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Mitek Systems (MITK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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Mitek Systems (MITK - Free Report) reported $44.24 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 18.8%. EPS of $0.26 for the same period compares to $0.15 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $42.25 million, representing a surprise of +4.72%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.20.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Mitek Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue- Software license: $13.9 million versus $13.04 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
  • Revenue- SaaS, maintenance, and other: $30.34 million versus $29.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20.1% change.
  • Non-GAAP gross profit for SaaS, maintenance, and other: $22.28 million compared to the $22.27 million average estimate based on two analysts.
  • Non-GAAP gross profit for software license: $13.87 million compared to the $12.93 million average estimate based on two analysts.

View all Key Company Metrics for Mitek Systems here>>>

Shares of Mitek Systems have returned -6.9% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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