Red Violet, Inc. Form 8-K Summary
Business Context and Reporting Period
Red Violet, Inc. (RDVT) filed a Current Report on Form 8-K on August 5, 2026, to disclose estimated preliminary financial results for the three months ended June 30, 2026. The company is incorporated in Delaware and trades on the NASDAQ Stock Market. These results are unaudited, preliminary, and subject to change upon completion of the company's financial closing procedures.
Key Financial Metrics
| Metric | Value (in thousands) | Margin/Note |
|---|---|---|
| Revenue | $26,710 | - |
| Net Income | $4,960 | 19% Net Income Margin |
| Adjusted EBITDA | $11,220 | 42% Adjusted EBITDA Margin |
| Interest Income | ($390) | Excluded from Adjusted EBITDA |
| Income Tax Expense | $1,520 | Excluded from Adjusted EBITDA |
| Depreciation and Amortization | $2,780 | Excluded from Adjusted EBITDA |
| Share-Based Compensation | $2,230 | Excluded from Adjusted EBITDA |
| Acquisition-Related Costs | $40 | Excluded from Adjusted EBITDA |
| Litigation Costs | $80 | Excluded from Adjusted EBITDA |
Note: The filing does not provide specific data on cash flow, debt levels, or liquidity ratios for this period.
Material Changes and Comparisons
The filing text does not provide comparative financial data for the prior year or quarter. Consequently, material changes versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
The company provided no specific forward-looking guidance or outlook for future periods beyond the preliminary results. Management cautioned that these estimates are not a substitute for full GAAP financial statements and are not necessarily indicative of future results. The filing references "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the company's Form 10-K for the year ended December 31, 2025, as sources for potential risks and uncertainties. The results have not been audited or reviewed by the company's independent registered public accounting firm, Grant Thornton LLP.
Key Facts for Investor Verification
- Preliminary Nature: Verify the final audited results in the upcoming Form 10-Q, as actual figures may vary from these estimates.
- Non-GAAP Reconciliation: Confirm the specific adjustments made to reach Adjusted EBITDA, particularly the $2,230 in share-based compensation and $2,780 in depreciation/amortization.
- Historical Context: Review the Form 10-K filed on March 4, 2026, to compare these results against prior periods and understand referenced risk factors.
- Liquidity and Debt: Investigate the company's balance sheet in the next periodic filing, as debt and liquidity metrics are not disclosed in this 8-K.