Filing Flows › Red Violet (RDVT) › Q1 2025
Red Violet (RDVT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Red Violet (RDVT) reported revenue of $22.0M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +12% from the quarter before. Operating margin was 19.1%, net earnings $3.4M (15.6% of revenue).
Red Violet, Q1 2025: revenue $22.0M (+26% year over year), operating margin 19.1%, net earnings $3.4M, operating cash flow $5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.0M | +12% | +26% |
| Operating profit | $4.2M | 11× | +112% |
| Net earnings | $3.4M | +299% | +93% |
| Operating cash flow | $5.0M | -25% | +16% |
| Free cash flow | $5.0M | -26% | +17% |
What changed
Revenue was $22.0M in Q1 2025, up 26% year over year and up 12% from the previous quarter.
Operating profit was $4.2M, a 19.1% margin (up 7.8 points year over year). Of the extra revenue versus a year earlier, 50% reached operating profit, above the 11% margin then. Total costs grew 15% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+46%). Net earnings were $3.4M, up 93% year over year. The effective tax rate was 23.9%.
Operating cash flow was $5.0M (up 16% year over year), 145% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $50K left free cash flow of $5.0M.
Questions
What was Red Violet's revenue in the first quarter 2025?
Red Violet (RDVT) reported revenue of $22.0M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +12% from the quarter before.
Was Red Violet profitable in the first quarter 2025?
Operating profit was $4.2M (19.1% of revenue) and net earnings $3.4M.
Source: Red Violet 10-Q on SEC EDGAR.