FOREWARN to Provide Identity Verification Services to Hawaii REALTORS® to Promote Agent Safety
Rhea-AI Summary
red violet (NASDAQ: RDVT), through its subsidiary FOREWARN, announced that Hawaii REALTORS will provide FOREWARN identity verification services to its 10,000+ members statewide. The tool helps agents verify identity, check criminal histories, and validate client information via phone number to enhance safety and fraud prevention, at no additional cost to individual agents.
AI-generated analysis. Not financial advice.
Positive
- FOREWARN contracted to serve 10,000+ Hawaii REALTORS members statewide
- HAR members receive FOREWARN access at no additional cost to individual agents
Negative
- None.
Market Reaction – RDVT
Following this news, RDVT has gained 6.28%, reflecting a notable positive market reaction. Our momentum scanner has triggered 16 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $58.23. This price movement has added approximately $49M to the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
Market Reality Check
Peers on Argus
RDVT showed a positive pre-news setup (+4.9% 24h change) while momentum-flagged peers VTEX and DOMO were both down (median move about -3.7%), indicating RDVT’s strength diverged from weaker application software peers.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 06 | Q1 2026 earnings | Positive | +12.6% | Strong Q1 revenue, margin expansion, and higher net income versus prior year. |
| May 05 | Investor conference | Neutral | +0.6% | Announcement of participation in B. Riley investor conference and meetings. |
| Apr 30 | Investor conference | Neutral | -0.9% | Needham technology and media conference appearance with virtual investor meetings. |
| Apr 22 | Earnings date notice | Neutral | +1.2% | Scheduling of Q1 2026 earnings release and webcast details for investors. |
| Mar 26 | FOREWARN partnership | Positive | -2.1% | Las Vegas REALTORS® providing FOREWARN services to 16,000+ members at no cost. |
Earnings and conference updates generally saw modest positive or mixed reactions, while a prior FOREWARN distribution agreement in Las Vegas drew a negative move, showing inconsistent trading responses to commercial partnership news.
Over the last six months, RDVT reported strong financial results and steadily expanded its identity-intelligence footprint. Q1 2026 revenue reached $25.8M with notable margin strength, and management highlighted growth in both IDI customers and FOREWARN users. Investor conferences in April and May produced only modest stock moves. A March FOREWARN deal with Las Vegas REALTORS® for 16,000+ members saw a -2.08% reaction, providing a direct commercial precedent for today’s Hawaii REALTORS® agreement.
Regulatory & Risk Context
An effective Form S-3 shelf dated Nov 19, 2025 allows RDVT to issue up to $150,000,000 of mixed securities over time. One 424B5 prospectus supplement was filed on Nov 26, 2025, indicating at least some usage of this capacity for general corporate purposes.
Market Pulse Summary
This announcement extends FOREWARN’s identity-verification services to 10,000+ Hawaii REALTORS® members at no additional cost, echoing prior real estate association partnerships and supporting user growth for RDVT’s platform. Recent filings show strong revenue and margin performance, alongside an effective $150,000,000 mixed-shelf program with at least one 424B5 usage. Investors evaluating this news may focus on how additional deployments translate into revenue, user metrics, and any future capital-raising activity.
Key Terms
identity verification technical
AI-generated analysis. Not financial advice.
Hawaii REALTORS® contracts to make FOREWARN services available for its 10,000+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., May 29, 2026 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ: RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Hawaii REALTORS® (HAR) will offer FOREWARN® services to its 10,000+ members throughout the State of Hawaii to promote proactive real estate agent safety.
Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.
The FOREWARN services offered by HAR are available to its members at no additional cost to individual agents.
“Real estate professionals face a variety of unknown risks in the course of their business, and we believe it is essential to equip our members with the best tools available,” stated Nancy Donahue Jones, CEO of Hawaii REALTORS®. “By providing FOREWARN, we are helping agents make more informed decisions through real-time identity verification and risk insights. This valuable resource enhances personal safety, strengthens fraud prevention efforts, and reinforces our commitment to supporting our members’ success. We want to especially thank our partner organizations, Honolulu Board of REALTORS®, REALTORS® Association of Maui, West Hawai’i Association of REALTORS®, Hawai’i Island REALTORS®, and Kaua’i Board of REALTORS®, for their support in helping to make this benefit available.”
Existing HAR members will receive specific instructions on how to activate their FOREWARN subscription as an included benefit.
All other real estate agencies, agents, and appraisers can learn more about FOREWARN at www.forewarn.com.
About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
RELATED LINKS: www.forewarn.com
About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our cloud-native, AI-embedded identity intelligence platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, enhance safety, and mitigate fraud and the related financial losses borne by society. For more information, please visit www.redviolet.com.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address critical safety and security areas for Hawaii REALTORS® members and whether FOREWARN will help Hawaii REALTORS® members make more informed decisions through real-time identity verification and risk insights. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com
