Mitek Systems Key Fundamental Indicators

MITK Stock  USD 13.53  2.02  17.55%   
As of the 13th of February 2026, Mitek Systems secures the Mean Deviation of 2.03, downside deviation of 2.52, and Risk Adjusted Performance of 0.103. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mitek Systems, as well as the relationship between them.

Mitek Systems Total Revenue

216.98 Million

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
157.4 M
Profit Margin
0.0867
Market Capitalization
505.7 M
Enterprise Value Revenue
2.5331
Revenue
186.7 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 This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
At this time, Mitek Systems' EBIT is quite stable compared to the past year. EBITDA is expected to rise to about 46.8 M this year, although the value of Selling And Marketing Expenses will most likely fall to about 35.5 M.
  
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Mitek Systems Balance Sheet

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 NetM5.7 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 MM
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 MM
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

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

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation18.7 M17.8 MM
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

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 MM3.8 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

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

Mitek Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Mitek Systems is extremely important. It helps to project a fair market value of Mitek Stock properly, considering its historical fundamentals such as Return On Asset. Since Mitek Systems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Mitek Systems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Mitek Systems' interrelated accounts and indicators.
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.

Mitek Systems 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mitek Systems' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mitek Systems.
0.00
11/15/2025
No Change 0.00  0.0 
In 3 months and 1 day
02/13/2026
0.00
If you would invest  0.00  in Mitek Systems on November 15, 2025 and sell it all today you would earn a total of 0.00 from holding Mitek Systems or generate 0.0% return on investment in Mitek Systems over 90 days. Mitek Systems is related to or competes with EGain, Pubmatic, Materialise, CS Disco, Rimini Street, Commerce, and International Money. Mitek Systems, Inc. develops, markets, and sells mobile image capture and digital identity verification solutions in the... More

Mitek Systems Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mitek Systems' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mitek Systems upside and downside potential and time the market with a certain degree of confidence.

Mitek Systems Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitek Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitek Systems' standard deviation. In reality, there are many statistical measures that can use Mitek Systems historical prices to predict the future Mitek Systems' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitek Systems' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
7.9411.4915.04
Details
Intrinsic
Valuation
LowRealHigh
8.7612.3115.86
Details
6 Analysts
Consensus
LowTargetHigh
12.5113.7515.26
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.250.270.35
Details

Mitek Systems February 13, 2026 Technical Indicators

Mitek Systems Backtested Returns

Mitek Systems appears to be somewhat reliable, given 3 months investment horizon. Mitek Systems has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of risk over the last 3 months. By analyzing Mitek Systems' technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please exercise Mitek Systems' Mean Deviation of 2.03, downside deviation of 2.52, and Risk Adjusted Performance of 0.103 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mitek Systems holds a performance score of 11. The company secures a Beta (Market Risk) of 1.58, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mitek Systems will likely underperform. Please check Mitek Systems' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Mitek Systems' current price movements will revert.

Auto-correlation

    
  0.21  

Weak predictability

Mitek Systems has weak predictability. Overlapping area represents the amount of predictability between Mitek Systems time series from 15th of November 2025 to 30th of December 2025 and 30th of December 2025 to 13th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mitek Systems price movement. The serial correlation of 0.21 indicates that over 21.0% of current Mitek Systems price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.07
Residual Average0.0
Price Variance0.29
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Mitek Total Assets

Total Assets

554.37 Million

At this time, Mitek Systems' Total Assets are quite stable compared to the past year.
Based on the latest financial disclosure, Mitek Systems has a Return On Asset of 0.0384. This is 101.33% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The return on asset for all United States stocks is 127.43% lower than that of the firm.

Mitek Systems Fundamental Drivers 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.

Mitek Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mitek Systems' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mitek Systems could also be used in its relative valuation, which is a method of valuing Mitek Systems by comparing valuation metrics of similar companies.
Mitek Systems is currently under evaluation in return on asset category among its peers.

Mitek Systems ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Mitek Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Mitek Systems' managers, analysts, and investors.
Environmental
Governance
Social

Mitek Fundamentals

About Mitek Systems Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mitek Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mitek Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mitek Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on 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:
Check out
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.