MITK — what changed in the latest 10-Q
A section-by-section comparison of MITK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +23 | −16 | ~24 | 15 |
| Market risk (Item 3) | Text added/removed | +3 | −2 | ~2 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
The following table summarizes certain aspects of our results of operations for the three months ended June 30, 2026 and 2025 (amounts in thousands, except percentages):
Total revenue increased $8.3 million, or 18%, to $54.0 million in the three months ended June 30, 2026 compared to $45.7 million in the three months ended June 30, 2025. Software license revenue increased $1.2 million, or 6%, to $20.7 million in the three months ended June 30, 2026, compared to $19.…
Interest expense decreased $1.7 million, or 71%, to $0.7 million for the three months ended June 30, 2026, compared to $2.5 million for the three months ended June 30, 2025. The current quarter consisted of $0.7 million of cash interest, compared to $2.2 million of amortization and $0.3 million of c…
Other income, net includes interest income net of amortization and net realized gains or losses on our marketable securities portfolio, and foreign currency transactional gains and losses. Other income, net decreased $1.5 million, or 81%, to $0.3 million of income in the three months ended June 30, …
For the three months ended June 30, 2026, we recorded an income tax provision of $2.8 million which yielded an effective tax rate of 25%. For the three months ended June 30, 2025, we recorded an income tax provision of $0.7 million which yielded an effective tax rate of 24%. The difference between t…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
•During the quarter, we repaid the 2026 Notes (as defined below) in full and borrowed $50.0 million under our Term Loan (as defined below), simplifying our capital structure and reducing potential dilution.
Comparison of the Three Months Ended March 31, 2026 and 2025
The following table summarizes certain aspects of our results of operations for the three months ended March 31, 2026 and 2025 (amounts in thousands, except percentages):
Total revenue increased $2.9 million, or 6%, to $54.8 million in the three months ended March 31, 2026 compared to $51.9 million in the three months ended March 31, 2025. Software license revenue decreased $0.8 million, or 3%, to $26.0 million in the three months ended March 31, 2026, compared to $2…
Restructuring costs consist of employee severance obligations and other related costs. Restructuring costs were immaterial in the three months ended March 31, 2026. Restructuring costs were immaterial in the three months ended March 31, 2025.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-06
We are also exposed to interest rate risk on our Term Loan under the Amended Credit Agreement, which bears interest at a variable rate tied to term SOFR or the WSJ prime rate. As of June 30, 2026, $49.4 million was outstanding under the Term Loan. A hypothetical 100 basis point increase in the appli…
There have been no material changes to our foreign currency exchange rate risk from that described in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” in the 2025 Annual Report. The Company continues to have operations in the United Kingdom, France, the Netherlands, and Spain, …
There have been no material changes to our exposure to inflation risk from that described in the 2025 Annual Report. Inflation did not have a material effect on our business, financial condition or results of operations during either of the nine months ended June 30, 2026 or 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
We have operations in the United Kingdom, France, the Netherlands, and Spain that are exposed to fluctuations in the foreign currency exchange rate between the U.S. dollar, the Euro, and the British pound sterling. The functional currency of our French, Dutch, and Spanish operations is the Euro and …
We do not believe that inflation had a material effect on our business, financial condition or results of operations during either of the six months ended March 31, 2026 or 2025. If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice