Mikrotikls SIA Due Diligence

Run due diligence on Mikrotikls SIA: check compliance and get alerts when suppliers or ownership change.

Latvia · owned by Independent (Latvia) · mikrotik.com · 7 vendors

MikroTik (Mikrotikls SIA) is a Latvian company that designs and manufactures networking hardware and software, including routers, switches, wireless systems, and LTE/5G products used in nearly all countries of the world. The company develops RouterOS, a powerful network operating system that powers its RouterBOARD hardware line, as well as software tools such as WinBox and mobile apps. MikroTik serves a wide range of customers from home users to ISPs and enterprise networks, offering affordable yet high-performance networking solutions globally.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 7 sub-vendors.

Insights

Last updated 2026-08-14 · revision 2

7 direct vendors, 51 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

8 in-scope frameworks identified; showing 3.

Latvian Personal Data Processing Law — Evidence found

Evidence: https://mikrotik.com/privacy, https://mikrotik.com/aboutus/company

SOC 2 (source) — No public evidence

Evidence: https://mikrotik.com/bth, https://mikrotik.com/connectivity, https://mikrotik.com/supportsec

EU General Product Safety Regulation — No public evidence

Evidence: https://mikrotik.com/aboutus/company, https://mikrotik.com/products/group/indoor-wireless

Financials

Three-year financials

Financial Resilience Score: 9/10

Mikrotikls SIA demonstrates exceptional financial resilience for a private hardware manufacturer. The company has achieved 20%+ CAGR over the past decade with net margins consistently in the 25-35% range, which is remarkable for networking hardware. Growth has been entirely self-financed through retained earnings, with minimal external debt, indicating a very strong balance sheet and low financial leverage risk. The company's vertically integrated model—owning its RouterOS software and hardware design—creates high switching costs and gross margin protection versus commoditized competitors. Distribution through 800+ resellers across 130 countries provides significant geographic diversification and reduces customer concentration risk. The product portfolio spans from sub-€50 home routers to 400G data-center switches, insulating the business from single-segment downturns. The 2023 revenue decline of ~15% following the record 2022 demonstrates exposure to ISP capex cycles and channel inventory normalization, but profitability remained very strong. Key risks include semiconductor supply dependence, reputational exposure from security advisories (VPNFilter, Mēris botnet), competition from TP-Link/Ubiquiti/Huawei, and concentrated private ownership with limited governance disclosure.

Key strengths: Exceptional profitability with 25-35% net margins, Self-financed growth with minimal external debt, Global distribution across 800+ resellers in 130 countries, Sticky RouterOS software ecosystem with high switching costs, Broad product portfolio from consumer to data-center segments, Vertical integration (own OS and hardware design), 20%+ CAGR over past decade

Risk factors: Cyclicality of ISP/networking capex (evidenced by 2023 decline), Component/semiconductor supply dependency, Reputational risk from security advisories and botnet campaigns, Competition from TP-Link, Ubiquiti, Cisco Meraki, Huawei and Chinese ODMs, Key-person and private-ownership concentration risk, Currency risk (USD sales vs EUR costs)

Workforce by country

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