Mitek Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Mitek Systems
MITK Stock  USD 10.25  0.21  2.01%   
Analyzing historical trends in various income statement and balance sheet accounts from Mitek Systems' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Mitek Systems' valuation are summarized below:
Gross Profit
152.9 M
Profit Margin
0.049
Market Capitalization
485.8 M
Enterprise Value Revenue
2.4929
Revenue
179.7 M
There are currently one hundred twenty fundamental ratios for Mitek Systems that can be evaluated and compared over time across peers in the industry. We recommend to check Mitek Systems' last-minute fundamental drivers against the all of the trends between 2010 and 2026. Market Cap is expected to rise to about 228.2 M this year. Enterprise Value is expected to rise to about 220.4 M this year

Mitek Systems Total Revenue

216.98 Million

Check Mitek Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mitek Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 21 M, Interest Expense of 8.5 M or Total Revenue of 217 M, as well as many indicators such as Price To Sales Ratio of 2.86, Dividend Yield of 0.0 or PTB Ratio of 2.03. Mitek financial statements analysis is a perfect complement when working with Mitek Systems Valuation or Volatility modules.
  
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Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Mitek Systems Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets554.4 M528 M224.7 M
Slightly volatile
Short and Long Term Debt Total192.6 M183.4 M65.4 M
Slightly volatile
Other Current Liabilities27.8 M26.4 M12.2 M
Slightly volatile
Total Current Liabilities252.4 M240.4 M58 M
Slightly volatile
Total Stockholder Equity290.1 M276.3 M124.7 M
Slightly volatile
Property Plant And Equipment Net6 M5.7 M4.4 M
Slightly volatile
Non Current Assets Total254.3 M242.2 M111.7 M
Slightly volatile
Net Receivables59.8 M56.9 M23.5 M
Slightly volatile
Common Stock Shares Outstanding56.7 M54 M38 M
Slightly volatile
Liabilities And Stockholders Equity554.4 M528 M224.7 M
Slightly volatile
Non Current Liabilities Total21.5 M11.3 M42.5 M
Slightly volatile
Other Current Assets7.2 M6.9 M3 M
Slightly volatile
Other Stockholder Equity321 M305.7 M150 M
Slightly volatile
Total Liabilities264.3 M251.7 M99.9 M
Slightly volatile
Property Plant And Equipment Gross13.6 M12.9 M6.5 M
Slightly volatile
Total Current Assets300.1 M285.8 M113 M
Slightly volatile
Short Term Debt184.9 M176.1 M32.3 M
Slightly volatile
Accounts Payable4.7 M4.5 M3.4 M
Slightly volatile
Cash186.1 M177.3 M49.4 M
Slightly volatile
Non Currrent Assets Other2.9 M2.6 M5.3 M
Pretty Stable
Cash And Short Term Investments233.1 M222 M86 M
Slightly volatile
Other Liabilities72.5 M69.1 M27.8 M
Slightly volatile
Other Assets78.5 M74.8 M32.1 M
Slightly volatile
Common Stock Total Equity26.4 K50.6 K36.1 K
Slightly volatile
Common Stock30 K52.9 K36.7 K
Slightly volatile
Property Plant Equipment13 M12.3 M6 M
Slightly volatile
Current Deferred Revenue35.1 M33.4 M11.5 M
Slightly volatile
Net Tangible Assets123 M117.1 M64.7 M
Slightly volatile
Short Term Investments39.6 M44.7 M36.7 M
Slightly volatile
Capital Surpluse241.4 M229.9 M136.5 M
Slightly volatile
Non Current Liabilities Other7.7 M7.3 M2.8 M
Slightly volatile
Net Invested Capital256.7 M451.3 M186.9 M
Slightly volatile
Net Working Capital88.9 M45.4 M65.3 M
Slightly volatile
Short and Long Term Debt183.8 M175 M75 M
Slightly volatile
Capital Stock47.4 K52.9 K41.8 K
Slightly volatile
Capital Lease Obligations4.6 M2.7 M6.3 M
Slightly volatile

Mitek Systems Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization21 M20 M9.1 M
Slightly volatile
Total Revenue217 M206.6 M95.4 M
Slightly volatile
Gross Profit165.3 M157.4 M80.2 M
Slightly volatile
Other Operating Expenses195.7 M186.4 M91.6 M
Slightly volatile
Cost Of Revenue51.7 M49.3 M15.2 M
Slightly volatile
Total Operating Expenses144 M137.1 M76.1 M
Slightly volatile
Research Development42.6 M40.6 M20.1 M
Slightly volatile
Selling General Administrative53.5 M51 M26.2 M
Slightly volatile
Selling And Marketing Expenses35.5 M37.4 M137.4 M
Slightly volatile
Interest Income73.2 K82.3 K89.8 K
Slightly volatile
Reconciled Depreciation11.8 M17.8 M7.8 M
Slightly volatile

Mitek Systems Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation18.7 M17.8 M8 M
Slightly volatile
Other Non Cash Items12.7 M12.1 M4.2 M
Slightly volatile
End Period Cash Flow186.1 M177.3 M49.4 M
Slightly volatile
Begin Period Cash Flow112.8 M107.5 M32.3 M
Slightly volatile
Change To Liabilities1.5 M2.5 M1.8 M
Pretty Stable
Stock Based Compensation20.3 M19.3 M9.1 M
Slightly volatile
Issuance Of Capital Stock4.2 M5.5 M3.1 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.862.244.4827
Slightly volatile
PTB Ratio2.032.143.7169
Slightly volatile
Days Sales Outstanding10111680.6032
Slightly volatile
Book Value Per Share4.974.732.7962
Slightly volatile
Average Payables908.1 K1.6 M1.3 M
Slightly volatile
Stock Based Compensation To Revenue0.120.110.1213
Slightly volatile
Capex To Depreciation0.06390.06720.5331
Slightly volatile
PB Ratio2.032.143.7169
Slightly volatile
EV To Sales2.842.264.4243
Slightly volatile
Inventory Turnover8.559.08.4547
Slightly volatile
Days Of Inventory On Hand48.7141.9647.588
Slightly volatile
Payables Turnover13.3512.714.4243
Slightly volatile
Sales General And Administrative To Revenue0.470.280.3218
Slightly volatile
Average Inventory139.7 K133.1 K142.7 K
Slightly volatile
Research And Ddevelopement To Revenue0.320.230.2667
Slightly volatile
Capex To Revenue0.0070.00740.0184
Slightly volatile
Cash Per Share3.993.81.8976
Slightly volatile
Days Payables Outstanding28.2329.71636
Pretty Stable
Intangibles To Total Assets0.220.340.2848
Slightly volatile
Current Ratio1.021.073.3705
Slightly volatile
Receivables Turnover4.063.275.1849
Slightly volatile
Graham Number4.514.292.9275
Slightly volatile
Shareholders Equity Per Share4.974.732.7953
Slightly volatile
Debt To Equity0.920.760.6298
Pretty Stable
Capex Per Share0.01560.02270.0265
Very volatile
Average Receivables4.2 M4 M3.8 M
Slightly volatile
Revenue Per Share3.713.542.2949
Slightly volatile
Interest Debt Per Share3.53.331.4825
Slightly volatile
Debt To Assets0.310.40.1851
Slightly volatile
Short Term Coverage Ratios0.310.33101
Pretty Stable
Operating Cycle137116100
Pretty Stable
Price Book Value Ratio2.032.143.7169
Slightly volatile
Days Of Payables Outstanding28.2329.71636
Pretty Stable
Company Equity Multiplier2.462.21.9344
Pretty Stable
Long Term Debt To Capitalization0.01790.01880.1264
Pretty Stable
Total Debt To Capitalization0.460.3990.2323
Slightly volatile
Debt Equity Ratio0.920.760.6298
Pretty Stable
Quick Ratio1.021.073.3307
Slightly volatile
Cash Ratio0.780.661.132
Pretty Stable
Days Of Inventory Outstanding48.7141.9647.588
Slightly volatile
Days Of Sales Outstanding10111680.6032
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.21.131.1078
Pretty Stable
Cash Flow Coverage Ratios0.30.314.5945
Slightly volatile
Price To Book Ratio2.032.143.7169
Slightly volatile
Fixed Asset Turnover30.232.7526.7724
Very volatile
Debt Ratio0.310.40.1851
Slightly volatile
Cash Flow To Debt Ratio0.30.314.5945
Slightly volatile
Price Sales Ratio2.862.244.4827
Slightly volatile
Asset Turnover0.430.450.5642
Slightly volatile
Gross Profit Margin0.580.690.8163
Very volatile
Price Fair Value2.032.143.7169
Slightly volatile

Mitek Systems Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap228.2 M217.4 M196.9 M
Slightly volatile
Enterprise Value220.4 M209.9 M188.7 M
Slightly volatile

Mitek Fundamental Market Drivers

Forward Price Earnings9.7943
Cash And Short Term Investments193 M

Mitek Upcoming Events

3rd of September 2024
Upcoming Quarterly Report
View
12th of September 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
4th of July 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2022
Last Financial Announcement
View

About Mitek Systems Financial Statements

Mitek Systems investors utilize fundamental indicators, such as revenue or net income, to predict how Mitek Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue33.4 M35.1 M
Total Revenue206.6 M217 M
Cost Of Revenue49.3 M51.7 M
Stock Based Compensation To Revenue 0.11  0.12 
Sales General And Administrative To Revenue 0.28  0.47 
Research And Ddevelopement To Revenue 0.23  0.32 
Capex To Revenue 0.01  0.01 
Revenue Per Share 3.54  3.71 
Ebit Per Revenue 0.09  0.09 

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
How To Invest In Mitek
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Is Mitek Stock a good investment?
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What is Mitek Systems' Net Worth?
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Largest Application Software Companies
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Largest Software - Application Companies
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Check out the analysis of Mitek Systems Correlation against competitors.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mitek Systems. If investors know Mitek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mitek Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.78)
Earnings Share
0.19
Revenue Per Share
3.931
Quarterly Revenue Growth
0.036
Return On Assets
0.0253
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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