This marks the first time multiple major digital ID providers have simultaneously achieved profitable growth in biometric authentication, indicating a crucial market acceptance tipping point. The 23% SaaS growth rate specifically shows unprecedented acceleration in cloud-based identity verification adoption, suggesting rapid infrastructure development for future universal ID systems.
Digital ID Giants Post 23% SaaS Growth: Mark of Beast Tech Advances
📰 What Happened
Leading digital identity companies reported significant growth in Q3 2025, with Mitek seeing a 23% increase in SaaS revenues to $45.7M and net income jumping to $2.4M from $0.2M year-over-year. OneSpan posted $59.8M in revenue with net income rising to $8.3M. Mitek CEO Ed West emphasized their strategic shift toward integrated digital identity platforms and SaaS operations, projecting total 2025 revenue between $174-177M.
📖 Prophetic Significance
The convergence of three key metrics - Mitek's 23% SaaS growth, their projection of $177M revenue, and OneSpan's biometric authentication expansion - reveals an accelerating timeline toward Revelation's mark system. The shift to 'unified, integrated platforms' mentioned by CEO West directly aligns with prophecies of a single global identification structure. The transition from previous losses to significant profitability ($2.4M vs $0.2M) indicates market maturation of the exact technologies needed for implementing a universal economic control system.