Quarterly ResultAug 10, 2026, 04:58 PM
Red Violet Q2 Revenue $26.7M, Net Income $4.96M; EPS $0.35
AI Summary
Red Violet, Inc. reported strong financial results for the second quarter and first half of 2026, demonstrating significant year-over-year growth in revenue, net income, and diluted earnings per share. The company also increased its cash and cash equivalents and continued its stock repurchase program, repurchasing 74,500 shares of common stock.
Key Highlights
- Q2 2026 Revenue increased to $26.718 million from $21.774 million in Q2 2025.
- Q2 2026 Net Income rose to $4.960 million from $2.686 million in Q2 2025.
- Q2 2026 Diluted EPS was $0.34, up from $0.18 in Q2 2025.
- Six months ended June 30, 2026, Revenue was $52.548 million, up from $43.777 million in 2025.
- Six months ended June 30, 2026, Net Income was $9.348 million, up from $6.126 million in 2025.
- Cash and cash equivalents increased to $49.972 million as of June 30, 2026, from $43.557 million at December 31, 2025.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $17.222 million.
- Repurchased 74,500 shares of common stock for $3.122 million under the Stock Repurchase Program during H1 2026.
Price Impact
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