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Identity-verification and risk-analytics data platform used by insurers, government and businesses to vet people.
Identity-verification and risk-analytics data platform used by insurers, government and businesses to vet people.
Sells access to its identity data and analytics as monthly or annual subscriptions and usage-based fees, rather than selling the data outright. FOREWARN, a safety tool for real-estate agents, is sold on a per-user basis, often through realtor associations. It was spun out of Cogint, now Fluent, in 2018.
Moat: narrow (data, scale). A large proprietary identity database is costly for smaller rivals to replicate.
Headquarters: Boca Raton, Florida, US · Founded: 2003 · Employees: 250
Size Red Violet (RDVT) is a United States Information Technology company (Packaged Software) with a market value of $1.12B, the 2176th largest of 3,117 United States companies the cockpit tracks. Shares closed at $70.10 on 6 Nov 2026.
Performance Over six months the shares gained 41.0%, against -10.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 20.2% over the last twelve months (peer median +10.4%); the operating margin is 17.9% (peer median 1.5%).
Valuation It trades at 40.3× forward earnings against a peer median of 24.1× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.3 points above its cost of capital (13.5% WACC).
Backlog Backlog (remaining performance obligations) was $23.9M at 30 Sep 2026, up 21% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $99.0M | $90.3M | $75.2M | $60.2M | $53.3M |
| Revenue growth | — | +20% | +25% | +13% | — |
| Gross profit | $72.8M | $64.9M | $51.6M | $38.8M | $34.4M |
| EBITDA | $28.8M | $23.8M | $17.5M | $10.9M | $7.58M |
| Net income | $16.4M | $13.2M | $7.00M | $13.5M | $616,000 |
| Free cash flow | $33.6M | $28.8M | $23.8M | $14.9M | $12.1M |
| Capital expenditure | $12.9M | $11.2M | $9.57M | $9.15M | $8.83M |
| Total debt | $2.65M | $2.79M | $2.00M | $2.57M | $1.29M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Red Violet RDVT | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% |
| TransUnion TRU | $15.5B | +13% | +13% | 15% | 15.9× | 20.3% |
| Thomson Reuters TRI.TO | $49.1B | +25% | +6% | 26% | 24.8× | 2.7% |
| Verisk Analytics VRSK | $26.6B | +19% | +5% | 45% | 24.3× | 5.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RDVT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | -5.2% | 5th lowest of 21 |
| 6-month return | +41.0% | -10.5% | 4th highest of 20 |
| Distance from 52-week high | -15.7% | -38.8% | 5th highest of 21 |
| Revenue growth (TTM) | +20.2% | +10.4% | 8th highest of 21 |
| Operating margin | 17.9% | 1.5% | 4th highest of 21 |
| Forward P/E | 40.3× | 24.1× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 39.4% | 4.1% | most demanding of 10 |
| Growth delivered (Del g) | +21.1% | +15.3% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | +18.3 pp | -15.9 pp | most demanding of 10 |
| ROIC minus cost of capital | +8.3 pp | -6.0 pp | 3rd highest of 20 |
| EV / EBITDA | 37.4× | 11.0× | 2nd most expensive of 7 |
| Net debt / EBITDA | -1.6× | 1.2× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Red Violet RDVT | United States | $1.12B | +41% | +20% | 18% | 40.3× | 39.4% | +21.1% |
| Riskified RSKD | United States | $1.13B | +78% | +10% | -4% | 27.3× | 12.6% | +15.3% |
| Hangzhou Diagens Biotechnology 2526.HK | Hong Kong | $1.13B | -68% | +134% | -49% | n/a | n/a | n/a |
| 74Software 74SW.PA | France | $1.11B | -5% | +11% | 14% | 13.3× | -1.7% | +18.9% |
| Shanghai Yaoji Technology 002605.SZ | China | $1.14B | -11% | -3% | 20% | 15.0× | 6.4% | +1.0% |
| Shenzhen Sunline Tech 300348.SZ | China | $1.10B | -22% | +19% | -1% | 84.3× | n/a | n/a |
| Tansun Technology 300872.SZ | China | $1.08B | -11% | -10% | -12% | 70.3× | n/a | n/a |
| Bingo Software 688227.SS | China | $1.08B | -56% | -7% | -11% | n/a | n/a | n/a |
| Blackbuck BLACKBUCK.NS | India | $1.08B | -1% | +50% | 14% | 52.8× | 34.8% | +54.8% |
| Merit Interactive 300766.SZ | China | $1.17B | -30% | +30% | -2% | n/a | n/a | n/a |
| Chinasoft International 0354.HK | Hong Kong | $1.18B | 0% | +3% | 2% | 12.4× | 17.8% | +3.1% |
| BigBear.ai BBAI | United States | $1.07B | -47% | -1% | -66% | n/a | n/a | n/a |
| ICkey (Shanghai) Internet & Technology 301563.SZ | China | $1.19B | -26% | +26% | 4% | n/a | n/a | n/a |
| Beijing Zhongke WengeAI Science and Technology 1956.HK | Hong Kong | $1.19B | n/a | +28% | -54% | n/a | n/a | n/a |
| Bravura Solutions BVS.AX | Australia | $1.06B | +50% | -10% | 25% | 24.3× | 4.1% | +3.1% |
| PATEO CONNECT Technology (Shanghai) 2889.HK | Hong Kong | $1.05B | -65% | +72% | -24% | n/a | n/a | n/a |
| Sichuan Xun You Network Technology 300467.SZ | China | $1.05B | -22% | +2% | 1% | n/a | n/a | n/a |
| Suzhou MedicalSystem Technology 603990.SS | China | $1.04B | +44% | -15% | 5% | 95.1× | n/a | n/a |
| Modern Times Group MTG MTG-A.ST | Sweden | $1.22B | +16% | +42% | 11% | 6.6× | -8.4% | +23.7% |
| Vitec Software VIT-B.ST | Sweden | $1.22B | +18% | +6% | 21% | 24.0× | 3.8% | +22.6% |
| InnovAge INNV | United States | $1.22B | +18% | +15% | 8% | 19.8× | -6.7% | +9.2% |
Red Violet reported $23.9M of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 0% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.