Fair Isaac shares are higher in Friday trading after the company posted its fiscal 2025 annual report/10-K materials, highlighting better-than-expected operating momentum and shareholder returns. Investors focused on the combination of record free cash flow, strong Scores segment growth, and management’s emphasis on expanding distribution in mortgage scoring.

In the annual report, FICO said it exceeded fiscal 2025 guidance on all metrics and delivered $1.99 billion in revenue (up 16% year over year), GAAP net income of $652 million, and GAAP EPS of $26.54, alongside record annual free cash flow of $739 million. The company also noted it repurchased $1.4 billion in shares during fiscal 2025, reinforcing the cash-generation narrative even as the stock has faced policy and pricing overhangs in recent months.

The filing reiterated the strategic push behind FICO’s Mortgage Direct License Program, which is intended to expand distribution beyond the three nationwide credit bureaus and increase competition among tri-merge resellers. Separately, FICO highlighted rising momentum for FICO Score 10T, noting that nine of the top fifteen mortgage lenders have signed agreements for the score, and that the company reached agreement on terms for the Government Sponsored Enterprises to release FICO Score 10T historical data to enable broader analysis and comparisons—an important step for further adoption.