Mitek Systems Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	186.68	179.69	172.08	172.55	144.8	119.8
Revenue Growth (YoY)	8.27%	4.42%	-0.27%	19.16%	20.87%	18.25%
Cost of Revenue	29.25	26.79	24.4	22.95	20.01	14.54
Gross Profit	157.43	152.9	147.69	149.6	124.8	105.26
Selling, General & Admin	83.47	85.85	93.76	83.89	65.43	54.99
Research & Development	34.34	35.28	34.64	28.99	30.19	28.04
Amortization of Goodwill & Intangibles	13.73	14.1	15.2	17	13.5	7.5
Operating Expenses	131.54	135.23	143.6	129.88	109.12	90.53
Operating Income	25.89	17.67	4.08	19.72	15.67	14.73
Interest Expense	-10.02	-9.78	-9.26	-9.06	-8.23	-5.13
Currency Exchange Gain (Loss)	0.4	0.4	1	-0.7	-27.6	-0.5
Other Non Operating Income (Expenses)	4.44	3.4	2.5	3.82	28.92	2.42
EBT Excluding Unusual Items	20.71	11.69	-1.68	13.78	8.76	11.52
Merger & Restructuring Charges	-0.59	-0.88	-1.72	-2.1	-4.83	-0.37
Gain (Loss) on Sale of Investments	1.11	1.11	2.62	0.72	-1.68	-1.27
Other Unusual Items	-0.31	-0.31	-0.14	-2.06	1.36	-1.08
Pretax Income	20.92	11.61	-0.91	10.34	3.6	8.8
Income Tax Expense	4.74	2.81	-4.19	2.31	-0.09	0.82
Net Income	16.18	8.8	3.28	8.03	3.69	7.98
Net Income to Common	16.18	8.8	3.28	8.03	3.69	7.98
Net Income Growth	262.86%	168.33%	-59.16%	117.30%	-53.70%	2.10%
Shares Outstanding (Basic)	46	46	47	46	45	44
Shares Outstanding (Diluted)	47	47	47	46	46	45
Shares Change (YoY)	0.48%	-1.14%	2.17%	1.49%	1.55%	6.00%
EPS (Basic)	0.35	0.19	0.07	0.18	0.08	0.18
EPS (Diluted)	0.34	0.19	0.07	0.17	0.08	0.18
EPS Growth	256.06%	171.43%	-58.82%	112.50%	-55.56%	-
Free Cash Flow	60.55	54.19	30.25	30.55	19.99	35.95
Free Cash Flow Per Share	1.28	1.16	0.64	0.66	0.44	0.80
Gross Margin	84.33%	85.09%	85.82%	86.70%	86.18%	87.86%
Operating Margin	13.87%	9.84%	2.37%	11.43%	10.82%	12.29%
Profit Margin	8.67%	4.90%	1.91%	4.65%	2.55%	6.66%
Free Cash Flow Margin	32.43%	30.15%	17.58%	17.71%	13.81%	30.01%
EBITDA	40.04	32.23	20.1	37.74	30.22	23.37
EBITDA Margin	21.45%	17.94%	11.68%	21.87%	20.87%	19.51%
D&A For EBITDA	14.15	14.56	16.01	18.02	14.55	8.64
EBIT	25.89	17.67	4.08	19.72	15.67	14.73
EBIT Margin	13.87%	9.84%	2.37%	11.43%	10.82%	12.29%
Effective Tax Rate	22.64%	24.23%	-	22.38%	-	9.36%
Revenue as Reported	186.68	179.69	172.08	172.55	144.8	119.8
Advertising Expenses	-	1.2	1.4	1.2	1.1	1.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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