Mitek Systems (MITK) Operating Expenses (2010 - 2026)
Mitek Systems (MITK) recorded quarterly Operating Expenses of $41.3 million in Q1 2026, up 6.41% quarter-over-quarter from $38.8 million in Q4 2025, and up 1.79% on a YoY basis from $40.6 million in Q1 2025.
Mitek Systems (MITK) Operating Expenses (2010 - 2026) Analysis & Trends
Mitek Systems' Operating Expenses history runs 17 years deep, the most recent figure standing at $41.3 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 1.79% year-over-year to $41.3 million; the TTM figure through Mar 2026 stood at $162.1 million (up 0.91% YoY), while the FY2025 annual figure was $162.9 million, down 4.09% from the prior year.
- Operating Expenses was $41.3 million for Q1 2026 at Mitek Systems, up from $38.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $46.3 million in Q1 2024 to a low of $30.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $39.7 million across 5 years, with a median of $40.3 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 45.38% in 2022, then dropped 13.28% in 2024.
- A 5-year view of Operating Expenses shows it stood at $37.3 million in 2022, then gained by 17.42% to $43.8 million in 2023, then declined by 8.0% to $40.3 million in 2024, then slipped by 3.78% to $38.8 million in 2025, then grew by 6.41% to $41.3 million in 2026.
- The last three Operating Expenses figures came in at $41.3 million (Q1 2026), $38.8 million (Q4 2025), and $40.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | Mitek Systems | 769.00 Mn | 691.42 Mn | 45.24 Mn | 41.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.29 Mn |
| Dec 31, 2025 | 38.80 Mn |
| Sep 30, 2025 | 40.09 Mn |
| Jun 30, 2025 | 41.92 Mn |
| Mar 31, 2025 | 40.56 Mn |
| Dec 31, 2024 | 40.33 Mn |
| Sep 30, 2024 | 35.51 Mn |
| Jun 30, 2024 | 44.24 Mn |
| Mar 31, 2024 | 46.27 Mn |
| Dec 31, 2023 | 43.83 Mn |
| Sep 30, 2023 | 40.94 Mn |
| Jun 30, 2023 | 41.28 Mn |
| Mar 31, 2023 | 37.44 Mn |
| Dec 31, 2022 | 37.33 Mn |
| Sep 30, 2022 | 35.83 Mn |
| Jun 30, 2022 | 38.30 Mn |
| Mar 31, 2022 | 30.83 Mn |
| Dec 31, 2021 | 27.64 Mn |
| Sep 30, 2021 | 29.35 Mn |
| Jun 30, 2021 | 26.35 Mn |