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Revenue by Segment
Breaks down revenue across Mitek’s business units (for example, identity verification, mobile deposit, and enterprise licensing), showing which lines are driving growth and where the company is most exposed. A rising share for identity and verification services points to scalable, software-driven growth; concentration in one segment highlights dependency risk if that market slows or competitors gain share.Recent quarters reflect a reporting/consolidation shift: Fraud & Identity Solutions has emerged as the primary growth bucket (driven by SaaS adoption, higher‑value workflows and biometric license activity noted on the call), while prior 'Identity' and 'Deposits' lines drop to zero—more a reclassification than lost revenue. Check Verification remains a durable, cash‑generative but seasonal franchise with lumpy renewals. For investors, the takeaway is to prioritize Fraud & Identity SaaS momentum and margin leverage as the driver of upgraded guidance, while treating legacy-line volatility as timing and categorization, not structural weakness.
Date | Fraud & Identity Solutions | Check Verification Solutions | Identity | Deposits |
|---|---|---|---|---|
Jun 30, 2026 | $29.03M | $25.01M | $0.00 | $0.00 |
Mar 31, 2026 | $25.70M | $29.14M | $0.00 | $0.00 |
Dec 31, 2025 | $25.47M | $18.77M | $0.00 | $0.00 |
Sep 30, 2025 | $24.71M | $20.07M | $0.00 | $0.00 |
Jun 30, 2025 | $0.00 | $0.00 | $19.51M | $26.22M |
Mar 31, 2025 | $0.00 | $0.00 | $18.24M | $33.69M |
Dec 31, 2024 | $0.00 | $0.00 | $17.97M | $19.29M |
Sep 30, 2024 | $0.00 | $0.00 | $19.54M | $23.68M |
Jun 30, 2024 | $0.00 | $0.00 | $15.69M | $29.29M |
Mar 31, 2024 | $0.00 | $0.00 | $17.46M | $29.50M |