Red Violet reports record Q2 2026 revenue of $26.7 million, up 23%
Red Violet reported second quarter 2026 results on August 10, 2026, with revenue up 23% to $26.7 million, net income up 85% to $5.0 million, and diluted EPS of $0.34 versus $0.18 a year earlier. The company also disclosed a August 2026 public offering of 1,916,667 shares with net proceeds of about $109.0 million, which lifts cash well above the $50.0 million reported at June 30, 2026.
Key points
- Revenue rose 23% to $26.7 million; gross margin rose to 76% from 72%.
- Net income rose 85% to $5.0 million; diluted EPS was $0.34 versus $0.18 a year earlier.
- Adjusted EBITDA rose 48% to $11.2 million; net cash from operations rose 42% to $10.6 million.
- August 2026 offering of 1,916,667 shares provided net proceeds of about $109.0 million for working capital and potential acquisitions.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.