Highest-materiality recent filing
Mitek Q2 revenue $54.8M record; raises FY2026 guidance
Total revenue of $54.8M, up 6% YoY; highest quarterly revenue ever.
Mitek Q1 revenue $44.2M (+19% YoY), net income $2.8M; raises FY2026 outlook, repays $155M notes
Revenue $44.2M (+19% YoY); SaaS revenue $22.2M (+21%); GAAP net income $2.8M vs loss of $4.6M.
Mitek borrows $50M under term loan facility to fund convertible note maturity
Borrowed $50M on Jan 21, 2026 under delayed draw term loan from Silicon Valley Bank.
Mitek reports record FY2025 revenue $179.7M; SaaS revenue up 21% to $77M
FY2025 revenue $179.7M (+4% YoY); GAAP net income $8.8M ($0.19 EPS) vs $3.3M ($0.07) prior year.
Mitek Q3 revenue $45.7M (+2% YoY), SaaS revenue up 23%; guides FY25 rev $174-177M
GAAP net income $2.4M ($0.05 diluted EPS) vs $0.2M ($0.00) a year ago.
Mitek Q2 revenue $51.9M (+11% YoY), record; raises FY2025 adj. EBITDA margin guidance to 26%-29%
Revenue $51.9M (+11% YoY), GAAP net income $9.2M ($0.20 diluted EPS) vs $0.3M a year ago.
Mitek appoints Garrett Gafke as COO with $4M inducement equity grant tied to stock performance
Garrett Gafke appointed COO effective April 25, 2025; base salary $425K, target bonus 75% of base.
Mitek Systems receives SEC Staff notice that investigation concluded with no enforcement action
SEC Enforcement Staff notified Mitek on March 8, 2025 that their investigation is concluded.
Mitek Q1 revenue flat at $37.3M; raises lower end of Adj. EBITDA margin guidance
Revenue $37.3M flat YoY; GAAP net loss improved to $4.6M ($0.10 loss per share) from $5.8M loss.
Mitek Q4 revenue $43.2M (+15% YoY), GAAP EPS $0.18; FY2025 guidance revenue $170-180M
GAAP net income Q4 $8.6M ($0.18 diluted) vs net loss of $1.4M (-$0.03) a year ago.
Mitek appoints James Fay to board; James Hale to not stand for re-election in 2025
Board expanded from 7 to 8 directors; Fay appointed effective October 21, 2024.
Mitek appoints Edward H. West as CEO, grants $8M inducement equity awards
Ed West appointed CEO and Board member effective October 1, 2024; Scott Carter returns to non-executive chairman.
Mitek Q3 revenue $45M (+4% YoY), Identity underperforms; FY2024 guidance lowered
Total revenue $45.0M (+4% YoY); GAAP net income $0.2M ($0.00 diluted EPS) vs loss year ago.
Mitek appoints Board member Scott Carter as Interim CEO; details equity grants
Scott Carter, existing Board member, appointed Interim CEO effective June 1, 2024; base salary of $85,000 per month.
Mitek terminates CEO Max Carnecchia; appoints Scott Carter interim CEO; Q2 earnings miss
Max Carnecchia's employment terminated May 31; Scott Carter appointed interim CEO effective June 1 at $85k/month.
On April 25, 2025, Mitek Systems, Inc. (the “Company”) appointed that Garret Gafke was appointed as the Company’s Chief Operating Officer, effective immediately.
James C. Hale notified the Company of his decision not to stand for re-election at the 2025 Annual Meeting.
appointed James (J.D.) Fay to the Board to fill the resulting vacancy.
Kimberly Stevenson, who currently serves as the Board’s lead independent director, will cease serving in such capacity and will continue to serve on the Board and as a member of the Board’s audit committee and chair of the Board’s compensation committee.
On October 1, 2024, Mitek Systems, Inc. (the “Company”) announced that Edward H. West was appointed as the Company’s Chief Executive Officer, effective immediately.
Scott Carter, who has served as the Company’s interim Chief Executive Officer since June 2024, is returning to his role as the Company’s non-executive chairman of the Board, effective October 1, 2024.
On June 9, 2024, Mr. Scipio “Max” Carnecchia tendered his resignation as a member of the Board of Directors of Mitek Systems, Inc. (the “Company”) effective immediately.
Scott Carter, a member of the Board of Directors of the Company (the “Board”), was appointed as Interim Chief Executive Officer of the Company, effective as of June 1, 2024.
On May 9, 2024, the Board of Directors of the Company (the "Board") notified Scipio "Max" Carnecchia that his employment as the Company's Chief Executive Officer would terminate as of May 31, 2024.
In connection with the appointment of Scott Carter as Interim Chief Executive Officer, Kim Stevenson has been appointed as the Lead Indepen
Scott Carter, a member of the Board, has been appointed as Interim Chief Executive Officer, effective as of June 1, 2024.
Max materiality 0.85 · Median 0.65 · Most common event earnings