Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Fair Isaac Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
On-premises and SaaS software	183,826)	186,011)	181,707)	183,785)	177,180)	168,668)	168,979)	172,059)	154,584)	144,560)	146,788)	142,537)	149,088)	126,338)	135,652)	130,230)	125,551)	126,455)	174,628)	138,606)	131,737)	139,605)	141,424)	154,901)	124,177)	136,466)
Professional services	17,870)	18,282)	22,899)	22,614)	19,744)	21,279)	25,199)	24,851)	27,175)	22,322)	27,901)	27,074)	24,365)	26,536)	30,350)	35,752)	37,091)	41,308)	47,017)	43,575)	47,086)	43,761)	47,975)	44,202)	49,654)	40,107)
Scores	297,039)	235,675)	249,203)	241,450)	236,885)	192,112)	195,555)	201,778)	198,507)	177,988)	174,059)	179,355)	183,742)	169,487)	168,575)	172,202)	168,719)	144,651)	152,711)	131,550)	129,148)	115,138)	115,945)	115,146)	104,403)	85,683)
Revenues	498,735)	439,968)	453,809)	447,849)	433,809)	382,059)	389,733)	398,688)	380,266)	344,870)	348,748)	348,966)	357,195)	322,361)	334,577)	338,184)	331,361)	312,414)	374,356)	313,731)	307,971)	298,504)	305,344)	314,249)	278,234)	262,256)
Cost of revenues	(87,630)	(87,345)	(89,574)	(88,225)	(86,946)	(83,461)	(82,832)	(71,846)	(79,806)	(76,569)	(82,486)	(78,691)	(71,794)	(69,203)	(72,361)	(82,240)	(88,333)	(89,528)	(93,676)	(88,569)	(88,139)	(90,758)	(87,996)	(87,215)	(85,568)	(76,066)
Gross profit	411,105)	352,623)	364,235)	359,624)	346,863)	298,598)	306,901)	326,842)	300,460)	268,301)	266,262)	270,275)	285,401)	253,158)	262,216)	255,944)	243,028)	222,886)	280,680)	225,162)	219,832)	207,746)	217,348)	227,034)	192,666)	186,190)
Research and development	(45,037)	(45,145)	(44,208)	(44,217)	(40,880)	(42,635)	(41,596)	(41,455)	(40,266)	(36,633)	(35,511)	(35,880)	(36,387)	(38,980)	(41,142)	(45,826)	(43,612)	(40,651)	(46,706)	(41,411)	(39,439)	(38,943)	(39,396)	(36,972)	(37,684)	(35,426)
Selling, general and administrative	(120,420)	(127,950)	(122,757)	(124,881)	(110,867)	(104,329)	(99,331)	(108,081)	(100,158)	(92,995)	(96,153)	(93,248)	(96,414)	(98,048)	(97,369)	(107,729)	(97,272)	(93,911)	(105,612)	(99,832)	(103,465)	(112,021)	(105,992)	(102,906)	(104,930)	(100,258)
Amortization of intangible assets	—)	—)	(92)	(275)	(275)	(275)	(275)	(275)	(275)	(275)	(442)	(532)	(543)	(544)	(563)	(810)	(945)	(937)	(947)	(1,048)	(1,202)	(1,796)	(1,673)	(1,448)	(1,503)	(1,502)
Restructuring charges	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(7,957)	—)	—)	—)	(41,925)	—)	—)	(3,104)	—)	—)	—)	—)
Gain on product line asset sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,941)	—)	—)	—)	—)	—)	92,805)	—)	7,334)	—)	—)	—)	—)	—)	—)	—)	—)
Operating income	245,648)	179,528)	197,178)	190,251)	194,841)	151,359)	165,699)	177,031)	159,761)	140,339)	134,156)	140,615)	152,057)	115,586)	115,185)	194,384)	101,199)	94,721)	85,490)	82,871)	75,726)	51,882)	70,287)	85,708)	48,549)	49,004)
Interest expense, net	(31,378)	(29,488)	(28,515)	(26,868)	(26,093)	(24,162)	(24,304)	(24,545)	(23,897)	(22,800)	(20,840)	(18,721)	(17,211)	(12,195)	(10,490)	(10,018)	(9,943)	(9,641)	(9,932)	(11,223)	(11,254)	(9,768)	(9,957)	(10,111)	(10,008)	(9,676)
Other income (expense), net	(1,254)	89)	2,720)	3,935)	3,986)	3,393)	(930)	5,301)	1,605)	364)	(206)	(1,000)	(2,361)	1,429)	771)	3,526)	568)	2,880)	875)	4,560)	(2,008)	(219)	558)	2,457)	1,433)	(2,172)
Income before income taxes	213,016)	150,129)	171,383)	167,318)	172,734)	130,590)	140,465)	157,787)	137,469)	117,903)	113,110)	120,894)	132,485)	104,820)	105,466)	187,892)	91,824)	87,960)	76,433)	76,208)	62,464)	41,895)	60,888)	78,054)	39,974)	37,156)
(Provision for) benefit from income taxes	(50,401)	2,399)	(35,692)	(41,062)	(42,935)	(9,525)	(39,041)	(29,029)	(35,919)	(20,260)	(22,411)	(27,394)	(28,102)	(19,861)	(19,746)	(36,694)	(23,150)	(1,468)	(17,307)	(12,132)	(4,176)	13,026)	(6,304)	(13,902)	(6,593)	2,851)
Net income	162,615)	152,528)	135,691)	126,256)	129,799)	121,065)	101,424)	128,758)	101,550)	97,643)	90,699)	93,500)	104,383)	84,959)	85,720)	151,198)	68,674)	86,492)	59,126)	64,076)	58,288)	54,921)	54,584)	64,152)	33,381)	40,007)

On-premises and SaaS software revenue: This revenue stream exhibits fluctuations across the quarters, with a general upward trajectory from December 2018 to early 2024. There are notable peaks around September 2020 and March 2023, followed by slight decreases, suggesting seasonal or contract-based variability. The figures rise from approximately 136 million in late 2018 to around 183 million in late 2024, indicating moderate growth over time.
Professional services revenue: There is a clear declining trend in professional services revenue across the periods, dropping from roughly 40 million in December 2018 to about 18 million in late quarters of 2024. This consistent decrease may point to a strategic shift away from services towards product-based revenue or greater efficiency in operations.
Scores revenue: Revenues from Scores show steady growth, increasing from about 86 million at the end of 2018 to nearly 297 million by the first quarter of 2025. Growth is continuous with periodic acceleration, reflecting either successful market penetration, product adoption, or pricing adjustments driving this segment’s expansion.
Total revenues: Total revenues demonstrate a positive growth trend, increasing from approximately 262 million in late 2018 to nearly 499 million by early 2025. Despite some quarterly variability, the general direction is upward, supported largely by gains in software and scores segments.
Cost of revenues: The cost of revenues remains relatively stable in absolute terms, fluctuating between about 69 million and 95 million per quarter, with some improvement noted in the middle years. The stabilization in costs alongside rising revenues indicates improving gross margins over time.
Gross profit: Gross profit increases notably from 186 million in late 2018 to over 411 million by early 2025. The upward trend aligns with growing revenues while costs remain controlled, leading to enhanced profitability at the gross level.
Research and development expenses: Research and development (R&D) expenses are fairly steady but show slight fluctuations, generally ranging between 35 million and 45 million per quarter. There is no significant long-term upward or downward trend, suggesting continued investment in innovation consistent with company strategy.
Selling, general and administrative expenses (SG&A): SG&A expenses fluctuate within the range of approximately 93 million to 128 million, with some upward movement in the latter periods. The increase toward the end may indicate scaling operations or higher marketing and administrative costs accompanying revenue growth.
Amortization of intangible assets: This expense gradually declines from about 1.5 million per quarter to less than 0.1 million, reflecting the amortization of previously acquired intangible assets nearing completion.
Restructuring charges: There are sporadic restructuring charges recorded, notably a substantial charge of approximately 42 million in the third quarter of 2020, indicating a major operational adjustment during that period.
Gain on product line asset sale: One-time gains are observed, such as roughly 7.3 million in late 2020 and a more significant gain of approximately 92.8 million in early 2021. These gains contribute positively to operating income in the respective quarters but are not recurring.
Operating income: Operating income shows improvement over the full timeline, despite some volatility. It grows from roughly 49 million at the end of 2018 to peaks exceeding 245 million by early 2025. The substantial gain in early 2021 notably inflates operating income. Overall, the progression indicates enhanced operational efficiency and profitability.
Interest expense, net: Interest expense demonstrates a rising trend, increasing from around 9.7 million at the end of 2018 to over 31 million by early 2025. This may reflect growing debt levels or rising interest rates affecting the company's net cost of borrowing.
Other income (expense), net: Other income and expenses fluctuate with both positive and negative values but generally remain minor relative to net income, without a clear trend. The irregular pattern suggests variability due to miscellaneous gains or losses not central to core operations.
Income before income taxes: Income before taxes follows an upward trajectory, increasing from approximately 37 million in late 2018 to over 213 million by early 2025. This growth aligns with the expansion in operating income and reflects improved profitability before tax considerations.
Provision for income taxes: The tax provision exhibits considerable volatility, with both positive and negative values. Significant tax benefits and charges appear intermittently, affecting the effective tax rate and net income. The variability suggests changes in tax planning, credits, or adjustments in deferred tax assets/liabilities.
Net income: Net income shows a substantial growth trend from approximately 40 million at the end of 2018 to over 162 million by early 2025. While some quarters experience fluctuations, the general direction is positive, supported by growing revenues, controlled costs, and managing tax impacts.

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Fair Isaac Corp. (NYSE:FICO)

Income StatementQuarterly Data

Income Statement
Quarterly Data