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.