Red Violet Inc., a leading analytics and information solutions provider, announced its financial results for the second quarter ending June 30, 2025. The company reported a 14% increase in total revenue, reaching $21.8 million. Gross profit rose 18% to $15.7 million, with the gross margin improving to 72% from the previous 70%. Adjusted gross profit saw a 17% increase, amounting to $18.2 million, and the adjusted gross margin rose to 84% from 82%. Net income experienced a 2% increase, reaching $2.7 million, with earnings per share reported at $0.19 and $0.18 per basic and diluted share, respectively. However, the net income margin decreased to 12% from 14%. Adjusted EBITDA increased by 12% to $7.6 million, despite a slight decrease in the adjusted EBITDA margin to 35% from 36%. Adjusted net income rose 6% to $4.1 million, translating to adjusted earnings of $0.29 and $0.28 per basic and diluted share, respectively. The company also noted a 31% rise in net cash provided by operating activities, totaling $7.5 million. CEO Derek Dubner expressed satisfaction with the performance, highlighting strong revenue growth and customer onboarding, despite challenging comparisons to the previous year. The company remains optimistic about its ability to drive continued revenue growth and capitalize on future opportunities.