# Verisk (VRSK) Q2 2025 Financial Results Summary
Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, released its financial results for the second quarter ended June 30, 2025, on July 30, 2025. Below is a summary of the key financial metrics and highlights from the report.
## Financial Highlights
– **Revenue**
– Total revenue for Q2: **$773 million**
– Increased by **7.8%** compared to $717 million in Q2 2024.
– Organic constant currency (OCC) growth of **7.9%**.
– **Net Income**
– Net income for Q2: **$253 million**
– Declined **17.7%** from $308 million in Q2 2024, primarily due to gains recognized in the prior year.
– **Adjusted EBITDA**
– Adjusted EBITDA for Q2: **$445 million**
– Increased by **11.9%** from $397 million in Q2 2024.
– OCC growth of **9.7%**.
– **Earnings Per Share**
– Diluted GAAP earnings per share (EPS): **$1.81**
– Decreased by **15.8%** from $2.15 in Q2 2024.
– Diluted adjusted EPS: **$1.88**
– Increased by **8.0%** from $1.74 in Q2 2024.
– **Cash Flow**
– Net cash provided by operating activities: **$245 million**
– Increased by **15.5%** compared to $212 million in Q2 2024.
– Free cash flow: **$189 million**
– Increased by **22.6%** from $154 million in Q2 2024.
– **Dividends and Share Repurchase**
– Declared a cash dividend of **$0.45** per share, an increase of **15.4%** compared to $0.39 in Q2 2024.
– Completed a **$100 million Accelerated Share Repurchase**, resulting in the repurchase of approximately **0.3 million shares**.
## Segment Information
– **Underwriting Revenue**
– Q2 2025: **$550 million**
– Grew by **8.3%** from $508 million in Q2 2024.
– OCC growth of **7.7%**.
– **Claims Revenue**
– Q2 2025: **$223 million**
– Increased by **6.6%** from $209 million in Q2 2024.
– OCC growth of **8.3%**.
## Key Acquisitions
– **SuranceBay**
– Acquired on July 17, 2025, for **$163 million**.
– **AccuLynx**
– Definitive agreement to acquire for **$2.35 billion**.
## Outlook for Full Year 2025
– **Total Revenue Guidance**
– Updated guidance range: **$3,090 – $3,130 million** (previously $3,030 – $3,080 million).
– **Adjusted EBITDA Guidance**
– Updated guidance range: **$1,700 – $1,740 million** (previously $1,670 – $1,720 million).
– **Diluted Adjusted EPS Guidance**
– Maintained from **$6.80 – $7.00**.
## Conclusion
Verisk delivered a solid performance in Q2 2025, with improved revenue, adjusted EBITDA, and free cash flow amid strategic acquisitions aimed at expanding their capabilities. The substantial growth in adjusted EPS and dividend declaration demonstrates the company’s ongoing commitment to shareholder value, despite facing a decline in net income related to prior-year gains.
| Three Months Ended June 30, | 2025 | 2024 | Six Months Ended June 30, | 2025 | 2024 |
|---|---|---|---|---|---|
| Revenues | $772.6 | $716.8 | $1,525.6 | $1,420.8 | |
| Operating expenses: | |||||
| Cost of revenues (exclusive of items shown separately below) | 229.5 | 219.4 | 460.3 | 447.2 | |
| Selling, general and administrative | 106.5 | 101.5 | 215.4 | 194.4 | |
| Depreciation and amortization of fixed assets | 66.0 | 59.0 | 133.4 | 116.4 | |
| Amortization of intangible assets | 16.3 | 18.2 | 32.1 | 36.7 | |
| Total operating expenses, net | 418.3 | 398.1 | 841.2 | 794.7 | |
| Operating income | 354.3 | 318.7 | 684.4 | 626.1 | |
| Other income (expense): | |||||
| Net gain on early extinguishment of debt | — | 3.6 | — | 3.6 | |
| Investment gain | 9.1 | 99.8 | 11.7 | 96.5 | |
| Interest expense, net | (35.5) | (29.1) | (71.8) | (58.0) | |
| Total other (expense) income, net | (26.4) | 74.3 | (60.1) | 42.1 | |
| Income before income taxes | 327.9 | 393.0 | 624.3 | 668.2 | |
| Provision for income taxes | (74.6) | (85.2) | (138.7) | (141.0) | |
| Net income | 253.3 | 307.8 | 485.6 | 527.2 | |
| Less: Net loss attributable to noncontrolling interests | — | 0.3 | — | 0.5 | |
| Net income attributable to Verisk | $253.3 | $308.1 | $485.6 | $527.7 | |
| Basic net income per share attributable to Verisk: | $1.81 | $2.16 | $3.47 | $3.69 | |
| Diluted net income per share attributable to Verisk: | $1.81 | $2.15 | $3.45 | $3.67 | |
| Weighted-average shares outstanding: | |||||
| Basic | 139,818,324 | 142,705,508 | 140,056,221 | 143,001,836 | |
| Diluted | 140,339,539 | 143,293,222 | 140,639,547 | 143,633,378 |
| As of June 30, 2025 and December 31, 2024 | June 30, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS: | ||
| Current assets: | ||
| Cash and cash equivalents | $628.7 | $291.2 |
| Accounts receivable, net of allowance for doubtful accounts of $31.1 and $22.5, respectively | 612.0 | 434.4 |
| Prepaid expenses | 78.9 | 72.8 |
| Income taxes receivable | 29.5 | 83.3 |
| Other current assets | 28.3 | 29.9 |
| Total current assets | 1,377.4 | 911.6 |
| Noncurrent assets: | ||
| Fixed assets, net | 593.1 | 605.9 |
| Operating lease right-of-use assets, net | 148.8 | 156.0 |
| Intangible assets, net | 387.9 | 392.4 |
| Goodwill | 1,809.4 | 1,726.6 |
| Deferred income tax assets | 37.3 | 34.3 |
| Other noncurrent assets | 441.0 | 437.9 |
| Total assets | $4,794.9 | $4,264.7 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY: | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $175.6 | $249.8 |
| Short-term debt and current portion of long-term debt | 17.0 | 514.2 |
| Deferred revenues | 671.0 | 447.2 |
| Operating lease liabilities | 27.8 | 26.0 |
| Income taxes payable | 8.0 | 1.7 |
| Total current liabilities | 899.4 | 1,238.9 |
| Noncurrent liabilities: | ||
| Long-term debt | 3,233.2 | 2,546.9 |
| Deferred income tax liabilities | 180.5 | 191.6 |
| Operating lease liabilities | 149.8 | 158.7 |
| Other noncurrent liabilities | 19.4 | 23.6 |
| Total liabilities | 4,482.3 | 4,159.7 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Common stock, $.001 par value; 2,000,000,000 shares authorized; 544,003,038 shares issued; 139,700,834 and 140,414,637 shares outstanding, respectively | 0.1 | 0.1 |
| Additional paid-in capital | 3,080.3 | 2,994.0 |
| Treasury stock, at cost, 404,302,204 and 403,588,401 shares, respectively | (10,397.6) | (10,062.4) |
| Retained earnings | 7,513.2 | 7,153.4 |
| Accumulated other comprehensive income | 115.7 | 15.0 |
| Total Verisk stockholders’ equity | 311.7 | 100.1 |
| Noncontrolling interests | 0.9 | 4.9 |
| Total stockholders’ equity | 312.6 | 105.0 |
| Total liabilities and stockholders’ equity | $4,794.9 | $4,264.7 |
