Red Violet Inc 2026年季度报告

For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromto Commission file number 001-38407 RED VIOLET, INC. (Exact Name of Registrant as Specified in Its Charter) 82-2408531 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.☒YES☐NO Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).☒YES☐NO Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):YES☐NO☒ As of April 30, 2026, the registrant had 14,108,921 shares of common stock outstanding. RED VIOLET, INC.TABLE OF CONTENTS FOR FORM 10-Q PART I - FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Condensed consolidated balance sheets as of March 31, 2026 and December 31, 20251Condensed consolidated statements of operations for the three months ended March 31, 2026 and 20252Condensed consolidated statements of changes in shareholders' equity for the three months ended March 31,2026 and 20253Condensed consolidated statements of cash flows for the three months ended March 31, 2026 and 20254Notes to condensed consolidated financial statements5Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations13Item 3.Quantitative and Qualitative Disclosures About Market Risk21Item 4.Controls and Procedures21 PART II - OTHER INFORMATION Item 1.Legal Proceedings23Item 1A.Risk Factors23Item 2.Unregistered Sales of Equity Securities and Use of Proceeds23Item 3.Defaults Upon Senior Securities23Item 4.Mine Safety Disclosures23Item 5.Other Information24Item 6.Exhibits24 PART I - FINANCIAL INFORMATION Unless otherwise indicated or required by the context, all references in this Quarterly Report on Form 10-Q to “we,” “us,” “our,”“red violet,” or the “Company,” refer to Red Violet, Inc. and its consolidated subsidiaries. Item 1. Financial Statements. RED VIOLET, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share data)(unaudited) RED VIOLET, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in thousands, except share data)(unaudited) Three Months Ended March 31,20262025Revenue$25,830$22,003Costs and expenses:Cost of revenue (exclusive of depreciation and amortization)3,8193,661Sales and marketing expenses5,8585,407General and administrative expenses7,8996,174Depreciation and amortization2,8102,550Total costs and expenses20,38617,792Income from operations5,4444,211Interest income344308Income before income taxes5,7884,519Income tax expense1,4001,079Net income$4,388$3,440Earnings per share:Basic$0.31$0.25Diluted$0.30$0.24Weighted average shares outstanding:Basic14,194,69613,998,028Diluted14,394,25114,491,713 RED VIOLET, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands)(unaudited) RED VIOLET, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Amounts in thousands, except share data)(unaudited) 1. Summary of significant accounting policies (a) Basis of preparation The accompanying unaudited condensed consolidated financial statements of Red Violet, Inc., a Delaware corporation, and itsconsolidated subsidiaries (collectively, “red violet” or the “Company”), have been prepared in accordance with accountingprinciples generally accepted in the United States (“US GAAP”) and applicable rules and regulations of the Securities andExchange Commission (the “SEC”) regarding interim financial reporting. Certain information and note disclosures normallyincluded in annual financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to thoserules and regulations. The a