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

DateRevenueChange
2023-09-30$172.55M19.88%
2022-09-30$143.94M20.16%
2021-09-30$119.80M18.25%
2020-09-30$101.31M19.77%
2019-09-30$84.59M33.09%
2018-09-30$63.56M40.03%
2017-09-30$45.39M30.80%
2016-09-30$34.70M36.79%
2015-09-30$25.37M32.46%
2014-09-30$19.15M29.37%
2013-09-30$14.80M62.80%
2012-09-30$9.09M-11.43%
2011-09-30$10.27M100.55%
2010-09-30$5.12M41.46%
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$6.59M25.83%
2004-09-30$5.24M-54.80%
2003-09-30$11.59M-11.38%
2002-09-30$13.08M41.07%
2001-09-30$9.27M-0.79%
2000-09-30$9.35M-3.63%
1999-09-30$9.70M49.23%
1998-09-30$6.50M35.42%
1997-09-30$4.80M-41.46%
1996-09-30$8.20M24.24%
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

DateRevenueChange
2024-06-30$44.98M-4.24%
2024-03-31$46.97M27.23%
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$45.70M17.90%
2022-09-30$38.77M-1.44%
2022-06-30$39.33M13.31%
2022-03-31$34.71M6.90%
2021-12-31$32.47M-2.40%
2021-09-30$33.27M4.70%
2021-06-30$31.78M10.44%
2021-03-31$28.77M10.77%
2020-12-31$25.98M-15.22%
2020-09-30$30.64M20.56%
2020-06-30$25.41M9.58%
2020-03-31$23.19M5.10%
2019-12-31$22.07M-11.80%
2019-09-30$25.02M14.21%
2019-06-30$21.91M9.62%
2019-03-31$19.98M13.01%
2018-12-31$17.68M-15.94%
2018-09-30$21.04M30.59%
2018-06-30$16.11M12.83%
2018-03-31$14.28M17.64%
2017-12-31$12.14M-5.95%
2017-09-30$12.90M9.37%
2017-06-30$11.80M3.32%
2017-03-31$11.42M23.20%
2016-12-31$9.27M-4.15%
2016-09-30$9.67M6.21%
2016-06-30$9.11M6.84%
2016-03-31$8.52M15.09%
2015-12-31$7.40M-5.87%
2015-09-30$7.87M22.14%
2015-06-30$6.44M13.53%
2015-03-31$5.67M5.25%
2014-12-31$5.39M-2.79%
2014-09-30$5.54M18.98%
2014-06-30$4.66M3.92%
2014-03-31$4.48M0.48%
2013-12-31$4.46M1.72%
2013-09-30$4.39M13.01%
2013-06-30$3.88M20.40%
2013-03-31$3.22M-2.58%
2012-12-31$3.31M171.34%
2012-09-30$1.22M-61.42%
2012-06-30$3.16M165.30%
2012-03-31$1.19M-66.14%
2011-12-31$3.52M15.77%
2011-09-30$3.04M2.92%
2011-06-30$2.95M2.98%
2011-03-31$2.87M104.36%
2010-12-31$1.40M-13.38%
2010-09-30$1.62M97.02%
2010-06-30$822.49K-45.78%
2010-03-31$1.52M30.88%
2009-12-31$1.16M44.13%
2009-09-30$804.15K-12.09%
2009-06-30$914.74K2.98%
2009-03-31$888.28K-12.18%
2008-12-31$1.01M-1.21%
2008-09-30$1.02M-39.11%
2008-06-30$1.68M33.40%
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/ServiceSep 23Sep 22Sep 21Sep 20Sep 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/ServiceMar 24Dec 23Sep 23Jun 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 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

CountrySep 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

CountryMar 24Dec 23Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
OTEXOpen Text$5.77B$1.27B
TYLTyler$1.95B$543.34M
PAYCPaycom Software$1.69B$451.93M
ENVEnvestnet$1.25B$348.27M
MANHManhattan Associates$928.73M$266.68M
LSPDLightspeed Commerce$905.28M$229.19M
DSGXDescartes Systems Group$575.23M$149.11M
DOMODomo$318.99M$78.41M
MLNKMeridianLink$303.62M$78.68M
RSKDRiskified$297.61M$76.41M
OPFIOppFi$273.18M$86.28M
ALKTAlkami$264.83M$85.91M
ABSTAbsolute Software$197.31M$58.77M
ENFNEnfusion$174.53M$49.45M
MITKMitek Systems$172.55M$44.98M
PETWag! Group$83.92M$23.22M
MCLDmCloud$25.60M$2.91M
WETGNext Technology$2.63M$1.00M

MITK Revenue FAQ


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.

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).

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%.

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.

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.