equity	−0.45x
Net debt / EBITDA	−1.61x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	90.3	+20.0%	13.7x	31.0	+37.3%	39.9x	1.30	+58.5%	61.5x
2026	107	+18.2%	11.6x	40.1	+29.7%	30.7x	1.66	+27.7%	48.2x
2027	121	+13.2%	10.2x	45.6	+13.5%	27.1x	1.76	+6.0%	45.5x
2028	136	+13.0%	9.0x	51.6	+13.3%	23.9x	2.05	+16.5%	39.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	107	0.0%	+1.7%	+3.7%	1.66	0.0%	+12.0%	+23.4%
2027	121	0.0%	+1.4%	+3.1%	1.76	0.0%	+8.2%	+13.7%
2028	136	0.0%	–	–	2.05	0.0%	–	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	19.1	19.6	22.0	21.8	23.1	23.4	25.8	26.7
Sales mean (mil)	–	–	18.4	18.1	20.4	21.4	22.6	22.0	24.6	25.6
Surprise	–	–	+3.4%	+8.2%	+7.7%	+1.5%	+1.9%	+6.3%	+4.9%	+4.3%
EPS reported	–	–	0.22	0.09	0.33	0.28	0.39	0.21	0.46	0.50
EPS mean	–	–	0.23	0.10	0.23	0.28	0.31	0.14	0.32	0.33
Surprise	–	–	−2.7%	−5.3%	+44.1%	+1.4%	+25.8%	+45.3%	+43.8%	+50.2%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RDVT Red Violet Inc	1.3B	−1.61x	14.6%	10.12x	48.2x	45.5x	30.7x	27.1x
VERX Vertex, Inc.	2.5B	0.67x	1.0%	10.02x	18.0x	14.5x	12.4x	10.0x
PONY Pony AI Inc	2.1B	4.66x	−148.9%	1.25x	−7.4x	−7.0x	−3.9x	−4.4x
KARO Karooooo Ltd	2.0B	0.37x	18.1%	11.03x	27.8x	23.5x	12.6x	11.0x
DJCO Daily Journal Corp	867M	–	127.9%	2.57x	–	–	–	–
RZLV Rezolve AI PLC	609M	−2.77x	−216.7%	1.51x	−2.5x	−3.8x	−14.6x	−128.3x
Mean		0.26x	−34.0%	6.08x	16.8x	14.5x	7.4x	−16.9x
Median		0.37x	7.8%	6.29x	18.0x	14.5x	12.4x	10.0x

Technical analysis

1M+1.8%
3M+20.4%
1Y+50.8%
3Y+320.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Red Violet Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	90.3	75.2	60.2	53.3	44.0	34.6
Cost of revenue	14.7	14.0	13.1	12.2	11.2	11.3
Gross profit	75.6	61.2	47.1	41.1	32.8	23.3
Selling, general & administrative expenses	51.8	43.7	36.3	34.1	28.7	25.9
Research & development	–	–	–	–	–	–
Depreciation/amortization	10.7	9.6	8.4	6.7	5.4	4.2
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	0	−2.2	–
Other operating expenses	0	0	0	0	0	0
Operating income	13.1	7.9	2.5	0.4	0.9	−6.8
Net interest income (expense)	1.4	1.4	1.3	0.4	0	0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	14.6	9.3	3.8	0.7	0.9	−6.8
Provision for taxes	1.4	2.3	−9.7	0.1	0.2	0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	13.2	7.0	13.5	0.6	0.7	−6.8
Extraordinary items	–	–	–	–	–	–
Net income	13.2	7.0	13.5	0.6	0.7	−6.8
EBIT, normalized	13.8	8.1	2.6	0.7	−1.1	−6.4
EBITDA, normalized	24.5	17.7	11.0	7.3	4.3	−2.1
Basic EPS, normalized	1.30	0.82	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Red Violet Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	43.6	36.5	32.0	31.8	34.3	13.0
Receivables	10.7	8.1	7.1	5.5	3.7	3.2
Total inventory	–	–	–	–	–	–
Prepaid expenses	2.3	1.6	1.1	0.8	0.6	0.6
Other current assets	0	0	0	0	0	0
Total current assets	56.5	46.2	40.3	38.1	38.6	16.7
Property, plant & equipment	3.5	2.4	3.0	1.8	2.2	2.7
Goodwill	5.2	5.2	5.2	5.2	5.2	5.2
Intangibles	39.3	36.0	34.4	31.6	28.2	27.2
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	7.5	8.7	10.0	0.6	0.1	0.1
Total assets	112	98.5	93.0	77.4	74.4	52.0
Liabilities
Accounts payable	2.0	2.1	1.6	2.2	1.6	2.1
Payable/accrued	–	–	–	–	–	–
Accrued expenses	4.0	3.2	2.4	2.4	0.9	1.8
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	0	0.4
Other current liabilities	1.9	5.0	0.8	0.8	0.9	0.7
Total current liabilities	7.9	10.3	4.9	5.4	3.5	5.0
Long-term debt	0	0	0	0	0	1.7
Minority interest	–	–	–	–	–	–
Other liabilities	3.2	1.6	2.0	0.9	1.5	1.9
Total liabilities	11.1	11.9	6.9	6.3	4.9	8.6
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	0	0	0	0	0
Additional paid-in capital	88.6	87.5	94.2	92.5	91.4	66.0
Retained earnings (accumulated deficit)	12.3	−0.9	−7.9	−21.4	−22.0	−22.7
Treasury stock	–	0	−0.2	–	–	0
Other equity	0	0	0	0	0	0
Total equity	101	86.6	86.1	71.1	69.4	43.3
Total liabilities & shareholders' equity	112	98.5	93.0	77.4	74.4	52.0

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Red Violet Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	13.2	7.0	13.5	0.6	0.7	−6.8
Depreciation, depletion & amortization	10.7	9.6	8.4	6.7	5.4	4.2
Deferred taxes	0.9	2.0	−9.8	0.1	0.2	–
Non-cash items	7.8	6.9	7.1	6.4	5.1	9.3
Changes in working capital	−3.2	−1.6	−4.1	−1.3	−2.4	−0.2
Cash from operations	29.3	24.0	15.1	12.5	8.9	6.5
Investing activities
Capital expenditures	−11.2	−9.6	−9.1	−8.8	−5.2	−5.7
Other investing cash flows	0	0	0	0	0	0
Cash from investing	−11.2	−9.6	−9.1	−8.8	−5.2	−5.7
Financing activities
Financing cash flow items	−6.0	−4.1	−2.0	−5.2	−3.3	−1.8
Cash dividends paid	−4.2	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−0.9	−5.9	−3.7	−0.9	20.9	2.2
Cash from financing	−11.1	−9.9	−5.7	−6.1	17.6	0.3
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	7.1	4.5	0.2	−2.4	21.3	1.2
Free cash flow	18.2	14.4	5.9	3.6	3.7	0.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.