---
title: "Mitek | 8-K: FY2025 Revenue Beats Estimate at USD 179.69 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269430504.md"
datetime: "2025-12-11T21:13:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269430504.md)
  - [en](https://longbridge.com/en/news/269430504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269430504.md)
---

# Mitek | 8-K: FY2025 Revenue Beats Estimate at USD 179.69 M

Revenue: As of FY2025, the actual value is USD 179.69 M, beating the estimate of USD 175.76 M.

EPS: As of FY2025, the actual value is USD 0.19, beating the estimate of USD 0.1075.

EBIT: As of FY2025, the actual value is USD 26.57 M.

### Fiscal 2025 Full Year Financial Highlights

#### GAAP

-   **Total revenue**: $179.7 million, a 4% increase year-over-year, compared to $172.1 million a year ago.
-   **SaaS revenue**: $77.0 million, a 21% increase year-over-year, compared to $63.6 million a year ago.
-   **Gross profit**: $140.2 million, compared to $134.6 million a year ago.
-   **GAAP gross profit margin**: 78.0%, compared to 78.2% a year ago.
-   **GAAP net income**: $8.8 million, compared to $3.3 million a year ago.
-   **GAAP net income per diluted share**: $0.19, compared to $0.07 a year ago.
-   **Total cash and investments**: $196.5 million at September 30, 2025, an increase of $54.7 million from $141.8 million at September 30, 2024.

#### Non-GAAP

-   **Non-GAAP gross profit**: $153.6 million, compared to $148.3 million a year ago.
-   **Non-GAAP gross profit margin**: 85.5%, compared to 86.2% a year ago.
-   **Adjusted EBITDA**: $53.9 million, compared to $46.7 million a year ago.
-   **Adjusted EBITDA margin**: 30.0%, compared to 27.2% a year ago.
-   **Non-GAAP net income**: $44.7 million, compared to $45.4 million a year ago.
-   **Non-GAAP net income per diluted share**: $0.95, compared to $0.96 a year ago.
-   **Free cash flow**: $54.2 million, compared to $30.3 million a year ago.

### Fiscal 2025 Fourth Quarter Financial Highlights

#### GAAP

-   **Total revenue**: $44.8 million, a 4% increase year-over-year, compared to $43.2 million a year ago.
-   **SaaS revenue**: $21.3 million, a 19% increase year-over-year, compared to $18.0 million a year ago.
-   **Gross profit**: $34.6 million, compared to $33.7 million a year ago.
-   **GAAP gross profit margin**: 77.2%, compared to 78.0% a year ago.
-   **GAAP net income**: $1.9 million, compared to $8.6 million a year ago.
-   **GAAP net income per diluted share**: $0.04, compared to $0.18 a year ago.

#### Non-GAAP

-   **Non-GAAP gross profit**: $37.6 million, compared to $37.2 million a year ago.
-   **Non-GAAP gross profit margin**: 84.0%, compared to 86.0% a year ago.
-   **Adjusted EBITDA**: $12.9 million, compared to $15.4 million a year ago.
-   **Adjusted EBITDA margin**: 28.7%, compared to 35.7% a year ago.
-   **Non-GAAP net income**: $11.1 million, compared to $15.5 million a year ago.
-   **Non-GAAP net income per diluted share**: $0.24, compared to $0.33 a year ago.
-   **Free cash flow**: $19.2 million for the three months ended September 30, 2025, compared to $20.8 million for the corresponding period a year ago.

### Guidance

-   **Full Year FY26 Total revenue**: $185 - $195 million.
-   **Q1 FY26 Total revenue**: $41 - $44 million.
-   **Fraud & Identity solutions revenue**: $101 - $105 million.
-   **Adjusted EBITDA margin**: 27% - 30%.

### Related Stocks

- [MITK.US](https://longbridge.com/en/quote/MITK.US.md)

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