Symbols / MITK Stock $13.88 +1.95% Mitek Systems, Inc.

Technology • Software - Application • United States • NCM
MITK (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Edward H. West
Exch · Country NCM · United States
Market Cap 628.76M
Enterprise Value 588.71M
Income 16.18M
Sales 186.68M
FCF (ttm) 64.97M
Book/sh 5.16
Cash/sh 4.19
Employees 561
Insider 10d —
IPO Jan 03, 1989
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 39.64
Forward P/E 11.10
PEG 1.38
P/S 3.37
P/B 2.69
P/C —
EV/EBITDA 14.70
EV/Sales 3.15
Quick Ratio 1.15
Current Ratio 1.18
Debt/Eq 69.35
LT Debt/Eq —
EPS (ttm) 0.35
EPS next Y 1.25
EPS Growth —
Revenue Growth 18.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-05
ROA 3.84%
ROE 7.45%
ROIC —
Gross Margin 84.33%
Oper. Margin 13.46%
Profit Margin 8.67%
Shs Outstand 45.32M
Shs Float 44.19M
Insider Own 2.94%
Instit Own 82.54%
Short Float 6.53%
Short Ratio 3.73
Short Interest 2.91M
52W High 15.80
vs 52W High -12.18%
52W Low 8.07
vs 52W Low 71.93%
Beta 1.03
Impl. Vol. 96.78%
Rel Volume 0.33
Avg Volume 958.75K
Volume 315.07K
Target (mean) $15.75
Tgt Median $16.00
Tgt Low $14.00
Tgt High $17.00
# Analysts 4
Recom Strong_buy
Prev Close $13.61
Price $13.88
Change 1.95%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.75
Mean price target
2. Current target
$13.88
Latest analyst target
3. DCF / Fair value
$25.81
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.88
Low
$14.00
High
$17.00
Mean
$15.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 up Jefferies Hold → Buy $15
2025-02-11 main Maxim Group Buy → Buy $14
2025-02-11 reit HC Wainwright & Co. Buy → Buy $13
2024-12-17 main HC Wainwright & Co. Buy → Buy $13
2024-09-04 down Jefferies Buy → Hold $10
2024-08-12 main HC Wainwright & Co. Buy → Buy $11
2024-08-12 main Maxim Group Buy → Buy $13
2024-08-09 main Craig-Hallum Buy → Buy $15
2024-05-14 reit HC Wainwright & Co. Buy → Buy $19
2024-04-16 main Craig-Hallum Buy → Buy $19
2024-04-16 reit HC Wainwright & Co. Buy → Buy $19
2024-03-20 reit HC Wainwright & Co. Buy → Buy $19
2023-12-14 init Craig-Hallum — → Buy $17
2023-09-15 reit HC Wainwright & Co. Buy → Buy $19
2023-07-03 reit HC Wainwright & Co. Buy → Buy $19
2023-06-15 reit HC Wainwright & Co. Buy → Buy $19
2023-05-09 reit HC Wainwright & Co. — → Buy $19
2022-07-29 main HC Wainwright & Co. — → Buy $19
2022-04-29 main HC Wainwright & Co. — → Buy $22
2021-08-12 init HC Wainwright & Co. — → Buy $27
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-28 GAFKE GARRETT Chief Operating Officer — 152,529 $13.92 $2,123,204
2026-04-24 GAFKE GARRETT Chief Operating Officer — 240,384 — —
2026-03-03 GRAY JASON L General Counsel — 73,174 $14.74 $1,078,585
2026-03-03 GRAY JASON L General Counsel — 63,174 $8.60 $570,578
2026-03-03 CARTER SCOTT R. Director — 11,448 $0.00 $0
2026-03-03 WELLS DONNA C Director — 11,448 $0.00 $0
2026-03-03 REPO SUSAN Director — 11,448 $0.00 $0
2026-03-03 ROSSI MARK ALAN Director — 11,448 $0.00 $0
2026-03-03 FAY JAMES DANIEL Director — 11,448 $0.00 $0
2026-03-03 GUPTA RAHUL Director — 11,448 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
179.69
+4.42%
172.08
-0.27%
172.55
+19.16%
144.80
Operating Revenue
179.69
+4.42%
172.08
-0.27%
172.55
+19.16%
144.80
Cost Of Revenue
26.79
+9.81%
24.39
+6.29%
22.95
+14.71%
20.01
Reconciled Cost Of Revenue
25.47
+11.84%
22.77
-2.16%
23.28
+15.06%
20.23
Gross Profit
152.90
+3.53%
147.69
-1.28%
149.60
+19.88%
124.80
Operating Expense
135.27
-5.86%
143.69
+8.92%
131.92
+19.07%
110.80
Research And Development
35.28
+1.85%
34.64
+19.50%
28.99
-3.99%
30.19
Selling General And Administration
85.85
-8.44%
93.76
+11.77%
83.89
+28.21%
65.43
Selling And Marketing Expense
41.52
+1.83%
40.77
+0.54%
40.55
+4.40%
38.84
General And Administrative Expense
44.33
-16.34%
52.99
+22.28%
43.34
+62.98%
26.59
Other Gand A
44.33
-16.34%
52.99
+22.28%
43.34
+62.98%
26.59
Total Expenses
162.06
-3.59%
168.09
+8.53%
154.87
+18.40%
130.80
Operating Income
17.63
+341.52%
3.99
-77.41%
17.68
+26.27%
14.00
Total Operating Income As Reported
16.79
+652.58%
2.23
-85.67%
15.56
+27.57%
12.20
EBITDA
36.85
+45.86%
25.26
-34.30%
38.45
+42.38%
27.01
Normalized EBITDA
37.69
+39.46%
27.02
-33.38%
40.56
+40.82%
28.81
Reconciled Depreciation
15.46
-8.59%
16.91
-9.66%
18.72
+25.23%
14.95
EBIT
21.39
+156.14%
8.35
-56.97%
19.40
+63.97%
11.83
Total Unusual Items
-0.84
+52.33%
-1.76
+16.65%
-2.11
-17.44%
-1.80
Total Unusual Items Excluding Goodwill
-0.84
+52.33%
-1.76
+16.65%
-2.11
-17.44%
-1.80
Special Income Charges
-0.84
+52.33%
-1.76
+16.65%
-2.11
-17.44%
-1.80
Restructuring And Mergern Acquisition
0.84
-52.33%
1.76
-16.65%
2.11
+17.44%
1.80
Net Income
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Pretax Income
11.61
+1377.12%
-0.91
-108.79%
10.34
+187.09%
3.60
Net Non Operating Interest Income Expense
-9.78
-5.62%
-9.26
-2.16%
-9.06
-10.09%
-8.23
Interest Expense Non Operating
9.78
+5.62%
9.26
+2.16%
9.06
+10.09%
8.23
Net Interest Income
-9.78
-5.62%
-9.26
-2.16%
-9.06
-10.09%
-8.23
Interest Expense
9.78
+5.62%
9.26
+2.16%
9.06
+10.09%
8.23
Other Income Expense
3.76
-13.75%
4.36
+152.43%
1.73
+179.69%
-2.17
Other Non Operating Income Expenses
4.60
-24.86%
6.12
+59.35%
3.84
+1149.18%
-0.37
Tax Provision
2.81
+167.18%
-4.19
-280.94%
2.31
+2615.22%
-0.09
Tax Rate For Calcs
0.00
+15.39%
0.00
-4.55%
0.00
+4.76%
0.00
Tax Effect Of Unusual Items
-0.20
+44.99%
-0.37
+20.44%
-0.47
-23.04%
-0.38
Net Income Including Noncontrolling Interests
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Net Income From Continuing Operation Net Minority Interest
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Net Income From Continuing And Discontinued Operation
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Net Income Continuous Operations
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Normalized Income
9.43
+101.98%
4.67
-51.74%
9.68
+89.13%
5.12
Net Income Common Stockholders
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Diluted EPS
0.19
+171.43%
0.07
-58.82%
0.17
+142.86%
0.07
Basic EPS
0.19
+171.43%
0.07
-61.11%
0.18
+157.14%
0.07
Basic Average Shares
45.72
-1.81%
46.56
+2.26%
45.53
+2.10%
44.59
Diluted Average Shares
46.93
-1.14%
47.47
+2.17%
46.46
+1.49%
45.78
Diluted NI Availto Com Stockholders
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Amortization
14.14
-7.51%
15.29
-19.72%
19.05
+25.53%
15.17
Amortization Of Intangibles Income Statement
14.14
-7.51%
15.29
-19.72%
19.05
+25.53%
15.17
Depreciation Amortization Depletion Income Statement
14.14
-7.51%
15.29
-19.72%
19.05
+25.53%
15.17
Depreciation And Amortization In Income Statement
14.14
-7.51%
15.29
-19.72%
19.05
+25.53%
15.17
Line Item Trend 2022-09-30 2021-09-30
Total Assets
364.48
—
Current Assets
137.85
—
Cash Cash Equivalents And Short Term Investments
90.33
—
Cash And Cash Equivalents
32.06
—
Other Short Term Investments
58.27
—
Receivables
42.96
—
Accounts Receivable
35.92
—
Gross Accounts Receivable
36.82
—
Allowance For Doubtful Accounts Receivable
-0.90
—
Other Receivables
7.04
—
Prepaid Assets
1.95
—
Other Current Assets
2.62
—
Total Non Current Assets
226.62
—
Net PPE
8.65
—
Gross PPE
14.70
—
Accumulated Depreciation
-6.06
—
Properties
0.00
—
Machinery Furniture Equipment
7.00
—
Other Properties
5.16
—
Leases
2.55
—
Goodwill And Other Intangible Assets
191.39
—
Goodwill
115.63
—
Other Intangible Assets
75.76
—
Investments And Advances
10.63
—
Non Current Accounts Receivable
4.22
—
Non Current Deferred Assets
10.11
—
Non Current Deferred Taxes Assets
10.11
—
Other Non Current Assets
1.63
—
Total Liabilities Net Minority Interest
193.50
—
Current Liabilities
48.46
—
Payables And Accrued Expenses
16.68
—
Payables
5.18
—
Accounts Payable
4.97
—
Current Accrued Expenses
11.50
—
Total Tax Payable
0.21
—
Income Tax Payable
0.21
—
Current Debt And Capital Lease Obligation
2.11
—
Current Debt
—
—
Other Current Borrowings
—
—
Current Capital Lease Obligation
2.11
—
Current Deferred Liabilities
21.35
—
Current Deferred Revenue
21.35
—
Other Current Liabilities
8.32
—
Total Non Current Liabilities Net Minority Interest
145.04
—
Long Term Debt And Capital Lease Obligation
132.08
—
Long Term Debt
127.97
+5.83%
120.92
Long Term Capital Lease Obligation
4.11
—
Non Current Deferred Liabilities
11.35
—
Non Current Deferred Revenue
1.77
—
Non Current Deferred Taxes Liabilities
9.58
—
Other Non Current Liabilities
1.61
—
Stockholders Equity
170.98
—
Common Stock Equity
170.98
—
Capital Stock
0.04
—
Common Stock
0.04
—
Preferred Stock
0.00
—
Share Issued
44.68
—
Ordinary Shares Number
44.68
—
Treasury Shares Number
0.00
-100.00%
0.01
Additional Paid In Capital
216.49
—
Retained Earnings
-17.34
—
Gains Losses Not Affecting Retained Earnings
-28.22
—
Treasury Stock
0.00
-100.00%
0.14
Other Equity Adjustments
-28.22
—
Total Equity Gross Minority Interest
170.98
—
Total Capitalization
298.95
—
Working Capital
89.40
—
Invested Capital
298.95
—
Total Debt
134.19
—
Net Debt
95.91
+5.86%
90.61
Capital Lease Obligations
6.22
—
Net Tangible Assets
-20.41
—
Tangible Book Value
-20.41
—
Available For Sale Securities
—
—
Derivative Product Liabilities
0.00
-100.00%
48.21
Financial Assets
0.00
-100.00%
48.21
Interest Payable
0.20
—
Investmentin Financial Assets
—
—
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
55.34
+74.64%
31.69
+0.32%
31.59
+49.56%
21.12
Cash Flow From Continuing Operating Activities
55.34
+74.64%
31.69
+0.32%
31.59
+49.56%
21.12
Net Income From Continuing Operations
8.80
+168.33%
3.28
-59.16%
8.03
+117.30%
3.69
Depreciation Amortization Depletion
15.46
-8.59%
16.91
-9.66%
18.72
+25.23%
14.95
Depreciation
1.31
-25.07%
1.75
+1.62%
1.73
+23.27%
1.40
Amortization Cash Flow
14.14
-6.68%
15.16
-10.81%
16.99
+25.43%
13.55
Depreciation And Amortization
15.46
-8.59%
16.91
-9.66%
18.72
+25.23%
14.95
Amortization Of Intangibles
14.14
-6.68%
15.16
-10.81%
16.99
+25.43%
13.55
Other Non Cash Items
10.51
+6.34%
9.88
-11.09%
11.12
+58.78%
7.00
Stock Based Compensation
16.81
+33.16%
12.62
+20.65%
10.46
-21.60%
13.35
Asset Impairment Charge
0.80
+24.11%
0.65
-12.21%
0.74
+57.14%
0.47
Deferred Tax
-9.58
+8.22%
-10.43
-89.85%
-5.50
+38.85%
-8.99
Deferred Income Tax
-9.58
+8.22%
-10.43
-89.85%
-5.50
+38.85%
-8.99
Operating Gains Losses
0.31
—
—
—
Change In Working Capital
13.34
+850.61%
1.40
+112.46%
-11.26
-2.02%
-11.04
Change In Receivables
-0.21
-104.09%
5.09
+157.23%
-8.89
+60.60%
-22.57
Changes In Account Receivables
-5.70
-1265.03%
0.49
-86.34%
3.58
+118.38%
-19.47
Change In Payables And Accrued Expense
5.52
+215.74%
-4.77
-166.69%
7.15
+410.56%
1.40
Change In Accrued Expense
6.36
+2550.83%
0.24
+125.03%
-0.96
+20.35%
-1.20
Change In Payable
-0.84
+83.21%
-5.01
-161.76%
8.11
+211.40%
2.60
Change In Account Payable
-3.37
-649.11%
-0.45
-117.75%
2.54
+16.12%
2.18
Change In Other Working Capital
7.95
+146.79%
3.22
+161.74%
-5.22
-152.43%
9.95
Change In Other Current Assets
-1.29
+15.71%
-1.53
+41.85%
-2.64
-196.74%
-0.89
Change In Other Current Liabilities
1.37
+326.87%
-0.60
+63.76%
-1.66
-255.37%
1.07
Investing Cash Flow
5.83
-79.70%
28.75
+523.73%
-6.78
-499.06%
1.70
Cash Flow From Continuing Investing Activities
5.83
-79.70%
28.75
+523.73%
-6.78
-499.06%
1.70
Net PPE Purchase And Sale
-1.16
+19.68%
-1.44
-39.07%
-1.03
+8.17%
-1.13
Purchase Of PPE
-1.16
+19.68%
-1.44
-39.07%
-1.03
+8.17%
-1.13
Capital Expenditure
-1.16
+19.68%
-1.44
-39.07%
-1.03
+8.17%
-1.13
Net Investment Purchase And Sale
6.99
-76.84%
30.18
+650.50%
-5.48
-104.37%
125.50
Purchase Of Investment
-40.61
+34.95%
-62.43
+12.96%
-71.73
-50.01%
-47.82
Sale Of Investment
47.60
-48.61%
92.62
+39.80%
66.25
-61.78%
173.32
Net Business Purchase And Sale
0.00
0.00
+100.00%
-0.27
+99.78%
-122.67
Purchase Of Business
0.00
0.00
+100.00%
-0.27
+99.78%
-122.67
Financing Cash Flow
-1.85
+92.87%
-25.88
-1621.58%
1.70
+108.05%
-21.14
Cash Flow From Continuing Financing Activities
-1.85
+92.87%
-25.88
-1621.58%
1.70
+108.05%
-21.14
Net Issuance Payments Of Debt
1.42
+5.60%
1.34
+3822.22%
-0.04
+0.00%
-0.04
Issuance Of Debt
1.69
+13.03%
1.50
0.00
0.00
Repayment Of Debt
-0.28
-76.92%
-0.16
-333.33%
-0.04
+0.00%
-0.04
Long Term Debt Issuance
1.69
+13.03%
1.50
0.00
0.00
Long Term Debt Payments
-0.28
-76.92%
-0.16
-333.33%
-0.04
+0.00%
-0.04
Net Long Term Debt Issuance
1.42
+5.60%
1.34
+3822.22%
-0.04
+0.00%
-0.04
Net Common Stock Issuance
-4.74
+80.41%
-24.18
0.00
+100.00%
-15.18
Common Stock Payments
-4.74
+80.41%
-24.18
0.00
+100.00%
-15.18
Repurchase Of Capital Stock
-4.74
+80.41%
-24.18
0.00
+100.00%
-15.18
Proceeds From Stock Option Exercised
1.70
-9.95%
1.89
+8.75%
1.74
+0.70%
1.73
Net Other Financing Charges
-0.22
+95.46%
-4.93
—
-7.66
Changes In Cash
59.33
+71.71%
34.55
+30.37%
26.50
+1481.32%
1.68
Effect Of Exchange Rate Changes
1.37
+15300.00%
-0.01
-102.56%
0.35
+394.37%
0.07
Beginning Cash Position
93.46
+58.63%
58.91
+83.76%
32.06
+5.76%
30.31
End Cash Position
154.15
+64.95%
93.46
+58.63%
58.91
+83.76%
32.06
Free Cash Flow
54.19
+79.12%
30.25
-0.99%
30.55
+52.81%
19.99
Interest Paid Supplemental Data
1.16
-8.63%
1.27
-9.84%
1.41
+21.39%
1.16
Income Tax Paid Supplemental Data
9.09
-24.21%
11.99
+212.54%
3.84
+411.47%
0.75
Amortization Of Securities
-1.11
+57.81%
-2.62
-263.43%
-0.72
-142.87%
1.68
Change In Income Tax Payable
2.53
+155.48%
-4.56
-181.76%
5.58
+1221.56%
0.42
Change In Tax Payable
2.53
+155.48%
-4.56
-181.76%
5.58
+1221.56%
0.42
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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