---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-021362"
form_type: "8-K"
ticker: "RDVT"
cik: "0001720116"
company_name: "Red Violet, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:23:15.283388+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Red Violet Q1 revenue up 15% to $14.6M; net income surges 569% to $0.7M

## Summary
- Revenue $14.6M (+15% YoY); gross margin improved to 66% from 64%.
- Net income $0.7M ($0.05 EPS) vs $0.1M ($0.01 EPS) in Q1 2022.
- Adjusted EBITDA $3.7M (+15%); adjusted gross margin 78% vs 75%.
- Added 235 IDI customers (7,256 total) and 14,388 FOREWARN users (131,348 total).
- Repurchased 44,766 shares at avg $16.88; $3.4M remaining under $5M buyback program.

## SEC filing metadata
- accession: 0000950170-23-021362
- form_type: 8-K
- ticker: RDVT
- cik: 0001720116
- company_name: Red Violet, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720116/000095017023021362/0000950170-23-021362-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720116/000095017023021362/rdvt-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-021362
- JSON: https://secwatch.observer/filing/0000950170-23-021362.json
- Plain text: https://secwatch.observer/filing/0000950170-23-021362.txt

## Key facts
- Earnings Releases
  Red Violet, Inc. reported first quarter ended March 31, 2023 results: revenue $14.6 million, net income $0.7 million, EPS $0.05 per basic and diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $14.6 million
  - Net income: $0.7 million
  - EPS: $0.05 per basic and diluted share
  - Result: reported results
  source text: reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 red violet Announces First Quarter 2023 Financial Results First Quarter Revenue Increased 15% to $14.6 Million, Generated EPS of $0.05 BOCA RATON, Fla. – May 9, 2023 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced financial
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720116/000095017023021362/0000950170-23-021362-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.