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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$54.0M+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:CostOfGoodsAndServicesSold.

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, maintenance, and other33,32426,22292,55876,720
Total revenue54,03845,729153,123134,912
Operating costs and expenses
Cost of revenue—software license (exclusive of depreciation & amortization)6053126136
Cost of revenue—SaaS, maintenance, and other (exclusive of depreciation & amortization)8,1196,96925,01819,361
Selling and marketing10,02611,12727,77531,362
Research and development8,0598,96022,99927,049
General and administrative12,92611,25136,24433,250

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's software license — cost of revenue?
Mitek Systems (MITK) reported software license — cost of revenue of $60K in Q2 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 13.2% year-over-year, from $53K to $60K.
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.

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