Mitek reports record FY2025 revenue $179.7M; SaaS revenue up 21% to $77M

MITEK SYSTEMS INC

FY2025 revenue $179.7M (+4% YoY); GAAP net income $8.8M ($0.19 EPS) vs $3.3M ($0.07) prior year.
SaaS revenue $77.0M (+21% YoY); adjusted EBITDA $53.9M (30.0% margin) up from 27.2%.
Free cash flow $54.2M, up from $30.3M; cash & investments $196.5M, up $54.7M.
Q4 revenue $44.8M (+4% YoY); Q4 GAAP net income $1.9M ($0.04 EPS) vs $8.6M ($0.18) prior year.
Fiscal 2026 guidance mentioned but details not fully provided in release.

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