Red Violet, Inc.
Red Violet, Inc. is a U.S.-based software company that develops cloud-native identity intelligence tools for enterprise and public-sector workflows. Its CORE platform combines proprietary data, AI, and machine learning to help organizations identify people, businesses, assets, and relationships in real time.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCloud-native identity intelligence software for enterprise workflows and analytics.
Tools that identify people, businesses, assets, and relationships in real time.
Products used for fraud detection, prevention, and risk mitigation.
Safety, screening, and investigative tools delivered to end users.
Customers
Customers include organizations that need to verify identities, screen counterparties, and reduce fraud or compliance risk. The company serves both enterprise users and smaller organizations through direct sales, strategic sales, and channel partners, with use cases spanning regulated and mission-critical workflows.
Buy CORE to support identity verification, due diligence, and regulatory workflows.
Use the platform to detect suspicious identities, relationships, and activity.
Buy FOREWARN and related tools for real-time screening and safety use cases.
Distribute the company’s solutions into industries it does not serve directly.
Strategy
The company’s strategy is to deepen its proprietary data assets and improve identity resolution through AI and machine learning. It also expands through inside sales, strategic sales, and partner channels, using a land-and-expand model to increase adoption across departments and use cases.
Better identity resolution and analytics improve customer reliance and product differentiation.
Broader distribution helps penetrate new industries and larger accounts.
Land-and-expand adoption can raise retention and deepen workflow integration.
Geography
Red Violet is headquartered in the United States and its business is primarily tied to U.S. customers and data sources. The reports emphasize U.S. data and analytics markets, with operations and commercial exposure concentrated in domestic regulated and mission-critical use cases.
Risks
The business depends on technical performance, proprietary data access, and continued customer adoption in a competitive data-and-analytics market. It also faces supplier concentration, customer concentration, and intellectual property risks that can affect service continuity, pricing, and renewal outcomes.
- Product defects or security vulnerabilitiesImpact: HighLikelihood: Medium
The platform is technical and complex, so undetected errors can cause customer loss or claims.
Exposure: CORE and related software services
- Technology obsolescenceImpact: HighLikelihood: Medium
The data and analytics sector evolves quickly, requiring ongoing product innovation.
Exposure: Identity intelligence platform
- Supplier concentrationImpact: HighLikelihood: Low
A large share of data acquisition costs comes from a key supplier, limiting sourcing flexibility.
Exposure: Data licensing and content access
- Competitive pricing pressureImpact: MediumLikelihood: Medium
Data and analytics competitors can undercut pricing or bundle broader offerings.
Exposure: U.S. software and analytics market
- Customer concentration and churnImpact: MediumLikelihood: Low
Major customers can reduce usage or terminate relationships, affecting recurring transaction revenue.
Exposure: Enterprise and partner accounts
Accounting
Judgemental itemsDifferent contract types can shift when revenue is recorded and how recurring revenue is measured.
Impact: Transactional and minimum-commitment arrangements
Customer credit quality affects receivable collectability and earnings.
Impact: Accounts receivable valuation
Recoverability depends on future cash flows and can create impairment charges.
Impact: Balance sheet carrying values
Development and acquisition costs are amortized over useful lives, affecting expense timing.
Impact: Operating expense and gross profit
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Last updated: 24/09/2026