secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000807863-25-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mitek Q3 revenue $45.7M (+2% YoY), SaaS revenue up 23%; guides FY25 rev $174-177M
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- GAAP net income $2.4M ($0.05 diluted EPS) vs $0.2M ($0.00) a year ago.
- Non-GAAP adjusted EBITDA $13.1M (28.6% margin) vs $12.1M (26.9%) a year ago.
- SaaS revenue $19.3M grew 23% YoY, driving overall growth; Deposits stable.
- Free cash flow $35M for 9M ended June 2025 vs $9.4M prior-year period.
- FY2025 revenue guidance tightened to $174-177M; adjusted EBITDA margin raised to 28-29%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000080786325000120/0000807863-25-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000080786325000120/mitk-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000807863-25-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer