Quarterly ResultMay 6, 2026, 05:01 PM
Red Violet Q1 Revenue +17.4% to $25.83M; Net Income +27.6% to $4.39M
AI Summary
Red Violet, Inc. reported strong financial results for the first quarter of 2026, with revenue increasing by 17.4% to $25.83 million and net income rising by 27.6% to $4.39 million compared to the prior year. Diluted earnings per share grew by 25% to $0.30. The company also repurchased 63,500 shares of common stock for $2.70 million under its stock repurchase program. Additionally, Red Violet disclosed a legal proceeding under "Daniel's Law" but anticipates insurance to cover related costs and liabilities.
Key Highlights
- Revenue increased 17.4% to $25.83 million for Q1 2026.
- Net income rose 27.6% to $4.39 million for Q1 2026.
- Diluted EPS grew 25% to $0.30 for Q1 2026.
- Income from operations increased 29.3% to $5.44 million for Q1 2026.
- Repurchased 63,500 shares of common stock for $2.70 million in Q1 2026.
- Net cash provided by operating activities was $6.59 million in Q1 2026.
- Total capital commitments were $39.81 million as of March 31, 2026.
- Granted 832,690 performance-based RSUs to executives in January 2026.