The earnings call indicated strong growth in SaaS revenue and Fraud and Identity solutions, alongside significant operational efficiencies. However, challenges in deposit software revenue and a slight decline in gross margin were noted. Overall, the highlights outweigh the lowlights, suggesting a positive outlook.

Company Guidance

During the fiscal 2025 third quarter earnings call, Mitek reported significant financial and operational progress. The company's Fraud and Identity solutions experienced a 23% year-over-year SaaS revenue growth, contributing to over 41% of total revenue for the last 12 months. Mitek's Identity product portfolio is nearing profitability, with trailing 12-month Identity revenue reaching $75 million, up 13% year-over-year. The firm's free cash flow for the last 12 months was $56 million, showcasing a 99% conversion rate. Additionally, Mitek's Check Fraud Defender achieved a 56% year-over-year increase in annual contract value, reaching approximately $13.1 million. The firm also reported a non-GAAP gross margin of 85% and improved non-GAAP operating expense intensity from 64% to 55% of last 12 months revenue. Moving forward, Mitek aims to unify its platform to integrate Identity, Authentication, and Fraud, with continued focus on operational excellence and SaaS momentum.

Strong SaaS Revenue Growth

SaaS revenue grew 23% year-over-year, now representing 41% of trailing 12-month revenue, indicating a strategic shift towards a more stable revenue model.

Fraud and Identity Solutions Expansion

Fraud and Identity solutions posted 23% year-over-year SaaS revenue growth, accounting for over 41% of total revenue for the last 12 months.

Check Fraud Defender Growth

Annual contract value for Check Fraud Defender reached approximately $13.1 million, up 56% year-over-year, with strong momentum in new financial institution partnerships.

Operational Efficiency Improvements

Free cash flow for the last 12 months was $56 million, representing a 99% conversion rate, and non-GAAP operating expense intensity improved from 64% to 55% of last 12 months' revenue.

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

Daily Earnings Calendar >

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
Aug 07, 2025	$9.13	$9.94	+8.87%
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%

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 Inc (MITK) report earnings?

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

What is Mitek Systems Inc (MITK) earnings time?

Mitek Systems Inc (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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