v3.25.2
Revenue from Contracts with Customer
 9 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customer Revenue from Contracts with Customers
Disaggregation of Revenue
The following tables provide information about disaggregated revenue by primary geographical market:

Quarter Ended June 30, 2025
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$321,154 $149,003 $470,157 87 %
Europe, Middle East and Africa1,553 39,844 41,397 8 %
Asia Pacific1,602 23,259 24,861 5 %
      Total$324,309 $212,106 $536,415 100 %

Quarter Ended June 30, 2024
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$239,319 $142,003 $381,322 85 %
Europe, Middle East and Africa1,769 44,592 46,361 10 %
Asia Pacific362 19,804 20,166 5 %
      Total$241,450 $206,399 $447,849 100 %

Nine Months Ended June 30, 2025
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$846,102 $432,932 $1,279,034 87 %
Europe, Middle East and Africa5,097 116,059 121,156 8 %
Asia Pacific5,824 69,104 74,928 5 %
      Total$857,023 $618,095 $1,475,118 100 %
Nine Months Ended June 30, 2024
ScoresSoftwareTotalPercentage
(Dollars in thousands)
Americas$657,990 $405,859 $1,063,849 84 %
Europe, Middle East and Africa4,355 120,631 124,986 10 %
Asia Pacific8,102 66,780 74,882 6 %
      Total$670,447 $593,270 $1,263,717 100 %
The following table provides information about disaggregated revenue for on-premises and SaaS software within our Software segment by deployment method:
Quarter Ended June 30,Percentage of revenuesNine Months Ended June 30,Percentage of revenues
20252024202520242025202420252024
(Dollars in thousands)
On-premises software$81,673 $83,775 43 %46 %$246,808 $235,944 44 %45 %
SaaS software106,242 100,010 57 %54 %310,944 293,689 56 %55 %
Total$187,915 $183,785 100 %100 %$557,752 $529,633 100 %100 %
The following table provides information about disaggregated revenue for on-premises and SaaS software within our Software segment by product features:
Quarter Ended June 30,Percentage of revenuesNine Months Ended June 30,Percentage of revenues
20252024202520242025202420252024
(Dollars in thousands)
Platform software$61,479 $51,780 33 %28 %$171,765 $144,278 31 %27 %
Non-platform software126,436 132,005 67 %72 %385,987 385,355 69 %73 %
Total$187,915 $183,785 100 %100 %$557,752 $529,633 100 %100 %
The following table provides information about disaggregated revenue for on-premises and SaaS software within our Software segment by timing of revenue recognition:
Quarter Ended June 30,Percentage of revenuesNine Months Ended June 30,Percentage of revenues
20252024202520242025202420252024
(Dollars in thousands)
Software recognized at a point in time (1)
$24,485 $24,638 13 %13 %$72,902 $58,597 13 %11 %
Software recognized over contract term (2)
163,430 159,147 87 %87 %484,850 471,036 87 %89 %
Total$187,915 $183,785 100 %100 %$557,752 $529,633 100 %100 %
(1)Includes license portion of our on-premises subscription software and perpetual licenses, both of which are recognized when the software is made available to the customer, or at the start of the subscription.
(2)Includes maintenance portion and usage-based fees of our on-premises subscription software, maintenance revenue on perpetual licenses, as well as SaaS revenue.
The following table provides information about disaggregated revenue for our Scores segment by distribution method:

Quarter Ended June 30,Percentage of revenuesNine Months Ended June 30,Percentage of revenues
20252024202520242025202420252024
(Dollars in thousands)
Business-to-business Scores$268,479 $188,754 83 %78 %$693,364 $514,704 81 %77 %
Business-to-consumer Scores55,830 52,696 17 %22 %163,659 155,743 19 %23 %
       Total$324,309 $241,450 100 %100 %$857,023 $670,447 100 %100 %
We derive a substantial portion of revenues from our contracts with the three major consumer reporting agencies, TransUnion, Equifax and Experian. Revenues collectively generated by agreements with these customers accounted for 54% and 47% of our total revenues in the quarters ended June 30, 2025 and 2024, respectively, with all three consumer reporting agencies each contributing more than 10% of our total revenues in each of the quarters ended June 30, 2025 and 2024. Revenues collectively generated by agreements with these customers accounted for 51% and 44% of our total revenues in the nine months ended June 30, 2025 and 2024, respectively, with all three consumer reporting agencies each contributing more than 10% of our total revenues in each of the nine months ended June 30, 2025 and 2024. At June 30, 2025 and September 30, 2024, two individual customers and one individual customer accounted for 10% or more of total consolidated receivables, respectively.
Contract Balances
We record a receivable when we satisfy a performance obligation prior to invoicing if only the passage of time is required before payment is due or if we have an unconditional right to consideration before we satisfy a performance obligation. We record a contract asset when we satisfy a performance obligation prior to invoicing but our right to consideration is conditional. We record deferred revenue when the payment is made or due before we satisfy a performance obligation.
Receivables at June 30, 2025 and September 30, 2024 consisted of the following: 
 June 30, 2025September 30, 2024
 (In thousands)
Billed$254,648 $264,942 
Unbilled252,812 210,795 
507,460 475,737 
Less: allowance for doubtful accounts(8,039)(6,454)
Net receivables499,421 469,283 
    Less: long-term receivables (*)(45,315)(42,641)
    Short-term receivables (*)$454,106 $426,642 
(*) Short-term receivables and long-term receivables were recorded in accounts receivable, net and other assets, respectively, within the accompanying condensed consolidated balance sheets.
Deferred revenue primarily relates to our maintenance and SaaS contracts billed annually in advance and generally recognized ratably over the term of the service period. Significant changes in the deferred revenues balances are as follows:
Nine Months Ended  
June 30, 2025
(In thousands)
Deferred revenues, beginning balance (*)$160,209 
Revenue recognized that was included in the deferred revenues balance at the beginning of the period(140,523)
Increases due to billings, excluding amounts recognized as revenue during the period155,372 
Deferred revenues, ending balance (*)$175,058 
(*) Deferred revenues at June 30, 2025 included current portion of $171.7 million and long-term portion of $3.4 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets. Deferred revenues at September 30, 2024 included current portion of $156.9 million and long-term portion of $3.3 million that were recorded in deferred revenue and other liabilities, respectively, within the condensed consolidated balance sheets.
Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to provide customers with financing or to receive financing from our customers. Examples include multi-year on-premises licenses that are invoiced annually with revenue recognized upfront and invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period.
Performance Obligations
Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:
•Usage-based revenue that will be recognized in future periods from on-premises software subscriptions;
•Consumption-based variable fees from SaaS software that will be recognized in the distinct service period during which it is earned; and
•Revenue from variable considerations that will be recognized in accordance with the “right-to-invoice” practical expedient, such as fees from our professional services billed based on a time and materials basis.
Revenue allocated to remaining performance obligations was $593.3 million as of June 30, 2025, approximately 50% of which we expect to recognize over the next 15 months and the remainder thereafter. Revenue allocated to remaining performance obligations was $507.3 million as of September 30, 2024.