Red Violet (RDVT) outlined a growth push at the 17th Annual Midwest IDEAS Conference on August 27, 2026, highlighting a $115 million all-equity capital raise, $99 million in trailing twelve-month revenue, and a 60% stock return over the past six months. The company, which trades near $71.25 and has a $1.14 billion market capitalization, also reported 84.7% gross profit margins and a target of 60%-65% adjusted EBITDA margins at maturity.
Camilo Ramirez, Senior Vice President of Finance and Head of Investor Relations, emphasized the company’s identity-focused strategy, stating, "We like to say we are all things identity." Red Violet operates across five verticals—collections, investigative services, financial and corporate risk, emerging markets, and real estate—with about 80% of revenue derived from 12-month contracts featuring auto-renewal terms. The company serves just over 10,000 total customers, including more than 120 generating over $100,000 annually, up from 90 the prior year and 70 two years ago.
The firm’s identity orchestration platform powers seven of the top 10 identity players, including Prove, Jumio, Ekata (owned by Mastercard), and ID.me. Red Violet also provides investigative services to roughly 1,000 of the 15,000 to 17,000 law enforcement agencies in the U.S., representing 6% to 7% market penetration. In real estate, its FOREWARN service covers more than 600 of the approximately 1,100 to 1,200 U.S. real estate associations, exceeding 50% penetration. The company recently expanded FOREWARN into home healthcare, a sector with about 4 million providers and 12,000 Medicare-certified practices.
Red Violet’s technology is built on a proprietary cloud-native architecture using the IRON language in C++, designed to fuse and resolve identity data. The platform maintains a 75-year longitudinal identity graph on the adult U.S. population and holds security certifications including SOC 2 Type 2, PCI Level 1, and ISO 27001. Data costs account for about 40% of total expenses, while the company targets gross margins of 80% at $100 million revenue and expects to exceed 90% at maturity. Adjusted EBIT at $100 million revenue is projected at about 40%.
The company’s management team has nearly three decades of combined experience in identity data, with prior ventures including Seisint (sold to LexisNexis for about $750 million) and TLO (sold to TransUnion for just under $200 million). Red Violet was founded around 2014 and has since grown to serve a total addressable market estimated at $10 billion.
