Mitek Systems (MITK) Operating Expenses (2010 - 2026)
Mitek Systems (MITK) posted Operating Expenses of $42.5 million for Q2 2026, up 2.91% on a QoQ basis from $41.3 million in Q1 2026, and up 1.37% year-over-year from $41.9 million in Q2 2025.
Analysis
Mitek Systems (MITK) Operating Expenses (2010 - 2026) Analysis & Trends
Mitek Systems has reported Operating Expenses for 17 years, with the latest figure at $42.5 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.37% year-over-year to $42.5 million in Q2 2026; TTM through Jun 2026 was $162.7 million, a 2.75% increase from a year earlier, with the FY2025 full-year figure at $162.9 million, down 4.09% from the prior year.
- Operating Expenses was $42.5 million for Q2 2026 at Mitek Systems, up from $41.3 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.
- Average Operating Expenses over 5 years is $39.8 million, with a median of $40.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 45.38% in 2022, then declined 13.28% in 2024.
- Over 5 years, Operating Expenses stood at $37.3 million in 2022, then advanced by 17.42% to $43.8 million in 2023, then fell by 8.0% to $40.3 million in 2024, then dropped by 3.78% to $38.8 million in 2025, then advanced by 9.51% to $42.5 million in 2026.
- The last three Operating Expenses figures came in at $42.5 million (Q2 2026), $41.3 million (Q1 2026), and $38.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 28.51 Bn | 26.21 Bn | 641.00 Mn | 534.00 Mn |
| 2 | SailPoint | 10.67 Bn | 10.28 Bn | 181.11 Mn | 260.94 Mn |
| 3 | Clear Secure | 5.97 Bn | 5.05 Bn | 276.82 Mn | 90.25 Mn |
| 4 | First Advantage | 3.67 Bn | 3.43 Bn | 203.99 Mn | 391.74 Mn |
| 5 | Cyberloq Technologies | 3.41 Bn | 3.41 Bn | - | 115,283.00 |
| 6 | Red Violet | 1.07 Bn | 1.02 Bn | 22.90 Mn | 20.62 Mn |
| 7 | Mitek Systems | 837.70 Mn | 737.99 Mn | 45.92 Mn | 42.49 Mn |
| 8 | OneSpan | 614.28 Mn | 570.94 Mn | 44.48 Mn | 35.74 Mn |
| 9 | Intellicheck | 56.51 Mn | 44.67 Mn | 5.42 Mn | 4.85 Mn |
| 10 | Aware | 27.56 Mn | 24.66 Mn | 2.73 Mn | 5.99 Mn |
Historic Data
Download Data
Historic 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 |