Filing Flows › Mitek Systems (MITK) › Q3 FY26 › vs Q2 FY26
Mitek Systems (MITK) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Mitek Systems's revenue fell $803K (-1%) from $54.8M in Q2 FY26 to $54.0M in Q3 FY26. The biggest changes: SaaS, maintenance, and other −$7.2M (-18%); Software license −$5.2M (-20%). Operating margin 21.4% against 24.7% (-3.3 pts).
Mitek Systems, Q3 FY26: revenue $54.0M (+18% year over year), operating margin 21.4%, net earnings $8.4M, operating cash flow $27.2M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 21.4% | 24.7% | -3.3 pts |
| Net margin | 15.5% | 17.4% | -1.9 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Software license and support | $27.0M | $32.7M | −$5.7M | -17% |
| Software license and support | $3.6M | $5.1M | −$1.5M | -29% |
| SaaS | $1.3M | $1.2M | $78K | +6% |
| Professional services and other | $866K | $920K | −$54K | -6% |
| Professional services and other | $586K | $632K | −$46K | -7% |
| SaaS, maintenance, and other | $33.4M | $40.6M | −$7.2M | -18% |
| Software license | $20.7M | $25.9M | −$5.2M | -20% |
| Revenue | $54.0M | $54.8M | −$803K | -1% |
| Operating profit | $11.5M | $13.5M | −$2.0M | -15% |
| Costs & expenses | $42.5M | $41.3M | $1.2M | +3% |
| Pre-tax earnings | $11.2M | $12.7M | −$1.6M | -12% |
| Other expense, net | $374K | $813K | −$439K | -54% |
| Research & development | $8.1M | $7.6M | $493K | +7% |
| Sales & marketing | $10.0M | $9.6M | $425K | +4% |
| General & admin | $12.9M | $12.2M | $682K | +6% |
| Other operating costs | $11.5M | $11.9M | −$398K | -3% |
| Net earnings | $8.4M | $9.5M | −$1.2M | -12% |
| Income tax | $2.8M | $3.2M | −$397K | -12% |
| Depreciation & amortization | $504K | $428K | $76K | +18% |
| Share-based compensation | $4.9M | $5.0M | −$111K | -2% |
| Working capital & other | $13.4M | −$15.9M | $29.3M | — |
| Operating cash flow | $27.2M | −$945K | $28.1M | — |
Questions
How much did Mitek Systems's revenue grow quarter over quarter in Q3 FY26?
Mitek Systems's revenue fell $803K (-1%) from $54.8M in Q2 FY26 to $54.0M in Q3 FY26.
What drove Mitek Systems's revenue change in Q3 FY26?
SaaS, maintenance, and other −$7.2M (-18%); Software license −$5.2M (-20%).