Mitek Systems Financials

MITK Stock

USD 11.56 0.25 2.12%

Based on the key indicators related to Mitek Systems' liquidity, profitability, solvency, and operating efficiency, Mitek Systems is doing better financially today then in previous quarter. It has a moderate chance of reporting better financial numbers in March. At this time, Mitek Systems' Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 7.2 M this year, although the value of Common Stock will most likely fall to about 30 K.

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Mitek Systems Balance Sheet Chart

At this time, Mitek Systems' Property Plant And Equipment Net is quite stable compared to the past year. Net Debt is expected to rise to about 7.2 M this year, although the value of Common Stock will most likely fall to about 30 K.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities

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Key indicators impacting Mitek Systems' financial strength include:

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt Equity Ratio

0.92

0.76

Fairly Up

Pretty Stable

Current Ratio

1.02

1.07

Sufficiently Down

Slightly volatile

The financial analysis of Mitek Systems is a critical element in measuring its lifeblood. Investors should carefully consider Mitek Systems' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

10.62 Million

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Mitek Systems Stock Summary

Mitek Systems competes with EGain, Pubmatic, Materialise, CS Disco, and Rimini Street. Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the United States, Europe, Latin America, and internationally. Mitek Systems, Inc. was incorporated in 1986 and is based in San Diego, California. Mitek Systems operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 435 people.

Specialization	Information Technology, Software - Application
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	US6067102003
Business Address	770 First Avenue,
Sector	Software
Industry	Information Technology
Benchmark	Dow Jones Industrial
Website	www.miteksystems.com
Phone	619 269 6800
Currency	USD - US Dollar

Mitek Systems Key Financial Ratios

	Return On Equity	0.0745
	Profit Margin	0.09 %
	Operating Margin	0.13 %
	Price To Sales	2.87 X
	Revenue	179.69 M

More Fundamentals

Mitek Systems Key Balance Sheet Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	360.4M	405.4M	413.8M	459.1M	528.0M	554.4M
Other Current Liab	20.0M	20.1M	12.4M	23.0M	26.4M	27.8M
Net Debt	102.1M	82.7M	57.9M	5.3M	6.1M	7.2M
Retained Earnings	(18.0M)	(9.3M)	(30.3M)	(26.2M)	(23.6M)	(22.4M)
Net Receivables	34.1M	50.5M	47.5M	49.5M	56.9M	59.8M
Other Current Assets	2.6M	5.9M	7.2M	6.0M	6.9M	7.2M
Total Liab	190.1M	200.2M	199.0M	218.9M	251.7M	264.3M
Total Current Assets	129.1M	190.0M	185.1M	248.5M	285.8M	300.1M
Short Term Debt	2.1M	2.1M	1.1M	153.1M	176.1M	184.9M
Accounts Payable	5.0M	7.6M	7.2M	3.9M	4.5M	4.7M
Cash	32.1M	58.9M	93.5M	154.2M	177.3M	186.1M
Intangible Assets	75.8M	64.7M	54.1M	39.8M	45.8M	48.1M
Good Will	120.2M	123.5M	131.6M	133.5M	153.5M	161.1M

Mitek Systems Key Income Statement Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	8.2M	9.1M	9.3M	9.8M	8.8M	8.5M
Total Revenue	144.8M	172.6M	172.1M	179.7M	206.6M	217.0M
Gross Profit	124.8M	149.6M	171.8M	136.9M	157.4M	165.3M
Operating Income	14M	15.6M	2.2M	17.6M	20.3M	21.3M
Ebitda	11.0M	39.6M	27.0M	38.7M	44.6M	46.8M
Cost Of Revenue	20.0M	23.0M	309K	42.8M	49.3M	51.7M
Net Income	3.7M	8.0M	3.3M	8.8M	10.1M	10.6M
Income Before Tax	3.6M	10.3M	(909K)	11.6M	13.4M	14.0M
Research Development	30.2M	29.0M	34.6M	35.3M	40.6M	42.6M
Tax Provision	(92K)	2.3M	(4.2M)	2.8M	3.2M	3.4M
Net Interest Income	(8.2M)	(9.1M)	(9.3M)	(9.8M)	(8.8M)	(9.2M)

Mitek Systems Key Cash Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Change In Cash	1.7M	26.9M	34.5M	60.7M	69.8M	73.3M
Free Cash Flow	25.2M	30.6M	30.3M	54.2M	62.3M	65.4M
Depreciation	14.5M	18.7M	16.9M	15.5M	17.8M	18.7M
Other Non Cash Items	5.7M	8.9M	7.9M	10.5M	12.1M	12.7M
Capital Expenditures	1.1M	1.0M	1.4M	1.2M	1.3M	1.4M
Net Income	3.0M	8.0M	3.3M	8.8M	10.1M	10.6M
End Period Cash Flow	32.1M	58.9M	93.5M	154.2M	177.3M	186.1M
Investments	(3.5M)	(6.8M)	28.7M	7.0M	6.3M	6.6M

Mitek Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Mitek Systems's current stock value. Our valuation model uses many indicators to compare Mitek Systems value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mitek Systems competition to find correlations between indicators driving Mitek Systems's intrinsic value. More Info.

Mitek Systems is regarded second in return on equity category among its peers. It is regarded fifth in return on asset category among its peers reporting about 0.52 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Mitek Systems is roughly 1.94 . At this time, Mitek Systems' Return On Equity is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Mitek Systems by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Most indicators from Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mitek Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Enterprise Value is quite stable compared to the past year.

	2023	2024	2025	2026 (projected)
Gross Profit	171.8M	136.9M	157.4M	165.3M
Total Revenue	172.1M	179.7M	206.6M	217.0M

Gross Profit Total Revenue

Mitek Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Other Liab	Other Assets	Common Stock Total Equity
Total Assets		0.98	0.96	0.8	0.99	0.74	0.58	0.18	0.98	0.95	0.84	0.56	0.68	0.89	0.98	0.99	0.95	0.98	0.68	0.73	0.85	0.36	0.96	0.98	0.99	0.61
Short Long Term Debt Total	0.98		0.9	0.79	0.94	0.65	0.62	0.14	0.96	0.93	0.76	0.57	0.69	0.86	0.94	0.99	0.91	0.96	0.68	0.7	0.86	0.32	0.95	0.99	0.98	0.52
Other Current Liab	0.96	0.9		0.79	0.95	0.77	0.55	0.28	0.94	0.89	0.82	0.49	0.65	0.78	0.94	0.94	0.89	0.93	0.68	0.63	0.78	0.43	0.92	0.93	0.95	0.61
Total Current Liabilities	0.8	0.79	0.79		0.82	0.31	0.04	-0.05	0.7	0.82	0.66	-0.04	0.46	0.78	0.82	0.77	0.67	0.87	0.98	0.38	0.97	-0.01	0.87	0.74	0.73	0.3
Total Stockholder Equity	0.99	0.94	0.95	0.82		0.75	0.48	0.15	0.97	0.97	0.88	0.48	0.65	0.91	0.99	0.95	0.95	0.97	0.7	0.74	0.87	0.3	0.95	0.94	0.97	0.65
Property Plant And Equipment Net	0.74	0.65	0.77	0.31	0.75		0.71	0.42	0.81	0.64	0.68	0.74	0.63	0.51	0.73	0.72	0.83	0.64	0.16	0.67	0.36	0.63	0.63	0.73	0.77	0.68
Net Debt	0.58	0.62	0.55	0.04	0.48	0.71		0.43	0.67	0.44	0.38	0.96	0.57	0.32	0.48	0.65	0.59	0.46	-0.11	0.57	0.12	0.63	0.45	0.68	0.66	0.44
Retained Earnings	0.18	0.14	0.28	-0.05	0.15	0.42	0.43		0.23	0.11	-0.12	0.37	0.6	-0.03	0.07	0.2	0.24	0.12	-0.11	0.22	-0.1	0.48	0.12	0.19	0.24	-0.06
Non Current Assets Total	0.98	0.96	0.94	0.7	0.97	0.81	0.67	0.23		0.93	0.83	0.66	0.71	0.86	0.96	0.97	0.95	0.92	0.57	0.79	0.76	0.39	0.9	0.98	0.99	0.65
Net Receivables	0.95	0.93	0.89	0.82	0.97	0.64	0.44	0.11	0.93		0.81	0.43	0.67	0.96	0.97	0.92	0.94	0.94	0.71	0.83	0.89	0.1	0.89	0.92	0.94	0.57
Common Stock Shares Outstanding	0.84	0.76	0.82	0.66	0.88	0.68	0.38	-0.12	0.83	0.81		0.41	0.29	0.8	0.91	0.79	0.81	0.83	0.55	0.61	0.71	0.26	0.81	0.78	0.82	0.79
Non Current Liabilities Total	0.56	0.57	0.49	-0.04	0.48	0.74	0.96	0.37	0.66	0.43	0.41		0.52	0.35	0.47	0.61	0.62	0.43	-0.2	0.62	0.09	0.66	0.42	0.65	0.64	0.49
Inventory	0.68	0.69	0.65	0.46	0.65	0.63	0.57	0.6	0.71	0.67	0.29	0.52		0.52	0.61	0.7	0.71	0.63	0.36	0.66	0.5	0.31	0.6	0.7	0.71	0.21
Other Current Assets	0.89	0.86	0.78	0.78	0.91	0.51	0.32	-0.03	0.86	0.96	0.8	0.35	0.52		0.92	0.84	0.88	0.88	0.69	0.8	0.88	0.02	0.84	0.85	0.86	0.55
Other Stockholder Equity	0.98	0.94	0.94	0.82	0.99	0.73	0.48	0.07	0.96	0.97	0.91	0.47	0.61	0.92		0.95	0.94	0.96	0.7	0.75	0.87	0.25	0.94	0.95	0.96	0.66
Total Liab	0.99	0.99	0.94	0.77	0.95	0.72	0.65	0.2	0.97	0.92	0.79	0.61	0.7	0.84	0.95		0.92	0.97	0.65	0.7	0.82	0.41	0.95	1.0	0.99	0.56
Property Plant And Equipment Gross	0.95	0.91	0.89	0.67	0.95	0.83	0.59	0.24	0.95	0.94	0.81	0.62	0.71	0.88	0.94	0.92		0.91	0.53	0.86	0.75	0.35	0.87	0.92	0.94	0.64
Total Current Assets	0.98	0.96	0.93	0.87	0.97	0.64	0.46	0.12	0.92	0.94	0.83	0.43	0.63	0.88	0.96	0.97	0.91		0.78	0.63	0.92	0.33	0.99	0.95	0.95	0.55
Short Term Debt	0.68	0.68	0.68	0.98	0.7	0.16	-0.11	-0.11	0.57	0.71	0.55	-0.2	0.36	0.69	0.7	0.65	0.53	0.78		0.23	0.93	-0.1	0.78	0.61	0.6	0.19
Accounts Payable	0.73	0.7	0.63	0.38	0.74	0.67	0.57	0.22	0.79	0.83	0.61	0.62	0.66	0.8	0.75	0.7	0.86	0.63	0.23		0.52	0.05	0.56	0.73	0.76	0.55
Cash	0.85	0.86	0.78	0.97	0.87	0.36	0.12	-0.1	0.76	0.89	0.71	0.09	0.5	0.88	0.87	0.82	0.75	0.92	0.93	0.52		-0.02	0.9	0.8	0.8	0.37
Non Currrent Assets Other	0.36	0.32	0.43	-0.01	0.3	0.63	0.63	0.48	0.39	0.1	0.26	0.66	0.31	0.02	0.25	0.41	0.35	0.33	-0.1	0.05	-0.02		0.38	0.39	0.39	0.32
Cash And Short Term Investments	0.96	0.95	0.92	0.87	0.95	0.63	0.45	0.12	0.9	0.89	0.81	0.42	0.6	0.84	0.94	0.95	0.87	0.99	0.78	0.56	0.9	0.38		0.93	0.93	0.53
Other Liab	0.98	0.99	0.93	0.74	0.94	0.73	0.68	0.19	0.98	0.92	0.78	0.65	0.7	0.85	0.95	1.0	0.92	0.95	0.61	0.73	0.8	0.39	0.93		0.99	0.58
Other Assets	0.99	0.98	0.95	0.73	0.97	0.77	0.66	0.24	0.99	0.94	0.82	0.64	0.71	0.86	0.96	0.99	0.94	0.95	0.6	0.76	0.8	0.39	0.93	0.99		0.62
Common Stock Total Equity	0.61	0.52	0.61	0.3	0.65	0.68	0.44	-0.06	0.65	0.57	0.79	0.49	0.21	0.55	0.66	0.56	0.64	0.55	0.19	0.55	0.37	0.32	0.53	0.58	0.62

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Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	360.4M	405.4M	413.8M	459.1M	528.0M	554.4M
Other Current Liab	20.0M	20.1M	12.4M	23.0M	26.4M	27.8M
Net Debt	102.1M	82.7M	57.9M	5.3M	6.1M	7.2M
Retained Earnings	(18.0M)	(9.3M)	(30.3M)	(26.2M)	(23.6M)	(22.4M)
Net Receivables	34.1M	50.5M	47.5M	49.5M	56.9M	59.8M
Other Current Assets	2.6M	5.9M	7.2M	6.0M	6.9M	7.2M
Total Liab	190.1M	200.2M	199.0M	218.9M	251.7M	264.3M
Total Current Assets	129.1M	190.0M	185.1M	248.5M	285.8M	300.1M
Short Term Debt	2.1M	2.1M	1.1M	153.1M	176.1M	184.9M
Accounts Payable	5.0M	7.6M	7.2M	3.9M	4.5M	4.7M
Cash	32.1M	58.9M	93.5M	154.2M	177.3M	186.1M
Intangible Assets	75.8M	64.7M	54.1M	39.8M	45.8M	48.1M
Good Will	120.2M	123.5M	131.6M	133.5M	153.5M	161.1M

Today, most investors in Mitek Systems Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Mitek Systems' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Mitek Systems growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.36

At this time, Mitek Systems' Price Earnings To Growth Ratio is quite stable compared to the past year.

Mitek Systems February 11, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Mitek Systems help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Mitek Systems. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mitek Systems based on widely used predictive technical indicators. In general, we focus on analyzing Mitek Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mitek Systems's daily price indicators and compare them against related drivers.

	Downside Deviation	2.4
	Information Ratio	0.0851
	Maximum Drawdown	20.64
	Value At Risk	(4.01)
	Potential Upside	3.42

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?

Details

Largest Application Software Companies

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Largest Software - Application Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

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. Expected growth trajectory for Mitek significantly influences the price investors are willing to assign. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Mitek Systems assessment requires weighing all these inputs, though not all factors influence outcomes equally.

Quarterly Earnings Growth

(0.78)

Earnings Share

0.35

Revenue Per Share

4.072

Quarterly Revenue Growth

0.188

Return On Assets

0.0384

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.

Understanding that Mitek Systems' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Mitek Systems represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Mitek Systems' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.

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Mitek Systems Financials

Mitek Systems Balance Sheet Chart

Net Income

10.62 Million

Mitek Systems Stock Summary

Mitek Systems Key Financial Ratios

Mitek Systems Key Balance Sheet Accounts

Mitek Systems Key Income Statement Accounts

Mitek Systems Key Cash Accounts

Mitek Financial Ratios Relationships

Mitek Systems fundamental ratios Correlations

Mitek Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mitek Systems fundamental ratios Accounts

Price Earnings To Growth Ratio

0.36

Mitek Systems February 11, 2026 Opportunity Range

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Liab	+ 1.0	Total Liab
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Other Assets	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Other Liab	+ 0.99	Short Long Term Debt Total

Short Term Debt	- 0.2	Non Current Liabilities Total
Common Stock Shares Outstanding	- 0.12	Retained Earnings
Short Term Debt	- 0.11	Retained Earnings
Short Term Debt	- 0.11	Net Debt
Non Currrent Assets Other	- 0.1	Short Term Debt
Cash	- 0.1	Retained Earnings