Filing Flows › Mitek Systems (MITK) › How it makes money
How Mitek Systems (MITK) makes money
Mitek Systems (MITK) made $54.1M of revenue in the third quarter fiscal 2026 (Q3 FY26), -0.8% from a year earlier. SaaS, maintenance, and other brought in $33.4M (62%); Software license brought in $20.7M (38%). Of every dollar of revenue, 21¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| SaaS, maintenance, and other | $33.4M | 61.7% | -18% | -5% |
| ↳ Software license and support | $27.0M | 49.9% | -17% | +5% |
| ↳ Software license and support | $3.6M | 6.7% | -29% | -48% |
| ↳ SaaS | $1.3M | 2.4% | +6% | +14% |
| ↳ Professional services and other | $866K | 1.6% | -6% | +28% |
| ↳ Professional services and other | $586K | 1.1% | -7% | +19% |
| Software license | $20.7M | 38.3% | -20% | +6% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $54.1M | 100.0% |
| Operating profit | $11.5M | 21.3% |
| Income tax | $2.8M | 5.2% |
| Net earnings | $8.4M | 15.5% |
| Operating cash flow | $27.2M | 50.2% |
| Free cash flow | $25.3M | 46.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $54.0M | +18% |
| Q2 FY26 | $54.8M | +6% |
| Q1 FY26 | $44.2M | +19% |
| Q4 FY25 | $44.8M | +4% |
| Q3 FY25 | $45.7M | +2% |
| Q2 FY25 | $51.9M | +11% |
| Q4 FY24 | $43.2M | +15% |
From Mitek Systems' 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does Mitek Systems make money?
Mitek Systems (MITK) made $54.1M of revenue in the third quarter fiscal 2026 (Q3 FY26), -0.8% from a year earlier. SaaS, maintenance, and other brought in $33.4M (62%); Software license brought in $20.7M (38%). Of every dollar of revenue, 21¢ was left as operating profit, 15¢ was left as net earnings.
What is Mitek Systems' biggest business?
SaaS, maintenance, and other: $33.4M in the third quarter fiscal 2026, 62% of revenue, -5% from a year earlier.
What is Mitek Systems' profit margin?
Net earnings were $8.4M, 15.5% of revenue, in the third quarter fiscal 2026; the operating margin was 21.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.