---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-057464"
form_type: "8-K"
ticker: "RDVT"
cik: "0001720116"
company_name: "Red Violet, Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:57:04.602603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Red Violet reports record Q1 revenue of $17.5M, up 20%; net income rises 149%

## Summary
- Q1 revenue of $17.5M (+20% YoY); gross margin held at 66%.
- Net income of $1.8M ($0.13 per diluted share) vs $0.7M a year ago.
- Adjusted EBITDA $5.7M, up 54%; margin expanded to 32% from 25%.
- Added 366 IDI customers (8,241 total) and 51,259 FOREWARN users (236,639 total).
- Bought 291,879 shares at avg $19.81 YTD through Apr 30; $4.6M left in buyback program.

## SEC filing metadata
- accession: 0000950170-24-057464
- form_type: 8-K
- ticker: RDVT
- cik: 0001720116
- company_name: Red Violet, Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720116/000095017024057464/0000950170-24-057464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720116/000095017024057464/rdvt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057464
- JSON: https://secwatch.observer/filing/0000950170-24-057464.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057464.txt

## Key facts
- Earnings Releases
  Red Violet, Inc. reported the quarter ended March 31, 2024 results: revenue $17.5 million, net income $1.8 million, EPS $0.13 per basic and diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $17.5 million
  - Net income: $1.8 million
  - EPS: $0.13 per basic and diluted share
  - Result: reported results
  source text: red violet Announces First Quarter 2024 Financial Results Record Revenue of $17.5 Million, an Increase of 20%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720116/000095017024057464/0000950170-24-057464-index.htm

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