Mitek Systems Inc income statement
In fiscal 2025, Mitek Systems Inc reported revenue of $180m, up 4.4% on the year before, operating income of $16.8m (a 9.3% margin) and net income of $8.8m, or $0.19 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 10 | 9 | 15 | 19 | 25 | 35 | 45 | 64 | 85 | 101 | 120 | 145 | 173 | 172 | 180 | 198 |
| Research and development | 2 | 3 | 7 | 7 | 6 | 6 | 8 | 10 | 18 | 22 | 23 | 28 | 30 | 29 | 35 | 35 | 31 |
| Selling and marketing | 1 | 2 | 3 | 6 | 7 | 6 | 11 | 14 | 19 | 25 | 28 | 32 | 39 | 41 | 41 | 42 | 38 |
| General and administrative | 2 | 3 | 6 | 8 | 10 | 8 | 9 | 11 | 17 | 20 | 22 | 22 | 27 | 43 | 53 | 44 | 47 |
| Operating income | −0 | 0 | −8 | −7 | −5 | 2 | 2 | 3 | −8 | −5 | 9 | 13 | 12 | 16 | 2 | 17 | 35 |
| Interest expense | — | — | — | — | — | — | — | — | — | 0 | 0 | 5 | 8 | 9 | 9 | 10 | 7 |
| Income before tax | −1 | −0 | −8 | −7 | −5 | 2 | 2 | 3 | −9 | −4 | 9 | 9 | 4 | 10 | −1 | 12 | 32 |
| Income tax | 0 | 0 | −0 | 0 | 0 | −1 | −0 | −11 | 3 | −3 | 2 | 1 | −0 | 2 | −4 | 3 | 9 |
| Net income | −1 | −0 | −8 | −7 | −5 | 3 | 2 | 14 | −12 | −1 | 8 | 8 | 4 | 8 | 3 | 9 | 23 |
| Diluted EPS | −$0.04 | −$0.01 | −$0.31 | −$0.26 | −$0.17 | $0.08 | $0.06 | $0.40 | −$0.33 | −$0.02 | $0.18 | $0.18 | $0.08 | $0.17 | $0.07 | $0.19 | $0.47 |
| Diluted shares (average) | — | 22m | 25m | 27m | 30m | 31m | 34m | 36m | 36m | 39m | 43m | 45m | 46m | 46m | 47m | 47m | 48m |
| EBITDA | −0 | 0 | −8 | −7 | −5 | 2 | 3 | 3 | −7 | −3 | 10 | 15 | 14 | 17 | 4 | 18 | 37 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 37 | 52 | 46 | 45 | 44 | 55 | 54 |
| Research and development | 6 | 8 | 10 | 9 | 8 | 7 | 8 | 8 |
| Selling and marketing | 10 | 10 | 11 | 11 | 10 | 8 | 10 | 10 |
| General and administrative | 10 | 12 | 10 | 11 | 11 | 11 | 12 | 13 |
| Operating income | 8 | −3 | 11 | 4 | 5 | 5 | 14 | 12 |
| Interest expense | 2 | 2 | 2 | 2 | 3 | 3 | 1 | 1 |
| Income before tax | 7 | −5 | 10 | 3 | 3 | 4 | 13 | 11 |
| Income tax | −1 | −0 | 1 | 1 | 1 | 2 | 3 | 3 |
| Net income | 9 | −5 | 9 | 2 | 2 | 3 | 10 | 8 |
| Diluted EPS | $0.18 | −$0.10 | $0.20 | $0.05 | $0.04 | $0.06 | $0.20 | $0.17 |
| EBITDA | 8 | −3 | 12 | 4 | 5 | 6 | 14 | 12 |
Compare with peers
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