Brief: Red Violet Q2 Revenue USD 21.8 Million

Red Violet

06/08/2025 21:05

Overview

Red Violet Q2 revenue rises 14% to $21.8 mln, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 increases 12% to $7.6 mln, exceeding estimates

Co added 308 IDI customers and 21,335 FOREWARN users in Q2

Outlook

Red Violet confident in ability to drive continued revenue growth

Result Drivers

CUSTOMER ONBOARDING - Strong customer onboarding contributed to revenue growth, per CEO Derek Dubner

BROAD-BASED DEMAND - Volume expansion across existing customer base drove results

HIGHER-TIER CUSTOMERS - Accelerated pace of winning higher-tier customers increased total customer spend

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$21.80 mln
$21.40 mln (1 Analyst)
Q2 Adjusted EBITDA
Beat
$7.60 mln
$7.09 mln (1 Analyst)
Q2 Gross Margin
72.0%
Q2 Adjusted Gross Margin
84.0%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Red Violet Inc is $56.00, about 21.4% above its August 5 closing price of $44.01

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nGNX9LTYtl

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)