What is Red Violet's operating income?

Red Violet's total operating income in 2025 was $13.14 million, based on the following breakdown: Total Gross Profit: $90.25 million Total Operating Expenses: $77.11 million

Red Violet (RDVT) Financials

$54.79 +2.56 (+4.90%)

Closing price 04:00 PM Eastern

Extended Trading

$54.84 +0.05 (+0.08%)

As of 06:27 PM Eastern

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Annual Income Statements for Red Violet

This table shows Red Violet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-22	-6.87	-11	-6.81	0.66	0.62	14	7.00	13
Consolidated Net Income / (Loss)	-22	-6.87	-11	-6.81	0.66	0.62	14	7.00	13
Net Income / (Loss) Continuing Operations	-22	-6.87	-11	-6.81	0.66	0.62	14	7.00	13
Total Pre-Tax Income	-22	-6.87	-11	-6.81	0.85	0.71	3.84	9.32	15
Total Operating Income	-22	-7.49	-11	-6.83	-1.32	0.36	2.50	7.92	13
Total Gross Profit	1.51	7.66	18	23	33	41	47	75	90
Total Revenue	8.58	16	30	35	44	53	60	75	90
Operating Revenue	8.58	16	30	35	44	53	60	75	90
Total Cost of Revenue	7.07	8.64	12	11	11	12	13	0.00	0.00
Total Operating Expenses	23	15	29	30	34	41	45	67	77
Selling, General & Admin Expense	17	8.41	19	18	20	23	22	26	30
Marketing Expense	4.39	4.75	7.53	8.10	8.93	11	14	18	22
Depreciation Expense	1.14	2.00	2.89	4.22	5.40	6.68	8.35	9.56	11
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	14	15
Total Other Income / (Expense), net	0.00	0.62	0.14	0.02	2.17	0.35	1.33	1.40	1.42
Interest Expense	-	-	-	0.00	-2.18	0.00	0.00	0.00	0.00
Interest & Investment Income	0.00	0.08	0.14	0.02	-0.01	0.35	1.33	1.40	1.42
Income Tax Expense	0.00	0.00	0.00	0.00	0.20	0.10	-9.69	2.32	1.40
Basic Earnings per Share	($2.09)	($0.67)	($1.03)	($0.57)	$0.05	$0.04	$0.97	$0.51	$0.94
Weighted Average Basic Shares Outstanding	10.27M	10.27M	10.76M	11.86M	12.60M	13.76M	13.97M	13.86M	14.04M
Diluted Earnings per Share	($2.09)	($0.67)	($1.03)	($0.57)	$0.05	$0.04	$0.96	$0.50	$0.91
Weighted Average Diluted Shares Outstanding	10.27M	10.27M	10.76M	11.86M	13.40M	14.11M	14.13M	14.13M	14.40M
Weighted Average Basic & Diluted Shares Outstanding	10.27M	10.27M	10.76M	11.86M	13.52M	13.96M	13.96M	13.94M	14.11M

This table shows Red Violet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	12	-1.07	1.78	2.64	1.72	0.86	3.44	2.69	4.21	2.82	4.39
Consolidated Net Income / (Loss)	12	-1.07	1.78	2.64	1.72	0.86	3.44	2.69	4.21	2.82	4.39
Net Income / (Loss) Continuing Operations	12	-1.07	1.78	2.64	1.72	0.86	3.44	2.69	4.21	2.82	4.39
Total Pre-Tax Income	2.11	-0.51	2.35	3.38	2.85	0.74	4.52	3.09	4.96	1.99	5.79
Total Operating Income	1.77	-0.90	1.98	3.07	2.50	0.37	4.21	2.75	4.58	1.60	5.44
Total Gross Profit	16	5.23	14	16	16	13	22	22	19	31	22
Total Revenue	16	15	18	19	19	20	22	22	23	23	26
Operating Revenue	16	15	18	19	19	20	22	22	23	23	26
Total Cost of Revenue	0.00	9.83	3.76	3.46	3.31	6.79	0.00	0.00	3.62	-7.28	3.82
Operating Cost of Revenue	-	-	3.76	3.46	3.31	-	-	-	3.62	-	3.82
Total Operating Expenses	14	6.13	12	13	13	12	18	19	15	29	17
Selling, General & Admin Expense	5.22	6.91	5.79	5.75	5.99	8.34	6.17	7.25	6.78	9.81	7.90
Marketing Expense	3.37	3.50	3.71	4.41	4.82	4.90	5.41	5.62	5.40	5.32	5.86
Depreciation Expense	2.17	2.21	2.27	2.38	2.43	2.48	2.55	2.65	2.71	2.77	2.81
Total Other Income / (Expense), net	0.35	0.39	0.37	0.31	0.35	0.37	0.31	0.34	0.39	0.39	0.34
Interest Expense	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Interest & Investment Income	0.35	0.39	0.37	0.31	0.35	0.37	0.31	0.34	0.39	0.39	0.34
Income Tax Expense	-10	0.56	0.56	0.75	1.13	-0.12	1.08	0.40	0.75	-0.83	1.40
Basic Earnings per Share	$0.90	($0.08)	$0.13	$0.19	$0.12	$0.07	$0.25	$0.19	$0.30	$0.20	$0.31
Weighted Average Basic Shares Outstanding	13.95M	13.97M	14.00M	13.78M	13.78M	13.86M	14.00M	14.02M	14.03M	14.04M	14.19M
Diluted Earnings per Share	$0.87	($0.06)	$0.13	$0.19	$0.12	$0.06	$0.24	$0.18	$0.29	$0.20	$0.30
Weighted Average Diluted Shares Outstanding	14.33M	14.13M	14.16M	14.05M	14.31M	14.13M	14.49M	14.55M	14.62M	14.40M	14.39M
Weighted Average Basic & Diluted Shares Outstanding	13.94M	13.96M	13.73M	13.73M	13.79M	13.94M	13.96M	13.98M	13.97M	14.11M	14.11M

This table details how cash moves in and out of Red Violet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.16	9.89	1.83	1.31	21	-2.45	0.22	4.47	7.05
Net Cash From Operating Activities	-10	-8.05	1.65	6.52	8.95	12	15	24	29
Net Cash From Continuing Operating Activities	-10	-8.05	1.65	6.65	8.95	12	15	24	29
Net Income / (Loss) Continuing Operations	-22	-6.87	-11	-6.81	0.66	0.62	14	7.00	13
Consolidated Net Income / (Loss)	-22	-6.87	-11	-6.81	0.66	0.62	14	7.00	13
Depreciation Expense	1.14	2.00	2.89	4.22	5.40	6.68	8.35	9.56	11
Non-Cash Adjustments To Reconcile Net Income	6.80	1.39	11	9.28	5.08	6.40	7.06	6.93	7.77
Changes in Operating Assets and Liabilities, net	3.15	-4.57	-1.11	-0.03	-2.18	-1.24	-14	0.46	-2.25
Net Cash From Investing Activities	-6.47	-6.00	-6.00	-5.66	-5.24	-8.83	-9.15	-9.57	-11
Net Cash From Continuing Investing Activities	-6.47	-6.00	-6.00	-5.66	-5.24	-8.83	-9.15	-9.57	-11
Purchase of Property, Plant & Equipment	-6.47	-6.00	-6.00	-5.66	-5.24	-8.83	-9.15	-9.57	-11
Net Cash From Financing Activities	17	24	6.18	0.32	18	-6.08	-5.70	-9.92	-11
Net Cash From Continuing Financing Activities	17	24	6.18	0.32	18	-6.08	-5.70	-9.92	-11
Repurchase of Common Equity	-	-	-	-	0.00	-0.88	-3.71	-5.85	-0.92
Payment of Dividends	-	-	-	-	-	-	-	0.00	-4.18
Other Financing Activities, net	17	24	-1.26	-1.83	-3.33	-5.20	-1.99	-4.07	-6.04
Cash Interest Paid	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Income Taxes Paid	0.00	0.00	0.00	0.00	0.00	0.04	0.08	0.61	0.63

This table details how cash moves in and out of Red Violet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	2.84	-2.18	0.12	-1.20	4.80	0.76	-1.90	4.25	6.50	-1.80	-0.11
Net Cash From Operating Activities	5.79	4.20	4.31	5.72	7.25	6.69	5.00	7.49	10	6.69	6.59
Net Cash From Continuing Operating Activities	5.79	4.20	4.31	5.72	7.25	6.69	5.00	7.49	10	6.69	6.59
Net Income / (Loss) Continuing Operations	12	-1.07	1.78	2.64	1.72	0.86	3.44	2.69	4.21	2.82	4.39
Consolidated Net Income / (Loss)	12	-1.07	1.78	2.64	1.72	0.86	3.44	2.69	4.21	2.82	4.39
Depreciation Expense	2.17	2.21	2.27	2.38	2.43	2.48	2.55	2.65	2.71	2.77	2.81
Non-Cash Adjustments To Reconcile Net Income	1.65	1.64	1.61	1.69	1.98	1.66	1.66	2.15	1.97	1.85	2.33
Changes in Operating Assets and Liabilities, net	-11	1.43	-1.36	-0.98	1.12	1.69	-2.64	0.01	1.29	-0.75	-2.94
Net Cash From Investing Activities	-2.46	-2.13	-2.39	-2.46	-2.42	-2.30	-2.52	-2.72	-2.88	-3.04	-3.51
Net Cash From Continuing Investing Activities	-2.46	-2.13	-2.39	-2.46	-2.42	-2.30	-2.52	-2.72	-2.88	-3.04	-3.51
Purchase of Property, Plant & Equipment	-2.46	-2.13	-2.39	-2.46	-2.42	-2.30	-2.52	-2.72	-2.88	-3.04	-3.51
Net Cash From Financing Activities	-0.49	-4.26	-1.80	-4.46	-0.03	-3.64	-4.38	-0.53	-0.79	-5.45	-3.19
Net Cash From Continuing Financing Activities	-0.49	-4.26	-1.80	-4.46	-0.03	-3.64	-4.38	-0.53	-0.79	-5.45	-3.19
Repurchase of Common Equity	-0.34	-2.46	-1.42	-4.44	-	-	0.00	-	-0.65	-0.26	-2.69
Payment of Dividends	-	-	0.00	-	-	-	-4.18	-	-	-	0.00
Other Financing Activities, net	-0.15	-1.80	-0.38	-0.02	-0.03	-3.64	-0.20	-0.53	-0.13	-5.18	-0.50
Cash Interest Paid	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Cash Income Taxes Paid	-0.08	0.14	0.00	0.44	-0.96	1.13	0.00	0.68	0.00	-0.05	0.12

This table presents Red Violet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	25	40	49	52	74	77	93	99	112
Total Current Assets	2.27	13	16	17	39	38	40	46	57
Cash & Equivalents	0.07	9.95	12	13	34	32	32	37	44
Accounts Receivable	1.65	2.27	3.54	3.20	3.74	5.54	7.14	8.06	11
Prepaid Expenses	0.56	0.93	0.72	0.58	0.60	0.77	1.11	1.63	2.28
Plant, Property, & Equipment, net	1.09	0.85	0.66	0.56	0.58	0.71	0.59	0.55	0.88
Total Noncurrent Assets	22	26	32	35	35	39	52	52	55
Goodwill	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23
Intangible Assets	15	20	24	27	28	32	34	36	39
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	9.51	7.50	6.59
Other Noncurrent Operating Assets	1.18	0.63	2.91	2.30	1.80	1.72	2.97	3.07	3.52
Total Liabilities & Shareholders' Equity	25	40	49	52	74	77	93	99	112
Total Liabilities	7.39	3.55	6.79	8.65	4.95	6.32	6.88	12	11
Total Current Liabilities	7.39	3.55	4.33	5.04	3.46	5.44	4.88	10	7.87
Accounts Payable	2.58	2.25	2.14	2.08	1.61	2.23	1.63	2.13	1.98
Accrued Expenses	4.78	1.28	1.57	1.46	0.40	1.85	1.99	2.88	4.47
Dividends Payable	-	-	-	-	-	-	0.00	4.18	0.00
Current Deferred Revenue	0.03	0.03	0.13	0.50	0.84	0.67	0.69	0.71	1.03
Other Current Liabilities	-	0.00	0.49	0.55	0.62	0.69	0.57	0.41	0.40
Total Noncurrent Liabilities	0.00	0.00	2.46	3.61	1.49	0.89	2.00	1.59	3.22
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.20	0.29	-	-	0.00
Other Noncurrent Operating Liabilities	-	0.00	2.46	1.91	1.29	0.60	2.00	1.59	3.22
Total Equity & Noncontrolling Interests	18	36	42	43	69	71	86	87	101
Total Preferred & Common Equity	18	36	42	43	69	71	86	87	101
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	18	36	42	43	69	71	86	87	101
Common Stock	0.00	41	59	66	91	92	94	88	89
Retained Earnings	0.00	-4.78	-16	-23	-22	-21	-7.87	-0.87	12
Treasury Stock	-	0.00	-1.26	0.00	-	0.00	-0.19	0.00	0.00

This table presents Red Violet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	77	78	80	95	94	93	98	99	105	112	113
Total Current Assets	39	38	39	42	42	40	46	46	51	58	57
Cash & Equivalents	31	31	31	34	32	31	36	35	39	45	43
Accounts Receivable	6.47	5.89	6.56	6.81	7.87	7.96	8.46	9.65	9.81	10	12
Prepaid Expenses	0.85	1.31	1.33	1.18	1.49	1.48	1.73	1.65	2.14	2.24	1.94
Plant, Property, & Equipment, net	0.66	0.69	0.64	0.63	0.60	0.60	0.58	0.54	0.69	0.82	0.88
Total Noncurrent Assets	37	40	40	52	52	52	51	53	53	53	54
Goodwill	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23	5.23
Intangible Assets	31	33	33	34	35	35	36	37	38	39	40
Noncurrent Deferred & Refundable Income Taxes	-	-	-	10	9.04	8.43	7.46	6.60	6.31	5.48	5.57
Other Noncurrent Operating Assets	1.39	1.86	1.59	3.22	2.68	3.32	3.03	3.33	4.13	3.79	3.48
Total Liabilities & Shareholders' Equity	77	78	80	95	94	93	98	99	105	112	113
Total Liabilities	4.55	4.90	4.11	5.59	10	5.45	6.30	7.24	8.63	10	8.11
Total Current Liabilities	3.37	4.23	3.48	3.44	8.33	3.69	4.62	5.10	5.57	6.91	5.11
Accounts Payable	1.60	2.35	1.69	1.99	2.35	1.97	2.79	2.01	1.83	2.76	2.00
Accrued Expenses	0.56	0.41	0.42	0.37	4.74	0.59	0.80	1.99	2.52	2.88	1.76
Dividends Payable	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Current Deferred Revenue	0.54	0.76	0.63	0.53	0.65	0.60	0.57	0.75	0.81	0.86	0.96
Other Current Liabilities	0.67	0.71	0.73	0.55	0.59	0.53	0.47	0.34	0.41	0.40	0.39
Total Noncurrent Liabilities	1.18	0.67	0.63	2.15	1.85	1.77	1.68	2.14	3.06	3.43	3.00
Noncurrent Deferred & Payable Income Tax Liabilities	0.41	0.26	0.41	0.00	0.00	0.00	0.00	0.00	-	-	0.00
Other Noncurrent Operating Liabilities	0.78	0.41	0.22	2.15	1.85	1.77	1.68	2.14	3.06	3.43	3.00
Total Equity & Noncontrolling Interests	72	73	76	90	84	88	92	92	96	102	105
Total Preferred & Common Equity	72	73	76	90	84	88	92	92	96	102	105
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	72	73	76	90	84	88	92	92	96	102	105
Common Stock	92	94	95	97	94	92	93	89	91	92	88
Retained Earnings	-20	-21	-19	-6.80	-6.09	-3.45	-1.73	2.57	5.26	9.47	17
Treasury Stock	-0.02	-0.20	-0.05	-0.17	-4.14	-0.24	0.00	0.00	-	-	-0.02

This table displays calculated financial ratios and metrics derived from Red Violet's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	10,266,613.00	11,536,140.00	12,150,035.00	12,865,524.00	-	-	-	13,971,789.00
DEI Adjusted Shares Outstanding	0.00	10,266,613.00	11,536,140.00	12,150,035.00	12,865,524.00	-	-	-	13,971,789.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.67	-0.96	-0.56	0.05	-	-	-	0.94
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	90.04%	85.78%	14.20%	27.28%	21.12%	12.92%	24.89%	20.03%
EBITDA Growth	0.00%	75.66%	-67.94%	68.58%	256.18%	72.28%	54.29%	61.04%	36.20%
EBIT Growth	0.00%	67.67%	-61.28%	39.07%	80.75%	127.45%	593.63%	216.29%	65.88%
NOPAT Growth	0.00%	65.16%	-49.67%	39.07%	78.88%	130.93%	2,726.10%	-32.58%	99.48%
Net Income Growth	0.00%	68.06%	-61.27%	38.49%	109.61%	-5.95%	2,096.27%	-48.24%	87.83%
EPS Growth	0.00%	67.94%	-53.73%	44.66%	108.77%	-20.00%	2,300.00%	-47.92%	82.00%
Operating Cash Flow Growth	0.00%	22.65%	120.45%	295.81%	37.26%	39.24%	20.96%	58.98%	22.49%
Free Cash Flow Firm Growth	0.00%	0.00%	14.91%	40.70%	48.09%	-4.36%	-57.13%	195.84%	53.98%
Invested Capital Growth	0.00%	48.99%	15.12%	7.36%	8.09%	11.69%	37.67%	0.42%	5.63%
Revenue Q/Q Growth	0.00%	13.99%	16.74%	-0.25%	5.50%	3.52%	3.42%	6.37%	4.43%
EBITDA Q/Q Growth	0.00%	25.86%	-42.76%	56.21%	15.63%	0.27%	15.02%	9.63%	6.80%
EBIT Q/Q Growth	0.00%	18.56%	-32.88%	30.52%	17.66%	-47.76%	68.96%	19.03%	10.32%
NOPAT Q/Q Growth	0.00%	12.24%	-32.88%	30.52%	36.77%	-1.67%	21.08%	42.41%	18.44%
Net Income Q/Q Growth	0.00%	13.83%	-34.12%	65.90%	-93.91%	63.83%	3.63%	38.13%	17.43%
EPS Q/Q Growth	0.00%	14.10%	-30.38%	34.48%	66.67%	0.00%	6.67%	31.58%	18.18%
Operating Cash Flow Q/Q Growth	0.00%	13.59%	303.84%	9.36%	2.06%	23.96%	-1.02%	11.58%	-0.01%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-26.47%	36.75%	18.99%	19.88%	18.32%	53.29%	-7.92%
Invested Capital Q/Q Growth	0.00%	4.18%	5.54%	-1.17%	-1.82%	-3.91%	-2.53%	-2.89%	1.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	17.63%	47.01%	59.53%	67.40%	74.57%	77.10%	78.29%	81.38%	100.00%
EBITDA Margin	-237.37%	-30.40%	-27.48%	-7.56%	9.28%	13.20%	18.03%	23.25%	26.38%
Operating Margin	-250.64%	-45.95%	-37.02%	-19.75%	-2.99%	0.68%	4.16%	10.53%	14.56%
EBIT Margin	-250.64%	-42.65%	-37.02%	-19.75%	-2.99%	0.68%	4.16%	10.53%	14.56%
Profit (Net Income) Margin	-250.64%	-42.13%	-36.57%	-19.70%	1.49%	1.16%	22.47%	9.31%	14.57%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	76.79%	86.52%	352.50%	75.14%	90.36%
Interest Burden Percent	100.00%	98.79%	98.79%	99.74%	-64.87%	197.23%	153.27%	117.68%	110.81%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	23.21%	13.48%	-252.50%	24.86%	9.64%
Return on Invested Capital (ROIC)	-85.17%	-23.84%	-27.72%	-15.22%	-2.98%	0.84%	18.91%	10.98%	21.26%
ROIC Less NNEP Spread (ROIC-NNEP)	9,837.91%	8.60%	2.00%	2.77%	-10.37%	-0.08%	4.18%	7.71%	17.88%
Return on Net Nonoperating Assets (RNNOA)	-36.05%	-1.59%	-0.55%	-0.73%	4.14%	0.04%	-1.70%	-2.87%	-7.23%
Return on Equity (ROE)	-121.22%	-25.43%	-28.27%	-15.95%	1.16%	0.88%	17.21%	8.11%	14.03%
Cash Return on Invested Capital (CROIC)	0.00%	-63.19%	-41.77%	-22.32%	-10.75%	-10.21%	-12.79%	10.56%	15.78%
Operating Return on Assets (OROA)	-85.57%	-21.41%	-25.28%	-13.54%	-2.08%	0.48%	2.94%	8.27%	12.48%
Return on Assets (ROA)	-85.57%	-21.15%	-24.97%	-13.51%	1.04%	0.81%	15.88%	7.31%	12.50%
Return on Common Equity (ROCE)	-121.22%	-25.43%	-28.27%	-15.95%	1.16%	0.88%	17.21%	8.11%	14.03%
Return on Equity Simple (ROE_SIMPLE)	-121.22%	-18.93%	-26.32%	-15.72%	0.94%	0.87%	15.71%	8.08%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-5.24	-7.85	-4.78	-1.01	0.31	8.83	5.95	12
NOPAT Margin	-175.45%	-32.17%	-25.91%	-13.83%	-2.29%	0.59%	14.66%	7.91%	13.15%
Net Nonoperating Expense Percent (NNEP)	-9,923.08%	-32.44%	-29.71%	-17.99%	7.39%	0.92%	14.73%	3.27%	3.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	10.25%	6.87%	11.76%
Cost of Revenue to Revenue	82.37%	52.99%	40.47%	32.60%	25.43%	22.90%	21.71%	18.62%	0.00%
SG&A Expenses to Revenue	203.78%	51.56%	62.15%	51.54%	45.00%	43.58%	37.28%	34.41%	33.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	268.27%	92.96%	96.55%	87.15%	77.56%	76.42%	74.13%	70.85%	85.44%
Earnings before Interest and Taxes (EBIT)	-22	-6.95	-11	-6.83	-1.32	0.36	2.50	7.92	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	-4.96	-8.32	-2.62	4.08	7.04	11	17	24
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.91	5.07	7.32	7.35	4.50	3.21	5.72	7.88
Price to Tangible Book Value (P/TBV)	0.00	6.25	16.65	28.98	14.18	9.35	5.94	10.90	14.10
Price to Revenue (P/Rev)	0.00	4.24	7.05	9.17	11.60	6.00	4.59	6.59	8.82
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	779.59	519.21	20.41	70.70	60.49
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.53%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.13%	0.19%	4.90%	1.41%	1.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.25	6.66	9.42	13.54	7.33	4.51	8.44	13.11
Enterprise Value to Revenue (EV/Rev)	0.00	3.63	6.66	8.86	10.82	5.40	4.05	6.10	8.33
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	116.64	40.94	22.48	26.23	31.59
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	797.85	97.46	57.91	57.25
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	922.20	27.65	77.07	63.36
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	122.50	47.01	53.24	23.12	16.19	19.14	25.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	80.15	85.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.19	-0.28	-0.26	-0.40	-0.47	-0.41	-0.37	-0.40
Leverage Ratio	1.42	1.20	1.13	1.18	1.12	1.08	1.08	1.11	1.12
Compound Leverage Factor	1.42	1.19	1.12	1.18	-0.73	2.13	1.66	1.30	1.24
Debt to Total Capital	0.00%	0.00%	0.00%	4.73%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	3.74%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	95.27%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	-0.82	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	4.13	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.65	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	-0.45	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	2.26	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.36	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	11.65	18.57	21.90	62.62	31.18	25.16	26.42	44.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.31	3.71	3.71	3.32	11.16	7.01	8.26	4.48	7.18
Quick Ratio	0.23	3.44	3.54	3.21	10.99	6.87	8.03	4.32	6.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-14	-12	-7.01	-3.64	-3.80	-5.97	5.72	8.81
Operating Cash Flow to CapEx	-160.96%	-134.19%	27.44%	115.14%	170.63%	141.11%	164.78%	250.44%	263.08%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.50	0.68	0.69	0.70	0.70	0.71	0.79	0.86
Accounts Receivable Turnover	5.20	8.33	10.43	10.26	12.69	11.50	9.50	9.90	9.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.86	16.78	40.06	56.79	77.57	82.92	92.55	132.26	126.49
Accounts Payable Turnover	2.74	3.58	5.59	5.35	6.08	6.37	6.77	7.45	0.00
Days Sales Outstanding (DSO)	70.21	43.83	35.00	35.59	28.76	31.73	38.41	36.88	37.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	133.17	101.92	65.28	68.19	59.99	57.30	53.90	49.00	0.00
Cash Conversion Cycle (CCC)	-62.96	-58.09	-30.28	-32.60	-31.23	-25.57	-15.50	-12.11	37.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	18	26	30	33	35	39	54	54	57
Invested Capital Turnover	0.49	0.74	1.07	1.10	1.30	1.43	1.29	1.39	1.62
Increase / (Decrease) in Invested Capital	0.00	8.66	3.98	2.23	2.63	4.11	15	0.23	3.06
Enterprise Value (EV)	0.00	59	202	306	476	288	244	459	752
Market Capitalization	0.00	69	214	317	511	320	276	495	796
Book Value per Share	$1.73	$3.53	$3.65	$3.57	$5.40	$5.12	$6.18	$6.28	$7.22
Tangible Book Value per Share	($0.28)	$1.08	$1.11	$0.90	$2.80	$2.46	$3.33	$3.29	$4.04
Total Capital	18	36	42	45	69	71	86	87	101
Total Debt	0.00	0.00	0.00	2.15	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	1.70	0.00	0.00	0.00	0.00	0.00
Net Debt	-0.07	-9.95	-12	-11	-34	-32	-32	-37	-44
Capital Expenditures (CapEx)	6.47	6.00	6.00	5.66	5.24	8.83	9.15	9.57	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.18	-0.35	-0.06	-0.81	0.88	0.87	3.37	-0.62	5.11
Debt-free Net Working Capital (DFNWC)	-5.12	9.60	12	12	35	33	35	36	49
Net Working Capital (NWC)	-5.12	9.60	12	12	35	33	35	36	49
Net Nonoperating Expense (NNE)	6.45	1.62	3.23	2.03	-1.66	-0.30	-4.70	-1.05	-1.28
Net Nonoperating Obligations (NNO)	-0.07	-9.95	-12	-11	-34	-32	-32	-32	-44
Total Depreciation and Amortization (D&A)	1.14	2.00	2.89	4.22	5.40	6.68	8.35	9.56	11
Debt-free, Cash-free Net Working Capital to Revenue	-60.39%	-2.15%	-0.21%	-2.33%	1.99%	1.63%	5.60%	-0.82%	5.66%
Debt-free Net Working Capital to Revenue	-59.63%	58.89%	38.67%	35.13%	79.81%	61.29%	58.80%	47.73%	53.92%
Net Working Capital to Revenue	-59.63%	58.89%	38.67%	33.83%	79.81%	61.29%	58.80%	47.73%	53.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.67)	($1.03)	($0.57)	$0.05	$0.04	$0.97	$0.51	$0.94
Adjusted Weighted Average Basic Shares Outstanding	0.00	10.27M	11.59M	12.20M	12.60M	13.76M	13.97M	13.86M	14.04M
Adjusted Diluted Earnings per Share	$0.00	($0.67)	($1.03)	($0.57)	$0.05	$0.04	$0.96	$0.50	$0.91
Adjusted Weighted Average Diluted Shares Outstanding	0.00	10.27M	11.59M	12.20M	13.40M	14.11M	14.13M	14.13M	14.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.67)	($1.03)	($0.57)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	10.27M	10.76M	11.86M	13.52M	13.96M	13.96M	13.94M	14.11M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-5.24	-7.85	-4.78	-1.01	0.31	1.75	5.95	12
Normalized NOPAT Margin	-175.45%	-32.17%	-25.91%	-13.83%	-2.29%	0.59%	2.91%	7.91%	13.15%
Pre Tax Income Margin	-250.64%	-42.13%	-36.57%	-19.70%	1.94%	1.34%	6.38%	12.40%	16.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	31.79%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	142.53%	27.43%	83.58%	38.74%

This table displays calculated financial ratios and metrics derived from Red Violet's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	13,938,623.00	13,955,918.00	13,977,738.00	13,971,789.00	14,109,914.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	13,938,623.00	13,955,918.00	13,977,738.00	13,971,789.00	14,109,914.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.25	0.19	0.30	0.20	0.31
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.40%	15.24%	19.73%	29.81%	20.33%	29.91%	25.65%	14.26%	21.13%	19.56%	17.39%
EBITDA Growth	1.68%	1,390.20%	83.56%	65.65%	25.30%	116.72%	58.97%	-0.86%	47.65%	53.19%	22.08%
EBIT Growth	-18.21%	53.31%	394.51%	148.82%	41.53%	141.45%	112.36%	-10.33%	83.19%	331.27%	29.28%
NOPAT Growth	389.47%	53.31%	260.51%	116.38%	-85.58%	169.15%	112.76%	-0.04%	157.96%	423.19%	28.75%
Net Income Growth	453.37%	30.70%	149.16%	89.99%	-86.24%	180.65%	92.83%	1.86%	145.08%	226.19%	27.56%
EPS Growth	443.75%	50.00%	160.00%	90.00%	-86.21%	200.00%	84.62%	-5.26%	141.67%	233.33%	25.00%
Operating Cash Flow Growth	84.07%	-3.56%	181.19%	61.18%	25.19%	59.16%	16.17%	30.96%	40.36%	-0.03%	31.67%
Free Cash Flow Firm Growth	-41.92%	-182.80%	-32.23%	-80.67%	125.53%	101.32%	69.18%	120.35%	223.66%	-488.38%	112.62%
Invested Capital Growth	35.71%	37.67%	21.36%	28.50%	0.80%	0.42%	10.73%	0.53%	0.81%	5.63%	6.69%
Revenue Q/Q Growth	7.88%	-4.90%	16.27%	8.82%	0.01%	2.67%	12.46%	-1.04%	6.01%	1.34%	10.42%
EBITDA Q/Q Growth	19.74%	-66.57%	223.18%	28.03%	-9.42%	-42.17%	137.06%	-20.16%	34.90%	-40.00%	88.92%
EBIT Q/Q Growth	43.15%	-150.71%	321.56%	54.72%	-18.58%	-85.15%	1,035.04%	-34.67%	66.34%	-65.04%	240.25%
NOPAT Q/Q Growth	844.96%	-106.00%	340.49%	58.77%	-37.04%	-71.23%	639.88%	-25.40%	62.47%	-41.66%	82.08%
Net Income Q/Q Growth	800.22%	-108.56%	266.73%	47.81%	-34.81%	-49.80%	298.61%	-21.92%	56.85%	-33.18%	55.88%
EPS Q/Q Growth	770.00%	-106.90%	316.67%	46.15%	-36.84%	-50.00%	300.00%	-25.00%	61.11%	-31.03%	50.00%
Operating Cash Flow Q/Q Growth	63.21%	-27.38%	2.40%	32.80%	26.76%	-7.67%	-25.26%	49.71%	35.86%	-34.24%	-1.55%
Free Cash Flow Firm Q/Q Growth	26.91%	-271.47%	50.78%	-35.19%	110.33%	-80.73%	-1,245.38%	189.27%	64.31%	-123.12%	137.21%
Invested Capital Q/Q Growth	24.96%	-2.53%	-4.40%	10.36%	-1.98%	-2.89%	5.41%	0.20%	-1.70%	1.75%	6.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	34.74%	78.55%	81.87%	100.00%	65.32%	100.00%	100.00%	84.31%	131.13%	85.21%
EBITDA Margin	24.85%	8.74%	24.29%	28.57%	25.88%	14.58%	30.73%	24.79%	31.55%	18.68%	31.96%
Operating Margin	11.14%	-5.94%	11.32%	16.10%	13.11%	1.90%	19.14%	12.63%	19.82%	6.84%	21.08%
EBIT Margin	11.14%	-5.94%	11.32%	16.10%	13.11%	1.90%	19.14%	12.63%	19.82%	6.84%	21.08%
Profit (Net Income) Margin	78.90%	-7.10%	10.19%	13.84%	9.02%	4.41%	15.63%	12.34%	18.25%	12.03%	16.99%
Tax Burden Percent	591.90%	210.63%	75.98%	77.97%	60.29%	116.78%	76.12%	86.93%	84.91%	141.67%	75.81%
Interest Burden Percent	119.60%	56.76%	118.41%	110.23%	114.13%	199.19%	107.31%	112.32%	108.44%	124.19%	106.32%
Effective Tax Rate	-491.90%	0.00%	24.02%	22.03%	39.71%	-16.78%	23.88%	13.07%	15.09%	-41.67%	24.19%
Return on Invested Capital (ROIC)	79.70%	-5.36%	11.51%	16.70%	10.03%	3.07%	21.31%	15.82%	25.91%	15.66%	25.41%
ROIC Less NNEP Spread (ROIC-NNEP)	73.44%	-3.98%	10.63%	15.91%	9.42%	1.74%	20.61%	14.97%	25.10%	14.22%	24.74%
Return on Net Nonoperating Assets (RNNOA)	-29.72%	1.61%	-4.26%	-6.05%	-3.63%	-0.65%	-7.83%	-5.67%	-10.52%	-5.75%	-9.83%
Return on Equity (ROE)	49.98%	-3.75%	7.26%	10.64%	6.40%	2.43%	13.48%	10.15%	15.38%	9.91%	15.58%
Cash Return on Invested Capital (CROIC)	-15.17%	-12.79%	3.71%	0.28%	6.70%	10.56%	3.86%	12.83%	17.04%	15.78%	15.17%
Operating Return on Assets (OROA)	7.54%	-4.20%	8.29%	12.53%	9.59%	1.49%	15.79%	10.50%	16.31%	5.86%	18.73%
Return on Assets (ROA)	53.41%	-5.02%	7.46%	10.77%	6.60%	3.46%	12.90%	10.25%	15.02%	10.32%	15.10%
Return on Common Equity (ROCE)	49.98%	-3.75%	7.26%	10.64%	6.40%	2.43%	13.48%	10.15%	15.38%	9.91%	15.58%
Return on Equity Simple (ROE_SIMPLE)	14.56%	0.00%	17.41%	18.01%	5.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	10	-0.63	1.51	2.39	1.51	0.43	3.21	2.39	3.89	2.27	4.13
NOPAT Margin	65.97%	-4.16%	8.60%	12.55%	7.90%	2.21%	14.57%	10.98%	16.83%	9.69%	15.98%
Net Nonoperating Expense Percent (NNEP)	6.26%	-1.39%	0.88%	0.79%	0.61%	1.34%	0.70%	0.84%	0.81%	1.45%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.73%	-	-	-	0.50%	3.49%	2.49%	3.82%	2.25%	3.95%
Cost of Revenue to Revenue	0.00%	65.26%	21.45%	18.13%	0.00%	34.68%	0.00%	0.00%	15.69%	-31.13%	14.79%
SG&A Expenses to Revenue	32.98%	45.86%	33.06%	30.17%	31.45%	42.63%	28.06%	33.31%	29.36%	41.95%	30.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	88.86%	40.68%	67.23%	65.77%	86.89%	63.42%	80.86%	87.37%	64.48%	124.29%	64.14%
Earnings before Interest and Taxes (EBIT)	1.77	-0.90	1.98	3.07	2.50	0.37	4.21	2.75	4.58	1.60	5.44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.94	1.32	4.25	5.45	4.93	2.85	6.76	5.40	7.28	4.37	8.25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.10	3.21	3.26	3.96	4.26	5.72	5.70	7.14	7.18	7.88	4.67
Price to Tangible Book Value (P/TBV)	5.52	5.94	6.25	7.38	7.70	10.90	10.66	12.88	12.65	14.10	8.26
Price to Revenue (P/Rev)	4.78	4.59	4.33	5.17	5.53	6.59	6.58	8.33	8.45	8.82	5.19
Price to Earnings (P/E)	21.33	20.41	18.70	22.01	77.05	70.70	60.51	78.85	65.20	60.49	34.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%	0.61%	0.57%	0.53%	0.00%
Earnings Yield	4.69%	4.90%	5.35%	4.54%	1.30%	1.41%	1.65%	1.27%	1.53%	1.65%	2.89%
Enterprise Value to Invested Capital (EV/IC)	4.40	4.51	4.66	5.57	6.35	8.44	8.55	11.29	12.15	13.11	7.28
Enterprise Value to Revenue (EV/Rev)	4.20	4.05	3.82	4.71	5.02	6.10	6.14	7.86	7.93	8.33	4.73
Enterprise Value to EBITDA (EV/EBITDA)	25.87	22.48	18.83	21.26	22.26	26.23	24.48	32.48	30.73	31.59	17.58
Enterprise Value to EBIT (EV/EBIT)	164.78	97.46	58.95	53.68	53.34	57.91	48.22	65.89	57.52	57.25	30.95
Enterprise Value to NOPAT (EV/NOPAT)	33.50	27.65	22.21	24.84	84.93	77.07	63.99	84.74	68.34	63.36	34.73
Enterprise Value to Operating Cash Flow (EV/OCF)	16.04	16.19	13.50	15.88	16.53	19.14	19.85	24.51	23.34	25.63	14.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	137.77	2,273.57	95.08	80.15	232.80	88.24	71.58	85.36	49.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.40	-0.41	-0.40	-0.38	-0.39	-0.37	-0.38	-0.38	-0.42	-0.40	-0.40
Leverage Ratio	1.06	1.08	1.10	1.06	1.07	1.11	1.10	1.08	1.09	1.12	1.08
Compound Leverage Factor	1.27	0.62	1.30	1.17	1.22	2.21	1.18	1.21	1.18	1.39	1.15
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	30.97	25.04	17.17	39.62	38.52	26.17	44.89	49.21	43.96	44.59	37.89
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	12.28	8.26	4.98	10.95	9.95	4.48	9.00	9.12	8.39	7.18	11.22
Quick Ratio	11.94	8.03	4.80	10.55	9.58	4.32	8.68	8.74	8.07	6.89	10.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.15	-15	-7.59	-10	1.06	0.20	-2.34	2.09	3.43	-0.79	0.30
Operating Cash Flow to CapEx	235.42%	197.65%	179.97%	232.12%	300.08%	291.29%	198.53%	275.56%	352.95%	220.18%	187.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.71	0.73	0.78	0.73	0.79	0.83	0.83	0.82	0.86	0.89
Accounts Receivable Turnover	8.77	9.50	9.17	9.29	9.26	9.90	9.10	9.27	9.16	9.62	8.73
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	90.18	92.55	97.59	108.99	117.03	132.26	139.30	127.65	123.02	126.49	132.23
Accounts Payable Turnover	5.14	6.77	7.16	9.30	7.14	7.45	0.00	5.49	3.88	0.00	1.90
Days Sales Outstanding (DSO)	41.63	38.41	39.80	39.28	39.41	36.88	40.12	39.37	39.86	37.93	41.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	71.01	53.90	50.96	39.23	51.15	49.00	0.00	66.44	94.19	0.00	191.87
Cash Conversion Cycle (CCC)	-29.38	-15.50	-11.15	0.04	-11.74	-12.11	40.12	-27.07	-54.33	37.93	-150.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	55	54	52	57	56	54	57	57	56	57	61
Invested Capital Turnover	1.21	1.29	1.34	1.33	1.27	1.39	1.46	1.44	1.54	1.62	1.59
Increase / (Decrease) in Invested Capital	15	15	9.10	13	0.45	0.23	5.55	0.30	0.45	3.06	3.83
Enterprise Value (EV)	244	244	241	318	355	459	489	648	685	752	445
Market Capitalization	278	276	273	349	391	495	524	687	730	796	488
Book Value per Share	$6.45	$6.18	$6.00	$6.41	$6.68	$6.28	$6.59	$6.89	$7.28	$7.22	$7.41
Tangible Book Value per Share	$3.63	$3.33	$3.13	$3.44	$3.69	$3.29	$3.53	$3.82	$4.13	$4.04	$4.19
Total Capital	90	86	84	88	92	87	92	96	102	101	105
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-34	-32	-32	-31	-36	-37	-35	-39	-45	-44	-43
Capital Expenditures (CapEx)	2.46	2.13	2.39	2.46	2.42	2.30	2.52	2.72	2.88	3.04	3.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4.55	3.37	1.03	5.76	5.57	-0.62	6.20	6.38	5.75	5.11	8.74
Debt-free Net Working Capital (DFNWC)	39	35	33	37	41	36	41	45	51	49	52
Net Working Capital (NWC)	39	35	33	37	41	36	41	45	51	49	52
Net Nonoperating Expense (NNE)	-2.05	0.44	-0.28	-0.24	-0.21	-0.43	-0.23	-0.29	-0.33	-0.55	-0.26
Net Nonoperating Obligations (NNO)	-34	-32	-32	-31	-36	-32	-35	-39	-45	-44	-43
Total Depreciation and Amortization (D&A)	2.17	2.21	2.27	2.38	2.43	2.48	2.55	2.65	2.71	2.77	2.81
Debt-free, Cash-free Net Working Capital to Revenue	7.81%	5.60%	1.63%	8.53%	7.88%	-0.82%	7.78%	7.74%	6.65%	5.66%	9.29%
Debt-free Net Working Capital to Revenue	66.58%	58.80%	52.58%	54.40%	58.46%	47.73%	51.21%	54.89%	59.12%	53.92%	55.48%
Net Working Capital to Revenue	66.58%	58.80%	52.58%	54.40%	58.46%	47.73%	51.21%	54.89%	59.12%	53.92%	55.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	($0.08)	$0.13	$0.19	$0.12	$0.07	$0.25	$0.19	$0.30	$0.20	$0.31
Adjusted Weighted Average Basic Shares Outstanding	13.95M	13.97M	14.00M	13.78M	13.78M	13.86M	14.00M	14.02M	14.03M	14.04M	14.19M
Adjusted Diluted Earnings per Share	$0.87	($0.06)	$0.13	$0.19	$0.12	$0.06	$0.24	$0.18	$0.29	$0.20	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	14.33M	14.13M	14.16M	14.05M	14.31M	14.13M	14.49M	14.55M	14.62M	14.40M	14.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.94M	13.96M	13.73M	13.73M	13.79M	13.94M	13.96M	13.98M	13.97M	14.11M	14.11M
Normalized Net Operating Profit after Tax (NOPAT)	1.24	-0.63	1.51	2.39	1.51	0.26	3.21	2.39	3.89	1.12	4.13
Normalized NOPAT Margin	7.80%	-4.16%	8.60%	12.55%	7.90%	1.33%	14.57%	10.98%	16.83%	4.79%	15.98%
Pre Tax Income Margin	13.33%	-3.37%	13.41%	17.75%	14.96%	3.78%	20.54%	14.19%	21.50%	8.49%	22.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	48.29%	0.00%	0.00%	31.79%	0.00%
Augmented Payout Ratio	13.51%	27.43%	33.92%	54.61%	163.96%	83.58%	99.54%	0.00%	5.83%	38.74%	25.54%

Financials Breakdown Chart

Key Financial Trends

Red Violet (NASDAQ: RDVT) has continued to post solid top-line growth and strong profitability, while maintaining a very healthy balance sheet. In Q1 2026, the company generated $25.8 million in revenue, up from $23.4 million in Q4 2025 and $22.0 million in Q1 2025. Net income also improved year over year, reaching $4.4 million versus $3.4 million in the prior-year quarter.

Profitability remains a standout. Gross profit in Q1 2026 was $22.0 million, implying a strong gross margin, and operating income was $5.4 million. The company also produced $6.6 million in operating cash flow in the quarter, showing that earnings are still converting into cash.

Cash generation and liquidity look strong. Red Violet ended Q1 2026 with $43.5 million in cash and equivalents, up meaningfully from $34.6 million at the end of Q1 2025. Total current assets were $57.3 million, while total liabilities were only $8.1 million, leaving the company with a substantial net cash position.

At the same time, share repurchases remain a notable use of cash. In Q1 2026, the company repurchased $2.7 million of common equity. That supports per-share metrics if earnings continue to rise, but it also reduces cash that could otherwise be used for growth investments.

Over the last four years, Red Violet has shown a clear pattern of revenue growth, margin improvement, and balance sheet strengthening. Revenue has risen steadily from the low-to-mid teens per quarter in 2022 and early 2023 to the mid-$20 millions by early 2026, while the company has moved from occasional quarterly losses in 2022 to consistently profitable results.

Revenue growth remains healthy: Q1 2026 revenue of $25.8 million was up from $22.0 million in Q1 2025 and far above the $14.6 million level seen in Q1 2023.
Net income is improving: Q1 2026 net income of $4.4 million exceeded Q1 2025 net income of $3.4 million.
Operating cash flow is strong: The company generated $6.6 million in operating cash flow in Q1 2026.
Liquidity is excellent: Cash and equivalents totaled $43.5 million at the end of Q1 2026, with only $8.1 million in total liabilities.
Balance sheet leverage appears low: Equity of $104.5 million comfortably exceeds liabilities.
Long-term growth in the business is evident: Quarterly revenue has generally trended higher across 2023, 2024, 2025, and into 2026.
Capital spending continues: Red Violet spent $3.5 million on property and equipment in Q1 2026, which supports future operations but also consumes cash.
Marketing and SG&A remain significant: These expenses are a major part of the cost structure, so continued growth in revenue is important to protect margins.
Q1 2026 operating assets and liabilities were a drag: Changes in operating assets and liabilities reduced operating cash flow by $2.9 million.
Share repurchases used cash: The company spent $2.7 million buying back stock in Q1 2026, which reduces cash available for other uses.

Bottom line: Red Violet appears to be a profitable, cash-generative software/data company with a strong balance sheet and improving scale. The main things investors should watch are whether revenue growth stays consistent and whether operating expenses remain controlled enough to preserve the company’s attractive margins.

05/28/26 06:41 PM ETAI Generated. May Contain Errors.

Red Violet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Red Violet's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Red Violet's net income appears to be on a downward trend, with a most recent value of $13.15 million in 2025, falling from -$21.50 million in 2017. The previous period was $7.00 million in 2024. View Red Violet's forecast to see where analysts expect Red Violet to go next.

Red Violet's total operating income in 2025 was $13.14 million, based on the following breakdown:

Total Gross Profit: $90.25 million
Total Operating Expenses: $77.11 million

Over the last 8 years, Red Violet's total revenue changed from $8.58 million in 2017 to $90.25 million in 2025, a change of 952.1%.

Red Violet's total liabilities were at $11.09 million at the end of 2025, a 6.8% decrease from 2024, and a 50.0% increase since 2017.

In the past 8 years, Red Violet's cash and equivalents has ranged from $65 thousand in 2017 to $43.56 million in 2025, and is currently $43.56 million as of their latest financial filing in 2025.

Over the last 8 years, Red Violet's book value per share changed from 1.73 in 2017 to 7.22 in 2025, a change of 318.2%.

Related Companies

Financial statements for NASDAQ:RDVT last updated on 5/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Red Violet (RDVT) Financials

Financials Breakdown Chart

Key Financial Trends

Red Violet Financials - Frequently Asked Questions

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Red Violet (RDVT) Financials

Annual Income Statements for Red Violet

Quarterly Income Statements for Red Violet

Annual Cash Flow Statements for Red Violet

Quarterly Cash Flow Statements for Red Violet

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Quarterly Balance Sheets for Red Violet

Annual Metrics And Ratios for Red Violet

Quarterly Metrics And Ratios for Red Violet

Financials Breakdown Chart

Key Financial Trends

Red Violet Financials - Frequently Asked Questions

When does Red Violet's fiscal year end?

How has Red Violet's net income changed over the last 8 years?

What is Red Violet's operating income?

How has Red Violet's revenue changed over the last 8 years?

How much debt does Red Violet have?

How much cash does Red Violet have?

How has Red Violet's book value per share changed over the last 8 years?

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