Filing Flows › Comparisons › MITK vs WETH
Mitek Systems vs Wetouch Technology: MITK and WETH compared
Mitek Systems is the larger company: $54.0M of revenue in its latest quarter (Q3 FY26) against $14.0M for Wetouch Technology (Q2 2026). Mitek Systems is growing faster (+18% against +13% a year earlier). Wetouch Technology is more profitable, with an operating margin of 22.6% against 21.4%.
Where the money goes: MITK and WETH
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.
Wetouch Technology (WETH) · Q2 2026
Wetouch Technology, Q2 2026: revenue $14.0M (+13% year over year), operating margin 22.6%, net earnings $2.2M, operating cash flow $4.9M. The chart follows the revenue to costs, profit and cash.
| Mitek Systems (MITK) | Wetouch Technology (WETH) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $54.0M | $14.0M |
| Revenue growth, Y/Y | +18% | +13% |
| Gross margin | — | 34.9% |
| Operating margin | 21.4% | 22.6% |
| Net earnings | $8.4M | $2.2M |
| Net margin | 15.5% | 15.5% |
| Operating cash flow | $27.2M | $4.9M |
| Free cash flow | $25.3M | — |
Where the revenue comes from
Mitek Systems
- SaaS, maintenance, and other: $33.4M (62%)
- Software license: $20.7M (38%)
Questions
Which is bigger, Mitek Systems or Wetouch Technology?
Mitek Systems is the larger company: $54.0M of revenue in its latest quarter (Q3 FY26) against $14.0M for Wetouch Technology (Q2 2026).
Is Mitek Systems or Wetouch Technology growing faster?
Mitek Systems is growing faster (+18% against +13% a year earlier).
Which is more profitable, Mitek Systems or Wetouch Technology?
Wetouch Technology is more profitable, with an operating margin of 22.6% against 21.4%.
More: Mitek Systems earnings · how Mitek Systems makes money · Wetouch Technology earnings · how Wetouch Technology makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.