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Mitek Systems Inc (DE:MKQ)
FRANKFURT:MKQ
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.17Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 12.91%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong revenue growth, increased SaaS adoption, and expanded data coverage for Check Fraud Defender. However, some caution remains due to macroeconomic uncertainties and slower growth in the identity segment.Company Guidance
During Mitek's Fiscal 2025 Second Quarter Earnings Conference Call, several key metrics and forward-looking statements were discussed. The company reported a record total revenue of $51.9 million for the quarter, marking an 11% increase year-over-year. Mitek's identity portfolio reached over $71 million in revenue over the last 12 months, driven by strong transaction growth. The Check Fraud Defender product expanded its data set coverage to approximately 23% of U.S. checking accounts, up from 18% in the previous quarter. Additionally, Mitek reported a 15% year-over-year growth in SaaS revenue, now accounting for 40% of the total revenue. The company's non-GAAP gross profit was $45.6 million, representing an 88% gross margin, while adjusted EBITDA was $20.2 million, corresponding to a 39% margin. Mitek also generated $47 million in free cash flow over the last 12 months, highlighting its financial discipline and strategic focus on organic growth, SaaS revenue increase, margin expansion, and free cash flow conversion.Record Revenue Growth
Total revenue reached a record $51.9 million, up 11% year-over-year in the second quarter.
SaaS Revenue Increase
SaaS revenue grew 15% year-over-year in Q2 and now accounts for 40% of total last 12 months revenue, up from 39% last quarter.
Check Fraud Defender Expansion
Check Fraud Defender now has data sets on 23% of U.S. checking accounts, up from 18% last quarter.
Improved Identity Portfolio Performance
Identity portfolio revenue reached $71.4 million in the last 12 months, driven by strong transaction growth and a 9% increase in identity SaaS revenue.
Increased EBITDA and Free Cash Flow
Adjusted EBITDA was $20.2 million, representing a 39% margin, and the company generated $47 million in free cash flow over the last 12 months.
DE:MKQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:MKQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | €7.47 | €8.62 | +15.32% |
Feb 10, 2025 | €10.48 | €9.38 | -10.54% |
Dec 16, 2024 | €8.99 | €10.39 | +15.57% |
Aug 08, 2024 | €10.10 | €7.10 | -29.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mitek Systems Inc (DE:MKQ) report earnings?
Mitek Systems Inc (DE:MKQ) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Mitek Systems Inc (DE:MKQ) earnings time?
Mitek Systems Inc (DE:MKQ) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mitek Systems Inc stock?
The P/E ratio of Mitek Systems is N/A.
What is DE:MKQ EPS forecast?
DE:MKQ EPS forecast for the fiscal quarter 2025 (Q3) is 0.17.