Mitek Systems (MITK) Net Margin (2010 - 2026)
Mitek Systems (MITK) recorded quarterly Net Margin of 17.39% in Q1 2026, up 174.96% quarter-over-quarter from 6.32% in Q4 2025, and down 27.0% on a YoY basis from 23.82% in Q1 2025.
Mitek Systems (MITK) Net Margin (2010 - 2026) Analysis & Trends
Mitek Systems' Net Margin history runs 17 years deep, the most recent figure standing at 17.39% for Q1 2026.
- In Q1 2026, Net Margin fell 27.0% year-over-year to 17.39%; the TTM figure through Mar 2026 stood at 8.75% (up 121.0% YoY), while the FY2025 annual figure was 4.9%, up 299.0% from the prior year.
- Net Margin was 17.39% for Q1 2026 at Mitek Systems, up from 6.32% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 19.83% in Q3 2024 to a low of 15.81% in Q4 2023.
- Historically, Net Margin has averaged 3.64% across 5 years, with a median of 1.3% in 2022.
- The sharpest annual moves came in 2023 and 2024: Net Margin sank 2615 bps in 2023, then surged 2367 bps in 2024.
- A 5-year view of Net Margin shows it stood at 10.34% in 2022, then tumbled by 253 bps to 15.81% in 2023, then rose by 22 bps to 12.37% in 2024, then jumped by 151 bps to 6.32% in 2025, then soared by 175 bps to 17.39% in 2026.
- The last three Net Margin figures came in at 17.39% (Q1 2026), 6.32% (Q4 2025), and 4.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Mitek Systems | 769.00 Mn | 691.42 Mn | 45.24 Mn | 17.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.39% |
| Dec 31, 2025 | 6.32% |
| Sep 30, 2025 | 4.15% |
| Jun 30, 2025 | 5.24% |
| Mar 31, 2025 | 17.65% |
| Dec 31, 2024 | -12.37% |
| Sep 30, 2024 | 19.83% |
| Jun 30, 2024 | 0.54% |
| Mar 31, 2024 | 0.60% |
| Dec 31, 2023 | -15.81% |
| Sep 30, 2023 | -3.83% |
| Jun 30, 2023 | -0.99% |
| 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% |
| Jun 30, 2021 | 9.39% |