secwatch.observer — SEC 8-K summary
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Issuer:     MITEK SYSTEMS INC (MITK)
CIK:        0000807863
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001628280-25-056525
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/807863/000162828025056525/0001628280-25-056525-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/807863/000162828025056525/mitk-20251211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-056525

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