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Mitek Systems(MITK) - 2025 Q4 - Earnings Call Presentation
2025-12-11 22:00
Financial Performance & Growth - Mitek's LTM revenue reached $180 million, a 4% year-over-year increase[11] - Fraud & Identity Solutions revenue grew by 15% year-over-year, reaching $90 million and representing 50% of total revenue[11, 43] - SaaS revenue increased by 21% in FY25, reaching $77 million and accounting for 43% of total revenue[11, 37, 43] - Adjusted EBITDA reached $54 million, with a margin of approximately 30%[11, 39, 43] - Free cash flow was $54 million, representing a 100% conversion of Adjusted EBITDA[11, 40, 43] Strategic Positioning & Market - Check Fraud Defender ACV grew by approximately 50% year-over-year[38] - Mitek has a net cash position of $40 million[11, 40, 43] - The company estimates the FY26 total revenue to be between $185 million and $195 million, representing approximately 55% year-over-year growth[13, 78] - The company estimates the FY26 Fraud & Identity Solutions revenue to be between $101 million and $105 million, representing approximately 15% year-over-year growth[78]