Fair Isaac Corporation (FICO) is a leading applied analytics company, founded in 1956. FICO's software and the widely-used FICO® Score enable businesses to uncover opportunities and make timely decisions. They serve various industries, including banking, insurance, retail, telecommunications, and public agencies. FICO also provides online services for consumers to access and understand their FICO Scores, promoting financial literacy.

• Employees: 3,586 (as of September 30, 2024)
• Geographic Footprint: 27 countries
• Headquarters: Bozeman, Montana
• Founded: 1956
• Revenue: $1.7 billion (FY2024)
• Key Subsidiaries/Brands: FICO® Score, FICO® Platform, myFICO.com

• CEO: William J. Lansing
• CFO: Steven P. Weber
• Executive Vice President, Software: Nikhil Behl
• Executive Vice President, Corporate Strategy: Thomas A. Bowers
• Executive Vice President, Chief Human Resources Officer: Richard S. Deal
• Vice President, Chief Accounting Officer: Michael S. Leonard
• Executive Vice President, General Counsel and Corporate Secretary: Mark R. Scadina
• Executive Vice President, Scores: James M. Wehmann

• Annual Revenue: $1.7 billion (FY2024)
• Net Income: $512.8 million (FY2024)
• Total Assets: $1.7 billion (as of September 30, 2024)
• Key Financial Highlights:
  • Revenue increased by 13% year-over-year.
  • Net income increased by 19% year-over-year.

FICO operates through two segments:

• Scores: B2B scoring solutions, including the FICO® Score, and B2C scoring solutions through myFICO.com.
• Software: Pre-configured analytic and decision management solutions, including FICO® Platform, addressing customer engagement, fraud protection, and other business needs.

• Scores: $919.7 million in revenue (FY2024)
• Software: $797.9 million in revenue (FY2024)

FICO's strategy focuses on:

• Expanding the use of FICO® Score 10 and 10 T.
• Enhancing financial inclusion through various initiatives.
• Growing the Software segment through the FICO® Platform.
• Returning cash to stockholders through share repurchases.

FICO operates in a highly competitive market, facing competition from:

• In-house analytics and systems developers.
• Neural network and AI system builders.
• Fraud solution providers.
• Scoring model builders.
• Credit report and credit score providers.
• Software companies providing predictive analytics.

The company's main market is financial services, representing 92% of its revenue in fiscal 2024.

• Business Strategy Risks: Potential failure to execute the Software segment's business strategy, which relies on the FICO® Platform.
• Market Risks: Dependence on a small number of products and services, as well as key customers and contracts with major consumer reporting agencies.
• Operational Risks: Cybersecurity breaches, business interruptions, and the failure to obtain certain forms of model construction data.
• Regulatory Risks: Increased regulatory focus on consumer reporting agencies, credit scores, and the use of algorithms.