Filing Flows › Mitek Systems (MITK) › Q3 FY26 › vs Q3 FY25
Mitek Systems (MITK) Q3 FY26 vs Q3 FY25 (year over year)
Mitek Systems's revenue rose $8.3M (+18%) from $45.7M in Q3 FY25 to $54.0M in Q3 FY26. The biggest changes: SaaS, maintenance, and other −$1.7M (-5%); Software license +$1.2M (+6%). Operating margin 21.4% against 8.3% (+13.0 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 21.4% | 8.3% | +13.0 pts |
| Net margin | 15.5% | 5.2% | +10.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Software license and support | $27.0M | $25.8M | $1.2M | +5% |
| Software license and support | $3.6M | $6.9M | −$3.3M | -48% |
| SaaS | $1.3M | $1.2M | $158K | +14% |
| Professional services and other | $866K | $678K | $188K | +28% |
| Professional services and other | $586K | $491K | $95K | +19% |
| SaaS, maintenance, and other | $33.4M | $35.1M | −$1.7M | -5% |
| Software license | $20.7M | $19.5M | $1.2M | +6% |
| Revenue | $54.0M | $45.7M | $8.3M | +18% |
| Operating profit | $11.5M | $3.8M | $7.7M | +203% |
| Costs & expenses | $42.5M | $41.9M | $574K | +1% |
| Pre-tax earnings | $11.2M | $3.1M | $8.0M | +255% |
| Other expense, net | $374K | $664K | −$290K | -44% |
| Research & development | $8.1M | $9.0M | −$901K | -10% |
| Sales & marketing | $10.0M | $11.1M | −$1.1M | -10% |
| General & admin | $12.9M | $11.3M | $1.7M | +15% |
| Other operating costs | $11.5M | $10.6M | $901K | +9% |
| Net earnings | $8.4M | $2.4M | $6.0M | +249% |
| Income tax | $2.8M | $749K | $2.1M | +274% |
| Depreciation & amortization | $504K | $432K | $72K | +17% |
| Share-based compensation | $4.9M | $4.4M | $468K | +11% |
| Working capital & other | $13.4M | $14.3M | −$926K | -6% |
| Operating cash flow | $27.2M | $21.6M | $5.6M | +26% |
Questions
How much did Mitek Systems's revenue grow year over year in Q3 FY26?
Mitek Systems's revenue rose $8.3M (+18%) from $45.7M in Q3 FY25 to $54.0M in Q3 FY26.
What drove Mitek Systems's revenue change in Q3 FY26?
SaaS, maintenance, and other −$1.7M (-5%); Software license +$1.2M (+6%).