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Mitek Systems MITK Amortization of capitalized software and acquired intangible assets

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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:AmortizationOfIntangibleAssets.

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

Amortization expense related to acquired intangible assets was $3.3 million and $3.6 million during the three months ended June 30, 2026 and 2025, respectively, and $9.9 million and $10.8 million during the nine months ended June 30, 2026 and 2025, respectively. During the nine months ended June 30, 2026, foreign exchange translation decreased the cost basis for intangible assets by $1.1 million. Amortization expense related to acquired intangible assets is recorded within amortization of acquired intangibles and acquisition-related costs on the condensed consolidated statements of operations and comprehensive income (loss). There were no impairment losses recognized related to intangible assets in the nine months ended June 30, 2026 or 2025.

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's amortization of capitalized software and acquired intangible assets?
Mitek Systems (MITK) reported amortization of capitalized software and acquired intangible assets of $3.3M in Q2 2026.
How has Mitek Systems's amortization of capitalized software and acquired intangible assets changed year-over-year?
Mitek Systems's amortization of capitalized software and acquired intangible assets decreased by 8.3% year-over-year, from $3.6M to $3.3M.
What is the long-term trend for Mitek Systems's amortization of capitalized software and acquired intangible assets?
Over 4 years (2021 to 2025), Mitek Systems's amortization of capitalized software and acquired intangible assets has grown at a 17.0% compound annual growth rate (CAGR), from $7.56M to $14.18M.
What does amortization of capitalized software and acquired intangible assets mean?
Amortization of capitalized software and acquired intangible assets

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