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.
MITK Q1 FY2026 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
MITEK SYSTEMS INC Q1 FY2026 Financial Summary
MITEK SYSTEMS INC reported revenue of $44.2M (up 18.8% YoY) for Q1 FY2026, with a net profit of $2.8M (up 160.1% YoY) (6.3% margin).
Key Financial Metrics
| Total Revenue | $44.2M |
|---|---|
| Net Profit | $2.8M |
| Gross Margin | N/A |
| Operating Margin | 12.3% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
MITEK SYSTEMS INC Q1 FY2026 revenue of $44.2M breaks down across 4 segments, led by Fraud And Identity Solutions at $25.5M (57.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Fraud And Identity Solutions | $25.5M | 57.6% |
| License | $13.9M | 31.4% |
| Fraud And Identity Solutions Software License And Support | $3.9M | 8.8% |
| Professional Services And Other | $1.2M | 2.7% |
MITEK SYSTEMS INC Revenue by Segment — Quarterly Trend
MITEK SYSTEMS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Fraud And Identity Solutions and License) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Fraud And Identity Solutions | $25.5M | — | — | — |
| License | $13.9M | $15.9M | — | — |
| Fraud And Identity Solutions Software License And Support | $3.9M | — | — | — |
| Professional Services And Other | $1.2M | — | — | — |
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).
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 |