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Mitek Systems MITK SaaS — Revenue

Other product segments

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$759.12M+88.2%
Enterprise value$720.75M+150%
P/E33.7×+7.7×
P/S3.8×+1.6×

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
Major product category
Fraud and identity solutions
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

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's saas — revenue?
Mitek Systems (MITK) reported saas — revenue of $24.83M in Q2 2026.
How has Mitek Systems's saas — revenue changed year-over-year?
Mitek Systems's saas — revenue increased by 37.2% year-over-year, from $18.1M to $24.83M.
What is the long-term trend for Mitek Systems's saas — revenue?
Over 2 years (2023 to 2025), Mitek Systems's saas — revenue has grown at a 15.5% compound annual growth rate (CAGR), from $59.5M to $79.35M.
What does saas — revenue mean?
This metric represents the total revenue generated from software-as-a-service offerings, specifically focusing on fraud detection and identity verification solutions. It reflects the company's ability to monetize recurring subscription-based digital security services provided to financial institutions and fintech partners. Growth in this segment indicates successful adoption and scaling of the company's core cloud-based identity and authentication platform.

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