Mitek Systems (MITK) Revenue & Revenue Breakdown

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Mitek Systems Revenue Highlights

Latest Revenue (Y)

$172.55M

Latest Revenue (Q)

$44.98M

Main Segment (Y)

Deposits Revenue

Main Geography (Y)

UNITED STATES

Mitek Systems Revenue by Period

Mitek Systems Revenue by Year

Date	Revenue	Change
2023-09-30	-	19.88%
2022-09-30	-	20.16%
2021-09-30	-	18.25%
2020-09-30	-	19.77%
2019-09-30	-	33.09%
2018-09-30	-	40.03%
2017-09-30	-	30.80%
2016-09-30	-	36.79%
2015-09-30	-	32.46%
2014-09-30	-	29.37%
2013-09-30	-	62.80%
2012-09-30	-	-11.43%
2011-09-30	-	100.55%
2010-09-30	-	41.46%
2009-09-30	-	-30.80%
2008-09-30	-	-6.11%
2007-09-30	-	-7.49%
2006-09-30	-	-8.69%
2005-09-30	-	25.83%
2004-09-30	-	-54.80%
2003-09-30	-	-11.38%
2002-09-30	-	41.07%
2001-09-30	-	-0.79%
2000-09-30	-	-3.63%
1999-09-30	-	49.23%
1998-09-30	-	35.42%
1997-09-30	-	-41.46%
1996-09-30	-	24.24%
1995-09-30	-	-35.29%
1994-09-30	-	-22.14%
1993-09-30	-	-29.19%
1992-09-30	-	-

Mitek Systems generated $172.55M in revenue during NA 2023, up 19.88% compared to the previous quarter, and up 271.48% compared to the same period a year ago.

Mitek Systems Revenue by Quarter

Date	Revenue	Change
2024-06-30	-	-4.24%
2024-03-31	-	27.23%
2023-12-31	-	-1.96%
2023-09-30	-	-12.57%
2023-06-30	-	-4.95%
2023-03-31	-	-0.85%
2022-12-31	-	17.90%
2022-09-30	-	-1.44%
2022-06-30	-	13.31%
2022-03-31	-	6.90%
2021-12-31	-	-2.40%
2021-09-30	-	4.70%
2021-06-30	-	10.44%
2021-03-31	-	10.77%
2020-12-31	-	-15.22%
2020-09-30	-	20.56%
2020-06-30	-	9.58%
2020-03-31	-	5.10%
2019-12-31	-	-11.80%
2019-09-30	-	14.21%
2019-06-30	-	9.62%
2019-03-31	-	13.01%
2018-12-31	-	-15.94%
2018-09-30	-	30.59%
2018-06-30	-	12.83%
2018-03-31	-	17.64%
2017-12-31	-	-5.95%
2017-09-30	-	9.37%
2017-06-30	-	3.32%
2017-03-31	-	23.20%
2016-12-31	-	-4.15%
2016-09-30	-	6.21%
2016-06-30	-	6.84%
2016-03-31	-	15.09%
2015-12-31	-	-5.87%
2015-09-30	-	22.14%
2015-06-30	-	13.53%
2015-03-31	-	5.25%
2014-12-31	-	-2.79%
2014-09-30	-	18.98%
2014-06-30	-	3.92%
2014-03-31	-	0.48%
2013-12-31	-	1.72%
2013-09-30	-	13.01%
2013-06-30	-	20.40%
2013-03-31	-	-2.58%
2012-12-31	-	171.34%
2012-09-30	-	-61.42%
2012-06-30	-	165.30%
2012-03-31	-	-66.14%
2011-12-31	-	15.77%
2011-09-30	-	2.92%
2011-06-30	-	2.98%
2011-03-31	-	104.36%
2010-12-31	-	-13.38%
2010-09-30	-	97.02%
2010-06-30	-	-45.78%
2010-03-31	-	30.88%
2009-12-31	-	44.13%
2009-09-30	-	-12.09%
2009-06-30	-	2.98%
2009-03-31	-	-12.18%
2008-12-31	-	-1.21%
2008-09-30	-	-39.11%
2008-06-30	-	33.40%
2008-03-31	-	-0.24%
2007-12-31	-	-7.84%
2007-09-30	-	-

Mitek Systems generated $44.98M in revenue during Q3 2024, up -4.24% compared to the previous quarter, and up 99.25% compared to the same period a year ago.

Mitek Systems Revenue Breakdown

Mitek Systems Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 23	Sep 22	Sep 21	Sep 20	Sep 19
Identity Verification Revenue	-	-	-	-	-
Deposits Revenue	-	-	-	-	-
Service, Other	-	-	-	-	-
License	-	-	-	-	-

Mitek Systems's latest annual revenue breakdown by segment (product or service), as of Sep 23: Deposits Revenue (60.35%), and Identity Verification Revenue (39.65%).

Quarterly Revenue by Product

Product/Service	Mar 24	Dec 23	Sep 23	Jun 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18
Deposits Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Identity Verification Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Mitek Systems's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Deposits Revenue (62.82%), and Identity Verification Revenue (37.18%).

Mitek Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 23
UNITED STATES	-
Non-US	-

Mitek Systems's latest annual revenue breakdown by geography, as of Sep 23: UNITED STATES (78.21%), and Non-US (21.79%).

Quarterly Revenue by Country

Country	Mar 24	Dec 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18
UNITED STATES	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Identity Verification Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Mitek Systems's latest quarterly revenue breakdown by geography, as of Mar 24: UNITED STATES (100.00%).

Mitek Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
OTEX	Open Text	-	-
TYL	Tyler	-	-
PAYC	Paycom Software	-	-
ENV	Envestnet	-	-
MANH	Manhattan Associates	-	-
LSPD	Lightspeed Commerce	-	-
DSGX	Descartes Systems Group	-	-
DOMO	Domo	-	-
MLNK	MeridianLink	-	-
RSKD	Riskified	-	-
OPFI	OppFi	-	-
ALKT	Alkami	-	-
ABST	Absolute Software	-	-
ENFN	Enfusion	-	-
MITK	Mitek Systems	-	-
PET	Wag! Group	-	-
MCLD	mCloud	-	-
WETG	Next Technology	-	-

MITK Revenue FAQ

What is Mitek Systems’s yearly revenue?

Mitek Systems's yearly revenue for 2023 was $172.55M, representing an increase of 19.88% compared to 2022. The company's yearly revenue for 2022 was $143.94M, representing an increase of 20.16% compared to 2021. MITK's yearly revenue for 2021 was $119.8M, representing an increase of 18.25% compared to 2020.

What is Mitek Systems’s quarterly revenue?

Mitek Systems's quarterly revenue for Q3 2024 was $44.98M, a -4.24% decrease from the previous quarter (Q2 2024), and a 4.43% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $46.97M, a 27.23% increase from the previous quarter (Q1 2024), and a 3.65% increase year-over-year (Q2 2023). MITK's quarterly revenue for Q1 2024 was $36.92M, a -1.96% decrease from the previous quarter (Q4 2023), and a -19.22% decrease year-over-year (Q1 2023).

What is Mitek Systems’s revenue growth rate?

Mitek Systems's revenue growth rate for the last 3 years (2021-2023) was 44.04%, and for the last 5 years (2019-2023) was 103.99%.

What are Mitek Systems’s revenue streams?

Mitek Systems's revenue streams in p 23 are Identity Verification Revenue, and Deposits Revenue. Identity Verification Revenue generated $68.42M in revenue, accounting 39.65% of the company's total revenue, up 17.69% year-over-year. Deposits Revenue generated $104.13M in revenue, accounting 60.35% of the company's total revenue, up 21.36% year-over-year.

What is Mitek Systems’s main source of revenue?

For the fiscal year ending Sep 23, the largest source of revenue of Mitek Systems was Deposits Revenue. This segment made a revenue of $104.13M, representing 60.35% of the company's total revenue.