MITEK SYSTEMS INC earnings

Mitek Systems reported fiscal third quarter revenue of $54.0 million, up 18.2% from $45.7 million a year earlier. GAAP net income was $8.4 million, or $0.17 per diluted share, compared with $2.4 million and $0.05 in the prior-year quarter.

Mitek Systems closed the second quarter of fiscal 2026 with record revenue. Total revenue for the three months ended March 31, 2026 was $54.8 million, up 5.6% from $51.9 million a year earlier. Year-to-date revenue reached $99.1 million, an increase of 11.1%. The mix kept tilting toward recurring work.

Mitek Systems delivered a sharp profitability swing in its fiscal 2026 first quarter. Revenue rose 18.8% year over year to $44.2 million. Operating income was $5.4 million, a swing to a profit from an operating loss a year earlier. Net income was $2.8 million, compared with a net loss a year earlier.

Mitek Systems closed fiscal 2025 with mixed momentum. Fourth-quarter revenue rose 3.6% to $44.8 million. Full-year revenue increased 4.4% to $179.7 million. Management pointed to strong SaaS demand across Mobile Verify, HooYu, MiVIP, Mobile Deposit, and Check Fraud Defender as a driver of full-year growth.

Mitek Systems reported fiscal 2025 third quarter revenue of $45.7 million, up 1.7% from the prior-year quarter. SaaS revenue grew 23% year over year, as demand for identity and fraud prevention solutions accelerated.

Mitek Systems reported record fiscal 2025 second quarter results. Revenue was $51.9 million, up 11% from $47.0 million in the prior-year quarter. GAAP net income was $9.2 million, or $0.20 per diluted share, compared with $0.3 million and $0.01 a year earlier.

Mitek Systems reported fiscal 2025 first quarter revenue of $37.3 million, up 0.9% from the prior-year quarter. GAAP net loss narrowed to $4.6 million, or negative $0.10 per diluted share. Operating loss narrowed to $3.1 million. Operating margin improved to negative 8.3%, up 10.5 percentage points.

Mitek's fiscal 2024 fourth quarter revenue rose 14.8% to $43.22 million. Full-year revenue was $172.08 million, flat compared with the prior year. The quarter's operating income was $7.72 million, up 334.7% and a swing to a profit. Full-year operating income was $2.23 million, down 85.7%.

Mitek Systems reported fiscal 2024 third quarter revenue of $45.0 million, up 4% from $43.1 million a year earlier. GAAP operating income was $0.7 million, an operating margin of 1.6%, compared with $1.8 million and 4.2% a year ago.

Mitek Systems reported a mixed fiscal 2024 second quarter. Revenue rose 1.8% to $47.0 million for the three months ended March 31, 2024, compared with $46.1 million in the prior-year quarter. That top-line gain did not carry to the bottom line.

Mitek Systems began fiscal 2024 with a sharp reversal in profitability. Revenue in FY2024 Q1, the three months ended December 31, 2023, was $36.9 million, down 19% from $45.7 million in the prior-year quarter.

Mitek Systems closed fiscal 2023 with a weak fourth quarter. Revenue for the quarter ended September 30, 2023 fell 5.0% to $37.66 million. Operating income swung to a loss of $3.29 million, down 186.5%. Net income swung to a loss of $1.44 million, down 511.4%. Diluted EPS was -$0.03, down 400.0%.

Mitek Systems reported fiscal 2023 third-quarter revenue of $43.07 million, up 9.9% from the prior-year quarter. Operating income was $1.79 million, up 100.7%, and operating margin was 4.2%, up 1.9 percentage points. The bottom line was weaker.

Mitek Systems reported revenue of $46.1 million for FY2023 Q2, up 37.6% from the prior-year quarter. Operating income was $8.69 million, up 224.1%. Net income was $5.17 million, up 1088.3%, and diluted EPS was $0.11, up 1000.0%. The operating margin was 18.8%, up 10.8 percentage points.

Mitek Systems reported revenue of $45.7 million for FY2023 Q1, up 40.7% from the prior-year quarter. Operating income rose 73.4% to $8.4 million. Net income rose 51.4% to $4.7 million. Diluted EPS rose 42.9% to $0.10. Operating margin was 18.3%, up 3.4 percentage points from the prior-year quarter.

Mitek closed fiscal 2022 with solid top-line growth and a much weaker bottom line. Fourth-quarter revenue rose 16.5% to $38.76 million, and full-year revenue reached $143.94 million, up 20.2%. Profit moved the opposite way.

Mitek Systems reported record revenue for its fiscal 2022 third quarter ended June 30, 2022. Total revenue was $39.3 million, up 24% from $31.8 million in the prior-year quarter. Year-to-date revenue through June 30, 2022 was $106.5 million, up 23.1% from $86.5 million in the same nine-month period a year earlier.

Mitek Systems closed its fiscal second quarter with total revenue of $34.7 million, up 20.6% from $28.8 million in the same quarter a year earlier. The company called it a record second quarter. Six-month revenue reached $67.2 million, up 22.7% from $54.7 million.

Mitek Systems started fiscal 2022 with a sharp increase in revenue and operating income. Revenue was $32.5 million for the quarter ended December 31, 2021, up 25.0% from the prior-year quarter. Operating income was $4.83 million, up 214.2%.

Mitek closed fiscal 2021 with record full-year revenue, but the fourth quarter showed a sharp profitability split. Total revenue for FY2021 Q4 rose 8.6% to $33.3 million. Full-year revenue rose 18.2% to $119.8 million. The top line benefited from continued demand for digital identity verification and mobile deposit.

Mitek reported record fiscal third quarter revenue of $31.8 million, up 25% from the prior-year quarter. Growth came from both identity verification and deposit products. The company also launched Check Fraud Defender, an AI-powered cloud-hosted consortium for financial institutions. Twenty percent of the top 25 U.S.

Mitek Systems reported record second quarter revenue for fiscal 2021 Q2 ended March 31, 2021. Total revenue was up 24.1% to $28.77 million. Operating income was up 124.0% to $2.38 million. Net income was up 12.2% to $1.02 million. Diluted EPS was flat at $0.02.

Mitek reported record first quarter fiscal 2021 results. Total revenue was $26.0 million for the quarter ended December 31, 2020, up 17.7% from the prior-year quarter. Operating income was $1.54 million, up 415.8%. Net income was $2.17 million, up 287.0%. Diluted EPS was $0.05, up 400.0%.