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Mitek Systems's gross profit for the
three
months ended in Jun. 2026 was $45.9 Mil. Mitek Systems's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $165.5 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Mitek Systems's gross profit for the
three
months ended in Jun. 2026 was $45.9 Mil. Mitek Systems's Revenue for the
three
months ended in Jun. 2026 was $54.0 Mil. Therefore, Mitek Systems's Gross Margin % for the quarter that ended in Jun. 2026 was 84.86%.
Mitek Systems had a gross margin of 84.86% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Mitek Systems was 91.10%. The lowest was 83.61%. And the median was 86.52%.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Mitek Systems had a gross margin of 84.86% for the quarter that ended in Jun. 2026 => Durable competitive advantage
Mitek Systems Gross Profit Related Terms
Mitek Systems Gross Profit Historical Data
* Premium members only.
The historical data trend for Mitek Systems's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Mitek Systems's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mitek Systems Gross Profit vs Software Industry
For the Software industry and Technology sector, Mitek Systems's Gross Profit distribution charts can be found below:
* The bar in red indicates where Mitek Systems's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $165.5 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Mitek Systems (MITK) has a Gross Profit of $165.5 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Mitek Systems and its competitors.
Is Mitek Systems' Gross Profit too high?
Mitek Systems' current Gross Profit is $165.5 Mil. Overall, Mitek Systems has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitek Systems' Gross Profit compare to DJCO and PD?
Mitek Systems' Gross Profit of $165.5 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Software company?
A good Gross Profit depends on the Software industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Mitek Systems and its competitors. Mitek Systems's current Gross Profit is $165.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitek Systems stock overvalued right now?
Based on GuruFocus' analysis, Mitek Systems (MITK) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.51, compared to a current price of $18.56 — trading 61.3% above its estimated fair value. The current Gross Profit is $165.5 Mil. Mitek Systems' overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Mitek Systems (MITK), the current Gross Profit is $165.5 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mitek Systems (MITK) Overvalued in 2026?
Based on GuruFocus' analysis, Mitek Systems stock appears to be overvalued.
The current stock price of $18.56 is trading 61.3% above its estimated GF Value™ of $11.51.
GuruFocus considers Mitek Systems to be Significantly Overvalued.
Key valuation signals for MITK:
Gross Profit: $165.5 Mil
GF Value™: $11.51 vs. price of $18.56 (61.3% above fair value)
No single metric tells the full story. See the MITK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitek Systems Inc is engaged in the development, sale, and service of proprietary software solutions related to mobile imaging. The firm is a software development company with expertise in artificial intelligence, and machine learning. It serves more than 7,900 financial services organizations, financial technology (fintech) brands, telecommunications companies, and marketplace brands across the globe. The company's Mobile Deposit solution is used by consumers for mobile check deposits. The company's Mobile Verify verifies a user's identity online, enabling organizations to build safer digital communities, whereas CheckReader enables financial institutions to automatically extract data from a check image received across any deposit channel - branch, ATM, RDC, and mobile.
80GF Score
Get the complete analysis for MITK
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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