BOCA RATON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ:RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that HiCentral MLS® will offer FOREWARN® services to its 6,000+ members in the Honolulu Board of REALTORS® and throughout the island of Oahu to promote proactive real estate agent safety. Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with ...

BOCA RATON, Fla., April 04, 2025 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ:RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Little Rock REALTORS® Association ("LRRA") will offer FOREWARN® services to its 1,400+ members it serves throughout the Little Rock metropolitan area to promote proactive real estate agent safety. Available both online and through a mobile application, FOREWARN analyzes billions of data points and provi ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

BOCA RATON, Fla., March 18, 2025 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ:RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Willamette Valley Multiple Listing Service ("WVMLS") will offer FOREWARN® services to its 3,000+ members they serve which include the Mid Valley Association of REALTORS®, Polk County Board of REALTORS®, Willamette Association of REALTORS® and the surrounding areas to promote proactive real estate agent ...

BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced the appointment of Greg Strakosch to the red violet Board of Directors, effective March 4, 2025. "We are thrilled to welcome Greg to our Board of Directors," said Derek Dubner, Chairman and CEO of red violet. "His proven track record in scaling technology businesses and deep understanding of market dynamics will be invaluable as we continue to drive ou ...

Exhibit 99.1 red violet Announces Fourth Quarter and Full Year 2024 Financial Results Fourth Quarter Revenue Increased 30% to a Record $19.6 Million, Producing $6.7 Million of Cash Flow from Operations Full Year 2024 Revenue Increased 25% to $75.2 Million, Generating GAAP EPS of $0.50 BOCA RATON, Fla. – February 27, 2025 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial results for the fourth quarter and full year ended December 31, 2024. "W ...

Financial Data and Key Metrics Changes - The company reported record revenue for Q4 2024 of $19.6 million, representing a 30% increase year-over-year [10][27] - Adjusted gross profit for the quarter was $16.1 million, with an adjusted gross margin of 82%, up four percentage points from the previous year [11][27] - Adjusted EBITDA for Q4 2024 increased 68% to $4.5 million, resulting in an adjusted EBITDA margin of 23%, up five percentage points [11][27] - Adjusted net income rose 390% to $1.3 million for the quarter, leading to adjusted earnings of $0.09 per diluted share [11][35] - For the full year 2024, revenue increased 25% to $75.2 million, with adjusted gross profit of $61.2 million and adjusted EBITDA of $23.6 million, maintaining a 31% adjusted EBITDA margin [13][39] Business Line Data and Key Metrics Changes - The IDI segment saw growth across all verticals, particularly in financial and corporate risk, which experienced significant adoption of identity solutions [29] - The emerging markets vertical, including government, legal, retail, healthcare, and repossession, delivered solid double-digit revenue growth [30] - The collections vertical continued its upward trend with its fourth consecutive quarter of double-digit revenue growth [30] - The real estate vertical, excluding FOREWARN, returned to growth with single-digit revenue expansion in Q4 2024 [31] - FOREWARN achieved another quarter of double-digit revenue growth, marking its 19th consecutive quarter of sequential growth [31] Market Data and Key Metrics Changes - The company has a growing customer base with 8,926 IDI billable customers and over 303,418 users on FOREWARN [12][26] - Contractual revenue was 77% for the quarter, down 5 percentage points from the prior year, while gross revenue retention improved to 96%, up 4 percentage points [32] - The company is in early innings across its five key verticals, with significant growth potential in financial and corporate risk, collections, real estate, investigative, and emerging markets [70][75] Company Strategy and Development Direction - The company aims to maintain a customer-centric approach, focusing on delivering extraordinary value and expanding its competitive edge through its cloud-native platform [16][17] - Plans include enhancing data assets, increasing automation, and investing in AI initiatives to drive innovation and efficiency [20][21][22] - The company is committed to pushing the boundaries of innovation and maintaining a sense of urgency in its operations [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining momentum into 2025, driven by a strong sales pipeline and ongoing investments in strategic areas [46] - The company anticipates continued growth in existing customer relationships and new customer acquisitions, with a focus on higher-tier customers [50] - Management expects EBITDA margins to remain consistent with 2024 levels while continuing to invest in growth initiatives [80] Other Important Information - Cash and cash equivalents were $36.5 million at year-end 2024, an increase from $32 million at the end of 2023 [36] - The company generated $14.4 million in free cash flow for 2024, a 143% increase from the previous year [39] - A special cash dividend of $0.30 per share was announced, totaling $4.2 million, paid out on February 14, 2025 [38] Q&A Session Summary Question: How can the company build on momentum in 2025 to maintain elevated top-line growth? - Management highlighted strong brand awareness, a robust sales pipeline, and ongoing investments in strategic areas as key factors for sustaining growth [44][46] Question: What are the opportunities for expanding within the existing customer base versus new customers? - Management indicated a significant opportunity to extract more revenue from existing relationships while also pursuing new customer acquisitions [50] Question: Are the recent investments in sales and marketing generating a healthy ROI? - Management confirmed that they are beginning to see ROI from recent hires and expect consistent investment in sales and marketing in 2025 [55] Question: Can you provide details about new products and their potential benefits? - Management discussed ongoing product enhancements, including AI initiatives and expanded functionalities, aimed at improving customer interactions and data extraction [59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-38407 Washington, D.C. 20549 RED VIOLET, INC. (Exact name of registrant as specified in its charter) Delaware 82-2408531 (State or other jurisdiction of ...

Company Presentation February 2025 Statement Regarding Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures are in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of limitations related to the use of these non- GAAP financial meas ...

Core Insights - Red Violet, Inc. reported a record fourth quarter revenue of $19.6 million, representing a 30% increase year-over-year, and a full year revenue of $75.2 million, up 25% from the previous year [1][4][14] - The company achieved a net income of $0.9 million in Q4 2024, compared to a net loss of $1.1 million in Q4 2023, resulting in earnings of $0.06 per share [4][20] - Adjusted EBITDA for the fourth quarter increased by 68% to $4.5 million, with an adjusted EBITDA margin of 23% [4][19] Fourth Quarter Financial Results - Total revenue for Q4 2024 was $19.6 million, a 30% increase from Q4 2023 [4] - Gross profit rose 43% to $13.7 million, with a gross margin improvement to 70% from 64% [4] - Adjusted gross profit increased 37% to $16.1 million, with an adjusted gross margin of 82% [4] - Net income was $0.9 million, translating to a net income margin of 4% compared to a net loss margin of 7% in the prior year [4] - Cash from operating activities increased 59% to $6.7 million [4] Full Year Financial Results - Full year revenue for 2024 reached $75.2 million, a 25% increase from $60.2 million in 2023 [4][14] - Gross profit for the year was $51.8 million, up 33%, with a gross margin of 69% [4] - Net income for the year was $7.0 million, down from $13.5 million in 2023, resulting in earnings of $0.51 per share [4][14] - Adjusted EBITDA for the full year increased 44% to $23.6 million, with an adjusted EBITDA margin of 31% [4][19] Business Highlights - The company added 183 customers to its IDI™ platform in Q4, ending the year with 8,926 customers [4] - FOREWARN user base grew by 18,451 in Q4, totaling 303,418 users, with over 525 REALTOR Associations contracted [4] - The onboarding of higher-tier customers continued, with 96 customers contributing over $100,000 in revenue in 2024, compared to 72 in 2023 [4] - The company repurchased 292,744 shares of common stock in 2024 at an average price of $19.81 per share [5]