VRSK · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
Verisk Analytics, Inc. · 2026-11-05 · Importance 81 · Surprise 64 · No source text
Cash, cash equivalents, and available-for-sale securities totaled $557.4 million at September 30, 2026, down from $2,178.9 million at December 31, 2025. Total debt, excluding finance lease liabilities, unamortized discounts and premium, and debt issuance costs, was $4,500.0 million at September 30, 2026, compared with $4,750.0 million at year-end 2025. The company had $1,245.1 million of available capacity under its $1,250.0 million Syndicated Revolving Credit Facility, net of $4.9 million of letters of credit, and was in compliance with its covenants. At September 30, 2026, $250.0 million was outstanding under the $500.0 million Term Loan Facility.
Key facts
- On February 18, 2026, Verisk entered into a 364-day delayed-draw term loan facility with a committed principal amount of $500.0 million, bearing interest at SOFR plus 95 basis points or a base rate. source
- Verisk drew $750.0 million under its syndicated revolving credit facility during the first quarter for share repurchases, general corporate purposes, and related fees and expenses, then repaid the full amount before quarter-end. source
- Verisk had total debt of $4,500.0 million at September 30, 2026, compared with $4,750.0 million at December 31, 2025, and was in compliance with its financial and other covenants. source
- Verisk’s maximum consolidated funded debt leverage ratio under the Term Loan Facility may be increased to 4.50 to 1.00 once and to 4.25 to 1.00 once in connection with a permitted acquisition. source
- Verisk’s operating cash flow was $1,023.6 million for the nine months ended September 30, 2026, down $69.1 million, or 6.3%, from $1,092.7 million in 2025. source
- Verisk’s net cash used in financing activities was $2,416.1 million for the nine months ended September 30, 2026, versus $1,079.6 million of net cash provided in 2025. source
- Verisk’s cash, cash equivalents, and available-for-sale securities totaled $557.4 million at September 30, 2026, compared with $2,178.9 million at December 31, 2025. source
- Verisk had $250.0 million outstanding under its Term Loan Facility at September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -77.0% | Verisk’s net cash used in financing activities was $2,416.1 million for the nine months ended September 30, 2026, versus $1,079.6 million… |
| liability | positive | realized | +5.5% | Verisk had total debt of $4,500.0 million at September 30, 2026, compared with $4,750.0 million at December 31, 2025, and was in… |
| cash | negative | realized | -1.5% | Verisk’s operating cash flow was $1,023.6 million for the nine months ended September 30, 2026, down $69.1 million, or 6.3%, from $1,092.7… |