10-K - Red Violet, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Red Violet, Inc. reported strong financial performance for fiscal year 2025, with revenue increasing 20.1% year-over-year to $90.3 million from $75.2 million in 2024. Net income grew significantly to $13.2 million, up 87.8% from $7.0 million in the prior year, driven by operational efficiency and revenue growth. The company generated robust operating cash flow of $29.3 million, representing a 22.5% increase from $24.0 million in 2024. Key business metrics showed positive momentum, with IDI billable customers growing to 10,022 from 8,926 and FOREWARN users expanding to 390,018 from 303,418. The company maintained a strong balance sheet with $43.6 million in cash and cash equivalents and total shareholders' equity of $100.9 million. Looking forward, Red Violet has $23.8 million of revenue expected to be recognized from unsatisfied performance obligations, with $12.7 million anticipated in 2026.

Key Takeaways

1Revenue grew 20.1% to $90.3M, driven by increased customer adoption across both IDI and FOREWARN platforms.

2Net income increased 87.8% to $13.2M, with operating margin expanding to 14.6% from 10.5%.

3Operating cash flow reached $29.3M, up 22.5% year-over-year, supporting continued investment in growth.

4IDI billable customers grew to 10,022 from 8,926, while FOREWARN users expanded to 390,018 from 303,418.

5The company has $23.8M in future revenue from unsatisfied performance obligations, with $12.7M expected in 2026.

Key Financial Metrics

EPS

$0.94

$0.51 prior year

Revenue

$90.3M

+20.1%

Net Income

$13.2M

+87.8%

Gross Margin

83.7%

81.4% prior year

Gross Profit

$75.6M

+21.5%

free cash flow

$18.1M

Operating Income

$13.1M

+65.9%

operating margin

14.6%