The earnings call reflects a positive sentiment with strong revenue growth, increased SaaS adoption, and expanded data coverage for Check Fraud Defender. However, some caution remains due to macroeconomic uncertainties and slower growth in the identity segment.

Company Guidance -

Q4 2025

During Mitek's Fiscal 2025 Second Quarter Earnings Conference Call, several key metrics and forward-looking statements were discussed. The company reported a record total revenue of $51.9 million for the quarter, marking an 11% increase year-over-year. Mitek's identity portfolio reached over $71 million in revenue over the last 12 months, driven by strong transaction growth. The Check Fraud Defender product expanded its data set coverage to approximately 23% of U.S. checking accounts, up from 18% in the previous quarter. Additionally, Mitek reported a 15% year-over-year growth in SaaS revenue, now accounting for 40% of the total revenue. The company's non-GAAP gross profit was $45.6 million, representing an 88% gross margin, while adjusted EBITDA was $20.2 million, corresponding to a 39% margin. Mitek also generated $47 million in free cash flow over the last 12 months, highlighting its financial discipline and strategic focus on organic growth, SaaS revenue increase, margin expansion, and free cash flow conversion.

Record Revenue Growth

Total revenue reached a record $51.9 million, up 11% year-over-year in the second quarter.

SaaS Revenue Increase

SaaS revenue grew 15% year-over-year in Q2 and now accounts for 40% of total last 12 months revenue, up from 39% last quarter.

Check Fraud Defender Expansion

Check Fraud Defender now has data sets on 23% of U.S. checking accounts, up from 18% last quarter.

Improved Identity Portfolio Performance

Identity portfolio revenue reached $71.4 million in the last 12 months, driven by strong transaction growth and a 9% increase in identity SaaS revenue.

Increased EBITDA and Free Cash Flow

Adjusted EBITDA was $20.2 million, representing a 39% margin, and the company generated $47 million in free cash flow over the last 12 months.

Mitek Systems (MITK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MITK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q4)	0.17 / -	0.33	―	―	―
Aug 07, 2025	2025 (Q3)	0.19 / 0.22	0.25	-12.00% (-0.03)
May 08, 2025	2025 (Q2)	0.26 / 0.36	0.244	47.54% (+0.12)	―
Feb 10, 2025	2025 (Q1)	0.14 / 0.15	0.14	7.14% (<+0.01)	―
Dec 16, 2024	2024 (Q4)	0.17 / 0.33	0.14	135.71% (+0.19)	―
Aug 08, 2024	2024 (Q3)	0.26 / 0.25	0.2	25.00% (+0.05)	―
May 13, 2024	2024 (Q2)	- / 0.14	0.29	-51.72% (-0.15)	―
Apr 15, 2024	2024 (Q1)	0.26 / 0.24	0.29	-15.86% (-0.05)	―
Mar 19, 2024	2023 (Q4)	0.15 / 0.14	0.31	-54.84% (-0.17)	―
Oct 26, 2023	2023 (Q3)	0.10 / 0.14	0.2	-30.00% (-0.06)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MITK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$8.81	$9.74	+10.56%
Feb 10, 2025	$11.02	$10.16	-7.80%
Dec 16, 2024	$9.49	$10.93	+15.17%
Aug 08, 2024	$11.29	$8.42	-25.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mitek Systems (MITK) report earnings?

Mitek Systems (MITK) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Mitek Systems (MITK) earnings time?

Mitek Systems (MITK) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MITK EPS forecast?

MITK EPS forecast for the fiscal quarter 2025 (Q4) is 0.17.

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