EarningsQ2 2026 Earnings Report
DE:2KH Q2 2026 EPS Results
Actual EPS€0.44
Consensus EPS€0.29
Beat/MissBeat by +€0.15
One Year Ago EPS€0.24
DE:2KH Q2 2026 Revenue Results
Actual Revenue€23.31M
Expected Revenue€22.35M
Beat/MissBeat by +€959.83K
YoY Revenue Growth+22.71%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
DE:2KH Upcoming Earnings
Red Violet's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2KH Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a strongly positive performance: record revenue, margins, profitability, cash flow and liquidity, together with a record number of new customers and meaningful FOREWARN expansion. Management signaled disciplined use of ~$109M in proceeds to accelerate AI-enabled product road map, organic data expansion, and targeted M&A, while continuing to invest in product and go-to-market. Headwinds are limited and largely manageable (modest decline in real estate IDI, slightly lower gross retention, higher operating expenses, and slower federal conversions), and management emphasized that these do not materially alter the company’s growth trajectory or competitive positioning.Company Guidance
Record Revenue and Sustained Growth
Total revenue of $26.7 million in Q2 FY26, up 23% year-over-year; company has delivered 31 consecutive quarters of double-digit revenue growth (22 quarters ≥20%).
Best-Ever Profitability and Margins
Adjusted gross profit of $22.9 million (record) with adjusted gross margin of 86% (up 2 percentage points); adjusted EBITDA of $11.2 million, up 48% year-over-year, producing a record 42% adjusted EBITDA margin (up 7 percentage points); adjusted net income rose 58% to $7.2 million, and adjusted EPS was a record $0.50.
Strong Cash Generation and Liquidity
Cash from operations of $10.6 million (up 42% YoY) and quarterly free cash flow of $7.2 million (up 50% YoY); cash and cash equivalents of $50.0 million (up from $43.6 million at year-end); completed a public offering raising approximately $109 million in net proceeds.
Record Customer Additions and High Contractual Revenue
Added a company-record 447 new IDI billable customers in the quarter, ending with 10,900 IDI customers; contractual revenue represented 77% of total revenue; FOREWARN added 25.5k users in the quarter, ending at 443k users, and 660 realtor associations are contracted with a 100% renewal rate among association customers.
Broad-Based Vertical Performance
Four of five revenue verticals achieved all-time quarterly highs; background screening was a standout with outsized growth; investigative vertical was the fastest-growing on a percentage basis; collections grew >20%, reinforcing a sustained recovery in that vertical.
FOREWARN Strategic Expansion
FOREWARN expanded beyond real estate into home health care with over 25k new users in the quarter; management cites an addressable market of ~4 million home health aides and ~12,000 Medicare-certified home health agencies and expects agency integrations (APIs/scheduling) alongside individual-user adoption.
Capital Allocation and Strategic Optionality
Raised ~$109 million in net proceeds to fund working capital, organic product roadmap, AI initiatives and potential disciplined M&A; share repurchase activity year-to-date included 74.5k shares purchased at an average $41.87 with $15.5 million remaining on the program.
DE:2KH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed