Mitek Systems, Inc. (MITK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 54.84M | 44.24M | 44.78M | 45.73M | 51.93M | 37.25M | 43.22M | 44.98M | 46.97M | 36.92M | 37.66M | 43.07M | 46.12M | 45.7M | 37.42M | 39.2M | 33.51M | 32.47M | 33.27M | 31.78M |
| Revenue Growth % | 5.61% | 18.76% | 3.6% | 1.67% | 10.56% | 0.91% | 14.78% | 4.43% | 1.83% | -19.22% | 0.62% | 9.89% | 37.64% | 40.74% | 12.48% | 23.34% | 16.46% | 25.01% | 8.59% | 25.05% |
| Cost of Goods Sold | 33K | 8.41M | 7.29M | 7.02M | 6.53M | 5.94M | 6.16M | 6.48M | 6.21M | 5.53M | 6.27M | 5.71M | 5.9M | 5.07M | 8.76M | 5.78M | 4.45M | 4.55M | 3.2M | 3.41M |
| COGS % of Revenue | 0.06% | 19% | 16.28% | 15.36% | 12.58% | 15.96% | 14.26% | 14.41% | 13.23% | 14.99% | 16.66% | 13.26% | 12.79% | 11.09% | 23.41% | 14.76% | 13.28% | 14.03% | 9.62% | 10.73% |
| Gross Profit | 54.81M | 35.84M | 37.49M | 38.71M | 45.4M | 31.31M | 37.06M | 38.49M | 40.75M | 31.38M | 31.38M | 37.36M | 40.23M | 40.63M | 28.66M | 33.41M | 29.06M | 27.92M | 30.07M | 28.37M |
| Gross Margin % | 99.94% | 81% | 83.72% | 84.64% | 87.42% | 84.04% | 85.74% | 85.59% | 86.77% | 85.01% | 83.34% | 86.74% | 87.21% | 88.91% | 76.59% | 85.24% | 86.72% | 85.97% | 90.38% | 89.27% |
| Gross Profit Growth % | 20.73% | 14.46% | 1.16% | 0.55% | 11.4% | -0.23% | 18.08% | 3.04% | 1.31% | -22.77% | 9.5% | 11.81% | 38.43% | 45.55% | -4.69% | 17.78% | 16.32% | 27.84% | 11.12% | 29.43% |
| Operating Expenses | 41.26M | 30.4M | 32.8M | 34.9M | 34.03M | 34.38M | 29.34M | 37.76M | 40.05M | 38.3M | 34.67M | 35.57M | 31.54M | 32.26M | 27.9M | 32.52M | 26.38M | 23.09M | 26.15M | 22.94M |
| OpEx % of Revenue | 75.23% | 68.7% | 73.25% | 76.31% | 65.54% | 92.3% | 67.89% | 83.96% | 85.28% | 103.74% | 92.07% | 82.58% | 68.38% | 70.59% | 74.55% | 82.96% | 78.72% | 71.1% | 78.59% | 72.18% |
| Selling, General & Admin | 21.84M | 19.22M | 21.24M | 22.38M | 20.64M | 21.6M | 19.45M | 22.96M | 25.96M | 25.39M | 24.33M | 21.88M | 19.68M | 17.99M | 17.95M | 17.81M | 15.28M | 14.4M | 14.53M | 13.77M |
| SG&A % of Revenue | 39.83% | 43.45% | 47.42% | 48.94% | 39.74% | 57.97% | 44.99% | 51.04% | 55.28% | 68.79% | 64.61% | 50.81% | 42.67% | 39.37% | 47.96% | 45.43% | 45.6% | 44.35% | 43.67% | 43.32% |
| Research & Development | 7.57M | 7.37M | 8.23M | 8.96M | 9.77M | 8.32M | 6.07M | 9.98M | 9.71M | 8.87M | 6.48M | 7.46M | 7.37M | 7.67M | 4.74M | 8.41M | 7.09M | 6.41M | 8.24M | 6.95M |
| R&D % of Revenue | 13.8% | 16.67% | 18.39% | 19.59% | 18.81% | 22.34% | 14.05% | 22.19% | 20.68% | 24.04% | 17.22% | 17.32% | 15.99% | 16.78% | 12.65% | 21.46% | 21.17% | 19.73% | 24.77% | 21.86% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 13.55M | 5.44M | 4.69M | 3.81M | 11.37M | -3.07M | 7.71M | 734K | 698K | -6.92M | -3.29M | 1.79M | 8.69M | 8.37M | 762K | 893K | 2.68M | 4.83M | 3.92M | 5.43M |
| Operating Margin % | 24.71% | 12.3% | 10.47% | 8.33% | 21.89% | -8.25% | 17.85% | 1.63% | 1.49% | -18.73% | -8.73% | 4.16% | 18.83% | 18.32% | 2.04% | 2.28% | 8% | 14.87% | 11.8% | 17.09% |
| Operating Income Growth % | 19.22% | 276.97% | -39.21% | 418.94% | 1528.22% | 55.55% | 334.71% | -59.04% | -91.96% | -182.6% | -531.36% | 100.67% | 224.1% | 73.39% | -80.59% | -83.56% | 12.46% | 214.18% | -35.36% | 278.8% |
| EBITDA | 18M | 9.08M | 8.16M | 7.8M | 15.31M | 978K | 11.8M | 5.02M | 5M | -2.68M | 975K | 6.47M | 13.63M | 13.2M | 5.47M | 6.05M | 5.3M | 7.29M | 6.51M | 7.67M |
| EBITDA Margin % | 32.82% | 20.52% | 18.22% | 17.06% | 29.48% | 2.63% | 27.3% | 11.17% | 10.64% | -7.25% | 2.59% | 15.03% | 29.55% | 28.89% | 14.62% | 15.44% | 15.82% | 22.44% | 19.56% | 24.13% |
| EBITDA Growth % | 17.58% | 828.32% | -30.85% | 55.31% | 206.43% | 136.52% | 1110.36% | -22.42% | -63.35% | -120.28% | -82.18% | 6.97% | 157.12% | 81.16% | -15.95% | -21.05% | 19.77% | 101.33% | -19.52% | 123.72% |
| D&A (Non-Cash Add-back) | 4.45M | 3.64M | 3.47M | 3.99M | 3.94M | 4.05M | 4.09M | 4.29M | 4.3M | 4.24M | 4.26M | 4.68M | 4.94M | 4.83M | 4.71M | 5.16M | 2.62M | 2.46M | 2.58M | 2.23M |
| EBIT | 13.55M | 6.94M | 5.81M | 5.61M | 12.47M | -2.51M | 9.57M | 2.17M | 1.89M | -5.27M | -1.17M | 2.72M | 9.14M | 8.71M | 400K | 982K | 2.46M | 4.96M | 4.03M | 5.51M |
| Net Interest Income | -1.45M | -2.54M | -2.5M | -2.47M | -2.41M | -2.4M | -2.36M | -2.33M | -2.3M | -2.26M | -2.4M | -2.36M | -2.16M | -2.14M | -2.11M | -2.08M | -2.04M | -2.01M | -1.59M | -2.22M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.45M | 2.54M | 2.5M | 2.47M | 2.41M | 2.4M | 2.36M | 2.33M | 2.3M | 2.26M | 2.4M | 2.36M | 2.16M | 2.14M | 2.11M | 2.08M | 2.04M | 2.01M | 1.59M | 2.22M |
| Other Income/Expense | -813K | -1.04M | -1.39M | -664K | -1.3M | -1.83M | -513K | -893K | -1.11M | -621K | -280K | -1.44M | -1.71M | -1.8M | -2.47M | -1.99M | -2.27M | -1.87M | -1.48M | -2.14M |
| Pretax Income | 12.74M | 4.4M | 3.31M | 3.15M | 10.07M | -4.91M | 7.2M | -159K | -415K | -7.54M | -3.57M | 355K | 6.98M | 6.57M | -1.71M | -1.09M | 415K | 2.96M | 2.44M | 3.29M |
| Pretax Margin % | 23.22% | 9.94% | 7.38% | 6.88% | 19.39% | -13.18% | 16.66% | -0.35% | -0.88% | -20.42% | -9.47% | 0.82% | 15.13% | 14.38% | -4.56% | -2.79% | 1.24% | 9.1% | 7.35% | 10.35% |
| Income Tax | 3.2M | 1.63M | 1.45M | 749K | 916K | -297K | -1.37M | -375K | -697K | -1.74M | -2.12M | 783K | 1.81M | 1.85M | 209K | -880K | -20K | -168K | 637K | 304K |
| Effective Tax Rate % | 25.13% | 36.97% | 43.72% | 23.82% | 9.1% | 6.05% | -19.04% | 235.85% | 167.95% | 23.14% | 59.52% | 220.56% | 25.91% | 28.09% | -12.24% | 80.37% | -4.82% | -5.68% | 26.06% | 9.24% |
| Net Income | 9.54M | 2.77M | 1.86M | 2.4M | 9.15M | -4.61M | 8.57M | 216K | 282K | -5.79M | -1.44M | -428K | 5.17M | 4.73M | -1.92M | -215K | 435K | 3.12M | 1.81M | 2.98M |
| Net Margin % | 17.39% | 6.27% | 4.15% | 5.24% | 17.62% | -12.38% | 19.83% | 0.48% | 0.6% | -15.69% | -3.83% | -0.99% | 11.21% | 10.34% | -5.12% | -0.55% | 1.3% | 9.62% | 5.43% | 9.39% |
| Net Income Growth % | 4.2% | 160.1% | -78.3% | 1009.26% | 3145.39% | 20.39% | 693.7% | 150.47% | -94.54% | -222.58% | 24.63% | -99.07% | 1088.28% | 51.28% | -206.03% | -107.2% | -57.31% | 44.16% | -63.85% | 121.44% |
| Net Income (Continuing) | 9.54M | 2.77M | 1.86M | 2.4M | 9.15M | -4.61M | 8.57M | 216K | 282K | -5.79M | -1.44M | -428K | 5.17M | 4.73M | -1.92M | -215K | 435K | 3.12M | 1.81M | 2.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.20 | 0.06 | 0.04 | 0.05 | 0.20 | -0.10 | 0.18 | 0.00 | 0.01 | -0.13 | -0.03 | -0.01 | 0.11 | 0.10 | 0.01 | -0.00 | 0.01 | 0.07 | 0.05 | 0.07 |
| EPS Growth % | 0% | 158.8% | -78.17% | - | - | 23.08% | 673.25% | - | -94.64% | -230% | - | - | - | 47.71% | -83.88% | -107.27% | -58.95% | 37.04% | -59.67% | 107.55% |
| EPS (Basic) | 0.21 | 0.06 | 0.04 | 0.05 | 0.20 | -0.10 | 0.19 | 0.00 | 0.01 | -0.13 | -0.03 | -0.01 | 0.11 | 0.11 | 0.01 | -0.00 | 0.01 | 0.07 | 0.05 | 0.07 |
| Diluted Shares Outstanding | 48.53M | 47.16M | 47.32M | 46.85M | 46.61M | 45.2M | 46.57M | 48.31M | 48.04M | 46.29M | 46M | 46M | 45.78M | 45.63M | 45.31M | 45.22M | 46.1M | 46.16M | 46.24M | 45.19M |
| Basic Shares Outstanding | 45.05M | 45.7M | 45.96M | 45.89M | 45.65M | 45.2M | 46.56M | 47.02M | 46.9M | 46.29M | 46M | 46M | 46.99M | 44.93M | 44.69M | 44.67M | 44.77M | 44.79M | 44.62M | 43.77M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |