Education
About Us
Working with TipRanks
Follow Us
Red Violet Inc (RDVT)
NASDAQ:RDVT
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.28Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 19.99%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in revenue, customer base, and vertical performance, along with strong cash flow and customer retention. However, there were some challenges, such as a decline in the real estate vertical, a decrease in the percentage of contractual revenue, and increased expenses. Despite these challenges, the overall performance and strategic initiatives indicate strong future potential.Company Guidance
During the first quarter of 2025, Red Violet demonstrated impressive financial performance with several record-setting metrics. The company's revenue increased by 26% year-over-year to $22 million, while adjusted gross profit rose 33% to $18.3 million, resulting in a record adjusted gross margin of 83%. Adjusted EBITDA surged 47% to $8.4 million, with an adjusted EBITDA margin reaching 38%, up 6 percentage points from the previous year. Adjusted net income saw a 53% increase, totaling $4.8 million, equating to $0.33 per diluted share. The IDI billable customer base grew by 315 sequentially, reaching 9,241 customers, while FOREWARN added 21,918 users, ending the quarter with 325,336 users. The company also reported strong cash generation, with $5 million in cash from operating activities and $2.5 million in free cash flow. Despite macroeconomic uncertainties, Red Violet's focus on innovation, efficiency, and strategic investment positions them well for continued growth and resilience through economic fluctuations.Record-Breaking Revenue and Growth
Revenue for the quarter was up 26% to a record $22 million, producing a record adjusted gross profit of $18.3 million and a record adjusted gross margin of 83%. Adjusted EBITDA for the quarter was up 47% to a record $8.4 million, with a record adjusted EBITDA margin of 38%, up 6 percentage points. Adjusted net income increased 53% to a record $4.8 million, resulting in a record adjusted earnings of $0.33 per diluted share.
Increase in Customer Base
IDI billable customer base increased by 315 customers sequentially from the fourth quarter, ending the first quarter at 9,241 customers. Within FOREWARN, 21,918 users were added during the first quarter, ending the quarter with 325,336 users.
Strong Performance Across Verticals
Growth observed across IDI's verticals, with the emerging markets vertical delivering strong double-digit revenue growth and the investigative vertical driven by law enforcement growing sequentially since Q4 of 2021. Financial and corporate risk vertical showed strong double-digit revenue growth, and FOREWARN marked its 20th consecutive quarter of sequential revenue growth.
High Customer Retention
Gross revenue retention was 96% for the quarter, an increase of 3 percentage points over the prior year.
Strong Cash Flow and Dividends
Generated $5 million in cash from operating activities and $2.5 million in free cash flow in the first quarter. Paid out a special cash dividend of $0.30 per share, totaling $4.2 million.
RDVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RDVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $40.47 | $46.62 | +15.20% |
Feb 27, 2025 | $38.02 | $40.62 | +6.84% |
Nov 06, 2024 | $32.67 | $34.51 | +5.63% |
Aug 07, 2024 | $24.19 | $27.77 | +14.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Red Violet Inc (RDVT) report earnings?
Red Violet Inc (RDVT) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Red Violet Inc (RDVT) earnings time?
Red Violet Inc (RDVT) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDVT EPS forecast?
RDVT EPS forecast for the fiscal quarter 2025 (Q2) is 0.28.