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Mitek Systems, Inc.

Data quality: 100%
MITK
NASDAQ Technology Software - Application
$14.70
▲ $0.62 (4.40%)
Mkt Cap: 666.15M
Day Range
$14.19 $14.82
52-Week Range
$6.93 $15.61
Volume
669,769
50D / 200D Avg
$12.33 / $10.35
Prev Close
$14.08

Price History

Financial Trends

Peer Comparison

vs Technology sector median (620 peers)

Metric Stock Sector Median
P/E 75.7 12.6
P/B 2.8 3.0
ROE % 3.9 8.9
Net Margin % 4.9 5.6
Rev Growth 5Y % 10.7 9.2
D/E 0.7 0.3

Analyst Price Target

Hold
$15.00 +2.0%
Forward P/E
12.8
Forward EPS
$1.15
EPS Growth (est.)
+0.0%
Est. Revenue
190 M

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2028 $1.63
$1.62 – $1.64
230 M 1
FY2027 $1.22
$1.21 – $1.23
210 M 2
FY2026 $1.15
$1.12 – $1.17
190 M 3

Key Takeaways

Revenue grew 10.67% annually over 5 years — strong growth
Earnings grew 168.33% over the past year
ROE of 3.87% is below average
Generating 54.19M in free cash flow
P/E of 75.73 — premium valuation
PEG of 0.30 suggests growth is underpriced

Growth

Revenue Growth (5Y)
10.67%
Revenue (1Y)4.42%
Earnings (1Y)168.33%
FCF Growth (3Y)33.17%

Quality

Return on Equity
3.87%
ROIC3.18%
Net Margin4.90%
Op. Margin9.34%

Safety

Debt / Equity
0.65
Current Ratio1.19
Interest Coverage1.72

Valuation

P/E Ratio
75.73
P/B Ratio2.77
EV/EBITDA39.74
Dividend Yield0.00%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 4.42% Revenue Growth (3Y) 2.05%
Earnings Growth (1Y) 168.33% Earnings Growth (3Y) 4.68%
Revenue Growth (5Y) 10.67% Earnings Growth (5Y) 2.47%
Profitability
Revenue (TTM) 179.69M Net Income (TTM) 8.80M
ROE 3.87% ROA 1.92%
Gross Margin 85.09% Operating Margin 9.34%
Net Margin 4.90% Free Cash Flow (TTM) 54.19M
ROIC 3.18% FCF Growth (3Y) 33.17%
Safety
Debt / Equity 0.65 Current Ratio 1.19
Interest Coverage 1.72 Dividend Yield 0.00%
Valuation
P/E Ratio 75.73 P/B Ratio 2.77
P/S Ratio 3.71 PEG Ratio 0.30
EV/EBITDA 39.74 Dividend Yield 0.00%
Market Cap 666.15M Enterprise Value 667.18M

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 179.69M 172.08M 172.55M 144.80M 119.80M
Net Income 8.80M 3.28M 8.03M 3.69M 7.98M
EPS (Diluted) 0.19 0.07 0.17 0.08 0.18
Gross Profit 152.90M 147.69M 149.60M 124.80M 105.26M
Operating Income 16.79M 2.23M 15.56M 12.20M 13.28M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 459.11M 413.75M 405.38M 364.48M 419.69M
Total Liabilities 218.85M 198.95M 200.19M 193.50M 226.86M
Shareholders' Equity 240.26M 214.80M 205.19M 170.98M 192.83M
Total Debt 155.19M 148.64M 140.29M 134.19M 129.45M
Cash & Equivalents 154.15M 93.46M 58.91M 32.06M 30.31M
Current Assets 248.49M 185.05M 190.01M 137.85M 204.06M
Current Liabilities 209.03M 42.15M 51.50M 48.46M 39.21M