Red Violet, Inc. (RDVT) 10-Year Financial Performance & Capital Metrics

RDVT • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

AboutRed Violet, Inc., a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. It offers idiCORE, an investigative solution used to address various organizational challenges, which include due diligence, risk mitigation, identity authentication, and regulatory compliance; and FOREWARN, an app-based solution that provides instant knowledge before face-to-face engagement with a consumer, as well as helps professionals to identify and mitigate risk. The company serves financial services, insurance, healthcare, retail, and telecommunication companies; law enforcement and government agencies; and collections, corporate security, and investigative firms, as well as solutions used for purposes, such as risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. It markets its products and services through value-added distributors, resellers, and strategic partners; and trade shows and seminars, advertising, public relations, distribution of sales literature, and product specifications and ongoing communication with prospective customers, distributors, resellers, strategic partners, and installed base of current customers, as well as through direct sales. Red Violet, Inc. was incorporated in 2017 and is headquartered in Boca Raton, Florida.Show more

Revenue $75M +24.9%
EBITDA $17M +61.0%
Net Income $7M -48.2%
EPS (Diluted) 0.50 -47.9%
Gross Margin 81.38% +3.9%
EBITDA Margin 23.25% +28.9%
Operating Margin 10.53% +153.3%
Net Margin 9.31% -58.6%
ROE 8.11% -52.9%
ROIC 10.92% +182.7%
Debt/Equity 0.02 -22.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 31.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 19.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y34.08%

5Y19.95%

3Y19.53%

TTM22.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y120.3%

TTM120.95%

EPS CAGR

10Y-

5Y-

3Y117.05%

TTM-22.97%

ROCE

10Y Avg-36.09%

5Y Avg-0.91%

3Y Avg4.21%

Latest8.98%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4M	4.58M	8.58M	16.3M	30.29M	34.59M	44.02M	53.32M	60.2M	75.19M
Revenue Growth %	0%	0.15%	0.87%	0.9%	0.86%	0.14%	0.27%	0.21%	0.13%	0.25%
Cost of Goods Sold+	2.56M	4.31M	7.07M	8.64M	12.26M	11.28M	11.2M	12.21M	13.07M	14M
COGS % of Revenue	0.64%	0.94%	0.82%	0.53%	0.4%	0.33%	0.25%	0.23%	0.22%	0.19%
Gross Profit+	1.45M	279K	1.51M	7.66M	18.03M	23.31M	32.83M	41.11M	47.13M	61.19M
Gross Margin %	0.36%	0.06%	0.18%	0.47%	0.6%	0.67%	0.75%	0.77%	0.78%	0.81%
Gross Profit Growth %	0.17%	-0.81%	4.42%	4.07%	1.35%	0.29%	0.41%	0.25%	0.15%	0.3%
Operating Expenses+	11.95M	13.13M	23.01M	15.15M	29.24M	30.14M	34.14M	40.75M	44.63M	53.27M
OpEx % of Revenue	2.98%	2.86%	2.68%	0.93%	0.97%	0.87%	0.78%	0.76%	0.74%	0.71%
Selling, General & Admin	10.25M	12.52M	21.87M	13.16M	26.35M	25.93M	28.74M	34.07M	36.28M	43.71M
SG&A % of Revenue	2.56%	2.73%	2.55%	0.81%	0.87%	0.75%	0.65%	0.64%	0.6%	0.58%
Research & Development	0	0	866K	1.73M	0	0	0	0	8.12M	9.35M
R&D % of Revenue	-	-	0.1%	0.11%	-	-	-	-	0.13%	0.12%
Other Operating Expenses	0	607K	1.14M	539K	2.89M	4.22M	5.4M	6.67M	233K	213K
Operating Income+	-9.02M	-12.85M	-21.5M	-7.49M	-11.21M	-6.83M	-1.31M	361K	2.5M	7.92M
Operating Margin %	-2.25%	-2.8%	-2.51%	-0.46%	-0.37%	-0.2%	-0.03%	0.01%	0.04%	0.11%
Operating Income Growth %	0.14%	-0.42%	-0.67%	0.65%	-0.5%	0.39%	0.81%	1.27%	5.94%	2.16%
EBITDA+	-8.8M	-12.24M	-20.36M	-5.5M	-8.32M	-2.62M	4.08M	7.04M	10.86M	17.48M
EBITDA Margin %	-2.2%	-2.67%	-2.37%	-0.34%	-0.27%	-0.08%	0.09%	0.13%	0.18%	0.23%
EBITDA Growth %	0.14%	-0.39%	-0.66%	0.73%	-0.51%	0.69%	2.56%	0.72%	0.54%	0.61%
D&A (Non-Cash Add-back)	215K	607K	1.14M	2M	2.89M	4.22M	5.4M	6.67M	8.35M	9.56M
EBIT	-9.02M	-12.85M	-21.5M	-7.49M	-11.21M	-6.83M	-1.31M	361K	2.5M	7.92M
Net Interest Income+	0	0	0	84K	136K	18K	0	351K	1.33M	1.4M
Interest Income	0	0	0	84K	136K	18K	0	351K	1.33M	1.4M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-1.48M	-4.05M	0	623K	136K	18K	2.17M	351K	1.33M	1.4M
Pretax Income+	-10.5M	-16.9M	-21.5M	-6.87M	-11.08M	-6.81M	853K	712K	3.84M	9.32M
Pretax Margin %	-2.62%	-3.69%	-2.51%	-0.42%	-0.37%	-0.2%	0.02%	0.01%	0.06%	0.12%
Income Tax+	142K	-38K	0	0	0	0	198K	96K	-9.69M	2.32M
Effective Tax Rate %	1.01%	1%	1%	1%	1%	1%	0.77%	0.87%	3.53%	0.75%
Net Income+	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Net Margin %	-2.66%	-3.68%	-2.51%	-0.42%	-0.37%	-0.2%	0.01%	0.01%	0.22%	0.09%
Net Income Growth %	0%	-0.58%	-0.27%	0.68%	-0.61%	0.38%	1.1%	-0.06%	20.96%	-0.48%
Net Income (Continuing)	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.03	-1.63	-2.08	-0.67	-1.02	-0.57	0.05	0.04	0.96	0.50
EPS Growth %	0%	-0.58%	-0.28%	0.68%	-0.52%	0.44%	1.09%	-0.11%	20.97%	-0.48%
EPS (Basic)	-1.03	-1.63	-2.08	-0.67	-1.02	-0.57	0.05	0.04	0.97	0.51
Diluted Shares Outstanding	10.33M	10.33M	10.33M	10.27M	10.76M	11.86M	13.4M	14.11M	14.13M	14.13M
Basic Shares Outstanding	10.33M	10.33M	10.33M	10.27M	10.76M	11.86M	12.6M	13.76M	13.97M	13.86M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.6%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35M	1.7M	2.27M	13.15M	16.04M	16.74M	38.59M	38.12M	40.28M	46.19M
Cash & Short-Term Investments	0	226K	65K	9.95M	11.78M	12.96M	34.26M	31.81M	32.03M	36.5M
Cash Only	0	226K	65K	9.95M	11.78M	12.96M	34.26M	31.81M	32.03M	36.5M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	518K	694K	1.65M	2.27M	3.54M	3.2M	3.74M	5.54M	7.13M	8.06M
Days Sales Outstanding	47.23	55.25	70.21	50.71	42.7	33.78	30.98	37.89	43.26	39.13
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	934K	0	0	0	771K	1.11M	1.63M
Total Non-Current Assets+	11.59M	17.01M	22.85M	26.68M	32.83M	35.26M	35.78M	39.3M	52.71M	52.34M
Property, Plant & Equipment	824K	848K	1.09M	852K	3.28M	2.72M	2.24M	1.82M	3.05M	2.45M
Fixed Asset Turnover	4.86x	5.41x	7.86x	19.13x	9.23x	12.72x	19.67x	29.25x	19.75x	30.74x
Goodwill	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M
Intangible Assets	4.15M	9.48M	15.35M	19.97M	24.03M	27.17M	28.18M	31.65M	34.4M	36M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.39M	1.45M	1.18M	628K	289K	139K	137K	601K	517K	1.17M
Total Assets+	12.94M	18.71M	25.13M	39.83M	48.87M	51.99M	74.38M	77.41M	92.99M	98.53M
Asset Turnover	0.31x	0.25x	0.34x	0.41x	0.62x	0.67x	0.59x	0.69x	0.65x	0.76x
Asset Growth %	0%	0.45%	0.34%	0.59%	0.23%	0.06%	0.43%	0.04%	0.2%	0.06%
Total Current Liabilities+	1.02M	3.49M	7.39M	3.55M	4.33M	5.04M	3.46M	5.44M	4.88M	10.31M
Accounts Payable	228K	921K	2.58M	2.25M	2.14M	2.08M	1.6M	2.23M	1.63M	2.13M
Days Payables Outstanding	32.56	78.07	133.17	94.91	63.67	67.17	52.33	66.63	45.55	55.47
Short-Term Debt	0	0	0	0	0	449K	0	0	0	0
Deferred Revenue (Current)	0	80K	33K	26K	128K	504K	841K	670K	690K	712K
Other Current Liabilities	217K	221K	675K	993K	0	0	0	0	304K	0
Current Ratio	1.32x	0.49x	0.31x	3.70x	3.71x	3.32x	11.16x	7.01x	8.26x	4.48x
Quick Ratio	1.32x	0.49x	0.31x	3.70x	3.71x	3.32x	11.16x	7.01x	8.26x	4.48x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	1.28M	2.46M	3.61M	1.49M	885K	2M	1.59M
Long-Term Debt	0	0	0	0	0	1.7M	0	0	0	0
Capital Lease Obligations	0	0	0	0	2.46M	1.91M	1.29M	598K	2M	1.59M
Deferred Tax Liabilities	0	0	0	0	0	0	198K	287K	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.02M	3.49M	7.39M	3.55M	6.79M	8.65M	4.95M	6.32M	6.88M	11.9M
Total Debt+	0	0	0	0	2.95M	4.61M	1.91M	1.29M	2.57M	2M
Net Debt	0	-226K	-65K	-9.95M	-8.83M	-8.35M	-32.35M	-30.52M	-29.46M	-34.51M
Debt / Equity	-	-	-	-	0.07x	0.11x	0.03x	0.02x	0.03x	0.02x
Debt / EBITDA	-	-	-	-	-	-	0.47x	0.18x	0.24x	0.11x
Net Debt / EBITDA	-	-	-	-	-	-	-7.92x	-4.34x	-2.71x	-1.97x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	11.91M	15.22M	17.74M	36.28M	42.08M	43.34M	69.43M	71.09M	86.11M	86.63M
Equity Growth %	0%	0.28%	0.17%	1.05%	0.16%	0.03%	0.6%	0.02%	0.21%	0.01%
Book Value per Share	1.15	1.47	1.72	3.53	3.91	3.65	5.18	5.04	6.09	6.13
Total Shareholders' Equity	11.91M	15.22M	17.74M	36.28M	42.08M	43.34M	69.43M	71.09M	86.11M	86.63M
Common Stock	11.91M	15.22M	17.74M	10K	12K	13K	13K	14K	14K	14K
Retained Earnings	0	0	0	-4.78M	-15.86M	-22.67M	-22.02M	-21.4M	-7.87M	-870K
Treasury Stock	0	0	0	0	-1.25M	0	0	0	-188K	0
Accumulated OCI	0	-366K	-638K	-684K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-8.24M	-6.72M	-10.41M	-8.05M	1.65M	6.52M	8.95M	12.46M	15.07M	23.96M
Operating CF Margin %	-2.06%	-1.46%	-1.21%	-0.49%	0.05%	0.19%	0.2%	0.23%	0.25%	0.32%
Operating CF Growth %	0%	0.18%	-0.55%	0.23%	1.2%	2.96%	0.37%	0.39%	0.21%	0.59%
Net Income	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Depreciation & Amortization	215K	607K	1.14M	2M	2.89M	4.22M	5.4M	6.67M	8.35M	9.56M
Stock-Based Compensation	2.61M	1.85M	2.87M	709K	9.91M	8.06M	6.62M	5.5M	5.39M	5.95M
Deferred Taxes	0	4.08M	287K	357K	0	0	198K	89K	-9.8M	2.02M
Other Non-Cash Items	1.33M	1.35M	3.65M	325K	1.03M	1.53M	-1.54M	898K	1.67M	983K
Working Capital Changes	-1.75M	2.26M	3.15M	-4.57M	-1.11M	-475K	-2.38M	-1.32M	-4.07M	-1.55M
Change in Receivables	-227K	-199K	-1.24M	-909K	-1.86M	-64K	-630K	-1.97M	-2.69M	-1.27M
Change in Inventory	0	1.81M	4.44M	-3.32M	0	0	0	0	-799K	0
Change in Payables	0	693K	-2K	-332K	-108K	0	-470K	624K	-598K	496K
Cash from Investing+	-4.28M	-9.27M	-6.47M	-6M	-6M	-5.66M	-5.24M	-8.83M	-9.15M	-9.57M
Capital Expenditures	-661K	-9.27M	-6.47M	-6M	-90K	-154K	-280K	-373K	-122K	-169K
CapEx % of Revenue	0.17%	2.02%	0.75%	0.37%	0%	0%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.62M	-9.03M	-5.95M	-5.91M	-5.91M	-5.51M	-4.96M	-8.46M	-9.02M	-9.4M
Cash from Financing+	6.52M	16.21M	16.72M	23.94M	6.18M	324K	17.6M	-6.08M	-5.7M	-9.92M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-4.18M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.52M	16.21M	16.72M	23.94M	-1.25M	0	-3.33M	-5.2M	-1.99M	113K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.9M	-15.99M	-16.88M	-14.05M	-4.36M	6.37M	3.7M	3.63M	5.92M	23.79M
FCF Margin %	-2.22%	-3.49%	-1.97%	-0.86%	-0.14%	0.18%	0.08%	0.07%	0.1%	0.32%
FCF Growth %	0.27%	-0.8%	-0.06%	0.17%	0.69%	2.46%	-0.42%	-0.02%	0.63%	3.02%
FCF per Share	-0.86	-1.55	-1.63	-1.37	-0.40	0.54	0.28	0.26	0.42	1.68
FCF Conversion (FCF/Net Income)	0.77x	0.40x	0.48x	1.17x	-0.15x	-0.96x	13.66x	20.23x	1.11x	3.42x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	39K	82K	607K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-89.33%	-124.31%	-130.49%	-25.43%	-28.27%	-15.95%	1.16%	0.88%	17.21%	8.11%
Return on Invested Capital (ROIC)	-56.77%	-71.62%	-98.74%	-25.54%	-28.22%	-15.01%	-2.74%	0.7%	3.86%	10.92%
Gross Margin	36.15%	6.09%	17.63%	47.01%	59.53%	67.4%	74.57%	77.1%	78.29%	81.38%
Net Margin	-265.88%	-367.79%	-250.64%	-42.13%	-36.57%	-19.7%	1.49%	1.16%	22.47%	9.31%
Debt / Equity	-	-	-	-	0.07x	0.11x	0.03x	0.02x	0.03x	0.02x
FCF Conversion	0.77x	0.40x	0.48x	1.17x	-0.15x	-0.96x	13.66x	20.23x	1.11x	3.42x
Revenue Growth	0%	14.54%	87.09%	90.04%	85.78%	14.2%	27.28%	21.12%	12.91%	24.89%

Frequently Asked Questions

Valuation & Price

Red Violet, Inc. (RDVT) has a price-to-earnings (P/E) ratio of 102.6x. This suggests investors expect higher future growth.

Growth & Financials

Red Violet, Inc. (RDVT) reported $86.4M in revenue for fiscal year 2024. This represents a 2059% increase from $4.0M in 2014.

Red Violet, Inc. (RDVT) grew revenue by 24.9% over the past year. This is strong growth.

Yes, Red Violet, Inc. (RDVT) is profitable, generating $11.2M in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Yes, Red Violet, Inc. (RDVT) pays a dividend with a yield of 0.58%. This makes it attractive for income-focused investors.

Red Violet, Inc. (RDVT) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.

Red Violet, Inc. (RDVT) generated $23.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Red Violet, Inc. (RDVT) 10-Year Financial Performance & Capital Metrics

RDVT • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

Revenue $75M +24.9%
EBITDA $17M +61.0%
Net Income $7M -48.2%
EPS (Diluted) 0.50 -47.9%
Gross Margin 81.38% +3.9%
EBITDA Margin 23.25% +28.9%
Operating Margin 10.53% +153.3%
Net Margin 9.31% -58.6%
ROE 8.11% -52.9%
ROIC 10.92% +182.7%
Debt/Equity 0.02 -22.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 31.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 19.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y34.08%

5Y19.95%

3Y19.53%

TTM22.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y120.3%

TTM120.95%

EPS CAGR

10Y-

5Y-

3Y117.05%

TTM-22.97%

ROCE

10Y Avg-36.09%

5Y Avg-0.91%

3Y Avg4.21%

Latest8.98%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4M	4.58M	8.58M	16.3M	30.29M	34.59M	44.02M	53.32M	60.2M	75.19M
Revenue Growth %	0%	0.15%	0.87%	0.9%	0.86%	0.14%	0.27%	0.21%	0.13%	0.25%
Cost of Goods Sold+	2.56M	4.31M	7.07M	8.64M	12.26M	11.28M	11.2M	12.21M	13.07M	14M
COGS % of Revenue	0.64%	0.94%	0.82%	0.53%	0.4%	0.33%	0.25%	0.23%	0.22%	0.19%
Gross Profit+	1.45M	279K	1.51M	7.66M	18.03M	23.31M	32.83M	41.11M	47.13M	61.19M
Gross Margin %	0.36%	0.06%	0.18%	0.47%	0.6%	0.67%	0.75%	0.77%	0.78%	0.81%
Gross Profit Growth %	0.17%	-0.81%	4.42%	4.07%	1.35%	0.29%	0.41%	0.25%	0.15%	0.3%
Operating Expenses+	11.95M	13.13M	23.01M	15.15M	29.24M	30.14M	34.14M	40.75M	44.63M	53.27M
OpEx % of Revenue	2.98%	2.86%	2.68%	0.93%	0.97%	0.87%	0.78%	0.76%	0.74%	0.71%
Selling, General & Admin	10.25M	12.52M	21.87M	13.16M	26.35M	25.93M	28.74M	34.07M	36.28M	43.71M
SG&A % of Revenue	2.56%	2.73%	2.55%	0.81%	0.87%	0.75%	0.65%	0.64%	0.6%	0.58%
Research & Development	0	0	866K	1.73M	0	0	0	0	8.12M	9.35M
R&D % of Revenue	-	-	0.1%	0.11%	-	-	-	-	0.13%	0.12%
Other Operating Expenses	0	607K	1.14M	539K	2.89M	4.22M	5.4M	6.67M	233K	213K
Operating Income+	-9.02M	-12.85M	-21.5M	-7.49M	-11.21M	-6.83M	-1.31M	361K	2.5M	7.92M
Operating Margin %	-2.25%	-2.8%	-2.51%	-0.46%	-0.37%	-0.2%	-0.03%	0.01%	0.04%	0.11%
Operating Income Growth %	0.14%	-0.42%	-0.67%	0.65%	-0.5%	0.39%	0.81%	1.27%	5.94%	2.16%
EBITDA+	-8.8M	-12.24M	-20.36M	-5.5M	-8.32M	-2.62M	4.08M	7.04M	10.86M	17.48M
EBITDA Margin %	-2.2%	-2.67%	-2.37%	-0.34%	-0.27%	-0.08%	0.09%	0.13%	0.18%	0.23%
EBITDA Growth %	0.14%	-0.39%	-0.66%	0.73%	-0.51%	0.69%	2.56%	0.72%	0.54%	0.61%
D&A (Non-Cash Add-back)	215K	607K	1.14M	2M	2.89M	4.22M	5.4M	6.67M	8.35M	9.56M
EBIT	-9.02M	-12.85M	-21.5M	-7.49M	-11.21M	-6.83M	-1.31M	361K	2.5M	7.92M
Net Interest Income+	0	0	0	84K	136K	18K	0	351K	1.33M	1.4M
Interest Income	0	0	0	84K	136K	18K	0	351K	1.33M	1.4M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-1.48M	-4.05M	0	623K	136K	18K	2.17M	351K	1.33M	1.4M
Pretax Income+	-10.5M	-16.9M	-21.5M	-6.87M	-11.08M	-6.81M	853K	712K	3.84M	9.32M
Pretax Margin %	-2.62%	-3.69%	-2.51%	-0.42%	-0.37%	-0.2%	0.02%	0.01%	0.06%	0.12%
Income Tax+	142K	-38K	0	0	0	0	198K	96K	-9.69M	2.32M
Effective Tax Rate %	1.01%	1%	1%	1%	1%	1%	0.77%	0.87%	3.53%	0.75%
Net Income+	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Net Margin %	-2.66%	-3.68%	-2.51%	-0.42%	-0.37%	-0.2%	0.01%	0.01%	0.22%	0.09%
Net Income Growth %	0%	-0.58%	-0.27%	0.68%	-0.61%	0.38%	1.1%	-0.06%	20.96%	-0.48%
Net Income (Continuing)	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.03	-1.63	-2.08	-0.67	-1.02	-0.57	0.05	0.04	0.96	0.50
EPS Growth %	0%	-0.58%	-0.28%	0.68%	-0.52%	0.44%	1.09%	-0.11%	20.97%	-0.48%
EPS (Basic)	-1.03	-1.63	-2.08	-0.67	-1.02	-0.57	0.05	0.04	0.97	0.51
Diluted Shares Outstanding	10.33M	10.33M	10.33M	10.27M	10.76M	11.86M	13.4M	14.11M	14.13M	14.13M
Basic Shares Outstanding	10.33M	10.33M	10.33M	10.27M	10.76M	11.86M	12.6M	13.76M	13.97M	13.86M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.6%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35M	1.7M	2.27M	13.15M	16.04M	16.74M	38.59M	38.12M	40.28M	46.19M
Cash & Short-Term Investments	0	226K	65K	9.95M	11.78M	12.96M	34.26M	31.81M	32.03M	36.5M
Cash Only	0	226K	65K	9.95M	11.78M	12.96M	34.26M	31.81M	32.03M	36.5M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	518K	694K	1.65M	2.27M	3.54M	3.2M	3.74M	5.54M	7.13M	8.06M
Days Sales Outstanding	47.23	55.25	70.21	50.71	42.7	33.78	30.98	37.89	43.26	39.13
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	934K	0	0	0	771K	1.11M	1.63M
Total Non-Current Assets+	11.59M	17.01M	22.85M	26.68M	32.83M	35.26M	35.78M	39.3M	52.71M	52.34M
Property, Plant & Equipment	824K	848K	1.09M	852K	3.28M	2.72M	2.24M	1.82M	3.05M	2.45M
Fixed Asset Turnover	4.86x	5.41x	7.86x	19.13x	9.23x	12.72x	19.67x	29.25x	19.75x	30.74x
Goodwill	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M	5.23M
Intangible Assets	4.15M	9.48M	15.35M	19.97M	24.03M	27.17M	28.18M	31.65M	34.4M	36M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	1.39M	1.45M	1.18M	628K	289K	139K	137K	601K	517K	1.17M
Total Assets+	12.94M	18.71M	25.13M	39.83M	48.87M	51.99M	74.38M	77.41M	92.99M	98.53M
Asset Turnover	0.31x	0.25x	0.34x	0.41x	0.62x	0.67x	0.59x	0.69x	0.65x	0.76x
Asset Growth %	0%	0.45%	0.34%	0.59%	0.23%	0.06%	0.43%	0.04%	0.2%	0.06%
Total Current Liabilities+	1.02M	3.49M	7.39M	3.55M	4.33M	5.04M	3.46M	5.44M	4.88M	10.31M
Accounts Payable	228K	921K	2.58M	2.25M	2.14M	2.08M	1.6M	2.23M	1.63M	2.13M
Days Payables Outstanding	32.56	78.07	133.17	94.91	63.67	67.17	52.33	66.63	45.55	55.47
Short-Term Debt	0	0	0	0	0	449K	0	0	0	0
Deferred Revenue (Current)	0	80K	33K	26K	128K	504K	841K	670K	690K	712K
Other Current Liabilities	217K	221K	675K	993K	0	0	0	0	304K	0
Current Ratio	1.32x	0.49x	0.31x	3.70x	3.71x	3.32x	11.16x	7.01x	8.26x	4.48x
Quick Ratio	1.32x	0.49x	0.31x	3.70x	3.71x	3.32x	11.16x	7.01x	8.26x	4.48x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	1.28M	2.46M	3.61M	1.49M	885K	2M	1.59M
Long-Term Debt	0	0	0	0	0	1.7M	0	0	0	0
Capital Lease Obligations	0	0	0	0	2.46M	1.91M	1.29M	598K	2M	1.59M
Deferred Tax Liabilities	0	0	0	0	0	0	198K	287K	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	1.02M	3.49M	7.39M	3.55M	6.79M	8.65M	4.95M	6.32M	6.88M	11.9M
Total Debt+	0	0	0	0	2.95M	4.61M	1.91M	1.29M	2.57M	2M
Net Debt	0	-226K	-65K	-9.95M	-8.83M	-8.35M	-32.35M	-30.52M	-29.46M	-34.51M
Debt / Equity	-	-	-	-	0.07x	0.11x	0.03x	0.02x	0.03x	0.02x
Debt / EBITDA	-	-	-	-	-	-	0.47x	0.18x	0.24x	0.11x
Net Debt / EBITDA	-	-	-	-	-	-	-7.92x	-4.34x	-2.71x	-1.97x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	11.91M	15.22M	17.74M	36.28M	42.08M	43.34M	69.43M	71.09M	86.11M	86.63M
Equity Growth %	0%	0.28%	0.17%	1.05%	0.16%	0.03%	0.6%	0.02%	0.21%	0.01%
Book Value per Share	1.15	1.47	1.72	3.53	3.91	3.65	5.18	5.04	6.09	6.13
Total Shareholders' Equity	11.91M	15.22M	17.74M	36.28M	42.08M	43.34M	69.43M	71.09M	86.11M	86.63M
Common Stock	11.91M	15.22M	17.74M	10K	12K	13K	13K	14K	14K	14K
Retained Earnings	0	0	0	-4.78M	-15.86M	-22.67M	-22.02M	-21.4M	-7.87M	-870K
Treasury Stock	0	0	0	0	-1.25M	0	0	0	-188K	0
Accumulated OCI	0	-366K	-638K	-684K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-8.24M	-6.72M	-10.41M	-8.05M	1.65M	6.52M	8.95M	12.46M	15.07M	23.96M
Operating CF Margin %	-2.06%	-1.46%	-1.21%	-0.49%	0.05%	0.19%	0.2%	0.23%	0.25%	0.32%
Operating CF Growth %	0%	0.18%	-0.55%	0.23%	1.2%	2.96%	0.37%	0.39%	0.21%	0.59%
Net Income	-10.64M	-16.86M	-21.5M	-6.87M	-11.08M	-6.81M	655K	616K	13.53M	7M
Depreciation & Amortization	215K	607K	1.14M	2M	2.89M	4.22M	5.4M	6.67M	8.35M	9.56M
Stock-Based Compensation	2.61M	1.85M	2.87M	709K	9.91M	8.06M	6.62M	5.5M	5.39M	5.95M
Deferred Taxes	0	4.08M	287K	357K	0	0	198K	89K	-9.8M	2.02M
Other Non-Cash Items	1.33M	1.35M	3.65M	325K	1.03M	1.53M	-1.54M	898K	1.67M	983K
Working Capital Changes	-1.75M	2.26M	3.15M	-4.57M	-1.11M	-475K	-2.38M	-1.32M	-4.07M	-1.55M
Change in Receivables	-227K	-199K	-1.24M	-909K	-1.86M	-64K	-630K	-1.97M	-2.69M	-1.27M
Change in Inventory	0	1.81M	4.44M	-3.32M	0	0	0	0	-799K	0
Change in Payables	0	693K	-2K	-332K	-108K	0	-470K	624K	-598K	496K
Cash from Investing+	-4.28M	-9.27M	-6.47M	-6M	-6M	-5.66M	-5.24M	-8.83M	-9.15M	-9.57M
Capital Expenditures	-661K	-9.27M	-6.47M	-6M	-90K	-154K	-280K	-373K	-122K	-169K
CapEx % of Revenue	0.17%	2.02%	0.75%	0.37%	0%	0%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.62M	-9.03M	-5.95M	-5.91M	-5.91M	-5.51M	-4.96M	-8.46M	-9.02M	-9.4M
Cash from Financing+	6.52M	16.21M	16.72M	23.94M	6.18M	324K	17.6M	-6.08M	-5.7M	-9.92M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-4.18M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.52M	16.21M	16.72M	23.94M	-1.25M	0	-3.33M	-5.2M	-1.99M	113K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.9M	-15.99M	-16.88M	-14.05M	-4.36M	6.37M	3.7M	3.63M	5.92M	23.79M
FCF Margin %	-2.22%	-3.49%	-1.97%	-0.86%	-0.14%	0.18%	0.08%	0.07%	0.1%	0.32%
FCF Growth %	0.27%	-0.8%	-0.06%	0.17%	0.69%	2.46%	-0.42%	-0.02%	0.63%	3.02%
FCF per Share	-0.86	-1.55	-1.63	-1.37	-0.40	0.54	0.28	0.26	0.42	1.68
FCF Conversion (FCF/Net Income)	0.77x	0.40x	0.48x	1.17x	-0.15x	-0.96x	13.66x	20.23x	1.11x	3.42x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	39K	82K	607K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-89.33%	-124.31%	-130.49%	-25.43%	-28.27%	-15.95%	1.16%	0.88%	17.21%	8.11%
Return on Invested Capital (ROIC)	-56.77%	-71.62%	-98.74%	-25.54%	-28.22%	-15.01%	-2.74%	0.7%	3.86%	10.92%
Gross Margin	36.15%	6.09%	17.63%	47.01%	59.53%	67.4%	74.57%	77.1%	78.29%	81.38%
Net Margin	-265.88%	-367.79%	-250.64%	-42.13%	-36.57%	-19.7%	1.49%	1.16%	22.47%	9.31%
Debt / Equity	-	-	-	-	0.07x	0.11x	0.03x	0.02x	0.03x	0.02x
FCF Conversion	0.77x	0.40x	0.48x	1.17x	-0.15x	-0.96x	13.66x	20.23x	1.11x	3.42x
Revenue Growth	0%	14.54%	87.09%	90.04%	85.78%	14.2%	27.28%	21.12%	12.91%	24.89%

Frequently Asked Questions

Valuation & Price

Red Violet, Inc. (RDVT) has a price-to-earnings (P/E) ratio of 102.6x. This suggests investors expect higher future growth.

Growth & Financials

Red Violet, Inc. (RDVT) reported $86.4M in revenue for fiscal year 2024. This represents a 2059% increase from $4.0M in 2014.

Red Violet, Inc. (RDVT) grew revenue by 24.9% over the past year. This is strong growth.

Yes, Red Violet, Inc. (RDVT) is profitable, generating $11.2M in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Yes, Red Violet, Inc. (RDVT) pays a dividend with a yield of 0.58%. This makes it attractive for income-focused investors.

Red Violet, Inc. (RDVT) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.

Red Violet, Inc. (RDVT) generated $23.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.