Mitek Q1 revenue $44.2M (+19% YoY), net income $2.8M; raises FY2026 outlook, repays $155M notes

MITEK SYSTEMS INC

2026-Q1 EPS reported $0.06 revenue$44,244,000

Revenue $44.2M (+19% YoY); SaaS revenue $22.2M (+21%); GAAP net income $2.8M vs loss of $4.6M.
Adjusted EBITDA $13.3M (30% margin) vs $7.8M (21.1%); non-GAAP EPS $0.26 vs $0.15.
Repaid $155.3M convertible notes in full; board authorized new $50M share repurchase program.
Appointed Eric Bell as Chief Accounting Officer effective Feb 5, with $200K RSU equity grant.
Raised FY2026 revenue and adjusted EBITDA margin guidance (specific figures not in filing).

item 1.02 item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

MITEK SYSTEMS INC terminated 0.750% Convertible Senior Notes due February 1, 2026 valued at $155,250,000 million in aggregate principal (effective 2026-02-01).

Action: termination
Agreement: notes offering
Value: $155,250,000 million in aggregate principal
Effective: 2026-02-01

Exact text from the filing

On February 1, 2026, Mitek Systems, Inc. (the “Company”) repaid in full its 0.750% Convertible Senior Notes due February 1, 2026, which included $155,250,000 million in aggregate principal plus all accrued interest and terminated all lending commitments thereunder.

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Source: SEC EDGAR

accession 0001628280-26-005789

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