Mitek Systems MITK Prepaid & Other Current

Contract origination costs included in other current and non-current assets on the condensed consolidated balance sheets totaled $18.6 million and $4.0 million as of June 30, 2026 and September 30, 2025, respectively. Contract origination costs consist primarily of: (1) sales commissions and incentive payments made to the Company’s direct and indirect sales personnel, and (2) the associated payroll taxes and fringe benefit costs associated with these payments to the Company’s employees. Contract origination costs are amortized based on the transfer of goods or services to which the asset relates, including consideration of the expected customer benefit period. Contract fulfillment costs related to goods or services transferred under a specific anticipated contract have historically been immaterial. Amortization of contract origination costs is included in selling and marketing expenses in the condensed consolidated statement of operations and comprehensive income (loss) and totaled $0.9 million and $0.5 million during the three months ended June 30, 2026 and 2025, respectively, and $2.2 million and $1.4 million during the nine months ended June 30, 2026 and 2025, respectively. There were no impairment losses recognized during both the nine months ended June 30, 2026 and 2025 related to capitalized contract costs.