Red Violet Q1 revenue rises 17% to record high on new customer onboarding

Red Violet

06/05/2026 21:49

Overview

US analytics solutions provider's Q1 revenue rose 17% yr/yr to record high

EPS for Q1 rose to $0.30, adjusted EBITDA up 27% yr/yr

Company repurchased 73,250 shares year to date through April 30, 2026

Outlook

Red Violet says it is confident in significant opportunity ahead for its AI-embedded platform

Company sees ongoing demand for its cloud-native, AI-embedded platform in regulated environments

Red Violet continues to invest in product development and go-to-market capabilities

Result Drivers

NEW CUSTOMER ONBOARDING - Co said Q1 saw one of its strongest quarters for new customer onboarding, contributing to record revenue and profitability

AI-EMBEDDED PLATFORM DEMAND - Co attributed results to continued demand for its cloud-native, AI-embedded platform and differentiated identity graph, especially for AI-driven decisioning in regulated environments

PRODUCT AND GO-TO-MARKET INVESTMENT - Ongoing investment in product roadmap and go-to-market capabilities supported growth, per CEO Derek Dubner

Company press release: ID:nGNX6jWHmW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$25.80 mln
$24.63 mln (2 Analysts)
Q1 EPS
$0.30
Q1 Adjusted EBITDA
$10.70 mln
Q1 Gross Margin
75.00%
Q1 Adjusted Gross Margin
85.00%


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 $63.50, about 57.1% above its May 5 closing price of $40.42

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 36 three months ago

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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.)