Red Violet, Inc. (RDVT) announced a partnership with Las Vegas REALTORS® (LVR) that will make its FOREWARN® identity‑verification platform available to more than 16,000 LVR members across the Las Vegas market. The deal gives agents real‑time identity verification, criminal‑history searches and client‑data validation through a mobile app and online portal, all at no additional cost to LVR members.
The partnership adds a large, geographically concentrated user base to FOREWARN, reinforcing the platform’s value proposition for safety and due diligence. By bundling Red Violet’s identity intelligence into LVR’s standard agent toolkit, the company is expected to accelerate adoption and usage growth, while also creating a new channel for cross‑selling other IDI products to real‑estate professionals.
Red Violet’s recent financial results underscore the strategic fit of the deal. In Q4 2025, the company generated $23.4 million in revenue, up 20 percent year‑over‑year, and posted a 72 percent gross margin. Full‑year 2025 revenue reached $90.3 million, also up 20 percent, with net income of $13.2 million and adjusted EBITDA of $31.0 million, a 31 percent increase from the prior year. The partnership is a tangible extension of the company’s growth strategy, which has focused on securing high‑volume contracts in niche verticals.
CEO Derek Dubner has highlighted the company’s momentum, noting that “We are extremely pleased to report another record‑setting quarter, marking a strong start to 2025. Our team continues to execute, achieving new highs across key financial metrics and underscoring the leverage and durability of our business model.” The LVR partnership is a further validation of Red Violet’s CORE™ platform, a cloud‑native, AI/ML‑driven identity‑intelligence engine that powers both IDI and FOREWARN.
The deal positions Red Violet to capture a larger share of the real‑estate safety and compliance market, a segment that has shown steady demand for identity‑verification solutions. By expanding its user base and deepening its data set, Red Violet is better positioned to deliver higher‑quality insights to agents, strengthen its competitive moat, and accelerate revenue growth in a high‑volume, high‑margin vertical.
The partnership demonstrates Red Violet’s ability to scale its platform and generate new revenue streams while maintaining strong margins, reinforcing investor confidence in the company’s long‑term growth trajectory.
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