Jun 2026 (Q3 FY26) — Aug 6, 2026
Mitek Systems Q3 FY26 — Strong Growth in Fraud & Identity and SaaS, Expanding Margins
Read the full callMitek Systems earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 54.0 | +18.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 21.4 | +13.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 8.4 | +249.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $8.99 on 17 Oct 2025 → $16.71. High $20.14 (1 Jul 2026), low $8.65 (17 Nov 2025).
Overview
Call summaries
Mitek Systems Q3 FY26 — Strong Growth in Fraud & Identity and SaaS, Expanding Margins
Read the full callEvery analysed call
Financials
Net profit, year on year: +249% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 43 | 37 | 52 | 46 | 45 | 44 | 55 | 54 |
| Expenses | 36 | 40 | 41 | 42 | 40 | 39 | 41 | 42 |
| Operating profit | 8 | -3 | 11 | 4 | 5 | 5 | 14 | 12 |
| Operating margin | 17.9% | −8.3% | 21.9% | 8.3% | 10.5% | 12.3% | 24.7% | 21.4% |
| Other income | 2 | 1 | 1 | 2 | 1 | 2 | 1 | 0 |
| Interest | 2 | 2 | 2 | 2 | 3 | 3 | 1 | 1 |
| Profit before tax | 7 | -5 | 10 | 3 | 3 | 4 | 13 | 11 |
| Tax rate | −19.0% | 6.0% | 9.1% | 23.8% | 43.7% | 37.0% | 25.1% | 25.1% |
| Net profit | 9 | -5 | 9 | 2 | 2 | 3 | 10 | 8 |
| EPS ($ per share) | — | -0.10 | 0.20 | 0.05 | — | 0.06 | 0.21 | 0.19 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -21 | -21 | -14 | -6 | -17 | -9 | -30 | -26 |
| Total liabilities | 32 | 29 | 37 | 227 | 194 | 200 | 199 | 219 |
| Fixed assets | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 2 |
| Investments | 8 | 17 | 40 | 149 | 58 | 75 | 37 | 39 |
| Total assets | 127 | 136 | 169 | 420 | 364 | 405 | 414 | 459 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 14 | 24 | 37 | 21 | 32 | 32 | 55 |
| Cash from investing | -8 | -11 | -25 | -170 | 2 | -7 | 29 | 6 |
| Cash from financing | -0 | 4 | 3 | 144 | -21 | 2 | -26 | -2 |
| Net cash flow | -3 | 8 | 3 | 10 | 2 | 27 | 35 | 61 |
| Capital expenditure | -4 | -1 | -1 | -1 | -1 | -1 | -1 | -1 |
| Free cash flow | 1 | 13 | 23 | 36 | 20 | 31 | 30 | 54 |
31 filings between Nov 19, 2025 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$3.50M
3 sales by 2 insiders
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Gafke Garrett | — | $2.42M | May 15, 2026 |
| Gray Jason | — | $1.08M | Mar 3, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | WEST EDWARD H Chief Executive Officer | Option exercise | 275,032 | $0 |
| Oct 1, 2026 | WEST EDWARD H Chief Executive Officer | Tax withheld | 126,247 | $2.27M |
| Aug 17, 2026 | Seyler Aaron Graeme Chief Revenue Officer | Award | 67,459 | $0 |
| Aug 14, 2026 | WEST EDWARD H Chief Executive Officer | Option exercise | 115,917 | $0 |
| Aug 14, 2026 | WEST EDWARD H Chief Executive Officer | Tax withheld | 45,421 | $882.5K |
| May 15, 2026 | Gafke Garrett Chief Operating Officer | Sale | 21,108 | $299.5K |
| Apr 28, 2026 | Gafke Garrett Chief Operating Officer | Sale | 152,529 | $2.12M |
| Apr 25, 2026 | Gafke Garrett Chief Operating Officer | Option exercise | 240,384 | $0 |
| Mar 3, 2026 | GUPTA RAHUL Director | Award | 11,448 | $0 |
| Mar 3, 2026 | Repo Susan Director | Award | 11,448 | $0 |
| Mar 3, 2026 | Gray Jason GC, Secretary & Admin Officer | Option exercise | 32,861 | $282.6K |
| Mar 3, 2026 | Gray Jason GC, Secretary & Admin Officer | Option exercise | 30,313 | $288.0K |
| Mar 3, 2026 | Gray Jason GC, Secretary & Admin Officer | Sale | 73,174 | $1.08M |
| Mar 3, 2026 | Wells Donna Director | Award | 11,448 | $0 |
| Mar 3, 2026 | Stevenson Kimberly S Director | Award | 11,448 | $0 |
| Mar 3, 2026 | ROSSI MARK Director | Award | 11,448 | $0 |
| Mar 3, 2026 | Carter Scott R Director | Award | 11,448 | $0 |
| Mar 3, 2026 | Fay James Daniel Director | Award | 11,448 | $0 |
| Feb 5, 2026 | BELL ERIC CHRISTOPHER Chief Accounting Officer | Award | 10,184 | $0 |
| Jan 2, 2026 | Lyle David Chief Financial Officer | Option exercise | 12,958 | $0 |
| Jan 2, 2026 | Lyle David Chief Financial Officer | Tax withheld | 14,878 | $148.3K |
| Dec 10, 2025 | Gray Jason GC, Secretary & Admin Officer | Option exercise | 20,016 | $184.7K |
| Dec 10, 2025 | Gray Jason GC, Secretary & Admin Officer | Tax withheld | 19,852 | $183.2K |
| Dec 8, 2025 | Lyle David Chief Financial Officer | Tax withheld | 19,163 | $175.1K |
| Dec 8, 2025 | Gray Jason GC, Secretary & Admin Officer | Option exercise | 14,506 | $132.6K |
| Dec 8, 2025 | Gray Jason GC, Secretary & Admin Officer | Tax withheld | 13,739 | $125.6K |
| Dec 8, 2025 | Lyle David Chief Financial Officer | Option exercise | 20,479 | $187.2K |
| Nov 19, 2025 | WEST EDWARD H Chief Executive Officer | Award | 114,679 | $1.00M |
| Nov 19, 2025 | Gafke Garrett Chief Operating Officer | Award | 57,340 | $500.0K |
| Nov 19, 2025 | Lyle David Chief Financial Officer | Award | 68,808 | $600.0K |
| Nov 19, 2025 | Gray Jason GC, Secretary & Admin Officer | Award | 48,739 | $425.0K |
| Oct 1, 2025 | WEST EDWARD H Chief Executive Officer | Tax withheld | 106,022 | $1.04M |
| Oct 1, 2025 | WEST EDWARD H Chief Executive Officer | Option exercise | 223,524 | $2.18M |
| Jun 13, 2025 | Diamond Michael E Insider | Sale 10b5-1 plan | 70,352 | $687.5K |
| Apr 28, 2025 | Briggs Christopher H Insider | Tax withheld | 2,200 | $18.4K |
| Apr 25, 2025 | Gafke Garrett Chief Operating Officer | Award | 120,192 | $0 |
| Mar 7, 2025 | ROSSI MARK Director | Purchase | 2,500 | $22.3K |
| Mar 6, 2025 | ROSSI MARK Director | Purchase | 2,500 | $22.4K |
| Mar 6, 2025 | Carter Scott R Director | Purchase | 12,000 | $109.0K |
| Mar 6, 2025 | ROSSI MARK Director | Purchase | 2,500 | $22.9K |
| Mar 4, 2025 | Carter Scott R Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | GUPTA RAHUL Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | Fay James Daniel Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | ROSSI MARK Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | Wells Donna Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | Stevenson Kimberly S Director | Award | 18,744 | $170.0K |
| Mar 4, 2025 | Repo Susan Director | Award | 18,744 | $170.0K |
| Feb 20, 2025 | WEST EDWARD H Chief Executive Officer | Purchase | 55,000 | $506.4K |
| Feb 20, 2025 | Stevenson Kimberly S Director | Purchase | 10,000 | $91.8K |
| Feb 18, 2025 | Diamond Michael E Insider | Option exercise | 8,216 | $70.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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