The earnings call presented strong revenue growth, record gross margins, significant customer base expansion, and robust cash flow generation. Strategic investments in AI and data initiatives were highlighted alongside a long-term partnership with a key data supplier. However, challenges included a decline in the real estate vertical, decreased adjusted EBITDA margin, and increased operating expenses. Overall, the positives outweigh the negatives, reflecting a strong performance and positive outlook.

Company Guidance

In the second quarter of fiscal year 2025, Red Violet reported a significant financial performance, achieving a 14% year-over-year revenue increase to $21.8 million. Excluding a $1 million one-time transactional revenue from the prior year, the revenue growth stood at 21%. The company recorded an adjusted gross profit of $18.2 million, resulting in a record 84% adjusted gross margin. Adjusted EBITDA reached $7.6 million with a 35% margin, while adjusted net income was $4.1 million, translating to $0.28 per diluted share. The company generated $4.8 million in free cash flow during the quarter. Red Violet expanded its customer base by adding over 300 customers to IDI and more than 21,000 users to FOREWARN, ending the period with over 575 REALTOR Associations under contract. The revenue growth was broad-based across various sectors like law enforcement, government, and financial services, with a gross revenue retention rate of 97%. The company also focused on enhancing its platform through AI-driven initiatives and automation to improve productivity and scalability, while maintaining strong cash flow to support further investments and strategic growth opportunities.

Strong Revenue Growth

Revenue for the quarter was up 14% to $21.8 million. Excluding $1 million of onetime transactional revenue from the prior year, revenue would have grown 21%.

Record Adjusted Gross Margin

Achieved a record adjusted gross margin of 84%, an increase of 2 percentage points from the prior year.

Increased Customer Base

Added over 300 customers to IDI, ending the quarter with over 9,500 customers. FOREWARN added over 21,000 users, totaling over 575 REALTOR associations under contract.

Strong Cash Flow Generation

Generated $4.8 million in free cash flow, a 47% increase from $3.3 million a year ago.

High Revenue Retention

Contractual revenue accounted for 77% of total revenue, with a gross revenue retention of 97%, an increase of 3 percentage points.

AI and Data Initiatives

Advanced efforts in proprietary data aggregation and AI-driven processes to enhance the platform's capabilities and efficiency.

Long-term Partnership Secured

Extended the agreement with the largest data supplier through April 30, 2031, with minimal cost escalation.

Red Violet (RDVT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RDVT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.31 / -	0.22	―	―	―
Aug 06, 2025	2025 (Q2)	0.28 / 0.28	0.28	0.00% (0.00)	―
May 07, 2025	2025 (Q1)	0.23 / 0.33	0.22	50.00% (+0.11)	―
Feb 27, 2025	2024 (Q4)	0.10 / 0.09	0.02	350.00% (+0.07)	―
Nov 06, 2024	2024 (Q3)	0.23 / 0.22	0.872	-74.77% (-0.65)	―
Aug 07, 2024	2024 (Q2)	0.19 / 0.28	0.098	185.71% (+0.18)	―
May 08, 2024	2024 (Q1)	0.17 / 0.22	0.05	340.00% (+0.17)	―
Mar 07, 2024	2023 (Q4)	- / 0.02	-0.111	118.02% (+0.13)	―
Nov 07, 2023	2023 (Q3)	- / 0.87	0.16	445.00% (+0.71)	―
Aug 07, 2023	2023 (Q2)	- / 0.10	-0.015	753.33% (+0.11)	―

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
Aug 06, 2025	$43.47	$42.44	-2.37%
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%

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 Nov 11, 2025, Before Open (Confirmed).

What is Red Violet Inc (RDVT) earnings time?

Red Violet Inc (RDVT) earnings time is at Nov 11, 2025, Before Open (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 (Q3) is 0.31.

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