Mitek Systems (MITK) Operating Expenses (2010 - 2026)
Mitek Systems (MITK) posted quarterly Operating Expenses of $41.3 million for Q1 2026, up 1.79% year-over-year from $40.6 million in Q1 2025, and up 6.41% quarter-over-quarter from $38.8 million in Q4 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 for Q1 2026 stood at $41.3 million, up from $38.8 million in the prior quarter.
- The five-year high for Operating Expenses was $46.3 million in Q1 2024, with the low at $30.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $40.3 million (2024), against an average of $39.7 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 45.38% in 2022, then slipped 13.28% in 2024.
- Mitek Systems' Operating Expenses stood at $37.3 million in 2022, then rose by 17.42% to $43.8 million in 2023, then dropped by 8.0% to $40.3 million in 2024, then decreased by 3.78% to $38.8 million in 2025, then climbed by 6.41% to $41.3 million in 2026.
- Business Quant data shows MITK's Operating Expenses at $41.3 million in Q1 2026, $38.8 million in Q4 2025, and $40.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Mitek Systems | 876.50 Mn | 776.79 Mn | 45.92 Mn | 42.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.49 Mn |
| 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 |