Red Violet Inc (NAS:RDVT)

Q3 2025 Red Violet Inc Earnings Call Transcript

Nov 5, 2025 / 09:30 PM GMT

Release Date Price: $54.53 (+4.50%)

Transcript 10-Q8-K

Key Points

Positve

Red Violet Inc (RDVT) reported record-breaking financial results for Q3 2025, with revenue reaching $23.1 million, up 21% from the previous year.
The company achieved a record adjusted gross profit of $19.4 million, resulting in a record adjusted gross margin of 84%.
Adjusted EBITDA for the quarter was a record $9 million, with a margin of 39%, indicating strong operational efficiency.
Red Violet Inc (RDVT) added over 300 new customers to its IDI platform, ending the quarter with over 9,800 customers.
The company announced a $15 million increase to its share repurchase program, reflecting confidence in its financial health and future prospects.

Negative

The real estate vertical, excluding Forewarn, experienced a slight year-over-year decline due to high home prices and interest rates affecting housing activity.
Contractual revenue accounted for 75% of total revenue, down 2 percentage points from the prior year, indicating a slight shift in revenue composition.
Sales and marketing expenses increased by 12% to $5.4 million, driven by higher personnel-related expenses, which could impact profitability if not managed.
General and administrative expenses rose by 13% to $6.8 million, reflecting higher personnel-related costs, which may affect future margins.
The company noted a seasonal slowdown expected in Q4 due to fewer business days in November and December, which could impact sequential growth.

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

RDVT.OQ - Red Violet Inc
Q3 2025 Red Violet Inc Earnings Call
Nov 05, 2025 / 09:30PM 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 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and introductions 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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