Mitek Systems Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	179.69	172.08	172.55	144.8	119.8
Revenue Growth (YoY)	4.42%	-0.27%	19.16%	20.87%	18.25%
Cost of Revenue	26.79	24.4	22.95	20.01	14.54
Gross Profit	152.9	147.69	149.6	124.8	105.26
Selling, General & Admin	85.85	93.76	83.89	65.43	54.99
Research & Development	35.28	34.64	28.99	30.19	28.04
Amortization of Goodwill & Intangibles	14.1	15.2	17	13.5	7.5
Operating Expenses	135.23	143.6	129.88	109.12	90.53
Operating Income	17.67	4.08	19.72	15.67	14.73
Interest Expense	-9.78	-9.26	-9.06	-8.23	-5.13
Currency Exchange Gain (Loss)	0.4	1	-0.7	-27.6	-0.5
Other Non Operating Income (Expenses)	3.4	2.5	3.82	28.92	2.42
EBT Excluding Unusual Items	11.69	-1.68	13.78	8.76	11.52
Merger & Restructuring Charges	-0.88	-1.72	-2.1	-4.83	-0.37
Gain (Loss) on Sale of Investments	1.11	2.62	0.72	-1.68	-1.27
Other Unusual Items	-0.31	-0.14	-2.06	1.36	-1.08
Pretax Income	11.61	-0.91	10.34	3.6	8.8
Income Tax Expense	2.81	-4.19	2.31	-0.09	0.82
Net Income	8.8	3.28	8.03	3.69	7.98
Net Income to Common	8.8	3.28	8.03	3.69	7.98
Net Income Growth	168.33%	-59.16%	117.30%	-53.70%	2.10%
Shares Outstanding (Basic)	46	47	46	45	44
Shares Outstanding (Diluted)	47	47	46	46	45
Shares Change (YoY)	-1.14%	2.17%	1.49%	1.55%	6.00%
EPS (Basic)	0.19	0.07	0.18	0.08	0.18
EPS (Diluted)	0.19	0.07	0.17	0.08	0.18
EPS Growth	171.43%	-58.82%	112.50%	-55.56%	-
Free Cash Flow	54.19	30.25	30.55	19.99	35.95
Free Cash Flow Per Share	1.16	0.64	0.66	0.44	0.80
Gross Margin	85.09%	85.82%	86.70%	86.18%	87.86%
Operating Margin	9.84%	2.37%	11.43%	10.82%	12.29%
Profit Margin	4.90%	1.91%	4.65%	2.55%	6.66%
Free Cash Flow Margin	30.15%	17.58%	17.71%	13.81%	30.01%
EBITDA	32.23	20.1	37.74	30.22	23.37
EBITDA Margin	17.94%	11.68%	21.87%	20.87%	19.51%
D&A For EBITDA	14.56	16.01	18.02	14.55	8.64
EBIT	17.67	4.08	19.72	15.67	14.73
EBIT Margin	9.84%	2.37%	11.43%	10.82%	12.29%
Effective Tax Rate	24.23%	-	22.38%	-	9.36%
Revenue as Reported	179.69	172.08	172.55	144.8	119.8
Advertising Expenses	1.2	1.4	1.2	1.1	1.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.