Mitek Systems, Inc.

Mitek Systems, Inc.

MITK · NASDAQ · Technology / Software - Application

18.14USD-0.11 (-0.60%)

Price History

Full chart

Market Stats

Previous Close18.25
Open18.41
Day Range17.64 – 18.49
52-Week Range8.53 – 21.05
Volume1.22M
Market Cap796.86M
P/E (TTM)37.57
Forward P/E9.79
EPS0.47
Dividend Yield0.00%
Beta0.99
50-Day Avg17.88
200-Day Avg14.88

About

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.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Edward H. West
  • Employees561
  • Headquarters770 First Avenue, San Diego, CA, United States, 92101, USA
  • Websitehttps://www.miteksystems.com

Leadership

  • Mr. Edward H. WestCEO & Director · b. 1967
  • Mr. David B. LyleChief Financial Officer · b. 1964
  • Mr. Garrett V. GafkeChief Operating Officer · b. 1972
  • Mr. Jason L. Gray J.D.Chief Legal Officer, Chief Compliance Officer & Corporate Secretary · b. 1971
  • Mr. Michael E. DiamondGM & Senior VP of Digital Banking · b. 1965
  • Mr. Alexey KhitrovCTO & Chief Innovation Officer
  • Ms. Cindy WhiteChief Marketing Officer
  • Ms. Judith Ohrn HicksSenior Vice President of People Operations · b. 1964
  • Mr. Aaron Graeme SeylerChief Revenue Officer

Financials

Income Statement

Currency: USD1988-09-301989-09-301990-09-301991-09-301992-09-301993-09-301994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Revenue10.50M18.10M23.10M27.00M18.50M13.10M10.20M6.60M8.20M4.80M6.50M9.70M9.35M9.27M13.08M11.59M11.59M6.59M6.02M5.57M5.23M3.62M5.12M10.27M9.09M14.80M19.15M25.37M34.70M45.39M63.56M84.59M101.31M119.80M144.80M172.55M172.08M179.69M
Growth (%)-+72.38%+27.62%+16.88%-31.48%-29.19%-22.14%-35.29%+24.24%-41.46%+35.42%+49.23%-3.63%-0.79%+41.07%-11.38%0.00%-43.13%-8.69%-7.49%-6.11%-30.80%+41.46%+100.55%-11.43%+62.80%+29.36%+32.46%+36.80%+30.80%+40.03%+33.09%+19.77%+18.25%+20.87%+19.16%-0.27%+4.42%
Cost of Revenue7.40M12.40M14.00M16.20M11.90M8.50M5.90M2.90M2.40M1.50M1.90M1.80M2.96M2.54M3.75M6.24M4.54M1.13M1.25M633.71K898.70K669.36K950.14K1.17M1.26M1.60M2.15M2.47M3.40M4.04M8.69M12.27M13.19M14.54M20.01M22.95M24.39M26.79M
Gross Profit3.10M5.70M9.10M10.80M6.60M4.60M4.30M3.70M5.80M3.30M4.60M7.90M6.38M6.74M9.33M5.36M7.05M5.46M4.77M4.94M4.33M2.95M4.17M9.09M7.83M13.20M17.00M22.90M31.31M41.35M54.87M72.32M88.12M105.26M124.80M149.60M147.69M152.90M
Gross Margin29.52%31.49%39.39%40.00%35.68%35.11%42.16%56.06%70.73%68.75%70.77%81.44%68.30%72.65%71.33%46.22%60.83%82.87%79.28%88.62%82.81%81.50%81.44%88.59%86.10%89.17%88.78%90.26%90.22%91.10%86.33%85.50%86.98%87.86%86.18%86.70%85.82%85.09%
Operating Expense3.40M4.70M7.80M8.80M6.20M5.30M5.50M3.90M4.30M5.60M5.10M5.90M7.84M7.04M8.94M7.86M9.55M5.67M5.09M5.32M5.09M4.27M4.55M8.84M15.71M20.50M22.41M21.00M29.48M38.58M62.68M76.91M79.25M91.98M110.80M134.04M145.46M136.11M
Operating Income-300.00K1.00M1.30M2.00M400.00K-700.00K-1.20M-200.00K1.50M-2.30M-500.00K2.00M-1.46M-298.13K387.46K-2.50M-2.50M-206.47K-318.61K-387.44K-754.30K-1.32M-383.69K256.40K-7.88M-7.30M-5.41M1.89M1.82M2.77M-7.81M-4.59M8.87M13.28M14.00M15.56M2.23M16.79M
Operating Margin-2.86%5.52%5.63%7.41%2.16%-5.34%-11.76%-3.03%18.29%-47.92%-7.69%20.62%-15.61%-3.21%2.96%-21.56%-21.56%-3.13%-5.29%-6.96%-14.42%-36.47%-7.50%2.50%-86.68%-49.31%-28.24%7.46%5.26%6.10%-12.28%-5.43%8.75%11.08%9.67%9.02%1.30%9.34%
EBITDA-100.00K1.30M1.90M2.90M1.00M400.00K-400.00K200.00K1.90M-1.60M900.00K2.30M-1.03M272.04K1.02M-2.08M-2.06M412.79K151.29K-348.10K-709.59K-1.23M-209.29K446.22K-7.60M-6.94M-4.94M2.50M3.21M3.68M-3.17M4.42M17.35M22.88M27.01M38.45M25.26M36.85M
EBITDA Margin-0.95%7.18%8.23%10.74%5.41%3.05%-3.92%3.03%23.17%-33.33%13.85%23.71%-11.00%2.93%7.81%-17.91%-17.75%6.26%2.51%-6.25%-13.57%-34.02%-4.09%4.35%-83.64%-46.91%-25.78%9.84%9.26%8.11%-4.98%5.23%17.13%19.10%18.65%22.28%14.68%20.51%
Net Income-700.00K400.00K600.00K900.00K--900.00K-1.10M-100.00K1.20M-2.60M-1.50M2.00M-1.43M-341.42K396.81K-2.49M-2.49M-1.03M-717.33K-383.80K-748.76K-1.32M-682.35K-125.06K-7.84M-7.28M-5.29M2.53M1.96M14.09M-11.81M-724.00K7.81M7.98M3.69M8.03M3.28M8.80M
Net Income Margin-6.67%2.21%2.60%3.33%--6.87%-10.78%-1.52%14.63%-54.17%-23.08%20.62%-15.34%-3.68%3.03%-21.50%-21.50%-15.58%-11.91%-6.89%-14.32%-36.53%-13.33%-1.22%-86.22%-49.15%-27.63%9.96%5.65%31.05%-18.58%-0.86%7.71%6.66%2.55%4.65%1.90%4.90%
R&D------1.00M1.00M1.20M4.90M1.30M1.40M2.25M1.83M2.05M2.24M2.24M1.51M1.35M1.90M1.80M1.90M2.00M3.00M6.66M6.79M6.02M5.58M7.79M10.43M18.12M21.87M22.86M28.04M30.19M28.99M34.64M35.28M
R&D as % of Total Revenue------9.80%15.15%14.63%102.08%20.00%14.43%24.10%19.73%15.66%19.34%19.34%22.86%22.40%34.13%34.45%52.54%39.12%29.18%73.29%45.89%31.44%21.99%22.46%22.98%28.51%25.86%22.56%23.41%20.85%16.80%20.13%19.64%
Interest Expense0000000000000000355.43M0002945.57K298.12K427.55K239.98K151.97K6.45K3.30K0005.53M769.00K5.13M8.23M9.06M9.26M9.78M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3065.59%0.00%0.00%0.00%0.01%0.15%5.82%4.16%2.64%1.03%0.03%0.01%0.00%0.00%0.00%6.54%0.76%4.28%5.68%5.25%5.38%5.44%

Balance Sheet

Currency: USD1988-09-301989-09-301990-09-301991-09-301992-09-301993-09-301994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Total Assets7.20M8.10M13.60M12.20M6.30M5.10M3.10M2.90M3.80M7.20M6.10M7.40M7.77M6.62M8.23M5.64M5.64M3.55M3.74M2.85M2.78M1.60M3.01M19.85M16.72M32.85M31.10M38.75M48.38M71.72M127.15M135.90M169.15M419.69M360.41M405.38M413.75M459.11M
Total Liabilities6.40M6.90M11.80M9.50M3.60M3.30M2.30M1.60M1.10M1.40M1.80M1.80M2.88M2.05M3.20M3.07M3.07M2.51M1.73M986.67K1.45M1.48M2.01M1.80M3.17M7.12M7.16M8.31M8.90M10.31M31.76M28.56M36.91M226.86M190.09M200.19M198.95M218.85M
Total Equity800.00K1.20M1.80M2.70M2.70M1.80M800.00K1.30M2.70M5.80M4.30M5.60M4.89M4.56M5.03M2.57M2.57M1.05M2.02M1.86M1.33M125.77K1.00M18.06M13.56M25.73M23.94M30.43M39.48M61.41M95.39M107.33M132.24M192.83M170.32M205.19M214.80M240.26M
Cash--100.00K-100.00K200.00K100.00K100.00K200.00K1.30M1.70M1.40M537.11K865.35K760.42K1.82M1.82M2.39M2.33M2.10M1.30M674.12K1.31M5.66M6.70M23.29M7.77M2.75M9.01M12.29M9.03M16.75M19.99M30.31M32.06M58.91M93.46M154.15M
Total Debt4.30M5.00M7.10M5.40M1.00M1.80M600.00K300.00K----512.88K-68.40K-2.05M714.19K----679.80K-------800.00K600.00K7.15M129.45M134.19M140.28M148.64M155.19M
Net Debt4.30M5.00M7.00M5.40M900.00K1.60M500.00K200.00K-200.00K-1.30M-1.70M-1.40M-24.23K-865.35K-692.02K-1.82M-1.82M-1.67M-2.33M-2.10M-1.30M-674.12K-625.25K-5.66M-6.70M-23.29M-7.77M-2.75M-9.01M-12.29M-9.03M-16.75M-12.84M99.14M102.13M81.37M55.18M1.03M

Cash Flow

Currency: USD1990-09-301991-09-301992-09-301993-09-301994-09-301995-09-301996-09-301997-09-301998-09-301999-09-302000-09-302001-09-302002-09-302003-09-302004-09-302005-09-302006-09-302007-09-302008-09-302009-09-302010-09-302011-09-302012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-302019-09-302020-09-302021-09-302022-09-302023-09-302024-09-302025-09-30
Operating Cash Flow1.30M2.80M3.40M2.40M1.20M-300.00K500.00K-2.70M-200.00K-300.00K-1.82M969.30K374.72K1.22M1.22M-2.02M-53.53K-205.72K-398.94K-553.45K-806.06K316.17K-1.78M-615.06K-2.47M6.11M7.85M10.45M5.63M14.25M24.12M37.34M26.35M31.59M31.69M55.34M
Investing Cash Flow-1.50M-100.00K--2.00M-100.00K200.00K--400.00K700.00K-200.00K-216.76K-131.71K-491.92K--186.00K1.10M-50.17K-33.64K-397.06K-72.71K-9.37K-10.82M2.11M570.89K-13.11M-11.34M-3.29M-7.78M-8.42M-10.51M-24.71M-170.49M-3.53M-6.78M28.75M5.83M
Financing Cash Flow300.00K-2.70M-3.30M-200.00K-1.20M200.00K-400.00K4.10M-100.00K1.17M-509.36K12.27K21.53K22.00K700.57K47.50K4.64K--1.45M14.85M717.37K16.64M51.00K226.00K1.73M687.00K-429.00K4.38M3.40M143.68M-21.14M1.70M-25.88M-1.85M
Capital Expenditure0100.00K0200.00K100.00K0100.00K200.00K100.00K200.00K216.76K131.71K308.66K190.62K191.00K48.93K54.32K34.69K397.06K72.78K9.37K204.36K339.71K1.50M135.00K73.00K250.00K488.00K4.31M1.06M803.00K1.39M1.13M1.03M1.44M1.16M
Free Cash Flow1.30M2.70M3.40M2.20M1.10M-300.00K400.00K-2.90M-300.00K-500.00K-2.03M837.59K66.06K1.03M1.03M-2.07M-107.85K-240.41K-796.00K-626.24K-815.43K111.81K-2.12M-2.11M-2.60M6.03M7.60M9.96M1.32M13.19M23.32M35.95M25.23M30.55M30.25M54.19M
Dividends Paid---------------------0000000--217.00K4.04M----
FCF to OCF100.00%96.43%100.00%91.67%91.67%100.00%80.00%107.41%150.00%166.67%111.93%86.41%17.63%84.41%84.38%102.42%201.48%116.86%199.53%113.15%101.16%35.36%119.10%343.47%105.47%98.80%96.82%95.33%23.44%92.54%96.67%96.29%95.73%96.73%95.46%97.91%
Dividend Paid to FCF---------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%--0.93%11.22%----

Earnings

Report DateApr 23, 1997Dec 31, 1998Mar 31, 1999Jun 30, 1999Dec 31, 1999Mar 31, 2000Jun 30, 2000Nov 8, 2000Jan 23, 2001Apr 24, 2001Jul 17, 2001Dec 31, 2001Mar 31, 2002Jun 30, 2002Dec 31, 2002Apr 30, 2003Jul 29, 2003Nov 18, 2003Feb 2, 2004May 4, 2004Aug 9, 2004Feb 18, 2005May 21, 2005Aug 3, 2005Nov 30, 2005Feb 15, 2006May 15, 2006Aug 1, 2006Dec 30, 2006Feb 14, 2007May 9, 2007Aug 7, 2007Dec 12, 2007Feb 14, 2008May 13, 2008Aug 5, 2008Feb 17, 2009May 15, 2009Aug 14, 2009Dec 29, 2009Feb 16, 2010May 17, 2010Aug 16, 2010Nov 16, 2010Feb 15, 2011May 9, 2011Aug 8, 2011Nov 14, 2011Feb 7, 2012May 2, 2012Jul 24, 2012Nov 7, 2012Jan 31, 2013May 7, 2013Jul 25, 2013Nov 7, 2013Feb 6, 2014May 1, 2014Jul 24, 2014Nov 6, 2014Jan 29, 2015Apr 30, 2015Jul 23, 2015Nov 5, 2015Jan 28, 2016Apr 28, 2016Jul 28, 2016Nov 3, 2016Feb 2, 2017Apr 27, 2017Jul 27, 2017Nov 7, 2017Jan 25, 2018May 1, 2018Jul 26, 2018Nov 1, 2018Jan 29, 2019May 1, 2019Jul 25, 2019Nov 7, 2019Jan 30, 2020Apr 30, 2020Jul 30, 2020Nov 5, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Nov 4, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Dec 30, 2022Mar 27, 2023Jun 29, 2023Sep 5, 2023Dec 7, 2023Mar 19, 2024May 10, 2024Aug 8, 2024Dec 16, 2024Feb 10, 2025May 8, 2025Aug 7, 2025Dec 11, 2025Feb 5, 2026May 7, 2026Aug 6, 2026
EPS Estimate0.02------0.070.040.04-0.05--------------------------------0.01-0.01---0.060.010.010.02-0.02-0.04-0.04-0.04-0.06-0.06-0.05-0.03-0.04-0.01-0.080.030.030.030.020.040.040.060.020.060.080.090.020.040.030.090.040.060.110.180.070.100.100.140.120.140.160.190.160.200.200.200.200.200.200.100.140.270.260.170.140.260.110.170.180.360.21
EPS Actual0.020.040.030.050.050.030.020.00-0.02-0.050.050.03-0.010.010.010.00-0.09-0.15-0.10-0.07-0.13-0.08-0.070.020.03-0.030.00-0.01-0.01-0.02-0.010.010.00-0.02-0.010.00-0.04-0.01-0.01-0.02-0.010.00-0.010.01-0.040.020.01-0.010.00-0.11-0.05-0.09-0.03-0.06-0.05-0.02-0.02-0.04-0.020.060.050.050.070.090.040.070.070.070.030.080.080.110.030.060.060.140.030.070.120.210.120.130.160.260.140.160.230.220.220.240.230.200.190.200.310.130.150.240.250.330.150.360.140.240.260.380.27
Surprise0.00%-------100.00%-150.00%-225.00%200.00%-------------------------------0.00%200.00%--116.67%-200.00%-91.00%-650.00%-150.00%-125.00%25.00%-50.00%16.67%66.67%60.00%-33.33%50.00%700.00%162.50%66.67%133.33%200.00%100.00%75.00%75.00%16.67%50.00%33.33%0.00%22.22%50.00%50.00%100.00%55.56%-25.00%16.67%9.09%16.67%71.43%30.00%60.00%85.71%16.67%14.29%43.75%15.79%37.50%20.00%15.00%1.01%-5.00%0.00%55.00%30.00%7.14%-11.11%-3.85%94.12%7.14%38.46%27.27%41.18%44.44%5.56%28.57%
Timing------------------------------------------Pre-marketPre-market--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap796.86M
Enterprise Value750.18M
Trailing P/E37.57
Forward P/E9.79
PEG Ratio1.28
Price / Sales4.03
Price / Book3.19
EPS0.47
Book Value5.55
Revenue (TTM)197.90M
Gross Profit (TTM)165.47M
EBITDA49.55M
Profit Margin11.39%
Operating Margin21.36%
Return on Equity9.23%
Return on Assets5.49%
Shares Outstanding45.12M
Shares Float43.69M
Beta0.99
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 6 analystsTarget 22.63
  • Strong Buy
    3
  • Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
88.51%
Insiders
3.19%
Retail / Other
8.30%

Top Institutional Holders

  • BlackRock Inc
    3.26M7.23%
  • Legal & General Group PLC
    2.58M5.71%
  • Vanguard Capital Management, LLC
    1.90M4.20%
  • Amvescap Plc.
    1.89M4.20%
  • Wellington Management Company LLP
    1.78M3.95%
  • Dimensional Fund Advisors, Inc.
    1.76M3.90%
  • Vanguard Portfolio Management, LLC
    1.49M3.31%
  • Impax Asset Management Group PLC
    1.36M3.01%
  • Independent Advisor Alliance
    1.16M2.56%
  • State Street Corp
    1.15M2.55%
  • Geode Capital Management, LLC
    1.12M2.47%
  • Millennium Management LLC
    854.48K1.89%
  • Marshall Wace Asset Management Ltd
    825.51K1.83%
  • Ameriprise Financial Inc
    810.78K1.80%

Top Fund Holders

  • L&G Cyber Security ETF
    2.84M6.29%
  • Invesco Small Cap Value A
    1.99M4.40%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.37M3.05%
  • Impax Small Cap Institutional
    1.22M2.70%
  • iShares Russell 2000 ETF
    1.17M2.59%
  • Vanguard Information Technology ETF
    1.16M2.56%