Smartbird vs Red Violet
Smartbird is the larger business, with $152m of revenue in fiscal 2025 against $90.3m for Red Violet (1.7 times as much). Red Violet grew faster (20.0% against -19.7%). Red Violet kept more of each dollar of sales as profit: a net margin of 14.6% against -50.7%.
| Latest fiscal year | SmartbirdBIRD, 2025 | Red VioletRDVT, 2025 |
|---|---|---|
| Revenue | $152m | $90.3m |
| Revenue growth | -19.7% | 20.0% |
| Net income | −$77.3m | $13.2m |
| Operating margin | — | — |
| Net margin | -50.7% | 14.6% |
| Return on equity | -112.3% | 14.0% |
| Free cash flow | −$58.2m | $28.8m |
| Cash | $26.7m | $43.6m |
| Total debt | $17.4m | $0 |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | 0.0% |
| Share buybacks | — | $915,000 |
| Employees | 200 | 250 |
| Market value | $14.3m | $1.12bn |
| Price vs our value range | — | Within our value range |
| Moat score | 13 (Weak) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 11 sales | 1 buys, 36 sales |