Mitek Systems (MITK) Operating Expenses (2010 - 2026)
Mitek Systems' (MITK) quarterly Operating Expenses came in at $41.3 million in Q1 2026, up 1.79% year-on-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.
- On a quarterly basis, Operating Expenses rose 1.79% year-over-year to $41.3 million in Q1 2026; TTM through Mar 2026 was $162.1 million, a 0.91% increase from a year earlier, with the FY2025 full-year figure at $162.9 million, down 4.09% from the prior year.
- Operating Expenses climbed to $41.3 million in Q1 2026 per MITK's latest filing, from $38.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $46.3 million in Q1 2024 and bottomed 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.
- Across the five-year window, Operating Expenses surged 45.38% in 2022 and fell 13.28% in 2024, its largest moves.
- Year by year, Operating Expenses 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.
- Per Business Quant, the three latest MITK Operating Expenses figures stand at $41.3 million (Q1 2026), $38.8 million (Q4 2025), and $40.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Mitek Systems | 716.75 Mn | 639.16 Mn | 46.32 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 |