MITK

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Mitek Systems, Inc.

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Key Metrics

Previous Close: $18.88
52-Week Range: $8.53 – $21.05
Market Cap: $835.67M
P/E (TTM): 39.40
EPS (TTM): 0.47
Dividend Yield: —

Advanced Metrics

Price/Book: 3.33
PEG Ratio: 1.38
Return on Equity: 9.23%
Return on Assets: 5.49%
Gross Margin: 83.61%
Operating Margin: 21.36%
Profit Margin: 11.39%
Current Ratio: 2.74
Debt/Equity: 0.22
Total Debt: $56.17M
Free Cash Flow: $50.71M
Revenue Growth: 18.20%
Earnings Growth: 240.00%
Enterprise Value: $792.13M

MITK Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$144.80M	$172.55M	$172.08M	$179.69M
Cost of Revenue	$20.01M	$22.95M	$24.39M	$26.79M
Gross Profit	$124.80M	$149.60M	$147.69M	$152.90M
Research & Development	$30.19M	$28.99M	$34.64M	$35.28M
Selling, General & Admin	$65.43M	$83.89M	$93.76M	$85.85M
Operating Expenses	$110.80M	$131.92M	$143.69M	$135.27M
Operating Income	$14.00M	$17.68M	$3.99M	$17.63M
EBITDA	$27.01M	$38.45M	$25.26M	$36.85M
Pretax Income	$3.60M	$10.34M	-$909.00K	$11.61M
Income Tax	-$92.00K	$2.31M	-$4.19M	$2.81M
Net Income	$3.69M	$8.03M	$3.28M	$8.80M
Diluted EPS	0.07	0.17	0.07	0.19
Diluted Shares	45.78M	46.46M	47.47M	46.93M

MITK Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$32.06M	$58.91M	$93.46M	$154.15M
Receivables	$42.96M	$50.49M	$47.50M	$49.50M
Current Assets	$137.85M	$190.01M	$185.05M	$248.49M
Total Assets	$364.48M	$405.38M	$413.75M	$459.11M
Current Liabilities	$48.46M	$51.50M	$42.15M	$209.03M
Long-Term Debt	$127.97M	$135.52M	$143.60M	—
Total Debt	$134.19M	$140.28M	$148.64M	$155.19M
Total Liabilities	$193.50M	$200.19M	$198.95M	$218.85M
Retained Earnings	-$17.34M	-$9.31M	-$30.27M	-$26.21M
Shareholders' Equity	$170.98M	$205.19M	$214.80M	$240.26M
Working Capital	$89.40M	$138.51M	$142.90M	$39.46M
Net Debt	$95.91M	$76.60M	$50.15M	—

MITK Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$21.12M	$31.59M	$31.69M	$55.34M
Capital Expenditure	-$1.13M	-$1.03M	-$1.44M	-$1.16M
Free Cash Flow	$19.99M	$30.55M	$30.25M	$54.19M
Depreciation & Amortisation	$14.95M	$18.72M	$16.91M	$15.46M
Stock-Based Compensation	$13.35M	$10.46M	$12.62M	$16.81M
Investing Cash Flow	$1.70M	-$6.78M	$28.75M	$5.83M
Financing Cash Flow	-$21.14M	$1.70M	-$25.88M	-$1.85M
Share Repurchases	-$15.18M	$0.00	-$24.18M	-$4.74M
Net Change in Cash	$1.68M	$26.50M	$34.55M	$59.33M

MITK Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$51.93M	$45.73M	$44.78M	$44.24M	$54.84M
Cost of Revenue	$6.53M	$7.02M	$7.29M	$8.41M	$8.56M
Gross Profit	$45.40M	$38.71M	$37.49M	$35.84M	$46.28M
Research & Development	$9.77M	$8.96M	$8.23M	$7.37M	$7.57M
Selling, General & Admin	$20.64M	$22.38M	$21.24M	$19.22M	$21.84M
Operating Expenses	$34.00M	$34.90M	$32.80M	$29.88M	$32.73M
Operating Income	$11.39M	$3.81M	$4.69M	$5.96M	$13.55M
EBITDA	$16.42M	$9.61M	$9.28M	$10.58M	$17.94M
Pretax Income	$10.07M	$3.15M	$3.31M	$4.40M	$12.74M
Income Tax	$916.00K	$749.00K	$1.45M	$1.63M	$3.20M
Net Income	$9.15M	$2.40M	$1.86M	$2.77M	$9.54M
Diluted EPS	0.20	0.05	—	0.06	0.20
Diluted Shares	46.61M	46.85M	—	47.16M	48.53M

MITK Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$104.70M	$127.12M	$154.15M	$175.12M	$69.19M
Receivables	$61.70M	$52.39M	$49.50M	$43.63M	$71.93M
Current Assets	$203.91M	$225.86M	$248.49M	$239.10M	$156.50M
Total Assets	$425.34M	$446.71M	$459.11M	$446.45M	$356.94M
Current Liabilities	$195.56M	$198.80M	$209.03M	$203.11M	$59.94M
Long-Term Debt	—	—	—	—	$47.50M
Total Debt	$150.70M	$152.73M	$155.19M	$157.23M	$52.52M
Total Liabilities	$205.13M	$209.12M	$218.85M	$212.80M	$117.47M
Retained Earnings	-$28.99M	-$26.59M	-$26.21M	-$33.43M	-$31.69M
Shareholders' Equity	$220.21M	$237.59M	$240.26M	$233.66M	$239.47M
Working Capital	$8.35M	$27.06M	$39.46M	$35.99M	$96.56M
Net Debt	$43.13M	$22.88M	—	—	—

MITK Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$13.74M	$21.57M	$19.46M	$8.02M	-$945.00K
Capital Expenditure	-$232.00K	-$329.00K	-$259.00K	-$1.43M	-$1.55M
Free Cash Flow	$13.51M	$21.24M	$19.20M	$6.59M	-$2.50M
Depreciation & Amortisation	$3.94M	$3.99M	$3.47M	$3.64M	$3.75M
Stock-Based Compensation	$4.35M	$4.42M	$3.57M	$2.69M	$5.00M
Investing Cash Flow	-$380.00K	-$648.00K	$6.02M	$24.42M	$6.74M
Financing Cash Flow	$36.00K	-$2.00K	$1.25M	-$11.51M	-$111.11M
Share Repurchases	-$1.00K	-$1.00K	-$1.48M	-$9.99M	-$7.79M
Net Change in Cash	$13.40M	$20.92M	$26.73M	$20.92M	-$105.31M

Market Snapshot

About

Mitek Systems provides digital identity verification and mobile capture solutions. The company offers biometric authentication, document verification, and fraud prevention technologies for financial services and other industries.