Red Violet Inc
F:2KH
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
R
|
Red Violet Inc
F:2KH
|
US |
|
J
|
Jiangxi Copper Co Ltd
OTC:JIAXF
|
CN |
|
T
|
Thermo Fisher Scientific Inc
F:TN8
|
US |
|
T
|
Toyota Industries Corp
F:TAH0
|
JP |
|
W
|
Wendys Co
SWB:TQK
|
US |
Red Violet Inc
Red Violet is a data analytics and identity intelligence company. It builds software that pulls together public records and other data sources, then cleans and matches that information so customers can search for people, verify identities, and spot risk more easily. Its main products are cloud-based investigative and screening tools sold through its own platform. The company mainly serves businesses and professionals that need to check who they are dealing with, such as lenders, insurers, collections firms, law firms, investigators, and some real estate and public-safety users. These customers use Red Violet’s tools to detect fraud, locate people, connect related records, and support due diligence and investigations. The company makes money by charging for software access, subscriptions, and data lookups. What makes Red Violet different is that it sits in the middle of a messy data chain. It does not just resell records; it organizes large amounts of fragmented information into products that are easier to use in everyday decision-making. That gives it a focused role in identity verification, fraud prevention, and investigative search.
Red Violet is a data analytics and identity intelligence company. It builds software that pulls together public records and other data sources, then cleans and matches that information so customers can search for people, verify identities, and spot risk more easily. Its main products are cloud-based investigative and screening tools sold through its own platform.
The company mainly serves businesses and professionals that need to check who they are dealing with, such as lenders, insurers, collections firms, law firms, investigators, and some real estate and public-safety users. These customers use Red Violet’s tools to detect fraud, locate people, connect related records, and support due diligence and investigations. The company makes money by charging for software access, subscriptions, and data lookups.
What makes Red Violet different is that it sits in the middle of a messy data chain. It does not just resell records; it organizes large amounts of fragmented information into products that are easier to use in everyday decision-making. That gives it a focused role in identity verification, fraud prevention, and investigative search.
Record quarter: Red Violet reported record revenue of $25.8 million, up 17% year over year, with management noting the underlying growth was stronger after adjusting for $1.2 million of one-time revenue in the prior-year quarter.
Margin expansion: Adjusted gross margin hit a record 85% and adjusted EBITDA margin reached a record 41%, showing strong operating leverage as the business scales.
Customer momentum: IDI added 400 new billable customers, one of the strongest quarterly additions in company history, while FOREWARN grew to more than 417,000 users.
AI tailwind: Management said AI is speeding up product development and internal productivity, and they see it as a force multiplier rather than a threat because it sits on top of their identity graph and data foundation.
Capital returns: The company ended the quarter with $43.5 million in cash and still has $15.6 million left under its share repurchase program after buying back 73,250 shares.
Outlook tone: Management did not give formal guidance, but said near-term adjusted EBITDA margins should trend in the mid- to high 30% range as they keep investing in growth.
