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Revenue by Type
Separates recurring and transaction-based revenue from one-time fees and services to reveal how predictable Mitek’s cash flow is. A larger share of recurring or transaction revenue implies steadier, more valuable growth and less volatility, whereas reliance on one-off project revenue can lead to lumpy results and greater sensitivity to deal cycles.Mitek is visibly shifting from lumpy Software License & Hardware receipts toward steadily growing SaaS/Maintenance revenue (SaaS now ~43% LTM), which explains expanding adjusted EBITDA and investor-friendly cash returns. That recurring mix reduces structural cyclicality over time, but license timing and pilot-to-production conversions still create quarter-to-quarter volatility and near-term gross‑margin noise (management flagged Q2 variability and upfront CFD pilot costs). The strategic pivot to fraud & identity SaaS underpins the raised FY guide, but watch license renewal timing and pilot conversion cadence for revenue inflection points.
Date | Software License & Hardware | SaaS Maintenance & Other |
|---|---|---|
Jun 30, 2026 | $20.71M | $33.32M |
Mar 31, 2026 | $25.95M | $28.89M |
Dec 31, 2025 | $13.90M | $30.34M |
Sep 30, 2025 | $15.89M | $28.89M |
Jun 30, 2025 | $19.51M | $26.22M |
Mar 31, 2025 | $26.70M | $25.23M |
Dec 31, 2024 | $11.98M | $25.27M |
Sep 30, 2024 | $18.34M | $24.88M |
Jun 30, 2024 | $22.66M | $22.31M |
Mar 31, 2024 | $24.89M | $22.08M |