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Mitek Systems MITK Software license — 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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 — revenue?
Mitek Systems (MITK) reported software license — revenue of $25.95M in Q1 2026.
How has Mitek Systems's software license — revenue changed year-over-year?
Mitek Systems's software license — revenue decreased by 2.8% year-over-year, from $26.7M to $25.95M.
What is the long-term trend for Mitek Systems's software license — revenue?
Over 4 years (2021 to 2025), Mitek Systems's software license — revenue has grown at a 5.4% compound annual growth rate (CAGR), from $60.07M to $74.09M.
What does software license — revenue mean?
This metric represents the total revenue generated from the sale of perpetual or term-based software licenses for mobile imaging and identity verification solutions. It reflects the company's ability to monetize its core intellectual property and proprietary software technology directly through licensing agreements. Growth in this segment indicates successful market adoption of the company's software products and expansion of its customer base.