Mitek Systems (MITK) Research & Development (2010 - 2026)
Mitek Systems' Research & Development was $8.06 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 10.1% from $8.96 million a year earlier but up 6.5% from the prior quarter.
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Analysis
Mitek Systems (MITK) Research & Development (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mitek Systems' Research & Development was $31.23 million through Jun 30, 2026, down 5.7% year-over-year; for FY2025 (ended Sep 30, 2025), it was $35.28 million, up 1.9% from FY2024.
- Research & Development shows a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- In earlier fiscal years, Research & Development was $34.64 million in FY2024 (+19.5%), $28.99 million in FY2023 (-4.0%), $30.19 million in FY2022 (+7.7%) and $28.04 million in FY2021 (+22.7%).
- Quarterly Research & Development has moved between $6.07 million (fiscal Q4 2024) and $9.98 million (fiscal Q3 2024) over five years.
- Compared with a year earlier, Research & Development has declined for three straight quarters, with an average decline of 3.8% over the last eight quarters.
- The best year-over-year quarter for Research & Development over five years was fiscal Q4 2025 (growth of 35.6%); the worst was fiscal Q2 2026 (a decline of 22.5%).
- Per Business Quant data, MITK's Research & Development in the three fiscal quarters before Q3 2026 was $7.57 million (Q2 2026), $7.37 million (Q1 2026) and $8.24 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Mitek Systems | 776.80 Mn | 216.42 Mn | 45.86 Mn | 8.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.06 Mn |
| Mar 31, 2026 | 7.57 Mn |
| Dec 31, 2025 | 7.37 Mn |
| Sep 30, 2025 | 8.24 Mn |
| Jun 30, 2025 | 8.96 Mn |
| Mar 31, 2025 | 9.77 Mn |
| Dec 31, 2024 | 8.32 Mn |
| Sep 30, 2024 | 6.07 Mn |
| Jun 30, 2024 | 9.98 Mn |
| Mar 31, 2024 | 9.71 Mn |
| Dec 31, 2023 | 8.87 Mn |
| Sep 30, 2023 | 6.48 Mn |
| Jun 30, 2023 | 7.46 Mn |
| Mar 31, 2023 | 7.37 Mn |
| Dec 31, 2022 | 7.67 Mn |
| Sep 30, 2022 | 8.28 Mn |
| Jun 30, 2022 | 8.41 Mn |
| Mar 31, 2022 | 7.10 Mn |
| Dec 31, 2021 | 6.41 Mn |
| Sep 30, 2021 | 8.24 Mn |
API Access
Mitek Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MITK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MITK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MITK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();