Red Violet, Inc. (RDVT) financial statements (2022 and earlier)

Company profile

Business Address 2650 NORTH MILITARY TRAIL
BOCA RATON, FL 33431
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,25812,95711,7769,950
Cash and cash equivalents34,25812,95711,7769,950
Receivables3,7363,2013,5432,265
Other undisclosed current assets599581722934
Total current assets:38,59316,73916,04113,149
Noncurrent Assets
Operating lease, right-of-use asset1,6612,1612,620
Property, plant and equipment577558660852
Intangible assets, net (including goodwill)33,40832,39729,26125,198
Goodwill5,2275,2275,2275,227
Intangible assets, net (excluding goodwill)28,18127,17024,03419,971
Other noncurrent assets137139289628
Total noncurrent assets:35,78335,25532,83026,678
TOTAL ASSETS:74,37651,99448,87139,827
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9513,4753,5672,905
Accounts payable1,6052,0752,1382,246
Accrued liabilities62219105375
Employee-related liabilities2281,077877284
Taxes payable56104447 
Deferred revenue841504128
Debt 449491 
Deferred rent credit   345
Contract with customer, liability26
Other undisclosed current liabilities666610142 
Total current liabilities:3,4585,0384,3283,276
Noncurrent Liabilities
Long-term debt and lease obligation1,2911,9082,459 
Operating lease, liability1,2911,9082,459
Liabilities, other than long-term debt198   
Deferred income tax liabilities198  
Other undisclosed noncurrent liabilities (205)  
Total noncurrent liabilities:1,4893,6112,459 
Other undisclosed liabilities   273
Total liabilities:4,9478,6496,7873,549
Stockholders' equity
Stockholders' equity attributable to parent69,42943,34542,08436,278
Common stock13131210
Treasury stock, value  (1,255) 
Additional paid in capital91,43466,00559,18741,052
Accumulated deficit(22,018)(22,673)(15,860)(4,784)
Total stockholders' equity:69,42943,34542,08436,278
TOTAL LIABILITIES AND EQUITY:74,37651,99448,87139,827

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues44,02234,58630,28616,302
Cost of revenue(11,297)(10,759)(11,897)(8,897)
Gross profit:32,72523,82718,3897,405
Operating expenses(34,040)(30,658)(29,601)(14,896)
Operating loss:(1,315)(6,831)(11,212)(7,491)
Nonoperating income
(Other Nonoperating income)
   539
Interest and debt expense2,175(12)  
Income (loss) from continuing operations before equity method investments, income taxes:860(6,843)(11,212)(6,952)
Other undisclosed income (loss) from continuing operations before income taxes(7)3013684
Income (loss) from continuing operations before income taxes:853(6,813)(11,076)(6,868)
Income tax expense (benefit)(198)2,4572,808(9,522)
Net income (loss):655(4,356)(8,268)(16,390)
Other undisclosed net income (loss) attributable to parent (2,457)(2,808)9,522
Net income (loss) available to common stockholders, diluted:655(6,813)(11,076)(6,868)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):655(4,356)(8,268)(16,390)
Comprehensive income (loss), net of tax, attributable to parent:655(4,356)(8,268)(16,390)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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