Red Violet, Inc. (RDVT) has added the 2,400‑member Spokane REALTORS® Association to its FOREWARN mobile‑first safety platform, extending the company’s identity‑verification and real‑time risk‑check services to the second‑largest local REALTOR® association in Washington state.
The partnership is a key operational milestone for Red Violet, which has been targeting high‑volume markets to accelerate adoption of its consumer‑facing platform. By onboarding a geographically concentrated user base, the company can increase recurring contract volume and reinforce its strategy to grow FOREWARN in the real‑estate vertical, a segment that has historically delivered strong margin and scalable growth.
Red Violet’s recent quarterly results underscore the strategic fit of the deal. In Q3 2025 the company generated $23.1 million in revenue, a 21% year‑over‑year increase, and consistently beat analyst expectations for both revenue and adjusted EBITDA. The partnership adds a new cohort of agents who are likely to adopt FOREWARN’s services quickly, supporting the company’s trajectory of expanding recurring revenue and leveraging its AI‑driven risk‑assessment engine.
The FOREWARN app uses a phone number to pull public records, including criminal history, property ownership, and financial indicators, providing agents with instant risk insights. The addition of Spokane REALTORS® members is expected to drive higher user engagement and create cross‑sell opportunities for other Red Violet products, such as its IDI platform, further diversifying revenue streams.
Red Violet’s CEO, Derek Dubner, highlighted the partnership as evidence of the company’s “strong execution” and its commitment to expanding into high‑volume markets. The deal aligns with the company’s broader focus on data‑as‑a‑service, where recurring contracts account for roughly 77% of revenue and deliver high margin and predictable cash flow.
Overall, the partnership strengthens Red Violet’s position in the real‑estate market, expands its customer base, and supports its growth strategy of scaling consumer‑facing solutions in high‑volume verticals.
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