Verisk Analytics, Inc. VRSK
Verisk is a leading data, analytics, and technology provider serving clients in the insurance ecosystem. Using advanced technologies to collect and analyze billions of records, we draw on unique data assets, insurance industry knowledge, and technological expertise to provide valuable solutions that are integrated into client workflows. We offer predictive analytics and decision support solutions to clients in rating, underwriting, claims, catastrophe, weather risk, and many other fields. In the United States ("U.S.") and around the world, we help clients protect individuals, communities, and businesses. We completed the sale of our Energy business on February 1, 2023.
Our clients use our solutions to make better decisions about risk and improve operating efficiency. We refer to these products and services as solutions due to the integration among our services and the flexibility that enables our clients to purchase components or a comprehensive package. These solutions take various forms, including proprietary data assets, expert industry insight, statistical models, tailored analytic objects, and robust software platforms all designed to allow our clients to make more informed risk decisions. We believe our solutions for analyzing risk have a positive impact on our clients' revenues and help them better manage their costs. In 2025, our clients included all of the top 100 property and casualty ("P&C") insurance providers in the U.S. for the lines of P&C services we offer. We believe that our commitment to our clients and the embedded nature of our solutions serve to strengthen and extend our relationships.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.07B | $2.88B | $2.68B | $2.50B | $2.46B | $2.27B | $2.61B | $2.40B | $2.15B | $2.00B |
| Cost of revenue | $925.5M | $901.1M | $876.5M | $824.6M | $853.7M | $791.7M | $976.8M | $886.2M | $783.8M | $714.4M |
| Gross profit | $2.15B | $1.98B | $1.80B | $1.67B | $1.61B | $1.48B | $1.63B | $1.51B | $1.36B | $1.28B |
| R&D | $40.9M | $35.3M | $36.8M | $43.1M | $47.1M | $44.6M | $60.0M | $45.1M | $37.4M | $27.4M |
| SG&A | $458.2M | $408.7M | $391.8M | $381.5M | $313.2M | $308.2M | $603.5M | $378.7M | $322.8M | $301.6M |
| Total operating expenses | $1.73B | $1.63B | $1.55B | $1.09B | $1.55B | $1.31B | $1.91B | $1.56B | $1.34B | $1.23B |
| Operating income | $1.34B | $1.25B | $1.13B | $1.41B | $911.4M | $956.3M | $696.9M | $834.1M | $801.2M | $767.6M |
| Interest expense | $170.9M | $124.6M | $115.5M | $138.8M | $127.0M | $138.3M | $126.8M | $129.7M | $119.4M | $120.0M |
| Pre-tax income | $1.17B | $1.23B | $1.03B | $1.26B | $786.5M | $818.4M | $568.4M | $719.7M | $691.0M | $653.7M |
| Income tax | $263.0M | $277.9M | $258.8M | $220.3M | $179.4M | $164.6M | $118.5M | $121.0M | $135.9M | $202.2M |
| Net income | $908.3M | $958.2M | $614.6M | $953.9M | $666.2M | $712.7M | $449.9M | $598.7M | $555.1M | $591.2M |
| EPS, basic | 6.50 | 6.74 | 4.19 | 6.04 | 4.12 | 4.38 | 2.75 | 3.63 | 3.36 | 3.51 |
| EPS, diluted | 6.48 | 6.71 | 4.17 | 6.00 | 4.08 | 4.31 | 2.70 | 3.56 | 3.29 | 3.45 |
| Shares, diluted (wtd. avg.) | $140.1M | $142.8M | $147.3M | $158.9M | $163.3M | $165.3M | $166.6M | $168.3M | $168.7M | $171.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.18B | $291.2M | $302.7M | $292.7M | $280.3M | $218.8M | $184.6M | $139.5M | $142.3M | $135.1M |
| Receivables | $422.2M | $434.4M | $334.2M | $290.1M | $299.9M | $432.4M | $441.6M | $356.4M | $345.5M | $263.9M |
| Total current assets | $2.77B | $911.6M | $810.1M | $925.1M | $907.4M | $794.2M | $744.9M | $644.5M | $597.6M | $500.9M |
| Property, plant and equipment | — | — | $604.9M | $541.5M | $531.4M | $632.3M | $548.1M | $555.9M | $478.3M | $380.3M |
| Goodwill | $1.88B | $1.73B | $1.76B | $1.68B | $2.05B | $1.82B | $3.86B | $3.36B | $3.37B | $2.58B |
| Other intangibles | $346.6M | $392.4M | $471.7M | $504.8M | $482.3M | $1.38B | $1.40B | $1.23B | $1.35B | $1.01B |
| Total assets | $6.20B | $4.26B | $4.37B | $6.96B | $7.81B | $7.56B | $7.06B | $5.90B | $6.02B | $4.63B |
| Accounts payable | $319.1M | $249.8M | $340.8M | $292.8M | $262.1M | $407.3M | $375.0M | $250.9M | $225.4M | $184.0M |
| Short-term debt | $1.51B | $514.2M | $14.5M | $1.39B | $971.3M | $514.3M | $499.4M | $672.8M | $724.4M | $106.8M |
| Total current liabilities | $2.30B | $1.24B | $771.4M | $2.32B | $1.85B | $1.43B | $1.49B | $1.32B | $1.34B | $621.6M |
| Long-term debt | $4.77B | $3.09B | $2.88B | $3.74B | $3.32B | $3.22B | $3.15B | $2.74B | $3.03B | $2.41B |
| Total liabilities | $5.89B | $4.16B | $4.04B | $5.19B | $4.97B | $4.86B | $4.79B | $3.83B | $4.09B | $3.30B |
| Retained earnings | $7.81B | $7.15B | $6.42B | $6.00B | $5.24B | $4.76B | $4.23B | $3.94B | $3.31B | $2.75B |
| Total equity | $309.0M | $100.1M | $322.2M | $1.77B | $2.84B | $2.70B | $2.26B | $2.07B | $1.93B | $1.33B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.44B | $1.14B | $1.06B | $1.06B | $1.16B | $1.07B | $956.3M | $934.4M | $743.5M | $577.5M |
| Depreciation and amortisation | $259.2M | $233.6M | $206.8M | $197.1M | $206.9M | $192.2M | $185.7M | $165.3M | $135.6M | $126.2M |
| Stock-based compensation | $54.2M | $47.9M | $54.0M | $56.5M | $55.7M | $47.6M | $42.7M | $38.5M | $31.8M | $30.0M |
| Capital expenditure | $244.1M | $223.9M | $230.0M | $274.7M | $268.4M | $246.8M | $216.8M | $231.0M | $183.5M | $156.5M |
| Investing cash flow | -$358.1M | -$124.8M | $2.75B | $301.4M | -$592.0M | -$595.8M | -$927.9M | -$265.4M | -$1.11B | $493.2M |
| Financing cash flow | $795.2M | -$1.03B | -$3.79B | -$1.33B | -$498.9M | -$445.2M | $10.9M | -$669.8M | $362.5M | -$1.06B |
| Dividends paid | $251.1M | $221.3M | $196.8M | $195.2M | $188.2M | $175.8M | $163.5M | $0 | $0 | — |
| Buybacks | $624.0M | $1.00B | $2.76B | $1.66B | $475.0M | $348.8M | $300.0M | $438.6M | $276.3M | $326.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-004452.
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