BOCA RATON, Fla., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will present at the Raymond James TMT and Consumer Conference being held December 8-10, 2025 in New York. Derek Dubner, Chief Executive Officer, and Dan MacLachlan, Chief Financial Officer, will present and host investor meetings on December 9, 2025. About red violet®At red violet, we build proprietary technologies and apply analytical capabilit ...

BOCA RATON, Fla., Nov. 07, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it has been named to TIME’s list of “America’s Growth Leaders of 2026”, a ranking that highlights the top companies in the U.S. characterized by growth performance, financial stability, and stock performance. Inclusion on the America’s Growth Leaders of 2026 list recognizes red violet among the country’s most dynamic and successful companies. This ...

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Core Insights - Red Violet, Inc. (RDVT) reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing an increase from $0.22 per share a year ago, resulting in an earnings surprise of +21.88% [1] - The company achieved revenues of $23.08 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.29% and increasing from $19.06 million year-over-year [2] - Red Violet's stock has increased by approximately 44.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.1% [3] Earnings Outlook - The future performance of Red Violet's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, including current consensus earnings expectations for upcoming quarters [4][6] - The current consensus EPS estimate for the next quarter is $0.13 on revenues of $21.41 million, and for the current fiscal year, it is $1.07 on revenues of $87.97 million [7] Industry Context - The Internet - Software and Services industry, to which Red Violet belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 reached a record $23.1 million, up 21% year-over-year [6][12] - Adjusted gross profit was a record $19.4 million, resulting in an adjusted gross margin of 84%, up one percentage point [6][12] - Adjusted EBITDA for the quarter was a record $9 million, an increase of 35% year-over-year, with an adjusted EBITDA margin of 39%, up four percentage points [12] - Adjusted net income increased 75% to a record $5.8 million, resulting in adjusted earnings of $0.39 per diluted share [12][17] - Free cash flow for the quarter was a record $7.3 million, a 51% increase from $4.8 million a year ago [17] Business Line Data and Key Metrics Changes - IDI added over 300 customers, ending the quarter with over 9,800 customers [6][12] - Forewarn added over 25,000 users, with over 590 realtor associations contracted [6][12] - The investigative vertical showed strong performance, driven by demand from law enforcement and investigative customers [12][14] - The emerging markets vertical, including retail, legal, repossession, government, and healthcare, contributed to growth [12][14] - Collections experienced high teens revenue growth, indicating a steady recovery [14] Market Data and Key Metrics Changes - Government sector wins included contracts with state toll authorities and departments of revenue, indicating strong public sector performance [7][22] - Gross revenue retention remained strong at 96%, improving by two percentage points year-over-year [15] Company Strategy and Development Direction - The company continues to invest in platform capabilities, product advancements, and AI integration to enhance competitive advantages [6][8] - The strategic focus is on expanding go-to-market capabilities and enhancing proprietary data assets [8][9] - A $15 million increase to the share repurchase program was announced, reflecting confidence in the company's growth trajectory [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in closing out 2025 as another record year, supported by a strong sales pipeline and disciplined execution [11][18] - The company is excited about the opportunities in the public sector and background screening markets, anticipating significant growth in 2026 [22][25] Other Important Information - Cash and cash equivalents were $45.4 million at the end of Q3 2025, up from $36.5 million at year-end 2024 [17] - The company purchased 15,437 shares at an average price of $42.26 during the quarter [17] Q&A Session Summary Question: Details on traction with larger public and enterprise sector customers - Management highlighted investments in the public sector division and background screening solutions, noting recent wins with state toll authorities and large payroll processors [22][23] Question: Addressable market for large toll authorities and payroll processing - Management indicated that every state has some form of toll authority, presenting substantial market opportunities, and emphasized the enormous background screening industry [24][25] Question: Renewals and ARPU growth for Forewarn - Management confirmed strong renewals and retention rates for Forewarn, with plans to add features that could enhance pricing during renewals [30][32] Question: Customer pipeline for Q4 - Management expressed excitement about the strong customer pipeline but noted potential seasonal slowdowns in Q4 due to fewer business days [34] Question: Expectations for gross margin in Q4 - Management expects gross margins to remain consistent with Q3 levels, around 82%-84% [38] Question: Attractiveness of current share price for buyback - Management affirmed that the current share price is attractive and emphasized the importance of investing in the business for long-term growth [39]

Financial Performance - Total revenue increased 21% to $23.1 million for the three months ended September 30, 2025[84]. - Net income increased 145% to $4.2 million, resulting in earnings of $0.30 per basic share[84]. - Adjusted EBITDA increased 35% to $9.0 million, with an adjusted EBITDA margin of 39%[84]. - Gross profit increased 26% to $16.8 million, with a gross margin of 73%[84]. - Adjusted net income increased 75% to $5.8 million, resulting in adjusted earnings of $0.41 per basic share[84]. - Free cash flow (FCF) for the three months ended September 30, 2025, was $7.3 million, compared to $4.8 million for the same period in 2024, reflecting a 51% increase[92]. - Income before income taxes increased by $4.0 million, or 46%, to $12.6 million for the nine months ended September 30, 2025[125]. - Net income increased by $4.2 million, or 68%, to $10.3 million for the nine months ended September 30, 2025[128]. - Cash flows provided by operating activities were $22.7 million for the nine months ended September 30, 2025, compared to $17.3 million for the same period in 2024[132][134]. Customer Metrics - IDI had 9,853 billable customers as of September 30, 2025, up from 8,743 in the previous year[78]. - FOREWARN added 25,538 users during the third quarter, ending with 372,209 users[89]. - The IDI billable customer base increased to 9,853 customers as of September 30, 2025, up from 8,743 customers a year earlier[101]. - FOREWARN user base increased to 372,209 users as of September 30, 2025, up from 284,967 users a year earlier[101]. - As of September 30, 2025, the IDI billable customer base increased to 9,853 customers, up from 8,743 customers a year earlier, while the FOREWARN user base grew to 372,209 users, up from 284,967 users[115]. Revenue Breakdown - Revenue increased by $4.0 million, or 21%, to $23.1 million for the three months ended September 30, 2025, compared to $19.1 million for the same period in 2024[96]. - Revenue from existing customers increased by $4.1 million, or 24%, while revenue from new customers decreased by $0.1 million, or 6%[99]. - Revenue from new customers increased by $0.9 million, or 17%, and revenue from existing customers increased by $10.4 million, or 21%[118]. Cost and Expenses - Cost of revenue (exclusive of depreciation and amortization) increased by $0.3 million, or 9%, to $3.6 million for the three months ended September 30, 2025[102]. - Cost of revenue (exclusive of depreciation and amortization) increased by $0.3 million, or 2%, to $10.8 million for the nine months ended September 30, 2025[116]. - Cost of revenue as a percentage of revenue decreased to 16% for the nine months ended September 30, 2025, compared to 19% for the same period in 2024[120]. - Sales and marketing expenses increased by $3.5 million, or 27%, to $16.4 million for the nine months ended September 30, 2025[121]. Cash Position - Cash and cash equivalents were $45.4 million as of September 30, 2025[85]. - As of September 30, 2025, total shareholders' equity was $101.7 million and cash and cash equivalents were $45.4 million[138]. - The company expects to fund commitments under data licensing agreements and a cloud service agreement totaling $44.9 million using available cash on hand and cash flows generated from operations over the next twelve months[137]. Stock Repurchase Program - The company increased its Stock Repurchase Program authorization by $15.0 million, totaling $30.0 million[89].

Exhibit 99.1 Revenue Increases 21% to a Record $23.1 Million Producing a Record $10.2 Million in Cash Flow from Operations Announces $15.0 Million Increase to Share Repurchase Program BOCA RATON, Fla. – November 5, 2025 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the quarter ended September 30, 2025. "We are thrilled to report another record-breaking quarter, delivering new highs across all key financial metrics," stated De ...

Core Insights - Red Violet, Inc. reported a record revenue increase of 21% to $23.1 million for the quarter ended September 30, 2025, alongside a significant net income increase of 145% to $4.2 million [1][7][19] - The company announced a $15 million increase to its share repurchase program, bringing the total authorized amount to $30 million [1][7] Financial Performance - Total revenue increased by 21% to $23.1 million compared to $19.1 million in the same quarter of the previous year [7][21] - Gross profit rose by 26% to $16.8 million, with gross margin improving to 73% from 70% [7][23] - Adjusted gross profit increased by 23% to $19.4 million, with adjusted gross margin rising to 84% from 83% [7][23] - Net income surged by 145% to $4.2 million, resulting in earnings of $0.30 and $0.29 per basic and diluted share, respectively [7][15] - Adjusted EBITDA grew by 35% to $9.0 million, with adjusted EBITDA margin increasing to 39% from 35% [7][21] Customer Metrics - The company added 304 customers to its IDI platform during the third quarter, ending with a total of 9,853 customers [7][31] - FOREWARN saw an addition of 25,538 users, bringing the total to 372,209 users, with over 590 REALTOR Associations contracted to use the service [7][31] Cash Flow and Liquidity - Net cash provided by operating activities increased by 40% to $10.2 million [7][16] - Cash and cash equivalents stood at $45.4 million as of September 30, 2025, compared to $36.5 million at the end of the previous year [7][12] Shareholder Returns - The company repurchased 15,437 shares at an average price of $42.26 per share during the third quarter [7][19] - The total remaining under the Stock Repurchase Program is $18.9 million [7][19]

Financial Performance - Q3'25 TTM Revenue reached $86 million[17] - Q3'25 TTM Adjusted EBITDA Margin was 34%[20] - Q3'25 Gross Revenue Retention was 96%[17] - Q3'25 Adjusted Gross Margin was 84%[47] - The company's revenue experienced a Compound Annual Growth Rate (CAGR) of 36% from 2017 to 2024[93, 97] - Adjusted EBITDA grew at a CAGR of 66% from 2019 to 2024[100] Customer Base - The company has over 9,850 customers[17] - FOREWARN has over 372,200 users[51] Market Opportunity - The company operates in a large and growing Total Addressable Market (TAM) exceeding $10 billion[17, 56] Strategic Focus - The company's AI/ML-driven platform unifies disparate data to provide actionable identity intelligence[34, 35] - The company's solutions address critical needs in identity verification, fraud prevention, and risk management[36]

BOCA RATON, Fla., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced that it will present at the Southwest IDEAS Investor Conference being held November 19-20, 2025 in Dallas. Camilo Ramirez, Senior Vice President, Finance and Investor Relations, will present and host investor meetings on November 20, 2025. About red violet®At red violet, we build proprietary technologies and apply analytical capabilities to deliver iden ...