MITK
Mitek Systems, Inc.10.10
+0.45+4.66%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
462.00MP/E (TTM)
53.16Basic EPS (TTM)
0.19Dividend Yield
0%Recent Filings
8-K
10-K
8-K
CPO resigns without discord
Mitek Systems' Chief Product Officer Christopher Briggs resigned effective September 19, 2025, following his tender on September 12—no disagreements with company operations or policies noted. This leadership shift leaves product strategy in flux, yet the firm eyes continuity amid its tech focus. No successor named yet.
8-K
Mitek lifts FY25 guidance
Mitek Systems reported Q3 fiscal 2025 revenue of $45.7 million, up 2% year-over-year, driven by SaaS revenue surging 23% to $19.3 million amid accelerating demand for identity and fraud solutions. Adjusted EBITDA climbed to $13.1 million with a 28.6% margin, while free cash flow over nine months hit $35.0 million. The company raised full-year revenue guidance to $174-$177 million and adjusted EBITDA margin to 28%-29%. SaaS shift fuels growth.
10-Q
Q3 FY2025 results
Mitek Systems posted solid Q3 FY2025 results, with revenue climbing 2% year-over-year to $45.7 million, driven by 18% growth in services and other revenue to $26.2 million, though software and hardware dipped 14% to $19.5 million from lower Mobile Deposit renewals. Operating income surged to $3.8 million, up sharply from $0.7 million last year, thanks to tighter cost controls that trimmed G&A and R&D expenses while boosting gross margins. Diluted EPS hit $0.05, aligning with 46.8 million shares, while nine-month YTD revenue rose 5% to $134.9 million and operating income flipped to $12.1 million from a $5.5 million loss. Cash swelled to $127.1 million, with operating cash flow at $35.9 million YTD; the $150.0 million convertible notes due February 2026 loom large, but a new $75.0 million term loan facility offers refinancing runway through 2030, and no revolver draws yet. Free cash flow stood at $34.9 million YTD (derived). Patent trolls keep circling, though.
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