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Fair Isaac Corporation (FICO-1.85%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, showing total revenues of $439.968 million, a 15% increase from $382.059 million in the same quarter the previous year.
Revenues for the Scores segment were $235.675 million, a 23% increase from $192.112 million in the previous year. This increase was primarily due to higher unit prices and increased volume of mortgage originations.
The Software segment reported revenues of $204.293 million, an 8% increase from $189.947 million in the previous year. This was driven by a $17.343 million increase in on-premises and SaaS software revenue, offset by a $2.997 million decrease in professional services revenue.
Operating income for the quarter was $179.528 million, up from $151.359 million in the previous year, representing a 19% increase.
Net income for the quarter was $152.528 million, compared to $121.065 million in the previous year, a 26% increase.
Diluted earnings per share were $6.14, up from $4.80 in the previous year, marking a 28% increase.
Cash provided by operating activities was $193.997 million, an increase from $122.120 million in the previous year.
The company reported cash and cash equivalents of $184.254 million as of December 31, 2024, compared to $150.667 million as of September 30, 2024.
Total debt increased to $2.421 billion from $2.209 billion as of September 30, 2024.
Fair Isaac Corporation repurchased $159.7 million worth of common stock during the quarter, compared to $71.7 million in the previous year.
The company continues to focus on its two main segments: Scores, which includes business-to-business and business-to-consumer scoring solutions, and Software, which includes analytic and decision management solutions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Fair Isaac Corporation quarterly 10-Q report dated February 4, 2025. To report an error, please email earnings@qz.com.