Company / R&D Expense
MITEK SYSTEMS INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$35.3M
FY2025
5-year range
$21.9M / $35.3M
FY2021-FY2025
Trend
+1.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $8M in FY2016 to $35M in FY2025.
Based on SEC 10-K filings.
$35M in FY2025 with a 5-year CAGR of +14.3%.
Improved from $29M to $35M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +5.3%
- 5-Year CAGR
- +14.3%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +14.3%, indicating consistent growth.
- In FY2025, r&d expense increased 1.9% year-over-year.
- Lowest r&d expense in the period was in FY2016.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $35.3M | +1.9% |
| FY2024 | $34.6M | +19.5% |
| FY2023 | $29.0M | -4.0% |
| FY2022 | $30.2M | +38.0% |
| FY2021 | $21.9M | +20.7% |
| FY2020 | $18.1M | -17.2% |
| FY2019 | $21.9M | +20.7% |
| FY2018 | $18.1M | +73.7% |
| FY2017 | $10.4M | +33.8% |
| FY2016 | $7.8M | +39.8% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026