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Mitek Systems vs Evolv Technologies Holdings: MITK and EVLV compared
Mitek Systems is the larger company: $54.0M of revenue in its latest quarter (Q3 FY26) against $43.8M for Evolv Technologies Holdings (Q2 2026). Evolv Technologies Holdings is growing faster (+34% against +18% a year earlier). Mitek Systems is more profitable, with an operating margin of 21.4% against -24.1%.
Where the money goes: MITK and EVLV
Mitek Systems (MITK) · Q3 FY26
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.
Evolv Technologies Holdings (EVLV) · Q2 2026
Evolv Technologies Holdings, Q2 2026: revenue $43.8M (+34% year over year), operating margin -24.1%, net loss $9.3M, operating cash flow $11.9M. The chart follows the revenue to costs, profit and cash.
| Mitek Systems (MITK) | Evolv Technologies Holdings (EVLV) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $54.0M | $43.8M |
| Revenue growth, Y/Y | +18% | +34% |
| Operating margin | 21.4% | -24.1% |
| Net earnings | $8.4M | −$9.3M |
| Net margin | 15.5% | -21.3% |
| Operating cash flow | $27.2M | $11.9M |
| Free cash flow | $25.3M | $3.5M |
Where the revenue comes from
Mitek Systems
- SaaS, maintenance, and other: $33.4M (62%)
- Software license: $20.7M (38%)
Evolv Technologies Holdings
- Subscription revenue: $24.8M (57%)
- Product revenue: $9.1M (21%)
- Service revenue: $9.0M (20%)
- License fee and other revenue: $898K (2%)
Questions
Which is bigger, Mitek Systems or Evolv Technologies Holdings?
Mitek Systems is the larger company: $54.0M of revenue in its latest quarter (Q3 FY26) against $43.8M for Evolv Technologies Holdings (Q2 2026).
Is Mitek Systems or Evolv Technologies Holdings growing faster?
Evolv Technologies Holdings is growing faster (+34% against +18% a year earlier).
Which is more profitable, Mitek Systems or Evolv Technologies Holdings?
Mitek Systems is more profitable, with an operating margin of 21.4% against -24.1%.
More: Mitek Systems earnings · how Mitek Systems makes money · Evolv Technologies Holdings earnings · how Evolv Technologies Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.