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Red Violet Inc (RDVT)
NASDAQ:RDVT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 6.84%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Red Violet reported a strong set of results for 2024 with record revenue and growth across all key financial metrics. The company successfully expanded its customer base and maintained momentum across diverse verticals, resulting in a positive outlook for 2025. Despite increased operating expenses, the financial performance was notably strong, leading to a positive overall sentiment.Company Guidance
During the fourth quarter and full year 2024 earnings call, Red Violet highlighted impressive financial performance with several key metrics. The company achieved a record $19.6 million in revenue for the fourth quarter, marking a 30% year-over-year increase, and a total annual revenue of $75.2 million with a 25% increase. The adjusted gross profit reached $16.1 million for the quarter, reflecting an 82% margin, while the adjusted EBITDA rose by 68% to $4.5 million with a 23% margin. The annual adjusted EBITDA margin stood at 31%. Additionally, adjusted net income for the quarter surged 390% to $1.3 million, equating to adjusted earnings of $0.09 per diluted share. The company experienced strong customer growth, with the IDI billable customer base increasing by 183 to 8,926, and FOREWARN adding over 18,000 users, totaling 303,418. Red Violet also reported generating $14.4 million in free cash flow for the year, a significant increase from $5.9 million in 2023. Cash reserves were robust at $36.5 million as of December 31, 2024. The company emphasized its strategic focus on customer-centricity, expanding its cloud-native platform, enriching data assets, and leveraging AI for automation and innovation to sustain growth into 2025 and beyond.Record Revenue Growth
Red Violet achieved record revenue growth in 2024 with 25% yearly increase, driven by 30% growth in the fourth quarter alone, marking new records for each quarter of the year.
Strong Adjusted EBITDA and Margin
Adjusted EBITDA for the fourth quarter increased by 68% to $4.5 million, with an adjusted EBITDA margin of 23%. For the full year, adjusted EBITDA was $23.6 million with a 31% margin.
Significant Customer Base Expansion
IDI's customer base grew to 8,926 customers and FOREWARN added over 18,000 users, ending the year with 303,418 users and over 525 realtor associations contracted.
Improved Financial Metrics
Adjusted net income increased 390% to $1.3 million in Q4 with adjusted earnings of $0.09 per diluted share. Free cash flow grew 143% to $14.4 million in 2024.
Diversified Vertical Growth
Growth across all verticals, including double-digit revenue growth in financial, corporate risk, investigative, and collections verticals. FOREWARN achieved its 19th consecutive quarter of sequential growth.
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RDVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $38.02 | $40.62 | +6.84% |
| Nov 06, 2024 | $32.67 | $34.51 | +5.63% |
| Aug 07, 2024 | $24.19 | $27.77 | +14.80% |
| May 08, 2024 | $17.88 | $20.53 | +14.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Red Violet Inc (RDVT) report earnings?
Red Violet Inc (RDVT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Red Violet Inc (RDVT) earnings time?
Red Violet Inc (RDVT) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDVT EPS forecast?
RDVT EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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