Mitek Systems (MITK) Gross Margin (2010 - 2026)
Mitek Systems (MITK) posted Gross Margin of 84.98% for Q2 2026, up 0.62% on a QoQ basis from 84.46% in Q1 2026, and up 22.0% year-over-year from 69.65% in Q2 2025.
Analysis
Mitek Systems (MITK) Gross Margin (2010 - 2026) Analysis & Trends
Mitek Systems has reported Gross Margin for 17 years, with the latest figure at 84.98% in Q2 2026.
- On a quarterly basis, Gross Margin rose 22.0% year-over-year to 84.98% in Q2 2026; TTM through Jun 2026 was 83.72%, a 206.0% decrease from a year earlier, with the FY2025 full-year figure at 85.21%, down 79.0% from the prior year.
- Gross Margin was 84.98% for Q2 2026 at Mitek Systems, up from 84.46% in the prior quarter.
- The five-year high for Gross Margin was 88.91% in Q4 2022, with the low at 81.07% in Q4 2025.
- Average Gross Margin over 5 years is 85.54%, with a median of 85.48% recorded in 2022.
- The largest YoY upside for Gross Margin was 294 bps in 2022 against a maximum downside of 403 bps in 2022.
- Over 5 years, Gross Margin stood at 88.91% in 2022, then fell by 4 bps to 85.12% in 2023, then slipped by 1 bps to 84.22% in 2024, then retreated by 4 bps to 81.07% in 2025, then grew by 5 bps to 84.98% in 2026.
- The last three Gross Margin figures came in at 84.98% (Q2 2026), 84.46% (Q1 2026), and 81.07% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 28.51 Bn | 26.21 Bn | 641.00 Mn | 79.63% |
| 2 | SailPoint | 10.67 Bn | 10.28 Bn | 181.11 Mn | 64.65% |
| 3 | Clear Secure | 5.97 Bn | 5.05 Bn | 276.82 Mn | 99.66% |
| 4 | First Advantage | 3.67 Bn | 3.43 Bn | 203.99 Mn | 45.46% |
| 5 | Cyberloq Technologies | 3.41 Bn | 3.41 Bn | - | - |
| 6 | Red Violet | 1.07 Bn | 1.02 Bn | 22.90 Mn | 85.71% |
| 7 | Mitek Systems | 837.70 Mn | 737.99 Mn | 45.92 Mn | 84.98% |
| 8 | OneSpan | 614.28 Mn | 570.94 Mn | 44.48 Mn | 73.57% |
| 9 | Intellicheck | 56.51 Mn | 44.67 Mn | 5.42 Mn | 91.30% |
| 10 | Aware | 27.56 Mn | 24.66 Mn | 2.73 Mn | 84.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 84.98% |
| Mar 31, 2026 | 84.46% |
| Dec 31, 2025 | 81.07% |
| Sep 30, 2025 | 83.90% |
| Jun 30, 2025 | 84.76% |
| Mar 31, 2025 | 87.45% |
| Dec 31, 2024 | 84.22% |
| Sep 30, 2024 | 86.17% |
| Jun 30, 2024 | 85.71% |
| Mar 31, 2024 | 86.83% |
| Dec 31, 2023 | 85.12% |
| Sep 30, 2023 | 83.34% |
| Jun 30, 2023 | 86.74% |
| Mar 31, 2023 | 87.21% |
| Dec 31, 2022 | 88.91% |
| 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% |