Mitek Systems (MITK) Cost of Revenue (2010 - 2026)
Mitek Systems (MITK) posted Cost of Revenue of $8.1 million for Q2 2026, down 4.76% on a QoQ basis from $8.5 million in Q1 2026, and up 16.5% year-over-year from $7.0 million in Q2 2025.
Analysis
Mitek Systems (MITK) Cost of Revenue (2010 - 2026) Analysis & Trends
Mitek Systems has reported Cost of Revenue for 17 years, with the latest figure at $8.1 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 16.5% year-over-year to $8.1 million in Q2 2026; TTM through Jun 2026 was $32.2 million, a 27.18% increase from a year earlier, with the FY2025 full-year figure at $26.6 million, up 10.31% from the prior year.
- Cost of Revenue was $8.1 million for Q2 2026 at Mitek Systems, down from $8.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $8.5 million in Q1 2026, with the low at $4.5 million in Q1 2022.
- Average Cost of Revenue over 5 years is $6.3 million, with a median of $6.1 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue surged 69.62% in 2022, then retreated 4.69% in 2024.
- Over 5 years, Cost of Revenue stood at $5.1 million in 2022, then advanced by 8.38% to $5.5 million in 2023, then gained by 6.97% to $5.9 million in 2024, then soared by 42.49% to $8.4 million in 2025, then retreated by 3.05% to $8.1 million in 2026.
- The last three Cost of Revenue figures came in at $8.1 million (Q2 2026), $8.5 million (Q1 2026), and $8.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 28.51 Bn | 26.21 Bn | 641.00 Mn | 164.00 Mn |
| 2 | SailPoint | 10.67 Bn | 10.28 Bn | 181.11 Mn | 99.03 Mn |
| 3 | Clear Secure | 5.97 Bn | 5.05 Bn | 276.82 Mn | 938,000.00 |
| 4 | First Advantage | 3.67 Bn | 3.43 Bn | 203.99 Mn | 244.77 Mn |
| 5 | Cyberloq Technologies | 3.41 Bn | 3.41 Bn | - | 5,275.00 |
| 6 | Red Violet | 1.07 Bn | 1.02 Bn | 22.90 Mn | 3.82 Mn |
| 7 | Mitek Systems | 837.70 Mn | 737.99 Mn | 45.92 Mn | 8.12 Mn |
| 8 | OneSpan | 614.28 Mn | 570.94 Mn | 44.48 Mn | 15.98 Mn |
| 9 | Intellicheck | 56.51 Mn | 44.67 Mn | 5.42 Mn | 517,000.00 |
| 10 | Aware | 27.56 Mn | 24.66 Mn | 2.73 Mn | 520,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.12 Mn |
| Mar 31, 2026 | 8.53 Mn |
| Dec 31, 2025 | 8.37 Mn |
| Sep 30, 2025 | 7.21 Mn |
| Jun 30, 2025 | 6.97 Mn |
| Mar 31, 2025 | 6.52 Mn |
| Dec 31, 2024 | 5.88 Mn |
| Sep 30, 2024 | 5.98 Mn |
| Jun 30, 2024 | 6.43 Mn |
| Mar 31, 2024 | 6.19 Mn |
| Dec 31, 2023 | 5.49 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 |