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Red Violet RDVT Noncash Lease Expenses

Noncash Lease Expenses at other companies

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$439K-22.8%
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Enliven TherapeuticsELVN
$93K+9.4%

Other financials

Income statement

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Revenue$25.8M+17.4%
Gross profit$22.0M+20.0%
Operating income$5.4M+29.3%
Net income$4.4M+27.6%
EPS (diluted)$0.30+25.0%

Balance sheet

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Cash & equivalents$43.5M+25.6%
Total debt$2.7M+47.4%
Total equity$104.5M+13.8%
Total assets$112.6M+13.7%

Cash flow

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Operating cash flow$6.6M+31.7%
CapEx$63.0K+26.0%
Free cash flow$6.5M+31.7%

Valuation

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Market cap$793.2M+19.8%
Enterprise value$752.47M+19.5%
P/E56.3×-20.2×
P/S8.4×+0.1×

Profitability

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Gross margin84.2%+1.7pp
Operating margin15.3%+2.5pp
Net margin15%+4.1pp
FCF margin32.3%+1.5pp

Returns & leverage

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Return on equity14.4%+4.5pp
Debt / equity0.0×
Current ratio11.2×+2.2×

Where this comes from

Reported directly by Red Violet in its filing.

Tagged under the XBRL concept rdvt:NoncashLeaseExpenses.

The official record: Red Violet’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Red Violet's noncash lease expenses?
Red Violet (RDVT) reported noncash lease expenses of $128K in Q1 2026.
How has Red Violet's noncash lease expenses changed year-over-year?
Red Violet's noncash lease expenses decreased by 13.5% year-over-year, from $148K to $128K.
What is the long-term trend for Red Violet's noncash lease expenses?
Over 4 years (2021 to 2025), Red Violet's noncash lease expenses has grown at a 0.4% compound annual growth rate (CAGR), from $500K to $509K.
What does noncash lease expenses mean?
This represents the portion of lease expenses recognized in the income statement that does not involve an immediate cash outflow. It is added back to net income to reconcile cash flow from operations, reflecting the non-cash nature of lease cost amortization. Tracking this helps investors understand the impact of accounting standards on reported operating earnings.