Red Violet (NASDAQ: RDVT) outlined its growth trajectory at the 17th Annual Midwest IDEAS Conference on August 27, 2026, emphasizing a shift toward higher-value identity and data services. The company, which traces its roots to Seisint (founded in the late 1990s) and TLO (established post-Seisint sale), reported a $115 million all-equity capital raise completed without warrants and described as heavily oversubscribed.
The firm’s stock has gained roughly 60% over the past six months, trading near its 52-week high of $74.20 at $71.25, with a market capitalization of $1.14 billion. Revenue reached $99 million in the last twelve months, supported by contractual agreements covering about 80% of its base, primarily 12-month contracts with auto-renewal provisions. Gross profit margins stand at 84.7%, with expectations to approach 90% at scale as revenue approaches $100 million. Adjusted EBITDA margins are targeted at 60% to 65%, while adjusted EBIT is projected to reach about 40% at the $100 million revenue mark.
Red Violet’s identity graph spans 75 years of longitudinal data covering the adult U.S. population, underpinned by proprietary IRON technology built in C++ and translated from large language models. The company holds SOC 2 Type 2, PCI Level 1, and ISO 27001 certifications, serving over 10,000 customers, including more than 120 generating annual revenues exceeding $100,000—up from 90 in the prior year and 70 two years ago.
The firm operates across five verticals: collections (avoiding per-call fines of up to $10,000), investigative services (supporting roughly 1,000 of 15,000 to 17,000 U.S. law enforcement agencies), financial and corporate risk (including KYC and background screening), real estate and new markets (serving over 600 of 1,100–1,200 real estate associations), and identity orchestration (powering seven of the top 10 identity players). Its sales team of about 60 personnel is organized by vertical, with 40 inside sales and 20 outside sales staff.
Senior Vice President of Finance and Head of Investor Relations Camilo Ramirez highlighted the company’s focus on identity solutions, stating, 'We like to say we are all things identity.' The firm’s total addressable market is estimated at $10 billion, with data costs comprising about 40% of total expenses, tied to a single vendor relationship renewed for five years at flat pricing.
