Mitek Systems, Inc. (MITK) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | -945K | 8.02M | 19.46M | 21.57M | 13.74M | 565K | 21.1M | 12.98M | 7.06M | -9.46M | 3.47M | 16.55M | 6.3M | 5.26M | 10.34M | 6.33M | 7.43M | 2.25M | 12.32M | 8.96M |
| Operating CF Margin % | -1.72% | 18.12% | 43.46% | 47.17% | 26.46% | 1.52% | 48.82% | 28.87% | 15.04% | -25.63% | 9.22% | 38.43% | 13.66% | 11.51% | 27.62% | 16.14% | 22.19% | 6.93% | 37.04% | 28.18% |
| Operating CF Growth % | -106.88% | 1319.12% | -7.78% | 66.12% | 94.55% | 105.97% | 507.6% | -21.55% | 12.11% | -279.9% | -66.41% | 161.61% | -15.25% | 133.67% | -16.12% | -29.35% | 1.42% | -74.22% | 82.67% | -0.57% |
| Net Income | 9.54M | 2.77M | 1.86M | 2.4M | 9.15M | -4.61M | 8.57M | 216K | 282K | -5.79M | -1.44M | -428K | 5.17M | 4.73M | -1.92M | -215K | 435K | 3.12M | 1.81M | 2.98M |
| Depreciation & Amortization | 2.71M | 3.64M | 3.47M | 3.99M | 3.94M | 4.05M | 4.09M | 4.29M | 4.3M | 4.24M | 4.26M | 4.68M | 4.94M | 4.83M | 4.71M | 5.16M | 2.62M | 2.46M | 2.58M | 2.23M |
| Stock-Based Compensation | 5M | 2.69M | 3.57M | 4.42M | 4.35M | 4.46M | 1.72M | 3.58M | 3.89M | 3.43M | 2.67M | 2.64M | 2.7M | 2.44M | 3.23M | 3.69M | 3.3M | 3.13M | 2.95M | 2.87M |
| Deferred Taxes | 456K | 366K | -1.63M | -2.52M | -5.08M | -343K | -8.25M | -328K | -151K | -1.71M | 2.75M | -1.42M | -3.37M | -3.46M | -2.75M | -942K | -415K | -348K | 368K | 201K |
| Other Non-Cash Items | 2.89M | 2.57M | 2.65M | 3.5M | 2M | 2.37M | 1.17M | 2.19M | 2.93M | 1.61M | 1.24M | 4.36M | 2.75M | 2.19M | 2.99M | 2.12M | 967K | 2.23M | 2.86M | 2.39M |
| Working Capital Changes | -21.54M | -4.02M | 9.54M | 9.79M | -623K | -5.37M | 13.79M | 3.04M | -4.18M | -11.24M | -6.01M | 6.71M | -5.9M | -5.47M | 4.08M | -3.48M | 530K | -8.34M | 1.75M | -1.73M |
| Change in Receivables | -28.33M | 5.36M | 2.65M | 10.39M | -11.22M | -2.03M | 9.93M | 9.63M | -11.03M | -3.43M | 4.62M | 3.56M | -11.05M | -5.45M | 892K | -8.22M | -5.17M | -577K | 692K | -3.98M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.06M | 1.18M | 320K | -17K | -1.51M | -2.16M | 908K | -2.78M | -1.1M | 2.52M | -98K | 2.27M | -613K | 980K | 1.04M | -2.62M | 3.69M | 80K | -192K | -350K |
| Cash from Investing | 6.74M | 24.42M | 6.02M | -648K | -380K | 840K | 914K | 448K | 9.49M | 17.89M | -32.41M | -12.11M | 19.13M | 18.6M | -1.37M | -413K | -3.8M | 2.05M | -23.07M | -22.68M |
| Capital Expenditures | -1.55M | -1.43M | -259K | -329K | -232K | -335K | -283K | -431K | -483K | -241K | -378K | -284K | -218K | -154K | -197K | -295K | -339K | -295K | -421K | -306K |
| CapEx % of Revenue | 2.83% | 3.22% | 0.58% | 0.72% | 0.45% | 0.9% | 0.65% | 0.96% | 1.03% | 0.65% | 1% | 0.66% | 0.47% | 0.34% | 0.53% | 0.75% | 1.01% | 0.91% | 1.27% | 0.96% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -267K | 0 | 0 | 0 | -1.29M | 0 | 0 | 0 | 0 | -12.55M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -126.61M | 0 | 0 | 0 |
| Cash from Financing | -111.11M | -11.51M | 1.25M | -2K | 36K | -3.13M | -13.01M | -9.86M | 99K | -3.11M | 386K | 56K | 633K | 626K | 370K | -7.78M | -3.6M | -10.14M | 834K | 211K |
| Debt Issued (Net) | -105.39M | 442K | 1.56M | -46K | -47K | -49K | 288K | 178K | 203K | 671K | 0 | 0 | 0 | -36K | 1.04M | 0 | -19K | -17K | -20K | 107K |
| Equity Issued (Net) | -5.57M | -9.97M | -308K | 268K | 83K | -3.08M | -14.14M | -10.04M | 0 | 0 | 0 | 0 | 0 | 0 | -348K | -1.04M | -4.68M | -10.14M | -190K | 241K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -7.79M | -9.99M | -1.48M | -1K | -1K | -3.26M | -14.14M | -10.04M | 0 | 0 | 0 | 0 | 0 | 0 | -348K | -1.04M | -4.68M | -10.14M | -190K | 0 |
| Other Financing | -148K | -1.98M | 0 | -224K | 0 | 0 | 841K | 6K | -104K | -3.79M | 386K | 56K | 633K | 662K | -323K | -6.74M | 1.1M | 25K | 1.04M | -137K |
| Net Change in Cash | -105.94M | 20.97M | 27.03M | 22.43M | 14.08M | -2.84M | 9.11M | 3.41M | 16.4M | 5.63M | -28.58M | 4.44M | 25.93M | 25.06M | 10.52M | -2.44M | -230K | -6.1M | -10.24M | -13.39M |
| Free Cash Flow | -2.5M | 6.59M | 19.2M | 21.24M | 13.51M | 230K | 20.82M | 12.55M | 6.58M | -9.7M | 3.1M | 16.27M | 6.08M | 5.11M | 10.14M | 6.03M | 7.1M | 1.96M | 11.9M | 8.65M |
| FCF Margin % | -4.55% | 14.9% | 42.88% | 46.45% | 26.02% | 0.62% | 48.17% | 27.91% | 14.01% | -26.29% | 8.22% | 37.77% | 13.19% | 11.17% | 27.1% | 15.39% | 21.18% | 6.02% | 35.78% | 27.22% |
| FCF Growth % | -118.48% | 2766.09% | -7.77% | 69.21% | 105.3% | 102.37% | 572.67% | -22.83% | 8.19% | -290.05% | -69.48% | 169.69% | -14.28% | 161.04% | -14.81% | -30.26% | 0.35% | -76.52% | 84.16% | -2.91% |
| FCF per Share | -0.05 | 0.14 | 0.41 | 0.45 | 0.29 | 0.01 | 0.45 | 0.26 | 0.14 | -0.21 | 0.07 | 0.35 | 0.13 | 0.11 | 0.22 | 0.13 | 0.15 | 0.04 | 0.26 | 0.19 |
| FCF Conversion (FCF/Net Income) | -0.10x | 2.89x | 10.46x | 9.00x | 1.50x | -0.12x | 2.46x | 60.12x | 25.05x | 1.63x | -2.41x | -38.67x | 1.22x | 1.11x | -5.40x | -29.43x | 17.09x | 0.72x | 6.82x | 3.00x |
| Interest Paid | 0 | 0 | 582K | 0 | 0 | 0 | 589K | 103K | 0 | 0 | 584K | 0 | 0 | 0 | 567K | 15K | 0 | 0 | 0 | -172K |
| Taxes Paid | 0 | 80K | 2.02M | 2.11M | 4.26M | 690K | 47K | 3.43M | 671K | 7.84M | 762K | 0 | 1.84M | 213K | -69K | 222K | 427K | 170K | 185K | 183K |