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Mitek Systems, Inc.(MITK)Earnings, Financials & Key Ratios
MITK•NASDAQ
$19.29
101.5× P/E·Price updated Jun 27, 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$32M+68.5%
- Net Income$9M+168.3%
- EPS (Diluted)0.19+175.0%
- Gross Margin85.09%-0.9%
- EBITDA Margin17.95%+61.3%
- Operating Margin9.34%+620.7%
- Net Margin4.9%+157.0%
- ROE3.87%+147.7%
MITK Price & Volume
Mitek Systems, Inc. (MITK) stock price & volume — 10-year historical chart
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Operational Volatility Masks Mitek's Margin Resilience
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Operational and reporting volatility
Key Thesis Takeaways
- Mitek Systems exhibits a complex financial profile characterized by robust gross margins consistently exceeding 84% but hampered by inconsistent revenue growth and significant stock-based compensation expenses.
- While the company recently executed a major deleveraging event, reducing debt from $157.2 million to $52.5 million in 2026Q2, investors should remain cautious regarding the sustainability of cash flows given the recent negative $2.5 million free cash flow result.
- Future performance hinges on the firm's ability to stabilize its working capital and translate its high-margin software model into consistent, non-dilutive earnings growth.
Verdict Logic
while the forward P/E of 17.32 suggests a more reasonable valuation, the persistent negative retained earnings of $31.7 million and inconsistent operating cash flow warrant a wait-and-see approach.
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%
TTM6.88%
Profit CAGR
10 Years13.29%
5 Years2.4%
3 Years33.54%
TTM24.27%
EPS CAGR
10 Years9.04%
5 Years1.09%
3 Years33.03%
TTM22.74%
Return on Capital
10 Years2.32%
5 Years3.84%
3 Years3.55%
Last Year5.4%
MITK Recent Earnings
Mitek Systems, Inc. (MITK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.38+46.2%
$0.26
Rev
$55M+4.3%
$53M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.26+42.9%
$0.18
Rev
$44M+4.3%
$42M
Q4 2025
Dec 11, 2025Metric
Actual
Est
EPS
$0.24+33.3%
$0.18
Rev
$45M+9.1%
$41M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.22+22.2%
$0.18
Rev
$46M+11.9%
$41M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.38vs $0.26+46.2% | $55Mvs $53M+4.3% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Mitek Systems, Inc. (MITK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.29 | $871.12M | 101.53 | 4.42% | 4.9% | 3.87% | — | |
| $16.42 | $1.76B | -35.70 | 32.89% | -10.55% | -13.96% | — | |
| $267.72 | $73.23B | 19.58 | 15.63% | 21.91% | 23.29% | — | |
| $1.48 | $3.45M | -0.55 | 1.85% | -250.66% | -134.07% | — | |
| $15.63 | $1.71B | 312.60 | 10.01% | 2.17% | 1.27% | — | |
| $123.27 | $4.34B | 22.66 | 10.13% | 29.41% | 37.15% | — |
Compare MITK vs Peers
Mitek Systems, Inc. (MITK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MITK SEC Filings & Documents
Mitek Systems, Inc. (MITK) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MITK Frequently Asked Questions
Mitek Systems, Inc. (MITK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Mitek Systems, Inc.'s revenue?
Mitek Systems, Inc. (MITK) reported $189.6M in revenue for fiscal year 2025. This represents a 2212% increase from $8.2M in 1996.
How fast is Mitek Systems, Inc. growing?
Mitek Systems, Inc. (MITK) grew revenue by 4.4% over the past year. Growth has been modest.
Is MITK profitable?
Yes, Mitek Systems, Inc. (MITK) is profitable, generating $16.6M in net income for fiscal year 2025 (4.9% net margin).
Dividend & Returns
What is MITK's return on equity?
Mitek Systems, Inc. (MITK) has a return on equity (ROE) of 3.9%. This is below average, suggesting room for improvement.
What is Mitek Systems, Inc.'s free cash flow?
Mitek Systems, Inc. (MITK) generated $44.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.