Mitek Systems, Inc. (MITK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	197.9M	179.7M	172.1M	172.6M	144.8M
Cost of Revenue	23.9M	26.8M	24.4M	23.0M	20.0M
Gross Profit	174.0M	152.9M	147.7M	149.6M	124.8M
Operating Expenses
R&D Expense	31.2M	35.3M	34.6M	29.0M	30.2M
SG&A Expense	85.3M	85.8M	93.8M	83.9M	65.4M
General & Admin Expense	47.3M	44.3M	53.0M	43.3M	26.6M
Selling & Marketing Expense	37.9M	41.5M	40.8M	40.6M	38.8M
Other Expenses	22.3M	15.0M	17.1M	21.2M	17.0M
Total Operating Expenses	138.8M	136.1M	145.5M	134.0M	112.6M
Cost and Expenses	162.7M	162.9M	169.9M	157.0M	132.6M
Operating Income (EBIT)	35.2M	16.8M	2.2M	15.6M	12.2M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	7.2M	9.8M	9.3M	9.1M	8.2M
Net Interest Income	(7.2M)	(9.8M)	(9.3M)	(9.1M)	(8.2M)
Other Non-Op Income/Expense	(3.6M)	(5.2M)	(3.1M)	(5.2M)	(8.6M)
Non-Operating Income (excl Interest)	(3.6M)	(4.6M)	(6.1M)	(3.8M)	366.0K
EBT (Pre-Tax Income)	31.6M	11.6M	(909.0K)	10.3M	3.6M
Income Tax Expense	9.1M	2.8M	(4.2M)	2.3M	(92.0K)
Bottom Line
Net Income	22.5M	8.8M	3.3M	8.0M	3.7M
Earnings from Cont. Ops	22.5M	8.8M	3.3M	8.0M	3.7M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	22.5M	8.8M	3.3M	8.0M	3.7M
Per Share
Basic EPS	$0.50	$0.19	$0.07	$0.18	$0.08
Diluted EPS	$0.47	$0.19	$0.07	$0.17	$0.08
Revenue Per Share	$4.38	$3.93	$3.70	$3.79	$3.25
Shares
Basic Shares Outstanding	45.2M	45.7M	46.6M	45.5M	44.6M
Diluted Shares Outstanding	48.7M	46.9M	47.5M	46.5M	45.8M
Profitability Metrics
EBITDA	61.6M	36.8M	25.3M	38.5M	27.0M
D&A	22.8M	15.5M	16.9M	19.0M	15.2M
EBIT	38.8M	21.4M	8.3M	19.4M	11.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026