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Immersion vs Mitek Systems: revenue, profit, margins and growth compared

Immersion brought in $1.7B of revenue in fiscal 2026, Mitek Systems $179.7M in fiscal 2025. Revenue changed by +11.2% at Immersion and +4.4% at Mitek Systems on the year before, so Immersion grew faster. Immersion kept 0.3% of its revenue as net profit, Mitek Systems 4.9%. Free cash flow was $42.9M at Immersion and $54.2M at Mitek Systems.

Side by side, latest fiscal year

IMMRMITK
Fiscal year endedFY2026 (April 30, 2026)FY2025 (September 30, 2025)
Revenue$1.7B$179.7M
Revenue growth+11.2%+4.4%
Net income$4.5M$8.8M
Net margin0.3%4.9%
Free cash flow$42.9M$54.2M
Free cash flow margin2.5%30.2%
Earnings per share (diluted)$0.14$0.19
Cash$138.3M$154.2M
Debt$71M$152.2M
Price to earnings52.093.0
Market value$241.6M$796.9M
Dividend yieldn/an/a
Rank by revenue in sector#164 of 530 · Technology#387 of 530 · Technology

Over the years

Revenue
IMMR FY2018: $111MIMMR FY2019: $36MIMMR FY2020: $30.5MIMMR FY2021: $35.1MIMMR FY2022: $38.5MIMMR FY2023: $33.9MIMMR FY2025: $1.6BIMMR FY2026: $1.7BMITK FY2018: $63.6MMITK FY2019: $84.6MMITK FY2020: $101.3MMITK FY2021: $119.8MMITK FY2022: $144.8MMITK FY2023: $172.6MMITK FY2024: $172.1MMITK FY2025: $179.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $1.7BMITK $179.7M
Net income
IMMR FY2018: $54.3MIMMR FY2019: -$20MIMMR FY2020: $5.4MIMMR FY2021: $12.5MIMMR FY2022: $30.7MIMMR FY2023: $34MIMMR FY2025: $64.3MIMMR FY2026: $4.5MMITK FY2018: -$11.8MMITK FY2019: -$724KMITK FY2020: $7.8MMITK FY2021: $8MMITK FY2022: $3.7MMITK FY2023: $8MMITK FY2024: $3.3MMITK FY2025: $8.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $4.5MMITK $8.8M
Net margin
IMMR FY2018: 49.0%IMMR FY2019: -55.8%IMMR FY2020: 17.7%IMMR FY2021: 35.6%IMMR FY2022: 79.7%IMMR FY2023: 100.2%IMMR FY2025: 4.1%IMMR FY2026: 0.3%MITK FY2018: -18.6%MITK FY2019: -0.9%MITK FY2020: 7.7%MITK FY2021: 6.7%MITK FY2022: 2.6%MITK FY2023: 4.7%MITK FY2024: 1.9%MITK FY2025: 4.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR 0.3%MITK 4.9%
Revenue growth
IMMR FY2019: -67.6%IMMR FY2020: -15.3%IMMR FY2021: +15.2%IMMR FY2022: +9.6%IMMR FY2023: -11.8%IMMR FY2026: +11.2%MITK FY2019: +33.1%MITK FY2020: +19.8%MITK FY2021: +18.2%MITK FY2022: +20.9%MITK FY2023: +19.2%MITK FY2024: -0.3%MITK FY2025: +4.4%FY19FY20FY21FY22FY23FY24FY25FY26
IMMR +11.2%MITK +4.4%
Free cash flow
IMMR FY2018: $69.9MIMMR FY2019: -$34.2MIMMR FY2020: -$25KIMMR FY2021: $17.1MIMMR FY2022: $40.1MIMMR FY2023: $20.6MIMMR FY2025: -$68.8MIMMR FY2026: $42.9MMITK FY2018: $1.3MMITK FY2019: $13.2MMITK FY2020: $23.3MMITK FY2021: $36MMITK FY2022: $20MMITK FY2023: $30.6MMITK FY2024: $30.3MMITK FY2025: $54.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
IMMR $42.9MMITK $54.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Immersion and Mitek Systems

Which is bigger by revenue, Immersion or Mitek Systems?

Immersion is bigger by revenue: $1.7B in fiscal 2026, against $179.7M for Mitek Systems in fiscal 2025.

Which keeps more of its revenue as profit, Immersion or Mitek Systems?

Immersion had a net margin of 0.3% in fiscal 2026; Mitek Systems had 4.9% in fiscal 2025.

Which grew revenue faster, Immersion or Mitek Systems?

In their latest fiscal years revenue changed by +11.2% at Immersion and +4.4% at Mitek Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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