RDVT 8-K Filed 2026-08-11 Execution disclosure

Red Violet repurchased 74,500 shares at $41.87 average in H1 2026

$3.1M in buybacks year-to-date; $15.5M remaining authorization under stock repurchase program

Shares repurchased74K
Avg price paid$41.87
Remaining$16M
MechanismNot specified

What the filing says

Red Violet, Inc. (NASDAQ: RDVT) reported that it repurchased 74,500 shares of common stock during the first half of 2026 at an average price of $41.87 per share pursuant to the company's Stock Repurchase Program. The company spent approximately $3.1 million on these buybacks, as reflected in its condensed consolidated statements of cash flows.

As of June 30, 2026, the company had $15.5 million remaining under its Stock Repurchase Program authorization. The company did not disclose the original authorization amount or date, but the remaining balance suggests an active program that has been partially utilized year-to-date.

The repurchases occurred during a period of strong financial performance, with Red Violet reporting record revenue of $26.7 million in Q2 2026 (up 23% year-over-year), record operating cash flow of $10.6 million for the quarter, and record net income of $5.0 million. The company also closed a $109 million net proceeds underwritten public offering in August 2026, which provided additional capital for general corporate purposes and potential strategic acquisitions.

Purchased 74,500 shares of the Company's common stock year to date through June 30, 2026, at an average price of $41.87 per share pursuant to the Company's Stock Repurchase Program. As of June 30, 2026, the Company had $15.5 million remaining under the Stock Repurchase Program. — Red Violet, Inc. 8-K filing  ·  View on SEC EDGAR →

What this means

Red Violet's $3.1 million in buybacks during H1 2026 represent modest capital deployment relative to the company's strong cash generation and balance sheet. With $50 million in cash as of June 30, 2026, and the recent $109 million capital raise from its public offering, the company appears to be maintaining flexibility for strategic acquisitions while executing modest opportunistic repurchases. The $15.5 million remaining authorization suggests the company intends to continue buyback activity but is not aggressively reducing share count at current valuations. The repurchases are occurring alongside record profitability and customer growth, indicating confidence in business fundamentals.

Frequently asked questions

How much did Red Violet spend on buybacks in the first half of 2026?
Red Violet repurchased 74,500 shares at an average price of $41.87 per share, spending approximately $3.1 million on buybacks during the first six months of 2026, as reported in the cash flow statement.
How much authorization remains under Red Violet's stock repurchase program?
As of June 30, 2026, Red Violet had $15.5 million remaining under its Stock Repurchase Program. The filing does not disclose the original authorization amount or when the program was established.
What execution mechanism did Red Violet use for these buybacks?
The filing does not specify whether Red Violet used Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism for executing the repurchases. This detail is not disclosed in the earnings release or financial statements.
Why is Red Violet buying back shares while raising capital?
Red Violet closed a $109 million public offering in August 2026 intended for working capital, general corporate purposes, and potential strategic acquisitions. The modest buyback activity ($15.5M remaining authorization) suggests the company is balancing share repurchases with strategic flexibility and M&A optionality rather than aggressively reducing share count.
What was Red Violet's share count impact from buybacks?
The repurchase of 74,500 shares reduced outstanding shares from approximately 14.2 million to 14.1 million during H1 2026. This modest reduction had minimal impact on per-share metrics relative to the company's strong earnings growth.
How does Red Violet's buyback pace compare to its cash generation?
Red Violet generated $17.2 million in operating cash flow in H1 2026 and spent $3.1 million on repurchases, representing a repurchase ratio of approximately 18% of operating cash flow. The relatively conservative pace reflects the company's focus on investing in growth initiatives and maintaining balance-sheet flexibility.
execution identity-intelligence mid-cap rule-10b-18-or-unspecified cash-generative
Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.