Mitek Systems (MITK) Gross Margin (2010 - 2026)
Mitek Systems (MITK) recorded quarterly Gross Margin of 82.49% in Q1 2026, up 1.11% quarter-over-quarter from 81.58% in Q4 2025, and up 279.0% on a YoY basis from 21.77% in Q1 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 82.49% for Q1 2026.
- In Q1 2026, Gross Margin rose 279.0% year-over-year to 82.49%; the TTM figure through Mar 2026 stood at 79.41% (up 204.0% YoY), while the FY2025 annual figure was 76.9%, up 59.0% from the prior year.
- Gross Margin was 82.49% for Q1 2026 at Mitek Systems, up from 81.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.83% in Q3 2022 to a low of 73.3% in Q4 2023.
- Historically, Gross Margin has averaged 79.53% across 5 years, with a median of 79.14% in 2023.
- The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 915 bps in 2023, then jumped 761 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 79.18% in 2022, then retreated by 7 bps to 73.3% in 2023, then increased by 1 bps to 73.98% in 2024, then gained by 10 bps to 81.58% in 2025, then increased by 1 bps to 82.49% in 2026.
- The last three Gross Margin figures came in at 82.49% (Q1 2026), 81.58% (Q4 2025), and 77.32% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Mitek Systems | 769.00 Mn | 691.42 Mn | 45.24 Mn | 82.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.49% |
| Dec 31, 2025 | 81.58% |
| Sep 30, 2025 | 77.32% |
| Jun 30, 2025 | 75.67% |
| Mar 31, 2025 | 79.70% |
| Dec 31, 2024 | 73.98% |
| Sep 30, 2024 | 77.93% |
| Jun 30, 2024 | 76.98% |
| Mar 31, 2024 | 76.54% |
| Dec 31, 2023 | 73.30% |
| Sep 30, 2023 | 83.34% |
| Jun 30, 2023 | 76.09% |
| Mar 31, 2023 | 79.14% |
| Dec 31, 2022 | 79.18% |
| 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% |