Mitek Reports Record Fiscal 2026 Second Quarter Results; Raises Full-Year Outlook

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[{"type":"text","content":"Reported revenue of $54.8M, the highest quarterly revenue in Mitek history Fraud and Identity revenue grew 28% year over year; SaaS revenue grew 18% Raises full-year fiscal 2026 revenue and adjusted EBITDA margin outlook","length":222,"tagName":"p","attribs":{}},{"type":"text","content":"SAN DIEGO, May 07, 2026--(BUSINESS WIRE)--Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, "Mitek" or the "Company"), a global leader in digital identity verification and fraud prevention, today reported financial results for its second quarter ended March 31, 2026 and raised its revenue and adjusted EBITDA margin guidance range for the fiscal year ending September 30, 2026 ("fiscal 2026").","length":431,"tagName":"p"},{"type":"text","content":""The team’s execution on our Unify and Grow ethos resulted in a record revenue and profitability quarter, led by 18% year-over-year SaaS growth as customers route more transactions through Mitek to counter AI-driven fraud," said Ed West, Chief Executive Officer of Mitek. "Our recent growth has been driven by deepening and broadening relationships with some of the world’s leading financial institutions and adding new high-assurance customers in multiple markets. Based on this momentum, we have again raised our full-year outlook, and our focus remains on disciplined execution, continued innovation, and scaling our business model to drive durable, long-term value."","length":690,"tagName":"p"},{"type":"text","content":"Fiscal 2026 Second Quarter Financial Highlights","length":47,"tagName":"p"},{"type":"text","content":"GAAP","length":4,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue of $54.8 million was a 6% increase year-over-year, compared to $51.9 million a year ago.","length":102,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"SaaS revenue of $21.2 million was an 18% increase year-over-year, compared to $18.0 million a year ago.","length":103,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit of $43.2 million, compared to $42.1 million a year ago.","length":68,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP gross profit margin was 78.8%, compared to 81.2% a year ago.","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP...

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