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Stock research / United States / MITK · Computer Peripheral Equipment, Nec · Nasdaq

Mitek Systems Inc. (MITK)

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Mitek Systems Inc. (MITK) reported revenue of $54 million for Q3 FY2026, the quarter ended 30 June 2026, up 18.2% on the same quarter a year earlier. Net income was $8 million, up 249.2% on the year, and diluted earnings per share $0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$54 millionup 18.2%
Net income$8 millionup 249.2%
Diluted EPS$0.17
QuarterQ3 FY2026ended 30 June 2026

Mitek Systems (MITK) in brief

Mitek Systems (MITK) reported revenue of $180 million for fiscal 2025, the year ended 30 September 2025, up 4.4% on the year before.
Read moreNet income was $9 million and diluted earnings per share $0.19. Revenue was $172 million in fiscal 2024, $173 million in fiscal 2023, $145 million in fiscal 2022 and $120 million in fiscal 2021. Net income in the same years was $3 million, $8 million, $4 million and $8 million. Over the twelve months to 30 June 2026, Mitek Systems reported revenue of $198 million and net income of $23 million. Revenue grew 12.1% a year, compounded, over the five years to fiscal 2025. Mitek Systems had 45 million shares outstanding at the latest filed count. At 30 June 2026 it carried $49 million of debt and $90 million of cash. At the close of 29 October 2026 the market cap of Mitek Systems was $832 million, 39.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE9.0%
ROCE11.7%
Operating margin17.8%
Net margin11.4%
FCF margin24.6%
Interest cover4.88
Debt to equity0.20
Cash conversion2.38
Share count, last 12 months-1.1%
Sales CAGR, 3 years7.5%
Profit CAGR, 3 years33.5%
EPS, TTM$0.47

At the close of 29 October 2026

Price$18.45
Market cap$832 million
Stock P/E39.26
Price to book3.32
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales4.21
52-week high$20.14
52-week low$8.65
Price, 1 year96.5%
Price CAGR, 3 years21.0%
Price CAGR, 5 years-0.4%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Mitek Systems Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MITKgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MITK

Dividendsno dividend in its filings for fiscal 2010 onward
Filings15 in twelve months: 8 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 other events; 1 shareholder vote; 1 termination of a material agreement
Planned insider sales4 Form 144 notices in twelve months, $3.7 million; latest 15 May 2026
Options tapeput/call 0.1 by open interest at the 29 October 2026 close; the straddle prices a 11.6% move to 20 November 2026
13F holders189 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 7.02 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q4 FY2021Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue33.332.533.539.239.645.746.143.137.736.947.045.043.237.351.945.744.844.254.854.0
Cost of revenue3.24.64.55.85.25.15.95.76.3n/an/an/an/an/an/an/an/an/an/an/a
Gross profit30.127.929.133.434.440.640.237.431.4n/an/an/an/an/an/an/an/an/an/an/a
Gross margin90%86%87%85%87%89%87%87%83%n/an/an/an/an/an/an/an/an/an/an/a
R&D8.27.68.29.64.77.77.47.56.58.99.710.06.18.39.89.08.27.47.68.1
Operating income3.94.82.70.93.88.48.71.8-3.3-6.90.70.77.7-3.111.43.84.75.413.511.5
Operating margin12%15%8%2%10%18%19%4%-9%-19%1%2%18%-8%22%8%10%12%25%21%
Interest expense1.62.02.02.12.12.12.22.42.42.32.32.32.42.42.42.52.52.51.40.7
Pre-tax income2.43.00.4-1.1-3.06.67.00.4-3.6-7.5-0.4-0.27.2-4.910.13.13.34.412.711.2
Tax rate26%-6%-5%n/an/a28%26%221%n/an/an/an/a-19%n/a9%24%44%37%25%25%
Net income1.83.10.4-0.20.44.75.2-0.4-1.4-5.80.30.28.6-4.69.22.41.92.89.58.4
Net margin5%10%1%-1%1%10%11%-1%-4%-16%1%0%20%-12%18%5%4%6%17%15%
Diluted EPS$0.04$0.07$0.01$0.00$0.01$0.10$0.11-$0.01-$0.03-$0.13$0.01$0.00$0.18-$0.10$0.20$0.05$0.04$0.06$0.20$0.17
Operating cash flow12.32.37.46.310.35.36.316.63.5-9.57.113.021.10.613.721.619.58.0-0.927.2
Capital expenditure0.40.30.30.30.20.20.20.30.40.20.50.40.30.30.20.30.31.41.61.8
Free cash flow11.92.07.16.010.15.16.116.33.1-9.76.612.620.80.213.521.219.26.6-2.525.3
Buybacks0.210.14.70.00.30.00.00.00.00.00.010.014.13.30.00.01.510.07.82.0
Shares outstanding44m44m44m44m45m45m45m46m46m47m47m46m45m45m46m46m46m45m45m45m
Filing10-K10-Q10-K10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 16 fiscal years and the trailing twelve months

FY2010FY2011FY2012 †FY2013FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue5.110.39.114.819.225.434.745.463.684.6101120145173172180198
Cost of revenuen/an/an/a0.91.11.52.42.9n/an/an/an/an/an/an/an/an/a
Gross profitn/an/an/a13.918.023.932.342.5n/an/an/an/an/an/an/an/an/a
Gross marginn/an/an/a94.2%94.0%94.2%93.0%93.5%n/an/an/an/an/an/an/an/an/a
Research and development2.03.06.76.86.05.67.810.418.121.922.928.030.229.034.635.331.2
Operating income-0.40.3-7.9-7.3-5.41.91.82.8-7.8-4.68.913.312.215.62.216.835.2
Operating margin-7.5%2.5%-86.7%-49.3%-28.2%7.5%5.3%6.1%-12.3%-5.4%8.8%11.1%8.4%9.0%1.3%9.3%17.8%
Interest expensen/an/an/an/an/an/an/an/an/a0.00.05.18.29.19.39.87.2
Pre-tax income-0.7-0.1-7.8-7.3-5.32.02.03.2-8.7-4.09.48.83.610.3-0.911.631.6
Income tax0.00.0-0.00.00.0-0.5-0.0-10.93.1-3.31.60.8-0.12.3-4.22.89.1
Effective tax raten/an/an/an/an/a-27.4%-0.1%-344.4%n/an/a17.0%9.4%-2.6%22.4%n/a24.2%28.7%
Net income-0.7-0.1-7.8-7.3-5.32.52.014.1-11.8-0.77.88.03.78.03.38.822.5
Net margin-13.3%-1.2%-86.2%-49.1%-27.6%10.0%5.6%31.0%-18.6%-0.9%7.7%6.7%2.6%4.7%1.9%4.9%11.4%
Diluted EPS-$0.04-$0.01-$0.31-$0.26-$0.17$0.08$0.06$0.40-$0.33-$0.02$0.18$0.18$0.07$0.17$0.07$0.19$0.47
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
SaaS, maintenance, and other84.290.210658.8%
Software license and hardware88.481.974.141.2%
SaaS, maintenance, and otherSoftware license and hardware
173FY2023172FY2024180FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States13513513675.8%
All other countries37.619.122.012.3%
United Kingdomn/a17.621.512.0%
United StatesAll other countriesUnited Kingdom
173FY2023172FY2024180FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2010FY2011FY2012 †FY2013FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow-0.80.3-1.8-0.6-2.56.17.910.45.614.224.137.321.131.631.755.353.7
Capital expenditure0.00.20.31.50.10.10.20.54.31.10.81.41.11.01.41.25.1
Free cash flow-0.80.1-2.1-2.1-2.66.07.610.01.313.223.336.020.030.630.254.248.6
Free cash flow margin-15.9%1.1%-23.3%-14.3%-13.6%23.8%21.9%21.9%2.1%15.6%23.0%30.0%13.8%17.7%17.6%30.2%24.6%
Cash from investing-0.0-10.82.10.6n/a-11.3-3.3-7.8-8.4-10.5-24.7-1701.7-6.828.75.833.7
Cash from financing1.414.90.716.6n/a0.21.70.7-0.44.43.4144-21.11.7-25.9-1.8-124
Depreciation and amortisation0.20.20.20.30.50.40.80.30.61.41.51.41.41.71.81.3n/a
Share-based compensation0.41.32.62.83.43.44.15.58.99.69.611.513.310.512.616.816.2
Buybacksn/an/an/an/an/an/an/an/a0.00.01.00.215.20.024.24.721.3
Diluted shares, weightedn/a22m25m27m30m31m34m36m36m39m43m45m46m46m47m47m49m
Shares outstanding at period end18m24m26m30m31m32m33m34m38m40m42m44m45m46m45m46m45m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2010FY2011FY2012 †FY2013FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity1.018.113.625.723.930.439.561.495.4107132193171205215240251
Debt0.7n/an/an/an/an/an/an/an/an/a0.012112813614415249.4
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a5.36.64.12.94.22.11.4
Other liabilities1.31.83.27.17.28.38.910.331.828.631.699.461.461.851.164.666.8
Total liabilities and equity3.019.916.732.931.138.748.471.7127136169420364405414459368
Owned
Fixed assets0.00.20.51.61.31.00.40.64.74.23.63.73.52.82.62.35.8
Goodwilln/an/an/an/a0.02.92.93.034.432.635.763.1116124132133131
Intangible assetsn/an/an/an/an/a3.42.82.332.924.419.328.775.864.754.139.829.5
Investments0.010.67.95.718.323.926.834.18.418.142.019768.976.048.342.310.1
Cash and equivalents1.35.76.723.37.82.89.012.39.016.720.030.332.158.993.515490.0
Receivables1.23.01.11.53.03.94.97.116.814.915.616.635.932.131.736.852.3
Other assets0.40.40.50.70.70.91.512.320.824.933.080.232.747.352.050.349.0
Total assets3.019.916.732.931.138.748.471.7127136169420364405414459368
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded21.6%12.1%7.5%11.1%
Profit growth, compounded13.3%2.4%33.5%45.3%
Return on equity, average3.6%3.1%3.0%3.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Mitek Systems' revenue in fiscal 2025?

Mitek Systems (MITK) reported revenue of $180 million for fiscal 2025, the year ended 30 September 2025, up 4.4% on the year before.

How much did Mitek Systems earn in fiscal 2025?

Net income was $9 million for fiscal 2025, and diluted earnings per share $0.19.

What is Mitek Systems' P/E ratio?

At the close of 29 October 2026, Mitek Systems traded at 39.3 times its earnings over the twelve months to 30 June 2026.

What is Mitek Systems' market cap?

The market cap of Mitek Systems was $832 million at the close of 29 October 2026.

How much debt does Mitek Systems have?

At 30 June 2026 Mitek Systems carried $49 million of debt and $90 million of cash.

Peers: Computers

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Palo Alto Networks Inc. PANW$310.2 billion746.291.1%6.1%24.5%0.06n/a
Fortinet, Inc. FTNT$102.1 billion48.98136.7%32.4%18.8%0.32n/a
Logitech International S.A. LOGI$14.0 billion17.8337.5%17.8%5.7%0.001.6%
Omnicell, Inc. OMCL$1.7 billion43.893.0%4.6%8.5%0.13n/a
Corsair Gaming, Inc. CRSR$1.5 billion45.755.5%2.9%3.1%0.18n/a
NCR Voyix Corp. VYX$1.1 billion20.558.2%1.1%-4.8%1.19n/a
Evolv Technologies Holdings, Inc. EVLV$877 millionn/a-4.4%-20.8%41.7%0.24n/a
Mitek Systems Inc. MITK$832 million39.269.0%17.8%11.1%0.20n/a
Quantum Corp. QMCO$818 millionn/an/a-2.3%11.9%n/an/a
OneSpan Inc. OSPN$743 million11.1524.8%17.9%4.9%0.022.5%
Par Technology Corp. PAR$735 millionn/a-8.9%-12.6%18.8%0.52n/a
Netgear, Inc. NTGR$640 millionn/a-5.6%-4.9%-0.5%0.00n/a
All 46 in Computers
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Apple Inc. AAPL$5.10 trillion40.02119.9%33.2%14.2%0.780.3%
Cisco Systems, Inc. CSCO$428.7 billion32.5226.4%24.3%11.8%0.591.5%
Palo Alto Networks Inc. PANW$310.2 billion746.291.1%6.1%24.5%0.06n/a
Dell Technologies Inc. DELL$304.4 billion27.60n/a9.4%49.0%n/a0.5%
International Business Machines Corp. IBM$244.1 billion22.0231.4%n/a6.8%1.802.6%
Arista Networks, Inc. ANET$232.4 billion58.1227.3%43.1%32.6%0.00n/a
Sandisk Corp. SNDK$194.3 billion18.2572.7%61.2%175.3%0.00n/a
Seagate Technology Holdings plc STX$160.9 billion36.78127.3%39.6%44.4%0.690.4%
Western Digital Corp. WDC$147.9 billion15.30107.2%39.4%43.0%0.080.1%
Fortinet, Inc. FTNT$102.1 billion48.98136.7%32.4%18.8%0.32n/a
Hewlett Packard Enterprise Co. HPE$78.2 billion30.6610.5%6.2%26.6%0.760.9%
Everpure, Inc. P$45.7 billion188.0016.4%5.3%27.2%0.00n/a
NetApp, Inc. NTAP$42.8 billion30.8294.8%25.0%12.2%1.661.0%
HP Inc. HPQ$28.7 billion12.14n/a5.4%8.1%n/a3.6%
Samsara Inc. IOT$24.6 billion260.285.7%1.0%29.5%0.00n/a
Super Micro Computer, Inc. SMCI$22.6 billion10.7615.4%7.1%77.8%0.60n/a
F5, Inc. FFIV$20.6 billion28.9018.8%24.5%9.4%0.00n/a
Leidos Holdings, Inc. LDOS$17.7 billion13.1526.0%11.5%3.4%1.141.2%
Caci International Inc. CACI$14.9 billion27.7011.7%9.8%10.1%1.05n/a
Logitech International S.A. LOGI$14.0 billion17.8337.5%17.8%5.7%0.001.6%
GoDaddy Inc. GDDY$13.4 billion15.7213,586.6%24.8%7.4%563.34n/a
IonQ, Inc. IONQ$12.1 billionn/a-41.0%-408.2%370.6%0.00n/a
Jack Henry & Associates Inc. JKHY$11.2 billion22.9024.5%25.0%7.1%0.021.5%
Aurora Innovation, Inc. AUR$8.9 billionn/a-51.9%-14,357.1%n/a0.00n/a
Open Text Corp. OTEX$6.6 billion10.4916.0%20.6%1.5%1.444.1%
Science Applications International Corp. SAIC$6.3 billion17.6526.5%8.0%-0.8%1.731.0%
Waystar Holding Corp. WAY$5.4 billion40.273.4%22.9%19.2%0.37n/a
NCR Atleos Corp. NATL$3.4 billion17.7242.2%11.5%3.6%6.02n/a
Agilysys Inc. AGYS$3.3 billion74.2012.4%14.3%14.9%0.00n/a
Extreme Networks Inc. EXTR$3.1 billion58.9659.7%5.7%11.3%2.27n/a
Kyndryl Holdings, Inc. KD$3.0 billion37.648.1%n/a-0.6%3.800.0%
Digi International Inc. DGII$2.9 billion61.587.1%13.9%20.3%0.16n/a
Netscout Systems Inc. NTCT$2.9 billion24.007.3%14.8%5.8%0.00n/a
Parsons Corp. PSN$2.8 billion36.015.6%4.8%-2.7%0.51n/a
Pitney Bowes Inc. PBI$2.2 billion12.77n/a13.7%-3.5%n/a2.3%
Diebold Nixdorf, Inc. DBD$2.0 billion27.648.2%5.4%6.3%1.01n/a
A10 Networks, Inc. ATEN$1.9 billion43.0518.1%16.1%12.2%0.920.9%
Omnicell, Inc. OMCL$1.7 billion43.893.0%4.6%8.5%0.13n/a
Corsair Gaming, Inc. CRSR$1.5 billion45.755.5%2.9%3.1%0.18n/a
NCR Voyix Corp. VYX$1.1 billion20.558.2%1.1%-4.8%1.19n/a
Evolv Technologies Holdings, Inc. EVLV$877 millionn/a-4.4%-20.8%41.7%0.24n/a
Mitek Systems Inc. MITK$832 million39.269.0%17.8%11.1%0.20n/a
Quantum Corp. QMCO$818 millionn/an/a-2.3%11.9%n/an/a
OneSpan Inc. OSPN$743 million11.1524.8%17.9%4.9%0.022.5%
Par Technology Corp. PAR$735 millionn/a-8.9%-12.6%18.8%0.52n/a
Netgear, Inc. NTGR$640 millionn/a-5.6%-4.9%-0.5%0.00n/a
5 companies share its SEC industry code (Computer Peripheral Equipment, Nec); the rest are the names nearest in size in its wider industry, Computers, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-Q31 December 20255 February 2026EDGAR
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