MITEK SYSTEMS, INC. financials

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MITK CIK 0000807863

Source: EDGAR filings · Built 2026-06-02T03:33:20Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 54.19M 30.25M 30.55M 19.99M 35.95M 23.32M
EBITDA 18.09M 4.03M 17.26M 13.60M 14.72M 10.37M
Working Capital 39.46M 142.90M 138.51M 89.40M 164.85M 59.77M
Net Debt 1.06M 55.15M 81.40M 102.11M 99.11M -12.89M
Gross Margin — — 96.37% 96.40% 97.33% 96.47%
Operating Margin 9.34% 1.30% 9.02% 8.43% 11.08% 8.75%
Net Margin 4.90% 1.90% 4.65% 2.55% 6.66% 7.71%
Return on Equity (ROE) 3.66% 1.53% 3.91% 2.16% 4.14% 5.91%
Return on Assets (ROA) 1.92% 0.79% 1.98% 1.01% 1.90% 4.62%
Current Ratio 1.19× 4.39× 3.69× 2.84× 5.20× 3.45×
Debt-to-Equity 0.65× 0.69× 0.68× 0.78× 0.67× 0.05×
Effective Tax Rate 24.23% 460.62% 22.38% -2.55% 9.36% 16.95%
Cash Conversion Ratio 6.29× 9.67× 3.94× 5.72× 4.68× 3.09×
Accruals Ratio -0.10× -0.07× -0.06× -0.05× -0.07× -0.10×
SBC % of Revenue 9.35% 7.34% 6.06% 9.22% 9.63% 9.43%
CapEx Coverage 47.91× 22.04× 30.55× 18.76× 26.92× 30.04×
Free Cash Flow Per Share $1.15 $0.64 $0.66 $0.44 $0.80 $0.55

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 51.42× 123.86× 63.06× 114.50× 102.78× 70.78×
P/FCF 8.46× 13.60× 16.30× 20.98× 23.20× 23.24×
FCF Yield 11.82% 7.35% 6.13% 4.77% 4.31% 4.30%
EV / EBITDA 24.71× 110.47× 33.02× 37.60× 62.26× 50.08×
P/S 2.48× 2.27× 2.83× 2.83× 6.82× 5.25×
P/B 1.86× 1.82× 2.38× 2.39× 4.24× 4.03×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 179.69M 172.08M 172.55M 144.80M 119.80M 101.31M
Cost of Goods and Services Sold — — 6.27M 5.22M 3.20M 3.58M
Research and Development Expense 35.28M 34.64M 28.99M 30.19M 28.04M 22.86M
Operating Expenses — — 34.67M 30.61M 26.14M 20.99M
Operating Income (Loss) 16.79M 2.23M 15.56M 12.20M 13.28M 8.87M
Income Tax Expense (Benefit) 2.81M -4.19M 2.31M -92.00K 824.00K 1.59M
Net Income (Loss) Attributable to Parent 8.80M 3.28M 8.03M 3.69M 7.98M 7.81M
Earnings Per Share, Basic $0.19 $0.07 $0.18 $0.08 $0.18 $0.19
Weighted Average Number of Shares Outstanding, Basic 45.72M 46.56M 45.53M 44.59M 43.51M 41.41M
Earnings Per Share, Diluted $0.19 $0.07 $0.17 $0.08 $0.18 $0.18
Weighted Average Number of Shares Outstanding, Diluted 46.93M 47.47M 46.46M 45.78M 45.08M 42.53M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 154.15M 93.46M 58.91M 32.06M 30.31M 19.99M
Assets, Current 248.49M 185.05M 190.01M 137.85M 204.06M 84.13M
Assets 459.11M 413.75M 405.38M 364.48M 419.69M 169.15M
Long-term Debt 152.22M 2.70M — — — —
Liabilities, Current 209.03M 42.15M 51.50M 48.46M 39.21M 24.36M
Long-term Debt, Excluding Current Maturities 0 — — — — —
Liabilities 218.85M 198.95M 200.19M 193.50M 226.86M 36.91M
Stockholders' Equity Attributable to Parent 240.26M 214.80M 205.19M 170.98M 192.83M 132.24M
Common Stock, Shares, Outstanding 45.64M 45.00M 45.59M 44.68M 44.17M 41.78M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 55.34M 31.69M 31.59M 21.12M 37.34M 24.12M
Payments to Acquire Property, Plant, and Equipment 1.16M 1.44M 1.03M 1.13M 1.39M 803.00K
Net Cash Provided by (Used in) Investing Activities 5.83M 28.75M -6.78M 1.70M -170.49M -24.71M
Payments for Repurchase of Common Stock 4.74M 24.18M 0 15.18M 190.00K 1.00M
Net Cash Provided by (Used in) Financing Activities -1.85M -25.88M 1.70M -21.14M 143.68M 3.40M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MITK CIK 0000807863), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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