MITEK SYSTEMS INC Income Statement
MITK|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
MITEK SYSTEMS INC reported $180M in revenue and $9M in net income for FY2025. Revenue has grown at a 28.9% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.98 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $179.7M | $172.1M | $172.6M | $144.8M | $84.6M | $63.6M | $84.6M | $63.6M | $11.4M | $8.5M | $25.4M | $19.1M | $14.8M | $10.3M | $5.1M |
| Cost of Revenue | - | - | - | $4.5M | $4.1M | $2.9M | $3.0M | $2.9M | $1.6M | $720.0K | $942.0K | $497.0K | $570.7K | - | - |
| SG&A Expense | $44.3M | $53.0M | $43.3M | $26.6M | $19.9M | $17.1M | $19.9M | $17.1M | $11.3M | $8.6M | $7.6M | $9.6M | $7.9M | $3.4M | $1.6M |
| R&D Expense | $35.3M | $34.6M | $29.0M | $30.2M | $21.9M | $18.1M | $21.9M | $18.1M | $10.4M | $7.8M | $5.6M | $6.0M | $6.8M | $3.0M | $2.0M |
| Operating Income | $16.8M | $2.2M | $15.6M | $12.2M | -$4.6M | -$7.8M | -$4.6M | -$7.8M | $2.8M | $1.8M | $1.9M | -$5.4M | -$7.3M | $256.4K | -$383.7K |
| Interest Expense | - | - | $2.2M | $8.2M | $0 | - | $0 | - | - | - | - | - | - | - | - |
| Income Tax | $2.8M | -$4.2M | $2.3M | -$92.0K | -$3.3M | $3.1M | -$3.3M | $3.1M | -$10.9M | -$1.0K | -$543.0K | $2.0K | $1.1K | -$2.5K | $2.3K |
| Net Income | $8.8M | $3.3M | $8.0M | $3.7M | -$724.0K | -$11.8M | -$724.0K | -$11.8M | $14.1M | $2.0M | $2.5M | -$5.3M | -$7.3M | -$125.1K | -$682.4K |
| EPS (Basic) | $0.18 | $0.08 | $0.18 | $0.19 | -$0.02 | -$0.33 | $0.43 | $0.06 | $0.08 | -$0.17 | -$0.26 | -$0.31 | -$0.01 | -$0.01 | - |
| EPS (Diluted) | $0.17 | $0.08 | $0.18 | $0.18 | -$0.02 | -$0.33 | $0.40 | $0.06 | $0.08 | -$0.17 | -$0.26 | -$0.31 | -$0.01 | -$0.01 | -$0.04 |
| Shares Outstanding | 45.0M | 45.6M | 44.7M | 44.2M | 41.8M | 40.4M | 38.0M | 33.7M | 32.8M | 31.7M | 30.5M | 30.4M | 26.0M | 24.1M | 17.8M |
| Operating Margin | 9.3% | 1.3% | 9.0% | 8.4% | -5.4% | -12.3% | -5.4% | -12.3% | 24.3% | 21.4% | 7.5% | -28.2% | -49.3% | 2.5% | -7.5% |
| Profit Margin | 4.9% | 1.9% | 4.7% | 2.5% | -0.9% | -18.6% | -0.9% | -18.6% | 123.4% | 23.0% | 10.0% | -27.6% | -49.1% | -1.2% | -13.3% |