Mitek Sys Inc Financials

MITK

Export CSV

Key Financial Metrics

Revenue

$179.7M

YoY+4.4%

5Y CAGR+12.1%

10Y CAGR+21.6%

Mitek Sys Inc generated $179.7M in revenue in fiscal year 2025. This represents an increase of 4.4% from the prior year.

EBITDA

$18.1M

YoY+348.8%

5Y CAGR+11.8%

10Y CAGR+22.8%

Mitek Sys Inc's EBITDA was $18.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 348.8% from the prior year.

Free Cash Flow

$54.2M

YoY+79.1%

5Y CAGR+18.4%

10Y CAGR+24.5%

Mitek Sys Inc generated $54.2M in free cash flow in fiscal year 2025, representing cash available after capital expenditures. This represents an increase of 79.1% from the prior year.

Net Income

$8.8M

YoY+168.3%

5Y CAGR+2.4%

10Y CAGR+13.3%

Mitek Sys Inc reported $8.8M in net income in fiscal year 2025. This represents an increase of 168.3% from the prior year.

EPS (Diluted)

$0.19

YoY+171.4%

5Y CAGR+1.1%

10Y CAGR+9.0%

Mitek Sys Inc earned $0.19 per diluted share in fiscal year 2025. This represents an increase of 171.4% from the prior year.

Cash & Debt

$154.2M

YoY+64.9%

5Y CAGR+50.5%

10Y CAGR+49.6%

Mitek Sys Inc held $154.2M in cash against $4.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

45M

YoY+0.0%

5Y CAGR+1.5%

10Y CAGR+3.6%

Mitek Sys Inc had 45M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

9.3%

YoY+8.0pp

5Y CAGR+0.6pp

10Y CAGR+1.9pp

Mitek Sys Inc's operating margin was 9.3% in fiscal year 2025, reflecting core business profitability. This is up 8.0 percentage points from the prior year.

Net Margin

4.9%

YoY+3.0pp

5Y CAGR-2.8pp

10Y CAGR-5.1pp

Mitek Sys Inc's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

3.7%

YoY+2.1pp

5Y CAGR-2.3pp

10Y CAGR-4.6pp

Mitek Sys Inc's return on equity was 3.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the prior year.

R&D Spending

$35.3M

YoY+1.9%

5Y CAGR+9.1%

10Y CAGR+20.3%

Mitek Sys Inc invested $35.3M in research and development in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Share Buybacks

$4.7M

YoY-80.4%

5Y CAGR+36.4%

Mitek Sys Inc spent $4.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 80.4% from the prior year.

Capital Expenditures

$1.2M

YoY-19.7%

5Y CAGR+7.5%

10Y CAGR+31.8%

Mitek Sys Inc invested $1.2M in capital expenditures in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 19.7% from the prior year.

MITK Income Statement

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Revenue	$179.7M+4.4%	$172.1M-0.3%	$172.6M+19.2%	$144.8M+20.9%	$119.8M+18.2%	$101.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$35.3M+1.9%	$34.6M+19.5%	$29.0M-4.0%	$30.2M+7.7%	$28.0M+22.7%	$22.9M
SG&A Expenses	$44.3M-16.3%	$53.0M+22.3%	$43.3M+63.0%	$26.6M+18.2%	$22.5M+0.9%	$22.3M
Operating Income	$16.8M+652.6%	$2.2M-85.7%	$15.6M+27.6%	$12.2M-8.1%	$13.3M+49.7%	$8.9M
Interest Expense	$9.8M+5.6%	$9.3M+2.2%	$9.1M+10.1%	$8.2M+60.5%	$5.1M	$0
Income Tax	$2.8M+167.2%	-$4.2M-280.9%	$2.3M+2615.2%	-$92K-111.2%	$824K-48.3%	$1.6M
Net Income	$8.8M+168.3%	$3.3M-59.2%	$8.0M+117.3%	$3.7M-53.7%	$8.0M+2.1%	$7.8M
EPS (Diluted)	$0.19+171.4%	$0.07-58.8%	$0.17+112.5%	$0.08-55.6%	$0.180.0%	$0.18

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Revenue	$44.2M	N/A	$45.7M-11.9%	$51.9M+39.4%	$37.3M	N/A	$45.0M-4.2%	$47.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$7.4M	N/A	$9.0M-8.3%	$9.8M+17.3%	$8.3M	N/A	$10.0M+2.8%	$9.7M
SG&A Expenses	$11.1M	N/A	$11.3M+11.4%	$10.1M-15.1%	$11.9M	N/A	$12.6M-15.7%	$14.9M
Operating Income	$5.4M	N/A	$3.8M-66.5%	$11.4M+469.7%	-$3.1M	N/A	$734K+5.2%	$698K
Interest Expense	$2.5M	N/A	$2.5M+2.6%	$2.4M+0.4%	$2.4M	N/A	$2.3M+1.1%	$2.3M
Income Tax	$1.6M	N/A	$749K-18.2%	$916K+408.4%	-$297K	N/A	-$375K+46.2%	-$697K
Net Income	$2.8M	N/A	$2.4M-73.8%	$9.2M+298.4%	-$4.6M	N/A	$216K-23.4%	$282K
EPS (Diluted)	$0.06	N/A	$0.05-75.0%	$0.20+300.0%	$-0.10	N/A	$0.00-100.0%	$0.01

MITK Balance Sheet

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Total Assets	$459.1M+11.0%	$413.8M+2.1%	$405.4M+11.2%	$364.5M-13.2%	$419.7M+148.1%	$169.2M
Current Assets	$248.5M+34.3%	$185.1M-2.6%	$190.0M+37.8%	$137.9M-32.4%	$204.1M+142.6%	$84.1M
Cash & Equivalents	$154.2M+64.9%	$93.5M+58.6%	$58.9M+83.8%	$32.1M+5.8%	$30.3M+51.7%	$20.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$36.8M+16.2%	$31.7M-1.4%	$32.1M-10.6%	$35.9M+116.4%	$16.6M+6.3%	$15.6M
Goodwill	$133.5M+1.4%	$131.6M+6.5%	$123.5M+6.8%	$115.6M+83.3%	$63.1M+76.9%	$35.7M
Total Liabilities	$218.9M+10.0%	$199.0M-0.6%	$200.2M+3.5%	$193.5M-14.7%	$226.9M+514.6%	$36.9M
Current Liabilities	$209.0M+396.0%	$42.1M-18.2%	$51.5M+6.3%	$48.5M+23.6%	$39.2M+61.0%	$24.4M
Long-Term Debt	$4.3M+60.7%	$2.7M	N/A	N/A	N/A	N/A
Total Equity	$240.3M+11.9%	$214.8M+4.7%	$205.2M+20.0%	$171.0M-11.3%	$192.8M+45.8%	$132.2M
Retained Earnings	-$26.2M+13.4%	-$30.3M-225.0%	-$9.3M+46.3%	-$17.3M-185.8%	-$6.1M+56.7%	-$14.0M

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Total Assets	$446.5M-2.8%	$459.1M+2.8%	$446.7M+5.0%	$425.3M+7.4%	$396.0M-4.3%	$413.8M+1.1%	$409.2M-1.9%	$417.0M
Current Assets	$239.1M-3.8%	$248.5M+10.0%	$225.9M+10.8%	$203.9M+15.3%	$176.8M-4.4%	$185.1M-5.4%	$195.7M-2.9%	$201.6M
Cash & Equivalents	$175.1M+13.6%	$154.2M+21.3%	$127.1M+21.4%	$104.7M+15.5%	$90.6M-3.0%	$93.5M+10.8%	$84.4M+4.2%	$80.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$31.9M-13.2%	$36.8M-8.4%	$40.2M-19.3%	$49.9M+54.1%	$32.3M+2.1%	$31.7M-23.9%	$41.6M-20.1%	$52.1M
Goodwill	$133.4M0.0%	$133.5M-0.9%	$134.7M+5.2%	$128.1M+2.5%	$124.9M-5.1%	$131.6M+4.2%	$126.3M-0.1%	$126.4M
Total Liabilities	$212.8M-2.8%	$218.9M+4.7%	$209.1M+1.9%	$205.1M+5.2%	$195.0M-2.0%	$199.0M-0.3%	$199.6M-0.6%	$200.9M
Current Liabilities	$203.1M-2.8%	$209.0M+5.1%	$198.8M+1.7%	$195.6M+407.3%	$38.5M-8.5%	$42.1M-4.0%	$43.9M-7.1%	$47.3M
Long-Term Debt	$4.8M+10.2%	$4.3M	N/A	N/A	N/A	$2.7M	N/A	N/A
Total Equity	$233.7M-2.7%	$240.3M+1.1%	$237.6M+7.9%	$220.2M+9.6%	$200.9M-6.5%	$214.8M+2.5%	$209.6M-3.0%	$216.1M
Retained Earnings	-$33.4M-27.6%	-$26.2M+1.4%	-$26.6M+8.3%	-$29.0M+24.0%	-$38.1M-26.0%	-$30.3M-22.8%	-$24.6M-66.3%	-$14.8M

MITK Cash Flow Statement

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Operating Cash Flow	$55.3M+74.6%	$31.7M+0.3%	$31.6M+49.6%	$21.1M-43.4%	$37.3M+54.8%	$24.1M
Capital Expenditures	$1.2M-19.7%	$1.4M+39.1%	$1.0M-8.2%	$1.1M-18.8%	$1.4M+72.7%	$803K
Free Cash Flow	$54.2M+79.1%	$30.3M-1.0%	$30.6M+52.8%	$20.0M-44.4%	$36.0M+54.2%	$23.3M
Investing Cash Flow	$5.8M-79.7%	$28.7M+523.7%	-$6.8M-499.1%	$1.7M+101.0%	-$170.5M-590.1%	-$24.7M
Financing Cash Flow	-$1.8M+92.9%	-$25.9M-1621.6%	$1.7M+108.0%	-$21.1M-114.7%	$143.7M+4122.2%	$3.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$4.7M-80.4%	$24.2M	$0-100.0%	$15.2M+7887.4%	$190K-81.0%	$1.0M

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Operating Cash Flow	$8.0M	N/A	N/A	N/A	$565K	N/A	N/A	N/A
Capital Expenditures	$1.4M	N/A	N/A	N/A	$335K	N/A	N/A	N/A
Free Cash Flow	$6.6M	N/A	N/A	N/A	$230K	N/A	N/A	N/A
Investing Cash Flow	$24.4M	N/A	N/A	N/A	$840K	N/A	N/A	N/A
Financing Cash Flow	-$11.5M	N/A	N/A	N/A	-$3.1M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$10.0M	N/A	N/A	N/A	$3.3M	N/A	N/A	N/A

MITK Financial Ratios

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	9.3%+8.0pp	1.3%-7.7pp	9.0%+0.6pp	8.4%-2.6pp	11.1%+2.3pp	8.8%
Net Margin	4.9%+3.0pp	1.9%-2.8pp	4.7%+2.1pp	2.5%-4.1pp	6.7%-1.0pp	7.7%
Return on Equity	3.7%+2.1pp	1.5%-2.4pp	3.9%+1.8pp	2.2%-2.0pp	4.1%-1.8pp	5.9%
Return on Assets	1.9%+1.1pp	0.8%-1.2pp	2.0%+1.0pp	1.0%-0.9pp	1.9%-2.7pp	4.6%
Current Ratio	1.19-3.2	4.39+0.7	3.69+0.8	2.84-2.4	5.20+1.8	3.45
Debt-to-Equity	0.020.0	0.01-1.0	0.98-0.2	1.13-0.0	1.18+0.9	0.28
FCF Margin	30.1%+12.6pp	17.6%-0.1pp	17.7%+3.9pp	13.8%-16.2pp	30.0%+7.0pp	23.0%

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	12.3%	N/A	8.3%-13.6pp	21.9%+30.1pp	-8.3%	N/A	1.6%+0.1pp	1.5%
Net Margin	6.3%	N/A	5.2%-12.4pp	17.6%+30.0pp	-12.4%	N/A	0.5%-0.1pp	0.6%
Return on Equity	1.2%	N/A	1.0%-3.1pp	4.2%	N/A	N/A	0.1%-0.0pp	0.1%
Return on Assets	0.6%	N/A	0.5%-1.6pp	2.1%+3.3pp	-1.2%	N/A	0.1%-0.0pp	0.1%
Current Ratio	1.18-0.0	1.19+0.1	1.14+0.1	1.04-3.5	4.59+0.2	4.39-0.1	4.46+0.2	4.27
Debt-to-Equity	0.020.0	0.02-0.9	0.88-0.1	0.93-0.0	0.97+1.0	0.01-0.9	0.95+0.0	0.93
FCF Margin	14.9%	N/A	N/A	N/A	0.6%	N/A	N/A	N/A

Frequently Asked Questions

What is Mitek Sys Inc's annual revenue?

Mitek Sys Inc (MITK) reported $179.7M in revenue for fiscal year 2025.

How fast is Mitek Sys Inc's revenue growing?

Mitek Sys Inc (MITK) revenue grew by 4.4% year-over-year, from $172.1M to $179.7M in fiscal year 2025.

Is Mitek Sys Inc profitable?

Yes, Mitek Sys Inc (MITK) reported a net income of $8.8M in fiscal year 2025, with a net profit margin of 4.9%.

What is Mitek Sys Inc's earnings per share (EPS)?

Mitek Sys Inc (MITK) reported diluted earnings per share of $0.19 for fiscal year 2025.

What is Mitek Sys Inc's EBITDA?

Mitek Sys Inc (MITK) had EBITDA of $18.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mitek Sys Inc have?

As of fiscal year 2025, Mitek Sys Inc (MITK) had $154.2M in cash and equivalents against $4.3M in long-term debt.

What is Mitek Sys Inc's operating margin?

Mitek Sys Inc (MITK) had an operating margin of 9.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mitek Sys Inc's net profit margin?

Mitek Sys Inc (MITK) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mitek Sys Inc's return on equity (ROE)?

Mitek Sys Inc (MITK) has a return on equity of 3.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mitek Sys Inc's free cash flow?

Mitek Sys Inc (MITK) generated $54.2M in free cash flow during fiscal year 2025, representing cash available after capital expenditures.

What is Mitek Sys Inc's operating cash flow?

Mitek Sys Inc (MITK) generated $55.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mitek Sys Inc's total assets?

Mitek Sys Inc (MITK) had $459.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mitek Sys Inc's capital expenditures?

Mitek Sys Inc (MITK) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Mitek Sys Inc spend on research and development?

Mitek Sys Inc (MITK) invested $35.3M in research and development during fiscal year 2025.

Does Mitek Sys Inc buy back shares?

Yes, Mitek Sys Inc (MITK) spent $4.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Mitek Sys Inc have outstanding?

Mitek Sys Inc (MITK) had 45M shares outstanding as of fiscal year 2025.

What is Mitek Sys Inc's current ratio?

Mitek Sys Inc (MITK) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.

What is Mitek Sys Inc's debt-to-equity ratio?

Mitek Sys Inc (MITK) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mitek Sys Inc's return on assets (ROA)?

Mitek Sys Inc (MITK) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.