Mitek Q1 revenue flat at $37.3M; raises lower end of Adj. EBITDA margin guidance

MITEK SYSTEMS INC

2025-Q1 EPS reported -$0.10 revenue$37,254,000

Revenue $37.3M flat YoY; GAAP net loss improved to $4.6M ($0.10 loss per share) from $5.8M loss.
Adjusted EBITDA $7.8M (21% margin) vs $5.9M (16%) YoY; Non-GAAP EPS $0.15 vs $0.14.
SaaS revenue grew 29% YoY, offset by lower software license sales.
FY2025 revenue guidance maintained at $170M-$180M; Adj. EBITDA margin guidance raised to 25%-28% (lower end +100bps).
Repurchased 0.4M shares for $3.3M at avg $8.99; free cash flow $0.2M in quarter.

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