How did Red Violet's revenue and expenses trend in Q4 2024?

**Red Violet's revenue and expenses in Q4 2024 are not currently available.** However, we can infer trends from the available data for Q3 2024.

1. **Revenue Trend**: Red Violet saw a significant increase in revenue, reporting a 20% year-over-year growth in Q3 2024, reaching a record $19.1 million. This robust growth reflects strong demand across various verticals and the company's successful expansion into new market opportunities.
2. **Expense Trend**: While revenue was on an upward trajectory, net income decreased by 86% to $1.7 million, primarily due to higher expenses. Specifically, sales and marketing expenses increased by 43% to $4.8 million, and general and administrative expenses rose by 15% to $6 million. These increased expenses, coupled with a one-time deferred income tax benefit in the prior year, led to a significant drop in net income margin from 79% in Q3 2023 to 9% in Q3 2024.
3. **Profitability Metrics**: The company's gross profit also saw substantial rise of 28% to $13.4 million, with an improved gross margin from 66% to 70%. However, adjusted gross profit increased by 26% to $15.7 million, indicating a strong operational efficiency, with an impressive margin of 83%.
4. **Cash Flow and Financial Stability**: Despite the increase in expenses, Red Violet reported a record $4.8 million in free cash flow, which added approximately $5 million to the balance sheet sequentially from the second quarter. The company's cash and cash equivalents stood at $35.7 million as of September 30, 2024, reflecting robust financial stability and liquidity.

In conclusion, while specific Q4 2024 figures are not available, Red Violet demonstrated robust revenue growth, improved gross profitability, and strong cash flow generation in Q3 2024, despite increased expenses and a temporary dip in net income margin.