Mitek Systems (MITK) Revenue & Revenue Breakdown
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 | $172.55M | 19.88% |
| 2022-09-30 | $143.94M | 20.16% |
| 2021-09-30 | $119.80M | 18.25% |
| 2020-09-30 | $101.31M | 19.77% |
| 2019-09-30 | $84.59M | 33.09% |
| 2018-09-30 | $63.56M | 40.03% |
| 2017-09-30 | $45.39M | 30.80% |
| 2016-09-30 | $34.70M | 36.79% |
| 2015-09-30 | $25.37M | 32.46% |
| 2014-09-30 | $19.15M | 29.37% |
| 2013-09-30 | $14.80M | 62.80% |
| 2012-09-30 | $9.09M | -11.43% |
| 2011-09-30 | $10.27M | 100.55% |
| 2010-09-30 | $5.12M | 41.46% |
| 2009-09-30 | $3.62M | -30.80% |
| 2008-09-30 | $5.23M | -6.11% |
| 2007-09-30 | $5.57M | -7.49% |
| 2006-09-30 | $6.02M | -8.69% |
| 2005-09-30 | $6.59M | 25.83% |
| 2004-09-30 | $5.24M | -54.80% |
| 2003-09-30 | $11.59M | -11.38% |
| 2002-09-30 | $13.08M | 41.07% |
| 2001-09-30 | $9.27M | -0.79% |
| 2000-09-30 | $9.35M | -3.63% |
| 1999-09-30 | $9.70M | 49.23% |
| 1998-09-30 | $6.50M | 35.42% |
| 1997-09-30 | $4.80M | -41.46% |
| 1996-09-30 | $8.20M | 24.24% |
| 1995-09-30 | $6.60M | -35.29% |
| 1994-09-30 | $10.20M | -22.14% |
| 1993-09-30 | $13.10M | -29.19% |
| 1992-09-30 | $18.50M | - |
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 | $44.98M | -4.24% |
| 2024-03-31 | $46.97M | 27.23% |
| 2023-12-31 | $36.92M | -1.96% |
| 2023-09-30 | $37.66M | -12.57% |
| 2023-06-30 | $43.07M | -4.95% |
| 2023-03-31 | $45.31M | -0.85% |
| 2022-12-31 | $45.70M | 17.90% |
| 2022-09-30 | $38.77M | -1.44% |
| 2022-06-30 | $39.33M | 13.31% |
| 2022-03-31 | $34.71M | 6.90% |
| 2021-12-31 | $32.47M | -2.40% |
| 2021-09-30 | $33.27M | 4.70% |
| 2021-06-30 | $31.78M | 10.44% |
| 2021-03-31 | $28.77M | 10.77% |
| 2020-12-31 | $25.98M | -15.22% |
| 2020-09-30 | $30.64M | 20.56% |
| 2020-06-30 | $25.41M | 9.58% |
| 2020-03-31 | $23.19M | 5.10% |
| 2019-12-31 | $22.07M | -11.80% |
| 2019-09-30 | $25.02M | 14.21% |
| 2019-06-30 | $21.91M | 9.62% |
| 2019-03-31 | $19.98M | 13.01% |
| 2018-12-31 | $17.68M | -15.94% |
| 2018-09-30 | $21.04M | 30.59% |
| 2018-06-30 | $16.11M | 12.83% |
| 2018-03-31 | $14.28M | 17.64% |
| 2017-12-31 | $12.14M | -5.95% |
| 2017-09-30 | $12.90M | 9.37% |
| 2017-06-30 | $11.80M | 3.32% |
| 2017-03-31 | $11.42M | 23.20% |
| 2016-12-31 | $9.27M | -4.15% |
| 2016-09-30 | $9.67M | 6.21% |
| 2016-06-30 | $9.11M | 6.84% |
| 2016-03-31 | $8.52M | 15.09% |
| 2015-12-31 | $7.40M | -5.87% |
| 2015-09-30 | $7.87M | 22.14% |
| 2015-06-30 | $6.44M | 13.53% |
| 2015-03-31 | $5.67M | 5.25% |
| 2014-12-31 | $5.39M | -2.79% |
| 2014-09-30 | $5.54M | 18.98% |
| 2014-06-30 | $4.66M | 3.92% |
| 2014-03-31 | $4.48M | 0.48% |
| 2013-12-31 | $4.46M | 1.72% |
| 2013-09-30 | $4.39M | 13.01% |
| 2013-06-30 | $3.88M | 20.40% |
| 2013-03-31 | $3.22M | -2.58% |
| 2012-12-31 | $3.31M | 171.34% |
| 2012-09-30 | $1.22M | -61.42% |
| 2012-06-30 | $3.16M | 165.30% |
| 2012-03-31 | $1.19M | -66.14% |
| 2011-12-31 | $3.52M | 15.77% |
| 2011-09-30 | $3.04M | 2.92% |
| 2011-06-30 | $2.95M | 2.98% |
| 2011-03-31 | $2.87M | 104.36% |
| 2010-12-31 | $1.40M | -13.38% |
| 2010-09-30 | $1.62M | 97.02% |
| 2010-06-30 | $822.49K | -45.78% |
| 2010-03-31 | $1.52M | 30.88% |
| 2009-12-31 | $1.16M | 44.13% |
| 2009-09-30 | $804.15K | -12.09% |
| 2009-06-30 | $914.74K | 2.98% |
| 2009-03-31 | $888.28K | -12.18% |
| 2008-12-31 | $1.01M | -1.21% |
| 2008-09-30 | $1.02M | -39.11% |
| 2008-06-30 | $1.68M | 33.40% |
| 2008-03-31 | $1.26M | -0.24% |
| 2007-12-31 | $1.26M | -7.84% |
| 2007-09-30 | $1.37M | - |
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 | $68.42M | $58.13M | $44.28M | $33.58M | $27.56M |
| Deposits Revenue | $104.13M | $85.81M | $75.52M | $67.73M | $57.03M |
| Service, Other | - | $71.45M | - | - | - |
| License | - | $72.49M | - | - | - |
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 | $29.50M | $21.08M | $20.29M | $24.80M | $23.53M | $21.92M | $21.30M | $19.05M | $21.93M | $20.78M | $17.20M | $15.62M | $21.51M | $16.95M | $14.62M | $14.65M | $17.20M | $15.05M | $12.91M | $11.87M |
| Identity Verification Revenue | $17.46M | $15.84M | $17.37M | $18.27M | $13.89M | $17.41M | $13.41M | $13.42M | $11.35M | $11.00M | $11.58M | $10.36M | $9.13M | $8.46M | $8.57M | $7.42M | $7.82M | $6.86M | $7.08M | $5.81M |
| Service, Other | - | - | - | - | $19.38M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| License | - | - | - | - | $19.38M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | $134.96M |
| Non-US | $37.59M |
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 | $37.86M | $28.43M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deposits Revenue | - | - | $23.53M | $21.92M | $21.30M | $19.05M | $21.93M | $20.78M | $17.20M | $15.62M | $21.51M | $16.95M | $14.62M | $14.65M | $17.20M | $15.05M | $12.91M | $11.87M |
| Service, Other | - | - | $19.38M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| License | - | - | $19.38M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Identity Verification Revenue | - | - | $13.89M | $17.41M | $13.41M | $13.42M | $11.35M | $11.00M | $11.58M | $10.36M | $9.13M | $8.46M | $8.57M | $7.42M | $7.82M | $6.86M | $7.08M | $5.81M |
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 | $5.77B | $1.45B |
| TYL | Tyler | $1.95B | $540.98M |
| PAYC | Paycom Software | $1.69B | $437.51M |
| ENV | Envestnet | $1.25B | $348.27M |
| MANH | Manhattan Associates | $928.73M | $265.32M |
| LSPD | Lightspeed Commerce | $905.28M | $229.19M |
| PWSC | PowerSchool | $697.65M | $191.59M |
| DSGX | Descartes Systems Group | $575.23M | $149.11M |
| DOMO | Domo | $318.99M | $78.41M |
| MLNK | MeridianLink | $303.62M | $78.68M |
| RSKD | Riskified | $297.61M | $76.41M |
| OPFI | OppFi | $273.18M | $86.28M |
| ALKT | Alkami | $264.83M | $82.16M |
| ABST | Absolute Software | $197.31M | $58.77M |
| ENFN | Enfusion | $174.53M | $49.45M |
| MITK | Mitek Systems | $172.55M | $44.98M |
| PET | Wag! Group | $83.92M | $23.22M |
| MCLD | mCloud | $25.60M | $2.91M |
| WETG | Next Technology | $2.63M | $1.00M |
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.