Business
red violet Announces Third Quarter 2025 Financial Results
Revenue Increases 21% to a Record $23.1 Million Producing a Record $10.2 Million in Cash Flow from Operations Announces $15.0 Million Increase to Share
About this update from Red Violet, Inc.
[{"type":"text","content":"Revenue Increases 21% to a Record $23.1 Million Producing a Record $10.2 Million in Cash Flow from Operations Announces $15.0 Million Increase to Share Repurchase Program BOCA RATON, Fla., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended September 30, 2025. “We are thrilled to report another record-breaking quarter, delivering new highs across all key financial metrics,” stated Derek Dubner, red violet’s CEO. “This achievement reflects exceptional execution across our organization and accelerating adoption of our solutions across a diverse set of industries. Our record performance and strong momentum are not only delivering results today, but also enabling continued investment in product innovation, go-to-market expansion, and enterprise-wide AI initiatives that further extend our market leadership. We are leveraging our technology advantage to drive innovation, efficiency, and significant value creation for our customers and shareholders.” Third Quarter Financial Results For the three months ended September 30, 2025 as compared to the three months ended September 30, 2024: Total revenue increased 21% to $23.1 million.Gross profit increased 26% to $16.8 million. Gross margin increased to 73% from 70%.Adjusted gross profit increased 23% to $19.4 million. Adjusted gross margin increased to 84% from 83%.Net income increased 145% to $4.2 million, which resulted in earnings of $0.30 and $0.29 per basic and diluted share, respectively. Net income margin increased to 18% from 9%.Adjusted EBITDA increased 35% to $9.0 million. Adjusted EBITDA margin increased to 39% from 35%.Adjusted net income increased 75% to $5.8 million, which resulted in adjusted earnings of $0.41 and $0.39 per basic and diluted share, respectively.Net cash provided by operating activities increased 40% to $10.2 million.Cash and cash equivalents were $45.4 million as of September 30, 2025. Third Quarter and Recent Business Highlights Added 304 customers to IDI™ during the third quarter, ending the quarter with 9,853 customers. Added 25,538 users to FOREWARN® during the third quarter, ending the quarter with 372,209 users. Over 590 REALTOR® Associations throughout the U.S. are now contracted to use FOREWARN.Increased the Stock Repurchase P...