Mitek Systems (MITK) Research & Development (2010 - 2026)
Mitek Systems (MITK) posted quarterly Research & Development of $7.6 million for Q1 2026, down 22.53% year-over-year from $9.8 million in Q1 2025, and up 2.6% quarter-over-quarter from $7.4 million in Q4 2025.
Mitek Systems (MITK) Research & Development (2010 - 2026) Analysis & Trends
Mitek Systems' Research & Development history runs 17 years deep, the most recent figure standing at $7.6 million for Q1 2026.
- In Q1 2026, Research & Development fell 22.53% year-over-year to $7.6 million; the TTM figure through Mar 2026 stood at $27.8 million (down 31.55% YoY), while the FY2025 annual figure was $35.3 million, down 13.45% from the prior year.
- Research & Development for Q1 2026 stood at $7.6 million, up from $7.4 million in the prior quarter.
- The five-year high for Research & Development was $16.9 million in Q3 2022, with the low at -$446000.0 in Q3 2023.
- The 5-year median for Research & Development is $8.9 million (2023), against an average of $8.6 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development sank 102.63% in 2023, then soared 2835.43% in 2024.
- Mitek Systems' Research & Development stood at $9.5 million in 2022, then fell by 6.74% to $8.9 million in 2023, then fell by 6.21% to $8.3 million in 2024, then dropped by 11.4% to $7.4 million in 2025, then gained by 2.6% to $7.6 million in 2026.
- Business Quant data shows MITK's Research & Development at $7.6 million in Q1 2026, $7.4 million in Q4 2025, and $3.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Mitek Systems | 876.50 Mn | 776.79 Mn | 45.92 Mn | 10.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.03 Mn |
| Mar 31, 2026 | 7.57 Mn |
| Dec 31, 2025 | 7.37 Mn |
| Sep 30, 2025 | 3.92 Mn |
| Jun 30, 2025 | 8.96 Mn |
| Mar 31, 2025 | 9.77 Mn |
| Dec 31, 2024 | 8.32 Mn |
| Sep 30, 2024 | 12.20 Mn |
| Jun 30, 2024 | 10.35 Mn |
| Mar 31, 2024 | 9.71 Mn |
| Dec 31, 2023 | 8.87 Mn |
| Sep 30, 2023 | -446,000.00 |
| Jun 30, 2023 | 7.46 Mn |
| Mar 31, 2023 | 9.62 Mn |
| Dec 31, 2022 | 9.52 Mn |
| Sep 30, 2022 | 16.93 Mn |
| Jun 30, 2022 | 8.41 Mn |
| Mar 31, 2022 | 7.10 Mn |
| Dec 31, 2021 | 6.41 Mn |
| Sep 30, 2021 | 8.45 Mn |