Fair Isaac Corp. Files FY2024 10-K
Ticker: FICO · Form: 10-K · Filed: Nov 6, 2024 · CIK: 814547
| Field | Detail |
|---|---|
| Company | Fair Isaac CORP (FICO) |
| Form Type | 10-K |
| Filed Date | Nov 6, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01, $227.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
FICO dropped its 2024 10-K. All systems go.
AI Summary
Fair Isaac Corp. (FICO) filed its 10-K for the fiscal year ending September 30, 2024. The company, headquartered in Bozeman, MT, reported its financial performance and business operations. The filing covers the period from October 1, 2023, to September 30, 2024, and provides details on its various business segments and financial health.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of FICO's financial performance, strategic initiatives, and risk factors for the fiscal year 2024, crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a routine annual filing providing a summary of the company's performance and outlook.
Key Numbers
- FY2024 — Fiscal Year (Reporting period covered by the 10-K)
- 2024-09-30 — Fiscal Year End Date (The end date of the reporting period)
- 2023-10-01 — Fiscal Year Start Date (The start date of the reporting period)
Key Players & Entities
- FAIR ISAAC CORP (company) — Filer
- 0000814547 (company) — Central Index Key
- 20240930 (date) — Fiscal Year End
- 20241106 (date) — Filing Date
- 5 WEST MENDENHALL STREET SUITES 105 BOZEMAN MT 59715 (address) — Business Address
FAQ
What is the primary business of Fair Isaac Corp. as indicated in the filing?
The filing indicates Fair Isaac Corp. is in the 'SERVICES-BUSINESS SERVICES, NEC' industry, with SIC code 7389.
What is the filing date of this 10-K report?
This 10-K report was filed on November 6, 2024.
What is the fiscal year end for Fair Isaac Corp.?
The fiscal year end for Fair Isaac Corp. is September 30.
Where is Fair Isaac Corp. headquartered?
Fair Isaac Corp.'s business and mailing address is listed as 5 WEST MENDENHALL STREET SUITES 105, BOZEMAN, MT 59715.
What is the SEC file number for Fair Isaac Corp.'s 1934 Act filings?
The SEC file number for Fair Isaac Corp. under the 1934 Act is 001-11689.
Filing Stats: 4,381 words · 18 min read · ~15 pages · Grade level 14.9 · Accepted 2024-11-06 16:16:04
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share FICO New York Stock
- $227.0 million — ) from FICO Platform based products was $227.0 million as of September 30, 2024, representing
Filing Documents
- fico-20240930.htm (10-K) — 2325KB
- ex-19110xk2024xinsidertrad.htm (EX-19.1) — 56KB
- ex-21110xk2024xsubsidiarie.htm (EX-21.1) — 28KB
- ex-23110xk2024deloittecons.htm (EX-23.1) — 3KB
- ex-31110xk2024.htm (EX-31.1) — 9KB
- ex-31210xk2024.htm (EX-31.2) — 9KB
- ex-32110xk2024.htm (EX-32.1) — 3KB
- ex-32210xk2024.htm (EX-32.2) — 3KB
- fico-20240930_g1.jpg (GRAPHIC) — 277KB
- 0001628280-24-045719.txt ( ) — 12011KB
- fico-20240930.xsd (EX-101.SCH) — 57KB
- fico-20240930_cal.xml (EX-101.CAL) — 83KB
- fico-20240930_def.xml (EX-101.DEF) — 293KB
- fico-20240930_lab.xml (EX-101.LAB) — 857KB
- fico-20240930_pre.xml (EX-101.PRE) — 611KB
- fico-20240930_htm.xml (XML) — 1923KB
Risk Factors
Item 1A. Risk Factors 16
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 29
Cybersecurity
Item 1C. Cybersecurity 29
Properties
Item 2. Properties 31
Legal Proceedings
Item 3. Legal Proceedings 31
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 32 PART II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33
[Reserved]
Item 6. [Reserved] 34
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 35
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 48
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 51
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 85
Controls and Procedures
Item 9A. Controls and Procedures 85
Other Information
Item 9B. Other Information 86
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 86 PART III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 87
Executive Compensation
Item 11. Executive Compensation 88
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 88
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 88
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 88 PART IV
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 89
Form 10-K Summary
Item 16. Form 10-K Summary 93
Signatures
Signatures 94 1 Table of Contents
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS
Business
Item 1. Business GENERAL Fair Isaac Corporation (NYSE: FICO) (together with its consolidated subsidiaries, the "Company," which may also be referred to in this report as "we," "us," "our," and "FICO") is a leading applied analytics company. We were founded in 1956 on the premise that data, used intelligently, can improve business decisions. Today, FICO's software and the widely used FICO Score operationalize analytics, enabling thousands of businesses in more than 80 countries to uncover new opportunities, make timely decisions that matter, and execute them at scale. Most leading banks and credit card issuers rely on our solutions, as do insurers, retailers, telecommunications providers, automotive lenders, consumer reporting agencies, public agencies, and organizations in other industries. We also serve consumers through online services that enable people to access and understand their FICO Scores — the standard measure in the United States ("U.S.") of consumer credit risk — empowering them to increase financial literacy and manage their financial health. More information about us can be found on our website, www.fico.com. We make our Annual Reports on Forms 10-K, Quarterly Reports on Forms 10-Q, and Current Reports on Forms 8-K, as well as amendments to those reports, available free of charge through our website as soon as reasonably practicable after we electronically file them with the U.S. Securities and Exchange Commission ("SEC"). References to our website address in this report do not constitute an incorporation by reference. Information on our website is not part of this report. PRODUCTS AND SERVICES Our business consists of two operating segments: Scores and Software. Our Scores segment includes our business-to-business ("B2B") scoring solutions and services which give our clients access to predictive credit and other scores that can be easily integrated into their transaction streams and decision-making processes. This segment also includes our b