Filing Flows › Mitek Systems (MITK) › Q2 FY26
Mitek Systems (MITK) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Mitek Systems (MITK) reported revenue of $54.8M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +24% from the quarter before. Operating margin was 24.7%, net earnings $9.5M (17.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.8M | +24% | +6% |
| Operating profit | $13.5M | +149% | +19% |
| Net earnings | $9.5M | +244% | +4% |
| Operating cash flow | −$945K | -112% | -107% |
What changed
Revenue was $54.8M in Q2 FY26, up 6% year over year and up 24% from the previous quarter. Software license was the largest line at 47% of revenue. SaaS added $3.2M year over year (up 18%), 111% of the total change. Software license declined 3%.
Operating profit was $13.5M, a 24.7% margin (up 2.8 points year over year). Of the extra revenue versus Q2 FY25, 75% reached operating profit, above the 22% margin then. Total costs grew 2% against revenue growth of 6%. The fastest-growing cost line was General & admin (+21%). Net earnings were $9.5M, up 4% year over year. The effective tax rate was 25.1%.
Operating cash flow was −$945K. Non-cash charges added back $428K of depreciation and amortization and $5.0M of share-based compensation. Working capital and other items used $15.9M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Mitek Systems' revenue in the second quarter fiscal 2026?
Mitek Systems (MITK) reported revenue of $54.8M for the second quarter fiscal 2026 (Q2 FY26), +6% from a year earlier and +24% from the quarter before.
Was Mitek Systems profitable in the second quarter fiscal 2026?
Operating profit was $13.5M (24.7% of revenue) and net earnings $9.5M.
Source: Mitek Systems 10-Q on SEC EDGAR.