May. 7 at 8:23 PM
$MITK Fiscal 2026 Second Quarter Financial Highlights
GAAP
Total revenue of
$54.8 million was a 6% increase year-over-year, compared to
$51.9 million a year ago.
SaaS revenue of
$21.2 million was an 18% increase year-over-year, compared to
$18.0 million a year ago.
Gross profit of
$43.2 million, compared to
$42.1 million a year ago.
GAAP gross profit margin was 78.8%, compared to 81.2% a year ago.
GAAP net income was
$9.5 million, compared to
$9.2 million a year ago.
GAAP net income per diluted share was
$0.20, compared to
$0.20 a year ago.
Total cash and investments of
$77.6 million at March 31, 2026, was a decrease of
$118.9 million from
$196.5 million at September 30, 2025; the retirement of the
$155 million Convertible Senior Notes was the primary contributor to the decrease.
LTM net cash provided by operating activities was
$48.1 million, compared to
$48.4 million for the corresponding period a year ago.
