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Mitek Systems MITK SaaS, maintenance, and other — Cost of revenue

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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$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:CostOfGoodsAndServicesSold.

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 saas, maintenance, and other — cost of revenue?
Mitek Systems (MITK) reported saas, maintenance, and other — cost of revenue of $8.53M in Q1 2026.
How has Mitek Systems's saas, maintenance, and other — cost of revenue changed year-over-year?
Mitek Systems's saas, maintenance, and other — cost of revenue increased by 30.9% year-over-year, from $6.52M to $8.53M.
What is the long-term trend for Mitek Systems's saas, maintenance, and other — cost of revenue?
Over 4 years (2021 to 2025), Mitek Systems's saas, maintenance, and other — cost of revenue has grown at a 21.8% compound annual growth rate (CAGR), from $12.07M to $26.57M.
What does saas, maintenance, and other — cost of revenue mean?
This metric captures the direct costs associated with delivering software-as-a-service, maintenance, and related support services, including hosting infrastructure, customer support personnel, and software licensing fees. Monitoring these costs is essential for evaluating the gross margin profile and operational efficiency of the company's recurring revenue streams. It provides insight into the scalability of the service delivery model as the customer base expands.