Mitek Systems MITK Revenue Breakdown

NASDAQ MITK
$18.53 +0.03 (+0.16%)
At close: Nov 10, 2026 · 4:00 PM EST
Annual revenue breakdowns for Mitek Systems, fiscal 2016 to 2025, as reported in its filings.
Annual history

Mitek Systems Revenue by Geography

Years FY 2021–2025
Lines 3
FY 2025 Total $179.69M

United States was Mitek Systems’s largest region in fiscal 2025, bringing in $136.20M of $179.69M (76%).

Mitek Systems revenue by geography, fiscal 2021 to 2025
Geography FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
United States $113.50M $134.96M $135.34M $136.20M
All Other Countries $31.31M $37.60M $19.13M $22.02M
United Kingdom — — $17.61M $21.48M
Total $144.80M $172.55M $172.08M $179.69M

Mitek Systems revenue by geography: what the figures show

Mitek Systems brought in $179.69M from its three regions in fiscal 2025, the year ended September 30, 2025. That was up 4.4% from $172.08M in fiscal 2024. United States was the largest at $136.20M (75.8%), ahead of All Other Countries at $22.02M (12.3%) and United Kingdom at $21.48M (12.0%).

Compared with fiscal 2024, United Kingdom grew fastest, up 22.0% to $21.48M. Every region above 2% of revenue grew.

Mitek Systems began breaking out United Kingdom in fiscal 2024, when it brought in $17.61M.

Annual history

Mitek Systems Revenue by Timing Of Transfer Of Good Or Service

Years FY 2017–2025
Lines 2
FY 2025 Total $179.69M

Transferred Over Time was Mitek Systems’s largest revenue line in fiscal 2025, bringing in $105.61M of $179.69M (59%).

Mitek Systems revenue by timing of transfer of good or service, fiscal 2017 to 2025
Timing Of Transfer Of Good Or Service FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Transferred At Point In Time $72.93M $88.37M $81.87M $74.09M
Transferred Over Time $71.88M $84.18M $90.21M $105.61M
Total $144.80M $172.55M $172.08M $179.69M

Mitek Systems revenue by timing of transfer of good or service: what the figures show

Mitek Systems brought in $179.69M from its two revenue lines in fiscal 2025, the year ended September 30, 2025. That was up 4.4% from $172.08M in fiscal 2024. Transferred Over Time was the largest at $105.61M (58.8%), ahead of Transferred At Point In Time at $74.09M (41.2%).

Compared with fiscal 2024, Transferred Over Time grew 17.1% to $105.61M, while Transferred At Point In Time fell 9.5% to $74.09M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $144.80M to $179.69M, a compound annual growth rate of 7.5%. Transferred Over Time's share of the total rose from 49.6% to 58.8%.

Annual history

Mitek Systems Revenue by Product & Service

Years FY 2016–2022
Lines 4
FY 2022 Total $144.80M

Deposits Software & Hardware was Mitek Systems’s largest product and service line in fiscal 2022, bringing in $64.55M of $144.80M (45%).

Mitek Systems revenue by product and service, fiscal 2016 to 2022
Product and Service FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
Deposits Software & Hardware $41.86M $49.77M $55.13M $64.55M
Identity Verification Services & Other $22.58M $29.19M $39.34M $49.86M
Deposits Services & Other $15.17M $17.97M $20.39M $22.01M
Identity Verification Software & Hardware $4.99M $4.39M $4.94M $8.38M
Total $84.59M $101.31M $119.80M $144.80M
Totals include 4 discontinued lines from earlier reporting.

Mitek Systems revenue by product and service: what the figures show

Mitek Systems brought in $144.80M from its four product and service lines in fiscal 2022, the year ended September 30, 2022. That was up 20.9% from $119.80M in fiscal 2021. Deposits Software & Hardware was the largest at $64.55M (44.6%), ahead of Identity Verification Services & Other at $49.86M (34.4%) and Deposits Services & Other at $22.01M (15.2%). The remaining line, Identity Verification Software & Hardware, brought in $8.38M.

Compared with fiscal 2021, Identity Verification Software & Hardware grew fastest, up 69.6% to $8.38M. Every line above 2% of revenue grew. From fiscal 2019 to 2022, combined revenue from these lines grew from $84.59M to $144.80M, a compound annual growth rate of 19.6%. Deposits Software & Hardware's share of the total fell from 49.5% to 44.6%.

Questions

Mitek Systems Revenue Breakdown FAQ

How does Mitek Systems make money?

Mitek Systems (MITK) reports its revenue by geography, by timing of transfer of good or service and by product and service. In fiscal 2025, United States was its largest region, bringing in $136.20M (75.8% of the total), followed by All Other Countries at $22.02M (12.3%).

What is Mitek Systems' largest region?

United States was Mitek Systems' largest region in fiscal 2025, bringing in $136.20M, or 75.8% of the $179.69M total across its three regions.

What is Mitek Systems' largest revenue line?

Transferred Over Time was Mitek Systems' largest revenue line in fiscal 2025, bringing in $105.61M, or 58.8% of the $179.69M total across its two revenue lines.

What is Mitek Systems' largest product and service line?

Deposits Software & Hardware was Mitek Systems' largest product and service line in fiscal 2022, bringing in $64.55M, or 44.6% of the $144.80M total across its four product and service lines.

Which Mitek Systems region is growing the fastest?

Among Mitek Systems' regions that make up at least 2% of revenue, United Kingdom grew fastest in fiscal 2025, up 22.0% from $17.61M to $21.48M.

Where does this revenue breakdown data come from?

Every figure comes from Mitek Systems' annual financial filings, as reported. Each line keeps the name Mitek Systems gives it, and years follow its fiscal calendar.

How far back does Mitek Systems' revenue breakdown go?

Mitek Systems' revenue by geography goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.