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Side-by-side financial comparison of Red Violet, Inc. (RDVT) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Xtant Medical Holdings, Inc. is the larger business by last-quarter revenue ($32.4M vs $23.4M, roughly 1.4× Red Violet, Inc.). Red Violet, Inc. runs the higher net margin — 12.0% vs 0.2%, a 11.9% gap on every dollar of revenue. On growth, Red Violet, Inc. posted the faster year-over-year revenue change (19.6% vs 2.7%). Red Violet, Inc. produced more free cash flow last quarter ($6.6M vs $5.0M). Over the past eight quarters, Red Violet, Inc.'s revenue compounded faster (15.6% CAGR vs 7.7%).

Red Violet, Inc. is a technology firm specializing in advanced data analytics, risk mitigation, and identity verification solutions. It serves clients across law enforcement, financial services, insurance, and corporate compliance sectors, delivering actionable insights from curated public and proprietary data sets to support informed decision-making.

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

RDVT vs XTNT — Head-to-Head

Bigger by revenue
XTNT
XTNT
1.4× larger
XTNT
$32.4M
$23.4M
RDVT
Growing faster (revenue YoY)
RDVT
RDVT
+16.9% gap
RDVT
19.6%
2.7%
XTNT
Higher net margin
RDVT
RDVT
11.9% more per $
RDVT
12.0%
0.2%
XTNT
More free cash flow
RDVT
RDVT
$1.6M more FCF
RDVT
$6.6M
$5.0M
XTNT
Faster 2-yr revenue CAGR
RDVT
RDVT
Annualised
RDVT
15.6%
7.7%
XTNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RDVT
RDVT
XTNT
XTNT
Revenue
$23.4M
$32.4M
Net Profit
$2.8M
$57.0K
Gross Margin
54.9%
Operating Margin
6.8%
-2.9%
Net Margin
12.0%
0.2%
Revenue YoY
19.6%
2.7%
Net Profit YoY
226.2%
101.8%
EPS (diluted)
$0.20
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RDVT
RDVT
XTNT
XTNT
Q4 25
$23.4M
$32.4M
Q3 25
$23.1M
$33.3M
Q2 25
$21.8M
$35.4M
Q1 25
$22.0M
$32.9M
Q4 24
$19.6M
$31.5M
Q3 24
$19.1M
$27.9M
Q2 24
$19.1M
$29.9M
Q1 24
$17.5M
$27.9M
Net Profit
RDVT
RDVT
XTNT
XTNT
Q4 25
$2.8M
$57.0K
Q3 25
$4.2M
$1.3M
Q2 25
$2.7M
$3.5M
Q1 25
$3.4M
$58.0K
Q4 24
$863.0K
$-3.2M
Q3 24
$1.7M
$-5.0M
Q2 24
$2.6M
$-3.9M
Q1 24
$1.8M
$-4.4M
Gross Margin
RDVT
RDVT
XTNT
XTNT
Q4 25
54.9%
Q3 25
66.1%
Q2 25
68.6%
Q1 25
61.5%
Q4 24
50.9%
Q3 24
58.4%
Q2 24
62.1%
Q1 24
62.1%
Operating Margin
RDVT
RDVT
XTNT
XTNT
Q4 25
6.8%
-2.9%
Q3 25
19.8%
7.6%
Q2 25
12.6%
13.1%
Q1 25
19.1%
3.2%
Q4 24
1.9%
-6.0%
Q3 24
13.1%
-13.5%
Q2 24
16.1%
-9.8%
Q1 24
11.3%
-12.4%
Net Margin
RDVT
RDVT
XTNT
XTNT
Q4 25
12.0%
0.2%
Q3 25
18.3%
3.9%
Q2 25
12.3%
10.0%
Q1 25
15.6%
0.2%
Q4 24
4.4%
-10.0%
Q3 24
9.0%
-18.0%
Q2 24
13.8%
-12.9%
Q1 24
10.2%
-15.8%
EPS (diluted)
RDVT
RDVT
XTNT
XTNT
Q4 25
$0.20
$0.00
Q3 25
$0.29
$0.01
Q2 25
$0.18
$0.02
Q1 25
$0.24
$0.00
Q4 24
$0.06
$-0.02
Q3 24
$0.12
$-0.04
Q2 24
$0.19
$-0.03
Q1 24
$0.13
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RDVT
RDVT
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$43.6M
$17.1M
Total DebtLower is stronger
$11.0M
Stockholders' EquityBook value
$100.9M
$51.0M
Total Assets
$112.0M
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDVT
RDVT
XTNT
XTNT
Q4 25
$43.6M
$17.1M
Q3 25
$45.4M
$10.4M
Q2 25
$38.8M
$6.9M
Q1 25
$34.6M
$5.0M
Q4 24
$36.5M
$6.2M
Q3 24
$35.7M
$6.6M
Q2 24
$30.9M
$5.4M
Q1 24
$32.1M
$4.5M
Total Debt
RDVT
RDVT
XTNT
XTNT
Q4 25
$11.0M
Q3 25
$17.4M
Q2 25
$22.3M
Q1 25
$22.2M
Q4 24
$22.0M
Q3 24
$19.1M
Q2 24
$21.8M
Q1 24
$16.8M
Stockholders' Equity
RDVT
RDVT
XTNT
XTNT
Q4 25
$100.9M
$51.0M
Q3 25
$101.7M
$50.4M
Q2 25
$96.2M
$48.5M
Q1 25
$91.8M
$43.9M
Q4 24
$86.6M
$43.0M
Q3 24
$91.7M
$45.7M
Q2 24
$88.0M
$45.0M
Q1 24
$83.8M
$47.7M
Total Assets
RDVT
RDVT
XTNT
XTNT
Q4 25
$112.0M
$94.1M
Q3 25
$112.1M
$106.3M
Q2 25
$104.8M
$103.5M
Q1 25
$99.1M
$95.8M
Q4 24
$98.5M
$93.8M
Q3 24
$98.0M
$98.9M
Q2 24
$93.5M
$95.6M
Q1 24
$94.0M
$93.9M
Debt / Equity
RDVT
RDVT
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RDVT
RDVT
XTNT
XTNT
Operating Cash FlowLast quarter
$6.7M
$5.4M
Free Cash FlowOCF − Capex
$6.6M
$5.0M
FCF MarginFCF / Revenue
28.1%
15.4%
Capex IntensityCapex / Revenue
0.5%
1.2%
Cash ConversionOCF / Net Profit
2.38×
94.39×
TTM Free Cash FlowTrailing 4 quarters
$28.8M
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDVT
RDVT
XTNT
XTNT
Q4 25
$6.7M
$5.4M
Q3 25
$10.2M
$4.6M
Q2 25
$7.5M
$1.3M
Q1 25
$5.0M
$1.3M
Q4 24
$6.7M
$665.0K
Q3 24
$7.2M
$-1.7M
Q2 24
$5.7M
$-5.1M
Q1 24
$4.3M
$-5.8M
Free Cash Flow
RDVT
RDVT
XTNT
XTNT
Q4 25
$6.6M
$5.0M
Q3 25
$10.0M
$4.2M
Q2 25
$7.3M
$910.0K
Q1 25
$5.0M
$87.0K
Q4 24
$6.7M
$-7.0K
Q3 24
$7.2M
$-3.8M
Q2 24
$5.7M
$-5.7M
Q1 24
$4.2M
$-6.5M
FCF Margin
RDVT
RDVT
XTNT
XTNT
Q4 25
28.1%
15.4%
Q3 25
43.3%
12.6%
Q2 25
33.5%
2.6%
Q1 25
22.5%
0.3%
Q4 24
34.1%
-0.0%
Q3 24
37.8%
-13.7%
Q2 24
29.7%
-18.9%
Q1 24
24.2%
-23.4%
Capex Intensity
RDVT
RDVT
XTNT
XTNT
Q4 25
0.5%
1.2%
Q3 25
0.8%
1.3%
Q2 25
0.9%
1.0%
Q1 25
0.2%
3.6%
Q4 24
0.1%
2.1%
Q3 24
0.2%
7.5%
Q2 24
0.3%
1.9%
Q1 24
0.4%
2.8%
Cash Conversion
RDVT
RDVT
XTNT
XTNT
Q4 25
2.38×
94.39×
Q3 25
2.41×
3.53×
Q2 25
2.79×
0.36×
Q1 25
1.45×
22.03×
Q4 24
7.75×
Q3 24
4.22×
Q2 24
2.17×
Q1 24
2.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RDVT
RDVT

Segment breakdown not available.

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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