Red Violet, Inc. (RDVT) SEC Filings & Earnings Calls

Equity dilution from recent offering may pressure EPS growth.

“Underwritten public offering of 1,916,667 shares, net proceeds ~$109M”

Customer concentration in data supplier

“Our largest data supplier accounted for 46% of our total data acquisition costs for each of the three months ended June 30, 2026 and 2025.”

Macroeconomic sensitivity

“Elevated interest rates implemented to curb inflation may reduce demand for credit, which could in turn lead to lower usage of our services by customers in the banking, financial services, and adjacent industries.” · word for word

Dilution from equity offering

“Issuance of 1,916,667 shares of common stock.”

Preliminary results subject to change; financial closing procedures not complete.

“These estimates are preliminary and subject to change.”

Loss of activist pressure / potential selling overhang

“On June 1, 2026, Messrs. Dubner, MacLachlan and Reilly each sold 12,000 shares of Common Stock in the open market to third parties, at a weighted average price of $57.43, and Mr. Dell sold 10,000 shares of Common Stock in the open market to third parties, at a weighted average price of $57.44” · word for word

Loss of activist pressure / potential selling overhang

“On June 1, 2026, Messrs. Dubner, MacLachlan and Reilly each sold 12,000 shares of Common Stock in the open market to third parties, at a weighted average price of $57.43, and Mr. Dell sold 10,000 shares of Common Stock in the open market to third parties, at a weighted average price of $57.44” · word for word

No material risks identified in this earnings release; company is performing well.

“All key metrics show improvement; no adverse disclosures.”

Customer concentration risk

“our largest data supplier, which accounted for 46% and 43% of our total data acquisition costs for the three months ended March 31, 2026 and 2025, respectively.” · word for word

Macroeconomic uncertainty impact on demand

“macroeconomic uncertainty and higher interest rates have continued to influence business sentiment and spending patterns in certain sectors.” · word for word

Competition

“Standard risk factor language.”

Dependence on key personnel

“Employment agreements with key executives highlight dependence.”

No material risk signals identified; strong financial performance and cash position.

“All metrics show improvement; no negative commentary or risk factors highlighted.”

Supplier concentration risk

“Our largest data supplier ... accounted for approximately 45% of our total data acquisition costs both for the years ended December 31, 2025 and 2024. ... If we are unable to maintain our relationship with our largest data supplier, our ability to provide products and services could be negatively impacted.”

Regulatory and privacy risk

“Our business is subject to various federal, state, and local laws, rules, and regulations, including, without limitation, the Gramm-Leach-Bliley Act ... the Driver's Privacy Protection Act ... and the Federal Trade Commission Act. ... A change in any one of a number of the laws, rules, or regulations applicable to our business ... could have a material adver” · word for word

Cybersecurity risk

“If an actual or perceived breach of network security occurs, regardless of whether the breach is attributable to our network security controls, the market perception of the effectiveness of our network security could be harmed resulting in loss of current and potential end user customers, data suppliers, or cause us to lose potential value-added resellers, d” · word for word

Concentration in real estate vertical through FOREWARN (REALTOR associations)

“Over 590 REALTOR Associations throughout the U.S. are now contracted to use FOREWARN” · word for word

Customer concentration in largest data supplier

“Our largest data supplier accounted for 46% and 48% of our total data acquisition costs for the three months ended September 30, 2025 and 2024, respectively.”

Inflation and interest rate sensitivity

“Persistent inflationary pressures throughout 2024 and into the nine months ended September 30, 2025 have contributed to a more challenging macroeconomic environment, increasing recessionary concerns and prompting some businesses to moderate discretionary spending.” · word for word