Earnings summaries and quarterly performance for MITEK SYSTEMS.
Executive leadership at MITEK SYSTEMS.
Edward West
Detailed
Chief Executive Officer
CEO
Christopher Briggs
Detailed
Chief Product Officer
David Lyle
Detailed
Chief Financial Officer
Garrett Gafke
Detailed
Chief Operating Officer
Jason Gray
Detailed
Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
Michael Diamond
Detailed
Senior Vice President, Deposit Solutions
Board of directors at MITEK SYSTEMS.
Research analysts who have asked questions during MITEK SYSTEMS earnings calls.
Jacob Roberge
William Blair
3 questions for MITK
Also covers: APPN, BL, DDOG +14 more
Allen Klee
Maxim Group
2 questions for MITK
Also covers: CCG, CCLD, DLPN +11 more
Derek Greenberg
Maxim Group
2 questions for MITK
Also covers: BLNE, CCG, EEX +6 more
George Sutton
Craig-Hallum
2 questions for MITK
Also covers: ACIW, AEYE, AGYS +26 more
Mike Grondahl
Lake Street Capital Markets
2 questions for MITK
Also covers: ABL, ACCS, APLD +34 more
Surinder Thind
Jefferies Financial Group
2 questions for MITK
Also covers: ASGN, CLVT, CSGP +25 more
Jake Roberge
William Blair & Company, L.L.C
1 question for MITK
Also covers: ADBE, APPN, ARCT +13 more
Logan W Lillehaug
Craig-Hallum Capital Group LLC
1 question for MITK
Also covers: AGYS, APLD, GDOT +4 more
Lucas John Horton
Northland Capital Markets
1 question for MITK
Also covers: CDLX, LINC, OPFI +2 more
Recent press releases and 8-K filings for MITK.
Mitek Systems Reports Strong Fiscal 2025 Results and Provides Fiscal 2026 Outlook
MITK
Earnings
Guidance Update
New Projects/Investments
- Mitek Systems (MITK) reported Fiscal 2025 total revenue of $180 million, a 4% consolidated increase year-over-year, with Q4 2025 revenue at $44.8 million, also up 4% year-over-year.
- The company's SaaS revenue grew 21% in Fiscal 2025, now representing 43% of total revenue, and achieved $54 million in Adjusted EBITDA, a 30% margin.
- Mitek introduced a new reporting structure, disaggregating revenues into fraud and identity (which grew 15% to $90 million in Fiscal 2025) and check verification.
- For Fiscal 2026, Mitek projects total revenue of $185 million to $195 million (approximately 6% growth at the midpoint) and expects Adjusted EBITDA margins in the 27%-30% range, reflecting deliberate reinvestment.
4 hours ago
Mitek Reports Strong Q4 and Full-Year 2025 Results, Provides Fiscal 2026 Guidance
MITK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mitek closed Fiscal 2025 with $180 million in total revenue, a 4% year-over-year increase, driven by 15% growth in fraud and identity revenue to $90 million and a 21% acceleration in SaaS revenue, which now constitutes 43% of total revenue.
- The company achieved $54 million in Adjusted EBITDA for Fiscal 2025, representing a 30% margin, and generated $54 million in free cash flow, equating to 100% conversion of Adjusted EBITDA.
- Mitek ended Fiscal 2025 with a $40 million net cash position and repurchased $5 million in shares during the year, with an additional $7.7 million repurchased through December 10, 2025.
- For Fiscal 2026, Mitek expects revenue between $185 million and $195 million, implying approximately 6% growth at the midpoint, with Adjusted EBITDA margins projected to be in the 27%-30% range.
- The company also announced the full remediation of all previously reported material weaknesses in its internal controls.
6 hours ago
Mitek Systems Reports Record Fiscal 2025 Revenue and Provides Fiscal 2026 Guidance
MITK
Earnings
Revenue Acceleration/Inflection
Guidance Update
- Mitek Systems reported record fiscal 2025 revenue of $179.7 million, a 4% increase year-over-year, with SaaS revenue accelerating by 21% to $77.0 million.
- For fiscal year 2025, GAAP net income was $8.8 million (diluted EPS of $0.19), and Non-GAAP net income was $44.7 million (diluted EPS of $0.95).
- Adjusted EBITDA for fiscal 2025 increased to $53.9 million, representing a 30.0% margin.
- The company ended fiscal 2025 with $196.5 million in total cash and investments as of September 30, 2025.
- Mitek Systems provided fiscal 2026 guidance, projecting total revenue between $185 million and $195 million and an Adjusted EBITDA margin between 27% and 30%.
7 hours ago
Mitek Systems Reports Record Fiscal 2025 Revenue and Provides Fiscal 2026 Guidance
MITK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mitek Systems reported record fiscal 2025 revenue of $179.7 million, representing a 4% increase year-over-year.
- SaaS revenue growth accelerated to 21% year-over-year, reaching $77.0 million for fiscal 2025.
- GAAP net income for fiscal 2025 was $8.8 million, or $0.19 per diluted share.
- Total cash and investments increased by $54.7 million to $196.5 million as of September 30, 2025.
- For fiscal year 2026, the company anticipates total revenue between $185 million and $195 million, with an Adjusted EBITDA margin of 27% to 30%.
8 hours ago
Mitek Systems Inc. Announces Q3 FY25 Results and FY25 Outlook
MITK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mitek Systems Inc. reported Q3 FY25 total revenue of $46M, a 2% increase year-over-year, driven by a 24% increase in Identity revenue to $20M and a 23% increase in SaaS revenue to $19M.
- For Q3 FY25, Adjusted EBITDA was $13M, an 8% increase year-over-year, with an Adjusted EBITDA margin of 28.4%, up 160 basis points.
- The company generated $21M in Free Cash Flow in Q3 FY25, a 69% increase year-over-year, contributing to a net cash position of $25M as of June 30, 2025.
- Mitek provided a FY25 total revenue outlook of $174M-$177M and an Adjusted EBITDA margin outlook of 28%-29%.
Aug 7, 2025, 9:00 PM
Mitek Systems Inc Outlines Strategic Transformation at William Blair Growth Stock Conference
MITK
Revenue Acceleration/Inflection
Share Buyback
New Projects/Investments
- Company overview: Mitek Systems highlighted its strong market presence with over 7,000 customers and approximately $170M in revenue, driven by its leading mobile deposit platform and evolving fraud solutions.
- Strategic focus: The company is working to integrate its acquired platforms, drive down unit costs, and attain durable double-digit organic growth while increasing its SaaS revenue share and improving margins toward an adjusted EBITDA margin above 30%.
- Technological innovation: Mitek is enhancing its fraud prevention and identity verification capabilities, addressing the challenges posed by generative AI and synthetic fraud, thereby reinforcing its leadership in high-assurance digital transactions.
- Capital allocation: A balanced approach emphasized ongoing growth investments alongside a share repurchase program, with $50M authorized and approximately $23M remaining for opportunistic buybacks.
Jun 4, 2025, 2:26 AM
Mitek Systems Inc Reports Q2 2025 Results
MITK
Earnings
Revenue Acceleration/Inflection
Guidance Update
Debt Issuance
- Record Q2 performance: Delivered record revenue of $51.9 million and record GAAP net income of $9.2 million .
- SaaS strength: Achieved 15% YoY growth with SaaS revenue now comprising 40% of LTM revenue, bolstering identity verification and fraud management solutions .
- Guidance update: Maintained full-year revenue guidance of $170–180 million and raised adjusted EBITDA margin guidance to 26%–29% for fiscal 2025 .
- Debt management: Secured a new $75 million term loan facility to retire 2026 convertible notes, enhancing financial flexibility .
- Identity portfolio progress: Last 12 months' identity revenue reached $71.4 million, with identity SaaS revenue growing 9% YoY .
- Check Fraud Defender traction: ACV nearly reached $13 million with U.S. checking account data coverage rising from 18% to 23% .
May 8, 2025, 9:01 PM
Mitek Systems Inc Announces SEC Enforcement Update and 8-K Filing
MITK
Legal Proceedings
- Mitek Systems Inc filed an 8-K report on March 8, 2025, detailing key events including the SEC Enforcement Staff’s findings, with no enforcement action being recommended.
- The report also includes the financial statements and exhibits, notably featuring an interactive data file in iXBRL format.
Mar 11, 2025, 12:00 AM
Quarterly earnings call transcripts for MITEK SYSTEMS.
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