FICO

While covering FICO’s FY 3Q’26 earnings, I wrote: “…there is no doubt that Pulte’s FHFA is overtly hostile to FICO and perhaps investors are concerned that Pulte may have more tricks in his bag to truly hurt FICO’s compounding machine.” On Thursday evening last week, Pulte

FICO 3Q’26 revenue increased +26% YoY, but this was actually slightly below the consensus estimates. I don’t quite think a slight revenue miss was the reason for FICO stock being down ~24% since they reported earnings last week. I will expand on the primary culprit behind the paywall.

Programming Note: This is the final part of my FICO Series. Last month, I announced that I would start publishing my Deep Dives as a series of posts rather than one single post. Having now tried that format with FICO, I’ll be reverting back to single posts for future

This is part-3 of my FICO series. In Part 1, I traced the company’s history through the 2018-2025 pricing-power era and pushed back on the popular narrative that FICO’s monopoly was simply gifted to it by the 1995 GSE decision. In Part 2, I went

Programming Note: This is part-2 of my FICO series. In Part 1, I covered FICO’s history through the 2018-2025 pricing-power era, where the score business finally started capturing the rents it had been giving away to the credit bureaus for three decades. In today’s post,

Programming note: As I have mentioned earlier, I am making some changes in how I publish my Deep Dives. Instead of publishing one big Deep Dive, I will do a series of posts on a particular company over multiple weeks. Today I am publishing first of such multiple posts on