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Mitek Systems MITK Check verification solutions — Revenue

Other product segments

SaaS
$24.83M
Software license and support
$3.61M
Professional services and other
$586K

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FDSBAtm And Check Card Fees — Revenue
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DLXChecks — Revenue
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ULSNon-certification Testing and Other Services — Revenue
$209M+3.0%

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+88.2%
Enterprise value$795.94M+150%
P/E37×+8.4×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
SaaS1,3191,1613,8813,500
Software license and support23,40818,84667,92765,454
Professional services and other2801871,114735
Total check verification solutions revenue25,00720,19472,92269,689
Total by revenue type
SaaS26,15219,26169,60955,683
Software license and support27,02025,79080,53676,963
Professional services and other8666782,9782,266

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's check verification solutions — revenue?
Mitek Systems (MITK) reported check verification solutions — revenue of $25.01M in Q2 2026.
How has Mitek Systems's check verification solutions — revenue changed year-over-year?
Mitek Systems's check verification solutions — revenue increased by 23.8% year-over-year, from $20.19M to $25.01M.
What is the long-term trend for Mitek Systems's check verification solutions — revenue?
Over 2 years (2023 to 2025), Mitek Systems's check verification solutions — revenue has grown at a -4.4% compound annual growth rate (CAGR), from $98.13M to $89.76M.
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.

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