Fair Isaac Corporation (FICO)

The company now

Fair Isaac told the SEC on 6 October that its management committed on 1 October to a plan to eliminate approximately 15 percent of positions 2. The plan reduces layers in the organization, simplifies the operating structure and integrates AI-driven product development 2. The company expects about $27.0 million of pre-tax charges in its fiscal fourth quarter and expects the plan to be substantially completed by the end of the third quarter of fiscal 2027 2.

The cut follows a quarter ended 30 June 2026 in which revenue was $674.2 million against $536.4 million a year earlier, up 26 percent, and net income was $237.2 million 1. Scores revenue rose 41 percent to $458.9 million, and business-to-business scores revenue rose 49 percent, mainly on a higher mortgage origination scores unit price 1.

HousingWire reported that in early September the Federal Housing Finance Agency said lenders approved by Fannie Mae and Freddie Mac could use either Classic FICO or VantageScore 4.0 for loans sold to them 7. At the end of September, FHFA Director Bill Pulte said both would apply a single loan-level pricing grid to mortgages scored with either model 7.

HousingWire also reported that Rocket Mortgage plans to make VantageScore 4.0 its default credit model for eligible loans starting in the fourth quarter of 2026 7. Reuters reported that the restructuring is part of a broader move to integrate AI 6. The fiscal 2026 annual report and fourth-quarter results are the next filings that would show the cost and the effect 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.