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MITEK SYSTEMS INC (MITK)

For the quarter ending 2025-06-30, MITK made $45,729K in revenue. $12,688K in net income. Net profit margin of 27.75%.

Overview

Revenue
$45,729K
Net Income
$12,688K
Net Profit Margin
27.75%
EPS
$0.05
Unit: Thousand (K) dollars
Revenue Breakdown
    • US
    • GB
    • All Other Countries Excluding Un...
Revenue Breakdown
    • Deposits Software And Hardware-T...
    • Identity Verification Services A...
    • Deposits Services And Other-Tran...
    • Identity Verification Software A...

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-06-30
Total revenue45,729 51,929 44,976
Cost of revenue- 6,531 6,482
Selling and marketing11,127 10,540 10,354
Restructuring costs- 29 1,070
Research and development8,960 9,766 9,982
General and administrative11,251 10,098 12,604
Cost of revenue-Service Other6,969 - -
Cost of revenue-License53 - -
Amortization and acquisition-related costs3,560 3,600 3,750
Total operating costs and expenses41,920 40,564 44,242
Operating income (loss)3,809 11,365 734
Other income (expense), net1,805 1,110 1,436
Interest expense2,469 2,407 2,329
Income (loss) before income taxes3,145 10,068 -159
Income tax benefit (provision)749 916 -375
Net income (loss)2,396 9,152 216
Unrealized gain (loss) on investments, net of tax benefit/(expense) of 3, , 29 and (37)-8 54 32
Foreign currency translation adjustment10,300 4,944 -307
Other comprehensive income (loss), net of tax10,292 4,998 -275
Comprehensive income (loss)12,688 14,150 -59
Net income (loss) per share basic (in dollars per share)0.05 0.2 -
Net income (loss) per share - diluted (in dollars per share)0.05 0.2 -
Shares used in calculating net income (loss) per share basic (in shares)45,894,000 45,651,000 47,017,000
Shares used in calculating net income (loss) per share diluted (in shares)46,848,000 46,610,000 48,307,000
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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GB$5,669K US$35,354K All Other CountriesExcluding United States...$4,706K Total revenue$45,729K (1.67%↑ Y/Y)Other income(expense), net$1,805K (25.70%↑ Y/Y)Operating income (loss)$3,809K (418.94%↑ Y/Y)Total operating costsand expenses$41,920K (-5.25%↓ Y/Y)Income (loss) beforeincome taxes$3,145K (2077.99%↑ Y/Y)Foreign currencytranslation adjustment$10,300K (3455.05%↑ Y/Y)Interest expense$2,469K (6.01%↑ Y/Y)Amortization andacquisition-related costs$3,560K (-5.07%↓ Y/Y)Cost ofrevenue-License$53K Cost ofrevenue-Service Other$6,969K General andadministrative$11,251K (-10.73%↓ Y/Y)Research and development$8,960K (-10.24%↓ Y/Y)Selling and marketing$11,127K (7.47%↑ Y/Y)Net income (loss)$2,396K (1009.26%↑ Y/Y)Other comprehensiveincome (loss), net of...$10,292K (3842.55%↑ Y/Y)Income tax benefit(provision)$749K (299.73%↑ Y/Y)Unrealized gain (loss) oninvestments, net of tax...-$8K (-125.00%↓ Y/Y)Comprehensive income (loss)$12,688K (21605.08%↑ Y/Y)