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Mitek Systems MITK Software license — 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+82.1%
Enterprise value$768.19M+133%
P/E47.4×+15.0×
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 software license — cost of revenue?
Mitek Systems (MITK) reported software license — cost of revenue of $33K in Q1 2026.
How has Mitek Systems's software license — cost of revenue changed year-over-year?
Mitek Systems's software license — cost of revenue increased by 106.3% year-over-year, from $16K to $33K.
What is the long-term trend for Mitek Systems's software license — cost of revenue?
Over 4 years (2021 to 2025), Mitek Systems's software license — cost of revenue has grown at a -45.5% compound annual growth rate (CAGR), from $2.47M to $218K.
What does software license — cost of revenue mean?
This metric captures the direct costs associated with delivering software license products, including third-party royalties, software maintenance support, and the amortization of capitalized software development costs. It serves as a key indicator of the direct expenses required to support the software licensing business model. Monitoring this metric helps assess the gross margin efficiency and the scalability of the company's software product offerings.