Brief: Mitek Systems Q3 Revenue USD 45.729 Million Vs. IBES Estimate USD 44 Million

Mitek Systems

07/08/2025 21:22

Overview

Mitek fiscal Q3 revenue up 2% yr/yr, beating analyst expectations, per LSEG data

SaaS revenue grows 23% yr/yr, indicating strong demand for identity solutions

Outlook

Mitek tightens full-year revenue guidance to $174 mln-$177 mln

Company narrows full-year adjusted EBITDA margin to 28%-29%

Result Drivers

SAAS REVENUE GROWTH - SaaS revenue increased by 23% yr/yr, driven by growing demand for identity and fraud solutions

DEPOSITS SOFTWARE STABILITY - Core Deposits software products provide stability with resilient transaction volumes, contributing to strong free cash flow

STRATEGIC SHIFT - Co is shifting to SaaS, streamlining operations, and aligning product investments around a unified platform for durable growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$45.73 mln
$44 mln (6 Analysts)
Q3 EPS
$0.05
Q3 Net Income
$2.40 mln
Q3 Operating Income
$3.81 mln
Q3 Pretax Profit
$3.14 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Mitek Systems Inc is $13.00, about 29.8% above its August 6 closing price of $9.12

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw7fylqLa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)