Overview

• US analytics solutions provider's Q1 revenue rose 17% yr/yr to record high

• EPS for Q1 rose to $0.30, adjusted EBITDA up 27% yr/yr

• Company repurchased 73,250 shares year to date through April 30, 2026

Outlook

• Red Violet says it is confident in significant opportunity ahead for its AI-embedded platform

• Company sees ongoing demand for its cloud-native, AI-embedded platform in regulated environments

• Red Violet continues to invest in product development and go-to-market capabilities

Result Drivers

• NEW CUSTOMER ONBOARDING - Co said Q1 saw one of its strongest quarters for new customer onboarding, contributing to record revenue and profitability

• AI-EMBEDDED PLATFORM DEMAND - Co attributed results to continued demand for its cloud-native, AI-embedded platform and differentiated identity graph, especially for AI-driven decisioning in regulated environments

• PRODUCT AND GO-TO-MARKET INVESTMENT - Ongoing investment in product roadmap and go-to-market capabilities supported growth, per CEO Derek Dubner

Company press release: ID:nGNX6jWHmW

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$25.80 mln	$24.63 mln (2 Analysts)
Q1 EPS		$0.30
Q1 Adjusted EBITDA		$10.70 mln
Q1 Gross Margin		75.00%
Q1 Adjusted Gross Margin		85.00%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Red Violet Inc is $63.50, about 57.1% above its May 5 closing price of $40.42

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 36 three months ago

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