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Revenue from Contract with Customer | 6 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue from Contract with Customer | Revenue from Contracts with Customers Disaggregation of Revenue The following tables provide information about disaggregated revenue by primary geographical market:
| Quarter Ended March 31, 2025
| Scores |  | Software |  | Total |  | Percentage
| (Dollars in thousands)
Americas | $ | 291,982 |  |  | $ | 137,020 |  |  | $ | 429,002 |  |  | 86 | %
Europe, Middle East and Africa | 1,667 |  |  | 41,733 |  |  | 43,400 |  |  | 9 | %
Asia Pacific | 3,390 |  |  | 22,943 |  |  | 26,333 |  |  | 5 | %
Total | $ | 297,039 |  |  | $ | 201,696 |  |  | $ | 498,735 |  |  | 100 | %
| Quarter Ended March 31, 2024
| Scores |  | Software |  | Total |  | Percentage
| (Dollars in thousands)
Americas | $ | 233,723 |  |  | $ | 130,294 |  |  | $ | 364,017 |  |  | 84 | %
Europe, Middle East and Africa | 1,278 |  |  | 40,979 |  |  | 42,257 |  |  | 10 | %
Asia Pacific | 1,884 |  |  | 25,651 |  |  | 27,535 |  |  | 6 | %
Total | $ | 236,885 |  |  | $ | 196,924 |  |  | $ | 433,809 |  |  | 100 | %
| Six Months Ended March 31, 2025
| Scores |  | Software |  | Total |  | Percentage
| (Dollars in thousands)
Americas | $ | 524,948 |  |  | $ | 283,929 |  |  | $ | 808,877 |  |  | 86 | %
Europe, Middle East and Africa | 3,544 |  |  | 76,215 |  |  | 79,759 |  |  | 9 | %
Asia Pacific | 4,222 |  |  | 45,845 |  |  | 50,067 |  |  | 5 | %
Total | $ | 532,714 |  |  | $ | 405,989 |  |  | $ | 938,703 |  |  | 100 | %
| Six Months Ended March 31, 2024
| Scores |  | Software |  | Total |  | Percentage
| (Dollars in thousands)
Americas | $ | 418,671 |  |  | $ | 263,856 |  |  | $ | 682,527 |  |  | 84 | %
Europe, Middle East and Africa | 2,586 |  |  | 76,039 |  |  | 78,625 |  |  | 9 | %
Asia Pacific | 7,740 |  |  | 46,976 |  |  | 54,716 |  |  | 7 | %
Total | $ | 428,997 |  |  | $ | 386,871 |  |  | $ | 815,868 |  |  | 100 | %
The following table provides information about disaggregated revenue for on-premises and SaaS software within our Software segment by deployment method:
| Quarter Ended March 31, |  | Percentage of revenues |  | Six Months Ended March 31, |  | Percentage of revenues
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (Dollars in thousands)
On-premises software | $ | 82,300 |  |  | $ | 79,697 |  |  | 45 | % |  | 45 | % |  | $ | 165,135 |  |  | $ | 152,169 |  |  | 45 | % |  | 44 | %
SaaS software | 101,526 |  |  | 97,483 |  |  | 55 | % |  | 55 | % |  | 204,702 |  |  | 193,679 |  |  | 55 | % |  | 56 | %
Total | $ | 183,826 |  |  | $ | 177,180 |  |  | 100 | % |  | 100 | % |  | $ | 369,837 |  |  | $ | 345,848 |  |  | 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 March 31, |  | Percentage of revenues |  | Six Months Ended March 31, |  | Percentage of revenues
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (Dollars in thousands)
Platform software | $ | 56,464 |  |  | $ | 47,325 |  |  | 31 | % |  | 27 | % |  | $ | 110,286 |  |  | $ | 92,498 |  |  | 30 | % |  | 27 | %
Non-platform software | 127,362 |  |  | 129,855 |  |  | 69 | % |  | 73 | % |  | 259,551 |  |  | 253,350 |  |  | 70 | % |  | 73 | %
Total | $ | 183,826 |  |  | $ | 177,180 |  |  | 100 | % |  | 100 | % |  | $ | 369,837 |  |  | $ | 345,848 |  |  | 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 March 31, |  | Percentage of revenues |  | Six Months Ended March 31, |  | Percentage of revenues
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (Dollars in thousands)
Software recognized at a point in time (1) | $ | 25,609 |  |  | $ | 20,177 |  |  | 14 | % |  | 11 | % |  | $ | 48,417 |  |  | $ | 33,959 |  |  | 13 | % |  | 10 | %
Software recognized over contract term (2) | 158,217 |  |  | 157,003 |  |  | 86 | % |  | 89 | % |  | 321,420 |  |  | 311,889 |  |  | 87 | % |  | 90 | %
Total | $ | 183,826 |  |  | $ | 177,180 |  |  | 100 | % |  | 100 | % |  | $ | 369,837 |  |  | $ | 345,848 |  |  | 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 March 31, |  | Percentage of revenues |  | Six Months Ended March 31, |  | Percentage of revenues
| 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  | 2025 |  | 2024
| (Dollars in thousands)
Business-to-business Scores | $ | 242,494 |  |  | $ | 185,508 |  |  | 82 | % |  | 78 | % |  | $ | 424,885 |  |  | $ | 325,950 |  |  | 80 | % |  | 76 | %
Business-to-consumer Scores | 54,545 |  |  | 51,377 |  |  | 18 | % |  | 22 | % |  | 107,829 |  |  | 103,047 |  |  | 20 | % |  | 24 | %
Total | $ | 297,039 |  |  | $ | 236,885 |  |  | 100 | % |  | 100 | % |  | $ | 532,714 |  |  | $ | 428,997 |  |  | 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 52% and 47% of our total revenues in the quarters ended March 31, 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 March 31, 2025 and 2024. Revenues collectively generated by agreements with these customers accounted for 49% and 43% of our total revenues in the six months ended March 31, 2025 and 2024, respectively, with all three consumer reporting agencies each contributing more than 10% of our total revenues in each of the six months ended March 31, 2025 and 2024. At March 31, 2025 and September 30, 2024, three 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 March 31, 2025 and September 30, 2024 consisted of the following:
| March 31, 2025 |  | September 30, 2024
| (In thousands)
Billed | $ | 301,667 |  |  | $ | 264,942 |
Unbilled | 234,462 |  |  | 210,795 |
| 536,129 |  |  | 475,737 |
Less: allowance for doubtful accounts | (7,506) |  |  | (6,454) |
Net receivables | 528,623 |  |  | 469,283 |
Less: long-term receivables (*) | (36,081) |  |  | (42,641) |
Short-term receivables (*) | $ | 492,542 |  |  | $ | 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:
|  | Six Months Ended March 31, 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 |  | (115,568) |
Increases due to billings, excluding amounts recognized as revenue during the period |  | 130,404 |
Deferred revenues, ending balance (*) |  | $ | 175,045 |
(*) Deferred revenues at March 31, 2025 included current portion of $171.8 million and long-term portion of $3.2 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 $512.5 million as of March 31, 2025, approximately 50% of which we expect to recognize over the next 14 months and the remainder thereafter. Revenue allocated to remaining performance obligations was $507.3 million as of September 30, 2024.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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