Mitek Systems, Inc. MITK R2K
Technology · Software - Application · United States
Mitek Systems, Inc. provides digital identity verification and fraud prevention solutions worldwide. The company offers Mobile Deposit, a mobile remote deposit capture solution for retail financial institutions, brokerages, and prepaid card providers; Check Fraud Defender, a cloud-hosted fraud mitigation service; Mitek Verified Identity Platform, an end-to-end identity verification solution; Mobile Verify, an omnichannel identity document verification engine; MiSnap, a software development kit that replaces manual image capture with auto-capture; CheckReader, which enables financial institutions to automatically extract data from checks once they have been scanned or photographed by the application; and Check Intelligence, a check fraud solution. It also provides IDLive Face, a passive face liveness detection; IDLive Doc, a document liveness detection; and IDLive Voice, an anti-spoofing voice liveness. The company was incorporated in 1986 and is based in San Diego, California.
READ MORE ›$17.18
+82.96% 1Y
Market & Price
Market Cap
$775.83M
Current Price
$17.18
High / Low (52W)
$17.19 / $8.65
Beta
0.95
Valuation
Stock P/E
50.53
Industry PE
32.74
Forward P/E
14.15
PEG Ratio
1.38
Book Value
$5.34
Price to Book
3.22
P/S
4.09
EV/EBITDA
17.98
Dividend Yield
-
Profitability & Returns
ROCE
8.55%
ROE
7.21%
ROA
4.48%
Profit Margin
8.74%
Op Margin
24.71%
EPS (Latest Qtr)
$0.20
EPS (TTM)
$0.34
Balance Sheet & Liquidity
Debt/Equity
0.24
Quick Ratio
2.50
Current Ratio
2.61
Debt
$57.12M
Total Assets
$459.11M
Current Assets
$248.49M
Working Capital
$39.46M
Ownership
Promoter Holding
2.90%
Chg in Prom Hold
-
FII / Inst Holding
85.09%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$755.36M
Total Revenue (TTM)
$189.59M
EBITDA
$42.00M
Free Cash Flow
$46.59M
Operating Cash Flow
$48.10M
Shares Outstanding
45.16M
Gross Margin
83.50%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
7.46%
Profit 5Y
33.54%
Revenue (YoY)
5.60%
Earnings (YoY)
0.00%
PROS
- Profit CAGR of 33.5% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 50.5.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MITK Mitek Systems, Inc. R2K | 17.18 | 50.53 | $775.83M | - | 8.55% | 7.21% | 7.46% | 33.54% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 9.27M | 11.42M | 11.80M | 12.90M | 12.14M | 14.28M | 16.11M | 21.04M | 17.68M | 19.98M | 21.91M | 25.02M | 22.07M | 23.19M | 25.41M | 30.64M | 25.98M | 28.77M | 31.78M | 33.27M | 32.47M | 33.51M | 39.20M | 39.63M | 45.70M | 46.12M | 43.07M | 37.66M | 36.92M | 46.97M | 44.98M | - | 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 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.00M | 34.90M | 32.80M | 29.88M | 32.73M |
| Operating Income | 631.00K | 694.00K | 841.00K | -672.00K | 1.22M | 484.00K | 1.73M | -2.31M | -1.26M | -2.86M | -1.37M | -4.56M | -1.65M | -2.91M | 4.53M | 299.00K | 1.06M | 1.43M | 6.07M | 1.54M | 2.38M | 5.43M | 3.92M | 4.83M | 2.68M | 893.00K | 3.80M | 8.37M | 8.69M | 1.79M | -3.29M | -6.92M | 698.00K | 734.00K | - | 11.39M | 3.81M | 4.69M | 5.96M | 13.55M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.42M | 9.61M | 9.28M | 10.58M | 17.94M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.41M | 2.47M | 2.50M | 2.54M | 1.45M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.07M | 3.15M | 3.31M | 4.40M | 12.74M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 916.00K | 749.00K | 1.45M | 1.63M | 3.20M |
| Net Income | 582.00K | 739.00K | 960.00K | -607.00K | 1.22M | 616.00K | 12.87M | -5.74M | -1.16M | -2.78M | -2.13M | -3.19M | -716.00K | -99.00K | 3.28M | 561.00K | 909.00K | 1.35M | 5.00M | 2.17M | 1.02M | 2.98M | 1.81M | 3.12M | 435.00K | -215.00K | 351.00K | 4.73M | 5.17M | -428.00K | -1.44M | -5.79M | 282.00K | 216.00K | - | 9.15M | 2.40M | 1.86M | 2.77M | 9.54M |
| Diluted EPS | 0.02 | 0.02 | 0.03 | -0.02 | 0.03 | 0.02 | 0.35 | -0.17 | -0.03 | -0.08 | -0.06 | -0.08 | -0.02 | 0.00 | 0.08 | 0.01 | 0.02 | 0.03 | 0.12 | 0.05 | 0.02 | 0.07 | 0.04 | 0.07 | 0.01 | 0.00 | 0.01 | 0.10 | 0.11 | -0.01 | -0.03 | -0.13 | 0.01 | 0.00 | -0.10 | 0.20 | 0.05 | - | 0.06 | 0.20 |
| R&D Expense | 1.81M | 1.94M | - | 2.45M | 2.40M | 2.65M | - | 3.28M | 3.50M | 4.16M | - | 4.49M | 5.29M | 4.66M | - | 5.29M | 5.58M | 5.89M | - | 6.17M | 6.69M | 6.95M | - | 6.41M | 7.09M | 8.41M | - | 7.67M | 7.37M | 7.46M | - | 8.87M | 9.71M | 9.98M | 8.32M | 9.77M | 8.96M | - | 7.37M | 7.57M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 34.70M | 45.39M | 63.56M | 84.59M | 101.31M | 119.80M | 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 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 110.80M | 131.92M | 143.69M | 135.27M |
| Operating Income | -383.69K | 256.40K | -7.88M | -7.30M | -5.41M | 1.89M | 1.82M | 2.77M | -7.81M | -4.59M | 8.87M | 13.28M | 14.00M | 17.68M | 3.99M | 17.63M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 27.01M | 38.45M | 25.26M | 36.85M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 8.23M | 9.06M | 9.26M | 9.78M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 3.60M | 10.34M | -909.00K | 11.61M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | -92.00K | 2.31M | -4.19M | 2.81M |
| Net Income | -682.35K | -125.06K | -7.84M | -7.28M | -5.29M | 2.53M | 1.96M | 14.09M | -11.81M | -724.00K | 7.81M | 7.98M | 3.69M | 8.03M | 3.28M | 8.80M |
| Diluted EPS | - | -0.01 | -0.31 | -0.26 | -0.17 | 0.08 | 0.06 | 0.40 | -0.33 | -0.02 | 0.18 | 0.18 | 0.07 | 0.17 | 0.07 | 0.19 |
| R&D Expense | 2.00M | 3.00M | 6.66M | 6.79M | 6.02M | 5.58M | 7.79M | 10.43M | 18.12M | 21.87M | 22.86M | 28.04M | 30.19M | 28.99M | 34.64M | 35.28M |
Compounded Sales Growth
| 5 Years: | 7.46% |
| 1 Year: | 5.60% |
Compounded Profit Growth
| 5 Years: | 33.54% |
| 1 Year: | 0.00% |
Stock Price Performance
| 1 Year: | +82.96% |
| 6 Months: | +90.47% |
| 3 Months: | +17.83% |
| 1 Month: | +26.23% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 3.01M | 19.85M | 16.72M | 32.85M | 31.10M | 38.75M | 48.38M | 71.72M | 127.15M | 135.90M | 169.15M | - | 383.73M | 374.02M | 364.48M | 405.38M | 413.75M | 459.11M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 137.85M | 190.01M | 185.05M | 248.49M |
| Cash & Equivalents | 674.12K | 1.31M | 5.66M | 6.70M | 23.30M | 7.77M | 2.75M | 9.01M | 12.29M | 9.03M | 16.75M | 19.99M | - | 23.98M | 21.54M | 32.06M | 58.91M | 93.46M | 154.15M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.92M | 32.13M | 31.68M | 36.81M |
| Total Liabilities | - | 2.01M | 1.80M | 3.17M | 7.12M | 7.16M | 8.31M | 8.90M | 10.31M | 31.76M | 28.56M | 36.91M | - | 198.84M | 198.31M | 193.50M | 200.19M | 198.95M | 218.85M |
| Current Liabilities | - | 1.29M | 1.77M | 3.10M | 5.82M | 6.21M | 7.40M | 8.33M | 9.53M | 20.41M | 20.05M | 24.36M | - | 40.74M | 44.91M | 48.46M | 51.50M | 42.15M | 209.03M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 120.92M | - | - | 127.97M | 135.52M | 143.60M | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 134.19M | 140.28M | 148.64M | 155.19M |
| Total Equity | 125.77K | 1.00M | 18.06M | 13.56M | 25.73M | 23.94M | 30.43M | 39.48M | 61.41M | 95.39M | 107.33M | 132.24M | - | 184.89M | 175.71M | 170.98M | 205.19M | 214.80M | 240.26M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.68M | 45.59M | 45.00M | 45.64M |
Cash Flows (Annual)
Figures in USD.
| Metric | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -806.06K | 316.17K | -1.78M | -615.06K | - | 6.11M | 7.85M | 10.45M | 5.63M | 14.25M | 24.12M | - | 21.12M | 31.59M | 31.69M | 55.34M |
| Investing Cash Flow | -9.37K | -10.82M | 2.11M | 570.89K | - | -11.34M | -3.29M | -7.78M | -8.42M | -10.51M | -24.71M | - | 1.70M | -6.78M | 28.75M | 5.83M |
| Financing Cash Flow | 1.45M | 14.85M | 717.37K | 16.64M | - | 226.00K | 1.73M | 687.00K | -429.00K | 4.38M | 3.40M | - | -21.14M | 1.70M | -25.88M | -1.85M |
| Capital Expenditure | -9.37K | -204.36K | -339.71K | -1.50M | -135.00K | -73.00K | -250.00K | -488.00K | -4.31M | -1.06M | -803.00K | - | -1.13M | -1.03M | -1.44M | -1.16M |
| Free Cash Flow | -815.43K | 111.81K | -2.12M | -2.11M | - | 6.03M | 7.60M | 9.96M | 1.32M | 13.19M | 23.32M | - | 19.99M | 30.55M | 30.25M | 54.19M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | 1.68M | 26.50M | 34.55M | 59.33M |
| Share Buybacks | - | - | - | - | - | - | - | - | 0 | 0 | 1.00M | 190.00K | 15.18M | 0 | 24.18M | 4.74M |
Ratios (Annual)
Figures in %.
| Metric | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | 86.2% | 86.7% | 85.8% | 85.1% |
| Operating Margin % | - | - | - | - | - | - | 5.3% | 6.1% | -12.3% | -5.4% | 8.8% | 11.1% | 9.7% | 10.2% | 2.3% | 9.8% |
| Net Margin % | - | - | - | - | - | - | 5.6% | 31.0% | -18.6% | -0.9% | 7.7% | 6.7% | 2.6% | 4.7% | 1.9% | 4.9% |
| ROE % | -68.1% | -0.7% | -57.8% | -28.3% | -22.1% | 8.3% | 5.0% | 22.9% | -12.4% | -0.7% | 5.9% | - | 2.2% | 3.9% | 1.5% | 3.7% |
| ROCE % | -22.3% | 1.4% | -57.9% | -27.0% | -21.7% | 6.0% | 4.6% | 4.5% | -7.3% | -4.0% | 6.1% | - | 4.4% | 5.0% | 1.1% | 7.0% |
Shareholding Pattern
Insiders
2.90%
Institutions
85.09%
Public Float
87.63%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.23% | 3.26M | $56.06M |
| 2 | Legal & General Group PLC | 5.70% | 2.58M | $44.25M |
| 3 | Vanguard Capital Management LLC | 4.20% | 1.90M | $32.58M |
| 4 | Invesco Ltd. | 4.19% | 1.89M | $32.54M |
| 5 | Dimensional Fund Advisors LP | 3.73% | 1.69M | $28.96M |
| 6 | Topline Capital Management, LLC | 3.57% | 1.61M | $27.70M |
| 7 | Vanguard Portfolio Management LLC | 3.31% | 1.49M | $25.65M |
| 8 | Impax Asset Management Group plc | 3.17% | 1.43M | $24.63M |
| 9 | Wellington Management Group, LLP | 2.68% | 1.21M | $20.80M |
| 10 | Independent Advisor Alliance | 2.56% | 1.16M | $19.84M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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