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

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

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

What does Mitek Systems do and what are its main business segments?

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

Did Mitek Systems beat or miss consensus estimates last quarter?

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

What is Mitek Systems's gross profit margin?

- **15% Fraud Growth**: Fraud/identity revenue up 15% YoY, with 21% SaaS acceleration and 43% recurring revenue mix.
- **CFD Network Effect**: 25% U.S. checking accounts in CFD, preventing millions in fraud losses for large banks.
- **Financial Strength**: $54M free cash flow (100% EBITDA), $196M cash, and 30% EBITDA margin.
- **FY2026 Outlook**: 6% revenue growth, 15% fraud/identity expansion, and 27-30% EBITDA margin with strategic R&D investments.

**【CEO Summary Section】**
- **Revenue Growth**: Fraud and identity revenue grew 15% YoY to $90 million, driven by SaaS expansion and unified fraud solutions. SaaS revenue accelerated to 21% YoY, with 43% of total revenue now recurring.
- **Check Fraud Defender (CFD) Momentum**: ACV grew 50% YoY, with data sets covering 25% of U.S. checking accounts (50% including pilots). Institutions report phase). Institutions report Mitek preventing millions in fraud losses.
- **Strategic Pillars for FY2026**: Fortify check verification, unify fraud/identity, invest in AI/decisioning, and optimize capital allocation.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Revenue $44.8 million (+4% YoY), non-GAAP net income $11.1 million, and free cash flow $54 million (100% EBITDA conversion). FY2025 adjusted EBITDA $54 million (+15%), margin 30%.
- **FY2026 Outlook**: Revenue $185-$195 million (+6% midpoint), with 15% fraud/identity growth. Gross margin compression expected due to SaaS mix, but R&D and go-to-market investments will drive long-term growth.
- **Financial Health**: $196 million cash, $157 million debt, and $13.6 million remaining share buyback authorization.

**【Q&A Highlights】**
- **SaaS Growth Drivers**: AI-enabled fraud trends, multi-signal workflows, and 12% YoY identity revenue growth. CFD expansion into EMEA and digital ID markets.
- **CFD Expansion**: 50%+ U.S. checking accounts in pilot, with large FIs delaying deployments but maintaining demand. CFD SaaS revenue growth offsetting check verification declines.
- **Investment Strategy**: R&D focus on AI/decisioning, biometrics, and fraud intelligence. Go-to-market automation to maintain 56% operating expense intensity.
- **Mobile Deposit Stability**: 1.2 billion annual transactions, with revenue timing variability but stable core usage.
- **Debt Repayment**: Full $155 million convertible debt repayment in Q1 2026 using $75M term loan and $25M revolver, preserving $40M net cash position.

Mitek Systems, Inc. (MITK) Q4 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

MITK

MITK fundamentals

You can ask Aime