---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-062078"
form_type: "8-K"
ticker: "RDVT"
cik: "0001720116"
company_name: "Red Violet, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:05:29.897456+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Red Violet Q3 record revenue $15.8M, EPS $0.87; net income up 453% YoY

## Summary
- Revenue grew 5% to $15.8M; diluted EPS of $0.87 vs $0.16 in prior-year quarter.
- Net income of $12.5M included a $10.4M one-time tax benefit from valuation allowance release.
- Adjusted EBITDA of $5.4M (34% margin); adjusted gross margin 79%.
- Added 272 IDI customers (7,769 total) and 21,819 FOREWARN users (168,356 total).
- Announced Florida Realtors agreement for 238,000 members starting Jan 2024; $2.3M remaining under stock repurchase program.

## SEC filing metadata
- accession: 0000950170-23-062078
- form_type: 8-K
- ticker: RDVT
- cik: 0001720116
- company_name: Red Violet, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720116/000095017023062078/0000950170-23-062078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720116/000095017023062078/rdvt-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-062078
- JSON: https://secwatch.observer/filing/0000950170-23-062078.json
- Plain text: https://secwatch.observer/filing/0000950170-23-062078.txt

## Key facts
- Earnings Releases
  Red Violet, Inc. reported the third quarter ended September 30, 2023 results: revenue $15.8 million, net income $12.5 million, EPS $0.90 and $0.87 per basic and diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $15.8 million
  - Net income: $12.5 million
  - EPS: $0.90 and $0.87 per basic and diluted share
  - Result: reported results
  source text: set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 red violet Announces Third Quarter 2023 Financial Results Record Revenue of $15.8 Million Helps Drive Record EPS of $0.87 BOCA RATON, Fla. – November 7, 2023 – Red Violet, Inc. (NASDAQ: RDVT), a leading analytics and information solutions provider, today announced
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720116/000095017023062078/0000950170-23-062078-index.htm

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