Mitek Financial Statements From 2010 to 2025

Stocks . USA . 
Stock . Mitek Systems
MITK Stock  USD 10.48  0.07  0.66%   
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
482.6 M
Enterprise Value Revenue
2.4573
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 2025. 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

188.68 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 18.2 M, Interest Expense of 8.5 M or Total Revenue of 188.7 M, as well as many indicators such as Price To Sales Ratio of 2.86, Dividend Yield of 0.0 or PTB Ratio of 1.77. 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 Assets482.1 M459.1 M201.2 M
Slightly volatile
Short and Long Term Debt Total167.5 M159.5 M56.4 M
Slightly volatile
Other Current Liabilities24.1 M23 M11.1 M
Slightly volatile
Total Current Liabilities219.5 M209 M44.6 M
Slightly volatile
Total Stockholder Equity252.3 M240.3 M112.9 M
Slightly volatile
Property Plant And Equipment Net5.2 M4.9 M4.2 M
Slightly volatile
Non Current Assets Total221.1 M210.6 M101.4 M
Slightly volatile
Net Receivables52 M49.5 M20.9 M
Slightly volatile
Common Stock Shares Outstanding49.3 M46.9 M36.6 M
Slightly volatile
Liabilities And Stockholders Equity482.1 M459.1 M201.2 M
Slightly volatile
Non Current Liabilities Total9.3 M9.8 M43.7 M
Slightly volatile
Other Current Assets6.3 M6 M2.7 M
Slightly volatile
Other Stockholder Equity279.1 M265.8 M137.7 M
Slightly volatile
Total Liabilities229.8 M218.9 M88.3 M
Slightly volatile
Property Plant And Equipment Gross11.8 M11.2 M5.9 M
Slightly volatile
Total Current Assets260.9 M248.5 M99.7 M
Slightly volatile
Short Term Debt160.8 M153.1 M21.8 M
Slightly volatile
Accounts Payable2 M3.9 M3.2 M
Slightly volatile
Cash161.9 M154.2 M39.9 M
Slightly volatile
Non Currrent Assets Other2.9 M2.2 M5.5 M
Pretty Stable
Cash And Short Term Investments202.7 M193 M75.6 M
Slightly volatile
Other Liabilities72.5 M69.1 M25.7 M
Slightly volatile
Other Assets78.5 M74.8 M30.1 M
Slightly volatile
Common Stock Total Equity26.4 K50.6 K35.6 K
Slightly volatile
Common Stock30 K46 K35.7 K
Slightly volatile
Property Plant Equipment13 M12.3 M5.7 M
Slightly volatile
Current Deferred Revenue30.5 M29.1 M9.9 M
Slightly volatile
Net Tangible Assets123 M117.1 M62.4 M
Slightly volatile
Short Term Investments39.6 M38.9 M36.2 M
Slightly volatile
Capital Surpluse241.4 M229.9 M132.5 M
Slightly volatile
Non Current Liabilities Other6.7 M6.4 M2.5 M
Slightly volatile
Net Invested Capital256.7 M392.5 M170.3 M
Slightly volatile
Net Working Capital37.5 M39.5 M63.3 M
Slightly volatile
Short and Long Term Debt183.8 M175 M70.2 M
Slightly volatile
Capital Stock47.4 K46 K41.2 K
Slightly volatile
Capital Lease Obligations4.6 M3 M6.5 M
Slightly volatile

Mitek Systems Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization18.2 M17.4 M8.3 M
Slightly volatile
Total Revenue188.7 M179.7 M86.6 M
Slightly volatile
Gross Profit143.7 M136.9 M74 M
Slightly volatile
Other Operating Expenses170.2 M162.1 M84.1 M
Slightly volatile
Cost Of Revenue45 M42.8 M12.6 M
Slightly volatile
Total Operating Expenses125.2 M119.2 M71.1 M
Slightly volatile
Research Development37 M35.3 M18.5 M
Slightly volatile
Selling General Administrative46.5 M44.3 M24.2 M
Slightly volatile
Selling And Marketing Expenses39.4 M41.5 M143.9 M
Slightly volatile
Interest Income73.2 K82.3 K89.7 K
Slightly volatile
Reconciled Depreciation11.8 M15.5 M7.1 M
Slightly volatile

Mitek Systems Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation16.2 M15.5 M7.3 M
Slightly volatile
Other Non Cash Items11 M10.5 M3.7 M
Slightly volatile
End Period Cash Flow161.9 M154.2 M39.9 M
Slightly volatile
Begin Period Cash Flow98.1 M93.5 M26.6 M
Slightly volatile
Change To Liabilities1.5 M2.5 M1.8 M
Pretty Stable
Stock Based Compensation17.7 M16.8 M8.3 M
Slightly volatile
Issuance Of Capital Stock4.2 M5.5 M3 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.862.48564.6229
Slightly volatile
PTB Ratio1.771.8593.7992
Slightly volatile
Days Sales Outstanding10110178.414
Slightly volatile
Book Value Per Share5.525.25542.7097
Slightly volatile
Average Payables908.1 K1.6 M1.3 M
Slightly volatile
Stock Based Compensation To Revenue0.120.09350.1221
Slightly volatile
Capex To Depreciation0.0710.07470.5626
Slightly volatile
PB Ratio1.771.8593.7992
Slightly volatile
EV To Sales2.842.51534.5596
Slightly volatile
Inventory Turnover8.559.08.3579
Slightly volatile
Days Of Inventory On Hand48.7141.9648.2819
Slightly volatile
Payables Turnover11.6111.05553.7977
Slightly volatile
Sales General And Administrative To Revenue0.470.24670.3244
Slightly volatile
Average Inventory139.7 K133.1 K142.4 K
Slightly volatile
Research And Ddevelopement To Revenue0.320.19640.269
Slightly volatile
Capex To Revenue0.00610.00640.019
Slightly volatile
Cash Per Share4.434.2221.8062
Slightly volatile
Days Payables Outstanding31.3633.0152674
Slightly volatile
Intangibles To Total Assets0.220.37740.2814
Slightly volatile
Current Ratio2.351.18883.5974
Pretty Stable
Receivables Turnover4.063.63035.3046
Slightly volatile
Graham Number5.014.76982.8735
Slightly volatile
Shareholders Equity Per Share5.525.25542.7088
Slightly volatile
Debt To Equity0.920.66380.6217
Pretty Stable
Capex Per Share0.01560.02530.0267
Very volatile
Average Receivables4.2 M4 M3.8 M
Slightly volatile
Revenue Per Share4.133.93062.2433
Slightly volatile
Interest Debt Per Share3.893.70251.3914
Slightly volatile
Debt To Assets0.310.34740.1717
Slightly volatile
Short Term Coverage Ratios0.350.3636107
Pretty Stable
Operating Cycle13710199.3527
Pretty Stable
Price Book Value Ratio1.771.8593.7992
Slightly volatile
Days Of Payables Outstanding31.3633.0152674
Slightly volatile
Company Equity Multiplier2.461.91091.9178
Pretty Stable
Long Term Debt To Capitalization0.01560.01640.1329
Pretty Stable
Total Debt To Capitalization0.460.3990.2181
Slightly volatile
Debt Equity Ratio0.920.66380.6217
Pretty Stable
Quick Ratio2.231.18883.5476
Pretty Stable
Cash Ratio0.780.73751.1615
Pretty Stable
Days Of Inventory Outstanding48.7141.9648.2819
Slightly volatile
Days Of Sales Outstanding10110178.414
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.20.97911.1064
Slightly volatile
Cash Flow Coverage Ratios0.330.3474.8641
Slightly volatile
Price To Book Ratio1.771.8593.7992
Slightly volatile
Fixed Asset Turnover30.236.389426.3988
Very volatile
Debt Ratio0.310.34740.1717
Slightly volatile
Cash Flow To Debt Ratio0.330.3474.8641
Slightly volatile
Price Sales Ratio2.862.48564.6229
Slightly volatile
Asset Turnover0.370.39140.5676
Slightly volatile
Gross Profit Margin0.580.76170.8242
Pretty Stable
Price Fair Value1.771.8593.7992
Slightly volatile

Mitek Systems Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap228.2 M217.4 M194.1 M
Slightly volatile
Enterprise Value220.4 M209.9 M185.9 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 Revenue29.1 M30.5 M
Total Revenue179.7 M188.7 M
Cost Of Revenue42.8 M45 M
Stock Based Compensation To Revenue 0.09  0.12 
Sales General And Administrative To Revenue 0.25  0.47 
Research And Ddevelopement To Revenue 0.20  0.32 
Capex To Revenue 0.01  0.01 
Revenue Per Share 3.93  4.13 
Ebit Per Revenue 0.10  0.10 

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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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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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