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Mitek Systems MITK Accrued Progress Collections and Price Adjustments

Other financials

Income statement

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Revenue$54.8M+5.6%
Gross profit$31.4M-8.8%
Operating income$13.5M+19.2%
Net income$9.5M+4.2%
EPS (diluted)$0.200.0%

Balance sheet

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Cash & equivalents$69.2M-33.9%
Total debt$52.5M+1,729%
Total equity$239.5M+8.7%
Total assets$356.9M-16.1%

Cash flow

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Operating cash flow$8.0M+1,319%
CapEx$1.6M+569%
Free cash flow$6.6M+2,766%

Valuation

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Market cap$797.05M+84.9%
Enterprise value$780.38M+137%
P/E48.1×+15.8×
P/S4.2×+1.8×

Profitability

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Gross margin86.7%+0.5pp
Operating margin14.5%+5.1pp
Net margin8.7%+1.2pp
FCF margin32.4%+9.1pp

Returns & leverage

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Return on equity7.2%+1.1pp
Debt / equity0.2×+0.2×
Current ratio2.6×+1.6×

Where this comes from

Reported directly by Mitek Systems in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Mitek Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mitek Systems's accrued progress collections and price adjustments?
Mitek Systems (MITK) reported accrued progress collections and price adjustments of $1.5M in Q1 2026.
How has Mitek Systems's accrued progress collections and price adjustments changed year-over-year?
Mitek Systems's accrued progress collections and price adjustments increased by 303.5% year-over-year, from $372K to $1.5M.
What is the long-term trend for Mitek Systems's accrued progress collections and price adjustments?
Over 5 years (2020 to 2025), Mitek Systems's accrued progress collections and price adjustments has grown at a -7.4% compound annual growth rate (CAGR), from $1.6M to $1.09M.