What is Mitek Systems's provision for credit losses?

Mitek Systems (MITK) reported provision for credit losses of $364K in Q1 2026.

What does provision for credit losses mean?

Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.

Mitek Systems MITK Provision for Credit Losses

Provision for Credit Losses at other companies

The BancorpTBBK

$27.6M-41.1%

Independent Bank CorporationIBCP

$362K-49.8%

Five Star BancorpFSBC

$2.68M+40.8%

Metropolitan Bank Holding Corp.MCB

-$2.3M-151%

First BancorpFBNC

$3.08M+176%

Banc of CaliforniaBANC

$9.8M+5.4%

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$797.05M+84.9%

Enterprise value$780.38M+137%

P/E48.1×+15.8×

P/S4.2×+1.8×

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:ProvisionForDoubtfulAccounts.

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 provision for credit losses?: Mitek Systems (MITK) reported provision for credit losses of $364K in Q1 2026.
What does provision for credit losses mean?: Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.