Mitek Q2 revenue $54.8M record; raises FY2026 guidance

MITEK SYSTEMS INC

2026-Q2 EPS reported $0.25 revenue$99,085,000

Total revenue of $54.8M, up 6% YoY; highest quarterly revenue ever.
SaaS revenue $21.2M (+18% YoY); Fraud & Identity revenue grew 28%.
GAAP net income $9.5M ($0.20 EPS); non-GAAP net income $18.5M ($0.38 EPS).
Adjusted EBITDA $22.3M, margin 40.7% vs 39.0% a year ago.
Cash & investments $77.6M after retiring $155M convertible notes; raised FY revenue & EBITDA margin outlook.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MITEK SYSTEMS INC reported second quarter ended March 31, 2026 results: revenue $54.8 million, net income $9.5 million, EPS $0.20. Guidance raised.

Period: second quarter ended March 31, 2026
Revenue: $54.8 million
Net income: $9.5 million
EPS: $0.20
Guidance: raised
Result: reported results

Exact text from the filing

execution, continued innovation, and scaling our business model to drive durable, long-term value.” Fiscal 2026 Second Quarter Financial Highlights GAAP • Total revenue of $54.8 million was a 6% increase year-over-year, compared to $51.9 million a year ago. • SaaS revenue of $21.2 million was an 18% increase year-over-year, compared to $18.0 million a year ago.

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Source: SEC EDGAR

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