Red Violet, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 4, 2026, disclosing revenue growth, a completed public equity offering, and new investment positions.

Key Highlights

  • Revenue of $27,751 thousand for the three months ended September 30, 2026, up from $23,083 thousand in the same period of 2025, according to the filing.
  • Net income of $5,445 thousand for Q3 2026, compared with $4,213 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Public offering completed in Q3 2026: 1,916,667 shares of common stock were issued in an underwritten public offering, net of issuance costs of $6,295 thousand, generating net proceeds of $108,705 thousand.
  • Cash and cash equivalents of $68,058 thousand as of September 30, 2026, versus $43,557 thousand at December 31, 2025, with an additional $36,286 thousand in short-term investments and $61,320 thousand in long-term investments newly reported.
  • Total assets reached $237,948 thousand at September 30, 2026, compared with $112,012 thousand at December 31, 2025.
  • Shares outstanding of 16,051,137 as of October 30, 2026, up from 14,151,350 at December 31, 2025, reflecting the public offering.
  • Nine-month net income of $14,793 thousand for the period ended September 30, 2026, versus $10,339 thousand for the same period in 2025.

Red Violet's Q3 2026 Financial Results and Public Equity Offering

According to the filing, Red Violet, Inc. (NASDAQ:RDVT) reported revenue of $27,751 thousand for the three months ended September 30, 2026, a 20.2% increase compared with $23,083 thousand in the prior-year quarter. For the nine months ended September 30, 2026, the company reported revenue of $80,299 thousand, up from $66,860 thousand in the nine months ended September 30, 2025. Income from operations for the third quarter was $5,765 thousand, compared with $4,576 thousand in Q3 2025. Interest income rose to $1,069 thousand in Q3 2026 from $386 thousand in Q3 2025, which the filing reflects in part from new investment holdings.

The most significant balance sheet change disclosed in the filing was the completion of an underwritten public offering during the third quarter of 2026. The company issued 1,916,667 shares of common stock, generating net proceeds of $108,705 thousand after issuance costs of $6,295 thousand. As of September 30, 2026, total shareholders' equity stood at $227,567 thousand, with additional paid-in capital of $200,826 thousand and retained earnings of $27,077 thousand. The filing also noted an accumulated other comprehensive loss of $352 thousand, reflecting an unrealized loss on investments in U.S. Treasury securities, net of tax, recorded in Q3 2026.

The company reported short-term investments of $36,286 thousand and long-term investments of $61,320 thousand as of September 30, 2026, both of which were zero at December 31, 2025. Total assets were $237,948 thousand at the end of Q3 2026 versus $112,012 thousand at year-end 2025. Diluted earnings per share for the three months ended September 30, 2026 were $0.35, compared with $0.29 for the same period in 2025. For the nine-month period, diluted EPS was $0.99 versus $0.71 in 2025.

What Was Disclosed

Red Violet filed its Form 10-Q for the quarter ended September 30, 2026, disclosing revenue, earnings, and balance sheet data alongside a completed 1,916,667-share public offering that added $108,705 thousand in net proceeds and significantly expanded total assets and cash positions.