Mitek Systems, Inc. (MITK)

Mitek Systems Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	178.13	172.08	172.55	144.8	119.8	101.31
Revenue Growth (YoY)	6.98%	-0.27%	19.16%	20.87%	18.25%	19.77%
Cost of Revenue	25.66	24.4	22.95	20.01	14.54	13.19
Gross Profit	152.47	147.69	149.6	124.8	105.26	88.12
Selling, General & Admin	84.06	93.76	83.89	65.43	54.99	49.93
Research & Development	33.12	34.64	28.99	30.19	28.04	22.86
Operating Expenses	131.75	143.6	129.88	109.12	90.53	79.19
Operating Income	20.72	4.08	19.72	15.67	14.73	8.93
Interest Expense	-9.84	-9.26	-9.06	-8.23	-5.13	-
Currency Exchange Gain (Loss)	11.6	11.6	13.1	-27.6	-0.5	3.6
Other Non Operating Income (Expenses)	-8.39	-8.11	-9.98	28.92	2.42	-3
EBT Excluding Unusual Items	14.1	-1.68	13.78	8.76	11.52	9.53
Merger & Restructuring Charges	-0.91	-1.72	-2.1	-4.83	-0.37	0.08
Gain (Loss) on Sale of Investments	2.62	2.62	0.72	-1.68	-1.27	-0.06
Other Unusual Items	-0.31	-0.14	-2.06	1.36	-1.08	-0.14
Pretax Income	15.51	-0.91	10.34	3.6	8.8	9.41
Income Tax Expense	-0	-4.19	2.31	-0.09	0.82	1.6
Net Income	15.51	3.28	8.03	3.69	7.98	7.81
Net Income to Common	15.51	3.28	8.03	3.69	7.98	7.81
Net Income Growth	-	-59.16%	117.30%	-53.70%	2.10%	-
Shares Outstanding (Basic)	46	47	46	45	44	41
Shares Outstanding (Diluted)	47	47	46	46	45	43
Shares Change (YoY)	0.71%	2.17%	1.49%	1.55%	6.00%	8.11%
EPS (Basic)	0.34	0.07	0.18	0.08	0.18	0.19
EPS (Diluted)	0.33	0.07	0.17	0.08	0.18	0.18
EPS Growth	-	-58.82%	112.50%	-55.56%	-	-
Free Cash Flow	55.8	30.25	30.55	19.99	35.95	23.32
Free Cash Flow Per Share	1.19	0.64	0.66	0.44	0.80	0.55
Gross Margin	85.59%	85.82%	86.70%	86.18%	87.86%	86.98%
Operating Margin	11.63%	2.37%	11.43%	10.82%	12.29%	8.81%
Profit Margin	8.71%	1.91%	4.65%	2.55%	6.66%	7.71%
Free Cash Flow Margin	31.33%	17.58%	17.71%	13.81%	30.01%	23.02%
EBITDA	35.9	20.1	37.74	30.22	23.37	16.47
EBITDA Margin	20.15%	11.68%	21.87%	20.87%	19.51%	16.26%
D&A For EBITDA	15.17	16.01	18.02	14.55	8.64	7.54
EBIT	20.72	4.08	19.72	15.67	14.73	8.93
EBIT Margin	11.63%	2.37%	11.43%	10.82%	12.29%	8.81%
Effective Tax Rate	-	-	22.38%	-	9.36%	16.95%
Revenue as Reported	178.13	172.08	172.55	144.8	119.8	101.31
Advertising Expenses	-	1.4	1.2	1.1	1.2	1.6

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q