What is Mitek Systems, Inc.'s earnings per share (EPS)?

Mitek Systems, Inc. (MITK) reported diluted earnings per share of $0.19 for fiscal year 2025. This represents a 171.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mitek Systems, Inc. (MITK) Financials

MITK

Trailing 12 months to June 30, 2026

Revenue $197.9M +11.1% YoY

Net Income $22.5M +45.3% YoY

EPS (Diluted) $0.47 +42.4% YoY

Free Cash Flow $48.6M -12.9% YoY

Market Cap $754.0M as of Oct 13, 2026

Price / Sales 3.8x on $197.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 33.5x on $22.5M net income, trailing 12 months to June 30, 2026

Price / Book 3.0x on $250.5M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MITK SEC filings page.

Mitek Systems, Inc. (MITK) reported $197.9M in revenue over the twelve months to Jun 30, 2026, up 11.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MITK FY2025 2026-10-03

FY2025 re-established stronger operating profitability and cash generation, but the balance sheet now relies heavily on short-term obligations.

FY2025 operating cash flow was over six times net income—$55.3M versus $8.8M—so accounting profit understated the cash produced. Free cash flow reached $54.2M against only $1.2M of capital expenditure, showing that this conversion depends on a low-reinvestment model rather than heavy asset spending.

With revenue essentially flat in FY2024, operating margin collapsed to 1.3% as SG&A reached $53.0M. FY2025’s margin rebound to 9.3% coincided with SG&A falling to $44.3M despite higher revenue, pointing to cost normalization or operating leverage rather than a proven pricing effect.

Debt-to-equity was 0.0x and long-term debt was $0 in FY2025, so formal borrowing is not the main financing feature. The current ratio compressed to 1.2x from 4.4x in FY2024, indicating much less short-term balance-sheet cushion.

Financial Health Signals

Financial Health Score 60/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mitek Systems, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Mitek Systems, Inc. has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from 1.3% the prior year.

Growth

Mitek Systems, Inc.'s revenue grew a modest 4.4% year-over-year to $179.7M. This slow but positive growth earns a score of 38/100.

Leverage

Mitek Systems, Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Mitek Systems, Inc.'s current ratio of 1.19 is below the typical benchmark, resulting in a score of 28/100. However, the company holds substantial cash reserves (74% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Mitek Systems, Inc. converts 30.1% of revenue into free cash flow ($54.2M). This strong cash generation earns a score of 90/100.

Returns

Mitek Systems, Inc.'s ROE of 3.7% shows moderate profitability relative to equity, earning a score of 47/100. This is up from 1.5% the prior year.

Altman Z-Score Grey Zone

2.60

Mitek Systems, Inc. scores 2.60, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($754.0M) relative to total liabilities ($218.9M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Mitek Systems, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

6.29x

For every $1 of reported earnings, Mitek Systems, Inc. generates $6.29 in operating cash flow ($55.3M OCF vs $8.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.72x

Mitek Systems, Inc. earns $1.72 in operating income for every $1 of interest expense ($16.8M vs $9.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$54.0M

YoY+18.2%

QoQ-1.5%

5Y CAGR+11.2%

10Y CAGR+19.5%

Mitek Systems, Inc. generated $54.0M in revenue in Q3 2026. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

EBITDA

$12.0M

YoY+184.1%

QoQ-13.8%

Mitek Systems, Inc.'s EBITDA was $12.0M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 184.1% from the same quarter a year earlier. Against the prior quarter it is down 13.8%.

Net Income

$8.4M

YoY+249.2%

QoQ-12.3%

5Y CAGR+22.9%

10Y CAGR+27.5%

Mitek Systems, Inc. reported $8.4M in net income in Q3 2026. This represents an increase of 249.2% from the same quarter a year earlier. Against the prior quarter it is down 12.3%.

EPS (Diluted)

$0.17

YoY+240.0%

QoQ-15.0%

5Y CAGR+19.4%

10Y CAGR+23.9%

Mitek Systems, Inc. earned $0.17 per diluted share (EPS) in Q3 2026. This represents an increase of 240.0% from the same quarter a year earlier. Against the prior quarter it is down 15.0%.

Cash & Balance Sheet

Free Cash Flow

$25.3M

YoY+19.2%

QoQ+1113.9%

5Y CAGR+24.0%

10Y CAGR+79.5%

Mitek Systems, Inc. generated $25.3M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 19.2% from the same quarter a year earlier. Against the prior quarter it is up 1113.9%.

Cash & Debt

$90.0M

YoY-29.2%

QoQ+30.1%

5Y CAGR+17.3%

10Y CAGR+33.5%

Mitek Systems, Inc. held $90.0M in cash against $46.6M in long-term debt as of Q3 2026.

Shares Outstanding

45M

YoY-1.1%

QoQ-0.1%

5Y CAGR+0.5%

10Y CAGR+3.3%

Mitek Systems, Inc. had 45M shares outstanding in Q3 2026. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Operating Margin

21.4%

YoY+13.0pp

QoQ-3.3pp

5Y change+4.3pp

10Y change+13.7pp

Mitek Systems, Inc.'s operating margin was 21.4% in Q3 2026, reflecting core business profitability. This is up 13.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Net Margin

15.5%

YoY+10.2pp

QoQ-1.9pp

5Y change+6.1pp

10Y change+7.4pp

Mitek Systems, Inc.'s net profit margin was 15.5% in Q3 2026, showing the share of revenue converted to profit. This is up 10.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.9 percentage points.

Return on Equity

3.3%

YoY+2.3pp

QoQ-0.6pp

5Y change+1.8pp

10Y change+1.3pp

Mitek Systems, Inc.'s ROE was 3.3% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.

Gross Margin

Not reported for Q3 2026.

Capital Allocation

R&D Spending

$8.1M

YoY-10.1%

QoQ+6.5%

Mitek Systems, Inc. invested $8.1M in research and development in Q3 2026. This represents a decrease of 10.1% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.

Share Buybacks

$2.0M

YoY+200000.0%

QoQ-74.3%

Mitek Systems, Inc. spent $2.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 200000.0% from the same quarter a year earlier. Against the prior quarter it is down 74.3%.

Capital Expenditures

$1.8M

YoY+459.3%

QoQ+18.6%

5Y CAGR+43.2%

10Y CAGR+51.4%

Mitek Systems, Inc. invested $1.8M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 459.3% from the same quarter a year earlier. Against the prior quarter it is up 18.6%.

MITK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MITK quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$197.9M	$179.7M+4.4%	$172.1M-0.3%	$172.6M+19.2%	$144.8M+20.9%	$119.8M+18.2%	$101.3M+19.8%	$84.6M+33.1%	$63.6M+40.0%	$45.4M+30.8%	$34.7M+36.8%	$25.4M+32.5%	$19.1M+29.4%	$14.8M+62.8%	$9.1M-11.4%	$10.3M
R&D Expenses	$31.2M	$35.3M+1.9%	$34.6M+19.5%	$29.0M-4.0%	$30.2M+7.7%	$28.0M+22.7%	$22.9M+4.5%	$21.9M+20.7%	$18.1M+73.7%	$10.4M+33.8%	$7.8M+39.8%	$5.6M-7.4%	$6.0M-11.4%	$6.8M+1.9%	$6.7M+122.4%	$3.0M
SG&A Expenses	$47.3M	$44.3M-16.3%	$53.0M+22.3%	$43.3M+63.0%	$26.6M+18.2%	$22.5M+0.9%	$22.3M+12.2%	$19.9M+16.4%	$17.1M+50.9%	$11.3M+31.9%	$8.6M+12.8%	$7.6M-20.4%	$9.6M+21.7%	$7.9M+40.3%	$5.6M+63.1%	$3.4M
Operating Income	$35.2M	$16.8M+652.6%	$2.2M-85.7%	$15.6M+27.6%	$12.2M-8.1%	$13.3M+49.7%	$8.9M+293.2%	-$4.6M+41.2%	-$7.8M-381.9%	$2.8M+51.8%	$1.8M-3.6%	$1.9M+135.0%	-$5.4M+25.9%	-$7.3M+7.4%	-$7.9M-3173.8%	$256K
EBITDA	N/A	$18.1M+348.8%	$4.0M-76.7%	$17.3M+26.9%	$13.6M-7.6%	$14.7M+41.9%	$10.4M+423.9%	-$3.2M+55.5%	-$7.2M-332.6%	$3.1M+18.2%	$2.6M+12.4%	$2.3M+147.1%	-$4.9M+29.2%	-$7.0M+8.8%	-$7.6M-1855.7%	$436K
Interest Expense	$7.2M	$9.8M+5.6%	$9.3M+2.2%	$9.1M+10.1%	$8.2M+60.5%	$5.1M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$9.1M	$2.8M+167.2%	-$4.2M-280.9%	$2.3M+2615.2%	-$92K-111.2%	$824K-48.3%	$1.6M+148.9%	-$3.3M-206.5%	$3.1M+128.1%	-$10.9M-1092000.0%	-$1K+99.8%	-$543K-27250.0%	$2K+85.9%	$1K+126.8%	-$4K-260.8%	$2K
Net Income	$22.5M	$8.8M+168.3%	$3.3M-59.2%	$8.0M+117.3%	$3.7M-53.7%	$8.0M+2.1%	$7.8M+1179.3%	-$724K+93.9%	-$11.8M-183.8%	$14.1M+619.3%	$2.0M-22.4%	$2.5M+147.7%	-$5.3M+27.3%	-$7.3M+7.2%	-$7.8M-6169.1%	-$125K
EPS (Basic)	N/A	$0.19+171.4%	$0.07-61.1%	$0.18+125.0%	$0.08-55.6%	$0.18-5.3%	$0.19+1050.0%	-$0.02+93.9%	-$0.33-176.7%	$0.43+616.7%	$0.06-25.0%	$0.08+147.1%	-$0.17+34.6%	-$0.26+16.1%	-$0.31-3000.0%	-$0.01
EPS (Diluted)	$0.47	$0.19+171.4%	$0.07-58.8%	$0.17+112.5%	$0.08-55.6%	$0.180.0%	$0.18+1000.0%	-$0.02+93.9%	-$0.33-182.5%	$0.40+566.7%	$0.06-25.0%	$0.08+147.1%	-$0.17+34.6%	-$0.26+16.1%	-$0.31	-$0.01
Diluted Shares (Avg)	N/A	47M-1.1%	47M+2.2%	46M+1.5%	46M+1.5%	45M+6.0%	43M+8.1%	39M+9.9%	36M+0.8%	36M+5.1%	34M+7.4%	31M+3.3%	30M+10.8%	27M+9.4%	25M	22M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$54.0M+18.2%	$54.8M+5.6%	$44.2M+18.8%	$44.8M+3.6%	$45.7M+1.7%	$51.9M+10.6%	$37.3M+0.9%	$43.2M+14.8%
R&D Expenses	$8.1M-10.1%	$7.6M-22.5%	$7.4M-11.4%	$8.2M+35.6%	$9.0M-10.2%	$9.8M+0.5%	$8.3M-6.2%	$6.1M
SG&A Expenses	$12.9M+14.9%	$12.2M+21.3%	$11.1M-6.9%	$11.1M+11.8%	$11.3M-10.7%	$10.1M-32.4%	$11.9M-23.4%	$9.9M
Operating Income	$11.5M+203.1%	$13.5M+19.2%	$5.4M+277.0%	$4.7M-39.2%	$3.8M+418.9%	$11.4M+1528.2%	-$3.1M+55.6%	$7.7M+334.7%
EBITDA	$12.0M+184.1%	$14.0M+19.4%	$5.8M+316.2%	$4.8M	$4.2M	$11.7M+919.1%	-$2.7M+58.9%	N/A
Interest Expense	$721K-70.8%	$1.4M-39.8%	$2.5M+6.0%	$2.5M+6.0%	$2.5M+6.0%	$2.4M+4.5%	$2.4M+6.0%	$2.4M-1.5%
Income Tax	$2.8M+274.2%	$3.2M+249.3%	$1.6M+647.5%	$1.4M+205.4%	$749K+299.7%	$916K+231.4%	-$297K+83.0%	-$1.4M+35.4%
Net Income	$8.4M+249.2%	$9.5M+4.2%	$2.8M+160.1%	$1.9M-78.3%	$2.4M+1009.3%	$9.2M+3145.4%	-$4.6M+20.4%	$8.6M+693.7%
EPS (Basic)	$0.19+280.0%	$0.21+5.0%	$0.06+160.0%	$0.04-77.8%	$0.05	$0.20+1900.0%	-$0.10+23.1%	$0.18+700.0%
EPS (Diluted)	$0.17+240.0%	$0.200.0%	$0.06+160.0%	$0.04-77.8%	$0.05	$0.20	-$0.10+23.1%	$0.18+700.0%
Diluted Shares (Avg)	49M+4.0%	49M+4.1%	47M+4.4%	N/A	47M-3.0%	47M	45M-2.4%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.

MITK Balance Sheet

MITK quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$459.1M+11.0%	$413.8M+2.1%	$405.4M+11.2%	$364.5M-13.2%	$419.7M+148.1%	$169.2M+24.5%	$135.9M+6.9%	$127.2M+77.3%	$71.7M+48.2%	$48.4M+24.9%	$38.7M+24.6%	$31.1M-5.3%	$32.9M+96.5%	$16.7M-15.8%	$19.9M
Current Assets	$248.5M+34.3%	$185.1M-2.6%	$190.0M+37.8%	$137.9M-32.4%	$204.1M+142.6%	$84.1M+55.4%	$54.1M+43.9%	$37.6M-26.0%	$50.9M+26.2%	$40.3M+28.3%	$31.4M+13.4%	$27.7M-11.2%	$31.2M+121.1%	$14.1M-26.2%	$19.1M
Cash & Equivalents	$154.2M+64.9%	$93.5M+58.6%	$58.9M+83.8%	$32.1M+5.8%	$30.3M+51.7%	$20.0M+19.3%	$16.7M+85.5%	$9.0M-26.5%	$12.3M+36.4%	$9.0M+227.3%	$2.8M-64.6%	$7.8M-66.7%	$23.3M+247.6%	$6.7M+18.5%	$5.7M
Short-Term Investments	$38.9M+5.4%	$36.9M-50.6%	$74.7M+28.2%	$58.3M-60.9%	$149.1M+272.3%	$40.0M+142.6%	$16.5M+95.3%	$8.4M-72.1%	$30.3M+21.8%	$24.9M+3.9%	$23.9M+47.0%	$16.3M+183.9%	$5.7M-1.5%	$5.8M-42.9%	$10.2M
Accounts Receivable	$36.8M+16.2%	$31.7M-1.4%	$32.1M-10.6%	$35.9M+116.4%	$16.6M+6.3%	$15.6M+4.5%	$14.9M-11.2%	$16.8M+136.9%	$7.1M+43.4%	$4.9M+25.7%	$3.9M+33.2%	$3.0M+97.7%	$1.5M+36.2%	$1.1M-62.9%	$3.0M
Long-Term Investments	$3.5M-69.6%	$11.4M+775.0%	$1.3M-87.7%	$10.6M-77.9%	$48.1M+2347.8%	$2.0M+26.5%	$1.6M	$0-100.0%	$3.8M+93.6%	$2.0M	$0-100.0%	$2.1M	$0-100.0%	$2.1M+399.9%	$417K
Goodwill	$133.5M+1.4%	$131.6M+6.5%	$123.5M+6.8%	$115.6M+83.3%	$63.1M+76.9%	$35.7M+9.3%	$32.6M-5.1%	$34.4M+1041.6%	$3.0M+5.3%	$2.9M-0.3%	$2.9M	$0	N/A	N/A	N/A
Total Liabilities	$218.9M+10.0%	$199.0M-0.6%	$200.2M+3.5%	$193.5M-14.7%	$226.9M+514.6%	$36.9M+29.2%	$28.6M-10.1%	$31.8M+208.0%	$10.3M+15.9%	$8.9M+7.1%	$8.3M+16.1%	$7.2M+0.5%	$7.1M+125.0%	$3.2M+76.3%	$1.8M
Current Liabilities	$209.0M+396.0%	$42.1M-18.2%	$51.5M+6.3%	$48.5M+23.6%	$39.2M+61.0%	$24.4M+21.5%	$20.0M-1.8%	$20.4M+114.0%	$9.5M+14.5%	$8.3M+12.5%	$7.4M+19.2%	$6.2M+6.8%	$5.8M+87.5%	$3.1M+75.0%	$1.8M
Non-Current Liabilities	$9.8M-93.7%	$156.8M+5.5%	$148.7M+2.5%	$145.0M-22.7%	$187.7M+1394.7%	$12.6M+47.4%	$8.5M-25.0%	$11.3M+1360.6%	$777K+35.6%	$573K-37.0%	$909K-4.2%	$949K-27.3%	$1.3M+1954.2%	$64K+175.7%	$23K
Long-Term Debt	$0-100.0%	$2.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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+23.2%	$107.3M+12.5%	$95.4M+55.3%	$61.4M+55.5%	$39.5M+29.7%	$30.4M+27.1%	$23.9M-6.9%	$25.7M+89.8%	$13.6M-24.9%	$18.1M
Retained Earnings	-$26.2M+13.4%	-$30.3M-225.0%	-$9.3M+46.3%	-$17.3M-185.8%	-$6.1M+56.7%	-$14.0M+32.7%	-$20.8M+0.9%	-$21.0M-20.4%	-$17.4M+44.7%	-$31.5M+5.8%	-$33.5M+7.0%	-$36.0M-17.2%	-$30.7M-31.0%	-$23.5M-50.2%	-$15.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$368.1M-17.6%	$356.9M-16.1%	$446.5M+12.8%	$459.1M+11.0%	$446.7M+9.2%	$425.3M+2.0%	$396.0M-2.3%	$413.8M+2.1%
Current Assets	$167.9M-25.7%	$156.5M-23.2%	$239.1M+35.2%	$248.5M+34.3%	$225.9M+15.4%	$203.9M+1.1%	$176.8M-4.9%	$185.1M-2.6%
Cash & Equivalents	$90.0M-29.2%	$69.2M-33.9%	$175.1M+93.3%	$154.2M+64.9%	$127.1M+50.7%	$104.7M+29.4%	$90.6M+40.4%	$93.5M+58.6%
Short-Term Investments	$9.7M-75.8%	$8.4M-73.3%	$15.0M-51.1%	$38.9M+5.4%	$39.9M+3.2%	$31.5M-26.8%	$30.6M-48.5%	$36.9M-50.6%
Accounts Receivable	$52.3M+30.1%	$63.3M+27.0%	$31.9M-1.3%	$36.8M+16.2%	$40.2M-3.4%	$49.9M-4.2%	$32.3M-8.3%	$31.7M-1.4%
Long-Term Investments	$450K-94.6%	$0-100.0%	$1.7M-89.7%	$3.5M-69.6%	$8.3M-18.2%	$16.2M+155.8%	$16.7M	$11.4M+775.0%
Goodwill	$131.3M-2.5%	$131.4M+2.6%	$133.4M+6.8%	$133.5M+1.4%	$134.7M+6.7%	$128.1M+1.3%	$124.9M-2.2%	$131.6M+6.5%
Total Liabilities	$117.5M-43.8%	$117.5M-42.7%	$212.8M+9.1%	$218.9M+10.0%	$209.1M+4.8%	$205.1M+2.1%	$195.0M+1.8%	$199.0M-0.6%
Current Liabilities	$61.2M-69.2%	$59.9M-69.3%	$203.1M+426.9%	$209.0M+396.0%	$198.8M+352.8%	$195.6M+313.8%	$38.5M-2.7%	$42.1M-18.2%
Non-Current Liabilities	$56.3M+446.1%	$57.5M+501.1%	$9.7M-93.8%	$9.8M-93.7%	$10.3M-93.4%	$9.6M-93.8%	$156.5M+3.0%	$156.8M+5.5%
Long-Term Debt	$46.6M	$47.5M	$4.8M	$0-100.0%	N/A	N/A	N/A	$2.7M
Total Equity	$250.5M+5.4%	$239.5M+8.7%	$233.7M+16.3%	$240.3M+11.9%	$237.6M+13.3%	$220.2M+1.9%	$200.9M-6.0%	$214.8M+4.7%
Retained Earnings	-$23.3M+12.3%	-$31.7M-9.3%	-$33.4M+12.4%	-$26.2M+13.4%	-$26.6M-7.9%	-$29.0M-95.5%	-$38.1M-152.5%	-$30.3M-225.0%

Not reported in any period shown, so not listed: Inventory.

MITK Cash Flow Statement

MITK quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$53.7M	$55.3M+74.6%	$31.7M+0.3%	$31.6M+49.6%	$21.1M-43.4%	$37.3M+54.8%	$24.1M+69.3%	$14.3M+153.3%	$5.6M-46.1%	$10.4M+33.0%	$7.9M+28.6%	$6.1M+347.3%	-$2.5M-301.4%	-$615K+65.4%	-$1.8M-662.6%	$316K
Depreciation & Amortization	N/A	$1.3M-27.8%	$1.8M+5.9%	$1.7M+21.3%	$1.4M-2.6%	$1.4M-4.3%	$1.5M+8.4%	$1.4M+125.7%	$615K+91.0%	$322K-59.2%	$790K+82.4%	$433K-8.0%	$471K+45.6%	$323K+39.4%	$232K+29.4%	$179K
Stock-Based Compensation	N/A	$16.8M+33.2%	$12.6M+20.7%	$10.5M-21.6%	$13.3M+15.7%	$11.5M+20.7%	$9.6M-0.9%	$9.6M+7.7%	$8.9M+63.4%	$5.5M+34.3%	$4.1M+21.1%	$3.4M-2.2%	$3.4M+23.4%	$2.8M+7.4%	$2.6M+104.5%	$1.3M
Capital Expenditures	$5.1M	$1.2M-19.7%	$1.4M+39.1%	$1.0M-8.2%	$1.1M-18.8%	$1.4M+72.7%	$803K-24.5%	$1.1M-75.3%	$4.3M+782.6%	$488K+95.2%	$250K+242.5%	$73K-45.9%	$135K-91.0%	$1.5M+340.8%	$340K+66.2%	$204K
Free Cash Flow	$48.6M	$54.2M+79.1%	$30.3M-1.0%	$30.6M+52.8%	$20.0M-44.4%	$36.0M+54.2%	$23.3M+76.8%	$13.2M+899.8%	$1.3M-86.8%	$10.0M+30.9%	$7.6M+26.1%	$6.0M+331.6%	-$2.6M-23.3%	-$2.1M+0.3%	-$2.1M-1994.7%	$112K
Investing Cash Flow	$33.7M	$5.8M-79.7%	$28.7M+523.7%	-$6.8M-499.1%	$1.7M+101.0%	-$170.5M-590.1%	-$24.7M-135.1%	-$10.5M-24.7%	-$8.4M-8.3%	-$7.8M-136.7%	-$3.3M+71.0%	-$11.3M	N/A	$571K-72.9%	$2.1M+119.5%	-$10.8M
Financing Cash Flow	-$124.0M	-$1.8M+92.9%	-$25.9M-1621.6%	$1.7M+108.0%	-$21.1M-114.7%	$143.7M+4122.2%	$3.4M-22.4%	$4.4M+1121.7%	-$429K-162.4%	$687K-60.4%	$1.7M+666.8%	$226K	N/A	$16.6M+2219.1%	$717K-95.2%	$14.9M
Share Buybacks	$21.3M	$4.7M-80.4%	$24.2M	$0-100.0%	$15.2M+7887.4%	$190K-81.0%	$1.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$27.2M+25.9%	-$945K-106.9%	$8.0M+1319.1%	$19.5M-7.8%	$21.6M+66.1%	$13.7M+94.5%	$565K+106.0%	$21.1M+507.6%
Depreciation & Amortization	$504K+16.7%	$428K+24.4%	$353K-10.6%	$129K	$432K	$344K-23.7%	$395K+1.0%	N/A
Stock-Based Compensation	$4.9M+10.6%	$5.0M+14.9%	$2.7M-39.7%	N/A	$4.4M+23.3%	$4.4M+11.9%	$4.5M+30.2%	N/A
Capital Expenditures	$1.8M+459.3%	$1.6M+569.0%	$1.4M+325.7%	$259K-8.5%	$329K-23.7%	$232K-52.0%	$335K+39.0%	$283K-25.1%
Free Cash Flow	$25.3M+19.2%	-$2.5M-118.5%	$6.6M+2766.1%	$19.2M-7.8%	$21.2M+69.2%	$13.5M+105.3%	$230K+102.4%	$20.8M+572.7%
Investing Cash Flow	-$3.5M-440.3%	$6.7M+1874.7%	$24.4M+2806.7%	$6.0M+559.0%	-$648K-244.6%	-$380K-104.0%	$840K-95.3%	$914K+102.8%
Financing Cash Flow	-$2.6M-132050.0%	-$111.1M-308736.1%	-$11.5M-267.9%	$1.2M+109.6%	-$2K+100.0%	$36K-63.6%	-$3.1M-0.5%	-$13.0M-3470.7%
Share Buybacks	$2.0M+200000.0%	$7.8M+779300.0%	$10.0M+206.9%	$1.5M-89.5%	$1K-100.0%	$1K	$3.3M	$14.1M

Not reported in any period shown, so not listed: Dividends Paid.

MITK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MITK quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	9.3%+8.0pp	1.3%-7.7pp	9.0%+0.6pp	8.4%-2.6pp	11.1%+2.3pp	8.8%+14.2pp	-5.4%+6.9pp	-12.3%-18.4pp	6.1%+0.8pp	5.3%-2.2pp	7.5%+35.7pp	-28.2%+21.1pp	-49.3%+37.4pp	-86.7%-89.2pp	2.5%
Net Margin	4.9%+3.0pp	1.9%-2.8pp	4.7%+2.1pp	2.5%-4.1pp	6.7%-1.0pp	7.7%+8.6pp	-0.9%+17.7pp	-18.6%-49.6pp	31.1%+25.4pp	5.7%-4.3pp	10.0%+37.6pp	-27.6%+21.5pp	-49.1%+37.1pp	-86.2%-85.0pp	-1.2%
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%+6.6pp	-0.7%+11.7pp	-12.4%-35.3pp	22.9%+18.0pp	5.0%-3.3pp	8.3%+30.4pp	-22.1%+6.2pp	-28.3%+29.6pp	-57.8%-57.1pp	-0.7%
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%+5.1pp	-0.5%+8.8pp	-9.3%-28.9pp	19.7%+15.6pp	4.0%-2.5pp	6.5%+23.5pp	-17.0%+5.1pp	-22.1%+24.7pp	-46.9%-46.3pp	-0.6%
Current Ratio	1.19-3.2x	4.39+0.7x	3.69+0.8x	2.84-2.4x	5.20+1.8x	3.45+0.8x	2.70+0.9x	1.84-3.5x	5.34+0.5x	4.84+0.6x	4.24-0.2x	4.46-0.9x	5.36+0.8x	4.55-6.2x	10.78
Debt-to-Equity	0.000.0x	0.01-1.0x	0.98-0.2x	1.130.0x	1.18+0.9x	0.280.0x	0.27-0.1x	0.33+0.2x	0.17-0.1x	0.230.0x	0.270.0x	0.300.0x	0.280.0x	0.23+0.1x	0.10
Asset Turnover	0.390.0x	0.420.0x	0.430.0x	0.40+0.1x	0.29-0.3x	0.600.0x	0.62+0.1x	0.50-0.1x	0.63-0.1x	0.72+0.1x	0.650.0x	0.62+0.2x	0.45-0.1x	0.540.0x	0.52
FCF Margin	30.1%+12.6pp	17.6%-0.1pp	17.7%+3.9pp	13.8%-16.2pp	30.0%+7.0pp	23.0%+7.4pp	15.6%+13.5pp	2.1%-19.9pp	21.9%0.0pp	21.9%-1.9pp	23.8%+37.4pp	-13.6%+0.7pp	-14.3%+9.0pp	-23.3%-24.4pp	1.1%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Margin	21.4%+13.0pp	24.7%+2.8pp	12.3%+20.6pp	10.5%-7.4pp	8.3%+6.7pp	21.9%+20.4pp	-8.3%+10.5pp	17.8%+26.6pp
Net Margin	15.5%+10.2pp	17.4%-0.2pp	6.3%+18.6pp	4.2%-15.7pp	5.2%+4.8pp	17.6%+17.0pp	-12.4%+3.3pp	19.8%+23.7pp
Return on Equity	3.3%+2.3pp	4.0%-0.2pp	1.2%+3.5pp	0.8%-3.2pp	1.0%+0.9pp	4.2%+4.0pp	-2.3%+0.4pp	4.0%+4.7pp
Return on Assets	2.3%+1.7pp	2.7%+0.5pp	0.6%+1.8pp	0.4%-1.7pp	0.5%+0.5pp	2.1%+2.1pp	-1.2%+0.3pp	2.1%+2.4pp
Current Ratio	2.74+1.6x	2.61+1.6x	1.18-3.4x	1.19-3.2x	1.14-3.3x	1.04-3.2x	4.59-0.1x	4.39+0.7x
Debt-to-Equity	0.19-0.7x	0.20-0.7x	0.02-1.0x	0.000.0x	0.88-0.1x	0.930.0x	0.97+0.1x	0.01-1.0x
Asset Turnover	0.150.0x	0.150.0x	0.100.0x	0.100.0x	0.100.0x	0.120.0x	0.090.0x	0.100.0x
FCF Margin	46.9%+0.4pp	-4.5%-30.6pp	14.9%+14.3pp	42.9%-5.3pp	46.5%+18.5pp	26.0%+12.0pp	0.6%+26.9pp	48.2%+40.0pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Mitek Systems, Inc. MITK	FY2025	$179.7M	$8.8M	4.9%	$754.0M	60/100
ALT5 Sigma Corporation ALTS	FY2025	$24.8M	-$344.5M	N/A	$119.6M	23/100
Digital Turbine, Inc. APPS	FY2026	$565.3M	-$37.7M	-6.7%	$1.3B	24/100
Cerence Inc. CRNC	FY2025	$251.8M	-$18.7M	-7.4%	$381.3M	27/100
AMTD Digital Inc. HKD	FY2025	$136.1M	$97.0M	71.3%	$543.7M	58/100
Red Violet, Inc. RDVT	FY2025	$90.3M	$13.2M	14.6%	$1.3B	78/100

Where Mitek Systems, Inc. Ranks

Frequently Asked Questions

What is Mitek Systems, Inc.'s annual revenue?

Mitek Systems, Inc. (MITK) reported $179.7M in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mitek Systems, Inc.'s revenue growing?

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

Is Mitek Systems, Inc. profitable?

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

What is Mitek Systems, Inc.'s EBITDA?

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

How much debt does Mitek Systems, Inc. have?

As of fiscal year 2025, Mitek Systems, Inc. (MITK) had $154.2M in cash and equivalents against $0 in long-term debt.

What is Mitek Systems, Inc.'s operating margin?

Mitek Systems, 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 Systems, Inc.'s net profit margin?

Mitek Systems, 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 Systems, Inc.'s return on equity (ROE)?

Mitek Systems, 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 Systems, Inc.'s free cash flow?

Mitek Systems, Inc. (MITK) generated $54.2M in free cash flow during fiscal year 2025. This represents a 79.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Mitek Systems, Inc.'s operating cash flow?

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

What are Mitek Systems, Inc.'s total assets?

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

What are Mitek Systems, Inc.'s capital expenditures?

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

How much does Mitek Systems, Inc. spend on research and development?

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

Does Mitek Systems, Inc. buy back shares?

Yes, Mitek Systems, 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 Systems, Inc. have outstanding?

Mitek Systems, Inc. (MITK) had 46M shares outstanding as of fiscal year 2025.

What is Mitek Systems, Inc.'s current ratio?

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

What is Mitek Systems, Inc.'s debt-to-equity ratio?

Mitek Systems, Inc. (MITK) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mitek Systems, Inc.'s return on assets (ROA)?

Mitek Systems, 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.

What is Mitek Systems, Inc.'s P/E ratio?

Mitek Systems, Inc. (MITK) trades at 33.5x earnings, its market capitalization divided by net income of $22.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $754.0M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Mitek Systems, Inc.'s price-to-sales ratio?

Mitek Systems, Inc. (MITK) trades at 3.8x sales, its market capitalization divided by revenue of $197.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $754.0M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Mitek Systems, Inc.'s Altman Z-Score?

Mitek Systems, Inc. (MITK) has an Altman Z-Score of 2.60, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mitek Systems, Inc.'s Piotroski F-Score?

Mitek Systems, Inc. (MITK) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mitek Systems, Inc.'s earnings high quality?

Mitek Systems, Inc. (MITK) has an earnings quality ratio of 6.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Mitek Systems, Inc. cover its interest payments?

Mitek Systems, Inc. (MITK) has an interest coverage ratio of 1.72x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Mitek Systems, Inc.?

Mitek Systems, Inc. (MITK) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.