Red Violet delivered a record-breaking third quarter in 2025, achieving highs across all key financial metrics with robust growth in customer acquisition and revenue.
- Revenue reached $23.1 million, a 21% increase year-over-year, supported by a diverse customer base.
- Adjusted gross profit and margin hit records at $19.4 million and 84%, respectively, demonstrating strong operational efficiency.
- Adjusted EBITDA and net income were also at all-time highs, at $9 million and $5.8 million, translating to adjusted earnings of $0.39 per share.
- Over 300 new customers were added to IDI, bringing the total to more than 9,800, while FOREWARN gained over 25,000 new users.
- A $15 million increase in the share repurchase program underlines the company's strong cash flow generation and capital allocation strategy.
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