Red Violet Reports Record Q3 2026 Revenue and Strong Profitability Growth
Red Violet (RDVT) delivered record-breaking third quarter results for fiscal year 2026, highlighted by a 20% year-over-year revenue increase to $27.8 million. The company's trailing 12-month revenue surpassed the $100 million milestone for the first time, driven by strong demand in its investigative and collections verticals. Profitability also saw significant gains, with adjusted EBITDA rising 22% to $11 million and adjusted net income increasing 23%. The company's financial position remains robust following a successful public offering that generated approximately $109 million in net proceeds. While the real estate vertical experienced a high single-digit decline due to housing market softness, growth in law enforcement and private investigative sectors helped offset these headwinds. Red Violet maintains a strong balance sheet with zero debt and $165.7 million in cash and treasury securities.
Tickers: $RDVT