vrsk20260331

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Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

vrsk20260331_10q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-34480

VERISK ANALYTICS, INC.

(Exact name of registrant as specified in its charter)

Delaware	26-2994223
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

545 Washington Boulevard
Jersey City
NJ	07310-1686
(Address of principal executive offices)	(Zip Code)

(201) 469-3000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange where registered
Common Stock $.001 par value	VRSK	NASDAQ Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of April 24, 2026, there were 131,021,840 shares outstanding of the registrant's Common Stock, par value $.001.

Table of Contents

Verisk Analytics, Inc.

Index to Form 10-Q

Table of Contents

	Page Number
PART I — FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Condensed Consolidated Balance Sheets	1
Condensed Consolidated Statements of Operations	2
Condensed Consolidated Statements of Comprehensive Income	3
Condensed Consolidated Statements of Changes in Stockholders’ (Deficit) Equity	4
Condensed Consolidated Statements of Cash Flows	5
Notes to Condensed Consolidated Financial Statements	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	26
Item 3. Quantitative and Qualitative Disclosures About Market Risk	35
Item 4. Controls and Procedures	35
PART II — OTHER INFORMATION
Item 1. Legal Proceedings	36
Item 1A. Risk Factors	36
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	36
Item 3. Defaults Upon Senior Securities	37
Item 4. Mine Safety Disclosures	37
Item 5. Other Information	37
Item 6. Exhibits	37
SIGNATURES	39
Exhibit 31.1
Exhibit 31.2
Exhibit 32.1

Table of Contents

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

VERISK ANALYTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	(Unaudited)			(Audited)
	*March 31, 2026*			*December 31, 2025*
	(in millions, except for share and per share data)
*ASSETS:*
Current assets:
Cash and cash equivalents	$	524.5		$	2,178.2
Accounts receivable, net of allowance for doubtful accounts of $35.7 and $33.2, respectively		554.3			422.2
Prepaid expenses		83.2			86.4
Income taxes receivable		—			48.6
Other current assets		39.9			30.0
Total current assets		1,201.9			2,765.4
Noncurrent assets:
Fixed assets, net		578.2			582.8
Operating lease right-of-use assets, net		132.7			138.9
Intangible assets, net		329.0			346.6
Goodwill		1,863.1			1,878.2
Deferred income tax assets		36.1			36.6
Other noncurrent assets		457.4			447.0
Total assets	$	4,598.4		$	6,195.5
*LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY:*
Current liabilities:
Accounts payable and accrued liabilities	$	199.0		$	319.1
Short-term debt and current portion of long-term debt		258.4			1,508.9
Deferred revenues		681.2			444.2
Operating lease liabilities		24.9			26.3
Income taxes payable		17.2			1.8
Total current liabilities		1,180.7			2,300.3
Noncurrent liabilities:
Long-term debt		4,217.2			3,228.3
Deferred income tax liabilities		196.9			193.4
Operating lease liabilities		124.7			136.9
Other noncurrent liabilities		45.8			26.8
Total liabilities		5,765.3			5,885.7
Commitments and contingencies (Note 13)
Stockholders’ (deficit) equity:
Common stock, $.001 par value; 2,000,000,000 shares authorized; 544,003,038 shares issued; 131,016,125 and 138,397,709 shares outstanding, respectively		0.1			0.1
Additional paid-in capital		2,898.3			3,113.2
Treasury stock, at cost, 412,986,913 and 405,605,329 shares, respectively		(12,132.0	)		(10,721.8	)
Retained earnings		7,979.7			7,810.5
Accumulated other comprehensive income		86.2			107.0
Total Verisk stockholders' (deficit) equity		(1,167.7	)		309.0
Noncontrolling interests		0.8			0.8
Total stockholders’ (deficit) equity		(1,166.9	)		309.8
Total liabilities and stockholders’ (deficit) equity	$	4,598.4		$	6,195.5

The accompanying notes are an integral part of these condensed consolidated financial statements.

Table of Contents

VERISK ANALYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	*Three Months Ended March 31,*
	*2026*		*2025*
	(in millions, except for share and per share data)
Revenues	$	782.6	$	753.0
Operating expenses:
Cost of revenues (exclusive of items shown separately below)		236.6		230.8
Selling, general and administrative		109.5		108.9
Depreciation and amortization of fixed assets		69.9

SEC Form 10-Q filed by Verisk Analytics Inc.