Fair Isaac Corp. (FICO) Q1 2025 10-Q Filing

TL;DR

FICO Q1 2025 10-Q filed. Shows performance across software, tech services, and scores.

AI Summary

Fair Isaac Corp. (FICO) filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data and segment information for the company's operations, including On-Premises and SaaS Software, Technology Services, and Scores Products, are detailed within the report.

Why It Matters

This filing provides investors with an update on FICO's financial performance and operational segments for the first quarter of their fiscal year, offering insights into business trends and strategic direction.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• Q1-25 — Fiscal Quarter (Reporting period for this 10-Q filing.)
• 0930 — Fiscal Year End (Indicates the end of FICO's fiscal year.)

Key Players & Entities

• FAIR ISAAC CORP (company) — Filer
• 20241231 (date) — Period of Report
• 20250204 (date) — Filing Date
• 2024-10-01 (date) — Fiscal Quarter Start Date
• 2024-12-31 (date) — Fiscal Quarter End Date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share FICO New York Stock
• $300 Million — ands) Current maturities on debt: The $300 Million Term Loan 15,000 15,000 Long-term debt
• $450 Million — Million Term Loan 240,000 243,750 The $450 Million Term Loan 450,000 450,000 The 2018 Sen

Filing Documents

• fico-20241231.htm (10-Q) — 1172KB
• ficoex311q12025.htm (EX-31.1) — 10KB
• ficoex312q12025.htm (EX-31.2) — 9KB
• ficoex321q12025.htm (EX-32.1) — 4KB
• ficoex322q12025.htm (EX-32.2) — 4KB
• 0000814547-25-000008.txt ( ) — 6478KB
• fico-20241231.xsd (EX-101.SCH) — 38KB
• fico-20241231_cal.xml (EX-101.CAL) — 47KB
• fico-20241231_def.xml (EX-101.DEF) — 206KB
• fico-20241231_lab.xml (EX-101.LAB) — 577KB
• fico-20241231_pre.xml (EX-101.PRE) — 410KB
• fico-20241231_htm.xml (XML) — 957KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Unaudited Financial Statements

Item 1. Unaudited Financial Statements 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 27

Controls and Procedures

Item 4. Controls and Procedures 29

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 30

Risk Factors

Item 1A. Risk Factors 30

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 30

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 30

Other Information

Item 5. Other Information 30

Exhibits

Item 6. Exhibits 31

Signatures

Signatures 32 i Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Unaudited Financial Statements

Item 1. Unaudited Financial Statements FAIR ISAAC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) December 31, 2024 September 30, 2024 (In thousands, except par value data) Assets Current assets: Cash and cash equivalents $ 184,254 $ 150,667 Accounts receivable, net 350,924 426,642 Prepaid expenses and other current assets 60,658 $ 40,104 Total current assets 595,836 617,413 Marketable securities 45,925 $ 45,289 Property and equipment, net 43,018 38,465 Operating lease right-of-use assets 28,309 29,580 Goodwill 775,551 782,752 Deferred income taxes 93,485 86,513 Other assets 124,484 117,872 Total assets $ 1,706,608 $ 1,717,884 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 23,190 $ 22,473 Accrued compensation and employee benefits 77,109 106,103 Other accrued liabilities 50,662 79,812 Deferred revenue 165,359 156,897 Current maturities on debt 15,000 15,000 Total current liabilities 331,320 380,285 Long-term debt 2,406,100 2,194,021 Operating lease liabilities 20,881 21,963 Other liabilities 86,471 84,294 Total liabilities 2,844,772 2,680,563 Commitments and contingencies Stockholders' deficit: Preferred stock ($ 0.01 par value; 1,000 shares authorized; none issued and outstanding) — — Common stock ($ 0.01 par value; 200,000 shares authorized, 88,857 shares issued and 24,443 and 24,392 shares outstanding at December 31, 2024 and September 30, 2024, respectively) 244 244 Additional paid-in-capital 1,201,828 1,366,572 Treasury stock, at cost ( 64,414 and 64,465 shares at December 31, 2024 and September 30, 2024, respectively) ( 6,285,951 ) ( 6,138,736 ) Retained earnings 4,053,398 3,900,870 Accumulated other comprehensive loss ( 107,683 ) ( 91,629 ) Total stockholders' deficit ( 1,138,164 ) ( 962,679 ) Total liabilities and stockholders' deficit $ 1,706,608 $ 1,717,884 See accompanying notes. 1 Table of Contents FAIR ISAAC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF

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View this 10-Q filing on SEC EDGAR