Red Violet Inc. (RDVT) shares advanced to a record $74.51 on Wednesday, extending a multi-month rally that has pushed the stock up 66% since mid-year.
The company’s second-quarter 2026 results exceeded Wall Street expectations, with adjusted earnings of $0.50 per share, well above the $0.3332 estimate. Revenue totaled $26.72 million, surpassing the $24.81 million forecast. InvestingPro data indicates the stock is trading just 1% below its 52-week high of $74.20.
The company also reported record levels in adjusted EBITDA, cash flow, and customer additions, reinforcing its growth trajectory. Over the past year, RDVT shares have gained 47.39%, while gross profit margins remain robust at 85%. Revenue rose 23% from the prior-year period.
InvestingPro analysis suggests the stock may be overvalued at current levels, despite the strong fundamentals. The firm’s Piotroski Score stands at 9, indicating strong financial health.
Additional insights on Red Violet are available through InvestingPro’s Pro Research Report, which includes 15 exclusive tips for subscribers.
