Red Violet (RDVT) Q3 FY2026 earnings: revenue $28 million, up 20.2% on the year

Red Violet, Inc. (RDVT) reported revenue of $28 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.2% on the same quarter a year earlier. Net income was $5 million, up 29.2% on the year, and diluted earnings per share $0.35. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue

$28 million

+20.2% on the year · +3.9% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

20.8%

19.8% a year earlier

Q4 FY2024Q3 FY2026

Net income

$5 million

+29.2% on the year · +9.8% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.35

+20.7% on the year · +2.9% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue rose 20% to record: Revenue reached $27.8 million, up 20% on the prior year, and the company reported record revenue and record operating cash flow for the quarter.
Trailing revenue passed $100 million: Trailing twelve-month revenue passed $100 million for the first time, according to the press release headline results.
Real Estate softness in IDI: IDI's Real Estate business declined at a high single-digit rate year over year, partly offset within the vertical by FOREWARN double-digit revenue growth.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	27.8	26.7	23.1	+3.9%	+20.2%
Cost of revenue	4.0	3.8	3.6	+5.2%	+10.9%
Gross profit	23.7	22.9	19.5	+3.6%	+22.0%
Gross margin	85.5%	85.7%	84.3%
Operating income	5.8	6.1	4.6	-5.4%	+26.0%
Operating margin	20.8%	22.8%	19.8%
Pre-tax income	6.8	6.5	5.0	+5.3%	+37.7%
Income tax	1.4	1.5	0.7	-9.2%	+85.4%
Effective tax rate	20.3%	23.6%	15.1%
Net income	5.4	5.0	4.2	+9.8%	+29.2%
Net margin	19.6%	18.6%	18.3%
Diluted EPS	$0.35	$0.34	$0.29	+2.9%	+20.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	12.7	10.6	10.2	+19.1%	+24.6%
Capital expenditure	0.1	0.1	0.2	-9.5%	-49.2%
Free cash flow	12.6	10.5	10.0	+19.4%	+25.9%
Free cash flow margin	45.3%	39.4%	43.3%
Cash from investing	-103	-3.5	-2.9
Cash from financing	108	-0.7	-0.8
Depreciation and amortisation	2.8	2.8	2.7	+1.8%	+4.8%
Share-based compensation	2.1	2.2	1.7	-7.0%	+21.9%
Buybacks	0.0	0.4	0.7
Dividends paid	0.0	0.0	0.0
Diluted shares, weighted	16m	14m	15m	+8.9%	+7.8%
Shares outstanding at period end	16m	14m	14m	+13.7%	+14.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	228	112	102	+103.9%	+123.7%
Debt	0.0	0.0	0.0
Operating lease liabilities	2.1	2.2	2.5	-6.3%	-15.4%
Other liabilities	8.3	6.5	7.9	+27.4%	+5.4%
Total liabilities and equity	238	120	112	+97.7%	+112.3%
Fixed assets	0.9	0.9	0.8	+1.3%	+12.4%
Goodwill	5.2	5.2	5.2	0.0%	0.0%
Intangible assets	43.1	41.2	38.7	+4.6%	+11.2%
Investments	97.6	n/a	n/a
Cash and equivalents	68.1	50.0	45.4	+36.2%	+50.1%
Receivables	13.6	12.9	10.4	+5.6%	+30.8%
Other assets	9.4	10.1	11.5	-6.9%	-18.0%
Total assets	238	120	112	+97.7%	+112.3%

Questions

What was Red Violet's revenue in Q3 FY2026?

Red Violet (RDVT) reported revenue of $28 million for Q3 FY2026, the quarter ended 30 September 2026, up 20.2% on the same quarter a year earlier.

How much did Red Violet earn in Q3 FY2026?

Net income for Q3 FY2026 was $5 million, up 29.2% on the year, and diluted earnings per share $0.35.

When did Red Violet report Q3 FY2026 results?

Red Violet filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	11.3	12.7	12.5	15.0	13.1	14.6	14.7	15.8	15.1	17.5	19.1	19.1	19.6	22.0	21.8	23.1	23.4	25.8	26.7	27.8
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3.5	3.3	n/a	3.7	3.5	3.6	3.9	3.8	3.8	4.0
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	15.6	15.7	n/a	18.3	18.3	19.5	19.5	22.0	22.9	23.7
Gross margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	82%	83%	n/a	83%	84%	84%	83%	85%	86%	86%
Operating income	-1.6	0.3	-0.2	2.2	-1.9	0.4	1.2	1.8	-0.9	2.0	3.1	2.5	0.4	4.2	2.8	4.6	1.6	5.4	6.1	5.8
Operating margin	-14%	2%	-1%	14%	-15%	3%	8%	11%	-6%	11%	16%	13%	2%	19%	13%	20%	7%	21%	23%	21%
Interest expense	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	-1.6	0.3	-0.2	2.3	-1.7	0.7	1.5	2.1	-0.5	2.3	3.4	2.9	0.7	4.5	3.1	5.0	2.0	5.8	6.5	6.8
Tax rate	n/a	62%	n/a	1%	n/a	-4%	10%	-492%	n/a	24%	22%	40%	-17%	24%	13%	15%	-42%	24%	24%	20%
Net income	-1.8	0.1	-0.2	2.3	-1.5	0.7	1.4	12.5	-1.1	1.8	2.6	1.7	0.9	3.4	2.7	4.2	2.8	4.4	5.0	5.4
Net margin	-16%	1%	-2%	15%	-12%	5%	9%	79%	-7%	10%	14%	9%	4%	16%	12%	18%	12%	17%	19%	20%
Diluted EPS	-$0.12	$0.01	-$0.01	$0.16	-$0.12	$0.05	$0.10	$0.87	-$0.08	$0.13	$0.19	$0.12	$0.06	$0.24	$0.18	$0.29	$0.19	$0.30	$0.34	$0.35
Operating cash flow	2.0	2.4	2.5	3.1	4.4	1.5	3.5	5.8	4.2	4.3	5.7	7.2	6.7	5.0	7.5	10.2	6.7	6.6	10.6	12.7
Capital expenditure	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.1	0.2	0.2	0.1	0.1	0.1	0.1
Free cash flow	1.9	2.3	2.4	3.1	4.3	1.5	3.5	5.7	4.2	4.2	5.7	7.2	6.7	5.0	7.3	10.0	6.6	6.5	10.5	12.6
Buybacks	n/a	0.0	0.0	0.4	0.5	0.2	0.7	0.3	2.5	1.4	4.4	0.0	0.0	0.0	0.0	0.7	0.3	2.7	0.4	0.0
Dividends paid	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	0.0	4.2	0.0	0.0	0.0	0.0	0.0	0.0
Shares outstanding	13m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	14m	16m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.