Red Violet Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Red Violet Inc has an operating margin of 10.5%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 4.2% the prior year.
Red Violet Inc's revenue surged 24.9% year-over-year to $75.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Red Violet Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.48, Red Violet Inc holds $4.48 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Red Violet Inc converts 31.6% of revenue into free cash flow ($23.8M). This strong cash generation earns a score of 100/100.
Red Violet Inc's ROE of 8.1% shows moderate profitability relative to equity, earning a score of 32/100. This is down from 15.7% the prior year.
Red Violet Inc scores 31.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($586.9M) relative to total liabilities ($11.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Red Violet Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Red Violet Inc generates $3.42 in operating cash flow ($24.0M OCF vs $7.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Red Violet Inc earns $5.7 in operating income for every $1 of interest expense ($7.9M vs $1.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Red Violet Inc (RDVT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Red Violet Inc generated $75.2M in revenue in fiscal year 2024. This represents an increase of 24.9% from the prior year.
Red Violet Inc's EBITDA was $17.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 61.0% from the prior year.
Red Violet Inc generated $23.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 59.1% from the prior year.
Red Violet Inc reported $7.0M in net income in fiscal year 2024. This represents a decrease of 48.2% from the prior year.
Red Violet Inc earned $0.50 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 47.9% from the prior year.
Red Violet Inc held $36.5M in cash against $0 in long-term debt as of fiscal year 2024.
Red Violet Inc paid $0.30 per share in dividends in fiscal year 2024.
Red Violet Inc had 14M shares outstanding in fiscal year 2024. This represents a decrease of 0.2% from the prior year.
Red Violet Inc's gross margin was 81.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.
Red Violet Inc's operating margin was 10.5% in fiscal year 2024, reflecting core business profitability. This is up 6.4 percentage points from the prior year.
Red Violet Inc's net profit margin was 9.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 13.2 percentage points from the prior year.
Red Violet Inc's ROE was 8.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 7.6 percentage points from the prior year.
Red Violet Inc spent $5.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 57.7% from the prior year.
Red Violet Inc invested $169K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 38.5% from the prior year.
RDVT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.1M+6.0% | $21.8M-1.0% | $22.0M+12.5% | $19.6M+2.7% | $19.1M+8.8% | $17.5M+16.3% | $15.1M-4.9% | $15.8M |
| Cost of Revenue | $3.6M+3.5% | $3.5M | N/A | $3.3M-4.1% | $3.5M | N/A | N/A | N/A |
| Gross Profit | $19.5M+6.5% | $18.3M | N/A | $15.7M+0.9% | $15.6M | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.8M-6.6% | $7.3M+17.5% | $6.2M-26.0% | $8.3M+45.1% | $5.8M-0.7% | $5.8M-16.2% | $6.9M+32.2% | $5.2M |
| Operating Income | $4.6M+66.3% | $2.8M-34.7% | $4.2M+1035.0% | $371K-87.9% | $3.1M+54.7% | $2.0M+321.6% | -$895K-150.7% | $1.8M |
| Interest Expense | $386K+13.9% | $339K+10.1% | $308K-16.3% | $368K+17.2% | $314K-14.0% | $365K | N/A | N/A |
| Income Tax | $749K+85.4% | $404K-62.6% | $1.1M+970.2% | -$124K-116.6% | $745K+32.1% | $564K+0.4% | $562K+105.4% | -$10.4M |
| Net Income | $4.2M+56.9% | $2.7M-21.9% | $3.4M+298.6% | $863K-67.3% | $2.6M+47.8% | $1.8M+266.7% | -$1.1M-108.6% | $12.5M |
| EPS (Diluted) | $0.29+61.1% | $0.18-25.0% | $0.24+300.0% | $0.06-68.4% | $0.19+46.2% | $0.13+316.7% | $-0.06-106.9% | $0.87 |
RDVT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.1M+6.9% | $104.8M+5.8% | $99.1M+0.6% | $98.5M+5.4% | $93.5M-0.6% | $94.0M+1.1% | $93.0M-2.4% | $95.3M |
| Current Assets | $58.0M+14.2% | $50.8M+10.7% | $45.9M-0.6% | $46.2M+14.4% | $40.4M-2.7% | $41.5M+3.1% | $40.3M-4.5% | $42.2M |
| Cash & Equivalents | $45.4M+16.7% | $38.8M+12.3% | $34.6M-5.2% | $36.5M+18.0% | $30.9M-3.7% | $32.1M+0.4% | $32.0M-6.4% | $34.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $10.4M+6.2% | $9.8M+1.7% | $9.6M+19.7% | $8.1M+1.2% | $8.0M+1.2% | $7.9M+10.3% | $7.1M+4.8% | $6.8M |
| Goodwill | $5.2M0.0% | $5.2M0.0% | $5.2M0.0% | $5.2M0.0% | $5.2M0.0% | $5.2M0.0% | $5.2M0.0% | $5.2M |
| Total Liabilities | $10.3M+19.8% | $8.6M+19.2% | $7.2M-39.1% | $11.9M+118.2% | $5.5M-46.4% | $10.2M+48.0% | $6.9M+23.2% | $5.6M |
| Current Liabilities | $6.9M+24.1% | $5.6M+9.2% | $5.1M-50.5% | $10.3M+179.4% | $3.7M-55.7% | $8.3M+70.8% | $4.9M+42.0% | $3.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $101.7M+5.7% | $96.2M+4.7% | $91.8M+6.0% | $86.6M-1.6% | $88.0M+5.0% | $83.8M-2.6% | $86.1M-4.0% | $89.7M |
| Retained Earnings | $9.5M+80.2% | $5.3M+104.5% | $2.6M+395.4% | -$870K+74.8% | -$3.5M+43.3% | -$6.1M+22.7% | -$7.9M-15.7% | -$6.8M |
RDVT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.2M+35.9% | $7.5M+49.7% | $5.0M-25.3% | $6.7M+17.0% | $5.7M+32.8% | $4.3M+2.4% | $4.2M-27.4% | $5.8M |
| Capital Expenditures | $187K-7.4% | $202K+304.0% | $50K+194.1% | $17K-67.3% | $52K-20.0% | $65K+170.8% | $24K-48.9% | $47K |
| Free Cash Flow | $10.0M+37.1% | $7.3M+47.1% | $5.0M-25.8% | $6.7M+17.8% | $5.7M+33.6% | $4.2M+1.4% | $4.2M-27.2% | $5.7M |
| Investing Cash Flow | -$2.9M-6.1% | -$2.7M-7.9% | -$2.5M-9.7% | -$2.3M+6.7% | -$2.5M-3.0% | -$2.4M-12.5% | -$2.1M+13.5% | -$2.5M |
| Financing Cash Flow | -$786K-49.7% | -$525K+88.0% | -$4.4M-20.5% | -$3.6M+18.4% | -$4.5M-147.9% | -$1.8M+57.7% | -$4.3M-771.9% | -$488K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $653K | $0 | $0 | $0-100.0% | $4.4M+213.6% | $1.4M-42.5% | $2.5M+621.4% | $341K |
RDVT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3%+0.4pp | 83.9% | N/A | 82.6%+0.7pp | 81.9% | N/A | N/A | N/A |
| Operating Margin | 19.8%+7.2pp | 12.6%-6.5pp | 19.1%+17.2pp | 1.9%-14.2pp | 16.1%+4.8pp | 11.3%+17.3pp | -5.9%-17.1pp | 11.1% |
| Net Margin | 18.3%+5.9pp | 12.3%-3.3pp | 15.6%+11.2pp | 4.4%-9.4pp | 13.8%+3.6pp | 10.2%+17.3pp | -7.1%-86.0pp | 78.9% |
| Return on Equity | 4.1%+1.3pp | 2.8%-1.0pp | 3.8%+2.7pp | 1.0%-2.0pp | 3.0%+0.9pp | 2.1% | N/A | 13.9% |
| Return on Assets | 3.8%+1.2pp | 2.6%-0.9pp | 3.5%+2.6pp | 0.9%-1.9pp | 2.8%+0.9pp | 1.9%+3.0pp | -1.1%-14.3pp | 13.1% |
| Current Ratio | 8.39-0.7 | 9.12+0.1 | 9.00+4.5 | 4.48-6.5 | 10.95+6.0 | 4.98-3.3 | 8.26-4.0 | 12.28 |
| Debt-to-Equity | 0.10+0.0 | 0.09+0.0 | 0.08-0.1 | 0.14+0.1 | 0.06-0.1 | 0.12+0.0 | 0.08+0.0 | 0.06 |
| FCF Margin | 43.3%+9.8pp | 33.5%+11.0pp | 22.5%-11.6pp | 34.1%+4.4pp | 29.7%+5.5pp | 24.2%-3.5pp | 27.8%-8.5pp | 36.3% |
Similar Companies
Frequently Asked Questions
What is Red Violet Inc's annual revenue?
Red Violet Inc (RDVT) reported $75.2M in total revenue for fiscal year 2024. This represents a 24.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Red Violet Inc's revenue growing?
Red Violet Inc (RDVT) revenue grew by 24.9% year-over-year, from $60.2M to $75.2M in fiscal year 2024.
Is Red Violet Inc profitable?
Yes, Red Violet Inc (RDVT) reported a net income of $7.0M in fiscal year 2024, with a net profit margin of 9.3%.
What is Red Violet Inc's earnings per share (EPS)?
Red Violet Inc (RDVT) reported diluted earnings per share of $0.50 for fiscal year 2024. This represents a -47.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Red Violet Inc's EBITDA?
Red Violet Inc (RDVT) had EBITDA of $17.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Red Violet Inc's gross margin?
Red Violet Inc (RDVT) had a gross margin of 81.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Red Violet Inc's operating margin?
Red Violet Inc (RDVT) had an operating margin of 10.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Red Violet Inc's net profit margin?
Red Violet Inc (RDVT) had a net profit margin of 9.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Red Violet Inc pay dividends?
Yes, Red Violet Inc (RDVT) paid $0.30 per share in dividends during fiscal year 2024.
What is Red Violet Inc's return on equity (ROE)?
Red Violet Inc (RDVT) has a return on equity of 8.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Red Violet Inc's free cash flow?
Red Violet Inc (RDVT) generated $23.8M in free cash flow during fiscal year 2024. This represents a 59.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Red Violet Inc's operating cash flow?
Red Violet Inc (RDVT) generated $24.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Red Violet Inc's total assets?
Red Violet Inc (RDVT) had $98.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Red Violet Inc's capital expenditures?
Red Violet Inc (RDVT) invested $169K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Red Violet Inc buy back shares?
Yes, Red Violet Inc (RDVT) spent $5.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Red Violet Inc have outstanding?
Red Violet Inc (RDVT) had 14M shares outstanding as of fiscal year 2024.
What is Red Violet Inc's current ratio?
Red Violet Inc (RDVT) had a current ratio of 4.48 as of fiscal year 2024, which is generally considered healthy.
What is Red Violet Inc's debt-to-equity ratio?
Red Violet Inc (RDVT) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Red Violet Inc's return on assets (ROA)?
Red Violet Inc (RDVT) had a return on assets of 7.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Red Violet Inc's Altman Z-Score?
Red Violet Inc (RDVT) has an Altman Z-Score of 31.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Red Violet Inc's Piotroski F-Score?
Red Violet Inc (RDVT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Red Violet Inc's earnings high quality?
Red Violet Inc (RDVT) has an earnings quality ratio of 3.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Red Violet Inc cover its interest payments?
Red Violet Inc (RDVT) has an interest coverage ratio of 5.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Red Violet Inc?
Red Violet Inc (RDVT) scores 81 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.