Mitek Reports Record Fiscal 2026 Second Quarter Results; Raises Full-Year Outlook
Mitek reported record fiscal Q2 revenue of $54.8 million, up 6% year-over-year, driven by 18% growth in SaaS revenue and 28% growth in Fraud and Identity solutions. Adjusted EBITDA increased 10% year-over-year to $22.3 million, with margins expanding to 40.7% from 39.0% in the prior year period.
Key figures
- Eps
- 0.2
- Revenue
- $54.8 million
- Guidance
- FY26 revenue $189 - $198 million (raised), Adjusted EBITDA margin 30% - 33% (raised)
- Revenue Yoy
- 6%
- Non gaap eps
- 0.38
- Saas revenue
- $21.2 million
- Adjusted ebitda
- $22.3 million
- Saas revenue yoy
- 18%
- Fraud identity yoy
- 28%
- Adjusted ebitda margin
- 40.7%
- Fraud identity revenue
- $25.7 million
AI analysis
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