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MITEK SYSTEMS INC

MITEK SYSTEMS INCMITKEarnings & Financial Report

Nasdaq · identity verification service

Mitek Systems, Inc. is a software company that specializes in digital identity verification and mobile image processing using artificial intelligence. The company's software is used for depositing checks and opening bank accounts via mobile devices. It also verifies identity documents such as passports, ID cards, and driver's licenses by analyzing a selfie of an individual holding their ID, comparing their face to the photo on the document.

NextMay 8, 2026

MITK Q1 2026 Key Financial Metrics

Revenue

$44.2M

Gross Profit

N/A

Operating Profit

$5.4M

Net Profit

$2.8M

Gross Margin

N/A

Operating Margin

12.3%

Net Margin

6.3%

YoY Growth

18.8%

EPS

$0.06

Financial Flow

MITEK SYSTEMS INC Q1 2026 Financial Summary

MITEK SYSTEMS INC reported revenue of $44.2M for Q1 2026, with a net profit of $2.8M (6.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$44.2M
Net Profit$2.8M
Gross MarginN/A
Operating Margin12.3%
Report PeriodQ1 2026

MITEK SYSTEMS INC Annual Revenue by Year

MITEK SYSTEMS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $179.7M).

YearAnnual Revenue
2025$179.7M
2024$172.1M
2023$172.6M
2022$143.9M

Income Statement

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Revenue$47.0M$45.0M$43.2M$37.3M$51.9M$45.7M$44.8M$44.2M
YoY Growth1.8%4.4%14.8%0.9%10.6%1.7%3.6%18.8%

Balance Sheet

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Assets$417.0M$409.2M$413.8M$396.0M$425.3M$446.7M$459.1M$446.5M
Liabilities$200.9M$199.6M$199.0M$195.0M$205.1M$209.1M$218.9M$212.8M
Equity$216.1M$209.6M$214.8M$200.9M$220.2M$237.6M$240.3M$233.7M

Cash Flow

Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026
Operating CF$7.1M$13.0M$21.1M$565000$13.7M$21.6M$19.5M$8.0M