What is Mitek Systems's R&D?

Mitek Systems (MITK) reported R&D of $7.57M in Q1 2026.

How has Mitek Systems's R&D changed year-over-year?

Mitek Systems's R&D decreased by 22.5% year-over-year, from $9.77M to $7.57M.

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.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Mitek Systems MITK R&D

R&D at other companies

Diebold NixdorfDBD

$22.1M-2.6%

Clear SecureYOU

$19.45M+2.4%

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$784.86M+84.9%

Enterprise value$768.19M+137%

P/E47.4×+15.5×

P/S4.1×+1.7×

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:ResearchAndDevelopmentExpense.

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 r&d.

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

Connect your AI

Claude

Questions, answered.

What is Mitek Systems's R&D?: Mitek Systems (MITK) reported R&D of $7.57M in Q1 2026.
How has Mitek Systems's R&D changed year-over-year?: Mitek Systems's R&D decreased by 22.5% year-over-year, from $9.77M to $7.57M.
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.