Red Violet, Inc. 8K

Red Violet, Inc. reported record Q2 2026 financial and operating results and closed an August 2026 underwritten equity offering raising about $109 million in net proceeds for general corporate purposes and potential acquisitions.

On August 10, 2026, Red Violet, Inc. reported strong financial and operating results for the quarter ended June 30, 2026, highlighted by record revenue of $26.7 million (up 23% year over year), gross margin expansion to 76%, an 85% increase in net income to $5.0 million, and a 48% increase in adjusted EBITDA to $11.2 million. The company also generated record operating cash flow of $10.6 million, ended the quarter with $50.0 million in cash and cash equivalents (prior to proceeds from a recently completed offering), and disclosed the August 2026 closing of an underwritten public equity offering of 1,916,667 shares that raised approximately $109.0 million in net proceeds for working capital, general corporate purposes, and potential strategic acquisitions. Operationally, Red Violet added a record 447 IDI billable customers, expanded FOREWARN to 443,173 users and 660 contracted REALTOR associations, and repurchased 74,500 shares year-to-date under its stock repurchase program while retaining $15.5 million of remaining authorization.

Filing Facts

CIK

1720116

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-345050

Alert Tier

7