Identity analytics platform Red Violet's Q3 revenue beats estimates

Red Violet

05/11/2025 21:47

Overview

Red Violet Q3 revenue increased 21% to $23.1 mln, beating analyst expectations

Net income for Q3 rose 145% to $4.2 mln, reflecting strong financial performance

Company increased share repurchase program by $15 mln, indicating financial confidence

Outlook

Company did not provide specific future financial guidance

Result Drivers

SOLUTION ADOPTION - Accelerating adoption of analytics solutions across industries drove revenue growth

CUSTOMER EXPANSION - Added 304 customers to IDI and 25,538 users to FOREWARN, boosting customer base

PRODUCT INNOVATION - Continued investment in product innovation and AI initiatives supports market leadership

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$23.10 mln
$22.64 mln (2 Analysts)
Q3 Adjusted EBITDA
$9 mln
Q3 Gross Margin
73.00%
Q3 Adjusted Gross Margin
84.00%


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 $61.00, about 14.5% above its November 4 closing price of $52.18

The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nGNX89xz1l

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(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.)