$FICO

FAIR ISAAC CORP

CIK:0000814547|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Total revenues	$ 674,188	$ 536,415	$ 1,877,824	$ 1,475,118
Operating expenses:
Cost of revenues	87,017	87,571	265,477	262,546
Research and development	53,708	47,212	157,536	137,394
Selling, general and administrative	170,835	139,114	455,669	387,484
Total operating expenses	311,560	273,897	878,682	787,424
Operating income	362,628	262,518	999,142	687,694
Interest expense, net	(59,877)	(32,899)	(146,462)	(93,765)
Other income, net	11,908	7,372	9,939	6,207
Income before income taxes	314,659	236,991	862,619	600,136
Provision for income taxes	77,487	55,202	202,616	103,204
Net income	237,172	181,789	660,003	496,932
Other comprehensive income (loss):
Foreign currency translation adjustments	(536)	13,003	(4,031)	3,356
Comprehensive income	$ 236,636	$ 194,792	$ 655,972	$ 500,288
Earnings per share:
Basic (in dollars per share)	$ 10.46	$ 7.49	$ 28.28	$ 20.41
Diluted (in dollars per share)	$ 10.45	$ 7.40	$ 28.12	$ 20.12
Shares used in computing earnings per share:
Basic (in shares)	22,670	24,284	23,341	24,350
Diluted (in shares)	22,703	24,575	23,470	24,696
On-premises and SaaS software
Total revenues	$ 196,969	$ 187,915	$ 584,421	$ 557,752
Professional services
Total revenues	18,322	24,191	54,999	60,343
Scores
Total revenues	$ 458,897	$ 324,309	$ 1,238,404	$ 857,023

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 660,003	$ 496,932
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,123	10,931
Share-based compensation	141,910	124,288
Deferred income taxes	25,693	(19,427)
Net gain on marketable securities	(2,765)	(1,629)
Non-cash operating lease costs	7,158	7,426
Provision for doubtful accounts	0	1,485
Net loss on sales and abandonment of property and equipment	26	93
Changes in operating assets and liabilities:
Accounts receivable	(50,766)	(32,784)
Prepaid expenses and other assets	(1,370)	(25,094)
Accounts payable	(5,538)	4,276
Accrued compensation and employee benefits	(4,419)	(9,656)
Other liabilities	(21,107)	(16,580)
Deferred revenue	16,932	14,877
Net cash provided by operating activities	777,880	555,138
Cash flows from investing activities:
Purchases of property and equipment	(1,355)	(4,751)
Capitalized internal-use software costs	(26,491)	(21,831)
Proceeds from sales of marketable securities	16,566	1,856
Purchases of marketable securities	(15,186)	(5,664)
Purchases of other investments	(12,810)	0
Net cash used in investing activities	(39,276)	(30,390)
Cash flows from financing activities:
Proceeds from revolving line of credit and term loans	2,950,000	450,000
Payments on revolving line of credit and term loans	(1,015,000)	(1,368,750)
Proceeds from issuance of senior notes	1,000,000	1,500,000
Payments on senior notes	(400,000)	0
Payments on debt issuance costs	(12,063)	(17,163)
Payments on finance leases	(2,950)	(3,079)
Proceeds from issuance of treasury stock under employee stock plans	14,935	21,908
Taxes paid related to net share settlement of equity awards	(111,275)	(203,188)
Repurchases of common stock, inclusive of excise tax and prepayment under accelerated share repurchase agreement	(3,045,992)	(866,520)
Net cash used in financing activities	(622,345)	(486,792)
Effect of exchange rate changes on cash	(1,951)	426
Increase in cash and cash equivalents	114,308	38,382
Cash and cash equivalents, beginning of period	134,136	150,667
Cash and cash equivalents, end of period	248,444	189,049
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net of refunds of $8,538 and $3,442 during the nine-month periods ended June 30, 2026 and 2025, respectively	162,882	129,078
Cash paid for interest	162,420	101,112
Supplemental disclosures of non-cash investing and financing activities:
Purchase of property and equipment included in accounts payable	213	2,600
Unsettled repurchases of common stock, inclusive of excise tax accrued, but not yet paid	$ 25,318	$ 24,935

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Current assets:
Cash and cash equivalents	$ 248,444	$ 134,136
Accounts receivable, net	592,530	529,148
Prepaid expenses and other current assets	40,589	41,881
Total current assets	881,563	705,165
Marketable securities	56,093	54,625
Property and equipment, net	90,988	67,713
Operating lease right-of-use assets	23,087	26,213
Goodwill	791,815	783,340
Deferred income taxes	92,384	118,553
Other assets	101,443	112,524
Total assets	2,037,373	1,868,133
Current liabilities:
Accounts payable	26,878	32,315
Accrued compensation and employee benefits	110,863	115,369
Other accrued liabilities	102,026	114,618
Deferred revenue	205,424	187,372
Current maturities on debt	300,000	399,541
Total current liabilities	745,191	849,215
Long-term debt	5,282,389	2,656,150
Operating lease liabilities	15,621	19,187
Other liabilities	91,307	89,365
Total liabilities	6,134,508	3,613,917
Commitments and contingencies
Stockholders’ deficit:
Preferred stock ($0.01 par value; 1,000 shares authorized; none issued and outstanding)	0	0
Common stock ($0.01 par value; 200,000 shares authorized, 88,857 shares issued and 21,597 and 23,764 shares outstanding at June 30, 2026 and September 30, 2025, respectively)	216	238
Additional paid-in-capital	1,062,618	1,331,120
Treasury stock, at cost (67,260 and 65,093 shares at June 30, 2026 and September 30, 2025, respectively)	(10,276,707)	(7,537,908)
Retained earnings	5,212,819	4,552,816
Accumulated other comprehensive loss	(96,081)	(92,050)
Total stockholders’ deficit	(4,097,135)	(1,745,784)
Total liabilities and stockholders’ deficit	$ 2,037,373	$ 1,868,133