Red Violet (RDVT) Registration Filing summary

Company overview and business model

• Delivers identity intelligence solutions using proprietary technology and analytics, primarily through the CORE™ platform, serving both public and private sectors for identity verification, risk mitigation, fraud prevention, and compliance.

• Revenue is generated mainly from licensing solutions accessed via hosted environments, APIs, and integrations, with a focus on annual or longer pricing contracts and a "land and expand" sales approach.

• Key brands include IDI™ (analytics for diverse industries) and FOREWARN® (real estate risk mitigation), with growing customer and user bases year-over-year.

Financial performance and metrics

• As of November 17, 2025, market value held by non-affiliates was approximately $699.5 million, with 14,088,231 shares of common stock outstanding.

• Majority of revenue (75–79%) is from customers with pricing contracts, with the remainder from transactional customers.

• IDI had 9,853 billable customers and FOREWARN had 372,209 users as of September 30, 2025, both showing significant growth over the prior year.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital expenditures, repurchases/redemptions, and potential acquisitions or business expansion.

• Pending application, proceeds may be invested in short-term, interest-bearing instruments or investment-grade securities.