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Mitek Systems MITK
$ 18.01 4.59%
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Quarterly report 2026-Q3
added 08-06-2026

Mitek Systems Income Statement 2025-2009 | MITK

Brief overview of financial performance at Mitek Systems

The figures are compared over a five-year interval. Revenue at Mitek Systems moved from 26 million dollars in 2020 to 180 million dollars in 2025. Across the full period, sales moved by +591.8%; the average annual rate was 47.2%. The company expanded its revenue base at a high speed.

EBITDA was 3 million dollars at the beginning and 18.1 million dollars at the end of the period (+494.9%). EBITDA underperformed the top-line trend. Comparing the endpoints gives EBITDA margins of 11.7% and 10.1%. Operating efficiency did not change materially.

Over the period, net income shifted from $2.2 million to $8.8 million (+305.9%). The period finished with its strongest net-income result.

Market value was $755 million at the start and $431 million at the end. Investors remain cautious despite better financial results.

What the figures show

The five-year picture requires weighing both strengths and weaknesses. The constructive conclusion rests on net-income growth and revenue expansion. The most visible risks are a weaker market valuation and weaker operating efficiency. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Mitek Systems

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

Market Cap

431 M 435 M 564 M 455 M 795 M 755 M 383 M 288 M 293 M 208 M 101 M 88.4 M 145 M 77.9 M 222 M 13.4 M -

Shares

45.7 M 46.6 M 45.5 M 44.6 M 44.8 M 42.5 M 39.3 M 35.8 M 33.1 M 31.6 M 30.8 M 30.5 M 27.5 M 25.1 M 21.5 M 17.8 M -

Historical Prices

9.42 9.35 12.4 10.2 17.8 17.8 7.65 10.8 8.95 6.15 4.11 3.31 5.94 3.21 7.25 0.75 0.35

Net Income

8.8 M 3.28 M 8.03 M 3.69 M 3.12 M 2.17 M -724 K -11.8 M 14.1 M 1.96 M 2.53 M -5.29 M -7.28 M -7.84 M -125 K -682 K -

Revenue

180 M 172 M 173 M 145 M 32.5 M 26 M 84.6 M 63.6 M 45.4 M 34.7 M 25.4 M 19.2 M 14.8 M 9.09 M 10.3 M 5.12 M -

Cost of Revenue

- - 6.27 M 5.07 M 4.56 M 4.14 M - - - - - - - - - - -

Gross Profit

- - - - - - 72.3 M 54.9 M 41.3 M 31.3 M 22.9 M 17 M 13.2 M 7.83 M 9.09 M - -

Operating Income

16.8 M 2.23 M 15.6 M 12.2 M 4.83 M 1.54 M -4.59 M -7.81 M 2.77 M 1.82 M 1.89 M -5.41 M -7.3 M -7.88 M 256 K -384 K -

Interest Expense

- - 2.4 M 2.14 M 2.01 M - - - - - - 118 K 24.9 K 37.2 K -379 K -296 K -

EBITDA

18.1 M 4.03 M 17.3 M 13.6 M 6.27 M 3.04 M 14.5 M 5.07 M 6.04 M 5.39 M 3.87 M -4.94 M -6.98 M -7.65 M 436 K -211 K -

Operating Expenses

- - 34.7 M 32.3 M 23.1 M 20.3 M 66.3 M 54.4 M 36.2 M 27.3 M 19.6 M 22.4 M 20.5 M 15.7 M 8.84 M - -

General and Administrative Expenses

44.3 M 53 M 43.3 M 26.6 M 22.5 M 22.3 M 19.9 M 17.1 M 11.3 M 8.58 M 7.6 M 9.55 M 7.85 M 5.6 M 3.43 M 1.62 M -

All numbers in USD currency

Quarterly Income Statement Mitek Systems

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

45.2 M 45 M 45.7 M 45.7 M 45 M 45.9 M 45.7 M 45.2 M 45 M 47 M 46.9 M 46.3 M 45.6 M 46 M 45.4 M 44.9 M 44.7 M 44.7 M 44.8 M 44.8 M 44.2 M 43.8 M 43.1 M 42.5 M 41.8 M 41.5 M 42.5 M 40.6 M 40.3 M 39.9 M 40.6 M 38.2 M 37.9 M 36.2 M 38.2 M 34.2 M 33.5 M 33 M 32.8 M 32.4 M 32.1 M 31.8 M 31.3 M 31.1 M 31 M 30.8 M 31.1 M 30.6 M 30.5 M 30.5 M 30.6 M 30.4 M 27.5 M 27.1 M 30.4 M 26 M 25 M 25.6 M 26 M 24.4 M 20.6 M 22.6 M 24.4 M

Net Income

8.37 M 9.54 M 2.77 M 2.77 M - 2.4 M 9.15 M -4.61 M - 216 K 282 K -5.79 M - -428 K 5.17 M 4.73 M 4.95 M -215 K 435 K 3.12 M 6.17 M 2.98 M 1.02 M 2.17 M 5 M 1.35 M 2.17 M 561 K 3.28 M -99 K 560 K -3.19 M -2.13 M -2.78 M -3.19 M -5.74 M 12.9 M 616 K -5.74 M -607 K 960 K 739 K -607 K -322 K 955 K 918 K -322 K 146 K 2 K -1.63 M 146 K -1.47 M -1.47 M -2.05 M -1.47 M -1.36 M -4.83 M -2.01 M -1.36 M 26.3 K 94.3 K 325 K 26.3 K

Revenue

54 M 54.8 M 44.2 M 44.2 M - 45.7 M 51.9 M 37.3 M - 45 M 47 M 36.9 M - 43.1 M 46.1 M 45.7 M 107 M 39.2 M 33.5 M 32.5 M 86.5 M 31.8 M 28.8 M 26 M 30.6 M 25.4 M 26 M 22.1 M 25 M 21.9 M 22.1 M 17.7 M 21 M 16.1 M 14.3 M 12.1 M 12.9 M 11.8 M 12.1 M 9.27 M 9.67 M 9.1 M 9.27 M 7.4 M 7.87 M 6.44 M 7.4 M 5.39 M 5.54 M 4.66 M 5.39 M 4.46 M 4.39 M 3.88 M 4.46 M 3.31 M 7.87 M 3.16 M 3.31 M 3.52 M 7.23 M 2.95 M 3.52 M

Cost of Revenue

- - - - - - - - - - - - - - - - - - - - 3.2 M 3.41 M 3.79 M 4.14 M 3.58 M 3.5 M 3.19 M 2.93 M 3.23 M 3.17 M 2.99 M 2.88 M 2.67 M 2.68 M 1.72 M 1.62 M 1.14 M 1.18 M 830 K 891 K 940 K 793 K 720 K 942 K 825 K 591 K 558 K 497 K 520 K 608 K 450 K 571 K 377 K 469 K 417 K 340 K - - - - - - -

Operating Income

11.5 M 13.5 M 5.44 M 5.44 M - 3.81 M 11.4 M -3.07 M - 734 K 698 K -6.92 M - 1.79 M 8.69 M 8.37 M 10.6 M 893 K 2.68 M 4.83 M 9.35 M 5.43 M 2.38 M 1.54 M 6.07 M 1.43 M 1.54 M 299 K 4.53 M -2.91 M 298 K -4.56 M -1.37 M -2.86 M -4.56 M -2.31 M 1.73 M 484 K -2.31 M -672 K 841 K 694 K -672 K -342 K 962 K 310 K -342 K 134 K -65 K -1.65 M 134 K -1.48 M -1.48 M -2.06 M -1.48 M -1.37 M -4.86 M -2.02 M -1.37 M 24 K 480 K 325 K 24 K

Interest Expense

- - - - - - - - - - - 2.26 M - 2.36 M 2.16 M 2.14 M 6.12 M 2.08 M 2.04 M 2.01 M 3.54 M 2.22 M 1.32 M - - - - - - - - - - - - - - - - - - - - - - - - 15.2 K - 17.9 K 19.7 K 13.5 K 18.9 K 5.59 K 13.5 K 6.42 K 26.9 K 10.5 K 9.48 K 6.96 K -383 K 2.69 K 6.96 K

EBITDA

12.8 M 14.3 M 5.79 M 5.79 M - 7.41 M 15 M -2.68 M - 4.43 M 4.5 M -6.52 M - 6.09 M 13.2 M 8.72 M 11.6 M 5.59 M 5.08 M 5.11 M 10.5 M 7.33 M 4.08 M 1.93 M 7.21 M 2.18 M 1.93 M 705 K 5.58 M -2.23 M 704 K -4.19 M -1.05 M -2.66 M -4.19 M -2.22 M 2 M 700 K -2.22 M -502 K 1.17 M 912 K -502 K -233 K 1.28 M 525 K -233 K 242 K 290 K -1.41 M 242 K -1.36 M -1.27 M -1.94 M -1.36 M -1.32 M -4.67 M -1.9 M -1.37 M 84 K 610 K 408 K 84 K

Operating Expenses

- - - - - - - - - - - - - - - - - - - - 26.1 M 22.9 M 22.6 M 20.3 M 21 M 20.5 M 18.9 M 18.8 M 17.3 M 21.6 M 18.6 M 19.4 M 19.7 M 16.3 M 13.8 M 12.8 M 10 M 10.1 M 9.36 M 9.05 M 7.89 M 7.62 M 7.17 M 6.8 M 6.08 M 5.54 M 4.63 M 4.76 M 5.09 M 5.7 M 6.25 M 5.37 M 5.49 M 5.47 M 5.21 M 4.34 M - - - - - 2.63 M -

General and Administrative Expenses

12.9 M 12.2 M 11.1 M 11.1 M - 11.3 M 10.1 M 11.9 M - 12.6 M 14.9 M 15.5 M - 11.6 M 10.1 M 8.48 M 18.6 M 6.59 M 6.07 M 5.96 M 16.4 M 5.63 M 5.72 M 5.06 M 16.4 M 5.88 M 5.06 M 5.29 M 15.7 M 5.07 M 5.29 M 5.84 M 10.5 M 3.24 M 5.84 M 3.52 M 8.35 M 3.36 M 3.52 M 2.24 M 6.54 M 2.18 M 2.24 M 2.09 M 5.7 M 1.8 M 2.09 M 2.16 M 6.97 M 2.3 M 2.16 M 2 M 5.85 M 2.03 M 2 M 1.67 M 4.09 M 1.63 M 1.3 M 1.16 M 2.24 M 785 K 1.16 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Mitek Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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