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.

26,4 %

14,6 %

+20,0 %

7.18

— Red Violet, Inc.
	%
CORE platform	55% Cloud-native identity intelligence software for enterprise workflows and analytics.
Identity verification and resolution	20% Tools that identify people, businesses, assets, and relationships in real time.
Risk and fraud solutions	15% Products used for fraud detection, prevention, and risk mitigation.
FOREWARN and related user services	10% Safety, screening, and investigative tools delivered to end users.

Customers include organizations that need to verify identities, screen counterparties, and reduce fraud or compliance...

Enterprise risk and compliance teamsprimary
Buy CORE to support identity verification, due diligence, and regulatory workflows.
Fraud prevention and security usersprimary
Use the platform to detect suspicious identities, relationships, and activity.
Investigative and screening userssecondary
Buy FOREWARN and related tools for real-time screening and safety use cases.
Channel partners and resellerssecondary
Distribute the company’s solutions into industries it does not serve directly.

Red Violet is headquartered in the United States and its business is primarily tied to U.S. customers and data sources...

•Headquartered in the United States
•Primary market is the U.S. data and analytics sector
•Relies on U.S.-centric public, proprietary, and commercial data sources
•Channel partners help reach industries not served directly
•Geographic expansion is tied to customer workflows, not physical footprint

The company’s strategy is to deepen its proprietary data assets and improve identity resolution through AI and machine...

Strengthen the CORE platformmedium-term

Better identity resolution and analytics improve customer reliance and product differentiation.

Expand channel and direct sales reachshort-term

Broader distribution helps penetrate new industries and larger accounts.

Increase customer usage within accountsmedium-term

Land-and-expand adoption can raise retention and deepen workflow integration.

The business depends on technical performance, proprietary data access, and continued customer adoption in a...

high

Product defects or security vulnerabilities

The platform is technical and complex, so undetected errors can cause customer loss or claims.

Scope: CORE and related software services
Materiality: high

high

Technology obsolescence

The data and analytics sector evolves quickly, requiring ongoing product innovation.

Scope: Identity intelligence platform
Materiality: high

high

Supplier concentration

A large share of data acquisition costs comes from a key supplier, limiting sourcing flexibility.

Scope: Data licensing and content access
Materiality: high

medium

Customer concentration and churn

Major customers can reduce usage or terminate relationships, affecting recurring transaction revenue.

Scope: Enterprise and partner accounts
Materiality: high

medium

Competitive pricing pressure

Data and analytics competitors can undercut pricing or bundle broader offerings.

Scope: U.S. software and analytics market
Materiality: medium

Revenue recognition

Transactional and minimum-commitment arrangements

Allowance for doubtful accounts

Accounts receivable valuation

Goodwill and intangible assets

Balance sheet carrying values

Capitalized software and data assets

Operating expense and gross profit

Red Violet, Inc.

Product defects or security vulnerabilities

Technology obsolescence

Supplier concentration

Customer concentration and churn

Competitive pricing pressure

DYADIC INTERNATIONAL INC

REDWOOD TRUST INC

Cal Redwood Acquisition Corp.

Regenerative Medical Technology Group Inc.

RPC INC

Rezolute, Inc.