Red Violet
RDVT on Nasdaq. Red Violet sells identity data and software to businesses and government agencies. Market value $1.3bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.69 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 65 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.
$78.02 a share, 134% above its 1-year low
Over the past year the price has ranged from $33.40 to $81.79.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $44m | $53m | $60m | $75m | $90m |
| Operating margin | |||||
| Operating margin | -3.0% | 0.7% | 4.2% | 10.5% | 14.6% |
| Debt to equity | |||||
| Debt to equity | 0.00 | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.01bn | 0.02bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)7 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 21.1% a year
- Buying back its own sharesNo, 15% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $27 million last quarter, up 23% on a year ago.
- Profit: $5 million, up 85% on a year ago.
- It keeps 18 cents of each $1 of sales as operating profit, up from 12 cents a year earlier.
- Spare cash over the past 12 months: $21 million, up from $16 million.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $19m |
| December 2024 | $20m |
| March 2025 | $22m |
| June 2025 | $22m |
| September 2025 | $23m |
| December 2025 | $23m |
| March 2026 | $26m |
| June 2026 | $27m |
| Quarter to | Amount |
|---|---|
| September 2024 | $2m |
| December 2024 | $863,000 |
| March 2025 | $3m |
| June 2025 | $3m |
| September 2025 | $4m |
| December 2025 | $3m |
| March 2026 | $4m |
| June 2026 | $5m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 4 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
1 long-term investor we follow owns it, up from 0 last quarter. 173 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $732,910 | <0.1% | New |
Largest holders overall
- BlackRock$61mAdded
- Wasatch Advisors LP$57mCut
- Trigran Investments$38m
- Ashford Capital Management$37mCut
- Vanguard Capital Management$33mAdded
- Ophir Asset Management Pty$32mCut
- Vanguard Portfolio Management$23mAdded
- Royal Bank of Canada$22mAdded
- Geode Capital Management$20mAdded
- State Street$19mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- WASATCH ADVISORS LPPassive investor6.1%Since 31 March 2025
- BlackRock, Inc.Passive investor5.6%Since 31 March 2025
- Trigran Investments, Inc.Passive investorat least 4.5%−4.2 pts(filed with 5 related holders)Since 30 June 2025
- Dubner DerekInsider or founderat least 3.6%−0.1 pts(filed with 3 related holders)Since 1 June 2026
What they said
Item 4 is hereby amended to add the following: As described in Item 2, on June 1, 2026, the Reporting Persons mutually agreed to dissolve and terminate their informal oral agreement to act as a "group" for purposes of Regulation 13D solely with respect to the Common Stock of the…
Read the filing - ASHFORD CAPITAL MANAGEMENT INCPassive investorSold down below 5%Since 31 March 2025
- MacLachlan DanielInsider or founderSold down below 5%Since 9 May 2025
What they said
The Reporting Persons mutually agreed that (i) Messrs. Dubner, MacLachlan and Reilly would each sell 10,000 shares of Common Stock and (ii) Mr. Dell would sell 5,000 shares of Common Stock on the same date and for the same price, for an aggregate amount of 35,000 shares of…
Read the filing - The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
WASATCH ADVISORS LP Passive investor | 6.1% | 31 March 2025 | |
BlackRock, Inc. Passive investor | 5.6% | 31 March 2025 | |
Trigran Investments, Inc. Passive investor | at least 4.5%−4.2 pts (filed with 5 related holders) | 30 June 2025 | |
Dubner Derek Insider or founder | at least 3.6%−0.1 pts (filed with 3 related holders) | 1 June 2026 | What they saidItem 4 is hereby amended to add the following: As described in Item 2, on June 1, 2026, the Reporting Persons mutually agreed to dissolve and terminate their informal oral agreement to act as a "group" for purposes of Regulation 13D solely with respect to the Common Stock of the… Read the filing |
ASHFORD CAPITAL MANAGEMENT INC Passive investor | Sold down below 5% | 31 March 2025 | |
MacLachlan Daniel Insider or founder | Sold down below 5% | 9 May 2025 | What they saidThe Reporting Persons mutually agreed that (i) Messrs. Dubner, MacLachlan and Reilly would each sell 10,000 shares of Common Stock and (ii) Mr. Dell would sell 5,000 shares of Common Stock on the same date and for the same price, for an aggregate amount of 35,000 shares of… Read the filing |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $142,980 of shares on the open market. 4 sold $6m.
- LIVEK WILLIAM PAULDirectorBought
- Date
- 27 August 2026
- Shares
- 2,000
- Price
- $71.49
- Value
- $142,980
- DELL JEFFREY ALANChief Information OfficerSold
- Date
- 1 June 2026
- Shares
- 10,000
- Price
- $57.44
- Value
- $574,350
- Dubner DerekChief Executive Officer, DirectorSold
- Date
- 1 June 2026
- Shares
- 12,000
- Price
- $57.43
- Value
- $689,160
- MacLachlan DanielChief Financial OfficerSold
- Date
- 1 June 2026
- Shares
- 12,000
- Price
- $57.43
- Value
- $689,160
- Reilly James PatrickPresidentSold
- Date
- 1 June 2026
- Shares
- 12,000
- Price
- $57.43
- Value
- $689,160
- DELL JEFFREY ALANChief Information OfficerSold
- Date
- 13 November 2025
- Shares
- 1,140
- Price
- $56.95
- Value
- $64,923
- Dubner DerekChief Executive Officer, DirectorSold
- Date
- 13 November 2025
- Shares
- 1,711
- Price
- $56.95
- Value
- $97,435
- MacLachlan DanielChief Financial OfficerSold
- Date
- 13 November 2025
- Shares
- 1,711
- Price
- $56.95
- Value
- $97,438
- Reilly James PatrickPresidentSold
- Date
- 13 November 2025
- Shares
- 1,711
- Price
- $56.95
- Value
- $97,439
- DELL JEFFREY ALANChief Information OfficerSold
- Date
- 12 November 2025
- Shares
- 2,733
- Price
- $57.85
- Value
- $158,097
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 27 August 2026 | LIVEK WILLIAM PAUL Director | Bought | 2,000 | $71.49 | $142,980 |
| 1 June 2026 | DELL JEFFREY ALAN Chief Information Officer | Sold | 10,000 | $57.44 | $574,350 |
| 1 June 2026 | Dubner Derek Chief Executive Officer, Director | Sold | 12,000 | $57.43 | $689,160 |
| 1 June 2026 | MacLachlan Daniel Chief Financial Officer | Sold | 12,000 | $57.43 | $689,160 |
| 1 June 2026 | Reilly James Patrick President | Sold | 12,000 | $57.43 | $689,160 |
| 13 November 2025 | DELL JEFFREY ALAN Chief Information Officer | Sold | 1,140 | $56.95 | $64,923 |
| 13 November 2025 | Dubner Derek Chief Executive Officer, Director | Sold | 1,711 | $56.95 | $97,435 |
| 13 November 2025 | MacLachlan Daniel Chief Financial Officer | Sold | 1,711 | $56.95 | $97,438 |
| 13 November 2025 | Reilly James Patrick President | Sold | 1,711 | $56.95 | $97,439 |
| 12 November 2025 | DELL JEFFREY ALAN Chief Information Officer | Sold | 2,733 | $57.85 | $158,097 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 4 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.