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Mitek Systems's peak revenue was $172.6M in 2023. The peak quarterly revenue was $47.0M in 2024(q2).
Mitek Systems's revenue increased from $5.6m in 2007 to $172.1M currently. That's a 2,989.49% change in annual revenue.
| Fiscal year / year | Mitek Systems revenue |
|---|---|
| 2009 | $3.6M |
| 2010 | $5.1M |
| 2011 | $10.3M |
| 2012 | $9.1M |
| 2013 | $14.8M |
| 2014 | $19.2M |
| 2015 | $25.4M |
| 2016 | $34.7M |
| 2017 | $45.4M |
| 2018 | $63.6M |
| 2019 | $84.6M |
| 2020 | $101.3M |
| 2021 | $119.8M |
| 2022 | $144.8M |
| 2023 | $172.6M |
| 2024 | $172.1M |
Rate Mitek Systems' financial transparency
Mitek Systems saw the greatest revenue growth in 2011, when revenue increased by 100.55%.
Mitek Systems had the lowest revenue growth in 2009, when revenue changed by -30.8%.
| Year | Mitek Systems growth |
|---|---|
| 2009 | -31%↓ |
| 2010 | 41%↑ |
| 2011 | 101%↑ |
| 2012 | -11%↓ |
| 2013 | 63%↑ |
| 2014 | 29%↑ |
| 2015 | 32%↑ |
| 2016 | 37%↑ |
| 2017 | 31%↑ |
| 2018 | 40%↑ |
| 2019 | 33%↑ |
| 2020 | 20%↑ |
| 2021 | 18%↑ |
| 2022 | 21%↑ |
| 2023 | 19%↑ |
| 2024 | -0%↓ |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $1.0M | $888,283 | $914,738 | $804,146 |
| 2010 | $1.2M | $1.5M | $822,490 | $1.6M |
| 2011 | $1.4M | $2.9M | $3.0M | $3.0M |
| 2012 | $3.5M | $1.2M | $3.2M | $1.2M |
| 2013 | $3.3M | $3.2M | $3.9M | $4.4M |
| 2014 | $4.5M | $4.5M | $4.7M | $5.5M |
| 2015 | $5.4M | $5.7M | $6.4M | $7.9M |
| 2016 | $7.4M | $8.5M | $9.1M | $9.7M |
| 2017 | $9.3M | $11.4M | $11.8M | $12.9M |
| 2018 | $12.1M | $14.3M | $16.1M | $21.0M |
| 2019 | $17.7M | $20.0M | $21.9M | $25.0M |
| 2020 | $22.1M | $23.2M | $25.4M | $30.6M |
| 2021 | $26.0M | $28.8M | $31.8M | $33.3M |
| 2022 | $32.5M | $33.5M | $39.2M | $39.6M |
| 2023 | $45.7M | $46.1M | $43.1M | $37.7M |
| 2024 | $36.9M | $47.0M | $45.0M | $43.2M |
| 2025 | $37.3M | - | - | - |
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Did Mitek Systems meet its revenue projections?
| CEO | Scipio Maximus Carnecchia |
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 448 |
| Date Founded | 1983 |
| Headquarters | San Diego, California |
| Number of Locations | 3 |
| Revenue | $172.1M |
| Net Income | $3,032,000 |
| Gross Proft | $147.7M (2024) |
| PE Ratio | 130.20 |
| Tax Rate | 4.6% |
| Market Capitalization | $426.8M |
| Total Assets | $360,410,000 |
| Ticker | MITK |
Mitek Systems received early financing of $750.0K on 2010-10-01.
| Series | Round size | Date |
|---|---|---|
| Series Unknown | $750K | 10/2010 |
| Post Ipo Equity | $15M | 05/2011 |
| Grant | $52K | 02/2015 |
| Investors | Security type |
|---|---|
| Philadelphia Financial Group Inc | Post Ipo Equity |
| WEINTRAUB CAPITAL MANAGEMENT | Post Ipo Equity |
| EASME EU Executive Agency for SMEs | Grant |
Mitek Systems's top competitor, Intralinks, earned an annual revenue of $385.0M.
Mitek Systems's smallest competitor is Advaiya with revenue of $90.0K last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| SheerID | $115,355 | $40.0M | 125 | - |
| MiTek | $76,668 | $20.0M | 125 | 16 |
| Intralinks | $107,591 | $385.0M | 1,000 | 198 |
| IONA Technologies | $97,342 | $33.8M | 555 | - |
| Bridgeline | $76,558 | $16.8M | 39 | 4 |
| Centive | $75,839 | $1.6M | 13 | - |
| DOOR3 | $94,660 | $15.0M | 125 | - |
| Baxter Planning | $76,017 | $5.3M | 88 | 1 |
| Advaiya | $76,669 | $90,000 | 47 | - |
| Compeat | $92,130 | $40.0M | 136 | - |
Zippia gives an in-depth look into the details of Mitek Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Mitek Systems. The employee data is based on information from people who have self-reported their past or current employments at Mitek Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Mitek Systems. The data presented on this page does not represent the view of Mitek Systems and its employees or that of Zippia.
Mitek Systems may also be known as or be related to MITEK SYSTEMS INC, Mitek Systems, Mitek Systems Inc, Mitek Systems Inc. and Mitek Systems, Inc.