Earnings summaries and quarterly performance for MITEK SYSTEMS.
Executive leadership at MITEK SYSTEMS.
EW
Edward West
Detailed
Chief Executive Officer
CEO
CB
Christopher Briggs
Detailed
Chief Product Officer
DL
David Lyle
Detailed
Chief Financial Officer
GG
Garrett Gafke
Detailed
Chief Operating Officer
JG
Jason Gray
Detailed
Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
MD
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.
AK
Allen Klee
Maxim Group
6 questions for MITK
Also covers: CCG, CCLD, DLPN +11 more
George Sutton
Craig-Hallum
4 questions for MITK
Also covers: ACIW, AEYE, AGYS +26 more
MG
Mike Grondahl
Lake Street Capital Markets
4 questions for MITK
Also covers: ABL, ACCS, APLD +35 more
ST
Surinder Thind
Jefferies Financial Group
4 questions for MITK
Also covers: ASGN, CLVT, CSGP +25 more
Jacob Roberge
William Blair
3 questions for MITK
Also covers: APPN, BL, DDOG +14 more
Derek Greenberg
Maxim Group
2 questions for MITK
Also covers: BLNE, CCG, EEX +6 more
JZ
Jacob Zurbuchen
William Blair
2 questions for MITK
JR
Jake Roberge
William Blair & Company, L.L.C
2 questions for MITK
Also covers: ADBE, APPN, ARCT +13 more
L
Logan
Craig-Hallum
2 questions for MITK
JR
Jake Roberts
TPH&Co.
1 question for MITK
Also covers: CNX, CRK, EQT +2 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
M
Mike
Northland Securities
1 question for MITK
Recent press releases and 8-K filings for MITK.
Mitek Systems Reports Strong Q1 2026 Results and Raises FY26 Guidance
MITK
Earnings
Guidance Update
Share Buyback
- Mitek Systems reported strong fiscal Q1 2026 financial results, with total revenue increasing 19% year-over-year to $44.2 million and Adjusted EBITDA growing 69% year-over-year to $13.3 million.
- The company raised its fiscal year 2026 revenue guidance to $187 million-$197 million and its Adjusted EBITDA margin guidance to 29%-32%, citing strong Q1 execution and improved visibility.
- Growth was primarily driven by the fraud and identity segment, which saw revenue increase 30% year-over-year to $25.5 million, with SaaS revenue growing 21%. The Check Fraud Defender (CFD) product's annualized contract value grew 44% year-over-year to approximately $17 million.
- Mitek announced a new $50 million share repurchase authorization after fully retiring its convertible senior notes, demonstrating a focus on disciplined capital allocation and shareholder value.
1 day ago
Mitek Announces Strong Q1 FY26 Results and Raises Full-Year Guidance
MITK
Earnings
Guidance Update
Share Buyback
- Mitek reported Q1 FY26 Total Revenue of $44 million, marking a 19% year-over-year increase, with Fraud & Identity Solutions Revenue growing 30% to $25 million and SaaS Revenue increasing 21% to $22 million.
- For Q1 FY26, Adjusted EBITDA reached $13 million, up 69% year-over-year, with the Adjusted EBITDA Margin expanding by 900 basis points to 30.0%.
- The company ended Q1 FY26 with a net cash position of $33 million and authorized a $50 million share repurchase program.
- Mitek raised its Fiscal Year 2026 guidance, with Total Revenue now expected to be between $187 million and $197 million and Adjusted EBITDA Margin projected to be between 29% and 32%.
- Fraud & Identity Solutions continue to be a significant growth driver, representing 51% of LTM revenue and growing 18% year-over-year on an LTM basis to $96 million as of December 31, 2025.
1 day ago
Mitek Systems Reports Strong Fiscal Q1 2026 Results and Raises FY26 Guidance
MITK
Earnings
Guidance Update
Share Buyback
- Mitek Systems reported strong fiscal Q1 2026 results, with total revenue increasing 19% year-over-year to $44.2 million and Adjusted EBITDA growing 69% year-over-year to $13.3 million, leading to adjusted EPS of $0.26 per diluted share.
- The company raised its fiscal year 2026 revenue guidance to $187 million-$197 million and its Adjusted EBITDA margin guidance to 29%-32%.
- Fraud and Identity revenue grew 30% year-over-year to $25.5 million, with SaaS revenue up 21%. Check Verification revenue increased 6% year-over-year to $18.8 million, maintaining stable annual transaction volumes of approximately 1.2 billion.
- Mitek announced a new $50 million share repurchase program and simplified its balance sheet by retiring $155 million in convertible senior notes.
- The Check Fraud Defender (CFD) product's annualized contract value reached approximately $17 million, a 44% year-over-year increase, with its datasets now covering over 50% of U.S. checking accounts.
1 day ago
Mitek Systems Reports Strong Q1 2026 Results and Raises FY26 Guidance
MITK
Earnings
Guidance Update
Share Buyback
- Mitek Systems reported strong Fiscal First Quarter 2026 financial results, with total revenue of $44.2 million, up 19% year-over-year, and Adjusted EBITDA of $13.3 million, up 69% year-over-year. Adjusted EPS grew approximately 80% year-over-year to $0.26 per diluted share.
- The company is raising its fiscal 2026 revenue guidance to a range of $187 million-$197 million and its Adjusted EBITDA margin guidance to 29%-32%.
- Fraud and Identity revenue grew 30% year-over-year to $25.5 million, with SaaS revenue in this segment growing 21%. Check Verification revenue was $18.8 million, up 6% year-over-year, maintaining an annual run rate of approximately 1.2 billion mobile deposit transactions.
- Mitek announced a new $50 million share repurchase program and simplified its balance sheet by retiring $155 million in convertible senior notes.
1 day ago
Mitek Systems Reports Strong Q1 2026 Results, Raises Full-Year Outlook, and Authorizes New Share Repurchase Program
MITK
Earnings
Guidance Update
Share Buyback
- Mitek Systems reported strong fiscal Q1 2026 financial results, with total revenue increasing 19% year-over-year to $44.2 million and a shift to GAAP net income of $2.8 million compared to a net loss in the prior year.
- The company raised its full-year fiscal 2026 guidance, now projecting total revenue between $187 million and $197 million and an Adjusted EBITDA margin of 29% to 32%.
- Mitek's Board of Directors authorized a new $50 million share repurchase program on February 5, 2026, which will become effective after the completion of the existing 2024 program, and the company repaid its $155.3 million Convertible Senior Notes in full on February 1, 2026.
1 day ago
Mitek Reports Strong Q1 2026 Results, Raises Full-Year Outlook, and Authorizes New Share Repurchase Program
MITK
Earnings
Guidance Update
Share Buyback
- Mitek reported total revenue of $44.2 million for the first quarter ended December 31, 2025, marking a 19% increase year-over-year, and achieved GAAP net income of $2.8 million compared to a GAAP net loss in the prior year.
- Fraud and Identity revenue grew 30% year-over-year, driven by 21% SaaS growth.
- The company raised its fiscal year 2026 guidance, projecting total revenue between $187 million and $197 million and an Adjusted EBITDA margin of 29% to 32%.
- Subsequent to the quarter end, Mitek repaid $155.3 million in Convertible Senior Notes and authorized a new $50 million share repurchase program.
1 day 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.
Dec 11, 2025, 10:00 PM
Mitek Reports Q4 and Full Year 2025 Financial Results and Provides FY26 Outlook
MITK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mitek reported Q4 FY25 total revenue of $45 million and full-year FY25 total revenue of $180 million, both up 4% year-over-year.
- Fraud & Identity Solutions revenue grew 15% year-over-year to $90 million for FY25, now representing 50% of total revenue, while SaaS revenue increased 21% to $77 million for FY25, reaching 43% of total revenue.
- The company achieved FY25 Adjusted EBITDA of $54 million (30% margin) and generated $54 million in free cash flow, ending the year with a $40 million net-cash position.
- For Fiscal Year 2026, Mitek projects total revenue between $185 million and $195 million and Fraud & Identity Solutions revenue between $101 million and $105 million.
Dec 11, 2025, 10:00 PM
Mitek Systems Reports Q4 and Full-Year 2025 Results and Provides Fiscal 2026 Outlook
MITK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Mitek Systems reported Q4 2025 total revenue of $44.8 million, a 4% increase year over year, driven by 19% SaaS revenue growth.
- For the full Fiscal Year 2025, total revenue reached approximately $180 million, growing 4% year over year, with fraud and identity revenue increasing 15% to $90 million.
- Adjusted EBITDA for FY 2025 grew 15% to $54 million, achieving a 30% margin, and free cash flow was $54 million, representing 100% conversion of adjusted EBITDA.
- The company forecasts Fiscal 2026 revenue between $185 million and $195 million, implying roughly 6% growth at the midpoint, with fraud and identity revenue projected to grow approximately 15%.
- Mitek expects Fiscal 2026 Adjusted EBITDA margins in the 27%-30% range due to strategic reinvestment and has fully remediated all material weaknesses in internal controls. The company also plans to pay off its $155 million convertible debt maturing in early 2026.
Dec 11, 2025, 10:00 PM
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.
Dec 11, 2025, 10:00 PM
Quarterly earnings call transcripts for MITEK SYSTEMS.
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