Mitek Systems (MITK) Gross Margin (2010 - 2026)
Mitek Systems' (MITK) quarterly Gross Margin came in at 84.46% in Q1 2026, down 1551.0% year-on-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.
- On a quarterly basis, Gross Margin fell 1551.0% year-over-year to 84.46% in Q1 2026; TTM through Mar 2026 was 91.66%, a 1503.0% decrease from a year earlier, with the FY2025 full-year figure at 85.21%, down 1461.0% from the prior year.
- Gross Margin eased to 84.46% in Q1 2026 per MITK's latest filing, from 99.93% in the prior quarter.
- Across five years, Gross Margin topped out at 141.18% in Q3 2024 and bottomed at 83.34% in Q3 2023.
- The 5-year median for Gross Margin is 99.53% (2023), against an average of 95.43%.
- Across the five-year window, Gross Margin jumped 5784 bps in 2024 and tumbled 5728 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 99.63% in 2022, then increased by 0 bps to 99.89% in 2023, then decreased by 16 bps to 84.22% in 2024, then climbed by 19 bps to 99.93% in 2025, then retreated by 15 bps to 84.46% in 2026.
- Per Business Quant, the three latest MITK Gross Margin figures stand at 84.46% (Q1 2026), 99.93% (Q4 2025), and 83.9% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Mitek Systems | 716.75 Mn | 639.16 Mn | 46.32 Mn | 84.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 89.27% |