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Mitek Systems MITK Check verification solutions — Revenue

Other product segments

Software license and support
$32.7M
SaaS
$21.22M
Professional services and other
$920K

Similar metrics at other companies

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EFXVerification Services — Operating Revenue
$571.4M+13.8%
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DLXChecks — Revenue
$172.5M-1.8%
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DLXChecks — Total Revenue
$165.9M-5.3%
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EFXVerification Services — Change in revenue (as a percent)
14%+9.0pp
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EFXVerification Services — Change in revenue
$69.2M+169%
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DLXOther payment solutions — Revenue
$15.7M-1.3%

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$784.86M+84.9%
Enterprise value$768.19M+137%
P/E47.4×+15.5×
P/S4.1×+1.7×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 check verification solutions — revenue?
Mitek Systems (MITK) reported check verification solutions — revenue of $29.14M in Q1 2026.
How has Mitek Systems's check verification solutions — revenue changed year-over-year?
Mitek Systems's check verification solutions — revenue decreased by 8.4% year-over-year, from $31.81M to $29.14M.
What does check verification solutions — revenue mean?
This metric represents the total revenue generated from software solutions designed to verify the authenticity and validity of checks during mobile or remote deposit processes. It reflects the market adoption and recurring usage of the company's core imaging and fraud detection technology within the financial services sector. Monitoring this revenue stream provides insight into the stability and growth of the company's legacy product portfolio as it transitions toward broader identity verification services.