Mitek delivered modest revenue growth in Q4 2025, with SaaS continuing to expand. However, net income was significantly lower compared to the prior year due to increased expenses and reduced operating income.
Q4 revenue grew 4% YoY to $44.8 million.
GAAP net income dropped to $1.9 million from $8.6 million a year ago.
Adjusted EBITDA fell to $12.9 million from $15.4 million YoY.
Free cash flow remained strong at $19.2 million for the quarter.
Mitek expects full-year fiscal 2026 revenue to grow 5.5% at the midpoint, with a focus on expanding its Fraud & Identity solutions segment.
Visualization of income flow from segment revenue to net income
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