MITEK SYSTEMS INCMITKEarnings & Financial Report
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.
Revenue
$47.0M
Gross Profit
N/A
Operating Profit
$698.0K
Net Profit
$282.0K
Gross Margin
N/A
Operating Margin
1.5%
Net Margin
0.6%
YoY Growth
1.8%
EPS
$0.01
MITEK SYSTEMS INC Q2 FY2024 Financial Summary
MITEK SYSTEMS INC reported revenue of $47.0M (up 1.8% YoY) for Q2 FY2024, with a net profit of $282.0K (down 94.5% YoY) (0.6% margin).
Key Financial Metrics
| Total Revenue | $47.0M |
|---|---|
| Net Profit | $282.0K |
| Gross Margin | N/A |
| Operating Margin | 1.5% |
| Report Period | Q2 FY2024 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $179.7M |
| 2024 | $172.1M |
| 2023 | $172.6M |
| 2022 | $144.8M |
MITEK SYSTEMS INC Quarterly Revenue & Net Profit History
MITEK SYSTEMS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $44.2M | +18.8% | $2.8M | 6.3% |
| Q4 FY2025 | $44.8M | +3.6% | $1.9M | 4.2% |
| Q3 FY2025 | $45.7M | +1.7% | $2.4M | 5.2% |
| Q2 FY2025 | $51.9M | +10.6% | $9.2M | 17.6% |
| Q1 FY2025 | $37.3M | +0.9% | $-4.6M | -12.4% |
| Q4 FY2024 | $43.2M | +14.8% | $8.6M | 19.8% |
| Q3 FY2024 | $45.0M | +4.4% | $216.0K | 0.5% |
| Q2 FY2024 | $47.0M | +1.8% | $282.0K | 0.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.0M | $45.0M | $43.2M | $37.3M | $51.9M | $45.7M | $44.8M | $44.2M |
| YoY Growth | 1.8% | 4.4% | 14.8% | 0.9% | 10.6% | 1.7% | 3.6% | 18.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 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 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.1M | $13.0M | $21.1M | $565000 | $13.7M | $21.6M | $19.5M | $8.0M |