Mitek Systems (MITK) Revenue & Revenue Breakdown

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Mitek Systems Revenue Highlights

Latest Revenue (Y)

$172.08M

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
2024-09-30	$172.08M	-0.27%
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 $172.08M in revenue during NA 2024, up -0.27% compared to the previous quarter, and up 203.43% 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 24	Sep 23	Sep 22	Sep 21	Sep 20
Deposits Revenue	$103.56M	$104.13M	$85.81M	$75.52M	$67.73M
Identity Verification Revenue	$68.53M	$68.42M	$58.13M	$44.28M	$33.58M
License	-	-	$72.49M	-	-
Service, Other	-	-	$71.45M	-	-

Mitek Systems's latest annual revenue breakdown by segment (product or service), as of Sep 24: Deposits Revenue (60.18%), and Identity Verification Revenue (39.82%).

Quarterly Revenue by Product

Product/Service	Sep 24	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
Identity Verification Revenue	$35.22M	$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
Deposits Revenue	$52.98M	$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
Service, Other	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License	-	-	-	-	-	$19.38M	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Mitek Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Deposits Revenue (60.07%), and Identity Verification Revenue (39.93%).

Mitek Systems Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 24	Sep 23
Non-US	$19.13M	$37.59M
UNITED STATES	$135.34M	$134.96M

Mitek Systems's latest annual revenue breakdown by geography, as of Sep 24: UNITED STATES (87.61%), and Non-US (12.39%).

Quarterly Revenue by Country

Country	Sep 24	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	$69.05M	$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 Sep 24: UNITED STATES (100.00%).

Mitek Systems Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
OTEX	Open Text	$5.77B	$1.27B
TYL	Tyler	$1.95B	$543.34M
PAYC	Paycom Software	$1.69B	$451.93M
MANH	Manhattan Associates	$928.73M	$266.68M
LSPD	Lightspeed Commerce	$905.28M	$229.19M
DSGX	Descartes Systems Group	$575.23M	$149.11M
DOMO	Domo	$318.99M	$79.76M
MLNK	MeridianLink	$303.62M	$80.37M
RSKD	Riskified	$297.61M	$76.41M
OPFI	OppFi	$273.18M	$136.59M
ALKT	Alkami	$264.83M	$85.91M
ENFN	Enfusion	$174.53M	$51.17M
MITK	Mitek Systems	$172.08M	$44.98M
PET	Wag! Group	$83.92M	$13.20M

MITK Revenue FAQ

What is Mitek Systems’s yearly revenue?

Mitek Systems's yearly revenue for 2024 was $172.08M, representing a decrease of -0.27% compared to 2023. The company's yearly revenue for 2023 was $172.55M, representing an increase of 19.88% compared to 2022. MITK's yearly revenue for 2022 was $143.94M, representing an increase of 20.16% compared to 2021.

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 (2022-2024) was 19.55%, and for the last 5 years (2020-2024) was 69.86%.

What are Mitek Systems’s revenue streams?

Mitek Systems's revenue streams in p 24 are Deposits Revenue, and Identity Verification Revenue. Deposits Revenue generated $103.56M in revenue, accounting 60.18% of the company's total revenue, down -0.55% year-over-year. Identity Verification Revenue generated $68.52M in revenue, accounting 39.82% of the company's total revenue, up 0.16% year-over-year.

What is Mitek Systems’s main source of revenue?

For the fiscal year ending Sep 24, the largest source of revenue of Mitek Systems was Deposits Revenue. This segment made a revenue of $103.56M, representing 60.18% of the company's total revenue.