Filing Flows › Mitek Systems (MITK) › Q4 FY25
Mitek Systems (MITK) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 11, 2025
Mitek Systems (MITK) reported revenue of $44.8M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and -2% from the quarter before. Operating margin was 10.5%, net earnings $1.9M (4.2% of revenue).
Mitek Systems, Q4 FY25: revenue $44.8M (+4% year over year), operating margin 10.5%, net earnings $1.9M, operating cash flow $19.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.8M | -2% | +4% |
| Operating profit | $4.7M | +23% | -39% |
| Net earnings | $1.9M | -22% | -78% |
| Operating cash flow | $19.5M | -10% | -8% |
| Free cash flow | $19.2M | — | — |
What changed
Revenue was $44.8M in Q4 FY25, up 4% year over year and down 2% from the previous quarter. Deposits revenue was the largest line at 53% of revenue.
Operating profit was $4.7M, a 10.5% margin (down 7.4 points year over year). Operating profit fell $3.0M even though revenue rose $1.6M versus Q4 FY24, so costs grew faster than sales. Total costs grew 13% against revenue growth of 4%. The fastest-growing cost line was Research & development (+36%). Net earnings were $1.9M, down 78% year over year. The effective tax rate was 43.7%.
Operating cash flow was $19.5M (down 8% year over year), 1046% of net earnings. Non-cash charges added back $129K of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $13.9M. After purchases of property and equipment, net ($259K), free cash flow as the company reports it was $19.2M.
Questions
What was Mitek Systems' revenue in the fourth quarter fiscal 2025?
Mitek Systems (MITK) reported revenue of $44.8M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and -2% from the quarter before.
Was Mitek Systems profitable in the fourth quarter fiscal 2025?
Operating profit was $4.7M (10.5% of revenue) and net earnings $1.9M.
Source: Mitek Systems 10-K on SEC EDGAR.