What is Mitek Systems's unbilled receivables?

Mitek Systems (MITK) reported unbilled receivables of $9.2M in Q1 2026.

How has Mitek Systems's unbilled receivables changed year-over-year?

Mitek Systems's unbilled receivables increased by 557.1% year-over-year, from $1.4M to $9.2M.

What is the long-term trend for Mitek Systems's unbilled receivables?

Over 3 years (2022 to 2025), Mitek Systems's unbilled receivables has grown at a 1.7% compound annual growth rate (CAGR), from $1.9M to $2M.

Mitek Systems MITK Unbilled Receivables

Unbilled Receivables at other companies

UnitilUTL

$78.2M+29.3%

AWR

American States WaterAWR

$1.26M-63.2%

MGE EnergyMGEE

$31.6M+3.7%

OGS

ONE GASOGS

$121M+1.3%

AWR

American States WaterAWR

$32.16M-9.8%

New Jersey ResourcesNJR

$79.01M+7.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$8.0M+1,319%

CapEx$1.6M+569%

Free cash flow$6.6M+2,766%

Valuation

See full

Market cap$797.05M+84.9%

Enterprise value$780.38M+137%

P/E48.1×+15.8×

P/S4.2×+1.8×

Profitability

See full

Gross margin86.7%+0.5pp

Operating margin14.5%+5.1pp

Net margin8.7%+1.2pp

FCF margin32.4%+9.1pp

Returns & leverage

See full

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:UnbilledReceivablesCurrent.

The official record: Mitek Systems’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Mitek Systems's unbilled receivables.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Mitek Systems's unbilled receivables?: Mitek Systems (MITK) reported unbilled receivables of $9.2M in Q1 2026.
How has Mitek Systems's unbilled receivables changed year-over-year?: Mitek Systems's unbilled receivables increased by 557.1% year-over-year, from $1.4M to $9.2M.
What is the long-term trend for Mitek Systems's unbilled receivables?: Over 3 years (2022 to 2025), Mitek Systems's unbilled receivables has grown at a 1.7% compound annual growth rate (CAGR), from $1.9M to $2M.