Quarterly ResultAug 11, 2026, 05:32 PM
Red Violet Raises $109M in Offering; Q2 Revenue $26.7M (+23%)
AI Summary
Red Violet, Inc. announced strong second quarter 2026 financial results, highlighted by a successful public offering that raised $109.0 million in net proceeds for working capital, general corporate purposes, and potential strategic acquisitions. The company reported record Q2 revenue of $26.7 million, a 23% increase year-over-year, and adjusted EBITDA grew 48% to $11.2 million, achieving a 42% margin. Net income surged 85% to $5.0 million, with diluted earnings per share of $0.34. Business growth included a record 447 new IDI customers and the expansion of its FOREWARN safety solution into the home healthcare market.
Key Highlights
- Net proceeds of $109.0 million from public offering for strategic acquisitions.
- Q2 2026 total revenue increased 23% to $26.7 million.
- Adjusted EBITDA rose 48% to $11.2 million, with a 42% margin.
- Net income increased 85% to $5.0 million; diluted EPS $0.34.
- Record 447 new IDI customers, reaching 10,869 total.
- FOREWARN expanded its safety solution into the home healthcare market.
- Net cash from operating activities increased 42% to $10.6 million.
- Purchased 74,500 shares YTD at $41.87 average; $15.5M remaining.
Price Impact
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