red violet Reports Third Quarter 2026 Financial Results

(NASDAQ: RDVT) Red Violet, Inc. reported financial results for the quarter ended September 30, 2026. The company achieved record revenue, surpassing $100 million in trailing twelve-month revenue for the first time. For the three months ended September 30, 2026, total revenue increased 20% to $27.8 million compared to the same period in 2025. Gross profit increased 25% to $21.0 million, and gross margin rose to 76% from 73%. Adjusted gross profit increased 22% to $23.7 million, with adjusted gross margin increasing to 85% from 84%. Net income increased 29% to $5.4 million, resulting in earnings of $0.35 per basic and diluted share. Net income margin increased to 20% from 18%. Adjusted EBITDA increased 22% to $11.0 million, and adjusted EBITDA margin increased to 40% from 39%. Adjusted net income increased 23% to $7.3 million, resulting in adjusted earnings of $0.48 and $0.47 per basic and diluted share, respectively. Net cash provided by operating activities increased 25% to $12.7 million. As of September 30, 2026, cash and cash equivalents together with investments in U.S. Treasury securities totaled $165.7 million, with no debt. The company closed an underwritten public offering of 1,916,667 shares of common stock, including 250,000 shares sold pursuant to the full exercise of the underwriters’ option, providing net proceeds of $108.7 million after deducting underwriting discounts, commissions, and offering expenses. During the third quarter, Red Violet added 383 customers to IDI™, ending the quarter with 11,252 customers. The company also added 19,688 users to FOREWARN®, ending the quarter with 462,861 users. Over 665 REALTOR® Associations throughout the U.S. are now contracted to use FOREWARN. Derek Dubner, CEO of Red Violet, stated that the expansion of digital interactions and AI-driven fraud is fueling demand for the company's identity resolution, fraud prevention, and compliance solutions. The company hosted a conference call and webcast on November 4, 2026, at 4:30 pm ET to discuss quarterly results and provide a business update.

red violet Announces Closing of $115 Million Underwritten Public Offering of Common Stock, Including Full Exercise of Underwriters’ Option

(NASDAQ: RDVT) Red Violet, Inc. announced the closing of its underwritten public offering of 1,916,667 shares of its common stock, including 250,000 shares of common stock sold pursuant to the exercise in full by the underwriters of their option. red violet estimates net proceeds from the Offering to be approximately $108.6 million, after deducting underwriting discounts and commissions and estimated offering expenses. Raymond James and Needham & Company acted as joint book-running managers and as representatives of the underwriters for the Offering. B. Riley Securities and Craig-Hallum acted as co-managers, and Lake Street Capital Markets served as financial advisor to red violet. Akerman LLP served as legal counsel to red violet and Cooley LLP served as legal counsel to the underwriters. A shelf registration statement on Form S-3 relating to the shares of common stock issued in the Offering was previously filed with the U.S. Securities and Exchange Commission on November 19, 2025, and declared effective by the SEC on November 25, 2025. The company intends to use the net proceeds of the Offering for working capital and general corporate purposes, including potential strategic acquisitions.

red violet Announces Pricing of $100 Million Underwritten Public Offering of Common Stock

(NASDAQ: RDVT) Red Violet, Inc. announced the pricing of its underwritten public offering of 1,666,667 shares of its common stock at a public offering price of $60.00 per share. The gross proceeds to red violet from the Offering, before deducting underwriting discounts and commissions and offering expenses payable by red violet, are expected to be $100 million. The Offering is expected to close on August 7, 2026, subject to customary closing conditions. Red violet has granted the underwriters a 30-day option to purchase up to an additional 250,000 shares of common stock at the public offering price, less the underwriting discounts and commissions. Raymond James and Needham & Company are acting as joint book-running managers and representatives of the underwriters for the Offering, while B. Riley Securities and Craig-Hallum are acting as co-managers. A shelf registration statement on Form S-3 relating to the shares of common stock offered in the Offering was previously filed with the U.S. Securities and Exchange Commission on November 19, 2025, and declared effective by the SEC on November 25, 2025. The company projects that the net proceeds from the Offering will be used for working capital and general corporate purposes, including potential strategic acquisitions.

red violet Announces Proposed Public Offering of Common Stock

(NASDAQ: RDVT) Red Violet, Inc. announced the commencement of a proposed underwritten public offering of shares of its common stock. Red violet intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of shares of its common stock offered in the Offering on the same terms and conditions. All of the shares of common stock to be sold in the Offering will be offered by red violet. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Red violet intends to use the net proceeds from the Offering for working capital and general corporate purposes, including potential strategic acquisitions. Raymond James and Needham & Company are acting as joint book-running managers and as representatives of the underwriters for the Offering. A shelf registration statement on Form S-3 relating to the shares of common stock to be offered was previously filed with the U.S. Securities and Exchange Commission on November 19, 2025 and declared effective by the SEC on November 25, 2025.

IDI Brings Its Industry-Leading Identity Graph to Snowflake Marketplace, Enabling Natural-Language Analytics Through Cortex AI

(NASDAQ: RDVT) Interactive Data, LLC ("IDI"), a red violet company, announced the availability of select IDI datasets through the Snowflake Marketplace. The integration provides Snowflake's Global ecosystem with direct access to IDI's proprietary identity graph and enables business users to query that data in plain English through Snowflake's Cortex AI. IDI's consumer dataset covers nearly 100% of the U.S. adult population, and its property dataset spans more than 150 million residential and commercial properties. The datasets are semantically modeled for compatibility with Cortex AI, supporting marketing, risk, fraud, and compliance functions. IDI's proprietary AI-powered entity resolution engine ensures a comprehensive, reliable view of identity relationships to support enterprise workflows at scale. The company states that its availability on Snowflake Marketplace reflects a broader strategy of meeting enterprise customers where they already work and reducing integration complexity. No specific revenue, cost, or financial figures are disclosed in the announcement.