Core Insights - Red Violet, Inc. reported a record revenue increase of 26% to $22.0 million for the first quarter of 2025 compared to the same period in 2024, with a GAAP EPS of $0.24 [1][5][12] Financial Performance - Gross profit rose by 37% to $15.8 million, with gross margin improving to 72% from 66% [5][12] - Adjusted gross profit increased by 33% to $18.3 million, and adjusted gross margin rose to 83% from 79% [5][12] - Net income surged by 93% to $3.4 million, resulting in earnings of $0.25 and $0.24 per basic and diluted share, respectively [5][12] - Adjusted EBITDA grew by 47% to $8.4 million, with adjusted EBITDA margin increasing to 38% from 32% [5][12] - Adjusted net income increased by 53% to $4.8 million, leading to adjusted earnings of $0.35 and $0.33 per basic and diluted share, respectively [5][12] Cash Flow and Dividends - Net cash provided by operating activities rose by 16% to $5.0 million [5][14] - Cash and cash equivalents stood at $34.6 million as of March 31, 2025 [5][14] - The company paid a special cash dividend of $0.30 per share, totaling $4.2 million, to shareholders of record as of January 31, 2025 [5][12] Customer Metrics - The company added 315 customers to its IDI platform, ending the quarter with 9,241 customers [5][12] - FOREWARN saw an addition of 21,918 users, bringing the total to 325,336 users, with over 545 REALTOR Associations contracted to use the service [5][12] Business Model and Strategy - Red Violet focuses on proprietary technologies and analytical capabilities to deliver identity intelligence, enabling real-time identification and location of people, businesses, and assets [4][5] - The company's solutions are utilized for identity verification, risk mitigation, fraud detection, and regulatory compliance, among other applications [4][5]

Core Insights - Red Violet, Inc. will participate in the 20th Annual Needham Technology, Media, & Consumer Conference from May 8-13, 2025, with investor meetings hosted virtually on May 12, 2025 [1] Company Overview - Red Violet, Inc. specializes in analytics and information solutions, focusing on identity intelligence through proprietary technologies and analytical capabilities [2] - The company's solutions facilitate real-time identification and location of individuals, businesses, and assets, serving purposes such as identity verification, risk mitigation, due diligence, fraud detection, regulatory compliance, and customer acquisition [2] - Red Violet's intelligent platform, CORE™, is designed for enterprises but adaptable for organizations of all sizes, transforming large datasets into actionable intelligence [2]

Core Insights - Red Violet, Inc. will report its financial results for Q1 2025 on May 7, 2025, after U.S. market close [1] - The earnings call is scheduled for May 7, 2025, at 4:30 PM ET, where the company will 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, and a general dial-in number will not be provided [2] - The earnings call will be simultaneously webcast on the Investors section of the Red Violet website [2][3] - An archived version of the earnings call will be available on the company's website after the conference call [3] 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, due diligence, fraud detection, regulatory compliance, and customer acquisition [4] - Red Violet's intelligent platform, CORE™, is designed for enterprises and can handle large datasets, transforming data into actionable intelligence [4]