What is the revenue and EPS growth rate for Mitek Systems year over year?

What guidance did Mitek Systems's management provide for the next earnings period?

What is Mitek Systems's gross profit margin?

What were the key takeaways from Mitek Systems's earnings call?

What is Mitek Systems's latest dividend and current dividend yield?

What factors drove the changes in Mitek Systems's revenue and profit?

What were the key takeaways from Mitek Systems’s earnings call?

What is the market's earnings forecast for Mitek Systems next quarter?

- **Identity Profitability Near**: $75M LTM Identity revenue vs. $80M breakeven, with positive contribution margin.
- **SaaS Dominance**: 41% of LTM revenue, +23% YoY, driven by multi-step identity journeys and Fraud/Identity convergence.
- **Cash Machine**: $56M free cash flow (99% conversion), $175M cash, and $100M credit facility for debt repayment.
- **Fraud Expansion**: Check Fraud Defender ACV +56% YoY, 25% U.S. checking account coverage, and 40+ new FIs added Q3.
- **2025 Outlook**: $175.5M revenue midpoint, 28%-29% EBITDA margin, and disciplined reinvestment in unified platform.

**【CEO Summary Section】**
- **Approaching Identity Profitability**: Identity product portfolio nearing a $75M LTM revenue run rate, with a fulcrum point below $80M, contributing positively on a fully burdened basis.
- **SaaS Growth Momentum**: SaaS revenue at 41% of LTM revenue, up 23% YoY, driven by deeper customer integrations and transactional growth in Identity solutions.
- **Operational Excellence**: 99% free cash flow conversion ($56M LTM), cost intensity reduced to 55% of revenue, and automation improving gross profit per transaction.
- **Strategic Pillars**: Strengthening foundation (64% to 55% G&A efficiency), scaling Identity (MiVIP adoption), expanding Fraud (Check Fraud Defender ACV +56% YoY), and disciplined execution.

**【CFO Financial Commentary】**
- **Q3 2025 Results**: Total revenue $45.7M (+2% YoY), non-GAAP net income $10.2M ($0.22 EPS), and EBITDA margin 28.6%.
- **Revenue Breakdown**: Identity +24% YoY ($19.5M), SaaS +19% YoY, deposits stable at $26.2M (LTM $103M), Check Fraud Defender SaaS +55% YoY.
- **Gross Margin**: 85% (Q3), 74% for services, driven by automation and scale efficiency.
- **Free Cash Flow**: $55.8M LTM (99% conversion), $175M cash on hand, and $100M credit facility for debt repayment flexibility.
- **2025 Outlook**: Tightened revenue guidance ($174M-$177M), raised EBITDA margin target (28%-29%), and focus on SaaS growth and cost discipline.

**【Q&A Key Highlights】**
- **SaaS Growth and 2026 Strategy**: 2026 to focus on unifying Fraud/Identity platform, with SaaS as primary growth driver; no 2026 guidance yet.
- **Deposit Revenue Stability**: LTM Mobile Deposit revenue stable at $69.1M, offsetting term license variability with maintenance growth.
- **Check Fraud Defender Pipeline**: 40+ new FIs added Q3, ACV visibility for large institutions, and 25% U.S. checking account coverage.
- **Operational Efficiency**: Vendor cost reductions, automation improving gross profit per transaction, and 200+ basis points YoY services margin expansion.
- **Capital Allocation**: $21M remaining in $50M buyback program, debt repayment in H1 2026, and reinvestment in platform unification.

MITK

MITK fundamentals

You can ask Aime