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]

Company Announcement - Red Violet, Inc. will present at the Southwest IDEAS Investor Conference on November 19-20, 2025, in Dallas [1] - Camilo Ramirez, Senior Vice President of Finance and Investor Relations, will host investor meetings on November 20, 2025 [1] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence [2] - The company’s technology supports critical solutions for real-time identification and location of people, businesses, and assets [2] - Solutions provided by Red Violet include identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition [2] - The CORE™ platform is designed for enterprises but is adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [2] - Red Violet's solutions aim to facilitate frictionless commerce, enhance safety, and reduce fraud-related expenses [2]

Core Insights - FOREWARN, LLC has partnered with the Massachusetts Association of REALTORS® (MAR) to provide its services to over 22,000 members in Massachusetts, focusing on enhancing real estate agent safety [1][3]. Company Overview - FOREWARN offers real-time information solutions that analyze billions of data points to help real estate agents mitigate risks by verifying identities, searching criminal histories, and validating client information using just a phone number [2][5]. - The services provided by FOREWARN to MAR members come at no additional cost, promoting proactive safety measures for agents [2][3]. Industry Impact - The initiative aims to empower real estate agents with essential identity insights, helping them assess potential risks, prevent fraud, and conduct business with greater confidence [3]. - The technology behind FOREWARN is designed to enhance safety and reduce fraud in real estate transactions, which is critical for the industry [5][6].

Core Insights - The Salt Lake Board of REALTORS® has contracted with FOREWARN to provide its services to over 9,000 real estate professionals in Utah, enhancing agent safety [1][4] - FOREWARN offers real-time information solutions that analyze billions of data points to help agents verify identities, check criminal histories, and validate client information using just a phone number [2][6] - The services provided by FOREWARN will be available to members of the Salt Lake Board of REALTORS® at no additional cost [3] Company Overview - FOREWARN is a subsidiary of red violet, Inc. and specializes in providing identity intelligence and risk mitigation solutions for real estate agents [6][7] - The technology behind FOREWARN enables organizations to conduct due diligence, fraud detection, and regulatory compliance through powerful analytics and a vast data repository [7] Member Benefits - The introduction of FOREWARN services is aimed at empowering real estate agents with reliable identity insights, allowing them to identify potential risks and focus on client service with greater confidence [4] - Existing members of the Salt Lake Board of REALTORS® will receive instructions on how to activate their FOREWARN subscription as part of their membership benefits [4]

Core Insights - FOREWARN, LLC has partnered with the REALTOR® Alliance of Greater Cincinnati to provide its services to over 5,000 real estate professionals, enhancing agent safety in the region [1][3] - The FOREWARN service offers real-time data analysis, allowing agents to verify identities, check criminal histories, and validate client information using just a phone number [2][5] - The service is provided at no additional cost to RAGC members, emphasizing the organization's commitment to member safety and empowerment [2][3] Company Overview - FOREWARN specializes in real-time information solutions for real estate agents, leveraging extensive data analytics to enhance safety and operational efficiency [5][6] - The technology enables organizations to conduct identity verification, risk assessment, and due diligence, thereby facilitating safer engagements and smarter interactions [5][6] Industry Context - The partnership reflects a growing trend in the real estate industry to prioritize agent safety amid increasing risks faced by professionals in the market [3][4] - By adopting advanced tools like FOREWARN, real estate organizations aim to equip their members with resources that enhance safety and operational confidence [3][5]

Core Insights - Red Violet, Inc. will report its financial results for Q3 2025 on November 5, 2025, after U.S. market close [1] - An earnings call will be held on the same day at 4:30 PM ET to discuss quarterly results and provide a business update [1] Participant Registration & Webcast Information - Participants must register to receive unique dial-in credentials for the earnings call, which will be webcast on the company's website [2][3] - It is advised to log in at least 15 minutes prior to the call for any necessary downloads [2] Company Overview - Red Violet specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies [4] - The company's solutions are utilized for identity verification, risk mitigation, fraud detection, and regulatory compliance, among other applications [4] - The CORE™ platform is designed for enterprises but is adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [4]

Core Insights - Interactive Data, LLC (IDI) has announced a strategic partnership with TazWorks to enhance identity verification and risk mitigation solutions for the background screening industry [1][5] - The collaboration aims to improve client trust and satisfaction while increasing profitability for consumer reporting agencies (CRAs) [1][5] Company Overview - IDI is a leader in identity verification and risk mitigation, providing innovative identity intelligence solutions that empower organizations to operate with confidence [6] - The company utilizes a cloud-native, AI/ML-driven technology platform to deliver real-time identification and location of individuals, businesses, and assets [6] Partnership Details - IDI will join the TazWorks partner ecosystem, which focuses on open integration and delivering elite solutions for background screening agencies [2] - The partnership will leverage IDI's consumer identity graph, which covers nearly 100% of the U.S. adult population, to enhance internal background screening processes [2] Product Offerings - IDI's solutions include idiTRACE™, which helps uncover an applicant's address and alias history, and idiCRIM™, a national criminal history database that reduces false positives [3][4] - idiALIAS™ combines address trace and national criminal database searches to deliver comprehensive criminal results for all subject aliases [4] Industry Impact - The integration of IDI's identity intelligence with TazWorks' technology is expected to provide mutual customers with deeper insights, faster verifications, and more reliable results [5] - This collaboration represents a significant step forward in empowering screening agencies with advanced technology [5]

Core Insights - Interactive Data, LLC (IDI) has announced a strategic partnership with TazWorks to enhance identity verification and risk mitigation solutions for the background screening industry [1][5] - The collaboration aims to improve client trust and satisfaction while increasing profitability for consumer reporting agencies (CRAs) [1][5] Company Overview - IDI is a leader in identity verification and risk mitigation, utilizing a cloud-native, AI/ML-driven technology platform to provide innovative identity intelligence solutions [6] - IDI's consumer identity graph covers nearly 100% of the U.S. adult population, leveraging proprietary and publicly available data [2] Product Offerings - IDI's solutions include idiTRACE™, which helps uncover an applicant's address and alias history, and idiCRIM™, a national criminal history database that reduces false positives and streamlines background screening processes [3][4] - idiALIAS™ combines address trace and national criminal database searches to enhance efficiency and outcomes in background checks [4] Strategic Partnership - The partnership with TazWorks will integrate IDI's identity intelligence solutions into TazWorks' platform, providing mutual customers with deeper insights and faster verifications [2][5] - TazWorks is part of MeridianLink, which offers a unified data platform to empower financial institutions and consumer reporting agencies [8][9]

Core Insights - FOREWARN, LLC has partnered with Pacific Regional Multiple Listing Service (PACMLS) to provide its services to over 1,800 real estate professionals in southeastern Washington, enhancing agent safety [1][3] - The FOREWARN service analyzes billions of data points to help real estate agents verify identities, check criminal histories, and validate client information using just a phone number [2][5] - The service is offered at no additional cost to PACMLS members, reflecting the organization's commitment to prioritizing member safety [3] Company Overview - FOREWARN specializes in real-time information solutions for real estate agents, focusing on safety and risk mitigation through advanced analytics [5] - The company is part of red violet, which develops proprietary technologies for identity intelligence and risk assessment [6]