Mitek Systems shares surge 20.16% intraday after Q4 revenue and EPS exceed estimates, driven by strong software/SaaS growth.

Mitek Systems surged 20.16% intraday after reporting Q4 2025 results that significantly exceeded estimates. The company posted $44.24 million in revenue, up 18.8% year-over-year, with EPS of $0.26, reflecting 73.3% growth. The software/SaaS segment drove 16-20% revenue gains, surpassing Zacks’ $42.25 million revenue forecast by 4.72% and EPS expectations by 33.33%. Non-GAAP gross profits aligned with analyst projections in both software license and SaaS/maintenance divisions, reinforcing operational strength. Despite a 6.9% monthly decline prior to the report, the earnings beat and robust growth in core segments likely spurred the intraday rally, aligning with Zacks’ "Buy" rating and positive sentiment around the company’s strategic focus on software and recurring revenue streams.