As a reminder, this conference is being recorded Wednesday, August 2, 2023. I'd now like to turn the conference over to Steve Weber. Please go ahead. Good afternoon, and thank you for joining FICO's third quarter earnings call. I'm Steve Weber, FICO's CFO, and I'm joined today by our CEO, Will Lansing. Today, we issued a press release that describes financial results compared to the prior year. On this call, management will also discuss results in comparison to the prior quarter in order to facilitate understanding of the run rate of our business. Certain statements made in this presentation may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. Those statements involve many uncertainties that could cause actual results to differ materially. Information concerning these uncertainties is contained in the company's filings with the SEC, in particular, in their risk factors and forward-looking statements portions of such filings. Copies are available from the SEC, from the FICO website, or from our investor relations team. This call will also include statements regarding certain non-GAAP financial measures. Please refer to the company's earnings release and Regulation G schedule issued today for a reconciliation of each of these non-GAAP financial measures to the most comparable GAAP measure. The earnings release and Regulation G schedule are available on the investor relations page of the company's website at fico.com, or on the SEC's website at sec.gov. A replay of this webcast will be available through August 2, 2024. With that, I'll turn the call over to Will Lansing. Thanks, Steve, thank you everyone for joining us for our third quarter earnings call. On the investor relations section of our website, we posted slides that offer financial highlights of our third quarter. I am pleased to report we delivered another exceptional quarter, with record revenue and profitability and strength throughout our business. Today, I'll talk about this quarter's results and our increased guidance for the whole fiscal year. As you can see on page two of the presentation, we reported record revenues of $399 million, an increase of 14% over the same period last year. We delivered $129 million of GAAP net income and GAAP earnings of $5.08 per share, growing 38% and 41%, respectively, over the prior year. On a non-GAAP basis, net income was $143 million, with earnings per share of $5.66, representing year-over-year growth of 24% and 27%. We continue to deliver strong results throughout the business. Scores revenue was a record $202 million, up 13% in the quarter versus the prior year. As you can see on page six of the presentation, B2B revenues were up 24%, driven primarily by increased originations revenues. Mortgage originations revenues were up 135% versus last year. Auto origination revenues were up 5%. Credit card, personal loan, and other origination revenues were up 2%. On B2C, revenues were flat with last quarter and down 11% versus the same period last year. That was due to difficult comps. In our software business, we continue to drive growth with FICO Platform, which provides the power of analytics and AI to enable smarter business decisions at scale. You can see on page seven, we delivered overall ARR growth of 20%, a significant milestone for us, and Platform ARR growth of 53%. This represents our 15th straight quarter of Platform ARR growth in excess of 40%. We continue to drive strong net retention rates as our customers continue to increase volumes and find new use cases. Overall, NRR increased to 117%, as shown on page eight. Legacy off-platform NRR was 109%, as volumes grew in many of our customers. Platform NRR was 142% due to expanded use cases driven by the success of our land and expand strategy. We continue to see strong demand for our software. As you can see on page nine, we had another quarter of double-digit growth, with ACV bookings up 13% over the same period last year. We continue to see a strong pipeline of opportunities and are seeing strong demand for FICO Platform. We had firsthand confirmation of the critical nature of FICO Platform at our recent FICO World Conference. This is a three day event. It attracted customers from more than 60 countries, where they shared best practices, learned about the latest in AI and advanced analytic innovations, and learned new approaches for digital transformation. We talked about how FICO Platform can design, build, and deliver AI-powered, hyper-personalized customer journeys across every touch point and with every interaction. Personally, I enjoyed the opportunity to meet our customers and hear from them how we're working together to optimize their most difficult decisions. One customer said, "I knew the FICO Platform had potential to help transform our business from a decision-making perspective, but I'm now blown away by the scope of the platform and communications capabilities." Another customer told us, "FICO doesn't sell software. You sell intelligence. That's way more valuable." Yet another customer simply said, "We either do this now or we fail forever." I'm proud of our technological excellence and the team that supports our customers to transform their business. Finally, I'd like to say a few words about our partnership with Chelsea Football Club, where we're working together to empower students, adults, and communities across the U.S. with financial literacy tools and knowledge to make informed credit decisions that last a lifetime. We are hosting fundamentals workshops in partnership with the U.S. Soccer Foundation to empower the younger generation with the essential credit knowledge to jumpstart their credit journeys. Financial literacy correlates with better outcomes in education, but we know that the playing level field is not always equal. One in five U.S. teenagers lack basic financial literacy skills. Around 74% of teens aren't confident in their financial knowledge.... We're working on tackling this financial education gap to get more young people in the game. In each of the five cities that Chelsea is playing this summer, we're working with local partners to bring teenagers from traditionally underserved communities to these fundamentals workshops that are held on or near game day. The students will have an opportunity to attend the Chelsea football game taking place in their city. For the wider community in these cities, FICO is also hosting Score A Better Future credit education events, which are free to the public and will provide local residents with knowledge and tools to gain better insight into their financial health and understanding of their FICO Scores. We know that FICO Scores have allowed much more equitable access to credit, and we're committed to helping educate consumers about processes to foster broader inclusion. I'll have some final comments, including an increase in our guidance in a few minutes, but first, let me turn the call back to Steve for further details. Thank you. As Will said, we delivered another very strong quarter in both our scores and software segments. Total revenues for the third quarter were $399 million, an increase of 14% over the prior year. In our scores segment, revenues were $202 million, up 13% from the same period last year. B2B scores revenues were up 24% over the prior year, driven by increased originations revenues. We drove revenue increases in mortgage, auto, and credit card, personal loan, and other originations. This quarter, mortgage originations revenues were up 135% from the same quarter last year. Auto originations revenues were up 5%, and credit card, personal loan, and other originations revenues were up 2% over last year. B2B scores revenues were down 11% from the same period last year, again, due to difficult comps. B2C revenues have been relatively flat throughout FY 2023. Software segment revenues in the third quarter were $197 million, up 16% versus the same period last year. Software recognized over time were $147 million, or 74% of total software revenues. License revenues recognized upfront or at a point in time, were $25 million this quarter and represented 13% of software revenues. Our professional services revenues were $25 million, also representing 13% of total software revenues. In the third quarter, 87% of total revenues were derived from our Americas region. Our EMEA region generated 8%, and 5% were from Asia Pacific. Our software ARR in the third fiscal quarter of 2023 was $646 million, a 20% increase over the period the prior year. Our platform ARR was $164 million, up 53% from last year, and represented 25% of our total third quarter ARR, compared with 20% last year. Our non-platform ARR also grew very well and was $482 million in the third quarter, up 11%. As a reminder, all of our ARR numbers have been adjusted for the divestitures we've made. Our dollar-based net retention rate in the quarter was 117% overall, versus 109% last year. We continue to show very strong net expansion from our platform customers due to follow-on sales of new use cases and from increased usage. The DBNRR for platform was 142% in the third quarter. Our non-platform customer software usage also increased this quarter due to increased volumes and CPI increases. The non-platform NRR was 109%. We had another good quarter of software sales with ACV, our annual contract value, bookings of $21 million, versus $19 million in the prior year, an increase of 13%. As a reminder, ACV bookings include only the annual value of software sales and exclude professional services. Total operating expenses in the third quarter were $222 million this quarter, versus $208 million in the prior year, $221 million in Q2. Third quarter expenses included our FICO World event in May, and a one-time reimbursement of third-party data implementation costs that were previously incurred in a previous quarter. Our non-GAAP operating margin, as shown on our Regulation G schedule, was 53% for the year, a 400 basis point improvement over the previous year. GAAP net income this quarter was $129 million, up 38% from the prior year quarter, and included a non-cash reduction to income tax expense of $9.5 million associated with the valuation of our R&D tax credits. GAAP EPS of $5.08 was up 41% from the prior year. Our non-GAAP net income was $143 million for the quarter, up 24% versus the same quarter last year, and the non-GAAP EPS was $5.66, up 27% from the prior year. The effective tax rate for the quarter was 18% and included the adjustment to the valuation of the R&D credits I mentioned earlier. We expect our Q4 recurring tax rate to be approximately 25%-26%. That expected recurring tax rate is before any excess tax benefit or other discrete items. Free cash flow for the quarter was $122 million. For the trailing 12 months, free cash flow was $446 million. At the end of the quarter, we had $195 million in cash and marketable investments. Our total debt at the quarter end was $1.93 billion, with a weighted average interest rate of 5.1%. Currently, about 67% of our total debt is fixed rate. Our floating rate debt is pre-payable at any time, giving us the flexibility to use free cash flow to reduce outstanding floating rate debt balances in future periods. Turning to return to capital, we bought back 130,000 shares in the third quarter at an average price of $753 per share. At the end of the quarter, we had $237 million remaining on the current board authorization, and we continue to view share repurchases as an attractive use of cash. With that, I'll turn it back to Will for his thoughts on the rest of FY 2023 and an increase in our full year guidance. Thanks, Steve. As we finish our fiscal 2023 year, I am extremely pleased with the progress we've made in advancing our strategic initiatives, and I'm bullish on both of the segments of our business. Our Scores business continues to deliver strong growth, and we're dedicated to innovation to face industry challenges in the years to come. Our software business, through FICO Platform, is enabling customers to use the latest analytics and AI technology to optimize their consumer interactions. Finally, today, we're again raising our full year guidance as we enter the final quarter of our fiscal year. We are raising our full year revenue guidance to $1.5 billion. We are also increasing our GAAP and non-GAAP net income guidance. GAAP net income is now expected to be $428 million. GAAP earnings per share is now expected to be $16.90. non-GAAP net income is now expected to be $500 million. non-GAAP EPS is expected to be $19.70. I'll now turn the call back to Steve, and we'll take some Q&A. Thanks, Will. This does conclude our prepared remarks, and we're ready now to take your questions. Operator, please open the lines. Thank you. If you would like to register a question, please press the one followed by the four on your telephone. You will hear a three-tone prompt to acknowledge that request. If your question has been answered and you would like to withdraw your registration, please press the one followed by the three. Your first question comes from line of Manav Patnaik with Barclays. Your line is open. Thank you. I was hoping, I guess, for my first question, you would just help us walk through how you thought about the guidance changes. It looked like, I mean, obviously, you raised it, but it didn't seem like it was the full, you know, extent of the beat. Just curious what you're assuming, you know, for the last quarter and the, and the variability quarter to quarter, I suppose? Yeah, you know how we, Manav, we're pretty conservative with the way we guide, and we don't want to be in a situation where we feel like we have to close deals on the last week of the quarter to hit a number. If we can get a better deal pushing into next year, we're, we're, we're obviously willing to do that. You know, we're pretty, we're pretty conservative, and we, you know, we don't go out on a limb with any of this. We typically don't guide quarter to quarter. As you know, we typically guide full year, and maybe we'll update in the middle of the year. It's a big deal for us to raise guidance with 1 quarter to go. You know, we thought we pretty much had to. you know, you can take it, you know, how you, how you want, but, I mean, we, we are pretty conservative with the way we guide. Okay, fair enough. Then, you know, obviously, the-. I will say just one more thing, Manav. Sure. Manav, I will say that we did have some, a fair amount of one-time license revenue this quarter that we probably may or may not have in the fourth quarter, so we don't want to count on that. Yeah, fair enough. Okay, you know, just on the Scores business, I mean, the, the mortgage origination numbers speak for your pricing efforts there, but, you know, can you just tell us where we are on, you know, card, auto, and the other stuff, like, in terms of, you know, the, the pricing strategy there? I mean, they all had some pricing increases this year, probably more in line with CPI. In terms of volumes, mortgage is still down. It's, you know, we're, we're seeing the same decreases that the bureaus are reporting. Auto is relatively flat year-over-year, and cards actually down a little bit. The originations this quarter are actually down a little bit. You know, we don't go into a lot more detailed map. You can kind of back into what... You know, we, we see the same things that the bureaus see in terms of volumes. Okay, thanks a lot, Steve. Your next question comes from line of Faisal Alwi with Deutsche Bank. Your line is open. Yes. Hi, thank you. I wanted to follow up first on the software side of the business. You mentioned one-time licensing revenue, and maybe I, I, missed that, but talk to us more about like, what drove that, you know, I, I know you said you, you're not counting on that for 4Q, but what, what were some of the drivers around that? You know, we had, we had some renewals. We had one fairly large renewal. If you look at our point in time, revenue was $25 million this quarter. That's a little bit more than we have been trending, so it's not, you know, that sizable. You know, that's a, that's a number that can have some variability from quarter to quarter. You know, I think it was $20 million the quarter before that. You know, those things happen when they happen, and we don't want to be, you know, put into a position where we have to have them happen in specific quarters. We're cautious the way we-- with the way we guide. Okay. That's not much of our business anymore. It used to be, it used to be 20%+ of our business. Now it's, you know, 10%. Actually, it's less than 10%. It's a small part of the business, but, you know, it's, it's still, it's still a, a meaningful number when you're looking at one quarter. Okay, okay. My next question is, you know, generally around the Scores business. With only one quarter left, and, you know, we're looking ahead to next year, and I know you're sort of getting to the time where you start talking about pricing for next year. Curious how you're thinking about that. There's obviously a lot of changes that are supposed to happen in the mortgage space in particular. Talk to us about, you know, any initial thoughts you might have around pricing. It, you know, it really is a little bit early for us to talk about pricing. We're still thinking that through. You know, I think you can anticipate that there will be continued increases in price, where, you know, where we think that the market warrants it, where the value we're providing demands it. In terms of significant changes to the structure of the market and the structure of our pricing, we don't anticipate that ... Yeah, I mean, I think a lot of those timelines have kind of been pushed already, so it's, we make the decisions based on the information we have at hand. It's, you know, other than that, it's difficult to know what's gonna happen when. You know, I think the thing to keep in mind is this is, this is a big and very important market, and it's important that any kinds of changes happen slowly, incrementally, you know, with and with the ability to anticipate kind of how the market will behave. So, you can expect us to be good players as far as all that goes. Understood. Thank you. Your next question comes from the line of Surinder Thind with Jefferies. Your line is open. Thank you. The first question is just around FICO World 2023. The conversations that you have with clients there, how quickly do those conversations translate into signed contracts and then eventually revenues? And related to that, how big a source of new customers is that for you? Great question. Thanks, Surinder. It's, it's a tremendous source of, of business for us, with existing customers and with new customers. The, the speed with which it translates into business is actually quite a large continuum. We have deals that get signed at FICO World. I mean, we obviously try to close business on the spot, where appropriate. Then there's other things that just go into the pipeline, and then we work the pipeline over the subsequent year. Our pipeline has been getting shorter. You know, our pipeline used to be over 400 days. We're down well below that today and continuing to trend downward, which is a good sign. The, the thing with FICO World is it's really an opportunity for our customers to talk to other customers who have shared problems, shared experience, and to really get kind of a real-world feedback from customers who've implemented our software on how it's worked and what it's done for them, and what kind of returns they can expect, and the timelines for implementation, and so on. And, and because the platform, in particular, is so successful, it's working so well, there's, there's a lot of good stories to be told. And, you know, it's, it's obviously way more credible when our customers are telling the story and, and, you know, acting as reference customers than when we're out just selling our wares. And so FICO World's a very important event for us, you know, to, to be able to put customers in touch with one another. Frankly, they do the selling. We, you know, we're, we're there to facilitate. That's helpful. A question about the FHFA timeline for the switching over to the new mortgage scores. Any color there in terms of the conversations that you're having with customers or clients at this point in time, just to understand whether the timelines are realistic, are things already being engaged at this point? How should we think about the transition period? I, I think that it's likely that the timelines will be extended. There's, there's additional review going on, and there's obviously a lot of detail that needs to be worked out that, that wasn't completely worked out at the time of the announcement. So I, I think, you know, all signs point to a more thoughtful and, and, more drawn-out timeline. Thank you. Your next question comes from the line of Kyle Peterson with Needham. Your line is open. Hey, good afternoon, guys. Thanks for taking the, the questions. You know, just wanted to touch in a little bit on, you know, the guidance raise and, and kind of where you guys have been kind of seeing upside, at least kind of year to date here, particularly on the score side of the business, I guess. You know, where have, you know, things maybe been trending, you know, a little better than expected? I mean, it seems like mortgage has been notably strong, seems like a lot of that's price. But I guess, like, is there anywhere in the guide, at least so far, where you guys have been kind of tracking above and, and is kind of part of, you know, what allowed you guys to raise today? I think just what, what allows us to raise is just more time has gone by and there's less risk, right? We've already banked three quarters worth of numbers. You know, entering the year, even at the midway point of the year, you know, there's a lot of questions. I mean, we've, we've, we've gone through the Silicon Valley Bank crisis. We've gone through, you know, multiple rate increases. There's been a, you know, you go back to the start of the year, I, you know, there's a lot of, lot of uncertainty. You know, we have three quarters less of uncertainty now at this point. You know, we still got another quarter to go, and we'll see. You know, obviously, we've, we've generated really good numbers to date, that just gives us more confidence in, you know, raising the guide. Great. That's helpful. And then, you know, just to follow up, really on the Platform, ARR, you know, another quarter of, you know, kind of 50+% year-on-year growth. Really impressive to see. Are you guys seeing... You know, is, is your customer net, you know, kind of widening? It seems like you guys got a lot of traction, you know, with some international banks early, but, you know, it seems like that might be, you know, expanding a little bit or, you know, in the other kind of related verticals. But I guess, how should we think about, you know, the pipeline and your ability to maintain, you know, some of these, really robust, you know, growth rates, specifically as, you know, the, the law of large numbers kind of kicks in and makes the comps a little harder? The growth in the platform is coming from both existing customers and new customers. We continue to add enterprise customers as, as you know, as they learn more about what we have to offer and as they talk to their competitors and, and see what's on offer. Then once, once it's installed, once implemented, most of our customers find additional uses and wind up increasing volume and increasing use cases over time. You know, we're still early days, and we're still adding lots of new customers. Over time, in the fullness of time, I would expect that, that, you know, there'll be more emphasis on the expand piece than the land piece. But for now, it's, you know, it's kind of equal parts. We're seeing both sides of it. You know, it's, I mean, it's a good story. We have always said that, you know, trees don't grow to the sky, and we don't anticipate 50%+ growth rates forever. I will say that I'm very pleased that here we are in our 15th quarter of very high growth for the platform, and with no seeming signs of abatement. It's, the uptake is tremendous, and certainly, our potential market, the potential use case is very, very large. I don't think that we have to, you know, we're not, we're not worried about law of large numbers yet. Okay, that's great to hear. Thanks, guys. Nice quarter. Your next question comes from the line of George Tong with Goldman Sachs. Your line is open. Hi, thanks. Good afternoon. You now have several months under your belt from when you raised prices and scores at the beginning of the year. Can you provide an update on customer receptivity to overall pricing actions this year, and what credit volume assumptions for fiscal 4Q are reflected in your full year guide? Customer reaction, let me take that one first. I, you know, I think that our customers find lots of value in the scores and what they do, and, and recognize that they're a tremendous value. At the same time, no customer likes prices going up. So, as you can imagine, when we raise prices, we hear about it. And I, you know, discussions go on, and I think that the numbers speak for themselves. Our customers are very happy with the offering, with the product, and with, with what it does for them. That, that's kind of how it goes. That's how it's gone for many years, and I don't expect that to change. We, we don't, we won't share our assumptions for next quarter. I, you know, I, I think. No, honestly, George, I think I've talked about this before. The way we do this is we, you know, roll up all of our numbers and do a forecast and then haircut that with what we're willing to guide. It's, it's a, you know, it's a percentage of the total number we come up with. You know, there's a lot of things that, that, that go into that. It's like running a Monte Carlo simulation, right? We don't have a, you know, one set of expectations for the next quarter. But again, we're, we're conservative with the way we guide to make sure that we'll exceed. Got it. That's helpful. Then on the software side, ARR growth was very strong at 20% this quarter. Can you talk a little bit more about what's fueling that growth acceleration, particularly in this relatively tough macro environment? How much of the growth reflects large bank adoption of your platform solutions, increase in use cases, increase in usage, or other factors? Thank you. We had some big deals with existing customers, and then we also added new customers. It's really both. We, and on the non-platform side, we had good volume. Obviously, those numbers look good too, right? The ARR on the non-platform side, we had some good volumes on the CCS side and some strong numbers in the Falcon Fraud side as well. You know, it's pretty much strength throughout the portfolio, and on the, on the platform side, it's just a continued expansion. We had some customers, big customers, go live this quarter, and, you know, that just, you know, it's, it's new revenue, essentially. Got it. Thank you. Your next question comes from the line of Jeff Mueller with Baird. Your line is open. Yeah, thank you. Let me just pick up there. Is there some thought that the non-platform business has some decent growth potential, like you saw this quarter? Then if you could just maybe address if the licensed step up and the large renewal was in platform or non-platform. Yeah, I mean, it's not. That's hard to say. I mean, I think we had some pent-up volumes, you know, coming out of the pandemic, where there's some more activity here. I don't think the off-platform long term is probably gonna be a significant growth driver for us. You know, it's nice to see those numbers, you know, perform fairly well. The license deal? The license, so the license deal was, that was a legacy business deal. That was not on the platform. That was a renewal of a legacy deal. Got it. It's probably worth noting that our, our, our legacy software is installed, and it winds up having a very, very long life. You know, we see things renewed kind of every three years, and it could be renewed 3, 4, or 5x. Right. I would expect that, you know, for, for our current book of business in-- on the legacy side, that we expect continued renewals, and we expect to be supporting and, and, and seeing customer interest in those in that software for a very long time to come, easily a decade. We haven't abandoned the software. Just to be really clear, I mean, legacy has kind of a pejorative flavor to it, which it should not. I mean, our legacy software is industry-leading, and it does what it does better than any other software on the market, and our customers know it, and they love it. We continue to spend money on innovation there. We continue to spend money, R&D, to make sure that the, the functionality is as good as it can possibly be. You know, as Steve said, we don't look to it as a source of growth, but it's not shrinking either. I mean, it's, you know, it's a very solid business. Just one more thing to add to that. The, the, the license deal was a renewal of a term deal, that's not included in the ARR. The ARR is driven by volumes, essentially, on CCS and, and other, you know, Falcon Fraud, you know, maintenance and, and, and volume. The, the, you know, the license deals that are term license deals are outside of that. Got it. Then I get that it's early to talk 2024 pricing, but maybe if you can just talk about the 2023 experience. Like you said, the numbers speak for themselves, and they speak loudly. 2023, historically high pricing, so just what did you learn from the experience, and is there the potential that the 2023 pricing level could be the new normal, going forward after you, you have some time under your belt on seeing how it resonated? Well, I think it's a little bit early to say, and we'll have to see how things unfold. But I, you know, I, I think that you can expect continued growth in scores, and both from contribution from price and contribution from higher volumes that we anticipate next year. Okay. Then just last, could you just address ARR, and if there was any sort of, like, new system you implemented, any change in payment terms, or if it's just natural variability, and when you'd expect kind of the, the step-up in collections? Yeah. It, it really is not... what it really comes down to, for the most part, is scores. We accrue the new revenue, and it takes a while for the payments to come in, right? You're gonna get a little bit of a lag. When it jumps up that quickly, you have, you know, your ARR goes up. I think we were asking about that even last quarter about the, you know, the, free cash flow. We're starting to see more of the free cash flow flow through now because, you know, the, the ARR from last quarter is flowing through today. It, it does take a while for that to... Because there's such a significant uptick, that it takes a while for it to flush through. Got it. Thank you, guys. Gentlemen, your last question will come from the line of Rajiv Bhatia with Morningstar. Your line is open. Good afternoon, and thank you for taking my question. Just on the myFICO business- Yeah. -which you've talked about being a $100 million annual business, I guess, first of all, how much of that business is kind of consumer monthly subscriptions versus consumer one-time reports? Then secondly, how do you think about pricing and pricing elasticities for the myFICO business? I mean, the bulk of it is subscriber. It's like monthly, monthly subscription. It's like any other product, you know, subscription product sold to a consumer, it's, it's depends on what you're, what you're selling them and, and what's involved, what's included in the package. We, we have a really good team that works on that, and they, you know, they do different packaging at different price points and do a lot of, you know, consumer testing. It's, you know, it's never static. It's never one product at one price that's, you know, automatically raised at a certain rate. It really is it's about an understanding the consumers and what the consumers are looking for and bundling different services and products in with that, and then testing different price points. I guess, historically, how much pricing have you taken in that business? Yeah, is that we can't even look at it that way, really, because what we do is we end up bundling it, different products in with it at a different price point. It's, it's rarely about a static product that's sold at increased prices. It's usually, you add more functionality to it or add different tiers, with more functionality or more products or services, and then you charge more for that. Okay, thank you. I, I think what's interesting about the business is that, you know, almost any consumer who wants to get a free FICO Score today can get one. I mean, from their bank, from the... I mean, it's relatively easy to get your FICO Score. And in spite of that, we have a lot of consumers who are interested in managing it and monitoring it on a regular basis, and they come, and they pay money monthly to, you know, to subscribe and, and keep an eye on it. And obviously, these are the people who are most focused on their financial health, and it's, you know, it's a good service for them. And this, this has been the case now for years. We've been providing free scores for many, many years now with open access, and it hasn't hurt the myFICO business. The myFICO business is very strong. All, there are no further questions. I'll turn it back to yourselves for closing remarks. Thank you very much. Great. Thank you very much, everyone, for joining today. This does conclude our call, and we look forward to speaking with you again soon. Thanks. That does conclude the conference call for today. We thank you for your participation and ask that you please disconnect your lines.