--- title: "Red Violet | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 25.83 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285657922.md" datetime: "2026-05-08T03:26:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285657922.md) - [en](https://longbridge.com/en/news/285657922.md) - [zh-HK](https://longbridge.com/zh-HK/news/285657922.md) --- # Red Violet | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 25.83 M Revenue: As of FY2026 Q1, the actual value is USD 25.83 M, beating the estimate of USD 24.63 M. EPS: As of FY2026 Q1, the actual value is USD 0.3, beating the estimate of USD 0.225. EBIT: As of FY2026 Q1, the actual value is USD 5.1 M. ### Financial Performance for Three Months Ended March 31, 2026, Compared to March 31, 2025 #### Revenue Red Violet, Inc.’s total revenue increased 17% to $25.8 million in 2026 from $22.0 million in 2025. #### Gross Profit Gross profit increased 22% to $19.3 million in 2026 from $15.8 million in 2025, with the gross margin rising to 75% in 2026 from 72% in 2025. #### Adjusted Gross Profit Adjusted gross profit for Red Violet, Inc. increased 20% to $22.0 million in 2026 from $18.3 million in 2025, and the adjusted gross margin increased to 85% in 2026 from 83% in 2025. #### Net Income Net income for Red Violet, Inc. increased 28% to $4.4 million in 2026 from $3.4 million in 2025, with the net income margin increasing to 17% in 2026 from 16% in 2025. #### Adjusted EBITDA Adjusted EBITDA increased 27% to $10.7 million in 2026 from $8.4 million in 2025, with the adjusted EBITDA margin increasing to 41% in 2026 from 38% in 2025. #### Adjusted Net Income Adjusted net income for Red Violet, Inc. increased 29% to $6.6 million in 2026 from $5.1 million in 2025. #### Operating Costs Total costs and expenses were $20.4 million in 2026 compared to $17.8 million in 2025. Cost of revenue (exclusive of depreciation and amortization) was $3.8 million in 2026 compared to $3.7 million in 2025. Sales and marketing expenses were $5.9 million in 2026 compared to $5.4 million in 2025. General and administrative expenses were $7.9 million in 2026 compared to $6.2 million in 2025. Depreciation and amortization was $2.8 million in 2026 compared to $2.6 million in 2025. #### Income from Operations Income from operations was $5.4 million in 2026 compared to $4.2 million in 2025. ### Cash Flow for Three Months Ended March 31, 2026, Compared to March 31, 2025 #### Net Cash Provided by Operating Activities Net cash provided by operating activities increased 32% to $6.6 million in 2026 from $5.0 million in 2025. #### Free Cash Flow Free cash flow was $3.1 million in 2026 compared to $2.5 million in 2025. #### Cash and Cash Equivalents Cash and cash equivalents were $43.5 million as of March 31, 2026. #### Net Cash Used in Investing Activities Net cash used in investing activities was - $3.5 million in 2026 compared to - $2.5 million in 2025. #### Net Cash Used in Financing Activities Net cash used in financing activities was - $3.2 million in 2026 compared to - $4.4 million in 2025. ### Operational Metrics #### Customer Growth Red Violet, Inc. recorded one of its strongest quarters ever for new customer onboarding. #### IDI™ Customers Red Violet, Inc. added 400 customers to IDI™ during Q1 2026, bringing the total to 10,422 customers by quarter-end. #### FOREWARN® Users Red Violet, Inc. added 27,662 users to FOREWARN® during Q1 2026, totaling 417,680 users by quarter-end, with over 640 REALTOR® Associations in the U.S. contracted to use FOREWARN®. #### Stock Repurchase Program Red Violet, Inc. purchased 73,250 shares of its common stock year-to-date through April 30, 2026, at an average price of $41.90 per share, with $15.6 million remaining under the Stock Repurchase Program as of April 30, 2026. #### Employee Count (Q1 2026) Employee count for Q1 2026 included 104 in Sales and marketing, 13 in Support, 36 in Infrastructure, 77 in Engineering, and 30 in Administration. ### Outlook / Guidance Red Violet, Inc. continues to invest in its product roadmap and go-to-market capabilities, expressing confidence in significant future opportunities. The company believes its cloud-native, AI-embedded platform and differentiated longitudinal identity graph are foundational to AI-driven decisioning in regulated environments, a perspective validated by customer demand each quarter. ### Related Stocks - [RDVT.US](https://longbridge.com/en/quote/RDVT.US.md) ## Related News & Research - [Anglogold Ashanti Says Guidance On Track With An Improved H2 2026](https://longbridge.com/en/news/294511455.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [What to Expect From Ulta Beauty’s Q2 2026 Earnings Report](https://longbridge.com/en/news/293941254.md) - [Vale updates financial events calendar for 2026](https://longbridge.com/en/news/294418484.md) - [ERG announces availability of H1 2026 interim financial report](https://longbridge.com/en/news/294572882.md)