Filing Flows › Mitek Systems (MITK) › Q2 FY26 › vs Q2 FY25
Mitek Systems (MITK) Q2 FY26 vs Q2 FY25 (year over year)
Mitek Systems's revenue rose $2.9M (+6%) from $51.9M in Q2 FY25 to $54.8M in Q2 FY26. The biggest changes: SaaS +$3.2M (+18%); Software license and support +$1.7M (+6%); SaaS +$36K (+3%). Operating margin 24.7% against 21.9% (+2.8 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 24.7% | 21.9% | +2.8 pts |
| Net margin | 17.4% | 17.6% | -0.2 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Software license | $25.9M | $26.7M | −$750K | -3% |
| Software license and support | $5.1M | $2.8M | $2.2M | +79% |
| Professional services and other | $920K | $857K | $63K | +7% |
| Professional services and other | $632K | $486K | $146K | +30% |
| Software license and support | $32.6M | $30.9M | $1.7M | +6% |
| SaaS | $21.2M | $18.0M | $3.2M | +18% |
| SaaS | $1.2M | $1.2M | $36K | +3% |
| Revenue | $54.8M | $51.9M | $2.9M | +6% |
| Operating profit | $13.5M | $11.4M | $2.2M | +19% |
| Costs & expenses | $41.3M | $40.6M | $728K | +2% |
| Pre-tax earnings | $12.7M | $10.1M | $2.7M | +26% |
| Other expense, net | $813K | $1.3M | −$484K | -37% |
| Research & development | $7.6M | $9.8M | −$2.2M | -23% |
| Sales & marketing | $9.6M | $10.5M | −$939K | -9% |
| General & admin | $12.2M | $10.1M | $2.1M | +21% |
| Other operating costs | $11.9M | $10.2M | $1.7M | +17% |
| Net earnings | $9.5M | $9.2M | $384K | +4% |
| Income tax | $3.2M | $916K | $2.3M | +249% |
| Operating cash sources | $15.9M | $105K | $15.8M | 152× |
| Depreciation & amortization | $428K | $344K | $84K | +24% |
| Share-based compensation | $5.0M | $4.4M | $649K | +15% |
| Cash used in operations | $945K | −$13.7M | $14.7M | — |
| Working capital & other | $15.9M | $105K | $15.8M | 152× |
Questions
How much did Mitek Systems's revenue grow year over year in Q2 FY26?
Mitek Systems's revenue rose $2.9M (+6%) from $51.9M in Q2 FY25 to $54.8M in Q2 FY26.
What drove Mitek Systems's revenue change in Q2 FY26?
SaaS +$3.2M (+18%); Software license and support +$1.7M (+6%); SaaS +$36K (+3%).