Filing Flows › Mitek Systems (MITK) › Q2 FY26 › vs Q1 FY26
Mitek Systems (MITK) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Mitek Systems's revenue rose $10.6M (+24%) from $44.2M in Q1 FY26 to $54.8M in Q2 FY26. Operating margin 24.7% against 12.3% (+12.4 pts).
Mitek Systems, Q2 FY26: revenue $54.8M (+6% year over year), operating margin 24.7%, net earnings $9.5M, operating cash flow −$945K. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 24.7% | 12.3% | +12.4 pts |
| Net margin | 17.4% | 6.3% | +11.1 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $54.8M | $44.2M | $10.6M | +24% |
| Operating profit | $13.5M | $5.4M | $8.1M | +149% |
| Costs & expenses | $41.3M | $38.8M | $2.5M | +6% |
| Pre-tax earnings | $12.7M | $4.4M | $8.3M | +190% |
| Other expense, net | $813K | $1.0M | −$229K | -22% |
| Research & development | $7.6M | $7.4M | $192K | +3% |
| Sales & marketing | $9.6M | $8.1M | $1.5M | +18% |
| General & admin | $12.2M | $11.1M | $1.2M | +11% |
| Other operating costs | $11.9M | $12.2M | −$327K | -3% |
| Net earnings | $9.5M | $2.8M | $6.8M | +244% |
| Income tax | $3.2M | $1.6M | $1.6M | +97% |
| Operating cash sources | $15.9M | −$2.2M | $18.1M | — |
| Depreciation & amortization | $428K | $353K | $75K | +21% |
| Share-based compensation | $5.0M | $2.7M | $2.3M | +86% |
| Cash used in operations | $945K | −$8.0M | $9.0M | — |
| Working capital & other | $15.9M | −$2.2M | $18.1M | — |
Questions
How much did Mitek Systems's revenue grow quarter over quarter in Q2 FY26?
Mitek Systems's revenue rose $10.6M (+24%) from $44.2M in Q1 FY26 to $54.8M in Q2 FY26. Operating margin 24.7% against 12.3% (+12.4 pts).