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Mitek Systems MITK Accrued Expenses

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Other financials

Income statement

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Revenue$54.0M+18.2%
Gross profit$31.4M-8.8%
Operating income$11.5M+203%
Net income$8.4M+249%
EPS (diluted)$0.17+240%

Balance sheet

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Cash & equivalents$90.0M-29.2%
Total debt$51.7M+1,798%
Total equity$250.5M+5.4%
Total assets$368.1M-17.6%

Cash flow

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Operating cash flow$27.2M+25.9%
CapEx$1.8M+459%
Free cash flow$25.3M+19.2%

Valuation

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Market cap$834.31M+88.8%
Enterprise value$795.94M+150%
P/E37×+8.5×
P/S4.2×+1.7×

Profitability

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Gross margin86.7%+0.5pp
Operating margin17.8%+6.7pp
Net margin11.4%+2.7pp
FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity9.2%+2.3pp
Debt / equity0.2×+0.2×
Current ratio2.7×+1.6×

Where this comes from

Reported directly by Mitek Systems in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: Mitek Systems’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000807863-26-000036
Line itemJune 30, 2026 (Unaudited)September 30, 2025
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$3,968$3,874
Accrued payroll and related taxes14,63016,837
Income tax payables(1)3,0632,683
Deferred revenue, current portion34,50129,061
Lease liabilities, current portion913890
Convertible senior notes152,216

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's accrued expenses?
Mitek Systems (MITK) reported accrued expenses of $14.63M in Q2 2026.
How has Mitek Systems's accrued expenses changed year-over-year?
Mitek Systems's accrued expenses increased by 6.9% year-over-year, from $13.69M to $14.63M.
What is the long-term trend for Mitek Systems's accrued expenses?
Over 4 years (2021 to 2025), Mitek Systems's accrued expenses has grown at a 9.3% compound annual growth rate (CAGR), from $11.78M to $16.84M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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