Mitek Systems (MITK) Net Margin (2010 - 2026)
Mitek Systems (MITK) posted Net Margin of 15.48% for Q2 2026, down 10.95% on a QoQ basis from 17.39% in Q1 2026, and up 1024.0% year-over-year from 1.38% in Q2 2025.
Analysis
Mitek Systems (MITK) Net Margin (2010 - 2026) Analysis & Trends
Mitek Systems has reported Net Margin for 17 years, with the latest figure at 15.48% in Q2 2026.
- On a quarterly basis, Net Margin rose 1024.0% year-over-year to 15.48% in Q2 2026; TTM through Jun 2026 was 11.4%, a 270.0% increase from a year earlier, with the FY2025 full-year figure at 4.9%, up 299.0% from the prior year.
- Net Margin was 15.48% for Q2 2026 at Mitek Systems, down from 17.39% in the prior quarter.
- The five-year high for Net Margin was 19.83% in Q3 2024, with the low at 15.69% in Q4 2023.
- Average Net Margin over 5 years is 4.3%, with a median of 2.76% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin tumbled 2603 bps in 2023, then soared 2367 bps in 2024.
- Over 5 years, Net Margin stood at 10.34% in 2022, then tumbled by 252 bps to 15.69% in 2023, then climbed by 21 bps to 12.37% in 2024, then soared by 151 bps to 6.27% in 2025, then surged by 147 bps to 15.48% in 2026.
- The last three Net Margin figures came in at 15.48% (Q2 2026), 17.39% (Q1 2026), and 6.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 28.51 Bn | 26.21 Bn | 641.00 Mn | 14.41% |
| 2 | SailPoint | 10.67 Bn | 10.28 Bn | 181.11 Mn | -26.66% |
| 3 | Clear Secure | 5.97 Bn | 5.05 Bn | 276.82 Mn | 26.03% |
| 4 | First Advantage | 3.67 Bn | 3.43 Bn | 203.99 Mn | 3.77% |
| 5 | Cyberloq Technologies | 3.41 Bn | 3.41 Bn | - | - |
| 6 | Red Violet | 1.07 Bn | 1.02 Bn | 22.90 Mn | 18.56% |
| 7 | Mitek Systems | 837.70 Mn | 737.99 Mn | 45.92 Mn | 15.48% |
| 8 | OneSpan | 614.28 Mn | 570.94 Mn | 44.48 Mn | 11.21% |
| 9 | Intellicheck | 56.51 Mn | 44.67 Mn | 5.42 Mn | 11.16% |
| 10 | Aware | 27.56 Mn | 24.66 Mn | 2.73 Mn | -78.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.48% |
| Mar 31, 2026 | 17.39% |
| Dec 31, 2025 | 6.27% |
| Sep 30, 2025 | 4.23% |
| Jun 30, 2025 | 5.24% |
| Mar 31, 2025 | 17.62% |
| Dec 31, 2024 | -12.37% |
| Sep 30, 2024 | 19.83% |
| Jun 30, 2024 | 0.54% |
| Mar 31, 2024 | 0.61% |
| Dec 31, 2023 | -15.69% |
| Sep 30, 2023 | -3.83% |
| Jun 30, 2023 | -1.03% |
| Mar 31, 2023 | 11.21% |
| Dec 31, 2022 | 10.34% |
| Sep 30, 2022 | 0.88% |
| Jun 30, 2022 | -0.55% |
| Mar 31, 2022 | 1.30% |
| Dec 31, 2021 | 9.62% |
| Sep 30, 2021 | 5.43% |