Red Violet Inc (FRA:2KH)

Q2 2026 Red Violet Inc Earnings Call Transcript

Aug 10, 2026 / 08:30 PM GMT

Release Date Price: €54 (-4.42%)

Transcript 8-K10-Q8-K

Key Points

Positve

Record Q2 2026 results with revenue up 23% to $26.7 million, adjusted gross margin at 86%, adjusted EBITDA up 48% to $11.2 million, and adjusted net income up 58% to $7.2 million.
Highest quarterly customer additions in history with 447 new IDI customers, ending at 10,869, indicating accelerating market recognition.
Forewarn expansion into home healthcare, a substantial market with 4 million aides and 12,000 agencies, leveraging a proven playbook from real estate.
Strong balance sheet with $109 million raised in a public offering, providing capital for strategic acquisitions and organic growth initiatives.
Broad-based growth across verticals, with four of five verticals hitting record revenue, and strong performance in investigative, collections, and background screening.

Negative

IDI real estate vertical declined modestly due to ongoing industry headwinds from limited inventory, elevated interest rates, and high home prices.
Gross revenue retention decreased 2 percentage points to 95%.
Federal public sector sales cycles are slower than expected, with conversions taking longer due to procurement and budgeting processes.
General and administrative expenses increased 14% due to higher personnel costs, which could pressure margins if not offset by revenue growth.
The company faces competition from larger incumbents, though it believes its differentiated platform provides an advantage.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RDVT.OQ - Red Violet Inc
Q2 2026 Red Violet Inc Earnings Call
Aug 10, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to Red Violet's second quarter 2026 earnings conference call.

At this time, all participants are on the listen-only mode.

Later, we will conduct a question-and-answer session and instructions will follow at that time.

As a reminder, this call is being recorded.

I would now like to introduce your host for today's conference, Camilo Ramirez, Senior Vice President, Finance and Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Good afternoon and welcome.

Thank you for

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