What is Mitek Systems's unbilled revenue?

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

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

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

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

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

Mitek Systems MITK Unbilled Revenue

Unbilled Revenue at other companies

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$17.81M+29.3%

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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:UnbilledReceivablesCurrent.

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