Mitek Systems (MITK) Gross Margin (2010 - 2026)
Mitek Systems (MITK) posted quarterly Gross Margin of 84.46% for Q1 2026, down 1551.0% year-over-year from 5.82% in Q1 2025, and down 15.48% quarter-over-quarter from 99.93% in Q4 2025.
Mitek Systems (MITK) Gross Margin (2010 - 2026) Analysis & Trends
Mitek Systems' Gross Margin history runs 17 years deep, the most recent figure standing at 84.46% for Q1 2026.
- In Q1 2026, Gross Margin fell 1551.0% year-over-year to 84.46%; the TTM figure through Mar 2026 stood at 91.66% (down 1503.0% YoY), while the FY2025 annual figure was 85.21%, down 1461.0% from the prior year.
- Gross Margin for Q1 2026 stood at 84.46%, down from 99.93% in the prior quarter.
- The five-year high for Gross Margin was 141.18% in Q3 2024, with the low at 83.34% in Q3 2023.
- The 5-year median for Gross Margin is 99.53% (2023), against an average of 95.43%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 5784 bps in 2024, then slumped 5728 bps in 2025.
- Mitek Systems' Gross Margin stood at 99.63% in 2022, then grew by 0 bps to 99.89% in 2023, then retreated by 16 bps to 84.22% in 2024, then advanced by 19 bps to 99.93% in 2025, then fell by 15 bps to 84.46% in 2026.
- Business Quant data shows MITK's Gross Margin at 84.46% in Q1 2026, 99.93% in Q4 2025, and 83.9% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Mitek Systems | 876.50 Mn | 776.79 Mn | 45.92 Mn | 84.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 84.98% |
| Mar 31, 2026 | 84.46% |
| Dec 31, 2025 | 99.93% |
| Sep 30, 2025 | 83.90% |
| Jun 30, 2025 | 99.88% |
| Mar 31, 2025 | 99.97% |
| Dec 31, 2024 | 84.22% |
| Sep 30, 2024 | 141.18% |
| Jun 30, 2024 | 99.88% |
| Mar 31, 2024 | 99.94% |
| Dec 31, 2023 | 99.89% |
| Sep 30, 2023 | 83.34% |
| Jun 30, 2023 | 87.73% |
| Mar 31, 2023 | 99.53% |
| Dec 31, 2022 | 99.63% |
| Sep 30, 2022 | 86.83% |
| Jun 30, 2022 | 85.24% |
| Mar 31, 2022 | 86.72% |
| Dec 31, 2021 | 85.97% |
| Sep 30, 2021 | 90.38% |