Red Violet (RDVT) reported its second-quarter 2026 financial results for the period ended June 30, with revenue increasing 23% to $26.7 million and net income almost doubling to $5.0 million. Gross margin rose from 72% to 76%, adjusted EBITDA grew 48% to $11.2 million, and adjusted net income increased 58% to $7.2 million. Operating cash flow for the quarter surged 42% to a record $10.6 million, and the company added 447 new IDI customers, bringing the total to 10,869. In August, the company completed a public offering, raising approximately $109 million in net proceeds. It currently holds over $160 million in cash with no debt, planning to use the funds for working capital and potential acquisitions.