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Mitek Systems MITK Software license — 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$834.31M+88.2%
Enterprise value$795.94M+150%
P/E37×+8.4×
P/S4.2×+1.7×

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
Revenue
Software license$20,714$19,507$60,565$58,192
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

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's software license — revenue?
Mitek Systems (MITK) reported software license — revenue of $20.71M in Q2 2026.
How has Mitek Systems's software license — revenue changed year-over-year?
Mitek Systems's software license — revenue increased by 6.2% year-over-year, from $19.51M to $20.71M.
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.

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