Red Violet grows revenue 17% to $25.8M, expands margins to 41%, resumes buybacks after year pause

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• high

  Revenue grew 17% to $25.8M but new customer revenue fell 28% while existing customer revenue surged 24%, signaling a shift from land-focused to expand-focused growth as the customer base matures.

  MD&A: Revenue Growth verify on EDGAR →
• high

  Adjusted EBITDA margin expanded to 41% (from 38%) and net income grew 28% to $4.4M, driven by operating leverage as fixed-cost data licensing scales with revenue.

  MD&A: Profitability verify on EDGAR →
• high

  Company resumed share repurchases after year-long pause, buying $2.7M in Q1 2026 under expanded $30M authorization with $16M remaining; shifted capital return from special dividends to systematic buybacks.

  Controls: Share Repurchases verify on EDGAR →