Mitek Systems, Inc. (MITK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MITK Revenue Growth
Revenue Breakdown (FY 2025)
MITK's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MITK Revenue Analysis (2014–2025)
As of May 8, 2026, Mitek Systems, Inc. (MITK) generated trailing twelve-month (TTM) revenue of $189.6 million, reflecting solid growth of +5.6% year-over-year. The most recent quarter (Q2 2026) recorded $54.8 million in revenue, up 24.0% sequentially.
Looking at the longer-term picture, MITK's 5-year compound annual growth rate (CAGR) stands at +12.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $179.7 million in 2025, representing a new all-time high.
Revenue diversification analysis shows MITK's business is primarily driven by Deposits Revenue (40%), SaaS (30%), and Identity Verification Revenue (30%).
When compared to Technology sector peers including ALKT (+32.7% YoY), INTU (+17.2% YoY), and IDAI (+72.6% YoY), MITK has underperformed the peer group in terms of revenue growth. Compare MITK vs ALKT →
MITK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MITKCurrent | $190M | +5.6% | +12.1% | 9.3% | |
 ALKT | $444M | +32.7% | +31.7% | -12.1% | |
 INTU | $18.8B | +17.2% | +19.7% | 26.1% | |
 IDAI | $3M | +72.6% | +7.9% | -303.9% | |
 NCNO | $541M | +12.1% | +31.4% | -3.4% | |
 QLYS | $669M | +10.2% | +13.0% | 33.2% |
MITK Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $179.7M | +4.4% | $152.9M | 85.1% | $16.8M | 9.3% |
| 2024 | $172.1M | -0.3% | $147.7M | 85.8% | $2.2M | 1.3% |
| 2023 | $172.6M | +19.2% | $149.6M | 86.7% | $15.6M | 9.0% |
| 2022 | $144.8M | +20.9% | $124.8M | 86.2% | $12.2M | 8.4% |
| 2021 | $119.8M | +18.2% | $105.3M | 87.9% | $13.3M | 11.1% |
| 2020 | $101.3M | +19.8% | $88.1M | 87.0% | $8.9M | 8.8% |
| 2019 | $84.6M | +33.1% | $72.3M | 85.5% | $-4,590,000 | -5.4% |
| 2018 | $63.6M | +40.0% | $54.9M | 86.3% | $-7,806,000 | -12.3% |
| 2017 | $45.4M | +30.8% | $41.3M | 91.1% | $2.8M | 6.1% |
| 2016 | $34.7M | +36.8% | $31.3M | 90.2% | $1.8M | 5.3% |
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Start ComparisonMITK — Frequently Asked Questions
Quick answers to the most common questions about buying MITK stock.
Is MITK's revenue growth accelerating or slowing?
MITK maintains +5.6% revenue growth, in line with its 5-year CAGR of +12.1%. TTM revenue stands at $190M. Growth rate remains consistent with historical average.
What is MITK's long-term revenue growth rate?
Mitek Systems, Inc.'s 5-year revenue CAGR of +12.1% reflects the sustained expansion pattern. Current YoY growth of +5.6% is near this long-term average.
How is MITK's revenue distributed by segment?
MITK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.