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Mitek Systems, Inc.(MITK)Earnings, Financials & Key Ratios
MITK•NASDAQ
$15.23
$695M mkt cap·80.2× P/E·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryEmerging tech platforms (AI, blockchain, identity)
AboutMitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. The company's solutions are embedded in native mobile apps and web browsers to facilitate digital consumer experiences. It offers Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; and Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications. The company also provides Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion; and MiSnap, a mobile-capture software development kit that enables an intuitive user experience and instant capture of quality images of identity documents and checks. In addition, it offers CheckReader that enables financial institutions to automatically extract data from checks; Check Fraud Defender, an AI-powered and cloud-hosted model for fighting check fraud; and Check Intelligence that enables financial institutions to automatically extract data from a check image received across any deposit channel, including branch, ATM, remote deposit capture, and mobile. Further, the company provides ID_CLOUD, an automated identity verification solution that is integrated into a customers' application to read and validate identity documents; IDLive Face, a passive facial liveness detection product; IDVoice, a robust AI-driven voice biometric engine; IDLive Voice that helps stop spoofing attacks on voice biometric systems; and IDLive Doc that works to fight fraud related to digitally displayed document images. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California.Show more
- Revenue$180M+4.4%
- EBITDA$35M+67.9%
- Net Income$9M+168.3%
- EPS (Diluted)0.19+175.0%
- Gross Margin76.17%-23.7%
- EBITDA Margin19.47%+60.8%
- Operating Margin9.81%+656.8%
- Net Margin4.9%+157.0%
- ROE3.87%+147.7%
- ROIC5.1%+754.7%
- Debt/Equity0.66-5.8%
- Interest Coverage1.80+648.2%
MITK Key Insights
Mitek Systems, Inc. (MITK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 30.2% free cash flow margin
- ✓Momentum leader: RS Rating 81 (top 19%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 12.1%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak 3Y average ROE of 3.2%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MITK Price & Volume
Mitek Systems, Inc. (MITK) stock price & volume — 10-year historical chart
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MITK Growth Metrics
Mitek Systems, Inc. (MITK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years21.63%
5 Years12.14%
3 Years7.46%
TTM8.27%
Profit CAGR
10 Years13.29%
5 Years2.4%
3 Years33.54%
TTM335.79%
EPS CAGR
10 Years9.04%
5 Years1.09%
3 Years33.03%
TTM287.61%
Return on Capital
10 Years2.9%
5 Years3.9%
3 Years3.64%
Last Year5.67%
MITK Recent Earnings
Mitek Systems, Inc. (MITK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 5, 2026EPS
$0.26
Est $0.18
+42.9%
Revenue
$44M
Est $42M
+4.3%
Q4 2025
Dec 11, 2025EPS
$0.24
Est $0.18
+33.3%
Revenue
$45M
Est $41M
+9.1%
Q3 2025
Aug 7, 2025EPS
$0.22
Est $0.18
+22.2%
Revenue
$46M
Est $41M
+11.9%
Q2 2025
May 8, 2025EPS
$0.36
Est $0.26
+38.5%
Revenue
$52M
Est $46M
+13.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 5, 2026 | $0.26vs $0.18+42.9% | $44Mvs $42M+4.3% |
| Q4 2025 | Dec 11, 2025 | $0.24vs $0.18+33.3% | $45Mvs $41M+9.1% |
| Q3 2025 | Aug 7, 2025 | $0.22vs $0.18+22.2% | $46Mvs $41M+11.9% |
| Q2 2025 | May 8, 2025 | $0.36vs $0.26+38.5% | $52Mvs $46M+13.1% |
Based on last 12 quarters of dataView full earnings history →
MITK Peer Comparison
Mitek Systems, Inc. (MITK) competitors in Emerging tech platforms (AI, blockchain, identity) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ALKT | 1.79B | 16.75 | -36.41 | 32.89% | -10.55% | -13.96% | 0.98 | |
 INTU | 108.46B | 388.55 | 28.42 | 15.63% | 21.57% | 22.78% | 0.34 | |
 IDAI | 2.76M | 2.50 | -0.22 | -32.41% | -316.35% | -189.51% | 1.30 | |
 NCNO | 2.07B | 17.44 | -52.85 | 13.45% | -3.71% | -2.07% | 0.22 | |
 QLYS | 3.24B | 90.84 | 16.70 | 10.13% | 29.41% | 37.15% | 0.17 | |
 OSPN | 442.11M | 11.80 | 6.21 | 0% | 28.47% | 27.31% | 0.02 | |
 VRNT | 1.24B | 20.51 | 19.72 | -0.13% | 6.87% | 4.6% | 0.34 | |
 NICE | 5.85B | 96.85 | 10.02 | 7.68% | 20.78% | 16.36% | 0.04 |
Compare MITK vs Peers
Mitek Systems, Inc. (MITK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MITK Income Statement
Mitek Systems, Inc. (MITK) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 45.39M | 63.56M | 84.59M | 101.31M | 119.8M | 144.8M | 172.55M | 172.08M | 179.69M | 186.68M |
| Revenue Growth % | 30.8% | 40.03% | 33.09% | 19.77% | 18.25% | 20.87% | 19.16% | -0.27% | 4.42% | 8.27% |
| Cost of Goods Sold | 4.04M | 8.69M | 12.27M | 13.19M | 14.54M | 20.01M | 22.95M | 309K | 42.83M | 42.8M |
| COGS % of Revenue | 8.9% | 13.67% | 14.5% | 13.02% | 12.14% | 13.82% | 13.3% | 0.18% | 23.83% | - |
| Gross Profit | 41.35M▲ 0% | 54.87M▲ 32.7% | 72.32M▲ 31.8% | 88.12M▲ 21.8% | 105.26M▲ 19.5% | 124.8M▲ 18.6% | 149.6M▲ 19.9% | 171.77M▲ 14.8% | 136.86M▼ 20.3% | 143.89M▲ 0% |
| Gross Margin % | 91.1% | 86.33% | 85.5% | 86.98% | 87.86% | 86.18% | 86.7% | 99.82% | 76.17% | 77.08% |
| Gross Profit Growth % | 32.08% | 32.71% | 31.8% | 21.84% | 19.45% | 18.56% | 19.88% | 14.82% | -20.32% | - |
| Operating Expenses | 38.58M | 62.68M | 73.85M | 79.36M | 91.55M | 112.6M | 134.04M | 169.54M | 119.23M | 161.19M |
| OpEx % of Revenue | 85% | 98.62% | 87.3% | 78.34% | 76.42% | 77.76% | 77.68% | 98.52% | 66.35% | - |
| Selling, General & Admin | 25.79M | 38.77M | 47.27M | 49.93M | 54.99M | 65.43M | 83.89M | 93.76M | 85.85M | 83.47M |
| SG&A % of Revenue | 56.83% | 60.99% | 55.88% | 49.28% | 45.9% | 45.19% | 48.62% | 54.49% | 47.78% | - |
| Research & Development | 10.43M | 15.67M | 19.02M | 22.86M | 28.04M | 30.19M | 28.99M | 34.64M | 35.28M | 34.34M |
| R&D % of Revenue | 22.98% | 24.66% | 22.48% | 22.56% | 23.41% | 20.85% | 16.8% | 20.13% | 19.64% | - |
| Other Operating Expenses | 402K | -935K | 7.56M | 6.58M | 8.52M | 16.97M | 21.16M | 41.14M | -1.9M | 4M |
| Operating Income | 2.77M▲ 0% | -7.81M▼ 381.9% | 1.54M▲ 119.8% | 8.87M▲ 474.4% | 13.28M▲ 49.7% | 12.2M▼ 8.1% | 15.56M▲ 27.6% | 2.23M▼ 85.7% | 17.63M▲ 690.2% | 25.3M▲ 0% |
| Operating Margin % | 6.1% | -12.28% | 1.83% | 8.75% | 11.08% | 8.43% | 9.02% | 1.3% | 9.81% | 13.55% |
| Operating Income Growth % | 51.81% | -381.91% | 119.78% | 474.35% | 49.72% | -8.11% | 27.57% | -85.67% | 690.23% | - |
| EBITDA | 3.68M | -3.17M | 10.56M | 17.61M | 23.42M | 28.45M | 35.78M | 20.84M | 34.99M | 38.61M |
| EBITDA Margin % | 8.11% | -4.98% | 12.48% | 17.38% | 19.55% | 19.65% | 20.74% | 12.11% | 19.47% | 20.68% |
| EBITDA Growth % | 14.63% | -186.04% | 433.21% | 66.83% | 32.99% | 21.46% | 25.78% | -41.76% | 67.88% | 66.77% |
| D&A (Non-Cash Add-back) | 913K | 4.64M | 9.01M | 8.74M | 10.14M | 16.25M | 20.22M | 18.61M | 17.36M | 13.3M |
| EBIT | 2.77M | -7.8M | -3.99M | 9.41M | 13.93M | 11.83M | 19.4M | 8.35M | 21.39M | 23.9M |
| Net Interest Income | 0 | 0 | 0 | 0 | -5.13M | -8.23M | -9.06M | -9.26M | -9.78M | -7.38M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 5.13M | 8.23M | 9.06M | 9.26M | 9.78M | 9.92M |
| Other Income/Expense | 402K | -935K | 0 | 541K | -4.47M | -8.6M | -5.22M | -3.14M | -6.02M | -4.39M |
| Pretax Income | 3.17M▲ 0% | -8.74M▼ 375.7% | -3.99M▲ 54.4% | 9.41M▲ 335.9% | 8.8M▼ 6.5% | 3.6M▼ 59.1% | 10.34M▲ 187.1% | -909K▼ 108.8% | 11.61M▲ 1377.1% | 20.92M▲ 0% |
| Pretax Margin % | 6.99% | -13.75% | -4.71% | 9.29% | 7.35% | 2.49% | 5.99% | -0.53% | 6.46% | 11.2% |
| Income Tax | -10.92M | 3.07M | -3.26M | 1.59M | 824K | -92K | 2.31M | -4.19M | 2.81M | 1.48M |
| Effective Tax Rate % | -344.4% | -35.08% | 81.85% | 16.95% | 9.36% | -2.55% | 22.38% | 460.62% | 24.23% | 7.1% |
| Net Income | 14.09M▲ 0% | -11.81M▼ 183.8% | -724K▲ 93.9% | 7.81M▲ 1179.3% | 7.98M▲ 2.1% | 3.69M▼ 53.7% | 8.03M▲ 117.3% | 3.28M▼ 59.2% | 8.8M▲ 168.3% | 19.43M▲ 0% |
| Net Margin % | 31.05% | -18.58% | -0.86% | 7.71% | 6.66% | 2.55% | 4.65% | 1.9% | 4.9% | 10.41% |
| Net Income Growth % | 619.35% | -183.79% | 93.87% | 1179.28% | 2.1% | -53.7% | 117.3% | -59.16% | 168.33% | 335.79% |
| Net Income (Continuing) | 14.09M | -11.81M | -724K | 7.81M | 7.98M | 3.69M | 8.03M | 3.28M | 8.8M | 19.43M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.40▲ 0% | -0.33▼ 182.5% | -0.02▲ 94.4% | 0.18▲ 1078.3% | 0.18▲ 0.0% | 0.08▼ 55.2% | 0.17▲ 110.7% | 0.07▼ 59.4% | 0.19▲ 175.0% | 0.41▲ 0% |
| EPS Growth % | 566.67% | -182.5% | 94.42% | 1078.26% | 0% | -55.17% | 110.66% | -59.35% | 174.96% | 287.61% |
| EPS (Basic) | 0.43 | -0.33 | -0.02 | 0.19 | 0.18 | 0.08 | 0.18 | 0.07 | 0.19 | - |
| Diluted Shares Outstanding | 35.54M | 35.81M | 39.34M | 42.53M | 45.08M | 45.78M | 46.46M | 47.47M | 46.93M | 47.16M |
| Basic Shares Outstanding | 33.08M | 35.78M | 39.34M | 41.41M | 43.51M | 44.59M | 45.53M | 46.56M | 45.72M | 45.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
MITK Balance Sheet
Mitek Systems, Inc. (MITK) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 50.88M | 38.1M | 54.13M | 84.13M | 204.06M | 137.85M | 190.01M | 185.05M | 248.49M | 239.1M |
| Cash & Short-Term Investments | 42.57M | 17.53M | 33.25M | 60.02M | 179.37M | 90.33M | 133.61M | 130.34M | 193.01M | 190.07M |
| Cash Only | 12.29M | 9.09M | 16.75M | 19.99M | 30.31M | 32.06M | 58.91M | 93.46M | 154.15M | 175.12M |
| Short-Term Investments | 30.28M | 8.45M | 16.5M | 40.03M | 149.06M | 58.27M | 74.7M | 36.88M | 38.86M | 14.95M |
| Accounts Receivable | 7.1M | 16.82M | 17.29M | 20.8M | 20.68M | 42.96M | 50.49M | 47.5M | 49.5M | 45.57M |
| Days Sales Outstanding | 57.09 | 96.6 | 74.6 | 74.93 | 63.01 | 108.28 | 106.8 | 100.75 | 100.54 | 102.24 |
| Inventory | 0 | 0 | 1.49M | 1.34M | 1.92M | 2M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | 44.25 | 37.02 | 48.2 | 36.49 | - | - | - | - |
| Other Current Assets | 1.21M | 1.05M | 618K | 630K | 165K | 622K | 2.4M | 2.7M | 2.94M | 3.46M |
| Total Non-Current Assets | 20.84M | 89.03M | 81.77M | 85.03M | 215.23M | 226.63M | 215.37M | 228.7M | 210.62M | 207.35M |
| Property, Plant & Equipment | 613K | 4.67M | 4.23M | 9.02M | 10.73M | 8.65M | 6.97M | 7.23M | 4.94M | 5.8M |
| Fixed Asset Turnover | 74.05x | 13.62x | 19.99x | 11.24x | 11.17x | 16.74x | 24.76x | 23.81x | 36.39x | 37.10x |
| Goodwill | 3.01M | 34.41M | 32.64M | 35.67M | 62.69M | 120.19M | 123.55M | 131.57M | 133.46M | 133.4M |
| Intangible Assets | 2.3M | 32.95M | 24.41M | 19.29M | 28.73M | 75.76M | 64.67M | 54.14M | 39.8M | 36.47M |
| Long-Term Investments | 3.78M | 0 | 1.55M | 1.96M | 48.05M | 10.63M | 1.3M | 11.41M | 4.87M | 31.1M |
| Other Non-Current Assets | 74K | 2.02M | 2.35M | 5.61M | 54.52M | 1.16M | 7.23M | 5.21M | 2.22M | 14.18M |
| Total Assets | 71.72M▲ 0% | 127.13M▲ 77.3% | 135.9M▲ 6.9% | 169.15M▲ 24.5% | 419.28M▲ 147.9% | 364.48M▼ 13.1% | 405.38M▲ 11.2% | 413.75M▲ 2.1% | 459.11M▲ 11.0% | 446.45M▲ 0% |
| Asset Turnover | 0.63x | 0.50x | 0.62x | 0.60x | 0.29x | 0.40x | 0.43x | 0.42x | 0.39x | 0.42x |
| Asset Growth % | 48.23% | 77.26% | 6.9% | 24.47% | 147.87% | -13.07% | 11.22% | 2.07% | 10.96% | 34.87% |
| Total Current Liabilities | 9.53M | 20.38M | 20.05M | 24.36M | 39.21M | 48.46M | 51.5M | 42.15M | 209.03M | 203.11M |
| Accounts Payable | 1.92M | 3.57M | 3.56M | 3.91M | 2.51M | 4.97M | 7.59M | 7.24M | 3.87M | 5.06M |
| Days Payables Outstanding | 173.24 | 150.14 | 105.79 | 108.16 | 62.93 | 90.74 | 120.69 | 8.55K | 33.02 | 34.06 |
| Short-Term Debt | 0 | 0 | 200K | 100K | 100K | 100K | 200K | 300K | 152.22M | 911K |
| Deferred Revenue (Current) | 3.31M | 4.79M | 5.61M | 7.97M | 10.38M | 21.35M | 17.36M | 21.23M | 29.06M | 109.51M |
| Other Current Liabilities | 602K | 4.13M | 4.27M | 1.67M | 12.02M | 8.22M | 9.56M | 2.09M | 5.81M | 171.94M |
| Current Ratio | 5.34x | 1.87x | 2.70x | 3.45x | 5.20x | 2.84x | 3.69x | 4.39x | 1.19x | 1.19x |
| Quick Ratio | 5.34x | 1.87x | 2.63x | 3.40x | 5.16x | 2.80x | 3.69x | 4.39x | 1.19x | 1.19x |
| Cash Conversion Cycle | - | - | 13.06 | 3.8 | 48.28 | 54.03 | - | - | - | 68.18 |
| Total Non-Current Liabilities | 777K | 11.35M | 8.52M | 12.55M | 187.56M | 145.04M | 148.69M | 156.81M | 9.82M | 156.62M |
| Long-Term Debt | 0 | 500K | 400K | 600K | 121.62M | 129.17M | 136.62M | 146M | 4M | 156.32M |
| Capital Lease Obligations | 0 | 0 | 0 | 5.33M | 6.59M | 4.11M | 2.87M | 4.23M | 2.08M | 6.32M |
| Deferred Tax Liabilities | 673K | 8.16M | 5.55M | 4.65M | 4.12M | 9.58M | 6.48M | 3.89M | 295K | 6.2M |
| Other Non-Current Liabilities | 692K | 2.2M | 1.82M | 382K | 54.38M | 413K | 1.77M | 1.93M | 2.36M | 6.58M |
| Total Liabilities | 10.31M | 31.73M | 28.56M | 36.91M | 226.02M | 193.5M | 200.19M | 198.95M | 218.85M | 212.8M |
| Total Debt | 0 | 800K | 600K | 7.85M | 130.25M | 135.49M | 141.59M | 151.34M | 159.49M | 157.23M |
| Net Debt | -12.29M | -8.29M | -16.15M | -12.14M | 99.94M | 102.13M | 82.67M | 57.88M | 5.33M | -17.89M |
| Debt / Equity | - | 0.01x | 0.01x | 0.06x | 0.67x | 0.80x | 0.69x | 0.70x | 0.66x | 0.66x |
| Debt / EBITDA | - | - | 0.06x | 0.45x | 5.56x | 4.76x | 3.96x | 7.26x | 4.56x | 4.07x |
| Net Debt / EBITDA | -3.34x | - | -1.53x | -0.69x | 4.27x | 3.59x | 2.31x | 2.78x | 0.15x | 0.15x |
| Interest Coverage | - | - | - | - | 2.59x | 1.48x | 1.72x | 0.24x | 1.80x | 2.41x |
| Total Equity | 61.41M▲ 0% | 95.39M▲ 55.3% | 107.33M▲ 12.5% | 132.24M▲ 23.2% | 193.26M▲ 46.1% | 170.32M▼ 11.9% | 205.19M▲ 20.5% | 214.8M▲ 4.7% | 240.26M▲ 11.9% | 233.66M▲ 0% |
| Equity Growth % | 55.52% | 55.34% | 12.52% | 23.21% | 46.14% | -11.87% | 20.47% | 4.69% | 11.85% | 43.36% |
| Book Value per Share | 1.73 | 2.66 | 2.73 | 3.11 | 4.29 | 3.72 | 4.42 | 4.53 | 5.12 | 4.95 |
| Total Shareholders' Equity | 61.41M | 95.39M | 107.33M | 132.24M | 193.26M | 170.32M | 205.19M | 214.8M | 240.26M | 233.66M |
| Common Stock | 34K | 38K | 40K | 42K | 44K | 44K | 46K | 45K | 46K | 45K |
| Retained Earnings | -17.45M | -21M | -20.81M | -13.99M | -5.63M | -18M | -9.31M | -30.27M | -26.21M | -33.43M |
| Treasury Stock | 0 | 0 | 0 | 0 | -140K | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 147K | -586K | -4.06M | -323K | -943K | -28.22M | -14.24M | -2.3M | 586K | 474K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MITK Cash Flow Statement
Mitek Systems, Inc. (MITK) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 10.45M | 5.63M | 14.25M | 24.12M | 37.34M | 21.12M | 31.59M | 31.69M | 55.34M | 55.34M |
| Operating CF Margin % | 23.01% | 8.85% | 16.85% | 23.81% | 31.17% | 14.58% | 18.31% | 18.41% | 30.8% | - |
| Operating CF Growth % | 32.99% | -46.14% | 153.29% | 69.28% | 54.8% | -43.44% | 49.56% | 0.32% | 74.64% | 1472.01% |
| Net Income | 14.09M | -11.81M | -724K | 7.81M | 7.98M | 3.03M | 8.03M | 3.28M | 8.8M | 19.43M |
| Depreciation & Amortization | 913K | 4.64M | 8.41M | 7.94M | 8.94M | 14.95M | 18.72M | 16.91M | 15.46M | 14.83M |
| Stock-Based Compensation | 5.48M | 8.95M | 9.64M | 9.55M | 11.53M | 13.35M | 10.46M | 12.62M | 16.81M | 15.04M |
| Deferred Taxes | -11.06M | 3.64M | -3.77M | 1.9M | 105K | -3.89M | -5.5M | -10.43M | -9.58M | -8.87M |
| Other Non-Cash Items | 1.61M | 2.09M | 338K | 199K | 6.72M | 2.15M | 8.88M | 7.91M | 10.52M | 6.92M |
| Working Capital Changes | -582K | -1.88M | 362K | -3.29M | 2.06M | -8.46M | -9.01M | 1.4M | 13.34M | 18.7M |
| Change in Receivables | -2.1M | -5.67M | 1.56M | -361K | -813K | -10.81M | 4.32M | 5.09M | -208K | 6.73M |
| Change in Inventory | 1.2M | 1.81M | -2.35M | -6.34M | 2.68M | -1.68M | 0 | 0 | 0 | 0 |
| Change in Payables | 593K | 309K | 28K | 277K | -1.59M | 2.18M | 2.54M | -450K | -3.37M | -27K |
| Cash from Investing | -7.78M | -8.42M | -10.51M | -24.71M | -170.49M | 1.7M | -6.78M | 28.75M | 5.83M | 29.41M |
| Capital Expenditures | -488K | -4.31M | -1.06M | -803K | -1.39M | -1.13M | -1.03M | -1.44M | -1.16M | -2.25M |
| CapEx % of Revenue | 1.08% | 6.78% | 1.26% | 0.79% | 1.16% | 0.78% | 0.6% | 0.84% | 0.64% | - |
| Acquisitions | 0 | -29.74M | 29K | 103K | -12.55M | -122.67M | -267K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -7.29M | 25.63M | -29K | -103K | 0 | 0 | 0 | -301K | 0 | 31K |
| Cash from Financing | 687K | -429K | 4.38M | 3.4M | 143.68M | -21.14M | 1.7M | -25.88M | -1.85M | -10.23M |
| Debt Issued (Net) | 0 | -270K | -168K | 74K | 155.41M | -36K | -36K | 1.34M | 1.19M | 1.24M |
| Equity Issued (Net) | 687K | 1000K | 0 | -1000K | -190K | -1000K | 1000K | -1000K | -1000K | -41K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -1M | -190K | -15.18M | 0 | -24.18M | -4.74M | -11.48M |
| Other Financing | 0 | -1.28M | 4.55M | 4.33M | -11.54M | -5.93M | 0 | -3.04M | 0 | -11.43M |
| Net Change in Cash | 3.28M▲ 0% | -3.26M▼ 199.5% | 7.72M▲ 336.7% | 3.24M▼ 58.1% | 10.33M▲ 218.9% | 1.75M▼ 83.1% | 26.85M▲ 1437.1% | 34.54M▲ 28.6% | 60.7M▲ 75.7% | 84.5M▲ 0% |
| Free Cash Flow | 9.96M▲ 0% | 1.32M▼ 86.8% | 13.19M▲ 899.8% | 23.32M▲ 76.8% | 35.95M▲ 54.2% | 25.23M▼ 29.8% | 30.55M▲ 21.1% | 30.25M▼ 1.0% | 54.19M▲ 79.1% | 60.55M▲ 0% |
| FCF Margin % | 21.94% | 2.08% | 15.59% | 23.02% | 30.01% | 17.42% | 17.71% | 17.58% | 30.15% | 32.43% |
| FCF Growth % | 30.94% | -86.75% | 899.77% | 76.83% | 54.18% | -29.84% | 21.12% | -0.99% | 79.12% | 50.67% |
| FCF per Share | 0.28 | 0.04 | 0.34 | 0.55 | 0.80 | 0.55 | 0.66 | 0.64 | 1.15 | 1.15 |
| FCF Conversion (FCF/Net Income) | 0.74x | -0.48x | -19.68x | 3.09x | 4.68x | 5.72x | 3.93x | 9.67x | 6.29x | 3.12x |
| Interest Paid | 0 | 29K | 0 | 0 | 569K | 1.16M | 1.41M | 1.27M | 1.16M | 0 |
| Taxes Paid | 113K | 402K | 310K | 0 | 741K | 750K | 3.84M | 11.99M | 9.09M | -690K |
MITK Key Ratios
Mitek Systems, Inc. (MITK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 27.93% | -15.06% | -0.71% | 6.52% | 4.9% | 2.03% | 4.28% | 1.56% | 3.87% | 8.32% |
| Return on Invested Capital (ROIC) | 5.22% | -8.6% | 1.3% | 6.3% | 4.82% | 3.23% | 4.16% | 0.6% | 5.1% | 5.1% |
| Gross Margin | 91.1% | 86.33% | 85.5% | 86.98% | 87.86% | 86.18% | 86.7% | 99.82% | 76.17% | 77.08% |
| Net Margin | 31.05% | -18.58% | -0.86% | 7.71% | 6.66% | 2.55% | 4.65% | 1.9% | 4.9% | 10.41% |
| Debt / Equity | - | 0.01x | 0.01x | 0.06x | 0.67x | 0.80x | 0.69x | 0.70x | 0.66x | 0.66x |
| Interest Coverage | - | - | - | - | 2.59x | 1.48x | 1.72x | 0.24x | 1.80x | 2.41x |
| FCF Conversion | 0.74x | -0.48x | -19.68x | 3.09x | 4.68x | 5.72x | 3.93x | 9.67x | 6.29x | 3.12x |
| Revenue Growth | 30.8% | 40.03% | 33.09% | 19.77% | 18.25% | 20.87% | 19.16% | -0.27% | 4.42% | 8.27% |
MITK SEC Filings & Documents
Mitek Systems, Inc. (MITK) SEC filings — annual & quarterly reports (10-K, 10-Q)
MITK Frequently Asked Questions
Mitek Systems, Inc. (MITK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Mitek Systems, Inc. (MITK) reported $186.7M in revenue for fiscal year 2025. This represents a 2177% increase from $8.2M in 1996.
Mitek Systems, Inc. (MITK) grew revenue by 4.4% over the past year. Growth has been modest.
Yes, Mitek Systems, Inc. (MITK) is profitable, generating $19.4M in net income for fiscal year 2025 (4.9% net margin).
Dividend & Returns
Mitek Systems, Inc. (MITK) has a return on equity (ROE) of 3.9%. This is below average, suggesting room for improvement.
Mitek Systems, Inc. (MITK) generated $60.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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