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Mitek Systems MITK Fraud and identity solutions — Revenue

Other product segments

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

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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+88.2%
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
SaaS$24,833$18,100$65,728$52,183
Software license and support3,6126,94412,60911,509
Professional services and other5864911,8641,531
Total fraud and identity solutions revenue29,03125,53580,20165,223
Check verification solutions
SaaS1,3191,1613,8813,500
Software license and support23,40818,84667,92765,454
Professional services and other2801871,114735

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's fraud and identity solutions — revenue?
Mitek Systems (MITK) reported fraud and identity solutions — revenue of $29.03M in Q2 2026.
How has Mitek Systems's fraud and identity solutions — revenue changed year-over-year?
Mitek Systems's fraud and identity solutions — revenue increased by 13.7% year-over-year, from $25.54M to $29.03M.
What is the long-term trend for Mitek Systems's fraud and identity solutions — revenue?
Over 2 years (2023 to 2025), Mitek Systems's fraud and identity solutions — revenue has grown at a 9.9% compound annual growth rate (CAGR), from $74.43M to $89.93M.
What does fraud and identity solutions — revenue mean?
This metric represents the total revenue generated from the company's specialized suite of fraud detection and identity verification software products. It reflects the market demand for security-focused digital authentication services used by financial institutions and enterprise clients to mitigate risk. Growth in this segment indicates successful adoption of identity-centric security solutions within the broader digital transformation landscape.

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