Red Violet Inc Financials
Red Violet Inc (RDVT) reported $90.3M in revenue for fiscal year 2025, up 20.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
An asset-light operating model is turning high gross margins into cash materially faster than accounting earnings suggest.
From FY2023 to FY2025, gross margin expanded from78.3% to83.7% , so each added revenue dollar carried more contribution before overhead. Because operating cash flow reached$29.3M while capex was just$563K , that richer margin profile translated into free cash instead of being absorbed by asset needs.
The balance-sheet posture is unusually conservative for a growing company: cash of
In FY2025, cash conversion was stronger than earnings: net income was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Red Violet Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Red Violet Inc has an operating margin of 14.6%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is up from 10.5% the prior year.
Red Violet Inc's revenue surged 20.0% year-over-year to $90.3M, reflecting rapid business expansion. This strong growth earns a score of 84/100.
Red Violet Inc carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.18, Red Violet Inc holds $7.18 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.
Red Violet Inc converts 31.9% of revenue into free cash flow ($28.8M). This strong cash generation earns a score of 95/100.
Red Violet Inc's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 56/100. This is up from 8.1% the prior year.
Red Violet Inc scores 63.68, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.1B) relative to total liabilities ($11.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Red Violet Inc passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Red Violet Inc generates $2.23 in operating cash flow ($29.3M OCF vs $13.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Red Violet Inc earns $9.25 in operating income for every $1 of interest expense ($13.1M vs $1.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Red Violet Inc generated $90.3M in revenue in fiscal year 2025. This represents an increase of 20.0% from the prior year.
Red Violet Inc's EBITDA was $23.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.2% from the prior year.
Red Violet Inc reported $13.2M in net income in fiscal year 2025. This represents an increase of 87.8% from the prior year.
Red Violet Inc earned $0.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 82.0% from the prior year.
Cash & Balance Sheet
Red Violet Inc generated $28.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 21.0% from the prior year.
Red Violet Inc held $43.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Red Violet Inc's gross margin was 83.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.4 percentage points from the prior year.
Red Violet Inc's operating margin was 14.6% in fiscal year 2025, reflecting core business profitability. This is up 4.0 percentage points from the prior year.
Red Violet Inc's net profit margin was 14.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.
Red Violet Inc's ROE was 13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.0 percentage points from the prior year.
Capital Allocation
Red Violet Inc spent $915K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 84.4% from the prior year.
Red Violet Inc invested $563K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 233.1% from the prior year.
Not reported for fiscal year 2025.
RDVT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.0M | $90.3M+20.0% | $75.2M+24.9% | $60.2M+12.9% | $53.3M+21.1% | $44.0M+27.3% | $34.6M+14.2% | $30.3M+85.8% | $16.3M+90.0% | $8.6M |
| Cost of Revenue | $15.2M | $14.7M+4.8% | $14.0M+7.1% | $13.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $83.9M | $75.6M+23.5% | $61.2M+29.8% | $47.1M | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $32.8M | $30.0M+16.0% | $25.9M+15.3% | $22.4M-3.4% | $23.2M+17.3% | $19.8M+11.1% | $17.8M-5.3% | $18.8M+124.0% | $8.4M-51.9% | $17.5M |
| Operating Income | $17.7M | $13.1M+65.9% | $7.9M+216.3% | $2.5M+593.6% | $361K+127.5% | -$1.3M+80.7% | -$6.8M+39.1% | -$11.2M-49.7% | -$7.5M+65.2% | -$21.5M |
| Interest Expense | N/A | $1.4M+1.4% | $1.4M+4.9% | $1.3M | $0-100.0% | $11K-8.3% | $12K | N/A | N/A | N/A |
| Income Tax | $2.9M | $1.4M-39.4% | $2.3M+123.9% | -$9.7M-10194.8% | $96K-51.5% | $198K | $0 | N/A | N/A | N/A |
| Net Income | $16.4M | $13.2M+87.8% | $7.0M-48.2% | $13.5M+2096.3% | $616K-6.0% | $655K+109.6% | -$6.8M+38.5% | -$11.1M-61.3% | -$6.9M+68.1% | -$21.5M |
| EPS (Diluted) | — | $0.91+82.0% | $0.50-47.9% | $0.96+2300.0% | $0.04-20.0% | $0.05+108.8% | -$0.57 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RDVT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.0M+13.7% | $98.5M+6.0% | $93.0M+20.1% | $77.4M+4.1% | $74.4M+43.0% | $52.0M+6.4% | $48.9M+22.7% | $39.8M+58.5% | $25.1M |
| Current Assets | $56.5M+22.4% | $46.2M+14.7% | $40.3M+5.7% | $38.1M-1.2% | $38.6M+130.6% | $16.7M+4.4% | $16.0M+22.0% | $13.1M+478.2% | $2.3M |
| Cash & Equivalents | $43.6M+19.3% | $36.5M+14.0% | $32.0M+0.7% | $31.8M-7.1% | $34.3M+164.4% | $13.0M+10.0% | $11.8M+18.4% | $9.9M+15207.7% | $65K |
| Accounts Receivable | $10.7M+32.7% | $8.1M+13.0% | $7.1M+28.9% | $5.5M+48.2% | $3.7M+16.7% | $3.2M-9.7% | $3.5M+56.4% | $2.3M+37.3% | $1.6M |
| Goodwill | $5.2M0.0% | $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 | $11.1M-6.8% | $11.9M+73.0% | $6.9M+8.8% | $6.3M+27.8% | $4.9M-42.8% | $8.6M+27.4% | $6.8M+91.2% | $3.5M-52.0% | $7.4M |
| Current Liabilities | $7.9M-23.6% | $10.3M+111.3% | $4.9M-10.2% | $5.4M+57.2% | $3.5M-31.4% | $5.0M+16.4% | $4.3M+21.9% | $3.5M-52.0% | $7.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0-100.0% | $1.7M | $0 | N/A | N/A |
| Total Equity | $100.9M+16.5% | $86.6M+0.6% | $86.1M+21.1% | $71.1M+2.4% | $69.4M+60.2% | $43.3M+3.0% | $42.1M+16.0% | $36.3M+104.5% | $17.7M |
| Retained Earnings | $12.3M+1512.0% | -$870K+88.9% | -$7.9M+63.2% | -$21.4M+2.8% | -$22.0M+2.9% | -$22.7M-43.0% | -$15.9M-231.5% | -$4.8M | N/A |
Not reported in any period shown, so not listed: Inventory.
RDVT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $34.1M | $29.3M+22.5% | $24.0M+59.0% | $15.1M+21.0% | $12.5M+39.2% | $8.9M+37.3% | $6.5M+295.8% | $1.6M+120.5% | -$8.1M+22.6% | -$10.4M |
| Capital Expenditures | $479K | $563K+233.1% | $169K+38.5% | $122K-67.3% | $373K+33.2% | $280K+81.8% | $154K+71.1% | $90K0.0% | $90K-82.5% | $515K |
| Free Cash Flow | $33.6M | $28.8M+21.0% | $23.8M+59.1% | $14.9M+23.7% | $12.1M+39.4% | $8.7M+36.2% | $6.4M+308.8% | $1.6M+119.1% | -$8.1M+25.5% | -$10.9M |
| Investing Cash Flow | -$12.9M | -$11.2M-16.6% | -$9.6M-4.6% | -$9.1M-3.6% | -$8.8M-68.4% | -$5.2M+7.4% | -$5.7M+5.7% | -$6.0M0.0% | -$6.0M+7.2% | -$6.5M |
| Financing Cash Flow | -$10.1M | -$11.1M-12.3% | -$9.9M-74.0% | -$5.7M+6.2% | -$6.1M-134.5% | $17.6M+5331.2% | $324K-94.8% | $6.2M-74.2% | $23.9M+43.2% | $16.7M |
| Share Buybacks | $4.0M | $915K-84.4% | $5.9M+57.7% | $3.7M+322.7% | $878K | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RDVT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.7%+2.4pp | 81.4%+3.1pp | 78.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 14.6%+4.0pp | 10.5%+6.4pp | 4.2%+3.5pp | 0.7%+3.7pp | -3.0%+16.8pp | -19.8%+17.3pp | -37.0%+8.9pp | -46.0% | -250.6% |
| Net Margin | 14.6%+5.3pp | 9.3%-13.2pp | 22.5%+21.3pp | 1.2%-0.3pp | 1.5%+21.2pp | -19.7%+16.9pp | -36.6%+5.6pp | -42.1% | -250.6% |
| Return on Equity | 13.0%+5.0pp | 8.1%-7.6pp | 15.7%+14.8pp | 0.9%-0.1pp | 0.9%+16.7pp | -15.7%+10.6pp | -26.3%-7.4pp | -18.9%+102.3pp | -121.2% |
| Return on Assets | 11.7%+4.6pp | 7.1%-7.4pp | 14.5%+13.7pp | 0.8%-0.1pp | 0.9%+14.0pp | -13.1%+9.6pp | -22.7%-5.4pp | -17.2%+68.3pp | -85.6% |
| Current Ratio | 7.18+2.7x | 4.48-3.8x | 8.26+1.2x | 7.01-4.1x | 11.16+7.8x | 3.32-0.4x | 3.710.0x | 3.71+3.4x | 0.31 |
| Debt-to-Equity | 0.110.0x | 0.14+0.1x | 0.080.0x | 0.09+0.1x | 0.000.0x | 0.040.0x | 0.00-0.1x | 0.10-0.3x | 0.42 |
| FCF Margin | 31.9%+0.3pp | 31.6%+6.8pp | 24.8%+2.2pp | 22.7%+3.0pp | 19.7%+1.3pp | 18.4%+13.3pp | 5.1%+55.1pp | -50.0% | -127.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Red Violet Inc Ranks
Frequently Asked Questions
What is Red Violet Inc's annual revenue?
Red Violet Inc (RDVT) reported $90.3M in total revenue for fiscal year 2025. This represents a 20.0% 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 20.0% year-over-year, from $75.2M to $90.3M in fiscal year 2025.
Is Red Violet Inc profitable?
Yes, Red Violet Inc (RDVT) reported a net income of $13.2M in fiscal year 2025, with a net profit margin of 14.6%.
What is Red Violet Inc's EBITDA?
Red Violet Inc (RDVT) had EBITDA of $23.8M in fiscal year 2025, 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 83.7% in fiscal year 2025, 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 14.6% in fiscal year 2025, 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 14.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Red Violet Inc's return on equity (ROE)?
Red Violet Inc (RDVT) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Red Violet Inc's free cash flow?
Red Violet Inc (RDVT) generated $28.8M in free cash flow during fiscal year 2025. This represents a 21.0% 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 $29.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Red Violet Inc's total assets?
Red Violet Inc (RDVT) had $112.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Red Violet Inc's capital expenditures?
Red Violet Inc (RDVT) invested $563K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Red Violet Inc's current ratio?
Red Violet Inc (RDVT) had a current ratio of 7.18 as of fiscal year 2025, 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 0.11 as of fiscal year 2025, 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 11.7% for fiscal year 2025, 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 63.68, 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 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.23x, 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 9.25x, 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 78 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.