Fair Isaac Corporation · NYSE:FICO
Fair Isaac — Q1 2025 Earnings Presentation
14 slides from Fair Isaac's earnings presentation, Feb 4, 2025
Slide 1: Fair Isaac Corporation Q1 25 Financial Highlights
Fair Isaac Corporation Q1 25 Financial Highlights December 31, 2024 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent.
Slide 2: Q1 2025 Financial Highlights
Q1 2025 FINANCIAL HIGHLIGHTS Metric Q1- 24 Q4 - 24 Q1- 25 % Q/Q % Y/Y (In millions, except for EPS) Scores Revenues $192.1 $249.2 $235.7 -5% 23% Software Revenues $190.0 $204.6 $204.3 0% 8% Total Revenues $382.1 $453.8 $440.0 -3% 15% Software ARR $687.7 $721.2 $729.3 1% 6% Software ACV Bookings $18.
Slide 3: Key Operating Results
KEY OPERATING RESULTS ( In m illio n s , e xc e p t fo r EP S) Revenues ACV Bookings $500 $30 $450 $25 $400 $20 $350 $15 $300 $433.8 $447.8 $453.8 $440.0 $27.5 $382.1 $10 $22.1 $21.2 $250 $18.3 $16.8 $200 $5 $150 $0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Adjusted EBITDA GAAP EPS
Slide 4: Revenue Type Mix
REVENUE TYPE MIX (In millions) $500 $447.8 $453.8 $440.0 $450 $433.8 Scores $400 $382.1 $350 $249.2 $235.7 $241.4 $236.9 $300 Professional $192.1 Services $250 $200 $22.6 $22.9 $18.3 $21.3 $19.7 On-Premises $150 and SaaS Software $100 $183.8 $186.0 $168.7 $177.2 $181.7 $50 $0 Q1-24 Q2-24 Q3-24 Q4-24
Slide 5: Expense Review
EXPENSE REVIEW (In millions) $300 $257.3 $256.5 $260.4 $238.7 $4.3 $4.0 $5.3 $250 $230.4 $3.7 $4.5 $47.3 $51.5 $49.2 $41.5 Travel & $36.1 $200 Entertainment $30.5 $30.9 $31.5 $27.5 $28.8 Materials & $150 Services Equipment, $100 Facilities $175.2 $170.1 $174.4 $162.3 $164.7 $50 Personnel $0 Q1-24 Q2
Slide 6: Scores Highlights
SCORES HIGHLIGHTS Total Scores revenues up 23% vs. Q1 24 B2B revenue up 30% vs. Q1 24 B2C revenue up 3% vs. Q1 24 Mortgage Originations revenues up 110% vs. Q1 24 Auto Originations revenues up 5% vs. Q1 24 Card, Personal Loan and Other Originations revenues down 3% vs. Q1 24 © 2024 Fair Isaac Corpor
Slide 7: Software ARR
SOFTWARE ARR March 31, June 30, September 30, December 31, March 31, June 30, September 30, December 31, 2023 2023 2023 2023 2024 2024 2024 2024 (In millions) ARR Platform $ 152.5 $ 164.1 $ 173.2 $ 190.3 $ 201.4 $ 215.1 $ 227.0 $ 227.7 Non-Platform 461.0 481.8 496.2 497.4 495.6 494.5 494.2 501.6 Tot
Slide 8: Software DBNRR
SOFTWARE DBNRR March 31, June 30, September 30, December 31, March 31, June 30, September 30, December 31, 2023 2023 2023 2023 2024 2024 2024 2024 DBNRR Platform 146% 142% 145% 136% 126% 124% 123% 112% Non-Platform 105% 109% 111% 108% 106% 101% 99% 100% Total 114% 117% 120% 114% 112% 108% 106% 105%
Slide 9: Software ACV Bookings
SOFTWARE ACV BOOKINGS Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 (In millions) Total ACV Bookings $ 23.3 $ 21.1 $ 28.0 $ 18.3 $ 16.8 $ 27.5 $ 22.1 $ 21.2 Annual Contract Value Bookings (ACV Bookings) are the average annualized value of software contracts signed in the current reporting period t
Slide 10: Adjusted EBITDA & Free Cash Flow
ADJUSTED EBITDA & FREE CASH FLOW (In millions) Adj. EBITDA Free Cash Flow $250 $200 $150 $236.7 $236.8 $242.2 $219.4 $223.1 $100 $205.7 $188.5 $186.8 $50 $120.8 $61.6 $0 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 © 2024 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only an
Slide 11: Balance Sheet Review
BALANCE SHEET REVIEW (In millions) Q1-24 Q4-24 Q1-25 YoY Var QoQ Var ASSETS Cash & Investments $ 197.4 $ 196.0 $ 230.2 17% 17% Accounts Receivable & Other Current Assets 404.8 466.7 411.6 2% -12% Goodwill & Intangibles, net 777.8 782.8 775.6 0% -1% Other 213.5 272.4 289.2 35% 6% Total Assets $ 1,593
Slide 12: Segment Profitability
SEGMENT PROFITABILITY Segment Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 QoQ $ QoQ % YoY $ YoY % (In Millions) Scores Revenue $ 192.1 $ 236.9 $ 241.5 $ 249.2 $ 235.7 $ (13.5) -5% $ 43.6 23% Operating Expenses (23.5) (24.7) (28.5) (29.7) (31.9) (2.2) 7% (8.4) 36% Scores Operating Income 168.7 212.2 213.0 219.5 20
Slide 13: FY2025 Guidance
FY2025 GUIDANCE Revenues – $1.98 billion GAAP Net Income – $624 million GAAP Earnings per Share – $25.05 Non-GAAP Net Income – $712 million Non-GAAP Earnings per Share – $28.58 © 2024 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced
Slide 14: Fair Isaac Corporation Q1 Financial Highlights
Fair Isaac Corporation Q1 25 Financial Highlights December 31, 2024 © 2022 Fair Isaac Corporation. Confidential. This presentation is provided for the recipient only and cannot be reproduced or shared without Fair Isaac Corporation’s express consent. © 2024 Fair Isaac Corporation. Confidential. This