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Red Violet
Red Violet, led by CEO Derek Dubner, generates ~$70M in annual revenue from identity intelligence tools used by law enforcement and financial crime units.
Red Violet
Red Violet was founded in 1997 as Cogint, rebranding to Red Violet in 2018 with a narrower focus on cloud-based identity analytics. Derek Dubner has served as CEO since 2017, steering the company through a strategic pivot that shed legacy advertising assets to concentrate on the forensic data vertical. The firm now operates two primary platforms, idiCORE and FOREWARN, which sit at the intersection of public records aggregation and machine learning. The company generates revenue through two subscription-based product lines. idiCORE aggregates billions of identity records into a real-time investigative dashboard used by government agencies, insurance carriers, and corporate security teams for fraud detection and due diligence. FOREWARN, aimed at real estate professionals, allows agents to instantly verify prospect identities and criminal histories before showings. Red Violet owns its proprietary data graph rather than reselling third-party credit headers, creating a margin profile that diverges from legacy data brokers. Red Violet trades on NASDAQ under the ticker RDVT and reports quarterly financials. Revenue reached $69.5 million in 2024, up from $44 million in 2021, while maintaining gross margins consistently above 75% (per the firm's 2024 annual report). The company has no institutional parent and operates out of a single headquarters in Boca Raton, Florida. In August 2024, Red Violet announced a $15 million stock repurchase program, signaling management's conviction in the cash-generative nature of its subscription base. The structural differentiator lies in vertical-specific bundling. Rather than functioning as a generalist data lake, Red Violet packages the same underlying identity records into industry-specific applications — a real estate agent using FOREWARN never sees the idiCORE interface, and vice versa. This product-silo approach creates switching costs inside each vertical while avoiding the commoditization risk faced by raw-data wholesalers.
General information
Firm type
Asset Manager
Year founded
1997
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Miami
Corporate office
Miami, FL, United States
Principals
Derek Dubner
CEO
Daniel MacLachlan
CFO
Jeffrey Dell
Chief Information Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Red Violet?
As a publicly traded operating company, Red Violet does not allocate third-party capital and has no CIO. Capital deployment decisions, including M&A evaluations and the August 2024 stock repurchase program, are made by CEO Derek Dubner in conjunction with the board of directors.
How does Red Violet source its underlying identity data?
Red Violet aggregates public records, property deeds, court filings, and other legally available data sources into a proprietary identity graph. The company deliberately avoids reliance on consumer credit-header data, which insulates it from Fair Credit Reporting Act bottlenecks that constrain competitors who resell Experian or TransUnion feeds.
Is Red Violet structured as a family office or a technology company?
Red Violet is a publicly traded technology company listed on NASDAQ under ticker RDVT. It is not a family office. The firm reports quarterly financials to the SEC, carries no external AUM, and operates two subscription software platforms — idiCORE and FOREWARN — for institutional and professional end users.
What industry verticals does Red Violet's FOREWARN product target?
FOREWARN serves the residential and commercial real estate industry. Licensed agents use the mobile application to instantly verify prospect identities, screen for criminal histories, and mitigate the physical safety risks associated with showing properties to unknown individuals. The product is bundled into many Multiple Listing Service subscriptions.
How is Red Violet's revenue model structured?
Revenue is almost entirely subscription-based, derived from monthly or annual platform fees for idiCORE and FOREWARN. This produces recurring revenue with gross margins consistently above 75%. The company does not sell advertising, consumer credit reports, or one-off data dumps to marketing firms.
What differentiates Red Violet from a traditional credit bureau?
Traditional credit bureaus — Equifax, Experian, TransUnion — are regulated under the FCRA and primarily serve lenders assessing consumer creditworthiness. Red Violet operates outside the FCRA framework by targeting non-lending use cases: law-enforcement investigations, fraud detection, and professional safety verification. Its data graph excludes credit-payment histories.
Does Red Violet maintain any philanthropic or separate investment vehicles?
No separate philanthropic foundation or co-investment vehicle is publicly disclosed. Red Violet is a single-line operating business with no disclosed alternative-investment arm or family-office adjacency. Capital returns to shareholders occur through open-market stock repurchases, not dividend distributions.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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