red violet Announces Fourth Quarter and Full Year 2025 Financial Results

Core Insights - Red Violet, Inc. reported a record fourth quarter revenue of $23.4 million, marking a 20% increase year-over-year [1][4] - For the full year 2025, total revenue reached $90.3 million, also reflecting a 20% growth compared to 2024 [1][4] - The company achieved a GAAP EPS of $0.91 for the full year, with net income increasing by 88% to $13.2 million [1][4] Financial Performance - Fourth quarter gross profit rose 23% to $16.8 million, with gross margin improving to 72% from 70% [4] - Adjusted gross profit for the fourth quarter increased by 21% to $19.5 million, with adjusted gross margin at 83% [4] - Full year gross profit increased 26% to $65.1 million, with gross margin rising to 72% from 69% [4] - Adjusted EBITDA for the fourth quarter grew 33% to $5.9 million, with an adjusted EBITDA margin of 25% [4] - Full year adjusted EBITDA increased 31% to $31.0 million, with an adjusted EBITDA margin of 34% [4] Customer Growth and Market Position - The company added 169 customers to its IDI™ platform in the fourth quarter, ending the year with a total of 10,022 customers [3][8] - FOREWARN service saw an addition of 17,809 users in the fourth quarter, bringing the total to 390,018 users [8] - The company has contracted over 620 REALTOR Associations to use the FOREWARN service [8] Cash Flow and Financial Health - Cash from operating activities for the full year increased by 22% to $29.3 million [4] - As of December 31, 2025, cash and cash equivalents stood at $43.6 million [4] - The company repurchased 57,812 shares of common stock at an average price of $44.01 per share, with $16.4 million remaining under the Stock Repurchase Program [8]