Mitek Systems (MITK) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Mitek Systems Revenue Highlights

Latest Revenue (Y)

$172.08M

Latest Revenue (Q)

$51.93M

Main Segment (Y)

Deposits Revenue

Main Geography (Y)

UNITED STATES

Mitek Systems Revenue by Period

Mitek Systems Revenue by Year

Date	Revenue	Change
2024-09-30	$172.08M	-0.27%
2023-09-30	$172.55M	19.16%
2022-09-30	$144.80M	20.87%
2021-09-30	$119.80M	18.25%
2020-09-30	$101.31M	19.77%
2019-09-30	$84.59M	33.09%
2018-09-30	$63.56M	40.03%
2017-09-30	$45.39M	30.80%
2016-09-30	$34.70M	36.79%
2015-09-30	$25.37M	32.46%
2014-09-30	$19.15M	29.37%
2013-09-30	$14.80M	62.80%
2012-09-30	$9.09M	-11.43%
2011-09-30	$10.27M	100.55%
2010-09-30	$5.12M	41.46%
2009-09-30	$3.62M	-30.80%
2008-09-30	$5.23M	-6.11%
2007-09-30	$5.57M	-7.49%
2006-09-30	$6.02M	-8.69%
2005-09-30	$6.59M	25.83%
2004-09-30	$5.24M	-54.80%
2003-09-30	$11.59M	-11.38%
2002-09-30	$13.08M	41.07%
2001-09-30	$9.27M	-0.79%
2000-09-30	$9.35M	-3.63%
1999-09-30	$9.70M	49.23%
1998-09-30	$6.50M	35.42%
1997-09-30	$4.80M	-41.46%
1996-09-30	$8.20M	24.24%
1995-09-30	$6.60M	-35.29%
1994-09-30	$10.20M	-22.14%
1993-09-30	$13.10M	-29.19%
1992-09-30	$18.50M	-

Mitek Systems generated $172.08M in revenue during NA 2024, up -0.27% compared to the previous quarter, and up 203.43% compared to the same period a year ago.

Mitek Systems Revenue by Quarter

Date	Revenue	Change
2025-03-31	$51.93M	39.39%
2024-12-31	$37.25M	-13.81%
2024-09-30	$43.22M	-3.90%
2024-06-30	$44.98M	-4.24%
2024-03-31	$46.97M	27.23%
2023-12-31	$36.92M	-1.96%
2023-09-30	$37.66M	-12.57%
2023-06-30	$43.07M	-6.62%
2023-03-31	$46.12M	0.92%
2022-12-31	$45.70M	17.90%
2022-09-30	$38.77M	-1.44%
2022-06-30	$39.33M	13.31%
2022-03-31	$34.71M	6.90%
2021-12-31	$32.47M	-2.40%
2021-09-30	$33.27M	4.70%
2021-06-30	$31.78M	10.44%
2021-03-31	$28.77M	10.77%
2020-12-31	$25.98M	-15.22%
2020-09-30	$30.64M	20.56%
2020-06-30	$25.41M	9.58%
2020-03-31	$23.19M	5.10%
2019-12-31	$22.07M	-11.80%
2019-09-30	$25.02M	14.21%
2019-06-30	$21.91M	9.62%
2019-03-31	$19.98M	13.01%
2018-12-31	$17.68M	-15.94%
2018-09-30	$21.04M	30.59%
2018-06-30	$16.11M	12.83%
2018-03-31	$14.28M	17.64%
2017-12-31	$12.14M	-5.95%
2017-09-30	$12.90M	9.37%
2017-06-30	$11.80M	3.32%
2017-03-31	$11.42M	23.20%
2016-12-31	$9.27M	-4.15%
2016-09-30	$9.67M	6.21%
2016-06-30	$9.11M	6.84%
2016-03-31	$8.52M	15.09%
2015-12-31	$7.40M	-5.87%
2015-09-30	$7.87M	22.14%
2015-06-30	$6.44M	13.53%
2015-03-31	$5.67M	5.25%
2014-12-31	$5.39M	-2.79%
2014-09-30	$5.54M	18.98%
2014-06-30	$4.66M	3.92%
2014-03-31	$4.48M	0.48%
2013-12-31	$4.46M	1.72%
2013-09-30	$4.39M	13.01%
2013-06-30	$3.88M	20.40%
2013-03-31	$3.22M	-2.58%
2012-12-31	$3.31M	171.34%
2012-09-30	$1.22M	-61.42%
2012-06-30	$3.16M	165.30%
2012-03-31	$1.19M	-66.14%
2011-12-31	$3.52M	15.77%
2011-09-30	$3.04M	2.92%
2011-06-30	$2.95M	2.98%
2011-03-31	$2.87M	104.36%
2010-12-31	$1.40M	-13.38%
2010-09-30	$1.62M	97.02%
2010-06-30	$822.49K	-45.78%
2010-03-31	$1.52M	30.88%
2009-12-31	$1.16M	44.13%
2009-09-30	$804.15K	-12.09%
2009-06-30	$914.74K	2.98%
2009-03-31	$888.28K	-12.18%
2008-12-31	$1.01M	-1.21%
2008-09-30	$1.02M	-39.11%
2008-06-30	$1.68M	33.40%
2008-03-31	$1.26M	-0.24%
2007-12-31	$1.26M	-7.84%
2007-09-30	$1.37M	-

Mitek Systems generated $51.93M in revenue during Q2 2025, up 39.39% compared to the previous quarter, and up 140.66% compared to the same period a year ago.

Mitek Systems Revenue Breakdown

Mitek Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Identity Verification Revenue	$76.68M	$68.53M	$68.42M	$58.13M	$44.28M
SaaS	$77.01M	-	-	-	-
Deposits Revenue	$103.01M	$103.56M	$104.13M	$85.81M	$75.52M
Professional Services And Other	$3.14M	-	-	-	-
Service, Other	-	-	-	$71.45M	-
License	-	-	-	$72.49M	-

Mitek Systems's latest annual revenue breakdown by segment (product or service), as of Sep 25: Deposits Revenue (39.64%), SaaS (29.64%), Identity Verification Revenue (29.51%), and Professional Services And Other (1.21%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Deposits Revenue	$23.82M	$26.22M	$33.69M	$19.29M	$52.98M	$29.50M	$21.08M	$20.29M	$24.80M	$23.53M	$21.92M	$21.30M	$19.05M	$21.93M	$20.78M	$17.20M	$15.62M	$21.51M	$16.95M	$14.62M
Identity Verification Revenue	$20.96M	$19.51M	$18.24M	$17.97M	$35.22M	$17.46M	$15.84M	$17.37M	$18.27M	$13.89M	$17.41M	$13.41M	$13.42M	$11.35M	$11.00M	$11.58M	$10.36M	$9.13M	$8.46M	$8.57M
Service, Other	-	-	-	-	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-
License	-	-	-	-	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-

Mitek Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Deposits Revenue (53.19%), and Identity Verification Revenue (46.81%).

Mitek Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 25	Sep 24	Sep 23
UNITED STATES	$136.20M	$135.34M	$134.96M
Non-US	-	$19.13M	$37.59M

Mitek Systems's latest annual revenue breakdown by geography, as of Sep 25: UNITED STATES (100.00%).

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
UNITED STATES	$32.77M	$35.35M	$42.46M	$25.62M	$69.05M	$37.86M	$28.43M	-	-	-	-	-	-	-	-	-	-	-	-	-
License	-	-	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-	-	-
Service, Other	-	-	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-	-	-
Identity Verification Revenue	-	-	-	-	-	-	-	$13.89M	$17.41M	$13.41M	$13.42M	$11.35M	$11.00M	$11.58M	$10.36M	$9.13M	$8.46M	$8.57M	$7.42M	$7.82M
Deposits Revenue	-	-	-	-	-	-	-	$23.53M	$21.92M	$21.30M	$19.05M	$21.93M	$20.78M	$17.20M	$15.62M	$21.51M	$16.95M	$14.62M	$14.65M	$17.20M

Mitek Systems's latest quarterly revenue breakdown by geography, as of Sep 25: UNITED STATES (100.00%).

Mitek Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
IMXI	International Money Express	$658.65M	$154.92M
RMNI	Rimini Street	$428.75M	$103.43M
CMRC	Commerce	$332.93M	$84.43M
PUBM	PubMatic	$291.26M	$67.96M
CRNC	Cerence	$251.78M	$78.01M
MTLS	Materialise	$250.88M	$64.01M
OSPN	OneSpan	$243.18M	$57.06M
MITK	Mitek Systems	$172.08M	$51.93M
LAW	CS Disco	$144.84M	$40.92M
EGAN	eGain	$88.43M	$23.51M
GRRR	Gorilla Technology Group	$64.69M	$26.73M

MITK Revenue FAQ

What is Mitek Systems’s yearly revenue?

Mitek Systems's yearly revenue for 2024 was $172.08M, representing a decrease of -0.27% compared to 2023. The company's yearly revenue for 2023 was $172.55M, representing an increase of 19.16% compared to 2022. MITK's yearly revenue for 2022 was $144.8M, representing an increase of 20.87% compared to 2021.

What is Mitek Systems’s quarterly revenue?

Mitek Systems's quarterly revenue for Q2 2025 was $51.93M, a 39.39% increase from the previous quarter (Q1 2025), and a 10.56% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $37.25M, a -13.81% decrease from the previous quarter (Q4 2024), and a 0.91% increase year-over-year (Q1 2024). MITK's quarterly revenue for Q4 2024 was $43.22M, a -3.90% decrease from the previous quarter (Q3 2024), and a 14.78% increase year-over-year (Q4 2023).

What is Mitek Systems’s revenue growth rate?

Mitek Systems's revenue growth rate for the last 3 years (2022-2024) was 18.84%, and for the last 5 years (2020-2024) was 69.86%.

What are Mitek Systems’s revenue streams?

Mitek Systems's revenue streams in p 25 are Identity Verification Revenue, SaaS, Deposits Revenue, and Professional Services And Other. Identity Verification Revenue generated $76.68M in revenue, accounting 29.51% of the company's total revenue, up 11.90% year-over-year. SaaS generated $77.01M in revenue, accounting 29.64% of the company's total revenue Deposits Revenue generated $103.01M in revenue, accounting 39.64% of the company's total revenue, down -0.53% year-over-year. Professional Services And Other generated $3.14M in revenue, accounting 1.21% of the company's total revenue

What is Mitek Systems’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of Mitek Systems was Deposits Revenue. This segment made a revenue of $103.01M, representing 39.64% of the company's total revenue.