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Mitek Systems MITK Amortization of deferred commissions

Amortization of deferred commissions at other companies

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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:CapitalizedContractCostAmortization.

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 amortization of deferred commissions?
Mitek Systems (MITK) reported amortization of deferred commissions of $748K in Q1 2026.
How has Mitek Systems's amortization of deferred commissions changed year-over-year?
Mitek Systems's amortization of deferred commissions increased by 84.2% year-over-year, from $406K to $748K.
What is the long-term trend for Mitek Systems's amortization of deferred commissions?
Over 2 years (2022 to 2025), Mitek Systems's amortization of deferred commissions has grown at a 20.5% compound annual growth rate (CAGR), from $1.31M to $1.9M.
What does amortization of deferred commissions mean?
This represents the non-cash expense recognized as capitalized sales commission costs are amortized over the expected period of benefit from the customer contract. It reflects the systematic allocation of acquisition costs associated with obtaining revenue-generating contracts. Investors monitor this to understand the underlying cash impact of sales-related investments versus reported accounting expenses.