Verisk Analytics (VRSK) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was more pronounced than the year-over-year gain.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was more pronounced than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$651.6M
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $612.8M | -18.0% |
| Sep 30, 2022 | $610.1M | -19.6% |
| Dec 31, 2022 | $630.5M | +174.2% |
| Mar 31, 2023 | $651.6M | +1.2% |
Revenue performance
The reported revenue rose from the prior quarter, continuing an upward trajectory after a decline in the middle of the prior fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue also grew, though at a slower pace than the sequential change.
What to watch
The filing context notes that subscriptions are generally prepaid, which may affect the timing of cash flows relative to revenue recognition.