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Mitek Systems(NASDAQ) MITK

Market Cap$837.02MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1992)+3,598%
5 Year-14%
1 Year+87%
1 Month-4%
$18.59
+0.51%
+0.10Today
After hours$18.55-$0.03 (-0.19%)
Mitek Systems last closing stock price
MetricPriceDate
Last closeUSD 18.552026-08-10
Mitek Systems stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+9.18%USD 16.992026-08-03
1 month-4.04%USD 19.332026-07-10
3 month+26.45%USD 14.672026-05-12
Year to date+75.83%USD 10.552025-12-31
1 year+86.71%USD 9.942025-08-08
3 year+62.58%USD 11.412023-08-11
5 year-14.08%USD 21.592021-08-11
Since inception+3,598%USD 0.501992-06-15

Mitek Systems Financials at a Glance

Market Cap

$837.02MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$197.90M

Net Income (TTM)

$22.54M

EPS (TTM)

$0.47

P/E Ratio

39.78

Dividend

$0.00

Beta (Volatility)

1.18 (Average)

Price

$18.59

Volume

1,481,411.876

Open

$18.16

Previous Close

$18.55

Daily Range

$17.94 - $18.89

52-Week Range

$8.53 - $21.05

Estimated Earnings Date

Aug 6, 2026

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About Mitek Systems

Mitek helps people prove who they are online. It makes depositing checks with a phone safe. Banks use this tech to stop identity theft.

What Mitek Sells

  • Fraud and Identity Solutions: Provides facial and voice biometrics, which are physical traits used for identification; generated $25.5 million in revenue in Q1 2026.
  • Check Verification Solutions: Employs artificial intelligence, or computer systems that perform complex tasks, to process checks; generated $18.8 million in revenue in Q1 2026.
  • Mobile Deposit: Enables remote check deposits using a tablet or smartphone camera for consumers and businesses.
  • MiSnap: Serves as a software kit used by mobile apps to capture high-quality document images.

Recent Growth Moves

  • Borrowed $50 million through a term loan in January 2026.
  • Approved a $50 million share repurchase program in February 2026 to buy back common stock.
  • Repaid $155.3 million in convertible senior notes in full on February 1, 2026.
  • Integrated previous technology acquisitions from ID R&D, Inc. and A2iA Corp.

Patents and Scale

Mitek holds 111 issued patents and supports over 7,000 organizations globally. Its technology handles roughly 1.2 billion check transactions every year for financial institutions and digital marketplaces.

A Look at the Numbers

  • Total revenue reached $44.2 million in Q1 2026, up 18.8% from Q1 2025.
  • Net income hit $2.8 million in Q1 2026, improving from a $4.6 million loss in Q1 2025.
  • Operating cash flow grew to $8 million in Q1 2026, up from $565,000 in Q1 2025.
  • Free cash flow rose to $6.6 million in Q1 2026, up from $230,000 in Q1 2025.

Company Evolution

Mitek has evolved from specialized image capture into a global provider of digital identity and fraud prevention. The company focuses on securing digital transactions as financial threats become more complex.

AI Generated • May 4, 2026

Industry

Software

Employees

595

CEO

Edward Hamilton West

Headquarters

San Diego, CA 92101, US

MITK Financials

Key Financial Metrics (TTM)

Gross Margin

87.92%

Operating Margin

17.80%

Net Income Margin

11.39%

Return on Equity

9.35%

Return on Capital

4.25%

Return on Assets

6.12%

Earnings Yield

2.51%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$837.02MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

45.12M

Volume

1.48M

Avg. Volume

1.04M

Financials (TTM)

Gross Profit

$173.99M

Operating Income

$35.22M

EBITDA

$61.59M

Operating Cash Flow

$60.76M

Capital Expenditure

-$8.06M

Free Cash Flow

$52.71M

Cash & ST Invst.

$99.71M

Total Debt

$51.68M

Mitek Systems Performance Analysis

Mitek Systems annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 144,804,00020.9%
20232023-09-30USD 172,552,00019.2%
20242024-09-30USD 172,083,000-0.3%
20252025-09-30USD 179,691,0004.4%
Mitek Systems sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-30-2.1%
Q12025-12-31-1.2%
Q22026-03-3124.0%
Q32026-06-30-1.5%
Mitek Systems annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 0.08-54.4%
20232023-09-30USD 0.17114.1%
20242024-09-30USD 0.07-60.0%
20252025-09-30USD 0.19171.2%
Mitek Systems sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-09-30-23.1%
Q12025-12-3149.6%
Q22026-03-31240.1%
Q32026-06-30-15.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$54.04M

+18.2%

Gross Profit

$45.86M

+18.5%

Gross Margin

84.86%

N/A

Market Cap

$837.02MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.45M

N/A

Employees

578

N/A

Net Income

$8.37M

+249.2%

EBITDA

$23.09M

+140.4%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$99.71M

-40.3%

Total Debt

$51.68M

-66.2%

Accounts Receivable

$61.07M

+16.6%

Inventory

$0.00

N/A

Long Term Debt

$49.34M

+2291.5%

Short Term Debt

$4.64M

-96.9%

Return on Assets

6.12%

N/A

Return on Invested Capital

11.48%

N/A

Free Cash Flow

$29.41M

+38.5%

Operating Cash Flow

$34.23M

+58.7%

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Questions About MITK

What is the current price of Mitek Systems?

Mitek Systems is trading at $18.55 per share.

What is the 52-week range for Mitek Systems?

Over the past 52 weeks, Mitek Systems has traded between $8.53 and $21.05.

How much debt does Mitek Systems have?

As of the most recent reporting period, Mitek Systems reported total debt of $51.68M.

How much cash does Mitek Systems have on hand?

Mitek Systems reported $90.05M in cash and cash equivalents in its most recent financial results.

What is Mitek Systems’s dividend yield?

Mitek Systems does not currently have a dividend yield.

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