Red Violet's Strong Execution Keeps Me Interested, But Its Fundamentals Keep Me Away
Red Violet, Inc. is transitioning from a niche data analytics provider to a notable player in the AI sector. The company reported a 17% year-over-year revenue increase in Q1 2026, reaching $25.83 million. Despite strong execution, concerns about its fundamentals may deter some investors.
- ▪Red Violet's annualized revenue run rate has surpassed $100 million.
- ▪In Q1 2026, the company achieved a revenue of $25.83 million, marking a 17% increase compared to the previous year.
- ▪75% of Red Violet's revenue comes from recurring, contractual sources, with a gross revenue retention rate of 95%.
- ▪The number of billable customers grew to 10,422 in Q1 2026, indicating a trend of double-digit annual growth.
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