Red Violet, Inc. filed its quarterly report on Form 10-Q with the SEC for the period ended June 30, 2026, reporting continued revenue growth and net income for both the second quarter and first half of the fiscal year.

Key Highlights

  • Q2 2026 revenue: $26,718 thousand, compared to $21,774 thousand in Q2 2025, according to the filing.
  • Six-month revenue: $52,548 thousand for the six months ended June 30, 2026, versus $43,777 thousand in the same period of 2025.
  • Q2 net income: $4,960 thousand, with diluted earnings per share of $0.34, compared to $2,686 thousand and $0.18 diluted EPS in Q2 2025.
  • Six-month net income: $9,348 thousand, versus $6,126 thousand for the six months ended June 30, 2025.
  • Total assets: $120,348 thousand as of June 30, 2026, up from $112,012 thousand at December 31, 2025.
  • Cash and cash equivalents: $49,972 thousand as of June 30, 2026, compared to $43,557 thousand at December 31, 2025.
  • Shares outstanding: 16,046,975 shares of common stock as of August 7, 2026, as disclosed on the filing's cover page.

Red Violet's Financial Results for the Quarter and Half-Year Ended June 30, 2026

According to the filing, Red Violet, Inc. (NASDAQ: RDVT) reported revenue of $26,718 thousand for the three months ended June 30, 2026, an increase from $21,774 thousand in the same quarter of 2025. Total costs and expenses for Q2 2026 were $20,623 thousand, resulting in income from operations of $6,095 thousand, compared to $2,751 thousand in Q2 2025. After interest income of $394 thousand and income tax expense of $1,529 thousand, the company reported net income of $4,960 thousand for the quarter, the filing stated.

For the six months ended June 30, 2026, the registrant reported revenue of $52,548 thousand and net income of $9,348 thousand, compared to revenue of $43,777 thousand and net income of $6,126 thousand for the corresponding period in 2025. Basic and diluted earnings per share for the six-month period were $0.66 and $0.65, respectively, according to the filing.

The condensed consolidated balance sheet disclosed total shareholders' equity of $111,612 thousand as of June 30, 2026, up from $100,926 thousand at December 31, 2025, driven in part by retained earnings of $21,632 thousand. The filing also noted that during the six months ended June 30, 2026, the company repurchased 74,500 shares of common stock for $3,122 thousand and recorded share-based compensation of $5,174 thousand. Intangible assets, net, stood at $41,196 thousand as of June 30, 2026, compared to $39,264 thousand at December 31, 2025. The company is classified as a non-accelerated filer and smaller reporting company, as indicated on the filing's cover page.

What Was Disclosed

Red Violet filed its Form 10-Q for the quarterly period ended June 30, 2026, disclosing condensed consolidated financial statements including balance sheets, statements of operations, changes in shareholders' equity, and cash flows, along with management's discussion and analysis.