Mitek Systems, Inc. (MITK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 156.5M | 239.1M | 248.49M | 225.86M | 203.91M | 176.84M | 185.05M | 195.68M | 201.62M | 185.96M | 190.01M | 178.23M | 160.2M | 140.69M | 137.85M | 112.09M | 94.51M | 188.34M | 204.06M | 205.19M |
| Cash & Short-Term Investments | 77.59M | 190.07M | 193.01M | 167.07M | 136.17M | 121.21M | 130.34M | 123.07M | 123.93M | 123.91M | 133.61M | 128.14M | 109.76M | 101.93M | 90.33M | 71.07M | 61.89M | 161.97M | 179.37M | 178.85M |
| Cash Only | 69.19M | 175.12M | 154.15M | 127.12M | 104.7M | 90.62M | 93.46M | 84.35M | 80.94M | 64.54M | 58.91M | 87.49M | 83.05M | 57.12M | 32.06M | 21.54M | 23.98M | 24.21M | 30.31M | 40.55M |
| Short-Term Investments | 8.4M | 14.95M | 38.86M | 39.95M | 31.47M | 30.59M | 36.88M | 38.72M | 42.99M | 59.37M | 74.7M | 40.65M | 26.71M | 44.81M | 58.27M | 49.53M | 37.91M | 137.75M | 149.06M | 138.3M |
| Accounts Receivable | 71.93M | 43.63M | 49.5M | 52.39M | 61.7M | 47.94M | 47.5M | 58.41M | 67.2M | 52.57M | 50.49M | 45.04M | 44.81M | 33.72M | 42.96M | 34.74M | 28.36M | 21.34M | 20.68M | 22.19M |
| Days Sales Outstanding | 94.83 | 96.83 | 104.66 | 113.52 | 95.01 | 117.84 | 112.72 | 127.08 | 116.03 | 128.42 | 116.69 | 94.91 | 76.61 | 77.18 | 95.51 | 73.26 | 66.74 | 59.52 | 59.28 | 57.17 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 4.04M | 3.26M | 2.94M | 2.74M | 2.55M | 2.64M | 2.7M | 2.68M | 2.71M | 2.57M | 2.4M | 2.83M | 2.85M | 2.77M | 2.62M | 3.19M | 1.85M | 2.5M | 2.08M | 2.16M |
| Total Non-Current Assets | 200.44M | 207.35M | 210.62M | 220.85M | 221.43M | 219.12M | 228.7M | 213.54M | 215.41M | 219.43M | 215.37M | 239.25M | 241.76M | 244.92M | 226.63M | 262.51M | 290.65M | 214.66M | 215.64M | 217.2M |
| Property, Plant & Equipment | 6.67M | 5.8M | 4.94M | 4.59M | 4.79M | 5.07M | 7.23M | 5.45M | 6.02M | 6.53M | 6.97M | 7.34M | 7.78M | 8.4M | 8.65M | 9.29M | 10.04M | 10.22M | 10.73M | 11.2M |
| Fixed Asset Turnover | 8.80x | 8.24x | 9.40x | 9.74x | 10.53x | 6.06x | 6.82x | 7.85x | 7.48x | 5.47x | 5.26x | 5.70x | 5.70x | 5.36x | 4.17x | 4.06x | 3.31x | 3.10x | 3.04x | 3.26x |
| Goodwill | 131.44M | 133.4M | 133.46M | 134.68M | 128.05M | 124.91M | 131.57M | 126.27M | 126.39M | 127.66M | 123.55M | 131.53M | 130.15M | 128.18M | 115.63M | 127.99M | 136.89M | 62.3M | 63.1M | 67.05M |
| Intangible Assets | 32.67M | 36.47M | 39.8M | 43.81M | 45.14M | 47.6M | 54.14M | 55.16M | 58.85M | 63.17M | 64.67M | 70.41M | 73.45M | 76.6M | 75.76M | 85.74M | 96.36M | 26.29M | 28.73M | 28.56M |
| Long-Term Investments | 1.45M | 1.71M | 3.46M | 8.3M | 16.21M | 16.67M | 11.41M | 10.16M | 6.34M | 0 | 1.3M | 2.81M | 4.77M | 5.67M | 10.63M | 19.53M | 31.49M | 56.26M | 48.05M | 36.64M |
| Other Non-Current Assets | 3.77M | 5M | 3.62M | 3.2M | 3.76M | 5.6M | 5.21M | 3.24M | 4.3M | 8.67M | 7.23M | 8.58M | 8.48M | 12.31M | 5.85M | 6.96M | 5.29M | 48.92M | 54.52M | 59.98M |
| Total Assets | 356.94M | 446.45M | 459.11M | 446.71M | 425.34M | 395.96M | 413.75M | 409.23M | 417.03M | 405.39M | 405.38M | 417.48M | 401.97M | 385.61M | 364.48M | 374.6M | 385.16M | 403M | 419.69M | 422.4M |
| Asset Turnover | 0.14x | 0.10x | 0.10x | 0.10x | 0.13x | 0.09x | 0.11x | 0.11x | 0.11x | 0.09x | 0.09x | 0.11x | 0.12x | 0.12x | 0.10x | 0.10x | 0.09x | 0.08x | 0.08x | 0.08x |
| Asset Growth % | -16.08% | 12.75% | 10.96% | 9.16% | 1.99% | -2.33% | 2.07% | -1.98% | 3.75% | 5.13% | 11.22% | 11.45% | 4.36% | -4.31% | -13.16% | -11.32% | 8.25% | 127.64% | 148.11% | 168.65% |
| Total Current Liabilities | 59.94M | 203.11M | 209.03M | 198.8M | 195.56M | 38.55M | 42.15M | 43.91M | 47.26M | 39.6M | 51.5M | 53.69M | 45.31M | 42.35M | 48.46M | 43.79M | 39.53M | 32.77M | 39.21M | 37.6M |
| Accounts Payable | 3.98M | 5.06M | 3.87M | 3.55M | 3.49M | 4.98M | 7.24M | 6.28M | 9.06M | 10.17M | 7.59M | 7.73M | 5.45M | 6.08M | 4.97M | 3.98M | 5.36M | 2.57M | 2.51M | 2.64M |
| Days Payables Outstanding | 12.32K | 48.87 | 46.87 | 45.63 | 58.37 | 94.56 | 100.83 | 107.61 | 140.75 | 147.61 | 112.37 | 105.04 | 87.99 | 100.31 | 47.02 | 73.47 | 80.17 | 51.28 | 73.94 | 73.59 |
| Short-Term Debt | 3.39M | 154.46M | 152.22M | 150M | 147.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 36.06M | 25.21M | 29.06M | 25.93M | 29.32M | 21.69M | 21.23M | 23.75M | 25.73M | 18.33M | 17.36M | 12.79M | 11.97M | 12.74M | 21.35M | 13.22M | 9.7M | 8.17M | 10.38M | 11.9M |
| Other Current Liabilities | 1.66M | 6.58M | 5.81M | 4.55M | 3.25M | 912K | 2.13M | 1.58M | 1.32M | 1.82M | 9.43M | 9.53M | 7.4M | 7.69M | 8.32M | 6.84M | 14.26M | 12.86M | 12.12M | 11.61M |
| Current Ratio | 2.61x | 1.18x | 1.19x | 1.14x | 1.04x | 4.59x | 4.39x | 4.46x | 4.27x | 4.70x | 3.69x | 3.32x | 3.54x | 3.32x | 2.84x | 2.56x | 2.39x | 5.75x | 5.20x | 5.46x |
| Quick Ratio | 2.61x | 1.18x | 1.19x | 1.14x | 1.04x | 4.59x | 4.39x | 4.46x | 4.27x | 4.70x | 3.69x | 3.32x | 3.54x | 3.32x | 2.84x | 2.56x | 2.39x | 5.75x | 5.20x | 5.46x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 57.53M | 9.69M | 9.82M | 10.32M | 9.57M | 156.5M | 156.81M | 155.68M | 153.62M | 151.99M | 148.69M | 156.15M | 153.63M | 152.05M | 145.04M | 153.49M | 159.26M | 182.8M | 187.65M | 196.27M |
| Long-Term Debt | 47.5M | 0 | 0 | 0 | 0 | 145.71M | 143.6M | 141.53M | 139.49M | 137.49M | 135.52M | 133.58M | 131.67M | 129.81M | 127.97M | 126.16M | 124.37M | 122.63M | 120.92M | 119.63M |
| Capital Lease Obligations | 1.62M | 1.86M | 2.08M | 2.06M | 2.17M | 2.32M | 4.23M | 2.41M | 2.59M | 2.79M | 2.87M | 2.97M | 3.49M | 3.89M | 4.11M | 4.78M | 5.49M | 6M | 6.59M | 7.18M |
| Deferred Tax Liabilities | 290K | 295K | 295K | 2.89M | 2.72M | 3.64M | 3.89M | 6.7M | 6.69M | 6.76M | 6.48M | 15.97M | 15.67M | 15.34M | 9.58M | 19.23M | 22.1M | 4.02M | 4.12M | 7.98M |
| Other Non-Current Liabilities | 6.62M | 6.79M | 6.36M | 4.52M | 4.3M | 4.14M | 4.33M | 3.79M | 3.83M | 3.91M | 2.87M | 1.57M | 1.59M | 1.76M | 1.61M | 1.92M | 6.25M | 49.5M | 55.08M | 60.87M |
| Total Liabilities | 117.47M | 212.8M | 218.85M | 209.12M | 205.13M | 195.04M | 198.95M | 199.59M | 200.88M | 191.59M | 200.19M | 209.83M | 198.94M | 194.41M | 193.5M | 197.28M | 198.79M | 215.57M | 226.86M | 233.87M |
| Total Debt | 52.52M | 157.23M | 155.19M | 152.73M | 150.7M | 148.66M | 148.64M | 144.69M | 143.25M | 141.85M | 140.28M | 138.67M | 137.18M | 135.81M | 134.19M | 132.84M | 131.8M | 130.61M | 129.45M | 128.74M |
| Net Debt | -16.67M | -17.89M | 1.03M | 25.6M | 46M | 58.05M | 55.18M | 60.34M | 62.31M | 77.31M | 81.37M | 51.18M | 54.13M | 78.69M | 102.13M | 111.29M | 107.81M | 106.39M | 99.14M | 88.19M |
| Debt / Equity | 0.22x | 0.67x | 0.65x | 0.64x | 0.68x | 0.74x | 0.69x | 0.69x | 0.66x | 0.66x | 0.68x | 0.67x | 0.68x | 0.71x | 0.78x | 0.75x | 0.71x | 0.70x | 0.67x | 0.68x |
| Debt / EBITDA | 2.92x | 17.32x | 19.02x | 19.58x | 9.84x | 152.01x | 12.60x | 28.80x | 28.67x | - | 143.88x | 21.42x | 10.06x | 10.29x | 24.53x | 21.95x | 24.86x | 17.92x | 19.89x | 16.79x |
| Net Debt / EBITDA | -0.93x | -1.97x | 0.13x | 3.28x | 3.00x | 59.35x | 4.68x | 12.01x | 12.47x | - | 83.46x | 7.90x | 3.97x | 5.96x | 18.67x | 18.39x | 20.34x | 14.60x | 15.23x | 11.50x |
| Interest Coverage | 9.34x | 2.73x | 2.32x | 2.27x | 5.18x | -1.05x | 4.05x | 0.93x | 0.82x | -2.33x | -0.49x | 1.15x | 4.23x | 4.08x | 0.19x | 0.47x | 1.20x | 2.47x | 2.54x | 2.48x |
| Total Equity | 239.47M | 233.66M | 240.26M | 237.59M | 220.21M | 200.92M | 214.8M | 209.64M | 216.15M | 213.8M | 205.19M | 207.64M | 203.03M | 191.21M | 170.98M | 177.32M | 186.37M | 187.43M | 192.83M | 188.52M |
| Equity Growth % | 8.74% | 16.29% | 11.85% | 13.34% | 1.88% | -6.02% | 4.69% | 0.96% | 6.46% | 11.82% | 20.01% | 17.1% | 8.94% | 2.02% | -11.33% | -5.95% | 11.11% | 32.22% | 45.81% | 57.92% |
| Book Value per Share | 4.93 | 4.95 | 5.08 | 5.07 | 4.72 | 4.45 | 4.61 | 4.34 | 4.50 | 4.62 | 4.46 | 4.51 | 4.43 | 4.19 | 3.77 | 3.92 | 4.04 | 4.06 | 4.17 | 4.17 |
| Total Shareholders' Equity | 239.47M | 233.66M | 240.26M | 237.59M | 220.21M | 200.92M | 214.8M | 209.64M | 216.15M | 213.8M | 205.19M | 207.64M | 203.03M | 191.21M | 170.98M | 177.32M | 186.37M | 187.43M | 192.83M | 188.52M |
| Common Stock | 45K | 45K | 46K | 46K | 46K | 45K | 45K | 46K | 47K | 47K | 46K | 45K | 45K | 45K | 44K | 44K | 44K | 44K | 44K | 44K |
| Retained Earnings | -31.69M | -33.43M | -26.21M | -26.59M | -28.99M | -38.15M | -30.27M | -24.65M | -14.82M | -15.11M | -9.31M | -8.53M | -8.1M | -13.27M | -17.34M | -16.08M | -16M | -13.23M | -6.07M | -7.82M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -140K | 0 |
| Accumulated OCI | -2.53M | 474K | 586K | 2.34M | -7.95M | -12.95M | -2.3M | -9.87M | -9.6M | -7.59M | -14.24M | -9.5M | -11.85M | -15.16M | -28.22M | -17.86M | -5.17M | -2.48M | -943K | 361K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |