Mitek Systems, Inc.MITKNASDAQ
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R&D Expenses Over TimeStrong
Percentile Rank87
3Y CAGR+5.8%
5Y CAGR+4.1%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+5.8%/yr
vs +7.3%/yr prior
5Y CAGR
+4.1%/yr
Consistent
Acceleration
-1.5pp
Decelerating
Percentile
P87
Within normal range
vs 5Y Ago
1.2x
Modest growth
Streak
1 yr
Consecutive declineStrong
PeriodValueYoY Change
TTM$34.34M-2.7%
2025$35.28M+1.9%
2024$34.64M+19.5%
2023$28.99M-4.0%
2022$30.19M+7.7%
2021$28.04M+22.7%
2020$22.86M+4.5%
2019$21.87M+20.7%
2018$18.12M+73.7%
2017$10.43M-