Filing Flows › Mitek Systems (MITK) › Q3 FY26
Mitek Systems (MITK) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
Mitek Systems (MITK) reported revenue of $54.0M for the third quarter fiscal 2026 (Q3 FY26), +18% from a year earlier and -1% from the quarter before. Operating margin was 21.4%, net earnings $8.4M (15.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.0M | -1% | +18% |
| Operating profit | $11.5M | -15% | +203% |
| Net earnings | $8.4M | -12% | +249% |
| Operating cash flow | $27.2M | — | +26% |
| Free cash flow | $25.3M | — | — |
What changed
Revenue was $54.0M in Q3 FY26, up 18% year over year and down 1% from the previous quarter. Software license and support was the largest line at 50% of revenue. Software license and support added $1.2M year over year (up 5%), 15% of the total change. Software license and support declined 48%.
Operating profit was $11.5M, a 21.4% margin (up 13.0 points year over year). Of the extra revenue versus Q3 FY25, 93% reached operating profit, above the 8% margin then. Total costs grew 1% against revenue growth of 18%. The fastest-growing cost line was General & admin (+15%). Net earnings were $8.4M, up 249% year over year. The effective tax rate was 25.1%.
Operating cash flow was $27.2M (up 26% year over year), 325% of net earnings. Non-cash charges added back $504K of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $13.4M. After purchases of property and equipment, net ($1.8M), free cash flow as the company reports it was $25.3M.
Questions
What was Mitek Systems' revenue in the third quarter fiscal 2026?
Mitek Systems (MITK) reported revenue of $54.0M for the third quarter fiscal 2026 (Q3 FY26), +18% from a year earlier and -1% from the quarter before.
Was Mitek Systems profitable in the third quarter fiscal 2026?
Operating profit was $11.5M (21.4% of revenue) and net earnings $8.4M.
Source: Mitek Systems 10-Q on SEC EDGAR.