Red Violet, Inc.
- Open
- 73.70
- Day high
- 74.40
- Day low
- 72.49
- Prev close
- 73.16
- Volume
- 15K
- Mkt cap
- $1.2B
- P/E (TTM)
- 62.9
- EPS (TTM)
- $1.16
- P/B
- 10.5
- P/S
- 11.8
- Yield
- —
- Per share
- —
- ▲Insiders net buying $143K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
Red Violet, Inc. (RDVT) is a Technology company listed on NASDAQ. The stock is up 45% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Red Violet, Inc. (RDVT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RDVT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 10, 2026 | $0.33 | $0.50 | +50.1% | $27M | +4.3% |
| May 6, 2026 | $0.32 | $0.46 | +43.8% | $26M | +4.9% |
| Mar 4, 2026 | $0.15 | $0.21 | +40.0% | $23M | -7.1% |
| Nov 5, 2025 | $0.32 | $0.39 | +21.9% | $23M | +4.9% |
| Feb 27, 2025 | $0.09 | $0.09 | +0.0% | $20M | +8.2% |
| Mar 7, 2024 | — | $0.02 | — | $15M | — |
| Mar 8, 2023 | — | $-0.12 | — | $13M | — |
| Aug 9, 2022 | — | $-0.01 | — | $12M | — |
| May 4, 2022 | — | $0.01 | — | $13M | — |
| Mar 9, 2022 | — | $-0.14 | — | $11M | — |
| Aug 11, 2021 | — | $0.13 | — | $11M | — |
| Mar 10, 2021 | — | $-0.15 | — | $9M | — |
RDVT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | LIVEK WILLIAM PAULdirector | Buy | 2,000 | $71.49 |
| Jun 5, 2026 | LIVEK WILLIAM PAULdirector | Grant | 2,088 | — |
| Jun 5, 2026 | Rubin Steven Ddirector | Grant | 2,179 | — |
| Jun 5, 2026 | Stanton Lisa M.director | Grant | 2,179 | — |
| Jun 5, 2026 | Strakosch Gregdirector | Grant | 2,088 | — |
| Jun 1, 2026 | DELL JEFFREY ALANofficer: Chief Information Officer | Sell | 5,000 | $57.62 |
| Jun 1, 2026 | Dubner Derekdirector, officer, other: Chief Executive Officer | Sell | 6,000 | $57.62 |
| Jun 1, 2026 | MacLachlan Danielofficer: Chief Financial Officer | Sell | 6,000 | $57.62 |
| Jun 1, 2026 | Reilly James Patrickofficer: President | Sell | 6,000 | $57.62 |
| Mar 3, 2026 | Strakosch Gregdirector | Grant | 1,857 | — |
| Dec 22, 2025 | DELL JEFFREY ALANofficer: Chief Information Officer | Tax | 3,935 | $55.87 |
| Dec 22, 2025 | DELL JEFFREY ALANofficer: Chief Information Officer | Grant | 13,890 | — |
| Dec 22, 2025 | Stanton Lisa M.director | Grant | 4,450 | — |
| Dec 22, 2025 | Strakosch Gregdirector | Grant | 2,130 | — |
| Dec 22, 2025 | Dubner Derekdirector, officer, other: Chief Executive Officer | Grant | 18,520 | — |
Source: RDVT SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full RDVT insider & 13F page →Red Violet, Inc. company profile
Overview
Red Violet, Inc. (NASDAQ:RDVT) is a Florida-based software and services company founded in 2017 that specializes in identity intelligence solutions. The company went public in March 2018 and has since established itself as a provider of investigative and risk mitigation technologies serving various industries including financial services, insurance, healthcare, law enforcement, and real estate. Red Violet operates through proprietary data analytics platforms that help organizations verify identities, detect fraud, and assess risks in an increasingly digital economy.
Business
Red Violet operates in the identity intelligence and data analytics industry, providing software solutions that help organizations verify identities, mitigate risks, and prevent fraud. The company's core business revolves around two primary platforms that leverage vast amounts of consumer and business data to deliver actionable insights. The company's flagship product is idiCORE, an investigative solution that serves as a comprehensive identity intelligence platform. This system aggregates and analyzes massive datasets to help organizations conduct due diligence, authenticate identities, detect fraud, and ensure regulatory compliance. The platform is used by financial institutions to verify customer identities during account opening, by insurance companies to investigate claims, and by law enforcement agencies to conduct investigations. idiCORE essentially functions as a digital detective tool that can quickly piece together identity information from multiple data sources. The second major product is FOREWARN, a mobile application designed primarily for real estate professionals. This app provides instant background information about individuals before face-to-face meetings, helping real estate agents identify potential safety risks or problematic clients. When an agent is about to meet a prospective buyer or seller, they can input the person's phone number into FOREWARN and receive immediate insights about that individual's background, criminal history, and other relevant information. The company serves multiple market segments with varying revenue contributions. The Financial and Corporate Risk vertical has shown the strongest growth, serving banks, insurance companies, and other financial institutions. The Investigative segment, particularly law enforcement agencies, has demonstrated consistent growth over 12 consecutive quarters. The Collections industry represents another significant segment, helping debt collectors verify debtor information and assess collection prospects. The Real Estate vertical, primarily through FOREWARN, serves real estate professionals, while Emerging Markets include government agencies, legal firms, healthcare organizations, and retail companies seeking identity verification services.
Revenue model
Red Violet generates revenue primarily through software-as-a-service subscriptions and usage-based pricing models. Customers pay for access to the company's data platforms, with pricing typically based on the number of searches or queries performed. The company serves over 9,200 billable customers for its IDI platform and has grown its FOREWARN user base to over 325,000 users across more than 545 realtor associations. The business model benefits from several revenue-enhancing factors. Economic uncertainty and rising fraud rates increase demand for identity verification and risk assessment services, as organizations become more cautious about customer onboarding and transaction monitoring. Digital transformation trends drive adoption as companies move away from manual verification processes. The company's expanding identity graph and proprietary data assets create network effects, where more data inputs improve the accuracy and value of insights, allowing for premium pricing. However, several factors could pressure margins. Data acquisition costs represent a significant expense, as the company must purchase access to various consumer and business databases to maintain its comprehensive identity graph. Competition from larger technology companies with substantial resources could force pricing pressure. Economic downturns might reduce customer spending on non-essential services, though the company's fraud prevention focus provides some recession resilience. Regulatory changes around data privacy and consumer protection could increase compliance costs or limit data access. The company must also continuously invest in technology infrastructure and artificial intelligence capabilities to maintain its competitive edge, requiring ongoing capital expenditure that could impact short-term profitability. The company's customer base spans multiple industries, providing diversification that helps balance cyclical variations. Financial services customers may increase spending during fraud waves, while collections customers typically see higher demand during economic stress periods, creating a somewhat countercyclical revenue pattern.
Competitive moat
Red Violet's competitive moat centers on its proprietary identity graph and data aggregation capabilities, though this moat faces increasing challenges from well-funded competitors. The company has built an extensive consumer identity database by aggregating information from thousands of public and private data sources, creating what management calls the most comprehensive identity graph in the industry. This data advantage creates network effects where additional data inputs improve the accuracy and completeness of identity profiles, making the platform more valuable to customers. The company benefits from high customer switching costs, as clients integrate Red Violet's APIs and workflows into their operational processes. Financial institutions, law enforcement agencies, and other users develop dependencies on the specific data formats and search capabilities, making migration to alternative providers costly and disruptive. The company has also built specialized applications like FOREWARN that serve niche markets with limited direct competition. However, the moat strength is moderate rather than insurmountable. Large technology companies like Google, Microsoft, and Amazon possess vastly superior financial resources and could potentially replicate Red Violet's data aggregation model. Traditional credit bureaus such as Experian, Equifax, and TransUnion already maintain extensive consumer databases and have been expanding into adjacent identity verification markets. The regulatory environment around data privacy continues to evolve, potentially limiting access to certain data sources that currently provide competitive advantages. The company's relatively small size compared to potential competitors creates both vulnerability and opportunity. While Red Violet lacks the resources to compete on scale, its focused approach and specialized expertise in identity intelligence allows it to serve customer needs that larger, more generalized platforms might overlook. The key question for long-term competitiveness will be whether the company can maintain its data quality advantage and continue innovating faster than larger competitors can replicate its capabilities.
Risks & safety
Red Violet demonstrates strong financial stability with minimal solvency risk, though valuation metrics suggest limited margin of safety at current prices. • Liquidity and Debt: The company maintains $34.6 million in cash with minimal debt (debt-to-equity ratio of 0.02), providing substantial financial cushion. Current ratio of 9.0 indicates excellent short-term liquidity. • Cash Generation: Strong free cash flow of $4.9 million in Q1 2025, with consistent positive operating cash flow generation. No significant cash burn concerns. • Valuation Metrics: Trading at 38.2x P/E ratio and 17.5x EV/EBITDA, indicating premium valuation. Price-to-book ratio of 5.7x suggests limited asset-based downside protection. • Growth Premium: High valuation multiples reflect strong growth expectations (26% revenue growth in Q1 2025), creating vulnerability if growth decelerates. • Market Position: Small market cap of approximately $637 million makes the stock susceptible to volatility, though strong balance sheet provides stability during market stress.
Recent development
Over the past several years, Red Violet has executed a focused strategy of platform enhancement, market expansion, and artificial intelligence integration. The company has made significant investments in transitioning to a cloud-native technology architecture, enabling better scalability and performance for its identity intelligence platforms. A major strategic initiative has been the expansion into law enforcement markets, where the company has achieved 12 consecutive quarters of growth in its investigative vertical. The hiring of Jonathan McDonald as Executive Vice President of Public Sector reflects the company's commitment to government market penetration, targeting approximately 15,000-18,000 law enforcement agencies nationwide where current penetration remains minimal. The company has substantially increased its investment in artificial intelligence and machine learning capabilities, adding deep learning experts to enhance its identity graph and develop predictive risk signals. Recent AI-driven product developments include enhanced mobile applications for law enforcement, geospatial search capabilities, account monitoring features, and natural language processing interfaces that allow users to interact with the platform more intuitively. FOREWARN has demonstrated remarkable consistency with 20 consecutive quarters of sequential revenue growth, expanding from serving real estate professionals to exploring applications in other industries requiring personal safety verification. The platform has grown to over 325,000 users across more than 545 realtor associations, with plans to expand into additional safety-focused verticals. The company has also focused on expanding its high-value customer base, growing from 72 customers generating over $100,000 in annual revenue in 2023 to nearly 110 such customers by early 2025. This shift toward larger enterprise customers reflects the company's strategy of moving upmarket to capture higher-value, stickier customer relationships that provide more predictable revenue streams.
RDVT company profile · for informational purposes only — not investment advice.
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