Strong Financial Performance: FICO reported Q3 revenues of $536 million, a 20% increase year-over-year (YOY). GAAP net income reached $182 million (up 44% YOY), with GAAP earnings per share at $7.40 (up 47% YOY). Non-GAAP net income was $211 million, up 35% YOY, and non-GAAP earnings per share was $8.57 (up 37% YOY). Record-breaking free cash flow of $276 million was also reported.

Increased Guidance for FY 2025: The company raised its full-year revenue guidance to $1.98 billion, with GAAP net income guidance set at $630 million (GAAP EPS of $25.60) and non-GAAP net income guidance at $718 million (non-GAAP EPS of $29.15), demonstrating confidence in ongoing business performance.

Challenges in Mortgage Market: Elevated interest rates and affordability issues are keeping loan originations below historical norms. The external pressures on the mortgage market are expected to lead to lower sequential revenues in Q4 due to seasonality and decreased origination volumes.