Mitek Systems
MITK
17.70
+0.63
+3.69%
Mitek Systems
US · MITK
#3428 by market cap
17.70
+0.63
+3.69%
Live - 5344 symbols - heartbeat 90s ago
· 2026-10-09 20:02
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.73, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +4.42% YoY
Margins
- Gross margin
- 85.09%
- Operating margin
- 9.81%
- Net margin
- 4.90%
Key ratios & quality
- PEG ratioi
- 1.12
- Altman Z-Scorei
- 2.73
PEG uses trailing P/E against the 3-year net income growth rate (33.54%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 63.56M | 84.59M | 101.31M | 119.80M | 144.80M | 172.55M | 172.08M | 179.69M |
| Gross profit | 54.87M | 72.32M | 88.12M | 105.26M | 124.80M | 149.60M | 147.69M | 152.90M |
| Selling & admin expenses | 36.32M | 44.41M | 49.93M | 54.99M | 65.43M | 83.89M | 93.76M | 85.85M |
| Research & development | 18.12M | 21.87M | 22.86M | 28.04M | 30.19M | 28.99M | 34.64M | 35.28M |
| Operating profit | -7.81M | -1.52M | 8.75M | 13.28M | 14.00M | 17.68M | 3.99M | 17.63M |
| Pretax profit | -8.74M | -3.99M | 9.41M | 8.80M | 3.60M | 10.34M | -909.00K | 11.61M |
| Tax | 3.07M | -3.26M | 1.60M | 824.00K | -92.00K | 2.31M | -4.19M | 2.81M |
| Net profit | -11.81M | -724.00K | 7.81M | 7.98M | 3.69M | 8.03M | 3.28M | 8.80M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.33 | -0.02 | 0.18 | 0.18 | 0.08 | 0.17 | 0.07 | 0.19 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 51.93M | 45.73M | 44.78M | 44.24M | 54.84M | 54.04M |
| Gross profit | 45.40M | 38.71M | 37.49M | 35.84M | 46.28M | 45.86M |
| Selling & admin expenses | 20.64M | 22.38M | 21.24M | 19.22M | 21.85M | 22.95M |
| Research & development | 9.77M | 8.96M | 8.24M | 7.37M | 7.57M | 8.06M |
| Operating profit | 11.39M | 3.81M | 4.69M | 5.96M | 13.55M | 11.54M |
| Pretax profit | 10.07M | 3.15M | 3.31M | 4.40M | 12.74M | 11.17M |
| Tax | 916.00K | 749.00K | 1.45M | 1.63M | 3.20M | 2.80M |
| Net profit | 9.15M | 2.40M | 1.86M | 2.77M | 9.54M | 8.37M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.20 | 0.05 | 0.04 | 0.06 | 0.20 | 0.17 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 37.63M | 54.13M | 84.13M | 204.06M | 137.85M | 190.01M | 185.05M | 248.49M |
| Cash & ST investments | 17.48M | 33.25M | 60.02M | 179.37M | 90.33M | 133.61M | 130.34M | 193.01M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 127.15M | 135.90M | 169.15M | 419.69M | 364.48M | 405.38M | 413.75M | 459.11M |
| Total current liabilities | 20.41M | 20.05M | 24.36M | 39.21M | 48.46M | 51.50M | 42.15M | 209.03M |
| Short-term debt | -- | -- | 1.82M | 1.94M | 2.11M | 1.90M | 805.00K | 153.11M |
| Long-term debt | -- | -- | -- | 120.92M | 127.97M | 135.52M | 143.60M | -- |
| Total liabilities | 31,756,000.00 | 28,564,000.00 | 36,911,000.00 | 226,863,000.00 | 193,500,000.00 | 200,187,000.00 | 198,952,000.00 | 218,851,000.00 |
| Total equity | 95.39M | 107.33M | 132.24M | 192.83M | 170.98M | 205.19M | 214.80M | 240.26M |
| Retained earnings | -21.00M | -20.81M | -13.99M | -6.07M | -17.34M | -9.31M | -30.27M | -26.21M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 203.91M | 225.86M | 248.49M | 239.10M | 156.50M | 167.87M |
| Cash & ST investments | 136.17M | 167.07M | 193.01M | 190.08M | 77.59M | 99.71M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 425.34M | 446.72M | 459.11M | 446.45M | 356.94M | 368.06M |
| Total current liabilities | 195.56M | 198.80M | 209.03M | 203.11M | 59.94M | 61.18M |
| Short-term debt | 148.52M | 150.66M | 153.11M | 155.38M | 3.39M | 3.73M |
| Long-term debt | -- | -- | -- | -- | 47.50M | 46.56M |
| Total liabilities | 205,126,000.00 | 209,123,000.00 | 218,851,000.00 | 212,797,000.00 | 117,471,000.00 | 117,532,000.00 |
| Total equity | 220.21M | 237.59M | 240.26M | 233.66M | 239.47M | 250.52M |
| Retained earnings | -28.99M | -26.59M | -26.21M | -33.43M | -31.69M | -23.32M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.63M | 14.25M | 24.12M | 37.34M | 21.12M | 31.59M | 31.69M | 55.34M |
| Depreciation & amortization | 4.64M | 8.41M | 7.94M | 8.94M | 14.95M | 18.72M | 16.91M | 15.46M |
| Free cash flow | 1.32M | 13.19M | 23.32M | 35.95M | 19.99M | 30.55M | 30.25M | 54.19M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -1.00M | -190.00K | -15.18M | 0 | -24.18M | -4.74M |
| Ending cash balance | 9.03M | 16.75M | 19.99M | 30.31M | 32.06M | 58.91M | 93.46M | 154.15M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 13.74M | 21.57M | 19.46M | 8.02M | -945.00K | 27.16M |
| Depreciation & amortization | 3.94M | 3.99M | 3.47M | 3.64M | 3.75M | 3.81M |
| Free cash flow | 13.51M | 21.24M | 19.20M | 6.59M | -2.50M | 25.32M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -1.00K | -1.00K | -1.48M | -10.00M | -7.79M | -2.00M |
| Ending cash balance | 104.70M | 127.12M | 154.15M | 175.12M | 69.19M | 90.05M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -15.06 | -0.71 | 6.52 | 4.91 | 1.67 | 4.28 | 1.56 | 3.87 |
| ROA %i | -11.87 | -0.55 | 5.12 | 2.71 | 0.78 | 2.10 | 0.80 | 2.02 |
| ROIC %i | -15.06 | -0.71 | 6.16 | 5.47 | 3.04 | 4.67 | 2.99 | 4.27 |
| 5-year avg ROE %i | 1.29 | 5.41 | 4.86 | 4.72 | -0.46 | 3.40 | 3.86 | 3.33 |
| EBIT margin %i | -12.28 | -1.80 | 8.64 | 11.63 | 7.62 | 11.25 | 4.85 | 11.90 |
| FCF / sales %i | 2.08 | 15.59 | 23.02 | 30.01 | 17.52 | 17.71 | 17.58 | 30.15 |
| Current ratioi | 1.84 | 2.70 | 3.45 | 5.20 | 2.84 | 3.69 | 4.39 | 1.19 |
| Quick ratioi | 1.68 | 2.52 | 3.32 | 5.10 | 2.75 | 3.57 | 4.22 | 1.16 |
| Debt / assetsi | -- | 0.00 | 4.22 | 30.84 | 36.82 | 34.61 | 35.92 | 33.80 |
| LT debt / equityi | -- | -- | 4.03 | 66.12 | 77.25 | 67.44 | 68.82 | 0.87 |
| Interest coveragei | -- | -- | -- | 2.72 | 1.33 | 2.14 | 0.90 | 2.19 |
| Revenue CAGR (3Y) %i | 35.82 | 34.58 | 30.69 | 23.53 | 19.62 | 19.42 | 12.83 | 7.46 |
| Net income CAGR (3Y) %i | -- | -- | -17.85 | -- | -- | 0.90 | -25.66 | 33.54 |
| FCF CAGR (3Y) %i | -39.75 | 20.14 | 32.80 | 200.95 | 14.88 | 9.42 | -5.60 | 39.42 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 6.11 | 6.94 | 3.87 | 7.45 | 7.21 | 9.23 |
| ROA %i | 3.16 | 3.62 | 2.02 | 3.84 | 4.23 | 5.53 |
| ROIC %i | 5.71 | 6.21 | 4.27 | 6.44 | 6.90 | 7.99 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 12.23 | 14.12 | 11.90 | 16.52 | 17.17 | 19.62 |
| FCF / sales %i | 26.56 | 31.33 | 30.15 | 32.43 | 23.49 | 24.56 |
| Current ratioi | 1.04 | 1.14 | 1.19 | 1.18 | 2.61 | 2.74 |
| Quick ratioi | 1.01 | 1.10 | 1.16 | 1.15 | 2.49 | 2.63 |
| Debt / assetsi | 35.43 | 34.19 | 33.80 | 35.22 | 14.71 | 14.04 |
| LT debt / equityi | 0.99 | 0.87 | 0.87 | 0.80 | 20.51 | 19.14 |
| Interest coveragei | 2.28 | 2.61 | 2.19 | 3.11 | 3.63 | 5.38 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Fraud and identity solutions is the largest reported line at 53.72% of revenue, across 2 reported segments.
- Check verification solutions follows at 46.28%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Fraud and identity solutions53.72%
Check verification solutions46.28%
Quote time 2026-10-09 20:02:20 · For reference only, not investment advice and not tailored to your situation.
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