Mitek FY26 Q3 GAAP net income rises 249% to $8.4 million; revenue increases 18% to $54 million - MITK News | RalliesMitek FY26 Q3 GAAP net income rises 249% to $8.4 million; revenue increases 18% to $54 million
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MITK• Fiscal third-quarter results and outlook
- Mitek posted fiscal Q3 revenue of $54 million, up 18% year over year; SaaS revenue climbed 36% to $26.2 million.
- GAAP net income rose to $8.4 million; diluted EPS increased to $0.17.
- Adjusted EBITDA increased 59% to $20.8 million; adjusted EBITDA margin widened 9.9 percentage points to 38.5%.
- Fraud & Identity SaaS revenue grew 37% to $24.8 million; a top-five U.S. bank joined the Check Fraud Defender consortium network.
- Mitek raised its fiscal 2026 outlook: revenue seen at $195 million-$200 million; adjusted EBITDA margin forecast at 32%-34%.
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