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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$837.02M+88.8%
Enterprise value$798.65M+150%
P/E37.1×+8.6×
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:ResearchAndDevelopmentExpense.

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
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
Research and development8,0598,96022,99927,049
General and administrative12,92611,25136,24433,250
Amortization of acquired intangibles and acquisition-related costs3,3043,5609,91310,817
Restructuring costs515837
Total operating costs and expenses42,49441,920122,590122,812

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Mitek Systems's R&D?
Mitek Systems (MITK) reported R&D of $8.06M in Q2 2026.
How has Mitek Systems's R&D changed year-over-year?
Mitek Systems's R&D decreased by 10.1% year-over-year, from $8.96M to $8.06M.
What is the long-term trend for Mitek Systems's R&D?
Over 4 years (2021 to 2025), Mitek Systems's R&D has grown at a 5.9% compound annual growth rate (CAGR), from $28.04M to $35.28M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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