Mitek Systems (MITK) Cost of Revenue (2010 - 2026)
Mitek Systems (MITK) posted Cost of Revenue of $8.18 million for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 16.5% from $7.02 million a year earlier but down 4.4% from the prior quarter.
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Analysis
Mitek Systems (MITK) Cost of Revenue (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Mitek Systems was $32.43 million, up 26.4% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $26.79 million, up 9.8% from FY2024.
- Annual Cost of Revenue has increased for four consecutive fiscal years, with a five-year compound annual growth rate of 49.6% (FY2020 to FY2025).
- In prior fiscal years, Mitek Systems' Cost of Revenue was $24.4 million in FY2024 (+289.0%), $6.27 million in FY2023 (+20.2%), $5.22 million in FY2022 (+63.0%) and $3.2 million in FY2021 (-10.5%).
- Quarterly Cost of Revenue has run from a low of $3.2 million in fiscal Q4 2021 to a high of $8.56 million in fiscal Q2 2026 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last seven quarters, with growth averaging 15.8% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q3 2022, with growth of 69.6%; the weakest was fiscal Q4 2021, with a decline of 10.5%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $8.56 million (Q2 2026), $8.41 million (Q1 2026) and $7.29 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 357.94 Mn |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | 202.01 Mn |
| 10 | Mitek Systems | 800.71 Mn | 240.33 Mn | 45.86 Mn | 8.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.18 Mn |
| Mar 31, 2026 | 8.56 Mn |
| Dec 31, 2025 | 8.41 Mn |
| Sep 30, 2025 | 7.29 Mn |
| Jun 30, 2025 | 7.02 Mn |
| Mar 31, 2025 | 6.53 Mn |
| Dec 31, 2024 | 5.94 Mn |
| Sep 30, 2024 | 6.16 Mn |
| Jun 30, 2024 | 6.48 Mn |
| Mar 31, 2024 | 6.22 Mn |
| Dec 31, 2023 | 5.53 Mn |
| Sep 30, 2023 | 6.27 Mn |
| Jun 30, 2023 | 5.71 Mn |
| Mar 31, 2023 | 5.90 Mn |
| Dec 31, 2022 | 5.07 Mn |
| Sep 30, 2022 | 5.22 Mn |
| Jun 30, 2022 | 5.78 Mn |
| Mar 31, 2022 | 4.45 Mn |
| Dec 31, 2021 | 4.56 Mn |
| Sep 30, 2021 | 3.20 Mn |
API Access
Mitek Systems Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MITK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MITK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MITK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();