MITEK SYSTEMS, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2021 | — | 11.1% | 6.7% |
| FY2022 | — | 8.4% | 2.6% |
| FY2023 | — | 9.0% | 4.7% |
| FY2024 | — | 1.3% | 1.9% |
| FY2025 | — | 9.3% | 4.9% |
When you combine ignorance and leverage, you get some pretty interesting results.